IBT Staff Reporter

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Futures lower as credit downgrade fears linger

Wall Street equity futures were lower on Tuesday as a last-minute congressional deal to raise the U.S. debt ceiling failed to assuage investor concerns that a credit downgrade could be avoided.
Aug 02, 2011

Toyota cautious on forecast after quake hits results

Toyota Motor Corp raised its annual profit forecast to a level well below market estimates, warning the stronger yen was hobbling it in the battle against South Korean rivals as it races to restore quake-hit production.
Aug 02, 2011

Instant view: Toyota posts big Q1 loss

Toyota Motor Corp <7203.T> reported its first quarterly loss in two years as Japan's biggest earthquake hammered production and the yen's rise hit profitability on exports.
Aug 02, 2011

Stock index futures signal more losses

Stock index futures pointed to a lower opening on Wall Street on Tuesday, with futures for the S&P 500 down 0.5 percent, Dow Jones futures down 0.2 percent and Nasdaq 100 futures down 0.5 percent at 0919 GMT.
Aug 02, 2011

Samsung delays Australia tablet launch on Apple suit

Samsung Electronics has delayed the Australian launch of its latest Galaxy tablet due to a patent dispute with Apple Inc, a setback for the South Korean firm's attempt to close the gap with Apple in the booming tablet market.
Aug 02, 2011

Sony's video game unit buys Sucker Punch studio

Sony Computer Entertainment said on Tuesday it was buying Sucker Punch Productions, the studio behind the inFamous franchise, as Sony Corp's unit tries to expand its portfolio of original video games.
Aug 02, 2011

Toyota lifts forecasts, posts loss on quake and yen

Toyota Motor Corp reported its first quarterly loss in two years on Tuesday as Japan's biggest earthquake hammered production and a strong yen hit export profits, and the company raised its profit forecast on a speedy recovery.
Aug 02, 2011

Growth concerns drive stocks, euro lower

World stocks hit a two-week low on Tuesday as markets' focus turned back to weak global growth prospects and the euro zone's debt troubles after a U.S. budget deal that will knock more than $2 trillion off public sector spending in coming years.
Aug 02, 2011

Metro says risks to profit target have grown

Metro , the world's No.4 retailer, said risks to its 2011 profit target had grown as the global economic recovery falters and shoppers fret about the European debt crisis and higher food prices.
Aug 02, 2011

Li Ka-shing's consortium to buy Northumbrian for $3.92 billion

A consortium led by Hong Kong tycoon Li Ka-shing's Cheung Kong Infrastructure Holdings <1038.HK> agreed to buy British utility Northumbrian Water Group for 2.41 billion pounds ($3.92 billion) in what could be the biggest takeover this year of a British-listed company.
Aug 02, 2011

Bank of Korea buys gold as dollar, euro lose clout

South Korea spent more than a billion dollars in its first gold purchase in more than a decade, as uncertainty about global growth and sovereign debt push central banks around the world to diversify foreign reserves.
Aug 02, 2011

Huawei hires ex-UK info chief as global cyber security

Huawei Technologies Co Ltd said it has appointed a former British government information official as global cyber-security officer, as the world's second-largest network equipment maker aims to expand its footprint with more global hires.
Aug 02, 2011

Toyota posts big first quarter loss hurt by quake, yen

Toyota Motor Corp <7203.T> reported its first quarterly loss in two years on Tuesday as Japan's biggest earthquake on record hammered production and the yen's rise hit profitability on exports. The company raised its annual forecast.
Aug 02, 2011

Asian stocks fall on weak data; eyes on yen

Asian shares fell on Tuesday as sluggish U.S. and global manufacturing data added to concerns about the health of the world economy, while a strengthening yen prompted speculation that Tokyo may intervene in the markets to curb the currency.
Aug 02, 2011

CKI-led group to buy Northumbrian Water for $3.92 billion

A consortium led by Hong Kong tycoon Li Ka-shing's Cheung Kong Infrastructure Holdings <1038.HK> has agreed to take over Northumbrian Water Group Plc in an all-cash deal which values the British utility at about 2.41 billion pounds ($3.92 billion).
Aug 02, 2011

ECB eyed for signs of growing rate hike caution

Financial markets will be watching the European Central Bank on Thursday for any hints that recent signs of an economic slowdown and the unrelenting debt crisis have lowered the chances of another rate hike this year.
Aug 02, 2011

Pfizer believers await more reassurance

Pfizer Inc is expected to report lower quarterly earnings on Tuesday, hurt by competition from generic copies of its Lipitor cholesterol fighter, but investors will focus mainly what the company plans to do after Lipitor faces U.S. generics in November.
Aug 02, 2011

Metro says market tough as profit slumps

Metro , the world's No. 4 retailer, missed expectations for second quarter results as high food prices and the European debt crisis hit consumer sentiment and said its 2011 earnings target depended on economic improvements.
Aug 02, 2011

Hot Dogs, Other Processed Meat Increase Cancer Risk

Studies show a strong link between different types of cancer and processed meats. Eating 50-grams of processed meat, or one hot dog a day, could give you a 21% risk of colorectal cancer, according to studies at the American Institute of Cancer Research.
Aug 02, 2011

Government hankers for hackers

The National Security Agency has a challenge for hackers who think they're hot stuff: prove it by working on the hardest problems on Earth.
Aug 02, 2011

Star Alliance shelves plan to induct Air India

State-run Air India's plan to join Star Alliance, a consortium of global airlines, has been put on hold as the loss making Indian carrier had not met the minimum joining conditions.
Aug 02, 2011

Celina Cass: Suicide or Murder? Mystery Surrounds Girl's Found Body

The week long search for missing 11 year old Celina Cass came to a tragic end as divers and authorities found the missing girl's body in the Connecticut River. The body's location was a quarter of a mile away from her home as mystery surrounds the disappearance and death of Celina Cass.
Aug 02, 2011

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