IBT Staff Reporter

85861-85890 (out of 154954)

BofA negotiating with mortgage investors

Bank of America Corp has started negotiating with powerful mortgage investors that accused the bank of failing to buy back bad home loans, in an apparent shift in the lender's stance.

EU struggles for unity ahead of debt crisis summit

European leaders sought to paper over deep divisions on how best to resolve the debt crisis ahead of a summit on Thursday, and Spain and Portugal came under renewed pressure to get their finances in order.

China regulator tells banks to lend as normal

Chinese banks should ensure that the normal demand for loans is satisfied this month, the banking regulator said on Thursday, signaling that the government wants to avoid an over-tightening of credit.

Toshiba sees LCD profit on smartphone boom

Toshiba Corp may turn its first annual profit on liquid crystal display panels in four years as sales of smartphones and tablet computers boom, the company's CEO said in an interview on Thursday.

Square Enix slashes outlook, delays game launch

Japanese video game maker Square Enix on Thursday slashed its full-year net profit forecast by more than 90 percent to far below the market consensus and said it will postpone the launch of two key game titles.

Wall Street futures point to flat open for stocks

U.S. stock index futures pointed to a flat to slightly higher open for Wall Street on Thursday, with futures for the S&P 500, for the Dow Jones industrial average and for the Nasdaq flat to up 0.1 percent by 0913 GMT.

BP had gas blowout in 2008: WikiLeaks

Leaked U.S. diplomatic cables reveal BP suffered a blowout on an Azerbaijan gas platform in September 2008 and was fortunate to evacuate workers safely after a blast that preceded the one that killed 11 workers in the Gulf of Mexico in April, Britain's Guardian newspaper reported.

Toshiba LCD profit may top $119 million

Toshiba Corp may see profit in its liquid-crystal display business recover to more than 10 billion yen ($119 million) for the year to March, compared with its previous forecast of zero, its chief executive said on Thursday.

Euro steadies before EU meet

The euro steadied on Thursday as dealers squared up positions ahead of a meeting of European Union leaders, while U.S. Treasuries bounced after a selloff overnight took 10-year yields above 3.5 percent, sending some investors hunting for value.

Ex-Madoff aide told to hand over $2.4 million for bail

Annette Bongiorno, one of Bernard Madoff's longest serving employees, will have to give up at least $2.4 million and her husband's money for a judge to consider granting her bail on criminal charges, a New York court heard on Wednesday.

Google Makes Voice Personal

The company introduces speech recognition to Android 2.2 phones, which can recognize the user's phone and understand their specific dialect.

Baidu sees growth rate slowing in 2011

A senior executive of China's top search engine, Baidu Inc, forecast its top-line and bottom-line growth rates to moderate over the next year, sending its shares down 6 percent on Wednesday.

U.S. sues BP, seeks fines for oil spill

The U.S. sued BP and eight other defendants on Wednesday over the Deepwater Horizon oil spill in the Gulf of Mex ico, seeking civil penalties under the Clean Water Act.

WikiLeaks hactivists look to improve attack software

Supporters of WikiLeaks who last week attacked the websites of MasterCard and Visa, say they are tweaking the software used for those assaults in a bid to create more powerful tools for possible future protests.

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