IBT Staff Reporter

116791-116820 (out of 154952)

Landslides, floods kill 184 in Philippines

Philippine President Gloria Macapagal Arroyo mobilized troops on Saturday to clear roads of debris and mud in mountainous northern provinces isolated by landslides and floods that left 184 dead after a week of heavy rains.

China urges neighbors, U.S. to talk to North Korea

North Korea wants to ease a standoff with the United States, Japan and South Korea, Chinese Premier Wen Jiabao told East Asian neighbors at a summit focused on Pyongyang's nuclear weapons and regional integration.

China objects to U.S. steel pipes probe

China said it adamantly opposed a U.S. inquiry that could lead to new duties of 100 percent or more on seamless steel Chinese-made pipes, accusing Washington of blindly hitting its products with anti-dumping accusations.

Obama urges lawmakers to finish healthcare reform

With a critical Senate committee vote on healthcare reform looming, President Barack Obama on Saturday urged lawmakers to unite behind the effort but Republicans warned the plan would slap a hefty tax on many Americans.

Gunmen attack Pakistani army HQ

Suspected Taliban militants wearing army uniforms attacked the Pakistani army's headquarters on Saturday, killing six soldiers and triggering a battle in which four gunmen died, military officials said.

Safilo good investment -Italy's Della Valle

The Della Valle family's stake in Italian debt-laden eyewear maker Safilo is a good investment and the company could do great things with a local rival, Diego Della Valle said in a Saturday newspaper interview.

Retailers try to break deep discount habit

U.S. retailers that pushed deep, margin-sapping discounts in 2008 to try to lure holiday shoppers during the recession are going to try to break consumers of the 70 percent-off habit in 2009.

EU directive could hit Canada hedge fund business

Canadian hedge funds may lose more than 20 percent of their business if the European Union approves a proposed directive restricting foreigners' ability to sell into the EU, a top fund manager said on Thursday.

Brazil stocks touch year-high on economy hopes

Brazil stocks racked up yet another high for the year to date on Friday, as Brazilian stocks followed foreign markets upward after profit-taking in the morning. The benchmark Bovespa index rose 0.49 percent to 64,071.01, after hitting a new intraday high for the year as investors stayed optimistic about Brazil's economic recovery.

Bernanke sees tighter policies as economy heals

The U.S. Federal Reserve must continue to prop up the economy for an extended period but can't do so indefinitely for fear of triggering an inflationary surge, Federal Reserve Chairman Ben Bernanke warned on Thursday.

Heidelberg sees FY oper loss of up to 150 mln eur

Heidelberg, the world's largest maker of printing presses, expects its full-year loss could triple compared with fiscal 2008/09 as underutilised print shops remain unwilling to invest in new machines.

Dole sets IPO terms, Birds Eye aims to go public

Dole Food Co Inc, the world's largest producer and marketer of fresh fruits and vegetables, set terms for a planned initial public offering, including a price range and the number of shares it expects to sell, suggesting that the IPO is imminent.

National Semi's CEO retires, COO takes helm

National Semiconductor Corp Chief Executive Brian Halla plans to retire at the end of November, and Chief Operating Officer and company veteran Donald Macleod will take up his post.

CEO of Brazil airline TAM unexepectedly resigns

The chief executive of Brazil's TAM Linhas Aereas resigned unexpectedly on Friday after less than two years on the job, prompting the airline to promote its chief financial officer on an interim basis.

Ex-Enron employees seek $24 mln in severance pay

A committee of former Enron employees is seeking U.S. bankruptcy court approval to distribute about $24 million in severance pay from a litigation trust to 3,500 former employees of the collapsed energy trader.

Mega-IPOs to breed more, but pricing seen key

Giant initial public offerings this week by Banco Santander (Brasil) SA and Verisk Analytics are likely to be followed by more outsized IPOs, but the mixed performance of the stocks shows selling future deals could be difficult.

Global and U.S. IPO league tables

The biggest week for initial public offerings in 18 months, fueled by offerings from Banco Santander (Brasil) SA and insurance risk specialist Verisk Analytics Inc that raised a combined $10 billion, provided a much-needed boost to investment bankers.

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