IBT Staff Reporter

119071-119100 (out of 154943)

Is the Foreclosure Slowdown Temporary?

Legal entanglements and well-intentioned home-owner-assistance efforts have slowed the pace of foreclosures, but eventually many of these distressed homes will hit the market anyway.

China home prices to ease, boding well for economy

Chinese housing prices have surged since March, but they will soon lose momentum and even start to fall around the end of the year, boding well for a more sustained contribution to overall economic growth.

Canwest shares leap on news of Network Ten sale

Shares of Canwest Global Communications Corp, Canada's biggest media company, jumped more than 75 percent on Thursday after it announced it would sell its stake in Australia's Network Ten television network for more than C$630 million ($578 million).

Solvay unit bid war looms after Abbott offer: source

U.S. pharmaceuticals company Abbott Laboratories Inc made an unsolicited offer for the drugs unit of Belgian chemicals firm Solvay, a source familiar with the situation said on Thursday, rivaling a bid from private equity-owned drugs maker Nycomed.

Germany seeks European solution for Opel

Germany will seek a good European solution over state aid to loss-making carmaker Opel, and does not expect the European Union to block any deal, Economy Minister Karl-Theodor zu Guttenberg said on Thursday.

All-round pessimism after dud Middle East summit

A cloud of pessimism is suffocating hopes that U.S. President Barack Obama can pull off a miracle in the Middle East by setting negotiations on course for rapid progress toward a comprehensive peace agreement.

US jobless claims slide in latest week

The number of U.S. workers filing new claims for jobless benefits unexpectedly fell 21,000 last week, government data showed on Thursday, and a less volatile unemployment claims gauge dipped to an eight-month low.

Over-priced MCC falls on HK debut; may dent new IPOs

Metallurgical Corp of China (MCC), a building and engineering firm that raised $2.3 billion in Hong Kong's biggest IPO this year, fell on its debut as investors, tiring from an IPO deluge, judged the stock was too pricey given an uncertain outlook for China's steel industry.

Baer's Artio IPO jumps almost 7 percent in debut

Shares of Julius Baer Holding AG's U.S. asset management arm Artio Global Investors Inc jumped 6.7 percent in their debut following the company's initial public offering that raised more money than expected.

China again fails in bid for Australian resources

China's efforts to gain a greater stake in Australia's resource industry suffered a new setback on Thursday when a Chinese miner dropped a $400 million bid for a controlling stake in an Australian rare earths miner.

World stocks, oil fall ahead of G20; stg hit

World stocks slipped from the previous day's 11-month high on Thursday as falling oil prices and caution ahead of the Group of 20 summit prompted investors to cut back on risky assets.

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