IBT Staff Reporter

86491-86520 (out of 154943)

Mastercard set to buy part of Travelex: sources

MasterCard is set to buy the card program management arm of British foreign exchange group Travelex and a deal may be announced on Thursday, sources with knowledge of the matter told Reuters.

Stock index futures signal more gains

U.S. stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.3 percent, Dow Jones futures up 0.3 percent and Nasdaq 100 futures up 0.2 percent. at 1051 GMT.

UPS to hike div, buy back more stock: CFO in paper

United Parcel Service plans to woo shareholders with a higher dividend and more share buybacks rather than use strong cashflow for large acquisitions, chief financial officer Kurt Kuehn told a German newspaper.

More billionaires pledge to give away wealth

Another 17 U.S. billionaires, including Facebook co-founders Mark Zuckerberg and Dustin Moskovitz, have pledged to give away at least half their fortunes in a philanthropic campaign led by Warren Buffett and Bill Gates.

Hyundai workers to end strike

Temporary workers at Hyundai Motor <005380.KS> on Thursday agreed to end a one-month sit-in, pushing up shares of the South Korean top automaker.

U.S. yields slip after 2 days of gains, stocks gain

U.S. Treasury prices edged up on Thursday as bargain hunters entered the fray after a two-day surge in yields while Asian stocks rose on hopes that stimulus measures will help the U.S. economy in the near term.

Morgan Stanley set to cut bonus payouts: report

Morgan Stanley is planning to pay out 10 to 25 percent less bonus this year to its employees, owing to volatile market conditions, the Wall Street Journal said, citing a person familiar with the situation.

WikiLeaks backers hit MasterCard and Visa in cyberstrike

Credit card giants MasterCard and Visa came under intense cyber attack on Wednesday as supporters of WikiLeaks retaliated for moves against Julian Assange after the release of U.S. diplomatic cables that angered and embarrassed Washington.

U.S. yields slip as selloff pauses, dollar down

U.S. Treasury prices edged up on Thursday as bargain hunters entered the fray after a violent two-day surge in yields, pulling the dollar lower, while Asian stocks rose on hopes added fiscal stimulus will help the U.S. economy in the near term.

Euro Dämmerung

Germans are now the world's number one Gold Bar buyers. Germany's swivel-eyed gold bugs simply show more imagination than journalists, policy-makers and academic economists.

U.S. tax deal squeezes potential home buyers

For Kathryn Confer, refinancing the mortgage on her home in Erie, Pennsylvania, became a race against time -- first because she was drowning under a 10.5 percent interest rate and then because of the U.S. Congress.

SEC charges uncle, nephew with insider trading

The Securities and Exchange Commission charged a Maryland business consultant and his uncle with insider trading, saying they used codes from the 1987 movie Wall Street to try to hide their scheme.

Wikileaks backers hit MasterCard, Visa in cyberstrike

Credit card giants MasterCard and Visa came under intense cyber attack on Wednesday as supporters of WikiLeaks retaliated for moves against Julian Assange after the release of U.S. diplomatic cables that angered and embarrassed Washington.

Chinese tech companies soar in debut

The shares of two companies considered to be China's YouTube and Amazon.com soared in their U.S. debuts on Wednesday, as investors bet they could become dominant in a still-nascent market.

Google says shut out of USDA cloud computing deal

Google Inc didn't get the chance to compete for the largest federal government cloud computing deal yet announced, according to the Web firm, adding to its concerns that government agencies are unfairly favoring rival Microsoft Corp.

BABs fears sting municipal bonds again

Municipal bond prices slid again on Wednesday, extending a sell-off that had been ignited on Tuesday by steep losses in Treasuries and anxieties about the possible end of a popular bond program.

Satellite Company Gets Chap. 11 Plan Sent Back To Lower Court

DBSD North America, a satellite communications company, had its bankruptcy plan rejected by the U.S. Court of Appeals for the Second Circuit, which said the plan violated accepted law. The plan was sent back to the lower court for further proceedings.

Tax deal squeezes potential home buyers

For Kathryn Confer, refinancing the mortgage on her home in Erie, Pennsylvania, became a race against time -- first because she was drowning under a 10.5 percent interest rate and then because of Congress.

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