IBT Staff Reporter

85261-85290 (out of 154943)

Bed Bath sees strong holidays

Bed Bath & Beyond beat quarterly profit estimates and gave a strong outlook for the period covering the holidays as U.S. consumers spent more on their homes, sending its shares up.

Senators reach deal on Ground Zero bill

Sens. Kirsten Gillibrand and Charles Schumer, D-NY, have announced that the Senate has reached a deal to pass the James Zadroga 9/11 Health and Compensation Act, which will provide $6.2 billion for permanent healthcare and compensation for the approximately 20,000 Americans who are suffering from illnesses contracted while working at Ground Zero in the weeks following the terrorist attacks.

Six banks return $2.7 billion to Treasury

Six bank holding companies repaid a total of $2.7 billion in federal bailout funds they received during the financial crisis, the Treasury Department said on Wednesday.

Chemical makers upbeat on 2011, wary on Obama

Stronger consumer appetites for clothes, cars and electronics should fuel higher profits among U.S. chemical makers next year, even as executives worry that regulations may hamper long-term growth.

NATO Turns To IBM For Cloud Computing

IBM will provide cloud computing software that will consolidate and integrate technology capabilities for critical command and control programs at NATO.

Cost control lifts Walgreen profit

Walgreen Co posted higher-than-expected earnings by keeping costs in check and better managing its discounting, and its shares rose as much as 9 percent to their highest level since last year.

Hedge fund manager Falcone sued over stock swap

A lawsuit filed against Philip Falcone charges that the investor took advantage of his position in engineering a stock swap between his hedge fund and a small publicly traded company that he also controls.

Hunger and homelessness stalk U.S. cities

With the Great Recession continuing to take a toll on America’s middle class, it should come as no surprise that homelessness and hunger remain tough problems for America’s cities, as the annual report by the U.S. Conference of Mayors points out.

Existing home sales rose during November

Existing home sales in the U.S. picked up again in November, after a surprising drop during October, according to a report by the National Association of Realtors.

Apple drops WikiLeaks app, Google keeps it

Apple Inc has joined a growing number of U.S. companies that have severed ties with WikiLeaks, removing an application from its online store that gave users access to the controversial website's content.

Obama repeals military gay ban

Backdropped by the U.S. flag, and the flags of each military branch, President Barack Obama signed the repeal of the Don't Ask, Don't Tell into law on Wednesday.

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