IBT Staff Reporter

120721-120750 (out of 154943)

Obama aims to reinvigorate Wall Street reform

President Barack Obama will try on Monday to revive a stalled push for stricter oversight of Wall Street, using the anniversary of Lehman Brothers' collapse to argue for sweeping regulatory changes.

China heaps scorn on U.S. tire duties

Chinese media and officials have heaped scorn on a U.S. decision to impose special duties on Chinese-made tires, extending Beijing's warnings that the move may fuel trade friction as global growth struggles to revive.

SingTel to sell INQ's social networking phone

Southeast Asia's biggest telecom operator, Singapore Telecommunications , said on Monday it would start to sell a social networking phone model INQ Mini 3G, targeting young customers.

Stock futures signal dip; Nextel in focus

Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.63 percent, Dow Jones futures down 0.7 percent and Nasdaq 100 futures down 0.7 percent.

Oil drops towards $68 as dollar bounces

Oil fell more than a dollar toward $68 a barrel on Monday as a rebound in the beaten-down U.S. dollar and nagging concerns that prices may have run ahead of market fundamentals extended last week's late sell-off.

JAL shares jump on American Airlines, Delta talks

Shares in Japan Airlines jumped 8 percent on Monday on news American Airlines and Delta Airlines are considering rival investments in the struggling carrier to secure partnership ties and boost revenue from Asia.

Japan shares hit by yen

The dollar crawled up on Monday from a one-year low against other currencies as speculators booked profits on bets against the greenback, while the yen's surge threatened Japanese exporters and drove Tokyo shares down.

Investors should think global, execs say

The severity of the U.S. financial crisis exposed investors' need to whittle down a dependence on dollar-denominated assets and diversify globally, two of Wall Street's most influential figures said on Sunday.

What is behind U.S. drone attacks in Pakistan?

A U.S. drone fired a missile at a Taliban vehicle in Pakistan's North Waziristan ethnic Pashtun tribal region on the Afghan border on Monday, killing at least four militants, Pakistani intelligence officials and residents said.

Venezuela buys powerful missiles with Russian loan

Russia has agreed to lend Venezuela over $2 billion to purchase tanks and advanced anti-aircraft missiles in deals that show Moscow's commitment to working closely with Washington-foe President Hugo Chavez.

Daily Commentary - 14/09/2009

The Australian Dollar has held onto its recent gains and opens the new week at 0.8610. The Aussie closed higher on Friday after a range of positive Chinese economic data releases which boosted demand for the currency.

Dubai exchange merger a possibility: report

A merger between Dubai's top stock exchanges, Dubai Financial Market DFM.DU and Nasdaq Dubai NDAQ.DI, is a possibility, a leading official said, according to newspaper Emirates Business (www.business24-7.ae).

Wells Fargo Malibu house scandal sparks outcry

Reports that a Wells Fargo & Co executive used a bank-owned, beachfront Malibu home as her own private party pad reignited outrage over unbridled excesses at firms that received U.S. bailouts.

AFI revs up its rock sound on Crash Love

When the members of AFI began work on their 2006 album, Decemberunderground, they tried really hard not to think about it as the follow-up to a big successful record, guitarist Jade Puget says.

Songwriter Ester Dean crafts hip-hop hits

Three songs from the soundtrack to the upcoming LeBron James documentary, More Than a Game, bowed this month on the Hot R&B/Hip-Hop Songs chart. And two of the three are by newcomer Ester Dean.

Avett Brothers show their Love of pop on new set

Some call them Southern gentlemen; others call them crazy. Folk rockers the Avett Brothers have always sealed business agreements with just a handshake -- even now, as the band makes its new home on a major label.

Fed may shun gradualist rate hike pace

The last time the Federal Reserve was raising interest rates, it did so at a snail's pace. But it may not take that gradual approach to tightening policy the next time around.

Tina Fey wins Emmy award for Sarah Palin spoof

Actress Tina Fey won an Emmy on Saturday for her uncanny portrayal of former Republican vice presidential nominee Sarah Palin on Saturday Night Live, while pop star Justin Timberlake also was honored for his appearance on the NBC network's veteran sketch-comedy series.

Cody exorcises demons from Jennifer's Body

Oscar-winning writer Diablo Cody insists she is neither nerdy pushover or sexy cheerleader, as are the two main characters in her high-school horror movie Jennifer's Body. But in her new Hollywood reality, she may embody a little of both.

Tyler Perry leads box office for 2nd time in 2009

Prolific filmmaker Tyler Perry scored his second No. 1 movie of the year at the North American box office on Sunday, leading a weak field of newcomers in what is traditionally one of the industry's slowest weekends.

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