IBT Staff Reporter

120301-120330 (out of 154943)

U.S. consumer prices up 0.4 percent in August

U.S. consumer prices rose faster than expected in August from July on a spike in gasoline costs, government data showed on Wednesday, but the underlying trend pointed to muted inflation pressures.

Goldman Sachs downgrades General Mills

Goldman Sachs downgraded General Mills Inc to neutral and removed the stock from its Americas buy list, saying revenue growth at the food company could moderate and no longer outshine peers.

West apologizes to Swift, Obama weighs in on furor

Rap star Kanye West personally apologized on Tuesday to country teen star Taylor Swift after a two-day furor over his hijacking of an awards speech that even drew an off-the-cuff comment from PresidentBarack Obama.

FCC to take another look at Janet Jackson case

The U.S. Federal Communications Commission said on Tuesday the agency will review the incident involving a fleeting glimpse of pop singer Janet Jackson's breast during the 2004 American football championship.

Harrah's buys debt tied to Planet Hollywood - WSJ

Harrah's Entertainment, one of the world's largest casino operators, bought $140 million of the debt related to the Planet Hollywood Resort & Casino in Las Vegas, the Wall Street Journal reported, citing people familiar with the matter.

U.S. workers' health costs soaring, studies show

U.S. workers getting health insurance for their families through employers have seen their premiums more than double in the last decade and the trend toward higher health costs is expected to continue, according to two reports released on Tuesday.

U.S. approves H1N1 vaccine, says enough for everyone

U.S. health officials have approved vaccines from four drugmakers to help prevent the H1N1swine flu, ensuring there will be enough to inoculate Americans who want the protection, U.S. Health Secretary Kathleen Sebelius told lawmakers on Tuesday.

Chrysler turnaround slow progress: CEO

Chrysler Group LLC will present a five-year business plan by the end of November that outlines numbers and the path out of two years of difficulties, its chief executive said on Wednesday.

DVRs dominate talk at confab

Jay Leno and Jeff Zucker have been thinking a lot about TiVo lately. And, at least in the case of the NBC Universal boss, not entirely in a good way.

U.S. seeks bundled payment for kidney dialysis

The U.S. health insurance program for the elderly, disabled and poor is seeking to pay one lump sum for all costs related to kidney dialysis, including prescription drugs, the Centers for Medicare & Medicaid Services (CMS) said on Tuesday.

Bob Dylan to exhibit artwork in Denmark

He writes, he sings, he sometimes exchanges blows in the boxing ring. But Bob Dylan is also familiar with another type of canvas as a quietly prolific painter.

Geely considers bond, says unrelated to Volvo

Geely Automotive (0175.HK), the Chinese carmaker whose parent is eyeing Ford's (F.N) Volvo unit, said it was considering a convertible bond issue, but added that the move is unrelated to the parent company's previously disclosed interest in the Ford unit.

Downturn may cost 25 million jobs in OECD countries

The economic downturn will likely cost as many as 25 million people their jobs by end-2010 as the unemployment rate nears a record 10 percent in the OECD group of countries, according to a report released on Wednesday.

BMW needs no more job cuts

BMW, the world's biggest premium carmaker, would not need to make more job cuts even if a second wave of the global financial crisis would hit, personnel chief Harald Krueger told Reuters.

U.S. inflation reading tame, output rises again

Higher gasoline costs pushed up U.S. consumer prices in August while industrial output increased for a second consecutive month, according to data on Wednesday that reinforced hopes the economy was finally on the mend.

United Air says liquidity initiatives on tap

UAL Corp, parent of United Airlines, said it expects to be in full compliance with its credit facility covenants in the third quarter and has liquidity initiatives on tap for the fourth quarter.

Senate panel to release healthcare plan

Democratic U.S. Senator Max Baucus unveils a long-awaited healthcare overhaul on Wednesday that would dramatically revamp insurance rules but does not include a government-run option backed by liberal Democrats.

Somali rebels call for foreign reinforcements

Somalia's al Shabaab insurgents called on Wednesday for more foreign militants to join them in the failed Horn of Africa state after U.S. forces killed one of the region's most wanted al Qaeda suspects.

No sign of settlement deal after U.S.-Israel talks

The United States and Israel ended another round of talks on Wednesday with no sign yet of a deal on a West Bank settlement freeze, but a U.S. envoy planned to meet again with Prime Minister Benjamin Netanyahu on Friday.

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