IBT Staff Reporter

66631-66660 (out of 154947)

JD Power sees June auto sales up 2.6 percent from May

J.D. Power and Associates forecast that June U.S. auto sales will rise 8 percent from a year ago and 2.6 percent from last month, in line with statements earlier this week from General Motors Co and Ford Motor Co executives.

Stock futures near flat ahead of data

Stock index futures pared losses and were nearly flat on Friday after trading in some Italian banks was briefly suspended, raising new fears about the European debt crisis.

What is Graves’ disease?

Missy Elliot recently told People magazine she suffers from an illness called Graves' disease. Graves' disease is an ailment that affects the autoimmune system and thyroid gland.

EU appoints Draghi as new ECB head

EU leaders appointed Italy's Mario Draghi as the next president of the European Central Bank on Friday but it was unclear whether another Italian on the ECB's Executive Board would step down to smooth the process.

China accounting scandals put Big Four auditors on red

The string of accounting problems and stock plunges at publicly traded Chinese groups has sparked deep concerns across the world's biggest audit firms, putting the so-called Big Four on alert from worries that their reputation could be brought down along with a growing list of stricken companies.

First-quarter GDP revised up to 1.9 percent

Economic growth was revised modestly higher in the first quarter to account for a slightly faster pace of restocking by businesses and a smaller increase in imports, government data showed on Friday, but remained anemic.

Asia moves to tap oil reserves

Asian nations moved to release emergency oil stockpiles on Friday as part of a rare global coordinated action by consumer countries to prevent high energy prices from stunting a stuttering economic recovery.

Banks discuss new Greek rollover plan

European banks and finance officials are discussing a proposal to replace existing Greek debt with a different type of bond to get around ratings agencies' reservations about a planned rollover, two senior European banking sources said on Friday.

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