IBT Staff Reporter

85741-85770 (out of 154943)

Oracle software sales surge, shares rise

Oracle Corp forecast that its profit in the current quarter will beat Wall Street estimates, suggesting that its strategy of offering a one-stop shop for software and hardware is paying off.

IMF approves Ireland loan; open to re-negotiation

The International Monetary Fund approved a 22.5 billion euro loan for Ireland on Thursday and said it was open to renegotiating parts of the bailout package with a new government provided its overall targets were adhered to.

Take-Two's profit, sales beat Street

Take-Two Interactive Software Inc breezed past expectations as sales of its hit sports game NBA 2K11 helped it weather a year without a new version of its blockbuster franchise Grand Theft Auto.

CFTC issues position limits, SEF rules

The following are highlights from a U.S. Commodity Futures Trading Commission hearing on Thursday that introduced rules for swap execution facilities, and limits for speculative positions held by commodity traders.

Industry embraces CFTC's swap trading plan

The chief derivatives regulator on Thursday proposed making trading in the most popular swaps as transparent as stock exchanges, while trying to ensure that requirements for less popular swaps do not end up killing them.

EU sets up post-2013 crisis fund; ECB ups capital

European Union leaders have agreed to create a permanent financial safety net from 2013 and the European Central Bank moved to increase its firepower to fight the debt crisis that has rocked the euro zone.

Geithner urges Fannie, Freddie to do loan write-downs

Fannie Mae and Freddie Mac should make use of Obama administration programs to help borrowers who owe more than their home is worth by writing down principal, U.S. Treasury Secretary Timothy Geithner said on Thursday.

U.S. arrests 4 in widening hedge fund probe

Three technology company executives and a salesman for an expert network firm were arrested and charged with leaking confidential tips to hedge funds, including secret details about Apple Inc's iPad ahead of its launch.

CFTC takes another shot at swap trading plan

The chief U.S. derivatives regulator on Thursday proposed a new plan to make trading in the most popular swaps as transparent as stock exchanges, while trying to ensure that requirements for less popular swaps don't end up killing them.

EU leaders set crisis fund; ECB boosts capital

European Union leaders agreed on Thursday to create a permanent financial safety net from 2013 and the European Central Bank moved to increase its firepower to fight the debt crisis that has rocked the euro zone.

Moody's may cut Greek credit rating, now on review

Moody's Investors Service put Greece's sovereign foreign currency credit rating on review for possible downgrade on Thursday, citing uncertainty over the country's ability to cut debt to sustainable levels.

Lawyer charged in investment scam

The lawyer for indicted former financial adviser Kenneth Starr was himself charged today for assisting in Starr's multi-million dollar fraud, the Securities and Exchange Commission said.

Upbeat data buoys growth view; housing lags

The U.S. economy showed new signs the recovery was gaining traction, with data on Thursday that new claims for jobless aid fell last week and factory activity in the Mid-Atlantic region grew at its quickest pace in more than 5-1/2 years this month.

Congress close to approving Obama's tax cut bill

Congress was set to approve President Barack Obama's massive tax-cut bill on Thursday that is expected to boost the economy but pile onto a federal debt that some fear is nearing dangerous levels.

ECB boosts capital; EU leaders set crisis fund

The European Central Bank moved to increase its financial firepower to fight the euro zone debt crisis on Thursday, and European Union leaders agreed to change the EU treaty to create a permanent crisis resolution system.

Financial rescue cheap vs past crises: Geithner

The price of corporate bailouts in 2008 and 2009 looks cheap compared to past crises, U.S. Treasury Secretary Timothy Geithner said on Thursday, while urging more drastic action from housing finance giants Fannie Mae and Freddie Mac to help homeowners.

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