IBT Staff Reporter

56161-56190 (out of 154944)

HP's board considers jettisoning CEO: report

Hewlett-Packard Co's board is considering ousting Chief Executive Officer Leo Apotheker after less than a year on the job and replacing him temporarily with former eBay CEO Meg Whitman, Bloomberg reported, citing two sources familiar with the matter.

Greece sharpens austerity to secure more funds

Greece adopted yet more austerity measures on Wednesday to secure a bailout installment crucial to avoid running out of money next month, as the IMF warned that Europe's sovereign debt crisis risks tearing a giant hole in banks' capital.

Appeals court revives lawsuit vs homebuilders

A federal appeals court revived on Wednesday a lawsuit by homeowners who accused several major U.S. homebuilders of causing them harm by marketing neighboring homes to people at high risk of foreclosure.

Holiday retail sales seen tepid

Retailers may face more moderate sales gains this holiday season as persistently high unemployment and higher gas and grocery prices prompt shoppers to think twice about spending.

Holiday retail sales expected to be tepid

Retailers may face more moderate sales gains this holiday season as persistently high unemployment and higher gas and grocery prices prompt shoppers to think twice about spending.

Greece to impose new austerity steps: sources

Greece's government will cut pensions, extend a property tax hike and put tens of thousands of public workers on notice as part of a deal to continue receiving aid funding from its international lenders, government officials said on Wednesday.

General Mills profit beats, affirms 2012 view

General Mills Inc reported a better-than-expected quarterly profit on Wednesday, as price increases helped it contend with the much higher ingredient and fuel costs that ate into its margins.

Fed looks set to ease policy as outlook dims

The Federal Reserve on Wednesday looks set to launch a fresh effort to invigorate the faltering economic recovery, embarking on what could be the first in a series of incremental steps to foster stronger growth.

SABMiller seals $10.2 billion Foster's with a beer

Brewing giant SABMiller agreed to buy Foster's Group for a sweetened price of A$9.9 billion ($10.2 billion) on Wednesday after talks between the two last week ended in a couple of beers which sealed the deal this week.

Wall St slips ahead of Fed policy statement

Stocks drifted lower on Wednesday as investors were reluctant to place bets ahead of a U.S. Federal Reserve announcement that is expected to present some action to speed up a lagging recovery.

Obama to meet Palestinian leader amid U.N. crisis

President Barack Obama will meet Palestinian President Mahmoud Abbas on Wednesday to urge him to drop plans to ask the U.N. Security Council to recognize a Palestinian state despite U.S. and Israeli objections.

Europe Crisis Raises Banks Risk by $410 Billion: IMF

Europe's debt crisis has increased the risk exposure of banks in the region by 300 billion euros ($410 billion) and they need to recapitalize to ensure they can weather potential losses, the International Monetary Fund said on Wednesday.

Wall Street set to open flat ahead of Fed statement

Wall Street was set to open little changed on Wednesday as investors cautiously awaited the outcome from the Federal Reserve's policy-setting meeting that is likely to include new measures to boost the economy.

General Mills profit slips

General Mills Inc reported a lower quarterly profit on Wednesday, as the food company was hit by higher ingredient and fuel costs.

Struggling Saab wins reprieve

Struggling car maker Saab gained fresh breathing room in its fight for survival on Wednesday when it won a court appeal to be granted protection from creditors while it awaits Chinese investment.

'Occupy Wall Street' Calls For Protests in San Francisco

While the turnout was much smaller than the number anticipated to participate, Occupy Wall Street, a leaderless resistance movement, is now calling those in Northern California to participate in the growing occupation in San Francisco, now that the financial district in lower Manhattan is being disrupted by fervent protesters.

UBS CEO Gruebel says has board's backing

UBS chief executive Oswald Gruebel said he had the support of the Swiss bank's board ahead of its first meeting since announcing rogue trading had cost it $2.3 billion, news that promoted calls for tougher regulation of investment banks.

Wall Street flat ahead of Fed statement

Stocks were little changed on Wednesday as cautious investors awaited the Federal Reserve's statement on monetary policy that is expected to include measures to support the economy.

Existing home sales jump 7.7 percent in August

Existing home sales rose more than expected in August to the fastest annual pace since March as falling prices and low interest rates drew more buyers into the market, the National Association of Realtors said.

Greece to tighten austerity as IMF warns on banks

Greece was set to outline more austerity measures on Wednesday to secure a bailout installment crucial to avoid running out of money next month, as the IMF warned that Europe's sovereign debt crisis risks tearing a giant hole in banks' capital.

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