IBT Staff Reporter

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CareFusion begins shipping ventilators to US CDC

Medical device company CareFusion Corp said on Monday it has begun shipping more than 3,900 ventilators to the U.S. Centers for Disease Control and Prevention for inclusion in its strategic national stockpile in preparation for the H1N1 swine flu pandemic.

JA Solar's founder leaves company

JA Solar's founder has resigned as vice chairman of the board and will leave the company, the solar power player said on Monday, saying he will pursue other business interests.

Wal-Mart Internet expansion set to succeed-Moody's

Wal-Mart Stores Inc's expansion into e-commerce will likely be successful as the company's aggressive price cuts and broad distribution capability may give Amazon.com Inc a run for its money, Moody's Investors Service said on Monday.

Hasbro gets Transformers boost, other brands weak

Hasbro Inc posted revenue that fell short of Wall Street expectations on Monday as weakness in brands like Monopoly and Strawberry Shortcake offset strong sales of boys' toys tied to the G.I. Joe and Transformers movies.

Greenlight's Einhorn holds gold, says U.S. policies poor

Hedge-fund manager David Einhorn, who warned about Lehman Brothers' precarious finances before it collapsed, said on Monday he's betting on rising interest rates and holding gold as a hedge for what he described as unsound U.S. policies.

Bernanke calls for action on global imbalances

U.S. Federal Reserve Chairman Ben Bernanke warned on Monday that Asian export-promotion policies and large U.S. budget deficits could refuel global economic imbalances and put efforts to achieve more durable growth at risk if not curbed.

New flu can kill fast, researchers agree

The new H1N1 flu is strikingly different from seasonal influenza, killing much younger people than ordinary flu and often killing them very fast, World Health Organization officials said on Friday.

Unspoken rules govern cell phone etiquette

It may not seem like it when commuters are shouting down their cell phones to the dismay of other passengers but most Americans believe there are unspoken rules about mobile phone etiquette.

Housing starts, permits seen rising in September

New construction of U.S. homes and permits for future building likely rose in September, supported by an improvement in sales and declining stocks of unsold properties, according to a Reuters survey.

Gannett profit sinks but beats estimates

Gannett Co Inc, the largest U.S. newspaper publisher, reported a lower quarterly profit and a 28 percent drop in publishing advertising revenue on Monday, but the results were better than expected and shares rose more than 8 percent.

Groups urge US to extend home purchase tax credit

Real estate and banking industry trade groups urged the Obama administration on Monday to press to extend and expand a tax credit for first-time home buyers that they said is instrumental to stabilizing the fragile housing market.

Eaton profit tops forecast, shares gain

Diversified manufacturer Eaton Corp posted a higher-than-expected quarterly profit on Monday, citing cost cuts, early signs of recovery in its markets and a boost from the weak U.S. dollar, sending shares up 5 percent.

More investors overweight equities: Citigroup

Investors are becoming increasingly confident in holding equities as U.S. markets continue to make new yearly highs heading into the final months of 2009, according to a client survey by Citigroup.

Bernanke warns on export-led growth in Asia

U.S. Federal Reserve Chairman Ben Bernanke warned on Monday that pursuit of export-led growth by Asian nations could lead to a reemergence of global trade imbalances and undercut efforts to achieve more durable growth.

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