IBT Staff Reporter

57481-57510 (out of 154947)

Wall Street jumps as Europe debt concerns ease

Wall Street bounced more than 2 percent on Wednesday, reversing three days of losses after Germany's top court smoothed the way for Berlin's participation in bailouts that could ease Europe's debt crisis.

Iridium to sell new phone, other services

Iridium Communications Inc unveiled what it called the world's most rugged satellite handset on Wednesday as part of a new suite of services designed to run off its 66-satellite global network.

Best Buy unveils new third-party Marketplace

Best Buy Co said on Wednesday it will offer products online from other sellers through a new third-party Marketplace as the electronics retailer tries to better compete with Internet rivals Amazon.com and eBay Inc.

Oil-funded study: drilling could add 1 million U.S. jobs

The United States could create more than 1 million jobs by 2030 by expanding offshore drilling, limiting federal regulation of shale gas development and quickly approving a Canadian oil sands pipeline, according to a study commissioned by an oil industry group.

U.S. recovery still on ropes in late summer: Fed

The sluggish U.S. recovery failed to gain speed in recent weeks and softened in some areas of the country, as volatile stock markets and sputtering factory activity weighed on growth, the Federal Reserve said on Wednesday.

Oil-funded study: More drilling would add 1 million jobs

The United States could create more than one million jobs by 2030 by expanding offshore drilling, limiting federal regulation of shale gas development and quickly approving a Canadian oil sands pipeline, according to a study commissioned by a major oil industry trade group.

GM aims to move pension risk off table

General Motors Co recognizes that its pension deficit represents a risk to the company that management is hoping to take off the table for investors, Vice Chairman Steve Girsky said on Wednesday.

Drilling could add 1 million jobs: Oil-funded study

The United States could create more than 1 million jobs by 2030 by expanding offshore drilling, limiting federal regulation of shale gas development and quickly approving a Canadian oil sands pipeline, according to a study commissioned by an oil industry group.

Nvidia up on outlook, analysts skeptical

Shares of Nvidia Corp jumped more than 11 percent on Wednesday, as investors bet on strong sales for the company's chips used in mobile devices like smartphones and tablets.

Recovery still on the ropes in late summer: Fed

The sluggish recovery failed to gain any speed in recent weeks and softened in some areas with factory activity sputtering and retail sales under pressure, the Federal Reserve said on Wednesday.

Lehman asks U.S. judge for $500 million Barclays payback

Lehman Brothers Holdings Inc -- whose North American business was taken over by Barclays Plc in 2008 -- has asked a U.S. judge on Wednesday to force the British bank to pay it back $500 million it says was meant to go to employees.

Lady Gaga, Pauly D remember September 11 in new video

As the 10th anniversary of the September 11 terror attacks approaches, the question undoubtedly on some people's minds has finally been answered: What was Lady Gaga doing on that fateful day, and what was her reaction?

Crews curb California fire sparked by plane crash

Fire crews made decisive gains on Tuesday against a fierce blaze that destroyed 12 homes after it was ignited by a small-plane crash in Southern California, and evacuation orders were lifted late in the day for hundreds of dwellings.

Viterra profit almost doubles; grain shipments boom

Viterra Inc (VT.TO: Quote) said on Wednesday its quarterly profit nearly doubled, driven by record grain shipments through ports in Australia, higher grain prices, and strong demand for fertilizers in North America.

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