IBT Staff Reporter

112441-112470 (out of 154944)

Euro zone economy jumps out of recession in Q3

The euro zone economy jumped out of recession in the third quarter, data showed on Friday, but with slightly less spring than expected after the area's top three economies fell short of market forecasts.

Dollar eases, lifting commodities; stocks tick up

The U.S. dollar eased on Friday after overnight gains and ahead of euro zone growth data, boosting metal and crude prices, while world stocks drifted higher. The dollar rose overnight against a basket of currencies but succumbed to another sporadic bout of profit-taking, and traders said the currency's broad weakness was likely to continue over the longer term.

Stock futures signal rise; A&F, JC Penney eyed

Stock index futures pointed to a higher open for U.S. shares on Friday after snapping a six-day winning streak in the previous session, with investors awaiting earnings from JC Penney and Abercrombie & Fitch .

Currencies in focus as Obama tours Asia

A rare rally in the U.S. dollar was the focus in Asia on Friday as investors wondered if President Barack Obama's nine-day visit to the region would generate pressure on some countries to let their currencies rise.

Former bankers look to buy failing banks: report

Some former bankers are planning to bid for failing banks in the Federal Insurance Deposit Corp auction process, and getting financial backing from Wall Street firms like Goldman Sachs Group Inc and Deutsche Bank AG , the Wall Street Journal reported citing sources.

Chinese quiz Obama on trade, Tibet and Yao Ming

Chinese Internet users want to quiz U.S. President Barack Obama about trade feuds, basketball, Tibet and whether he will cede California to China, according to websites seeking questions for a town hall meeting.

Apple grabs 17% of smartphone share

Apple's global smartphone share reached 17 percent as iPhone sales totaled 7 million units in the third quarter, following the continued rollout of the iPhone 3GS in new countries, research firm Gartner said on Thursday.

Blockbuster loss grows as sales drop

Blockbuster Inc , the largest U.S. movie rental chain, posted a larger-than-expected quarterly loss as revenue fell more than 20 percent, and its shares dropped 12 percent in after-hours trade.

October U.S. video game sales down 19 percent: NPD

Sales of video game equipment and software in the United States tumbled 19 percent in October to $1.07 billion, research group NPD said on Thursday, troubling figures as the industry heads into the most important selling weeks of the year.

TV guide for the Internet age launched

Clicker.com launched a TV Guide for Internet television on Thursday, designed to provide a new way to find everything from old Seinfeld episodes to cooking shows.

FDA tackles gray area of social media

WASHINGTON - Drug makers, Internet companies and nonprofits called for clarity on what is a gray area for U.S. health regulators: how drug promotion on Twitter, Wikipedia, blogs and other social media can be regulated.

Fed did not intervene in FX market in Q3: NY Fed

U.S. monetary authorities did not intervene in the foreign exchange markets in the third quarter as the dollar fell broadly against major and emerging market currencies, the Federal Reserve Bank of New York said.

British ex-PM Blair faces Iraq inquiry next year

Former Prime Minister Tony Blair will face questioning next year about Britain's entry into the Iraq war from a committee which has heard the decision was illegal and based on deception, its chairman said on Friday.

Idol champ Allen's CD reflects life on the road

American Idol champion Kris Allen, who once traveled the world on church missionary trips, took an equally wayfaring approach to record his new album, working in studios across the United States.

White House says open to using TARP to ease debt

The Obama administration is weighing how a $700 billion financial rescue fund could be used to ease the U.S. debt burden, the White House budget director said on Thursday, as data showed the deficit had deepened.

Government sued for defunding scandal-hit ACORN

The scandal-hit liberal grass-roots group ACORN sued the U.S. government on Thursday, saying it did not have the right to cut off ACORN's federal funding because the group had not been convicted of a crime.

China's big coal province disrupted by snow

Thousands of vehicles have been trapped on roads after two days of snow in China's biggest coal-mining province, disrupting the movement of people and coal, state media reported on Wednesday.

Pages