More From IBT Staff Reporter
Profits boost lifts market
Stocks staged a late-day comeback on Thursday as strong quarterly profits from consumer bellwethers like Starbucks Corp outweighed worries about Greece's shaky finances.
Apr 22, 2010
Brazil state blocks sale of Toyotas on mat risk
The consumer protection agency in Minas Gerais state, Brazil's second most populous, blocked the sale of Toyota Motor Corp's (7203.T) Corolla cars in the state from Thursday, citing risks of unintended acceleration in the cars.
Apr 22, 2010
Amazon outlook disappoints
Amazon.com Inc forecast lower-than-expected earnings, raising concerns about the online retailer's future margins and sending its shares down about 7 percent.
Apr 22, 2010
CenturyTel to buy Qwest for $10.6 billion in stock
CenturyTel Inc said it will buy the Qwest Communications International Inc , in a $10.6-billion stock deal, combining the third and the fourth biggest U.S. landline phone companies to help them compete more aggressively and cut costs.
Apr 22, 2010
Kimberly-Clark sees cost pressures in 2010
Kimberly-Clark Corp said higher pulp costs and increased marketing spending to promote new products will weigh on profit this year as it posted lower first-quarter earnings.
Apr 22, 2010
Wall St rises on Starbucks, consumer optimism
Stocks staged a late-day comeback on Thursday as another steady drumbeat of strong quarterly profits from consumer bellwethers like Starbucks Corp outweighed worries about Greece's finances.
Apr 22, 2010
Jobless claims fall, inflation stays benign
The number of U.S. workers filing new claims for jobless aid fell last week as the labor market gradually heals, while producer price data showed inflation is muted despite a surge in food costs last month.
Apr 22, 2010
Big expectations for RIM at BlackBerry trade show
Research In Motion Ltd needs to produce evidence next week that it is close to unveiling a more consumer-friendly BlackBerry experience if it hopes to disarm critics who question its competitive chops.
Apr 22, 2010
Five Ways to Prepare Your Kids For Big-Time Adventure
Where did the time go? It seems like last weekend I was sixteen with a backpack and a plane ticket, embarking on my first solo adventure.
Apr 22, 2010
Obama scolds Wall Street for resisting reform
President Barack Obama scolded Wall Street on Thursday for its furious efforts to fight tighter regulation, saying the United States was doomed to another financial crisis if reforms were not implemented
Apr 22, 2010
New China BAIC plant to make vehicles based on Saab tech
China's Beijing Automotive Industry Holding Co (BAIC) said on Thursday it is building a plant to make vehicles using technology it acquired from GM's [GM.UL] Saab unit late last year.
Apr 22, 2010
Caterpillar, Navistar China JV talks progressing
China's Jianghuai Automobile Group (600418.SS) has made progress in joint-venture talks with Caterpillar (CAT.N) and Navistar International Corp (NAV.N) and sees such a tie-up as key to its strategy to improve profitability and target export markets, an executive said.
Apr 22, 2010
China automakers add capacity as sales rise
Chinese auto sales are set to grow faster than expected this year, with some industry insiders now picking growth of 20 percent in the world's largest car market, raising talk Beijing will cut incentives to cool growth.
Apr 22, 2010
Goldman urges clients to stay, CEO at Obama speech
Goldman Sachs Group Inc intensified its public relations counteroffensive over fraud charges on Thursday as the company's chief executive watched President Barack Obama urge Wall Street to back regulatory reforms.
Apr 22, 2010
Blackstone earnings rise, distribution changes
Private equity firm Blackstone Group reported higher quarterly earnings on Thursday that beat analysts' estimates as the value of its vast private equity investments continued to rebound.
Apr 22, 2010
Results from new PepsiCo disappoint; shares slip
PepsiCo Inc posted disappointing results in its first quarterly report since buying its largest bottlers, as promotions by rival Coca-Cola Co hurt its sales and the deal's benefits have yet to kick in fully.
Apr 22, 2010
Nasdaq gains on profit boost; Dow, S&P 500 flat
The Nasdaq edged higher on Thursday as another steady stream of strong earnings from companies, including Starbucks Corp , overshadowed worries about Greece's ability to handle its debt.
Apr 22, 2010
U.S. woes threaten Goldman's government business
Goldman Sachs risks losing clients wherever politicians hold sway after U.S. accusations the Wall Street powerhouse committed fraud, posing a threat to some lucrative business areas.
Apr 22, 2010
US Airways pulls out of merger talks with UAL
US Airways Group Inc said on Thursday it has dropped out of merger discussions with United Airlines parent UAL Corp, a decision that changes the dynamic of similar talks between UAL and Continental Airlines Inc.
Apr 22, 2010
Economic signs show modest recovery, point to low rates
The number of U.S. workers filing new claims for jobless aid fell last week as the labor market gradually heals and producer price data showed inflation remained muted despite a surge in food costs last month.
Apr 22, 2010
Greece downgraded, deficit worse than feared
Greece's budget gap last year was worse than feared, the European Union's statistics office revealed on Thursday, as Moody's Investors Service downgraded its rating of Greek government debt.
Apr 22, 2010
BofA's Krawcheck to expand wealth unit abroad
Bank of America Corp intends to put more global in its global wealth management division.
Apr 22, 2010
Wall St dips on Greece debt issues, results
U.S. stocks edged lower on Thursday as concerns grew about the deteriorating financial health of Greece and big telecommunications equipment companies reported weak results.
Apr 22, 2010
Flu vaccinations suspended for children under five
The Western Australian government has suspended all flu shots for children under five as it examines the increase in admissions to Prince Margaret Hospital in Perth.
Apr 22, 2010
Nanopatch – Vaccination without needles against swine flu
In a recent major study, researchers have designed and developed special 'nano patches' that can deliver vaccines without the use of needles within two minutes with 100 times less dose than used conventionallly.
Apr 22, 2010
Exclusive: WellPoint routinely targets breast cancer patients
One after another, shortly after a diagnosis of breast cancer, each of the women learned that her health insurance had been canceled. First there was Yenny Hsu, who lived and worked in Los Angeles. Later, Robin Beaton, a registered nurse from Texas. And then, most recently, there was Patricia Relling, a successful art gallery owner and interior designer from Louisville, Kentucky.
Apr 22, 2010
Study reveals swine flu affects Indigenous people hardest
Recent research reveals the Northern Territory's Indigenous population reported the highest hospital admission rates for swine flu across Australia.
Apr 22, 2010
Men advised to stay fit to boost reproductive health
An Australian study that examines links between lifestyle and reproductive health in males over 40 years, reveals exercise is not only beneficial for the heart, but sexual health as well.
Apr 22, 2010
Goldman CEO watches Obama as clients urged to stay
Goldman Sachs Group Inc intensified its public relations counteroffensive on Thursday over fraud charges, as the company's chief executive watched the U.S. president urge Wall Street to back regulatory reforms.
Apr 22, 2010
ICU in Bundaberg pressured after Patel's arrival, court heard
After Dr Jayant Patel became director of surgery, patients at the Bundaberg Base Hospital's intensive care unit were sicker and stayed there longer, a court has heard.
Apr 22, 2010
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