IBT Staff Reporter

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Successful Spanish bond sale calms eurozone jitters

Spain and Italy staged successful bond sales on Thursday, buying European leaders a little time to come up with a new package of measures to stem the debt crisis rocking their 12-year old single currency bloc.

World Bank: Rich nations' growth lags need for jobs

Economic growth in the world's wealthier nations is still too slow to create enough jobs for the tens of millions who lost their during the worst global recession since World War Two, the World Bank said on Wednesday.

'Off the Map', a medical drama in the Jungle

The new show, 'Off the Map', even though an amalgamation of other medical dramas like 'Private Practice', 'Grey's Anatomy' and 'ER', will have a different setting - the jungles of South Americas - hence making the drama more outdoorsy

Banks to meet on AIG, recap to close this week

Banks will meet in New York City Thursday to make their case for the right to sell the U.S. Treasury's stake in American International Group, three people familiar with the matter said Wednesday.

Bond auctions, package plan ease euro jitters

Spain followed Portugal with a successful debt sale on Thursday and investors showed growing confidence that governments would agree bold new measures to stem the euro zone's debt crisis.

KKR potentially interested in Sara Lee: sources

Kohlberg Kravis Roberts & Co is potentially interested in Sara Lee and could possibly partner with an interested party as bidders emerge for the food group, two sources familiar with the situation said on Wednesday.

Stock futures flat ahead of jobless data, Intel results

U.S. stock index futures were little changed on Thursday, coming off a broad rally in the previous session, as investors looked ahead to labor market data and results from Intel, the first major technology company to report.

Infosys adds 5,311 staff in Q3, headcount now at 127,779

India’s second biggest software services company Infosys Technologies Ltd on Thursday said its attrition rate for the October-December quarter has shot up on an annualized basis, but that it had added 5,311 employees to take its total headcount to 127,779.

Infosys Q3 net profit up 14 pct, misses Street view

India’s second biggest software services company Infosys Technologies Ltd reported a 14 percent rise in its third-quarter net profit missing analysts expectations, sending its shares down by more than 4 percent.

South Korea steps up inflation battle, raises rates

South Korea raised interest rates on Thursday, surprising markets, and unveiled a set of measures to contain mounting inflation as policymakers around the world battle surging prices of food and other commodities.

RIM says gives India solution for Messenger access

BlackBerry-maker Research In Motion said on Thursday it had given a solution to India ahead of a January 31 target date for access to consumer services including BlackBerry Messenger, but reiterated that no changes can be made to the security system for corporate emails.

Luxury spending grows, wealthy are happy: survey

Spending on luxury goods by affluent Americans is forecast to grow by $28 billion in 2010, experts said on Wednesday, and the wealthy are happy despite most believing the United States is still in recession.

Tata Steel, L&T, Lakshmi Machine get FDI nod

Tata Steel, the world's No. 7 steelmaker, has received government approval to raise 11 billion rupees through issue of warrants to overseas investors, the Press Information bureau said in a statement on Thursday.

At least 270 dead in Brazil floods, landslides

Floods and landslides devastated several mountain towns near Rio de Janeiro on Wednesday, killing at least 257 people as torrents of water and mud swept through the region, burying many families as they slept.

Stock index futures dip; Intel earns eyed

U.S. stock index futures pointed to a slightly lower open on Wall Street on Thursday, with futures for the S&P 500 down 0.15 percent, Dow Jones futures down 0.02 percent and Nasdaq 100 futures down 0.03 percent at 1:46 a.m. EST.

U.S. criticized over Chrysler Financial settlement

The U.S. Treasury may not have fully vetted the settlement of its interest in Chrysler Financial last year and not gotten a strong enough return for taxpayers, a bailout watchdog said in a report on Thursday.

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