IBT Staff Reporter

95341-95370 (out of 154954)

Opel to make 8 a.m. ET announcement on restructuring

Opel Chief Executive Nick Reilly and labor leader Klaus Franz have called a joint press conference for 1200 GMT (8 a.m. ET) to inform on significant progress in the restructuring of Opel, the carmaker said on Friday.

BOJ outlines new loan plan, cautious on Europe woes

The Bank of Japan raised its outlook for the economy by a notch on Friday and announced a loan scheme targeting growth industries, but also warned that Europe's debt debacle posed a risk to the global economy.

Toyota gets Tesla stake while Tesla gets Toyota factory

Toyota Motor Corp said it would take a $50 million stake in U.S. electric carmaker Tesla Motors, a move that gives the Japanese automaker a chance to repair its dented public image and vaults the California start-up on to the world stage.

Stock futures signal pause in sharp sell-off

Stock index futures pointed to a slightly higher open on Wall Street on Friday, following the previous session's steep sell-off, with futures for the S&P 500 up 0.4 percent, Dow Jones futures up 0.29 percent and Nasdaq 100 futures up 0.15 percent at 0800 GMT (4 a.m. ET).

Germany votes on aid as stocks slide on euro worries

Stocks slid further around the world on Friday on fears Europe's debt crisis and tougher financial regulation will hurt a global economic recovery, as Germany prepared to vote on a massive standby package to stabilize the euro.

Google premieres Web television gamble

Web search king Google Inc on Thursday showed off a risky attempt to marry the Web to television and reach the $70 billion TV advertising market, chasing a dream that has eluded even archrival Apple Inc.

Asian stocks dive although euro edges up

Asian stock markets slid on Friday as worries about the euro zone and the flare-up in market volatility prompted investors to sell shares and keep cash until calm returns.

BA posts record $762 million full-year loss

British Airways posted a record 531 million pounds ($762 million) full-year loss, hit by strikes and winter snow, though said it had managed to cut costs by around 1 billion pounds due to restructuring efforts.

Oil falls to near $70 on euro zone woes

U.S. oil prices dropped to near $70 on Friday, after falling the previous day for a seventh time in eight sessions, on unabated fears that Europe's debt crisis could hurt global economic growth and slow energy demand.

EU braces for fiscal scrutiny as $1 trillion rescue in works

Germany is poised to approve on Friday the lion's share of a $1 trillion safety net for financially troubled euro zone nations as an EU task force looks to toughen regulations within the bloc blighted by a debt crisis that has cast a pall over global economic health.

Dell plagued by supply shortage

Dell Inc's quarterly sales and profit beat expectations but its gross margin fell short of analysts' forecasts and the computer maker warned that components supply will remain tight.

Chrysler IPO will probably be in 2011: CEO

Chrysler will probably launch its public offering in 2011 and expects that 2010 will be a better year than it originally had forecast, the company's chief executive said on Thursday.

Final vote on Wall Street reform bill seen in Senate

The Senate will pass a sweeping reform of financial regulation on Thursday night, said an aide to Senate Democratic Leader Harry Reid, capping months of wrangling over the biggest overhaul of financial rules since the 1930s.

Mozart effect a myth

Listening to Mozart does not make you smarter, researchers from the Austrian composer's homeland say, contradicting a popular 1993 study that first coined the Mozart effect.

Senators press for flash crash answers

Frustrated lawmakers pressed regulators to move faster to pinpoint the cause of the mysterious May 6 market crash, with two weeks of investigation producing few answers.

Australians warned over food allergies

Assumptions by a sufferer that they'll be okay and won't need their life saving medication, local restaurant staff assuming there are no nuts in a menu item, or doctors assuming that patients with a food allergy understand the full extent of their condition, can all have tragic consequences, said AA President Maria Said.

Dell profit exceeds forecasts but shares slump

Computer maker Dell Inc reported a stronger-than-expected profit, but warned of volatile global currencies and components shortages, and the company's shares stumbled in after-hours trade.

Daily forex forecast - 21/5/2010

With the market extra sensitive to any negative news at present yesterdays shock 7% drop in the Westpac Consumer Confidence report for May sent the Aussie plummeting in local trade.

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