IBT Staff Reporter

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Oil rises on Egypt tensions, stocks fall

World stocks fell for the third straight day on Friday partly on growing tensions in Egypt after President Hosni Mubarak disappointed protesters hoping he would resign, though oil and the dollar advanced. Partly because of the Egypt crisis, Asian stocks were on the course for their biggest weekly loss in nine months, but European shares were more resilient, on track for a second straight week of g...
Feb 11, 2011

Renault's Kubica out of intensive care

Formula One racing team Lotus Renault's driver, Robert Kubica, has been released from intensive care following an accident in the Ronde di Andora rally Italy on Sunday
Feb 11, 2011

TMX buys stake in Australia's MinesOnline.com

Canadian exchange operator TMX Group (X.TO), which is the target a friendly takeover by the London Stock Exchange (LSE.L) said on Thursday it has taken a 50 percent stake in Australia's PCF MinesOnline.com Ltd.
Feb 11, 2011

Oil price surge to boost Total profits

Soaring oil prices will help France's Total (TOTF.PA) produce bumper annual profits on Friday, when investors hope for details on how much Europe's third-largest oil group will invest to revive output.
Feb 11, 2011

S&P: Aust CMBS Portfolios have small exposure to flooded areas

Properties underlying Australian commercial mortgage-backed securities (CMBS) experienced minimal disruption as a result of the recent flooding and cyclone experienced in Queensland, Australia, according to Standard & Poor's Ratings Services.
Feb 11, 2011

Australia sugar industry looks to recovery after cyclone

About a quarter of Australia's sugar cane crop may have been destroyed after Cyclone Yasi tore through key growing areas, with the damage exacerbating already tight global supplies and helping push U.S. futures to three-decade highs last week.
Feb 11, 2011

Has Mubarak left Cairo?

Egypt's three decade ruler Hosni Mubarak has fled the country Egypt and noted that the address he is scheduled to deliver in a few hours is taped, according to Ahlul Bayt News Agency news agency.
Feb 11, 2011

2012 Mercedes-Benz C-Class pictures leaked

The German luxury carmaker Mercedes Benz is yet to unveil the new 2012 Mercedes-Benz C-Class Coupe officially, but has selectively leaked a few of its pictures.
Feb 11, 2011

Deutsche Boerse-NYSE deal faces antitrust snags

Deutsche Boerse AG's planned takeover of NYSE Euronext faces intense scrutiny from German regulators and European antitrust authorities, potentially imperiling the blockbuster exchange tie-up.
Feb 11, 2011

Asia stocks set for worst weekly drop in 9 months

Asian stocks fell more than a percent and were on course for their biggest weekly loss in nine months as investors shunned risk on concerns about the pace of policy tightening in the region and growing tensions in Egypt.
Feb 11, 2011

Dynegy tries to sell Icahn bid to shareholders

Dynegy Inc defended its attempt to sell itself for $665 million to billionaire Carl Icahn, arguing on Thursday that weak market conditions could force the power company into a liquidity crisis if the deal was not completed.
Feb 11, 2011

Asia shares set for worst weekly drop in 9 months

Asian stocks fell on Friday and were on course for their biggest weekly loss in nine months, as investors shunned risk on concerns about the pace of policy tightening within the region and escalating tensions in Egypt.
Feb 11, 2011

McConnell Mocks Democrats' Reagan Tributes

Sen. Mitch McConnell said Democrats' recent tributes to late President Ronald Reagan on his 100th birthday were an attempt to draw attention away from thei policies over the past two years.
Feb 10, 2011

Final tanker bids land; budget questions loom

Boeing Co submitted a final proposal in its politically sensitive rematch against Europe's EADS to build a potential $50 billion fleet of U.S. Air Force refueling aircraft.
Feb 10, 2011

McConnell says health care repeal is long-term fight

Sen. Mitch McConnell R-KY on Thursday urged conservatives to stick to their principles and realize that battles over issues such as reform for health care or campaign finance required a long-term, lifetime commitment effort to get right.
Feb 10, 2011

Kraft cuts profit goal, commodities weigh

Kraft Foods Inc lowered its 2011 forecast for earnings growth, as it expects some consumers to be put off by price increases it will take to offset soaring commodity costs.
Feb 10, 2011

Kinder Morgan's upsized IPO raises $2.86 billion

Pipeline company Kinder Morgan Inc sold more shares and priced them above the expected range, an underwriter said on Thursday, raising about $2.86 billion in the largest U.S. energy initial public offering since 1998.
Feb 10, 2011

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