IBT Staff Reporter

62491-62520 (out of 154942)

Russia says will respond to U.S. steps on Sergei Magnitsky

U.S. visa restrictions on Russian officials linked to the death of hedge fund lawyer Sergei Magnitsky could become a "serious irritant" in bilateral relations and provoke a response from Moscow, Russia's Foreign Ministry said on Wednesday.

Google+ Growth Slows as SEO Gamers Surface

Having seen a 238 percent rise in U.S. visits in the week ended July 16, Google+ saw U.S. traffic fall around three percent the following week, Bloomberg reported. Meanwhile, sites offering "+1 for pay" rankings have already sprouted up, offering to help site owners game Google's rating and promotion system. Records also show that users now make fewer and shorter visits to the new social network.

James Murdoch faces BSkyB board, doubts about role

James Murdoch looks set to survive a board meeting of BSkyB on Thursday even as questions multiply from other quarters over whether his role in a phone-hacking scandal leave him a fit chairman of the satellite broadcaster.

Exxon, Shell use soaring profits to buy output growth

Exxon Mobil, Royal Dutch Shell Plc and other big oil groups reported higher profits on Thursday thanks to high crude prices and showed the only way to combat falling output was by reinvesting the cash in acquisitions and new ventures.

Bank trading slump to spark more job losses

Tens of thousands of European bankers are losing their jobs in a deep trading slump that has been compounded by regulatory curbs on excessive risk -- and many more will be out of work before Christmas.

Bank CEOs Warn Of 'Grave' Consequences If No Debt Deal

Chief executives from the nation's largest financial firms on Thursday pressured the White House and Congress to reach a deal on the debt ceiling and deficit reduction, saying the consequences of inaction "would be very grave."

Japan's tech companies face weak TV demand, keep forecasts

Japan's top consumer electronic firms recovered faster than expected from March's earthquake, allowing most of them to maintain full-year profit forecasts despite a weakening TV market and concerns about the outlook for the global economy.

Bank CEOs warn grave consequences if no debt deal

Chief executives from the nation's largest financial firms on Thursday pressured the White House and Congress to reach a deal on the debt ceiling and deficit reduction, saying the consequences of inaction would be very grave.

Exxon profit up 41 percent, misses Street

Exxon Mobil Corp, the world's largest publicly traded oil company, reported a higher quarterly profit that missed Wall Street estimates as its international refining business and output fell short.

Jobless claims fall below 400,000

The number of Americans claiming new unemployment benefits last week dropped below the 400,000 level for the first time since early April, a hopeful sign for the economy which has struggled to regain momentum.

Study: Cell Phones Pose No Brain Cancer Risk in Teens

A recent study published in the July issue of The National Cancer Institute's journal found that children and teens who use cell phones are not at an increased risk of brain cancer compared to their peers who do not use cell phones.

Japan's tech firms face weak TV demand, keep forecasts

Japan's top consumer electronic firms recovered faster than expected from the March earthquake, keeping their full-year profit forecasts despite a weakening TV market and worries about the outlook for the global economy.

TSX plunges to July low on U.S. debt deadlock

Toronto's main stock index plunged more than 2 percent on Wednesday to its lowest point this month as weak U.S. data and a looming deadline for raising the U.S. debt ceiling sent investors searching for safety.

Tyco profit beats estimates

Conglomerate Tyco International Ltd's quarterly profit beat Wall Street forecasts on Thursday amid sharply higher earnings in its security business, which were boosted by the acquisition of Broadview.

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