IBT Staff Reporter

114721-114750 (out of 154952)

Wall Street sinks on home builder worry, financials

U.S. stocks fell for a second straight session on Monday as investors ditched home builders and financials on fears that a federal home buyer tax credit might be phased out, while commodity shares succumbed to pressure from the higher U.S. dollar.

GM's CEO has very good outlook on Brazil: report

General Motors said Brazil's car market has a very good outlook and the automaker will reinvest profits from the country's unit locally, Chief Executive Fritz Henderson told newspaper O Estado de S. Paulo in an interview on Monday.

Madoff friend drowned due to heart attack

Billionaire philanthropist Jeffry Picower accidentally drowned in his Florida swimming pool after suffering a heart attack, police investigating the death of the prominent Bernard Madoff investor said on Monday.

Wall Street drops with financials, dollar rises

U.S. stocks ended down for a second straight session on Monday as investors ditched shares of financial companies and home builders on fears that a federal home buyer tax credit might be phased out, while commodity stocks wilted under pressure from the stronger U.S. dollar.

Peace In Montreal, Quebec

In our society, we so often hear that we are unable to fully apprehend and enjoy anything unless it comes from our own culture. For instance, we hear that you cannot really appreciate jazz or blues music if you are white, or certain religious concepts or places unless you belong to that religion, and so on.

Madoff friend drowned due to heart attack: police

Billionaire philanthropist Jeffry Picower accidentally drowned in his Florida swimming pool after suffering a heart attack, police investigating the death of the prominent Bernard Madoff investor said on Monday.

Obama readies tougher too big to fail strategy

The Obama administration within days will move to get tougher with large financial firms that are in trouble by urging Congress to let the government seize control, wipe out shareholders, boot management and restructure debts, an administration official said on Monday.

The 7 Deadly Sins of Travel

If you travel often I'm sure that at some point you've found yourself listening to a fellow backpack-toting wanderer berate his peers for not being 'good travellers'. But really, is there such a thing as a

Obama plans big smart grid announcement

President Barack Obama will announce the largest investment of economic stimulus funds in clean energy during a visit to Florida, an Obama administration official said on Monday.

Calpine reduces Calif Otay Mesa natgas unit

Calpine Corp reduced the 600-megawatt Otay Mesa natural gas fired power plant in California for planned and unplanned reasons by Sunday afternoon, the California ISO said in a report.

FDIC's Bair sees consensus on too big to fail

Key officials and lawmakers are reaching a growing consensus on the need for a strong mechanism that would allow the government to dismantle troubled financial giants, the chairman of the Federal Deposit Insurance Corp said on Monday.

UBS hires former Citi, Barclays banker

UBS AG hired a former Citigroup and Barclays Capital banker as managing director in its investment banking department in the Americas, as the Swiss company expects equity sales to increase in 2010.

Wall St falls on financial, commodity shares

U.S. stocks fell on Monday as financial shares tumbled over concern that a federal tax credit for home buyers would expire and as commodity-related shares lost ground on falling oil prices.

Economic reports point to bumpy recovery

Regional economic reports on Monday suggested the U.S. economy has clambered back to levels associated with the end of recession, but recovery will be patchy and may prove fleeting.

Twitter entries satirize works of literature

Deciphering William Shakespeare plays in school essays apparently was not enough for two university students who have written a book of Twitter entries that summarize and satirize works of literature.

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