IBT Staff Reporter

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Cancer Docs Hail 'Serial Killer' Cells in New Leukemia Treatment

Pennsylvania researchers used a "killer" technique where patients with leukemia had some of their own blood removed and genetically reprogrammed to attack tumor cells. The treatment made the most common type of leukemia disappear in two patients, and reduced cancer cells by 70 percent in a third.

Short-Selling Ban a ?Political Smokescreen?

Researchers at a leading European business school are blasting financial regulators in France, Belgium, Italy and Spain for imposing or extending short-selling bans in the wake of renewed market volatility.

Italy set to deliver tough austerity measures

The Italian government will pass a sweeping package of cuts and tax increases at a cabinet meeting Friday as it scrambles to meet European Central Bank demands for action to shore up confidence in its public finances.

Consumer sentiment slumps as retail sales jump

Consumer sentiment worsened sharply in early August, falling to the lowest index level since 1980, even though retail sales posted the biggest gains in three months in July, separate reports on Friday showed.

Nvidia shares jump but Tegra growth worries analysts

Shares of Nvidia Corp rose as much as 11 percent on Friday on the company's strong third-quarter revenue forecast, but brokerage Evercore Partners said it was surprised with the lack of growth of the graphics card maker's much-touted Tegra processors.

Instant View: consumer sentiment slumps

Consumer sentiment worsened sharply in early August, falling to the lowest index level since 1980, according to the Thomson Reuters/University of Michigan's preliminary reading.

Consumer sentiment tumbles to historic low

Consumer sentiment dropped to its lowest point in more than three decades in early August, as fears of a stalled recovery gelled with despair over government policies, a survey released on Friday showed.

Wall St rises for second day

Stocks rose on Friday, extending the previous session's sharp rise as data showed retail sales posted their biggest gain since March.

Italy eyes tax hikes as cabinet meets on crisis

The Italian government will pass a sweeping package of cuts and tax increases at a cabinet meeting Friday as it scrambles to meet European Central Bank demands for action to shore up confidence in its public finances.

Penney issues weak forecast

J.C. Penney Co Inc forecast weaker-than-expected third-quarter earnings and further erosion in its gross margin, sending its shares down 3 percent in premarket trade.

Lee Grace Dougherty: 'I Deserved to Get Shot"

"Dougherty Gang" member Lee Grace Dougherty, 29, told the FBI that she deserved to get shot in the leg. "I pointed the gun at the cop," she told the FBI. "I deserved to get shot," Dougherty added.

Nvidia shares jump on strong Q3 revenue forecast

Shares of graphics card maker Nvidia Corp rose 12 percent in pre-market trade on Friday after the company reported market-beating quarterly results and forecast strong third-quarter revenue on accelerating growth in its mobile business.

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