IBT Staff Reporter

118861-118890 (out of 154943)

Fed officials say policy path hard to communicate

U.S. Federal Reserve officials mused about the timing and pace of the central bank's removal of its unprecedented support for the economy on Friday, saying the shift could be abrupt and might be hard to communicate to financial markets.

Ambac, BofA, German central bank add to Lehman claims

Ambac Financial Group , Bank of America and Germany's central bank are among new entities claiming assets against Lehman Brothers after banks and investors worldwide took losses to the largest bankruptcy in U.S. history.

IBM involved in failed IT plan for UK spies-report

IBM was the main supplier in a failed project by British intelligence to upgrade its communications system so various organizations and agents in different locations could share information, a report said on Friday.

Millions of Homes May Have Health Hazards

An estimated 5.7 million U.S. families live in substandard housing, with one in every three houses in U.S. metropolitan areas plagued by health hazards, according to a study released Thursday.

Black Eyed Peas, Jay-Z lead U.S. singles chart

The Black Eyes Peas' I Gotta Feeling reigned for a 13th week on the Billboard Hot 100 singles chart Thursday, besting the 12-week stay at the summit of Boom Boom Pow, the hip-hop band's previous single that directly preceded its follow-up at No. 1.

Twitter announces new funding, backers

Internet microblogging service Twitter said it closed a new round of funding on Friday with five investors, including mutual fund giant T. Rowe Price and private equity firm Insight Venture Partners.

Bank of America urges dismissal of SEC complaint

Bank of America Corp urged a federal judge to dismiss the U.S. Securities and Exchange Commission's complaint accusing it of misleading shareholders about bonuses it let Merrill Lynch & Co pay employees before the companies' January 1 merger.

Wall Street drops on recovery worry, RIM results

Stocks fell on Friday as investors wrestled with disappointing data on durable goods orders and housing, while Research In Motion's lackluster results dented recent optimism about technology spending.

Gap founders' modern art finds San Francisco home

The San Francisco Museum of Modern Art will exhibit a large collection of important 20th century art amassed by the founders of the Gap apparel chain including pieces by Warhol, Lichtenstein and de Kooning.

RIM seen facing increased market-share pressure

BlackBerry maker Research In Motion could see its share of the smartphone market eroded by competing devices like Apple's iPhone, analysts warned on Friday as RIM's stock plunged more than 16 percent in the wake of a disappointing profit and outlook report.

G20 takes charge of world economy

The Group of 20 will become the forum for global economic management, giving rising powers such as China more clout, and will roll out tougher rules for banks by the end of 2012, a draft communique said on Friday.

U.S. banks report $5.2 billion in Q2 trading revenue

U.S. commercial banks reported a drop in trading revenues for the second quarter as earnings from interest products plunged, though revenues were boosted by improving credit markets, the Office of the Comptroller of the Currency said on Friday.

Twitter snags new investment, backers

Twitter closed a new round of funding on Friday with five investors including mutual fund giant T. Rowe Price and private equity firm Insight Venture Partners, underscoring growing investor interest in the three-year-old Internet microblogging service.

Honda unveils battery-powered unicycle

Honda Motor Co has unveiled an electric battery-powered personal transporter, a unicycle shaped like the number eight that riders steer by leaning in the direction they want to travel.

Fitch puts AIG leasing unit on negative watch

Fitch Ratings put AIG's aircraft leasing unit, International Lease Finance Corp. on negative rating watch on Friday, citing concerns whether the company could be sold in a way that would keep its ratings at investment grade level.

Fed's Warsh: Policy turn could be aggressive

A shift in the Federal Reserve's accommodative monetary policy will likely come before it is clearly necessary based on economic data and could be rapid, a top Fed policymaker said on Friday.

Wall St falls after data; RIM weighs on Nasdaq

U.S. stocks fell for a third straight session on Friday due to weaker-than-expected data on durable goods and home sales, while disappointing results from BlackBerry maker Research in Motion weighed on the Nasdaq.

Pay czar will not cap compensation, reveal names

President Barack Obama's pay czar said on Friday he will not cap compensation for the top employees at bailed-out companies, and will not reveal names, when he releases the first wave of decisions within a few weeks.

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