IBT Staff Reporter

115051-115080 (out of 154953)

Oil dips below $81, skeptical on economy

Oil prices slipped back below $81 a barrel on Friday after skepticism the economic recovery was robust enough to spur a convincing rise in fuel demand quelled the appetite to extend this week's powerful rally.

Anne Hathaway, Neil Patrick Harris join Rio

Anne Hathaway, Neil Patrick Harris and Rodrigo Santoro are negotiating to lend their voices to Rio, the next collaboration between Blue Sky Studios, Fox Animation and director Carlos Saldanha, all of whom are riding the $882 million global tsunami of Ice Age: Dawn of the Dinosaurs.

Three vie for European Film Awards' animation prize

Finnish Christmas film Niko & The Way to the Stars, Ireland's The Secret of Kells and Mia and the Migoo from French director Jacques-Remy Girerd are the nominees for best animated feature film for the 2009 European Film Awards.

GM puts signing of Opel sale on hold

General Motors put on hold a deal to sell a 55 percent stake in carmaker Opel to a Russian-backed consortium led by Canadian automotive group Magna , GM's chief negotiator on the deal said on Friday.

Ingersoll profit down 5 percent

Ingersoll-Rand PLC , a maker of heating and cooling systems for homes, businesses and transport, reported a 5 percent drop in quarterly profit on Friday and said it continued to see challenges in its markets.

Microsoft profit, sales smash expectations

Microsoft Corp smashed Wall Street's profit and sales expectations on Friday, sending its shares up 9 percent, as the PC market showed signs of stabilizing and sales of its Windows software and Xbox game consoles held up much better than expected.

Solar recovery to start, but 2010 outlook dim

European solar equipment makers are slowly emerging from the crisis that has hit the sector, quarterly results will show, but the outlook beyond 2009 will be uncertain due to tight credit and oversupply.

Exelon revenues slide, trims forecast

Power company Exelon Corp posted an 8 percent increase in third-quarter profit, but its revenue fell far short of Wall Street expectations and it dropped its forecast to the bottom end of its previous range.

Honeywell profit tops Street view, shares up

Diversified U.S. manufacturer Honeywell International Inc posted a 15 percent profit drop that was far less severe than analysts had forecast, sending its shares higher in light premarket trading.

GM CEO to get rise in compensation -report

General Motors Chief Executive Fritz Henderson will get a rise in his compensation package to $5.45 million under new rules advocated by the U.S. pay czar, Bloomberg said, citing a person familiar with the matter.

Fortune Brands profit tops view; ups outlook

Fortune Brands Inc reported a quarterly profit that topped analysts' estimates on Friday and said each of its business units performed at or above its expectations, sending shares of the consumer goods company up 2.4 percent.

Japan may weaken CO2 target if no global pact

Japan could weaken its target for a 25 percent cut in greenhouse gas emissions by 2020 if all major emitters do not reach agreement on an ambitious global climate pact, the environment minister said Friday.

Microsoft results point Wall St to higher open

Stock futures pointed to a higher open on Friday after Microsoft Corp's quarterly earnings topped expectations and ahead of data expected to show monthly improvement in the housing market.

Bernanke: Fed mulling bank capital surcharge

U.S. Federal Reserve Chairman Ben Bernanke said on Friday regulators are considering a capital surcharge on large banks as one way to reduce the risk any one firm's problems could destabilize the financial system.

Investment risks could maim Kyoto emissions scheme

A combination of investment risks threatens to obstruct an already stumbling U.N.-backed $6.5 billion market in clean energy projects in emerging nations, years before the scheme's first phase is due to end.

Bernanke: Bank capital surcharge under review

U.S. Federal Reserve Chairman Ben Bernanke said on Friday regulators are considering a capital surcharge on large banks to reduce the risks that any one firm's problems could destabilize the financial system.

FACTBOX: What happens to spent nuclear fuel?

GE Hitachi Nuclear Energy has proposed an alternative nuclear fuel recycling system, which could reduce radioactive waste and avoid extraction of plutonium that can be used for making weapons.

Oil holds above $81, skeptical on economy

Oil prices rose on Friday, holding above $81 a barrel, but skepticism economic recovery was robust enough to spur a convincing rise in fuel demand limited the appetite to extend this week's powerful rally.

Microsoft profit, sales beat expectations

Microsoft Corp's quarterly profit fell a smaller-than-expected 18 percent on Friday, as the world's largest software company held up better than feared, sending its shares up 8 percent.

Nigeria, software firms look to halt Internet crime

Nigeria's anti-corruption police is working with top computer software companies to halt thousands of fraudulent emails in a crackdown on internet crime in Africa's most populous country, an agency spokesman said.

Schlumberger profit tumbles

Oilfield services leader Schlumberger Ltd reported lower quarterly earnings on Friday, hurt by weaker energy prices and slowing exploration spending.

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