IBT Staff Reporter

85321-85350 (out of 154943)

World Bank cuts Ivorian financing as crisis deepens

France asked its citizens to leave Ivory Coast and the World Bank froze funding to the West African state on Wednesday, as a violent power struggle deepened between incumbent Laurent Gbagbo and his rival presidential claimant Alassane Ouattara.

BoE panel still split three ways over monetary policy

Members of Bank of England's policy panel continue to be split three ways over new policies to contain inflation and spur economic growth, according to the minutes released by the Monetary Policy Committee on Wednesday.

Third-quarter growth revised up to 2.6 percent

Economic growth was a touch higher than previously estimated in the third quarter, but below expectations as a rise in the pace of inventory accumulation was offset by downward revisions to consumer spending, a government report showed on Wednesday.

S&P 500 edges higher as financials gain

Stocks edged higher on Wednesday as financial stocks helped extend four days of gains that drove the S&P 500 to levels not seen since before Lehman Brothers went bankrupt two years ago.

Red Hat outlook beats Wall Street view

Business software maker Red Hat Inc issued an outlook for profit and revenue above Wall Street projections on Tuesday, echoing optimism about the technology spending climate shown by bigger industry companies last week.

FDA Clears Medtronic's Abdominal Aneurysm Device

Medtronic Inc. (NYSE:MDT) announced that the U.S. Food and Drug Administration (FDA) approved the medical technology company's device to treat abdominal aneurysm, a blood-filled bulge or ballooning in a part of aorta that runs through abdomen.

S&P 500 set to inch higher at open

S&P 500 stock index futures edged higher on Wednesday as traders looked to extend four days of gains that drove the S&P 500 to levels reached just before Lehman Brothers went bankrupt two years ago.

Toyota Motor aims 7.7 mln vehicle sales in 2011

Toyota Motor Corp on Tuesday said that it expects to sell 7.7 million vehicles worldwide next year, up 3 percent from 2010, by tapping emerging markets Asian markets, such as China and India.

TD Bank to acquire Chrysler Financial for $6.3 bln

Toronto-Dominion Bank has agreed to buy Chrysler Financial from private equity firm Cerberus Capital Management, L.P. (Cerberus) for $6.3 billion in cash, part of a major expansion of Canadian banking behemoths into the United States.

Japan sees bleak export conditions

Japan's economic recovery seems to be pausing, though there are signs of a moderate recovery, the Bank of Japan said in a statement on Wednesday.

Futures flat after big run-up

Stock index futures were flat on Wednesday after fours days of gains drove the S&P 500 to new highs, leaving the index near levels reached just before Lehman Brothers went bankrupt two years ago.

Others may follow Deutsche U.S. tax fraud deal

Deutsche Bank's settlement of a U.S. tax fraud case has raised expectations of similar deals being struck by other banks, although there was relief that the $553.6 million cost to the German bank would not hit its earnings.

Rio Tinto near deal on $3.8 billion Riversdale bid: sources

Anglo-Australian miner Rio Tinto is finalizing a $3.8 billion takeover bid for Africa-focused Riversdale , according to two sources, upping an earlier offer as it seeks to gain key coking coal supplies amid soaring demand from India and China.

Adidas to grow faster than Nike: report

German sporting goods company Adidas will grow faster than U.S. archrival Nike in 2015, Adidas Chief Executive Herbert Hainer told German daily Boersen-Zeitung.

Dangdang to diversify from books, plans expansion

Online retailer Dangdang Inc, considered as China's answer to Amazon.com, aims for sales of general merchandise to exceed that of books and other media as it diversifies in the highly competitive e-commerce sector.

Pages