IBT Staff Reporter

120061-120090 (out of 154943)

Karzai defends Afghan vote, blast hits Italian troops

President Hamid Karzai defended Afghanistan's disputed presidential election on Thursday after early results showed him the winner, while a suicide bomb attack on Italian troops tested the resolve of a major NATO ally.

Oil hovers around $72.50 after stock rise

Oil prices hovered around $72.50 a barrel on Thursday after rising more than 5 percent this week as swollen U.S. distillate stocks such as diesel offset a weaker dollar and rallying equities.

Discover earnings beat estimates, shares rise

Discover Financial Services posted better-than-expected quarterly earnings on Thursday as loan losses grew less than anticipated and the sixth-largest U.S. credit card issuer trimmed costs.

China anniversary puts security jitters on show

The Chinese government is flooding Beijing with armed police and up to one million security volunteers to head off any unrest over October's sensitive anniversary of 60 years of Communist Party rule.

China sentences 4 syringe attackers in Xinjiang

Four Uighur men were sentenced to between eight and 15 years in prison for stabbing a Han Chinese woman in the neck with a syringe in the capital of the ethnically divided Xinjiang region in China's northwest.

Indonesia's most wanted man killed in police raid

Indonesia's most wanted Islamist militant was killed in a police shoot-out in Central Java, police said on Thursday, lifting a major security threat ahead of a planned visit by U.S. President Barack Obama.

New Japan PM gets good news on economy, voter rating

New Japanese Prime Minister Yukio Hatoyama got some good news on his first full day in office as the central bank said the struggling economy was showing signs of recovery and 72 percent of voters backed his cabinet.

Dutch gov't says Deutsche out of ABN talks

Deutsche Bank has backed out of talks to buy a package of assets from nationalised bank ABN AMRO under a deal mandated by the European Commission, the Dutch finance ministry said on Thursday.

Solarfun sees sequential rise in Q3 rev, shares up

Chinese photovoltaic cell maker Solarfun Power Holdings Co Ltd forecast sequentially higher third-quarter revenue, and said it was seeing an improvement in end market demand, sending its shares up 13 percent.

Clarcor shares fall on weak results, outlook

Shares of Clarcor Inc fell as much as 6 percent on Thursday, a day after the filtration products maker reported lower-than-expected third-quarter results and cut its full-year earnings forecast. We believe (the) shares will remain range bound pending the company's ability to meet and exceed expectations and are maintaining our 'hold' rating, said analyst Jeffrey Hammond of KeyBanc Capital Markets.

Obama to reassure G20 on Wall Street reform

President Barack Obama will pledge U.S. action on financial regulatory reform at the Group of 20 summit in Pittsburgh and underscore the need for global coordination on the issue, a senior aide said on Wednesday.

Tessera raises Q3 revenue forecast

Chip technology developer Tessera Technologies Inc raised its third-quarter revenue forecast, driven by improved performance across its segments.

Leno show loses 7 million viewers on second night

Jay Leno's new prime-time chat and comedy TV show lost more than 7 million viewers on its second night after a slew of bad reviews but was still the No. 1 U.S. network show of the night, audience ratings figures showed on Wednesday.

Hanesbrands to sell yarn operations

Hanesbrands Inc said it agreed to sell three of its yarn manufacturing plants to privately held Parkdale, and shut a fourth plant and two warehouses.

U.S. abandons missile shield in Europe

President Barack Obama on Thursday abandoned plans for a large missile defense shield in eastern Europe, promising instead a stronger, swifter defense system to protect U.S. allies against any threat from Iran.

J&J, Elan close deal on Alzheimer's program

Johnson & Johnson and Elan Corp Plc said they have closed the deal under which J&J's newly formed unit Janssen Alzheimer Immunotherapy acquired all the assets and rights related to Elan's Alzheimer's Immunotherapy Program (AIP).

Speculation grows over VW plans for MAN

Speculation that Volkswagen (VOWG.DE) will try to incorporate Germany's MAN SE (MANG.DE) into a new trucks alliance gained momentum after comments from leaders of the sprawling automotive empire this week.

Ladder Capital REIT sets IPO terms

Ladder Capital Realty Finance Inc, a prospective real estate investment trust, set the terms on Thursday for its planned $400 million initial public offering.

U.S. seeks more data from Bemis on Alcan buy

U.S. food packager Bemis Co said on Thursday that the U.S. Department of Justice had requested additional information about its planned purchase of Rio Tinto's U.S. packaging arm.

Pages