IBT Staff Reporter

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Lifeline for Saab as carmaker wins Chinese order

Swedish Automobile , the parent company of ailing carmaker Saab, was given a glimmer of hope after winning an order for new cars that will enable it to pay wages and suppliers and resume production.
Jun 27, 2011

China's Wen signals doubt inflation goal can be met

Chinese Premier Wen Jiabao signaled for the first time that China would struggle to meet its 4 percent inflation target this year, underlining expectations that interest rates will rise further even as economic growth slows down.
Jun 27, 2011

Consumer spending flat in May as auto sales slump

Consumer spending was unchanged in May for the first time in almost a year, likely reflecting a plunge in auto sales, according to a government report on Monday, that also showed a build-up in underlying inflation pressures.
Jun 27, 2011

Wall St higher as investors bet on Greece plan

Stocks rebounded from three days of losses on Monday as investors bet there would be a near-term resolution to some of the uncertainty over Greece's fiscal crisis, but the absence of a firm plan could limit the market's upside.
Jun 27, 2011

Time running out on LSE bid for TMX

The odds are stacked against the London Stock Exchange in its bid to take over the operator of Canada's biggest stock exchange, amid vocal endorsements for its made-in-Canada rival from investors, a billionaire activist and provincial politicians.
Jun 27, 2011

Delta expects second quarter profit

Delta Air Lines Inc expects a solidly profitable second quarter as higher revenues have for the most part offset rising fuel costs.
Jun 27, 2011

Berlin, Beijing to talk euro

Germany and China will discuss the euro and world currency system reforms during a visit by Premier Wen Jiabao, a German government source said, as Berlin said it would welcome more Chinese firms as long-term investors.
Jun 27, 2011

Wimbledon Day 7 Live Coverage

Live Coverage of all the Wimbledon action on day 7 as all 16 of men's and women's fourth-round ties take place.
Jun 27, 2011

China audits local government finances in debt clean-up

China released a comprehensive review of the massive debt of its local governments on Monday and curtailed their future borrowing, taking its first major step to prevent widespread defaults from destabilizing its vast economy.
Jun 27, 2011

Wall St futures point to gains for equities

Stock index futures signaled a stronger start for equities on Wall Street on Monday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq up 0.1 to 0.2 percent by 0854 GMT.
Jun 27, 2011

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