IBT Staff Reporter

60511-60540 (out of 154947)

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.

Reeling euro zone pins hopes on Berlin and Paris

Reeling from a debt crisis that has spread to the very heart of Europe, the continent is looking once again to the Franco-German duo that dreamed up the euro to save the single currency from ruin.

Analysis: China costs start to worry U.S. multinationals

For years, low prices on China-sourced goods helped dampen inflation in the United States. Now China's efforts to boost domestic consumer spending, reducing reliance on exports, are leading to higher costs for multinationals that manufacture goods there.

Penney profit flat and forecasts Q3 sales gains

J.C. Penney Co Inc reported a flat quarterly profit on Friday as sales were dampened by its exit from its catalog business, and the retailer became the latest department store chain to forecast continued sales gains in the current quarter.

Europe short-selling ban papers over policy cracks

A piecemeal ban on short-selling of financial stocks highlighted flaws in euro zone policy and investors said relief for bank stocks would be temporary in the absence of co-ordinated action by Europe's governments.

Credit taps run dry for European lenders

LONDON, Aug 12 - Options are rapidly running out for Europe's ailing mid-tier banks as nervous creditors pull the plug on once vital sources of funding in response to growing sovereign contagion worries, sowing the seeds of an imminent liquidity crisis at the heart of the eurozone.

French economy stagnates in second quarter

French economic growth ground to a halt as household spending shrank in the second quarter, raising pressure on the government to announce cutbacks to convince turbulent markets it will deliver on debt reduction targets.

French finmin: we will meet GDP and deficit goals

French Finance Minister Francois Baroin said on Friday the government's targets for growth and deficit reduction were not being altered after data showed growth ground to a halt in the second quarter of 2011.

German Court Sets Samsung, Apple Hearing

Korean company Samsung Electronics will go to a German court on August 25 to try to overturn a ban on it selling flagship Galaxy tablets in most of the European Union.

Short-selling ban fails to banish euro fears

European stock markets struggled early on Friday as a ban on short-selling of financial sector shares failed to put a lid on concerns over banks and the spread of the euro zone's debt crisis to France.

Europe curbs short-selling in financial stocks

PARIS/MADRID - A ban on short-selling financial stocks in four European countries including France takes effect on Friday, a coordinated attempt to restore confidence in markets hit by rumors and higher borrowing costs.

U.S. stock futures slide but Europe seen firmer for now

U.S. stock futures slid 1 percent on Friday, pulling Asian shares off early highs, as sentiment remained cautious on concerns over the European debt crisis, which will probably keep supporting safe havens like gold and Swiss franc.

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