IBT Staff Reporter

118801-118830 (out of 154943)

Marriott Announces Big Cutbacks

Marriott International Inc. announced Wednesday that it will stop building new timeshare and luxury-vacation projects and write down the value of the projects it already has under construction by $760 million.

Twin car bomb attacks kill 16 in NW Pakistan

Two car-bomb blasts killed at least 16 people in northwestern Pakistan on Saturday, evidence militants still have power to strike despite the death of a top Taliban commander last month.

G20 faces credibility test on markets, climate

The Group of 20 rich and developing economies, fresh from a triumphant show of unity at Pittsburgh, faces months of deal-making and communication to markets that will test its credibility as the premier global forum for economic cooperation.

Swedish car maker could pull out of Saab deal: report

Swedish luxury car maker Koenigsegg Group could pull out of its planned purchase of Saab Automobile from General Motors unless steps to secure loans are in place by Wednesday, a part owner told a newspaper on Saturday.

Koenigsegg could pull out of Saab deal

Koenigsegg Group could pull out of its planned purchase of Saab Automobile from General Motors unless certain milestones are reached in the coming days, a major owner told a newspaper on Saturday.

Upbeat G20 faces credibility test on markets, climate

The Group of 20 rich and developing economies, fresh from a triumphant show of unity at Pittsburgh, faces months of deal-making and communication to markets that will test its credibility as the premier global forum for economic cooperation.

Toyota raises world '09/10 sales forecast: report

Toyota Motor Corp , has raised its global sales forecast for the year to March 2010 by 3 percent to 6.7 million cars, the Tokyo Shimbun daily reported on Saturday, in the latest sign of a nascent recovery in auto demand.

U.S. consumers say spending habits changed for good

A majority of U.S. consumers say they have permanently changed their spending and savings habits in response to the global financial markets crash and recession, according to a Citigroup survey released on Friday.

California sets biggest energy efficiency plan

California said it had approved the most aggressive energy efficiency plan among U.S. states on Thursday, earmarking $3.1 billion to retrofit homes and other programs that will cut power needs equivalent to three medium-sized power plants.

Aussies quicker to spend than Americans

The study, conducted by ANU economist Professor Andrew Leigh from the Research School of Social Sciences, used results from the most recent ANU Poll, which surveyed a random sample of households.

G20 upbeat on economy, pledges financial reforms

The Group of 20 rich and developing nations promised to give rising powers such as China more say in rebuilding and guiding the global economy, and declared their crisis-fighting efforts a success on Friday.

Twitter gets new round of funding, new backers

Twitter received $100 million in funding on Friday, valuing the company at $1 billion, according to a person familiar with the matter, as investors bet that the Web company's explosive growth will yield actual revenue or a lucrative deal.

CIC to invest $1 billion in Oaktree: report

China Investment Corp, the $200 billion sovereign wealth fund, has agreed to invest about $1 billion in Los Angeles-based Oaktree Capital Management, the Wall Street Journal reported on its website on Friday.

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