IBT Staff Reporter

111661-111690 (out of 154944)

Volvo union meets Geely, no detail on financing

Union leaders at Ford Motor's Volvo car unit held their first talks with China's Zhejiang Geely Holding Group on Thursday but are still waiting to see Geely's financing plans for the Swedish carmaker.

Model Kate Moss criticized for skinny remark

Eating disorder campaigners criticized British model Kate Moss on Thursday for saying she backed the motto Nothing tastes as good as skinny feels, a slogan popular with pro-anorexia websites.

Iraq election impasse continues, veto contested

Iraqi lawmakers, failing to resolve differences over an election law, said they would meet on Saturday and send the law for approval as it stands, keeping on track plans for a January vote and a partial U.S. troop withdrawal later next year.

Daimler's Fuso sees 2009 vehicle sales halving

Mitsubishi Fuso, the Japanese unit of market leader Daimler Trucks, aims to weatherproof the company for smaller volumes in the future in order to steer clear of the losses it will book this year.

Suicide bomber kills 18 in Pakistan's Peshawar

A suicide bomber blew himself up outside a court building in Peshawar on Thursday, killing 18 people, officials said, in the latest of a series of attacks on the northwestern Pakistan city.

Fed officials play down impact of weak dollar

Federal Reserve officials on Thursday downplayed the consequences of the falling U.S. dollar, underscoring that deflation is still a threat, especially with commercial real estate prices falling.

Geithner: Recovery not enough without reforms

U.S. Treasury Secretary Timothy Geithner said on Thursday that without sweeping financial regulatory reforms, economic recovery would not be enough to ensure U.S. strength and stability.

Williams-Sonoma profit beats; FY view raised

Williams-Sonoma Inc posted a higher-than-expected quarterly profit and raised its full-year outlook on Thursday as the home-goods retailer's cost-cutting and merchandising efforts bore fruit.

Asia helps feeble West in global recovery -OECD

Asia is leading the global economy out of the deepest downturn in decades but the recovery will be marred by high unemployment and huge government debt across the industrialised countries, the OECD said on Thursday.

Swiss watch Oct exports see slight pick-up

Demand for Swiss watches picked up slightly in October from the previous month as the pace of decline in exports slowed, pointing to a sluggish recovery reliant on sustained demand from Asia.

U.S. warns Iran of consequences over standoff

World powers could have a package of measures against Iran within weeks, U.S. President Barack Obama said on Thursday, warning Tehran of consequences for its failure to respond to an offer of a nuclear deal.

JPMorgan lands Cazenove in 1 bln pound buyout

JPMorgan Chase & Co. is beefing up in Europe by buying the half of Cazenove it does not already own in a deal valuing the 190-year old UK stockbroker at 2 billion pounds ($3.36 billion).

Karzai sworn in as Afghan leader; vows to fight graft

Veteran Afghan leader Hamid Karzai was sworn in as president on Thursday, pledging to fight graft and take control of his country's security before his five-year term ends, after a fraud-marred election left his image in ruins.

India PM heads to U.S. in test of ties with Obama

India's prime minister and U.S. President Barack Obama meet next week to strengthen ties, with the emerging Asian power increasingly playing a bigger role on global issues such as climate change and trade.

Santander to launch 'free' UK bank account in 2010

Spain's Santander, the banking group which owns Britain's Abbey, Alliance & Leicester and Bradford & Bingley, will next year launch a no-fees current account, with no charges for overdraft use or access to foreign ATMs.

KBC to sell private equity unit in restructuring

Belgian banking and insurance group KBC will divest its private equity unit as part of the restructuring plan required in return for receiving state aid, a spokeswoman for the group said on Thursday.

Obama ready to help a non-nuclear North Korea

U.S. President Barack Obama said he was willing to help North Korea repair its economy and end decades of international isolation if Pyongyang stopped a cycle of threats and finally moved toward nuclear disarmament.

BofA Merrill cuts '10 global semiconductor growth view

BofA Merrill Lynch lowered its 2010 growth forecast for global semiconductor industry and downgraded ten chipmakers, including Intel Corp , turning more cautious on the group on expectations of a modest overshoot in global supply chain inventories.

Australian heatwave in carbon trade battle

Australia's government demanded on Thursday that conservative rivals stop opposing carbon trade laws, citing a heatwave searing the country's biggest cities as evidence of Australia's vulnerability to climate change.

Ukraine leader asks Kremlin to amend gas agreement

Ukrainian President Viktor Yushchenko on Thursday urged Russian President Dmitry Medvedev to change an agreement on supplies of Russian natural gas whose terms he said were too onerous for the Ukrainian economy.

Regulation, suspicion slow U.S. flu response: hearin

Vaccine makers praised the U.S. response to the swine flupandemic on Wednesday but said regulatory delays and public suspicion have held up innovative ways to speed and stretch the U.S. influenza vaccine supply.

Premier Oil cuts 2009 production guidance

LONDON - Oil explorer Premier Oil Plc cut its production guidance for 2009 following a temporary loss of output at the Kakap field in Indonesia and maintenance work at its UK producing fields.

Study showing alcohol may cut heart risk under fire

Spanish research appearing to show that very heavy drinking can reduce men's risk of heart disease has come under fire from scientists who say the study is flawed and should not encourage anyone to drink more.

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