IBT Staff Reporter

112921-112950 (out of 154944)

AIG likely to be able to repay government-Moody's

American International Group Inc has made tangible progress on its restructuring plan and will likely be able to repay the government's loan and much of its preferred equity stake, Moody's Investors Service said on Monday.

JAL may negotiate debt restructuring -sources

A government task force working on a revival plan for Japan Airlines Corp is considering using a debt restructuring mediation scheme to help ease the airline's financing woes, two sources familiar with the matter said.

InterContinental warns trading still challenging

InterContinental Hotels, the world's biggest hotelier, said it was too early to forecast a recovery as trading conditions remained challenging after posting a 19 percent fall in third-quarter operating profit.

Precious enjoys charmed life -- so far

It seems almost strange to recall now, but when Precious premiered at Sundance in January, it not only wasn't the biggest movie of the festival, it wasn't even the biggest movie of the night.

Bristol-Myers buys rights to RA drug $85 million

Bristol-Myers Squibb Co said on Tuesday it agreed to pay $85 million for the rights to an experimental rheumatoid arthritis drug being developed by privately held biotechnolgy company Alder Biopharmaceuticals Inc.

Animated films could impact Oscars

As the buzz on a best-picture nomination for WALL-E hit a fever pitch last year, one Pixar confided: This is it. This is our last chance. After this year, we're out of the awards game.

Barclays, HSBC signal bad debts may have peaked

Britain's top two banks, HSBC and Barclays , signaled bad debts may be past their peak, with HSBC declaring on Tuesday the first improvement for three years in losses on U.S. consumer credit.

Glee brings joy to beleaguered music industry

Its characters may feel like a bunch of unloved high-school misfits, but the quirky musical TV comedy Glee is putting smiles on the faces of music industry executives searching for new revenue in an era of plunging album sales.

Two Koreas in brief naval clash, vessels hit

Navies from the rival Koreas exchanged gunfire for the first time in seven years on Tuesday, damaging vessels on both sides and raising tension just days before President Barack Obama travels to Asia.

Obama to visit Asia as domestic issues smolder

Barack Obama this week makes his first trip to Asia as president, leaving behind a host of domestic problems with a visit that recognizes the region's economic and diplomatic importance to the United States.

Eager fans greet Call of Duty game launch

Activision Blizzard Inc's hugely anticipated Call of Duty: Modern Warfare 2 videogame went on sale early Tuesday morning, welcomed by eager fans who lined up hours in advance of the release.

Climate deal to prevent doubling of energy bills

A climate change deal is needed not just to ward off global warming, but to ensure a shift from increasingly costly fossil fuels that could lead to a doubling of energy bills, the IEA's chief economist said on Tuesday.

Energy demand to rise rapidly if no CO2 deal: IEA

World energy consumption will rise rapidly over the next 20 years, pushing up costs and increasing greenhouse gases, unless a deal is reached to curb carbon dioxide emissions, the International Energy Agency (IEA) said Tuesday.

Philippines close to lifting fuel price cap

The Philippines edged closer on Tuesday to lifting a cap on fuel prices in the typhoon-stricken island of Luzon, after the country's president urged a government panel to decide if the area's calamity status should be removed.

Tyco International quarterly earnings fall

Industrial conglomerate Tyco International Ltd posted a 53 percent drop in quarterly net profit as soft economic conditions sapped demand for its construction and control products.

Indonesia says delay in LNG talks with KOGAS

Talks between Indonesia and Korea Gas Corp over liquefied natural gas (LNG) shipments have been temporarily halted, which may delay deliveries, an official at Indonesia's energy watchdog said on Tuesday.

NPS to invest $863 mln in S.Korea companies -paper

South Korea's National Pension Service is in the final stages of talks with SK Energy and other companies to pump a combined 1 trillion won ($863 million) into their plants and equipment, a newspaper reported.

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