IBT Staff Reporter

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Futures lower with data on tap

Stock index futures were lower on Friday as investors awaited a round of data, including consumer sentiment, that will provide a picture on the strength the economic recovery.

Deutsche Bank CEO doubts Greece can repay debt: report

Deutsche Bank Chief Executive Josef Ackermann cast doubt on Greece's ability to repay its debt in a TV interview and said a $1 trillion euro zone rescue package will help stabilize Italy and Spain, while the situation in Portugal is more difficult.

Entrepreneur looks to heat up solar

Up to now, the main impediments to powering your home with solar energy have been cost and a confusing sales process, but Dave Llorens wants to change that.

Best Tips on How to Get That Pay Raise You Deserve

A lot of people sit quietly and say nothing to avoid rocking the boat, and they have the mindset that a pay rise will eventually happen on its own. Don't let this happen to you. You deserve to get paid as much as you can.

Euro and shares struggle on debt worries

The euro languished near a 14-month low versus the dollar and European shares fell on Friday on speculation that fiscal austerity in some euro zone countries may stifle economic growth.

Samsung to unveil chip spending plan Monday

Samsung Electronics, the world's largest memory chip maker, plans to unveil on Monday a much-awaited semiconductor investment plan, a source said, joining a growing list of firms raising spending on global economic recovery.

Euro struggles, stocks fall on EU debt doubts

The beleaguered euro hovered just above a major support level of $1.25 on Friday as worries about Europe's debt problems plagued markets, pressuring stocks and pushing safe-haven gold to near record highs.

Chrysler watching GM financing moves closely

Chrysler Group LLC would need time to find a permanent and stable replacement for providing auto loans if it loses access to bank financing it shares with General Motors Co, Chrysler Chief Executive Sergio Marchionne said on Thursday.

Toyota to close Thai plant as crisis hit sales

Toyota Motor Corp said it would close one of its four vehicle plants in Thailand as the economic crisis hammered exports, in a rare move for what was until a few years ago the world's fastest-growing carmaker.

U.S. judge to pick lead attorneys in Toyota cases

The federal judge handling more than 100 lawsuits against Toyota Motor Corp over cars that raced out of control said on Thursday that he would decide by next week which plaintiffs lawyers would take a leading role in the massive litigation.

Egypt's GB Auto sees net profit doubling in Q2

Egypt's GB Auto expects to double its profit in the second quarter of 2010 and plans to export buses to Middle Eastern and European markets by the end of 2010, executives said on Thursday.

Oil drops below $74 on demand concerns

World oil prices continued its southern journey and dropped below $74 in Asian trade Friday mainly on demand concerns linked to European debt crisis. Light sweet crude for June delivery was seen trading at $ 73.75 a barrel at 11.30 a.m Singapore time while Brent crude was at $ 79.77 a barrel in London.

UAE opens world's first gold ATM

World's first Gold ATM started functioning at Abu Dhabi's Emirates Palace Hotel. The gold to go machine, developed by Germany's TG-Gold-Super-Markt, dispenses 24 carat one gram, five gram and 10 gram pieces of gold as well as coins bearing designs such as the Krugerrand, Maple Lea and Kangaroo.

Gold moves up after overnight slump

Gold prices recovered from overnight slump in Asian trade Friday but remained highly volatile as the dollar gained momentum. Spot gold was seen trading at $1235.54 an ounce at 11.30 a.m Singapore time while U.S. gold futures for June delivery was at $1,235.8 an ounce at the same time.

Criminal probe targets 6 Wall Street firms: source

Prosecutors are conducting a broad criminal investigation of six major Wall Street banks, including JPMorgan Chase & Co and Citigroup Inc, to determine if they misled investors, a person familiar with the matter said on Thursday.

Senate backs curbs on credit raters, card fees

The Senate on Thursday voted to limit fees charged on credit and debit card transactions, and separately moved to overhaul the credit-rating business as part of a widening Wall Street reform bill.

Australian dollar outlook 14/5/2010

The Australian dollar has opened lower this morning as investors moved away from risk assets, leading to falls in equities and commodity prices.

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