IBT Staff Reporter

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Gambling Rose opens up four shot lead at BMW

Britain's Justin Rose carded a two-under-par 69 to open up a commanding four stroke lead after the third round of the BMW Championship on Saturday and give himself a shot at the season-ending $10 million jackpot.
Sep 17, 2011

Hurricane Maria nears Newfoundland, oil unaffected

Operations at oil rigs off Canada's Atlantic Coast are unlikely to be hurt by Hurricane Maria, which may tear down trees and cut power in the southeastern tip of Newfoundland later on Friday, officials said.
Sep 17, 2011

ECB'S Weidmann says wrong to ditch monetary policy principles

ECB Governing Council member Jens Weidmann, an opponent of the bank's bond-buying program, told Germany's Spiegel magazine the ECB had burdened itself with considerable risk and it was wrong to abandon established principles of monetary policy.
Sep 17, 2011

Mark Cuban charges against SEC unfounded: source

The internal watchdog at the Securities and Exchange Commission has concluded that the accusations of investigative misconduct against the enforcement division by Dallas Mavericks basketball team owner Mark Cuban have no merit, according to a person familiar with the matter.
Sep 17, 2011

EU finance ministers break no new ground on debt crisis

EU finance ministers broke no new ground in dealing with the euro zone debt crisis in discussions over the weekend, instead absorbing some ideas and rejecting others and taking stock of progress on agreed steps.
Sep 17, 2011

GM and UAW reach first labor deal since bankruptcy

General Motors Co and the United Auto Workers union reached a proposed contract for about 48,500 production workers that would create new U.S. factory jobs and include profit-sharing bonuses.
Sep 17, 2011

EU ministers see need for stronger bank sector

EU finance ministers agreed on Saturday that European banks must be strengthened in the follow-up to July stress tests as a report said a systemic crisis in sovereign debt now threatened a new credit crunch.
Sep 17, 2011

EU officials seek to dispel fears of credit crunch

EU officials sought to dispel fears about a bank lending freeze on Saturday, despite a stark warning from senior aides that a systemic crisis in sovereign debt now threatened a new credit crunch.
Sep 17, 2011

Trichet emotional as end of ECB stint nears

A moved Jean-Claude Trichet neared the end of 24 years of policymaking on Saturday after attending his last informal meeting of European finance ministers as head of the European Central Bank.
Sep 17, 2011

BP Oil Spill Report May Prompt Over $30 bln Pay-Out

Findings of the second major investigation by the U.S. government into the 2010 Gulf of Mexico oil spill, may press BP into putting over $30 billion on the table to quickly settle its outstanding legal headaches.
Sep 17, 2011

GM, UAW nearing labor deal

General Motors Co and the United Auto Workers union negotiated into the night Friday to hammer out a new contract for 49,000 production workers in the first talks since the top U.S. automaker was saved by a government bailout.
Sep 17, 2011

Lehman in deal with Europe affiliate

Lehman Brothers Holdings Inc said in a statement that it reached a tentative agreement with its largest foreign affiliate Lehman Brothers International Europe , related to claims between the two.
Sep 17, 2011

GM, UAW reach first labor deal since bankruptcy

General Motors Co and the United Auto Workers union on Friday reached a proposed contract for almost 49,000 production workers that both sides said would create new U.S. factory jobs and include profit-sharing bonuses.
Sep 16, 2011

Global stocks rally on Europe hope, euro slip

Global equities rose for a fourth straight day on Friday, but the euro slid as hope Europe was finally getting a grip on the region's debt crisis was offset by lingering fears Greece is still at risk of default.
Sep 16, 2011

2011 Emmy Awards Host Jane Lynch Makes 'Advocate' Cover

The Emmy Award-winning TV comedy-musical series 'Glee' has the intense and brazen Sue Sylvester and her diabolical schemes to keep its plots fresh and interesting. Actress Jane Lynch who plays Sue, the track-suited sports coach who delights in making students' lives a living hell, is on the October 2011 issue of 'The Advocate' magazine.
Sep 16, 2011

Moody's to conclude Italy review within month

Moody's Investors Service on Friday said it would finish reviewing Italy's Aa2 sovereign currency credit rating for possible downgrade within the next month, adding Italy faces a challenging economic and financial environment.
Sep 16, 2011

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