IBT Staff Reporter

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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

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

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

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

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

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

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

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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