More From IBT Staff Reporter
AIG stock could drop as government sells off: report
Shares in American International Group could drop this year as the U.S. government sells stock it owns in the insurer, Barron's reported on Sunday.
Jan 03, 2011
Villa denies Chelsea victory in stoppage time
Chelsea were denied a victory at Stamford Bridge as Ciaran Clarke headed home a stoppage time equalizer for Aston Villa to level the scores 3-3 in Sunday's English Premier League fixture.
Jan 03, 2011
TVS Motor Company December sales grow 42 pct
TVS Motor Company has reported 42 percent growth in December sales, as compared to the same period last year. The company sold 171,790 units in December 2010 against 120,913 units in the same month of the previous year.
Jan 03, 2011
Toyota Kirloskar Motor sales up 5.47 pct in December
Toyota Kirloskar Motors on Monday said that it has registered a marginal growth of 5.47 percent in sales at 6,359 units in December.
Jan 03, 2011
iGate-Patni deal still on, delays procedural: source
U.S. software firm iGate's deal with Apax Partners for a majority stake in India's Patni Computer Services is still on the table but has been delayed due to procedural issues, a source with direct knowledge of the matter said on Monday.
Jan 03, 2011
Intel woos Hollywood studios with new microchip
Intel Corp's new microchips, touted as its biggest-ever leap in processing power, include built-in content protection to make it safer for Hollywood studios to offer premium movies to consumers over their personal computers.
Jan 03, 2011
Stock futures rise on China PMI; factory data on tap
U.S. stock index futures rose on Monday on hopes the rally will continue in the new year as economic conditions continue to improve and as Chinese factory inflation tempered concerns of more monetary tightening.
Jan 03, 2011
BofA to take $3 billion mortgage settlement charge
Bank of America Corp agreed to settle outstanding claims on poorly underwritten mortgages it sold to government sponsored entities Fannie Mae and Freddie Mac, and said it will put aside $3 billion in the fourth quarter related to the claims.
Jan 03, 2011
Stock futures advance to kick off 2011; factory data due
Sock index futures rose on Monday, signaling a belief by investors the rally will continue in the new year as economic conditions continue to improve.
Jan 03, 2011
GM India post 2.54 pct jump in Dec sales
General Motors India on Monday said its sales grew by 2.54 percent to 8,468 units in December, 2010, from 8,258 units in the same month of the previous year.
Jan 03, 2011
Hyundai Motors India production touches 600,000 units in 2010
Hyundai Motor India Ltd on Thursday achieved a milestone by reaching the production of 600,000 units, the highest since inception in a calendar year.
Jan 03, 2011
Hyundai Motors India Dec sales remain flat
Hyundai Motors India Ltd. (HMIL), the second largest car maker and the largest car exporter in the Indian market, sold a total of 47,228 units during this month as compared to 47,217 units during the same period year ago.
Jan 03, 2011
Tata Motors sales up 31 pct in December
Tata Motors' total sales (including exports) of commercial and passenger vehicles in December 2010 were 67,441 vehicles, a growth of 31% over 51,627 vehicles sold in December 2009.
Jan 03, 2011
We treat our teachers like they are interchangeable widgets: Rhee
Michelle Rhee talks of ineffective and arcane human capital policies in education on NBC
Jan 03, 2011
China will continue to buy Spanish debt: vice premier
Chinese officials have faith in Spain's financial system and will continue to take part in government debt auctions, China's Vice Premier Li Keqiang wrote in an editorial in El Pais on Monday.
Jan 03, 2011
Now, Facebook is valued at $50 bln as Goldman Sachs invests $500 mln
Social networking site Facebook is now valued at $50 billion taking it ahead of companies eBay, Yahoo and Time Warner as it raised $500 million from Goldman Sachs and a Russian investor.
Jan 03, 2011
Apple woes continue as some oversleep in Asia and Europe
Some iPhone users in Asia and Europe complained of malfunctioning alarms on the first working day of 2011, even after Apple reassured users that its phones' built-in clocks will work from Monday.
Jan 03, 2011
Small business borrowing jumps again: PayNet
Borrowing by small U.S. businesses jumped in November to the highest level in more than two years, PayNet Inc reported on Monday, as entrepreneurs invested in their businesses and did a better job of paying existing debts.
Jan 03, 2011
Futures point to higher open for Wall Street
Stock index futures pointed to a stronger start for Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq up 0.5 to 0.7 percent by 0913 GMT (4:13 a.m. ET) on the first trading day of the year.
Jan 03, 2011
Apple's iPhone woes continue as some in Asia sleep in
Some iPhone users in Asia complained of malfunctioning alarms on the first working day of 2011, even after Apple reassured users that its phones' built-in clocks will work from Monday.
Jan 03, 2011
iGate cancels briefing; Patni deal was expected
U.S. software company iGate said it canceled a press conference it had scheduled for Monday, at which it was expected to announce a deal with Apax Partners for a majority stake in India's Patni Computer Services for more than $900 million.
Jan 03, 2011
Asia factory output powers ahead but inflation worries
Asian factory output powered ahead in December to underline emerging markets' lead in the global recovery although data showed an increasing inflation threat in the region even as growth is tepid in developed economies.
Jan 03, 2011
Qualcomm to build $1 billion panel plant in Taiwan
U.S.-based Qualcomm Inc will invest nearly $1 billion in Taiwan this year to build a display plant to tap growing demand for new portable devices including electronics reading devices.
Jan 03, 2011
Oil extends rally above $91 on optimism, eyes U.S. data
Oil extended its rally above $91 a barrel on Monday on optimism the global economic rebound is gathering momentum, which could drive demand growth and send prices above $100 later this year.
Jan 03, 2011
Nintendo warns children not to play new player in 3D
Nintendo Co has warned children six years old or younger should not play games in 3D mode on a new 3D-capable handheld game player slated for an early 2011 debut, citing possible health risks.
Jan 03, 2011
Hyundai, Kia eye 10 percent 2011 sales rise after strong Dec
Hyundai Motor Group <005380.KS> and its affiliate Kia Motors <000270.KS> aim to boost vehicle sales by 10 percent this year after robust December sales, as the sector shows a gradual recovery, led by China and the United States. Hyundai Motor shares rose 2 percent on Monday, while shares in Kia Motors jumped 3.75 percent in a broader market <.KS11> up 0.9 percent, with Hyundai ex...
Jan 03, 2011
Borders distributor halts shipments to chain: report
Book distributor Rowman & Littlefield Publishing Group Inc temporarily stopped shipping books to Borders Group Inc after the bookstore chain said it would delay payments to some vendors, The Wall Street Journal reported on Sunday.
Jan 02, 2011
Google exploring digital newsstand: report
Google Inc has approached several magazine publishers about creating a digital newsstand, in a move that could open a new front in the Internet company's rivalry with Apple Inc, according to a news report.
Jan 02, 2011
CES gadget fest sizzle fizzles
Some 125,000 attendees descending on the annual tech gadget confab in Las Vegas this week can be forgiven for feeling as if they have traveled back in time.
Jan 02, 2011
Expedia dumps American Airlines listings
Online travel agency Expedia Inc has dropped tickets for American Airlines from its listings, charging that the airline's new commercial strategy is anti-consumer and anti-choice.
Jan 02, 2011
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