More From IBT Staff Reporter
Netflix, three others to join the S&P 500
Four companies will join the benchmark S&P 500 index after the closing bell on December 17, S&P said in a statement on Thursday.
Dec 09, 2010
Video game sales jump 8 percent in November
A strong turnout by shoppers for Black Friday boosted U.S. video game sales 8 percent last month, marking the strongest November on record, but sales for the whole year are likely to be flat at best, according to retail research firm NPD Group.
Dec 09, 2010
Foreign central banks' U.S. debt holdings fall: Fed
Foreign central banks' overall holdings of marketable securities at the Federal Reserve fell in the latest week, data from the U.S. central bank showed on Thursday.
Dec 09, 2010
U.S. falls behind in foreign languages
Americans are not, in general, proficient in foreign languages. That situation, according to experts, is not good for the nation, not good for humanity, and not good for the individual monolinguist.
Dec 09, 2010
Toshiba NAND chip plant halted by power outage
Production at one of Toshiba Corp's key chip factories has been halted by a brief cut in power, the company said, hitting output of NAND flash memory used in tablet computers and smartphones.
Dec 09, 2010
Citi names Orszag global banking vice chairman
Citigroup Inc appointed on Thursday U.S. president Barack Obama's former budget director as a global banking vice chairman.
Dec 09, 2010
Senate Republicans block Zadroga bill
Senate Republicans delivered a serious setback to the community of Ground Zero responders and their families today by blocking the Zadroga bill from coming to a vote.
Dec 09, 2010
Banks lead Wall Street higher; Nasdaq up for 7th day
Stocks edged up on Thursday, with the benchmark S&P 500 closing at a two-year high, a trend investors expect to continue through the rest of the year.
Dec 09, 2010
TerreStar Gets More Flak From Creditors Over Bankruptcy Plan
TerreStar Networks is facing a more court fights with creditors over its reorganization plan.
Dec 09, 2010
Jump in Bond Yields no threat for Gold in the long term
Outside the US and UK - where today's no change decision from the Bank of England left interest rates near 33-year lows beneath inflation - emerging economies are also flirting with sub-zero real rates of interest, Japanese investment bank Nomura's London office notes.
Dec 09, 2010
Ford to add 1,800 jobs at Louisville, Ky., plant
Ford Motor Co plans to add 1,800 autoworker jobs and invest $600 million to overhaul its Louisville Assembly Plant in Kentucky, which will make the next generation of its Escape small SUV.
Dec 09, 2010
Banks lead Wall St higher; Nasdaq up for 7th day
U.S. stocks edged up on Thursday, with the benchmark S&P 500 closing at a two-year high, a trend investors expect to continue through the rest of the year.
Dec 09, 2010
Dell's CEO transformation is on the way
Dell Inc's billionaire chief executive, arguing that his efforts to transform his company have gone unnoticed by some on Wall Street, wants to drive the acquisitions that will prove crucial to its long-term future.
Dec 09, 2010
Stores, shoppers turn to holiday online wish lists
Manny Gomez created a shopping list on Amazon.com just to keep track of some auto parts he wanted to buy. But as the holidays approached, he thought it wouldn't hurt to share the list with family and friends.
Dec 09, 2010
U.N. rights boss concerned at targeting of WikiLeaks
U.N. High Commissioner for Human Rights Navi Pillay voiced concern on Thursday at reports of pressure being exerted on private companies to halt financial or Internet services for WikiLeaks.
Dec 09, 2010
Judge expected to rule soon on Alaska Senate challenge
An Alaska Superior Court Judge has said he will rule by Friday on Senate candidate Joe Miller’s challenge to the apparently victorious write-in campaign of incumbent Sen. Lisa Murkowski.
Dec 09, 2010
Iran blogger gets prison leave on bail: rights group
Iran has temporarily released on bail a pioneering Iranian blogger who has been sentenced to more than 19 years in prison, a rights group said on Thursday.
Dec 09, 2010
S&P, Nasdaq end up; S&P above 1,228
The S&P 500 and Nasdaq ended slightly higher on Thursday, with the S&P 500 hovering around two-year highs, a trend investors expect to continue through the rest of the year.
Dec 09, 2010
Facebook deletes pro-WikiLeaks hackers' account
Facebook and Twitter deleted the accounts of cyber activists who targeted Visa and other Internet payment sites that sought to block the WikiLeaks website after its release of U.S. diplomatic cables.
Dec 09, 2010
Corrected: Stores, shoppers turn to holiday online wish lists
Manny Gomez created a shopping list on Amazon.com just to keep track of some auto parts he wanted to buy. But as the holidays approached, he thought it wouldn't hurt to share the list with family and friends.
Dec 09, 2010
Ford invests in Kentucky plant; sign of recovery
Ford Motor Co will invest $600 million to overhaul a Kentucky plant to make the next generation of its Escape small SUV, in a sign of the gradual recovery for the U.S. auto industry from its near collapse in 2009.
Dec 09, 2010
Chevron hikes spending 20 percent in search of growth
Chevron Corp , the second-largest U.S. oil company, will increase spending by a fifth to $26 billion in 2011, with 85 percent going to exploration and production as the industry seeks out new sources of growth.
Dec 09, 2010
Recovery hopes supported by jobless claims fall
New economic data on Thursday offered more signs the recovery was gaining traction, with claims for jobless benefits falling and wholesalers stocking up in anticipation of strong holiday demand.
Dec 09, 2010
Wall Street's gains capped by yield uncertainty
The S&P 500 and the Nasdaq edged up on Thursday, hovering around two- and three-year highs respectively, but a recent rise in bond yields and uncertainty over tax-cut legislation unsettled investors.
Dec 09, 2010
Pressure builds on EU leaders for more action on debt
European Union leaders meet next week under pressure to take bolder steps to quell the euro zone debt crisis, despite signs that volatility in European bond markets is abating toward the end of the year. The European commissioner for monetary affairs, Olli Rehn, said it was time for Europe to show proper coordination, and back its shared currency union with closer economic union.
Dec 09, 2010
Russia's Putin raps U.S. over leaked cables
Prime Minister Vladimir Putin attacked the United States on Thursday over secret U.S. diplomatic cables released by WikiLeaks, saying the West had no right to preach to Russia about democracy.
Dec 09, 2010
Oracle's handling of Java and everything in between
Chronology: Key events that have punctuated Oracle's handling of Java this year.
Dec 09, 2010
Lady Gaga crowned most provocative celebrity
She made it to the provocative list of 2010 of Showbiz Tonight, CNN
Dec 09, 2010
Russia seeks explanation from NATO over 'Baltic plan' revealed by Wikileaks
Russia is seeking an explanation from NATO after documents published by Wikileaks revealed that the military alliance planned to protect Baltic States against Moscow. Russian officials stated that the Kremlin was awaiting clarification from NATO the proposed Eagle Guardian plan.
Dec 09, 2010
October wholesale inventories and sales up strongly
U.S. wholesale sales climbed at the sharpest rate in seven months during October and inventories kept rising strongly, according to a government report on Thursday that suggested optimism about a healthy holiday shopping season.
Dec 09, 2010
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