IBT Staff Reporter

109351-109380 (out of 154944)

3M issues cautious forecast, shares lower

Diversified manufacturer 3M Co issued a cautious outlook for 2010 on Tuesday, saying tight credit conditions and other headwinds would make economic recovery patchy and slow.

H&R Block posts narrower-than-expected Q2 loss

H&R Block Inc , the largest U.S. tax preparer, posted a narrower-than-expected second-quarter loss, aided mainly by better results in Tax Services segment, but said it is looking to close 400 regular offices this year as part of a cost-cutting plan.

PE firm Actis, S'pore's KS Energy in $231 mln JV

Private equity firm Actis and Singapore oil services firm KS Energy on Tuesday announced plans for a joint venture that will distribute parts and equipment to oil companies in Asia and the Middle East

U.S. FDA questions studies of Gilead fibrosis drug

U.S. Food and Drug Administration staff cited concerns on Tuesday with the design and analysis of clinical studies intended to support the effectiveness of Gilead Sciences Inc's experimental cystic fibrosis drug.

3M, McDonald's drag Wall Street lower

Stocks fell on Tuesday after a disappointing outlook from 3M Co and a second straight month of falling domestic sales at McDonald's Corp triggered concern about consumer spending.

China demands more from rich to unlock climate talks

China led calls by developing nations on Tuesday for deeper emissions cuts from the United States, Japan and Europe at U.N. climate talks on Tuesday, as a study showed that this decade will be the warmest on record.

Obama proposes tax cuts for small businesses

President Barack Obama proposed on Tuesday small business tax cuts, fresh infrastructure spending and energy efficiency rebates to boost jobs, but there were few details on the scale or cost of the measures.

Freewest rejects Noront's sweetened buyout offer

Canada's Freewest Resources (FWR.V), which is the target of a takeover battle between Cliffs Natural Resources (CLF.N) and Noront Resources (NOT.V), rejected Noront's sweetened bid, calling it inadequate.

Guinea's Camara well, to address nation soon -spox

Guinea's military junta leader, Captain Moussa Dadis Camara, is well and will address the nation soon, a spokesman said on Tuesday, five days after an assassination bid on the West African nation's leader.

3M issues cautious forecast, shares fall

Diversified manufacturer 3M Co issued a cautious initial outlook for 2010 on Tuesday, saying tight credit market conditions and other headwinds would make any broad economic recovery patchy and slow.

Obama seeks small business tax cuts

President Barack Obama proposed a variety of programs on Tuesday to boost U.S. employment, including cutting taxes for small businesses to boost hiring.

Film Department files for IPO

West Hollywood-based motion picture finance and production company Film Department Holdings Inc hopes to go public in an initial public offering that would raise $85 million to $100 million.

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