IBT Staff Reporter

75631-75660 (out of 154943)

Oil at fresh 2-1/2 year high on unrest

Oil prices rose to fresh 2-1/2 year highs on Tuesday, with Brent crude topping $122 a barrel as unrest in oil exporting countries in the Middle East and Africa outweighed China's fourth interest rate hike since October.

Texas Instruments to buy NatSemi for $6.5 billion

Texas Instruments Inc is buying National Semiconductor Corp for $6.5 billion, paying a rich 78 percent premium to merge two of the industry's oldest firms into a dominant force in analog microchips used in products ranging from phones to cars.

Mercedes-Benz recalls U.S. M-Class vehicles

Daimler AG's Mercedes-Benz is recalling 136,750 M-Class and M-Class AMG vehicles in the United States made from 1999 to 2004 for issues related to cruise control that may lead to a crash, U.S. federal safety regulators said.

China ups rates 4th time since October

China's central bank increased interest rates on Tuesday for the fourth time since October, raising suspicions that data next week may show inflation rose more than expected in March.

Oil holds near 2-1/2 year high on unrest

Oil prices held near 2-1/2 year highs on Tuesday, with Brent crude topping $121 a barrel as unrest in oil exporting countries in the Middle East and Africa outweighed China's fourth interest rate hike since October.

House Seeks One Week Budget Extension and Cuts to Avoid Shutdown

The head of the House of Representatives' appropriations committee introduced a one-week budget stopgap funding measure late Monday, seeking $12 billion in cuts do discretionary spending, as negotiations and the process of obtaining a six-month deal threaten to go beyond an April 8 deadline.

Nasdaq to rebalance index, cut Apple weighting

Exchange operator Nasdaq OMX Group will rebalance its benchmark Nasdaq 100 index, cutting the weighting of widely held stocks, such as Apple Inc, and causing volatility as investors adjust their portfolios.

China rate hike, Apple weigh on futures

U.S. stock index futures fell on Tuesday after China, a main source of global growth, raised its interest rates, while Apple shares fell after the stock's weight in a widely followed index was cut.

Oil dips, but holds near 2-1/2 year high

Oil prices fell on Tuesday but held near 2-1/2 year highs, with Brent remaining close to $121 a barrel on unrest in oil exporting countries in the Middle East and Africa.

Oil dips but holds near 2-1/2 year high

Oil prices fell on Tuesday but held near 2-1/2 year highs, with Brent remaining close to $121 a barrel on unrest in oil exporting countries in the Middle East and Africa.

Driving costs rise 3.4 pct: study

A new study has showed a 3.4 percent rise in the yearly costs to own and operate a sedan in the United States, due to relatively large increases in fuel, tire and depreciation costs.

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