IBT Staff Reporter

82561-82590 (out of 154943)

Intel boosts buyback funds as shares underperform

Intel Corp authorized another $10 billion to buy back its shares, which have been under pressure in recent months from concerns that the giant chipmaker is falling behind in the exploding mobile market.

Corrected: Morgan Stanley results beat; Smith Barney pays off

(Corrects Jan 20th story throughout to reflect that Thomson Reuters I/B/E/S changed forecast EPS figure to 37 cents a share from 35 cents, and adjusted actual EPS figure to 43 cents from 26 cents. The bank therefore beat expectations for profits, rather than missing them. The error first appeared in UPDATE 4)

Judge temporarily delays loan document shredding

A U.S. bankruptcy judge temporarily blocked bankrupt subprime lender Mortgage Lenders Network USA from destroying 18,000 boxes of original loan files after federal prosecutors said documents in them may be needed as evidence in more than 50 criminal investigations.

Luxottica sees solid 2011 after record year

Luxottica , the world's biggest premium eyewear group, expects a solid 2011 after stronger demand for luxury brands, especially in the United States and Asia, boosted 2010 sales to record levels.

Nvidia shares extend rally after Barron's article

Shares of chip designer Nvidia extended their rally after a Barron's article highlighted its newly launched mobile chips for tablets and smartphones and the growing importance of its graphics technology.

Gold edges up as price drop attracts buyers

Gold rose on Monday as lower prices after the metal's third consecutive weekly loss attracted some buyers back to the market, but a more optimistic view of global growth still limited fresh investment.

Steel Dynamics profit lags Street on lower volumes

Steel Dynamics Inc's quarterly fell short of Wall Street estimates for the third successive time on lower flat rolled volumes and pricing, but the fifth-largest U.S. steelmaker said it expects 2011 to be favorable.

Treasury's toxic asset funds gain 27 percent

The U.S. Treasury's toxic asset funds have gained 27 percent since they were created to help revive the mortgage-backed securities market, according to data expected to be released later on Monday.

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