IBT Staff Reporter

81631-81660 (out of 154948)

When Gold Bullion Fails

Whatever your finance advisor, economics professor, banker or coin dealer might tell you, no single asset class - bought today - can promise to hold or grow its value, year after year, until precisely the day when you need to sell it and spend.

Below-par BP earnings reignite growth worries

BP reignited doubts about its ability to return to growth on Tuesday as below-forecast profit, disappointing production guidance and new oil spill charges overshadowed the oil major's return to dividend payouts.

Google launches Twitter workaround for Egypt

Google Inc launched a special service to allow people in Egypt to send Twitter messages by dialing a phone number and leaving a voicemail, as Internet access remains cut off in the country amid anti-government protests.

Stock futures higher as attention turns to economy

U.S. stock index futures advanced on Tuesday as investors turned their attention from the geopolitical tremors in the Middle East to data they hope will provide insight into the state of the U.S. economic recovery.

FDA rejects Orexigen's weight-loss drug

The U.S. Food and Drug Administration (FDA) has rejected Orexigen Therapeutics Inc.'s weight-loss drug Contrave on concerns over heart safety issues. Following the announcement, shares of the California-based company plunged nearly 72 percent in Tuesday's pre-market trade to $2.52.

Google touts game changer in online art viewing

Google aims to bring the world's great art galleries into the home with a new website that offers virtual tours using Street View technology, the ability to build private collections and ultra-high resolution images.

UPS profit tops estimates, sees record in 2011

United Parcel Service, the world's largest package delivery company, reported a quarterly profit that beat estimates and forecast record-high profits in 2011, sending its shares up nearly 3 percent on Tuesday in premarket trading.

Pfizer trims 2012 sales view and cuts R&D spending

Pfizer Inc cut its sales forecast for 2012, the first full year its $10 billion-a-year Lipitor cholesterol fighter faces cheaper U.S. generics, but slashed its research budget to keep its profit view intact that year.

Israel shocked by Obama's betrayal of Mubarak

Israel is angry at U.S. President Barack Obama for not supporting Egypt's falling dictator Mubarak and legitimating the people's outcry for democracy and freedom instead. This is seen as a threat to Israel's geopolitical interests in the Middle East.

Gold opens February with gains

Gold rose in Europe on Tuesday as the dollar index hit a 12-week low and geopolitical tensions centered on Egypt added risk premium to prices, with Asian demand for coins and bars after January's price drop adding support.

Centamin Egypt says ops unaffected by unrest

Miner Centamin Egypt said its operations were unaffected by the political unrest as momentum continues to build in Egypt, while it forecasts higher production in 2011. Egypt-focused stocks have come under the spotlight as protestors demand an end to the 30-year-rule of President Hosni Mubarak.

Chains to report chilly end to holidays

U.S. retailers are poised to show only a modest rise in January sales as record snow in many parts of the United States kept shoppers away from malls and crimped demand for early spring merchandise.

M&M in final stages of Ssangyong buy

Mahindra & Mahindra inched closer to establish its presence in southeast Asia, with an executive saying the company will make full payment by Feb. 7 for South Korea's Ssangyong Motor buy.

BSE Sensex drops to 5-mth low, Reliance falls

The BSE Sensex fell 1.7 percent on Tuesday to its lowest close since August, extending January's worst monthly slide in more than two years, as inflation worries and hardening interest rates continued to spook investors.

Joblessness, rising prices could spark war within

The world economy is beset by problems such as high unemployment and rising prices which could fuel trade protectionism and even lead to war within nations, the head of the International Monetary Fund warned on Tuesday.

Diabetes spreading fast in US, CDC says

The number of Americans with diabetes have increased to nearly 26 million as more people are developing the disease and many who have it are living longer, says the Centers for Disease Control and Prevention (CDC).

Joblessness, rising prices may fuel unrest: IMF chief

The world economy is beset by problems such as high unemployment and rising prices which could fuel trade protectionism and even lead to war within nations, the head of the International Monetary Fund warned on Tuesday.

Infineon, ARM shine; see steady growth

German chipmaker Infineon and British chip designer ARM Holding expect semiconductor demand to remain robust after a strong quarter, signaling stability for the notoriously volatile sector.

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