IBT Staff Reporter

65131-65160 (out of 154947)

Wall Street rallies on jobs data, retailers

Wall Street jumped on Thursday after signs of life in the labor market and strong sales at some U.S. retailers lifted optimism in the economy ahead of Friday's key June jobs report.

Obama, lawmakers search for debt compromise

President Barack Obama and congressional leaders searched on Thursday for ways to break a deadlock over spending and taxes, and there were some glimmers of a potential compromise that would avoid a debt default.

Analysis: UBS review adds fuel to restructuring hopes

UBS AG's admission that it may not reach profit goals and that new regulation has changed the game in investment banking is likely to fuel further doubts over its ambitions in fixed income, where it still trails rivals.

Greek bond buybacks on table in latest bank talks

ROME, July 7 - International banks, under pressure from European governments to help with another Greek bailout, discussed buying back the country's bonds in another attempt to stitch together a rescue plan after a French initiative failed.

ECB signals more rate rises to come, helps Portugal

The European Central Bank raised interest rates for the second time in three months on Thursday and signaled a further hike is likely this year to tackle inflation despite the intensifying euro zone debt crisis.

Bankers struggle to agree role in Greek aid package

International bankers and European Union officials failed to make progress on Thursday in securing a private sector contribution to a second bailout of Greece and bond yields climbed on concern about the scheme.

NYSE shareholders back D.Boerse deal

NYSE Euronext shareholders approved a $9.6 billion takeover of the American exchange operator by Germany's Deutsche Boerse AG on Thursday, moving the focus across the Atlantic where the deal faces its toughest battles.

Obama, lawmakers aim for big things in debt talks

President Barack Obama and congressional leaders searched on Thursday for ways to break a deadlock over spending and taxes, and there were some glimmers of a potential compromise that would avoid a debt default.

Instant view: Private payrolls up in June

U.S. private employers added far more jobs than expected in June, bouncing back from a surprise slump the month before, a report by a payrolls processor showed on Thursday.

NYSE shareholders embrace D. Boerse merger

The New York Stock Exchange, an icon of American capitalism, moved closer to ceding control to a German company on Thursday after investors threw their support behind a $9.4 billion takeover by Deutsche Boerse AG .

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