IBT Staff Reporter

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EU bank supervisors agree bankers' bonus curbs

European Union banking supervisors agreed on finalized mandatory guidelines for awarding bank bonuses on Friday, saying key requirements can be neutralized for less risky firms and staff.

GE hikes dividend for 2nd time this year

General Electric Co raised its quarterly dividend by 2 cents per share to 14 cents, its second increase in the payout this year and a fresh sign the largest U.S. conglomerate is gaining confidence in the outlook for its finance business.

Cowen's tactics delay IMF vote on Ireland

The International Monetary Fund postponed approving a multi-billion euro loan for Ireland on Friday after Prime Minister Brian Cowen said he would seek parliamentary approval for the bailout.

TJX to close A.J. Wright chain, cut 4,400 jobs

TJX Companies Inc will shut down its A.J. Wright clothing stores, cutting about 4,400 jobs and taking a charge of $150 million to $170 million, as it focuses on its core off-price retail brands like T.J. Maxx and Marshalls.

United Tech shares up after 2011 forecast

Shares of United Technologies Corp rose 1 percent Friday morning, a day after the diversified U.S. manufacturer said profit could rise 7 percent to 14 percent next year.

Consumer sentiment up more than expected

Consumer sentiment rose more than expected in early December while an index of current conditions jumped to its highest level since January 2008, a survey released on Friday showed.

November import prices post largest gain in a year

U.S. import prices in November rose at their fastest pace in a year as petroleum and food costs maintained their upward trend, according to a government report on Friday that hinted at a pick up in imported inflation.

European equities to fare well in 2011: Bloomberg survey

European equities will beat 2010 gains by the end of next year, as companies get some help from better earnings and record-low interest rates that will overcome the sovereign debt crisis, Bloomberg said, citing a survey of 13 strategists.

Apple preps new camera-toting iPads: sources

Apple Inc is preparing new iPads, including models that are about half the size of the current tablet computer, and will include front- and back-mounted cameras, supply chain sources told Reuters.

Google Zeitgeist captures the spirit of 2010

Google has released its year-end search report - Zeitgeist 2010. Among the personalities and events that figure on search trends list are Justin Beiber, Lady Gaga, Kim Kardashian, Oil Spill, World Cup, Haiti Earthquake and more.

Hackers target payment site, deny plotting harm

Cyber activists striking at companies seen as enemies of WikiLeaks sought to block the website of online payment firm Moneybookers on Friday but denied their campaign was intended to damage economic activity.

South Korean President says Korean reunification 'definite'

South Korean President, Lee Myung-bak, stated that reunification with North Korea would 'definitely' take place. His statement also comes close to Wikileaks revelations that suggested that North's biggest ally China is reportedly backing a plan for reunification. A leaked diplomatic cable sent out to Washington by US diplomats maintained that South Korean officials would press for reunification but precisely, under their control.

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