IBT Staff Reporter

Bank of America Corp trounced expectations with its first quarterly profit since the summer of 2009 as it generated outsized bond trading revenue and set aside less money to cover bad loans.

Apr 16, 2010

Wall Street was poised for a lower on Friday after earnings from Google failed to meet heightened expectations as GE and Bank of America reported quarterly results.

Apr 16, 2010

European finance ministers discussed Greece's debt crisis on Friday but said Athens was seeking to clarify how an emergency aid mechanism would work, rather than requesting it.

Apr 16, 2010

No. 1 toy company Mattel Inc surprised Wall Street with a quarterly profit on strong demand for its classic brands and newer product lines, in yet another sign of a revival in consumer demand.

Apr 16, 2010

Global shares edged off 16-month highs on Friday as an unexpected jump in U.S. jobless claims and persistent uncertainty over a solution to Greece's debt crisis tempered optimism over the global economic recovery.

Apr 16, 2010

Credit Suisse is hiring Vedika Bhandarkar, a veteran investment banker at rival JPMorgan , to beef up its investment banking business in India.

Apr 16, 2010

Britain's consumer affairs watchdog has slapped a record 225 million pound ($349 million) fine on two tobacco firms and nine retailers accused of fixing prices on tobacco products between 2001 and 2003.

Apr 16, 2010

U.S. stock index futures edged lower on Friday after Google earnings failed to meet lofty expectations, but strong results from GE and Bank of America stemmed declines.

Apr 16, 2010

Mobile phone maker Sony Ericsson swung to a surprise first-quarter pretax profit on Friday as its push into the growing smartphone market and hefty cost cuts boosted margins.

Apr 16, 2010

TOKYO (Reuters Life!) - Simply flipping through a book may not seem like the best to way to scan it, but a Japanese research group at Tokyo University has created new software that allows hundreds of pages to be scanned within minutes.

Apr 16, 2010

Around 60 percent of the $24.8 trillion credit derivatives market can rapidly move to central clearing and reduce systemic risk, but moving much beyond that could be counterproductive, according to market experts.

Apr 16, 2010

Good morning dear traders, how was your trading yesterday? This way I imagine a trading day: you put your orders into the trading platform and go for a walk with your dog. When you come back, the trade is completely running for you.

Apr 16, 2010

Thomas Cook , Europe's second-biggest travel firm, said on Friday it had raised over $1 billion through new sterling and euro bond issues with the proceeds to be used for general corporate purposes.

Apr 16, 2010

Stock index futures pointed to a lower open on Wall Street on Friday, with equities poised to reverse recent strong gains after Google's results, and ahead of General Electric and Bank of America earnings.

Apr 16, 2010

Global shares softened from 16-month highs on Friday after an unexpected jump in U.S. jobless claims tempered optimism over the global economic recovery.

Apr 16, 2010

European finance ministers discussed Greece's debt difficulties on Friday but said Athens was for now seeking to remove any obstacles to the rollout of emergency aid if needed, rather than requesting it officially.

Apr 16, 2010

Mobile phone maker Sony Ericsson swung to a surprise first-quarter profit as its push into the growing smartphone market and hefty cost cuts boosted margins.

Apr 16, 2010

Consumer spending on home entertainment products, including DVDs, Blu-ray discs and digitally distributed content, in North America fell 8 percent to $4.8 billion in the first quarter of 2010, said the Digital Entertainment Group on Wednesday.

Apr 16, 2010

by Vikram S SubhedarAsian stocks retreated from 22-month highs, and higher-yielding currencies fell, as investors booked profits after risky assets ran up in recent sessions on the back of good economic data.

Apr 16, 2010

Credit Suisse is hiring Vedika Bhandarkar, a veteran investment banker at rival JPMorgan , as head of investment banking for India, the Swiss investment bank said on Friday.

Apr 16, 2010

Top Federal Reserve officials on Thursday showed little urgency about softening the central bank's commitment to hold rates low for a long time, suggesting the Fed will repeat the pledge when it meets late this month.

Apr 15, 2010

A top executive at the world's largest bond fund said on Thursday that money market mutual funds should not exist in their current form.

Apr 15, 2010

La Trobe University has attained $15, 000 of funding through the Higher Education Equity Support Program to establish the Rural Careers Access: Online Employer Portal for Shepparton Students project.

Apr 15, 2010

Kyrgyzstan's mass anti-government protests last week were essentially the culmination of more than a decade of disillusionment and dissatisfaction that accumulated in the nation's political, economic and social spheres from the period of Akayev to his successor Kurmanbek Bakiyev, with virtually every Kyrgyz concerned about rising prices and falling standards of living, both issues of little concern and dimly understood in Washington.

Apr 15, 2010

Called the Hotshot, the condom has been produced after government research showed 12 to14-year-olds did not use sufficient protection when having sex.

Apr 15, 2010

Google Inc, its YouTube video service, and Yahoo Inc on Thursday filed counterclaims against Xerox Corp in a lawsuit accusing them of infringing the document management company's patents on Internet searches.

Apr 15, 2010

Before you spit out the seeds in grapes, think again, it might have some good use.

Apr 15, 2010

Google Inc posted a 23 percent jump in quarterly revenue on a rebound in Web advertising, but its stock fell 5 percent as the company disappointed some investors accustomed to blowout results.

Apr 15, 2010

Advanced Micro Devices Inc reported better-than-expected first-quarter revenue as PC and server spending rebounded, but investors cashed out of a rally triggered by stellar Intel Corp results.

Apr 15, 2010