IBT Staff Reporter

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Belgacom, RBS sign mobile money transfer deal

Belgian phone operator Belgacom's international carrier business said on Thursday it had signed a preliminary deal with Royal Bank of Scotland (RBS) to enhance its system which enables mobile phone customers to transfer money from one mobile phone to another.

Las Vegas Sands loan faces bumps, may pressure IPO

Las Vegas Sands Corp may struggle to secure up to $2 billion in financing for mothballed projects and dent already-lowered valuations for the planned Hong Kong initial public offering of its Macau operations, bankers and analysts said.

Home sales scale 2 year high in September

Sales of previously owned U.S. homes jumped to a two-year high last month, according to data on Friday, though the looming expiry of a tax incentive for first-time home buyers was a major factor spurring sales.

AT&T may lose Apple iPhone's exclusivity, CEO says

AT&T may lose its exclusive deal with Apple for iPhone, which lifted its third-quarter profit with 3.2 million activations over the period, AT&T Mobility CEO intimated on Thursday during a conference call with analysts.

US gold ends lower as dollar up vs major currencies

New York gold futures ended lower in choppy trade on Friday, reversing gains from earlier in the session as the dollar rebounded against a basket of major currencies after an optimistic U.S. housing report and bleak U.K. economic data.

Rise in sterling Libor pauses after GDP shock

Benchmark sterling interbank lending rates paused at 5-week highs on Friday after news that Britain's economy unexpectedly contracted again, while abundant amounts of liquidity kept euro and dollar rates pinned at record lows.

IMM speculators increase short bets on US dollar - CFTC

Currency speculators increased bets against the U.S. dollar in the latest week, according to Commodity Futures Trading Commission data released on Friday. The value of the dollar's net short position rose to $18.65 billion in the week ending Oct 20 from a $17.99 billion net short the prior week.

Dow ends below 10,000; industrials drag

U.S. stocks fell on Friday, with the Dow slipping below the 10,000 mark, as weak results from industrial companies overshadowed robust earnings from tech heavy-weights.

Polanski could face two years prison if extradited

Film director Roman Polanski could face two years in prison if extradited to the United States after fleeing sentencing in California on child sex charges in 1978, the Swiss justice ministry said on Friday.

Democrats gauge options on public health plan

Democrats in the U.S. House of Representatives struggled on Friday to agree on which version of a government-run health insurance plan to include in a reform bill, but said one was certain to be in the final legislation.

Liquidation nears at German carmaker Karmann

Independent German contract carmaker and convertible roof-top specialist Karmann is nearing liquidation as new orders remain out of sight and customers remain unwilling to pay their bills.

CFTC chief urges clearing of non-major swaps

The U.S. futures regulator urged Congress to require thousands of non-major financial firms and funds to use clearinghouses to reduce the risk of another market collapse as part of its reform of the $450 trillion swaps market.

GM board to reconsider Opel in early November

General Motors will decide in early November whether to proceed with a deal to sell its European arm Opel to a group led by Canada's Magna or to seize a new opportunity to keep the unit after seven months of grinding negotiations.

JD Power sees US auto sales down 6 pct in October

October U.S. auto sales should be down about 6 percent from a year ago, marking the first single-digit monthly decline since May 2008, influential industry forecasting firm J.D. Power and Associates predicted on Friday.

Motorola Droid announces its debut date

Verizon and Motorola launched their Droid Does campaign recently which caused a stir, and they are expected to announce details of the new Motorola Droid on October 28.

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