IBT Staff Reporter

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Wall St seeks direction; industrials higher

Stocks were little changed in a volatile session on Tuesday as investors struggled to determine whether equities were fairly priced, given persisting uncertainties in Europe.
Sep 13, 2011

Geithner to urge bigger EFSF, rapid action: source

Treasury Secretary Timothy Geithner is likely to urge euro zone finance ministers on Friday to speed up ratification of changes to their bailout fund and consider boosting its size, an EU source said on Tuesday.
Sep 13, 2011

Wall Street higher on big-cap techs

Stocks rose on Tuesday led by big-cap technology shares, but continued uncertainty over how European leaders would alleviate Greece's simmering debt crisis capped gains.
Sep 13, 2011

Former MI5 Chief Justifies Dialogue with Gadhafi

Terming the dialogue initiated by the British government with Colonel Gaddafi in 2003 as right decision, the former MI5 chief Lady Eliza Manningham-Buller today acknowledged that though it was difficult, but the decision to engage in dialogue with Gaddafi in 2003 was right.
Sep 13, 2011

Best Buy misses estimates; shares fall

Best Buy Co Inc's reported lower-than-expected quarterly results as shoppers held off on buying televisions and other nonessential items in the anemic U.S. economy, and its shares fell nearly 8 percent.
Sep 13, 2011

Italy under pressure as debt worries grow

Italy had to pay record interest to sell its bonds on Tuesday as it raced to calm market fears that it was losing control of a huge public debt and could trigger a crisis that threatened the euro zone.
Sep 13, 2011

Merkel warns on Greece, Obama voices U.S. alarm

German Chancellor Angela Merkel sought on Tuesday to quash talk of an imminent Greek default as the United States voiced concern at the euro zone's inability to stem its debt crisis.
Sep 13, 2011

HP extends $11.2 billion Autonomy offer

Hewlett-Packard has extended the deadline for its $11.2 billion takeover of British software company Autonomy, with analysts predicting the U.S. firm is on course to succeed.
Sep 13, 2011

Analysis: Trading bonanza masks perils for exchanges

Frantic trading as Europe struggles with its debt crisis is providing a brief shot in the arm for stock exchanges, but won't immunize their hefty valuations from fierce competition when the volumes abate.
Sep 13, 2011

Italy confirms China meeting as debt pressure mounts

Italian Economy Minister Giulio Tremonti met Chinese officials last week, a Treasury spokesman said on Tuesday after the Financial Times reported that Rome had asked China to buy significant quantities of its debt.
Sep 13, 2011

Nintendo faces end of era after 3DS flop

Nintendo's attempt to rescue its failed 3DS handheld games gadget failed to dispel market gloom, triggering a 5 percent share slide and stoking deep worries for an iconic brand desperate to win back users.
Sep 13, 2011

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