IBT Staff Reporter

70411-70440 (out of 154942)

Nasdaq's failed NYSE bid a brief interlude: CEO

Nasdaq OMX Group's <NDAQ.O> failed bid for long-time rival NYSE Euronext <NYX.N> was a brief interlude for management and a disappointment, and now the exchange is moving on, its chief executive said on Thursday.

Corporate profits drop in Q1, GDP unrevised

Corporate profits in the U.S. unexpectedly contracted in the first quarter to record their first decline in more than two years and the economy grew at the same pedestrian pace as previously estimated, a government report showed on Thursday.

Economy struggling to regain speed

Unexpectedly weak consumer spending kept the economy stuck in a slow growth gear in the first quarter and would likely struggle to regain speed amid signs of a slowdown in the pace of job creation.

New York Ends Practice of Scrubbing Regents

One month before Regents exams begin, New York State education officials have decided to end the practice of rescoring tests to turn a just-failing grade into a passing grade.

Instant view: Jobless claims up; GDP unrevised

New U.S. claims for unemployment benefits unexpectedly climbed to 424,000 last week from a revised 414,000 in the prior week, pointing to a painfully slow improvement in the nation's job markets.

Jets may hold camp at NJ headquarters

The New York Jets may not hold their training camp on the campus of SUNY-Cortland, in upstate New York, because of the lockout, instead training at their headquarters in Florham Park, New Jersey.

Lenovo quarterly net profit more than triples

Lenovo Group Ltd, the world's No.4 PC brand, more than tripled its fourth-quarter net profit, beating forecasts on robust demand from commercial customers and making up for a slowdown in the consumer sector.

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