IBT Staff Reporter

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Wall St hit by financials, outlook concerns

U.S. stocks slid on Friday as investors worried the economy's recovery might not be sustainable and financials sank as an influential bank analyst projected a $10 billion write-down for Citigroup.
Oct 30, 2009

Chevron profit hit by oil, refinery weakness

Chevron Corp posted a 51 percent drop in quarterly profit on Friday, becoming the latest oil major to be hit by the steep decline in oil and natural gas prices and anemic margins at refineries.
Oct 30, 2009

E-readers may not solve publisher woes yet

Publishers hoping to halt a slide in sales with new electronic reading devices will struggle to get consumers to embrace them until the technology improves, experts say.
Oct 30, 2009

Latin to lose its domain over Internet addresses

The body in charge of assigning the world's Internet users their online addresses on Friday said it had agreed to allow the use of any of the world's scripts, no longer just the Latin alphabet.
Oct 30, 2009

Target.com expands free shipping ahead of holidays

Target Corp is expanding the number of items that qualify for free shipping on its website and rolling out the shipping promotion two weeks earlier than last year as it looks to win holiday sales.
Oct 30, 2009

Consumer sentiment slips in October: survey

U.S. consumer sentiment slipped this month as Americans worried about their personal finances and focused on paying down debts, though confidence in a national recovery remained high, a survey showed on Friday.
Oct 30, 2009

Consumer spending falls, sentiment sours

U.S. consumers cut spending in September and turned gloomier this month, underscoring the fragile nature of the economy's recovery even as signs emerged that manufacturing activity may be picking up.
Oct 30, 2009

Honduras' Zelaya set to return to power

Honduras' de facto government buckled under international pressure on Thursday and agreed to allow the return to power of President Manuel Zelaya, who was toppled in a military coup four months ago.
Oct 30, 2009

Japan CO2 emissions from fuel drop

A slumping economy pushed down Japanese CO2 emissions from burning fuels by a record 6.7 percent in the year to March 2009, the trade ministry said on Friday, but the country is still far from meeting its Kyoto Protocol obligations.
Oct 30, 2009

EU agrees climate funding deal

European Union leaders resolved a funding dispute on Friday to agree a negotiating position for talks on a global deal to combat climate change.
Oct 30, 2009

Colombia, U.S. sign military cooperation deal

Colombia and the United States signed a pact on Friday increasing U.S. access to Colombian military bases, the Colombian government said, deepening its standing as Washington's main ally in the region.
Oct 30, 2009

France's Chirac ordered to face embezzlement trial

Former French president Jacques Chirac has been ordered to stand trial on embezzlement charges dating back to his time as mayor of Paris, an unprecedented move against a former French head of state.
Oct 30, 2009

Israel endorses draft Iran atom deal as first step

Israel offered cautious praise on Friday for a U.N.-drafted, U.S.-backed proposal for dealing with Iran's enriched uranium, calling it a positive first step toward denying Tehran the means to make nuclear weaponry.
Oct 30, 2009

Afghan officials defend plan for more voting centers

Afghan election officials on Friday defended plans to open more polling centers for next week's presidential run-off despite fears not enough is being done to prevent a repeat of the fraud which marred the first round.
Oct 30, 2009

Statin drugs may lower deaths from flu: study

Patients taking statin drugs were almost 50 percent less likely to die from flu, researchers reported on Thursday in a study providing more evidence the cholesterol-lowering drugs help the body cope with infection.
Oct 30, 2009

House takes another step on healthcare reform

Democrats in the U.S. House of Representatives unveiled a sweeping healthcare overhaul on Thursday that would transform the insurance market, create a government-run insurance plan and levy new taxes on the rich.
Oct 30, 2009

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