IBT Staff Reporter

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More manufacturers warn of rising input costs

The threat that rising input prices pose to corporate profit margins was highlighted again as a number of U.S. manufacturers, including Emerson Electric Co and Paccar Inc, reported quarterly earnings.
Feb 01, 2011

Mubarak to step down in months, protesters defiant

Egyptian President Hosni Mubarak vowed to step down at the next election, would stay on to enact reforms in the next few months, and said authorities would pursue those responsible for destructive acts and looting and violence during the protests.
Feb 01, 2011

Sanofi puts Genzyme at low $70s plus payout: source

France's Sanofi-Aventis has agreed to raise its bid for Genzyme Corp to the low $70s-per-share range, plus a milestone payment based on the performance of an experimental drug, a source familiar with the situation said.
Feb 01, 2011

U.S. should support democracy, says professor

The U.S. would be foolish not to support the formation of a new democracy in Egypt, says Rutgers University political science professor and Middle Eastern specialist, Eric Davis.
Feb 01, 2011

Dow and S&P end at highest since June 2008

The Dow and S&P 500 closed at their highest levels since June 2008 on Tuesday and looked poised for more gains after strong earnings and signs of a surge in U.S. manufacturing.
Feb 01, 2011

Factories boom in January as inflation signs rise

The manufacturing sector grew at its fastest pace in nearly seven years in January and signs of inflation jumped more than expected as a recovery in the world's biggest economy gained traction.
Feb 01, 2011

Dow hits 12,000 as stocks rally

The Dow and S&P 500 closed at their highest levels since June 2008 on Tuesday and looked poised for more gains after strong earnings and signs of a surge in U.S. manufacturing.
Feb 01, 2011

GM, Chrysler lead as U.S. auto sales rise

U.S. auto sales jumped by about 18 percent in January, led by gains for General Motors Co and Chrysler as the two Detroit automakers restructured by the U.S. government took share from rivals.
Feb 01, 2011

Dow eyes close above 12,000 as Wall St rallies

U.S. stocks climbed on Tuesday on signs U.S. manufacturing surged and Pfizer Inc and UPS Inc posted strong results, sending indexes above key levels as market momentum strengthened.
Feb 01, 2011

Manufacturing jumps in January, inflation rises

The U.S. manufacturing sector grew at its fastest pace in nearly seven years in January and signs of inflation jumped more than expected as the world's biggest economy gained traction.
Feb 01, 2011

Sanofi values Genzyme at low $70's plus CVR-source

France's Sanofi-Aventis has agreed to raise its bid for Genzyme Corp to the low $70's per share range, plus a milestone payment based on the performance of an experimental drug, a source familiar with the situation said.
Feb 01, 2011

GM January sales up 22 percent

General Motors Co posted a 22 percent rise in sales for January, outperforming expectations for the market as a whole on gains in demand for its pickup trucks.
Feb 01, 2011

Obama to meet with tech company CEOs on Tuesday

President Barack Obama will meet with a group of technology company chief executives on Tuesday as part of his effort to mend ties with the business community and find ways to create jobs.
Feb 01, 2011

BP's Rosneft deal blocked as results fall short

BP's existing Russian partners won a UK court bar on its planned Arctic oil venture with state-controlled Rosneft on Tuesday, prompting conciliatory offers from the British oil company.
Feb 01, 2011

DLA Piper to become Wal-Mart of law firms

DLA Piper is all set to emerge as the largest law firm in the world in terms of revenues and the number of lawyers, after it merges with its Australian partner DLA Phillips Fox.
Feb 01, 2011

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