IBT Staff Reporter

68761-68790 (out of 154953)

Trade gap narrows as Japan imports tumble

The U.S. trade deficit narrowed unexpectedly in April, as U.S. exports rose to a new record and imports from Japan tumbled more than 25 percent in the aftermath of its earthquake, tsunami and nuclear disaster, a U.S. government report showed on Thursday.

A Look at Mars: Last photo from NASA's rover Spirit

NASA recently released the last image the rover Spirit captured on its mission to Mars, revealing a rocky, hilly landscape and a world that at one time likely had hot springs, a thick atmosphere, and a water cycle.

Jobless claims rise, trade gap narrows

The number of Americans filing new claims for unemployment aid unexpectedly edged higher last week, stoking fears of a stalled economic recovery even as a separate report showed record exports in April.

Fed's Plosser: Default debate political, not economic

The debate over whether the United States should stage a mini-debt default is largely a political one, although action must be taken on the country's fiscal situation, a top Federal Reserve official said on Thursday.

Visa inks deals for mobile payments push

VISA Inc said it will acquire South African firm Fundamo for $110 million, and announced a five-year agreement with UK-based Monitise Plc, as it looks to grow its new technology-enabled payments business.

Intel invests in two Russian internet firms

U.S. chipmaker Intel announced multi-million investments in two Russian online firms on Thursday, in a fresh sign of investor confidence in growth prospects of internet businesses.

Pimco says Japan, U.S. debt losing investment appeal

Pimco cut its holdings of Japanese and U.S. government debt in the past six months due to their diminishing investment appeal, although Japan's political turmoil is unlikely to trigger a spike in yields in the near term, the top bond fund's head of Japan portfolio management said.

SEC scans Goldman, other firms' Libya dealings: report

The Securities and Exchange Commission is examining whether Goldman Sachs Group Inc and some other financial companies violated bribery laws in dealings with Libya's sovereign-wealth fund, the Wall Street Journal reported, citing people familiar with the matter.

Apple WWDC 2011: Can iCloud help iPhone 5 beat Android?

Technology giant Apple’s much awaited iCloud, which was presented by none other than Steve Jobs himself to the world as part of keynote address on the first day of Worldwide Developers Conference (WWDC) 2011, is expected to help iPhone 5 beat Google Android and breeze past Google’s own cloud-based Music Beta digital locker.

OPEC ready to act if needed, split was over data

Economics, rather than politics was behind the collapse of this week's OPEC talks and the group as a whole would act if it grew worried about oil supplies running short, a top OPEC official said on Thursday.

Visa makes $110 million buy for mobile payments push

Visa Inc said it would buy Fundamo, a South African mobile financial services firm, for $110 million in cash, as the world's largest credit and debit card processing network looks to grow its mobile payments business.

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