IBT Staff Reporter

67711-67740 (out of 154942)

Biggest banks may face stiffer capital surcharge

The world's biggest banks face a capital surcharge of up to three percent in a bid to keep taxpayers off the hook next time a lender gets into difficulty, Bundesbank and industry officials said on Friday.

Washington's First CIO, Vivek Kundra to Resign in Mid August

The United States' first chief information officer (CIO) Vivek Kundra, 36, will resign and leave the Obama administration in middle of August, according to the White House. After resignation he plans to take on a fellowship post at Harvard University.

Summer 2011 Event Schedule: Manhattan, New York

They say that the city empties out in the summer, but for those ready to brave the heat, there are countless (mostly free!) events, concerts, exhibits and festivals to make it worth your while.

Hackers strike Malaysian websites for a second day

Hackers struck Malaysian websites for a second day on Friday, an Internet regulator said, as the country scrambled to bring its government portal back online after the latest outbreak in a cyberwar waged by online activists.

Wall Street rises as Greece debt plan hinted

Stocks jumped at the open on Friday after French President Nicolas Sarkozy hinted at a deal to resolve the Greek debt crisis that has hampered equities and worried investors over a possible credit dry-up.

RIM shares plummet on weak results, outlook

Shares of Research In Motion Ltd fell more than 15 percent in pre-market trade on Friday, a day after the Blackberry maker posted weak quarterly results and outlook, prompting two analysts to downgrade the stock and several others to cut their price targets.

SEC could file civil charges against some raters: report

U.S. regulators could file civil fraud charges against some credit rating agencies, and settle with more Wall Street banks, for their role in developing mortgage-bond deals that helped trigger the financial crisis, the Wall Street Journal reported, citing people familiar with the matter.

RIM Challenged, Shares Sink Sharply

As competition heats up, Canadian telecommunication company Research in Motion (RIM) is fast losing its standing in the highly competitive mobile market.

Greek PM sacrifices finance chief, appoints rival

Greek Prime Minister George Papandreou sacrificed his finance minister on Friday and put his main socialist party rival into the job in a bid to force through an unpopular austerity plan to avert bankruptcy.

Of panties and Porches: Saudi Arabia moves to empower its women

Saudi women took to the streets today to contest a fatwa banning women from driving. International media reported that there was none of the expected retaliation from Saudi police forces, expected by many analysts to blow the situation up into something more befitting an Arab nation in the Jasmine era.

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