IBT Staff Reporter

118081-118110 (out of 154945)

Judge rules BofA suit over Bear loss can proceed

A federal judge said Bank of America Corp may pursue a lawsuit accusing former Bear Stearns Cos managers Ralph Cioffi and Matthew Tannin of lying in an attempt to prop up two failing hedge funds.

Wolfgang's Vault offering concerts for download

The once controversial Wolfgang's Vault, which has amassed the largest collection of licensed streaming live recordings on the Internet, is about to make a treasure trove of those concerts available for downloading.

VW's Czech Skoda eyes post-scrappage output cut

Volkswagen's (VOWG.DE) Czech unit, Skoda Auto, is considering halting production for two days in October after demand fell following the end of a scrappage subsidy in Germany, a spokesman said on Thursday.

Thousands feared dead after Indonesia quake

Rescue teams struggled on Thursday to reach scores of people trapped under debris and survivors pleaded for aid after a powerful quake hit the Indonesian city of Padang, possibly killing thousands.

NextEra shuts NH Seabrook reactor for refuel

NextEra Energy Resources LLC, a subsidiary of FPL Group Inc (FPL.N), shut the 1,245-megawatt Seabrook nuclear power station in New Hampshire on Oct. 1 for a planned refueling and maintenance outage, a spokesman for the plant said.

LSE says in exclusive talks to buy Turquoise

The London Stock Exchange said it has entered into exclusive talks with low-cost trading platform Turquoise Trading Ltd., as rising competition forces trading houses to consolidate.

Nike denies endorsement deal with NFL player Vick

Nike Inc on Thursday denied it has an endorsement deal with Michael Vick more than two years after dumping the National Football League quarterback following his arrest for bankrolling a dog-fighting ring. Nike said it was only supplying gear for Vick as it does with many athletes. In such deals, Nike does not pay the athlete.

Turkish student throws shoe at IMF chief

A Turkish student threw a shoe at International Monetary Fund Managing Director Dominique Strauss-Kahn on Thursday as he made a speech to students in Istanbul ahead of the IMF's annual meeting.

Bernanke, Rep. Frank trim sails on risk

The head of the Federal Reserve and a key U.S. lawmaker on Thursday backed away from a controversial provision of the Obama administration's financial regulation reform plan, saying new oversight by the Fed on systemic risk should be shared with other regulators.

Philippines braces for second stronger typhoon

Millions of people were battling on Thursday to cope with the aftermath of a typhoon that cut a destructive path through parts of Southeast Asia, killing 400, as an even stronger storm headed toward the Philippines.

Wall Street slumps after manufacturing data

U.S. stocks fell further on Thursday, with major indexes down more than 1 percent, after data showed the manufacturing sector grew in September, but at a slower pace than anticipated.

Oil hovers near $70.50 after near $4 jump

Oil pared losses to trade above $70 a barrel after the biggest daily jump since April on the back of a hike in U.S. consumer spending and as tensions between Iran and the West lent support.

Bernanke changes tack on systemic risk regulator

The head of the Federal Reserve adopted a new tone on Thursday over a key plank of the Obama administration's proposed plan for financial regulation reform, saying new oversight powers proposed for the U.S. central bank should be shared with other regulators.

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