IBT Staff Reporter

74551-74580 (out of 154943)

Morgan Stanley fund fails to repay debt on Tokyo property

A Morgan Stanley property fund failed to make $3.3 billion in debt payments by a deadline on Friday, handing over the keys to a central Tokyo office building to Blackstone and other investors, the largest repayment failure of its kind in Japan.

U.S. inflation contained, bucks global price trend

Inflation accelerated in Asia and Europe in March while the United States bucked the global trend with underlying price pressures largely in check, leaving monetary policy on diverging paths around the world.

Fed's Evans says underlying inflation still low

The Consumer Price Index data for March was in line with low underlying inflation, a top U.S. Federal Reserve official said on Friday, adding it is too early to determine whether commodity price spikes are playing a role.

Ireland gets thumbs-up from EU/IMF

A Moody's downgrade and growing speculation Greece may eventually restructure its debt took the shine off Ireland's thumbs-up from the EU and the IMF Friday for its efforts to claw its way back from crisis.

Merrill Lynch boosts assets, adds advisers

Bank of America Corp's Merrill Lynch brokerage business provided a bright spot in an otherwise dismal first quarter for the bank, reporting sharply higher revenue and client assets as well as a net increase of nearly 200 financial advisers.

Schwab's profit up on higher fees; shares rise

Charles Schwab Corp , the largest U.S. discount brokerage, posted higher-than-forecast earnings as rising stock markets fueled increased trading and fees from clients, sending the stock up more than 2 percent.

Consumer sentiment rises in April: survey

U.S. consumer sentiment rose more than expected in April as worries about the impact of higher oil prices on economic growth eased slightly, a survey released on Friday showed.

Messi gets the better of Ronaldo

Lionel Messi, and not Cristiano Ronaldo, is on the way to greatness according to Barcelona and Netherlands legend Johan Cruyff.

Core inflation ticks up, may support Fed stance

Rising food and gasoline costs lifted U.S. consumer prices overall in March, but underlying inflation pressures were contained and consumers grew more confident about the economy in early April.

U.S. stages most challenging missile-defense test

The U.S. military said it shot down an intermediate-range ballistic missile target over the Pacific on Friday in the most challenging test yet of its work on a planned antimissile shield for Europe against Iran.

BofA profit drops on foreclosure delays

Bank of America Corp posted an unexpectedly sharp drop in first-quarter profit as higher expenses from delayed home foreclosures weighed on its mortgage business.

Luxury spending by rich to rise

Rich Americans are expected to spend an extra $26.6 billion on luxury goods this year but they will do so with an eye toward value as the country recovers from recession, a poll released on Friday found.

Instant view: Core inflation rises mildly

Rising food and gasoline prices lifted U.S. consumer inflation as expected in March, but underlying inflation pressures remained contained, a government report showed on Friday.

Glencore's bumper IPO paves way for deals

Top commodity trader Glencore's planned $12 billion London listing has long been seen as the first step to merging with Xstrata , in what could be the biggest mining takeover in history.

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