IBT Staff Reporter

120241-120270 (out of 154943)

U.S. home builder sentiment highest since May 2008

U.S. homebuilder sentiment rose in September to its highest level since May 2008, the National Association of Home Builders said on Wednesday, bolstering the view that the battered housing market is stabilizing.

Cheap solar? Texan house aims low to win contest

A solar-powered house built by a group of Texas students offers a blueprint for recession-hit U.S. families to reduce their carbon dioxide emissions and their electricity bills without busting their budget.

Beauty and Biotin

A full, shiny head of hair is always a sign of beauty, but how to get it? Proper nutrition, which may be helped by vitamins and supplements, is critical to making hair healthy from the inside out. Our

Bank of America, McCann in settlement talks

Lawyers for Bank of America Corp and former Merrill Lynch & Co brokerage chief Robert McCann were in talks Wednesday to resolve his lawsuit accusing the bank of blocking him from taking a job with a rival.

S&P, Nasdaq jump 1 percent on economy, M&A

The S&P 500 and Nasdaq both jumped 1 percent on Wednesday as increased industrial production and a pickup in mergers and acquisitions reinforced hopes the economy was gaining speed.

GM CEO sees Opel signing by early October

Fritz Henderson, the chief executive of General Motors GM.UL, expects that a deal to sell a majority in Opel to a Russian-backed consortium around Magna (MGa.TO) can be signed by the beginning of next month.

Ferrari sees 2-3 year for sales recovery

Luxury sports carmaker Ferrari thinks it could take 2-3 years for sales to return to levels seen in 2008, its chief executive, Amedeo Felisa said in an interview with Reuters TV.

Opel warns of tough times amid political storm

Opel's chairman warned that turning around the unprofitable automaker in the next few years would not be an easy road as the sale of the European carmaker to Canada's Magna (MGa.TO) drew a political storm.

Honeywell car parts ops expects profits

Honeywell's (HON.N) car parts business expects to post profits in 2009 and 2010, unlike many of its rivals, thanks to a growing demand for its efficiency-increasing turbo chargers, the unit's head told Reuters.

Saab CEO hopeful on European loans

Swedish automaker Saab expects a positive outcome from the negotiations aimed at securing $600 million in loans from the European Investment Bank, its chief executive said on Tuesday.

Ford sees more opportunity for cost cuts

Ford Motor Co (F.N) is on track to have cut structural costs by up to $15 billion since 2005, but has room to make further reductions, the automaker's chief financial officer said on Wednesday.

Ford asks European govts to continue car subsidies

Ford Motor Co (F.N) is asking European governments to keep incentives for consumers to scrap old cars because demand remains very weak and an abrupt suspension of the programs could lead to another sharp decline in sales, the head of Ford Europe said on Tuesday.

U.S. industrial output up 0.8 percent in August

U.S. industrial production rose for a second consecutive month in August, Federal Reserve data showed on Wednesday, providing another piece of evidence that the economic recovery was under way.

RBC's Nixon says sees acquisition opportunities

The head of Royal Bank of Canada, Canada's largest bank, said on Wednesday the bank's operating environment is recovering and its strong capital base could allow it to acquire assets as other banks shrink.

Oil edges above $71, refined products weigh

Oil edged above $71 a barrel on Wednesday after data showed U.S. crude stockpiles fell more than expected last week, but higher inventories of gasoline and winter fuel capped gains.

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