IBT Staff Reporter

60601-60630 (out of 154942)

Warren Buffett buying in down market: Fortune

Warren Buffett has been buying amid this week's sharp declines in the market, and has not yet seen anything that suggests another downturn is emerging, the legendary investor told Fortune magazine.

Cisco and jobless claims help Wall St. rebound

Stocks rallied on Thursday as solid results from Cisco and mildly encouraging U.S. jobs data gave investors the motivation to scoop up shares beaten down after several days of sharp selling.

Falcon Hypersonic Aircraft Launched, But Loses Contact with DARPA

A Minotaur IV Lite rocket lifted off with the Falcon Hypersonic Technology Vehicle 2 Thursday morning from Vandenberg Air Force Base in California, successfully released the aircraft and entered the mission's glide phase. But contact with the plane has been lost.

AOL approves buyback as shares tumble

AOL said on Thursday it would buy back $250 million of its stock, a move presumably intended to boost confidence in the shares, which fell 32 percent in two days.

Casey Anthony Wins Most Hated Person in the America Contest

Casey Anthony, the woman accused and subsequently acquitted of killing her two-year-old child using chloroform and duct tape, came in at first place as "The Most Hated Person in America" in a survey conducted by research company E-Poll Market Research, polled 1,100 people aged 13 and older.The poll found that 53 percent of study participants knew who Casey Anthony was and that 94 percent of those who knew who she really disliked her. 57 percent of those polls said that she is "creep...

How Gulf Sheikhs Will Inherit the Earth

While the rest of the world spirals into a debt-filled economic abyss, ultra-wealthy Persian Gulf states like Qatar and Kuwait are propped up by the high prices of crude oil and natural gas.

Jobless claims at 4-month low, trade gap widens

The number of Americans claiming new jobless benefits fell to a four-month low last week, a sliver of hope for an economy battered for days by a credit rating downgrade and falling share prices.

Exclusive: Bank in Asia cuts credit to French lenders

One bank in Asia has cut credit lines to major French lenders while five other banks in Asia are reviewing trades and counterparty risk as worries about the exposure of French banks to peripheral euro zone debt mounts, banking sources told Reuters on Thursday.

GM CEO reiterates Opel not for sale: report

General Motors Co Chief Executive Dan Akerson told a German newspaper that Opel can be successful with its new cost structure, and reiterated the European brand was not for sale.

Wall Street surges in another volatile session

Stocks advanced more than 2 percent on Thursday in another volatile session as upbeat results from Cisco and a better-than-expected labor market report offset renewed concerns about the euro zone banking system.

40 years on from gold standard, bugs crow

Gold, and only gold, will be our salvation when the value of companies, banks, countries and even money itself melts away. Gold, not shifting currencies, is the foundation of wealth and security. Gold is back, for good.

Dougherty Gang Caught in Colorado Springs: Authorities

The manhunt for three objectively troubled Florida siblings ended in the Rocky Mountains Wednesday. The day before they went on the run, Ryan Dougherty was convicted in Volusia County of a sex offense involving a child.

Exclusive: One bank in Asia cuts, others review credit

One bank in Asia has cut credit lines to major French lenders while five other banks in Asia are reviewing trades and counterparty risk as worries about the exposure of French banks to peripheral euro zone debt mounts, banking sources told Reuters on Thursday.

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