IBT Staff Reporter

108661-108690 (out of 154944)

Morgan Stanley hires ex-Merrill COO Fleming

Morgan Stanley said on Sunday it hired former Merrill Lynch President and Chief Operating Officer Gregory Fleming to run its investment management group, the latest in a string of executive level changes.

Gold off 4-week lows as dollar dip supports

Gold prices rose and moved away from four-week lows on Monday as the dollar reversed course and dipped against a basket of major currencies, paring gains made after upbeat U.S. economic data late last week.

Accenture ends relationship with Tiger Woods

Technology outsourcing and consulting firm Accenture Plc on Sunday said it was ending its six-year sponsorship arrangement with golfer Tiger Woods, who is embroiled in a scandal involving extra-marital affairs with numerous women.

Cadbury admits to rival interest as rejects Kraft

Britain's Cadbury Plc said it has received interest from other bidders after raising its growth targets and reporting upbeat trading as it dismissed a 10 billion pound ($16.5 billion) bid from Kraft Foods .

Cadbury upbeat in defense against Kraft bid

Britain's Cadbury Plc raised its long-term growth targets and reported upbeat trading as it dismissed a 10 billion pound ($16.5 billion) bid from Kraft Foods , kicking off a seven-week fight for its independence.

Stock futures signal gains after Dubai bailout

Stock index futures pointed to a higher opening on Wall Street on Monday, with futures for the S&P 500 up 0.59 percent, Dow Jones futures up 0.39 percent and Nasdaq 100 futures up 0.49 percent.

NBC launching Chuck game

LOS ANGELES - NBC is launching a Chuck game that gives points to fans who talk about the show using social media.

Asian stocks rebound on Dubai bailout, yen falls

Asian stocks rebounded on Monday after Dubai said it had received $10 billion from Abu Dhabi to repay debt, which pushed down the yen and boosted the euro and emerging Asian currencies as risk appetite improved.

Naked access now 38 percent of U.S. trading: report

A report says that 38 percent of all U.S. stock trading is now done by firms that have naked sponsored access to markets, the controversial trading practice said to imperil the marketplace, and which faces a regulatory crackdown.

Abu Dhabi gives Dubai $10 billion in surprise bailout

Abu Dhabi bailed out neighboring Dubai on Monday with $10 billion in surprise aid for debt-laden Dubai World, driving stock markets higher, but Dubai said creditors still needed to approve a standstill on outstanding debt.

Abu Dhabi lends $10 billion to Dubai

Abu Dhabi stepped in to help fellow United Arab Emirates member Dubai on Monday with a $10 billion injection, of which $4.1 billion was allocated to troubled state-owned conglomerate Dubai World to pay immediate obligations, Dubai said on Monday.

Thais extend North Korean arms cargo crew's detention

A Thai court on Monday extended the detention of the crew of a seized cargo aircraft loaded with 35 tonnes of arms from North Korea as its unscheduled arrival in Bangkok stirred questions over illicit-weapons trade.

Italian protester breaks Berlusconi's nose

Italian Prime Minister Silvio Berlusconi was rushed to hospital covered in blood with a broken nose and teeth after a man with mental problems hurled a statuette at him at a rally, officials said on Sunday.

Asian stocks ease, firm dollar weighs on oil

Asian stocks eased on Monday as the dollar hovered near six-week highs on views the Federal Reserve might raise rates sooner than expected, putting pressure on oil and commodity prices.

Real estate firm Fairfield files for bankruptcy

Privately-held real estate company Fairfield Residential LLC filed for bankruptcy protection on Sunday, saying that the collapse of the U.S. real estate and capital markets has made it difficult to continue without restructuring.

Fast forward to 2010

To all extents and purposes, 2009 is over for investors and the coming week will be dominated by the issues of 2010.

Japan business mood up more than forecast

Japanese business confidence edged up more than expected in the three months to December but remained negative for the sixth quarter in a row, a Bank of Japan survey showed, as the economy slowly recovers from its worst postwar recession.

Houston eyes Asia trade as Panama Canal expands

Warehouses holding everything from beer kegs to frozen chickens crowd the roadside along Highway 146 south of Houston, and a ferocious building boom is adding acres more, thanks to an even bigger project 1,800 miles away in Panama.

Kelly in lead for BofA top job, pay an obstacle: report

Bank of New York Mellon Corp Chief Executive Robert Kelly is the front-runner to succeed retiring Bank of America Corp CEO Kenneth Lewis, but compensation issues could get in the way of a deal, the Wall Street Journal said on Sunday, citing people familiar with the situation.

MySQL founder in Web campaign against Oracle-Sun

Michael Widenius, creator of MySQL database, which could become the stumbling block for Oracle in its Sun takeover, has launched an Internet campaign trying to line up MySQL users to stop the deal.

Daily Forecast - 14/10/2009

The Aussie dollar was unable to hold onto momentum gained by Thursday's stellar employment report peaking near 92 cents during Friday's European session.

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