IBT Staff Reporter

114841-114870 (out of 154943)

Global stocks edge higher; China report hits dollar

A Chinese report saying Beijing should increase its holdings of euros and yen in its foreign reserves knocked the already battered dollar on Monday while global stocks sought to recover from last week's weakness.

Deloitte says 2009 global revenue falls 4.9 percent

Global accounting firm Deloitte Touche Tohmatsu said on Monday revenue at its member firms slipped 4.9 percent in fiscal 2009 to $26.1 billion, hurt by a decline in deal activity in the worldwide economic downturn.

Asian shares uneven; China article trips dollar

Shares in Japan and South Korea rose on Monday, with Seoul lifted by strong economic growth data, while the dollar slid after a Chinese article said Beijing should raise its euro and yen holdings in its reserves.

EU may force BA, AA to give up air slots

British Airways , American Airlines and Iberia may have to give up take-off and landing slots for their Oneworld trans-atlantic alliance to go ahead, the Financial Times reported on Monday.

South Korea shifts course on aid to North Korea

South Korea will make a small grant of humanitarian aid to North Korea, ending its suspension of handouts after a series of conciliatory gestures from its destitute rival, an official said on Monday.

U.S. healthcare system wastes up to $800 billion a year

The U.S. healthcare system is just as wasteful as President Barack Obama says it is, and proposed reforms could be paid for by fixing some of the most obvious inefficiencies, preventing mistakes and fighting fraud, according to a Thomson Reuters report released on Monday.

ECB's Noyer warns banks on excessive risk-taking

European Central Bank Governing Council member Christian Noyer warned that banks are taking the same risks that led to the financial crisis and said they should preserve capital rather than pay it out to bankers and investors.

Noyer warns banks on excessive risk

European Central Bank Governing Council member Christian Noyer warned that banks are taking the same risks that led to the financial crisis and said they should preserve capital rather than pay it out to bankers and investors.

Capmark Financial files for bankruptcy

Commercial real estate company Capmark Financial filed for bankruptcy protection on Sunday, wiping out the investment of several private equity firms including Kohlberg Kravis Roberts & Co.

Wall St. pay wrath thrusts directors in spotlight

Outrage over the lavish compensation that Wall Street has awarded itself for doing a crummy job is likely to increase the focus and burdens on the people who set and monitor how pay is doled out: corporate directors

Land deal advisor resigns from Calpers

The real estate investment manager who led the California Public Employees' Retirement System, the nation's largest pension fund, into a money-losing land venture has resigned as an adviser to the fund, a spokeswoman for MacFarlane Partners said on Saturday.

Shrimp's eye points way to better DVDs

The amazing eyes of a giant shrimp living on Australia's Great Barrier Reef could hold the key to developing a new type of super high-quality DVD player, British scientists said on Sunday.

Earnings, data to determine rally's fate

Stock bulls may hit the pause button again this week if a wave of earnings due from marquee names such as Exxon Mobil and a slew of economic data offer no new incentives to extend Wall Street's seven-month rally.

Shots fired to disperse Afghan Koran protest

Afghan police fired into the air on Sunday to break up a protest by thousands of people who had gathered in the capital, Kabul, to protest against what they said was the desecration of a copy of the Koran by foreign troops.

Pages