IBT Staff Reporter

56731-56760 (out of 154942)

Fashion bloggers to spur online luxury sales

Fashion bloggers will help propel online sales of designer clothes, jewels and luxury cars to more than 11 billion euros ($15 billion) in 2015, a research report said on Thursday.

Geithner to discuss leveraging EU bailout fund

Treasury Secretary Timothy Geithner will discuss with European finance ministers the possibility of leveraging the euro zone's bailout fund to make it more effective in fighting the debt crisis.

Data shows weak labor market

New claims for jobless benefits hit the highest level since late June last week and a gauge of New York state factory activity contracted in September, sustaining the view the Federal Reserve would take new action to boost growth.

Wall St gains for 4th day on European moves

Stocks rose for a fourth straight session on Thursday after major central banks moved to boost European bank funding and regional leaders offered strong support for Greece, easing default fears.

Judge to solve puzzle over BoFA mortgage removal

Bank of America Corp's $8.5 billion proposed mortgage-backed securities settlement is now in the hands of a New York federal judge. But it could end up back before state court in a legal tug-of-war over who should decide whether the pact passes muster.

Myanmar lifts bans on foreign news websites

Myanmar lifted bans on prominent news websites on Thursday, including some run by critics of the army-dominated government, and unblocked online video portal YouTube, the latest signs of possible reforms in one of Asia's most reclusive states.

Chip in new BlackBerrys opens door to use as ID

BlackBerry maker Research In Motion plans to open doors for its key corporate customers using a decade-old technology most in the smartphone industry eye as a way to turn phones into wallets.

Fiscal fix needed for jobs, investment: Blackrock

The United States needs to use fiscal as well as monetary policy to boost the economy if it wants to convince cash-rich corporations to start hiring and investing, Bob Doll, chief equity strategist of BlackRock Inc said on Thursday at the Bloomberg Markets 50 Summit.

Jobless claims post surprise rise

New jobless claims rose last week to their highest since June and a gauge of New York State manufacturing contracted in September, sustaining the view the Federal Reserve could take new action to boost growth.

Wall St to open up on Europe, data could weigh

Wall Street was set for a higher open on Thursday after three straight winning sessions on relief European leaders were committed to keeping Greece afloat, but weaker-than-expected data, including jobless claims, kept gains in check.

Merkel: euro bonds absolutely wrong for crisis

German Chancellor Angela Merkel bluntly rejected euro zone bonds as a solution to the currency area's sovereign debt crisis, saying on Thursday that collectivizing debts would not solve the problem.

SEC widens CDO probe, negotiating settlements: report

The U.S. securities regulator is widening its probe into mortgage-bond deals that ushered in the financial crisis, and is pushing for a settlement of more than $200 million with Citigroup, the Wall Street Journal said, citing people familiar with the matter.

Insight: Why Swiss medicine men swallow a strong franc

In recent months, a red-hot Swiss franc has made Switzerland an expensive place to buy a slice of pizza, let alone run a business. Swiss-based Roche, the world's biggest maker of cancer medicines, and its cross-town rival Novartis have felt the pain along with Switzerland's other exporters.

Sony yet to grab new Monster Hunter for PS Vita

Sony Corp has yet to secure the next generation of Capcom's popular Monster Hunter game for its new handheld games device, company executives said on Thursday, after the developer said it would offer the game on a rival gadget.

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