IBT Staff Reporter

63301-63330 (out of 154942)

Caterpillar profit misses

Heavy machinery maker Caterpillar Inc disappointed Wall Street with a second-quarter earnings miss on Friday, hurt by higher costs, and its shares fell nearly 6 percent, dragging down the U.S. stock market.

Jobless rates jump in 28 states in June

Jobless rates jumped in June from the month before in more than half of the U.S. states as sinking public employment reversed the trend of steadily improving labor conditions in the first half of 2011, Labor Department data released on Friday showed.

Goldman Sachs fights bias lawsuit, cites Wal-Mart

Goldman Sachs Group Inc said a recent landmark decision throwing out a class-action lawsuit against Wal-Mart means it should not face a wide-ranging case accusing it of systematic bias against women.

ECB's Trichet confident Greek crisis a one-off

Greece's sovereign debt crisis will prove unique in the euro zone and will not spread to other countries, European Central Bank President Jean-Claude Trichet said in a newspaper interview on Friday.

Spanish piracy law draws U.S. investments: minister

Major U.S. and Spanish companies are preparing to invest in online music and movie services in Spain once a controversial new law to fight piracy takes effect next month, the country's culture minister said.

Wall Street still gives big cash to Obama

Despite howls of protests from many on Wall Street over some of President Barack Obama's policies, financial sector employees are giving at a greater rate to his re-election bid than during his last campaign.

Amazon's next billion-dollar business eyed

Amazon.com Inc's cloud computing unit may be its next billion-dollar business and analysts will be watching for clues on how fast this secretive unit is growing when the Internet retailer reports results next week.

Heat Wave 2011: 10 Tips to Stay Cool

A heat wave is gripping the United States with temperatures soaring into the triple digits. With weather this hot, we've got some tips for staying cool on this hot summer day.

Sarah Palin's 2012 Presidential prospects fade

Prospects of Sarah Palin running for President in 2012 fade as the former Alaska governor continues to slip on Republican ratings, even as former George W. Bush aide Ari Fleischer articulated the sentiment.

Wealth management expenses weigh on Morgan Stanley

Senior executives at Morgan Stanley expressed impatience with the profitability of the company's retail brokerage business on Thursday, despite reporting progress in the unit's joint venture with Citigroup's Smith Barney.

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