IBT Staff Reporter

79921-79950 (out of 154943)

Sanofi, Genzyme have agreement in principle: sources

Sanofi-Aventis SA has agreed in principle to acquire Genzyme Corp for $19.2 billion in cash plus future payments based on the performance of an experimental Genzyme drug, according to two sources with knowledge of the talks.

Fannie defends legal aid for former execs

The head of Fannie Mae and his firm's government overseer on Tuesday defended the use of millions of taxpayer dollars to pay legal bills for former executives accused of fraud.

BHP in $10 billion share buyback

BHP Billiton , the world's biggest miner, bowed to investors with plans to hand back $10 billion and pour money into expansions rather than chase ambitious takeovers, after nearly doubling its first-half profit to a record.

Work on social security reforms needed: Geithner

Treasury Secretary Timothy Geithner said on Tuesday the United States needs to put its massive pension program on a sounder footing but vowed to reject efforts to slash Social Security benefits and subject them to the whims of the stock market.

U.S. to work on social security reforms: Geithner

Treasury Secretary Timothy Geithner said on Tuesday the country needs to put its massive pension program on a sounder footing but rejected plans that would slash pension benefits and subject them to the whims of the stock market.

Dell blows past Street targets, shares jump

Dell Inc's quarterly earnings and margins blew past Wall Street's expectations as component costs slid and corporations replaced aging technology, propelling its shares 6 percent higher.

BHP Billiton to give back $10 billion to shareholders

BHP Billiton , the world's biggest miner, bowed to investors with plans to hand back $10 billion through an expanded share buyback after nearly doubling its first-half profit to a record on booming iron ore and copper prices.

Geithner: Reform Social Security but keep benefits

Treasury Secretary Timothy Geithner said on Tuesday the United States needs to shore up its massive pension program without slashing Social Security benefits or subjecting them to the whims of the stock market.

Mubarak's retreat a far cry from the real Egypt

Anyone wondering how veteran President Hosni Mubarak lost touch with Egyptian reality needs look no further than this Red Sea resort, where he took refuge after his overthrow last week by a popular uprising.

Egypt's Arafa closes factories due to strike

Arafa Holding, Egypt's biggest garment exporter, has closed its factories in Tenth of Ramadan City till February 17 due to labour strikes, the firm said in a statement on Tuesday.

Tanzania power cuts worsen after drought

Tanzania has extended nationwide power rationing after a prolonged drought led to a 230 megawatt (MW) deficit on the national grid, a senior official said on Tuesday.

Starbucks,Courtesy Products ink hotel brewing deal

Starbucks Corp will provide ground coffee for use with Courtesy Products' CV1 one-cup brewers in as many as 500,000 upscale hotel rooms in the United States beginning this autumn, the company said on Tuesday.

ING sells real estate unit to CB Richard Ellis

ING will sell most of its real estate management operations for about $1 billion to U.S.-based property broker CB Richard Ellis Group, helping the Dutch bancassurer to pay down state aid.

Zimbabwe police seize Tsvangirai's cars

Zimbabwean police have seized cars belonging to Prime Minister Morgan Tsvangirai's official escort and arrested his drivers for possessing beacon lights usually found on police vehicles, their lawyer said on Tuesday.

Verizon: We Don't Need Nokia/Microsoft

According to a report from CNET Verizon doesn't see Nokia handsets sporting the Windows Phone OS as necessary -- which could put a dent in Nokia's plans for expansion in the U.S.

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