IBT Staff Reporter

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Exclusive: China plans to mop up bank liquidity

China has ordered banks to include their margin deposits in required reserves at the central bank to mop up excessive liquidity, banking sources said on Friday, the latest move in Beijing's campaign to rein in worrisome inflation.
Aug 26, 2011

Second-quarter GDP trimmed, spending raised

The U.S. economy grew slower than previously thought in the second quarter as business inventories and exports were less robust, a government report showed on Friday, although consumer spending was revised up.
Aug 26, 2011

Autism Not Caused By MMR Vaccine, Or Any Others: Report

The U.S. Department of Health and Human Services, which helped guide the Vaccine Injury Compensation Program that funds children who experience side effects from vaccines, has commissioned a report after 17 years that found no link with autism and Type 1 diabetes after taking certain vaccines.
Aug 26, 2011

Stock ftures point to lower open ahead of Bernanke

Stock index futures pointed to a lower open on Friday as investors found few reasons to buy following a volatile week and ahead of a speech from Federal Reserve Chairman Ben Bernanke on the economy.
Aug 26, 2011

Second-quarter growth revised down to 1 percent

The economy grew much slower than previously thought in the second quarter as business inventories and exports were less robust, a government report showed on Friday, although consumer spending was revised up.
Aug 26, 2011

Analysis: Safe haven assets start to look risky

This year's heady bout of risk aversion on financial markets has ratcheted up demand for gold, U.S. Treasuries and the Swiss franc to levels that suggest they may no longer be the safe havens they are billed as.
Aug 26, 2011

Spain to set deficit limit in constitution

Spain reached political consensus on Friday to set constitutional limits on its public deficit and debt, though details were sketchy and there were few signs the accord would persuade markets Madrid can manage its finances.
Aug 26, 2011

Will Steve Jobs Return Again?

The impending threat that Apple will see Jobs-less days had been looming since CEO Steve Jobs announced his medical leave in January.
Aug 26, 2011

Analysis: 'Safe Haven' Assets Start to Look Risky

This year's heady bout of risk aversion on financial markets has ratcheted up demand for gold, U.S. Treasuries and the Swiss franc to levels that suggest they may no longer be the safe havens they are claimed to be.
Aug 26, 2011

Analysis: LG Faces Tough Choices for Mobile Phone Division

South Korea's LG Electronics hasn't been so smart with its smartphone business. Its mobile phone division has suffered five consecutive quarterly losses, cutthroat competition is pressuring it to overhaul the business and its shares have plummeted.
Aug 26, 2011

Stock futures signal gains; Bernanke eyed

Stock futures pointed to a slightly higher open for equities on Friday after steep declines in the previous session, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 all up 0.2 percent.
Aug 26, 2011

Greece sets minimum take-up rate for debt swap plan

Greece said on Friday it would not go ahead with a debt swap crucial to its second bailout if private sector holders of less than 90 percent of the bonds participate, failing to satisfy its international partners.
Aug 26, 2011

Market sentiment weakened before U.S downgrade: S&P

The top official behind Standard & Poor's downgrade of the United States said on Friday it was not to blame for August's stock market rout, and warned that developed nations still needed to get their act together to tackle their mountains of debt.
Aug 26, 2011

ABN AMRO to cut 2,350 jobs, most in back office

Dutch state-owned bank ABN AMRO said on Friday it would cut 2,350 jobs over the next four years, mostly in back office operations such as IT, as well as in retail and private banking, in a drive to save costs.
Aug 26, 2011

Analysis: LG on Mute as Mobile Phone Losses Mount

South Korea's LG Electronics hasn't been so smart with its smartphone business. Its mobile phone division has suffered five consecutive quarterly losses, cutthroat competition is pressuring it to overhaul the business and its shares have plummeted.
Aug 26, 2011

Shares edge up, euro firm; Bernanke's speech awaited

Asian shares edged up on Friday and gold slipped ahead of a speech by Federal Reserve Chairman Ben Bernanke on the U.S. economic outlook later in the day, while the euro gained after Spain agreed on a constitutional debt brake.
Aug 26, 2011

AIG chief unhappy with stock analysts' view: report

American International Group Chief Executive Robert Benmosche has complained to senior executives at investment banks about the unfavorable research of the insurer's stock, the Wall Street Journal said, citing people familiar with the matter.
Aug 26, 2011

Analysis: Buffett trades off his reputation

Warren Buffett showed again that his name and money is enough to give a struggling company instant credibility in the market. But the legendary investor also demonstrated his canny command of that reputation means that such deals can immediately generate profits.
Aug 26, 2011

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