IBT Staff Reporter

115771-115800 (out of 154943)

UK to tighten mortgage rules, ban liar loans

Britain's financial regulator plans to force mortgage lenders to check the income of all borrowers, scrapping so-called liar loans blamed for helping to fuel bad debt problems at the heart of the credit crunch.

Hasbro profit tops Street estimates

Hasbro Inc reported a higher-than-expected quarterly profit on Monday, boosted by demand for movie-related toys, although revenue fell short of expectations.

Futures rise on earnings optimism

U.S. stock index futures rose on Monday, as the outlook for corporate earnings lifted investor optimism about the vitality of an economic recovery.

EU says Germany assures Opel aid is unconditional

Germany has assured GM and the Opel Trust that its 4.5 billion euros ($6.70 billion) offer in financial aid for Opel is not tied to the choice of an investor or a plan, a European Commission spokesman said on Monday.

FTSE up 1.3 pct; miners and energy firms advance

Gains in miners and energy firms pushed Britain's top shares 1.3 percent higher by midday on Monday, underpinned by firmer commodity prices, while investors awaited corporate earnings from the United States for further direction.

RPT-PREVIEW-Bank of Canada unlikely to make dramatic moves

The Bank of Canada is likely to play it safe when it outlines its policy stance this week, holding the line on interest rates and tinkering at the margins of its economic forecasts as it waits for firmer evidence that the recovery is for real.

Europe shares jump 1 pct; technical outlook bright

European shares bounced back on Monday to hover near last week's 12-month highs, with banks, food producers and drugmakers leading the advance ahead of more earnings results from major companies such as Apple (AAPL.O).

Apple's on a roll, but iPhone sales pivotal

Apple Inc is once again expected to top Wall Street's estimates when it unveils quarterly earnings today, but it may have to beat by a lot to drive an already lofty share price higher.

Where the Wild Things Are tops weekend box office

Where the Wild Things Are topped the North American box office, according to studio estimates on Sunday, a strong start for a film that, like its little boy hero, sailed into somewhat uncharted waters.

UK regulator outlines plans to ban liar loans

Britain's financial regulator plans to force mortgage lenders to check the income of all borrowers, scrapping so-called liar loans blamed for helping to fuel bad debt problems at the heart of the credit crunch.

BAIC says man accused of trade theft on leave in U.S.

A Chinese national accused of stealing trade secrets from Ford Motor Co was employed by Beijing Automotive Industry Holding Corp , China's fifth-biggest automaker, but was in the United States on personal leave when he was arrested, BAIC said Monday.

JAL's banks reject restructure plan, shares rebound

Creditors of Japan Airlines Corp have rejected the struggling carrier's restructuring plan and are pushing for a cut in debt waivers and details of the use of state funds, a source familiar with the matter said.

Stock futures signal rebound along with commods

U.S. stock index futures pointed to a rebound on Wall Street on Monday, with futures for the S&P 500 up 0.46 percent, Dow Jones futures up 0.26 percent and Nasdaq 100 futures up 0.52 percent at 3.30 a.m. EDT.

Asia shares steady, oil hits 1-year high

Asian shares hovered near 14-month highs on Monday, shaking off an early dip after disappointing earnings from U.S. corporate bellwethers such as General Electric Co spurred some investors to take profits.

Earnings blitz to test market's mettle

U.S. stocks could slip this week if the spate of earnings from bellwethers including Apple Inc and Caterpillar Inc do not live up to heightened expectations.

Crisis shows need to right imbalances: Bernanke

The financial crisis has spotlighted the importance of dealing with global imbalances in trade and capital flows, Federal Reserve Chairman Ben Bernanke said on Sunday at a Fed conference on Asia.

Google goes global with Apps, has 2 million customers

Google Inc said more than 2 million businesses now use its online office software, and the Web search leader is going global on Monday with an advertising campaign to lure customers away from Microsoft Corp and IBM products.

Verizon offers discounts to compete with cable

Verizon Communications is advertising new discounts on Monday for customers who sign up for four of its telecommunications services, as it looks to recoup market share from cable rivals in the holiday shopping season.

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