IBT Staff Reporter

116131-116160 (out of 154946)

Safeway 3rd-qtr profit beats view, shares jump

Supermarket chain Safeway Inc posted quarterly profit that beat Wall Street expectations as it cut costs to help counteract declining food prices, sending its shares up nearly 8 percent on Thursday.

ICC prosecutor to examine Guinea killings

The prosecutor of the International Criminal Court said on Thursday he was investigating last month's deadly crackdown on opponents of Guinea's military ruler, Captain Moussa Dadis Camara.

ADM CEO says long-term goal is non-food biofuels

The long-term goal for the biofuels industry will be to use nonfood sources for raw materials rather than grains, but to reach that goal industry must build on and not abandon current technology, biofuels giant Archer Daniels Midland said on Wednesday.

Russia's Medvedev snubs opposition in election row

The Kremlin on Thursday said President Dmitry Medvedev backed the ruling party's landslide victory in disputed regional elections, snubbing opposition parties who walked out of parliament alleging vote-rigging.

Lockheed names Kubasik as president, COO

Lockheed Martin Corp on Thursday said its board had elected Christopher Kubasik as the company's president and chief operating officer, a reorganization aimed at strengthening program oversight in an increasingly difficult environment for U.S. defense spending.

Thai markets tumble on worries over king

Thailand's stock market tumbled more than 8 percent and its currency hit a two-week low on Thursday as investors dumped Thai assets in a panic over the health of the country's revered and long-ruling king.

NATO mulls Afghan troops, decision hinges on Obama

NATO's top defense officials will examine proposals Saturday for a big troop surge to contain Afghanistan's escalating insurgency but any such move hinges on a decision by the U.S. president, NATO military officials said.

Foreclosures fall for second straight month

U.S. mortgage foreclosure filings fell for a second straight month in September, but remained near a record high, amid ongoing and sweeping efforts to keep borrowers in their homes, a report released on Thursday showed.

Nokia swings to surprise loss

The world's top cellphone maker Nokia shocked investors by taking a major writedown at its struggling networks unit and revealing a fall in its smartphone sales from the previous quarter.

Credit losses hit Citigroup earnings

Citigroup Inc posted a quarterly per-share loss as it suffered $8 billion of credit losses, raising questions about when the bank can return to sustained profitability.

Foreclosures fall for 2nd straight month

U.S. mortgage foreclosure filings fell for a second straight month in September, but remained near a record high, amid ongoing and sweeping efforts to keep borrowers in their homes, a report released on Thursday showed.

Google to launch online electronic book store

Google plans to launch an online store for electronic books in the first half of next year, offering about half a million books initially in partnership with publishers with whom it already cooperates.

Oil trims gains to around $75 after one-year high

Oil fell back from a year high on Thursday but stayed above $75 a barrel, reversing its sixth straight positive session after European shares pared gains and the euro fell on disappointing Q3 earnings reports, traders said.

AIG unit ILFC to repay $2 bln loan Thursday - WSJ

American International Group Inc's jet-leasing unit International Lease Finance Corp (ILFC) is going to pay back $2 billion in short-term debt which is due Thursday, the Wall Street Journal said, citing company officials.

Consumer prices edge up

U.S. consumer prices rose marginally in September and the number of workers filing new claims for jobless insurance hit a nine-month low last week, more proof the economy was healing after a protracted recession.

Consumer prices edge up, jobless claims fall

U.S. consumer prices rose marginally in September and the number of workers filing new claims for jobless insurance hit a nine-month low last week, more proof the economy was healing after a protracted recession.

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