IBT Staff Reporter

69601-69630 (out of 154947)

Gold and Stocks Fall As Weak Climate Keeps QE3 On The Table

The Gold Price climbed to $1544 per ounce Thursday morning but then dropped sharply to $1520 and stabilized at $1532 per ounce, while stocks, commodities and US Treasuries were all hit after worse-than-expected US economic news and a further downgrade for Greece.

IBM sees strong growth in Africa for IT sector

International Business Machines said on Thursday it expects Africa to be a strong growth area for the information technology business over the next five years, thanks to growth in banking and telecoms.

Gazprom set for more after huge India deals: source

Russian gas exporter Gazprom, having just signed a trio of deals in India that could be worth over $90 billion, now has it sights on the markets of Europe and North America, a source close to the company said on Thursday.

Schiavone Vs Li Na in French Open Final

Defending French Open Women's Champion Francesca Schiavone will face China's Li Na in the final at Roland Garros after both overcame their semifinal opponents.

New York Times Appoints Abramson as First Woman Editor

The New York Times announced that current managing editor Jill Abramson will be the newspaper's next executive editor. Bill Keller, the executive editor for the last eight years, resigned from his post and will write a weekly column for a new Sunday opinion section.

Nervous investors eye key level in choppy trade

The S&P 500 traded at a six-week low, taking out its lowest point for May at 1,311.80, as nervous investors focused on key market levels to manage risk a day after stocks' worst one-day fall in nearly a year.

Jets' Pouha films reality show for YouTube

New York Jets fans hungry for news about the team during the lockout have a new way to while the time away until the labor dispute is settled. Jets defensive tackle Sione Pouha is filming himself for a homemade reality TV show on YouTube.

Geithner to meet Republican skeptics on debt limit

Treasury Secretary Timothy Geithner meets an influential group of freshman Republican lawmakers on Thursday to try to improve chances that Congress will increase his borrowing authority and prevent a government default.

Output increase in the air as OPEC tackles turmoil

OPEC could next week agree its first formal increase in supply targets since 2007 when it meets to hammer out its response to Arab world turmoil, extreme market volatility and pressure from the West for action.

Finally, Sony PlayStation Store is Back

Sony's PlayStation Store is back online and now users can buy games and movies, rent movies, and download other for the PlayStation 3. Music Unlimited by Qriocity, Sony's streaming music service, is also back online.

NY prosecutors subpoena Goldman Sachs

Goldman Sachs Group received a subpoena from New York prosecutors seeking information on the investment bank's role leading into the global financial crisis, a person familiar with the matter said.

Greece to present new austerity plan

Greece intends to present a fresh austerity plan Friday and expects its next aid tranche to flow, a government official said, after Moody's cut the country's credit rating deep into junk territory.

Stocks flat on retail weakness

Stocks were little changed on Thursday, a day after suffering their biggest losses in nearly a year, as a slight improvement in weekly jobless claims failed to impress and chain-store sales were lackluster.

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