IBT Staff Reporter

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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.

Ex-BoE member astounded U.S. govt didn't save Lehman

The former deputy Governor of the Bank of England said he was astounded the U.S. government let Lehman Brothers go under, and that the bank's collapse marked a clear moment when people lost confidence in the markets.

BIS says clearing derivatives not enough to cut risks

Central clearing of privately traded derivatives contracts won't be enough to make the $600 trillion sector safe, while clearing of some bespoke trades may not be desirable, the Bank of International Settlements said.

Iran again rules out talks on its nuclear rights

Iran will not negotiate about its nuclear rights, President Mahmoud Ahmadinejad said on Sunday, after the United States said it would focus on the Islamic state's atomic activities in upcoming talks with Tehran.

Merkel to face off with SPD rival in election TV clash

Conservative Chancellor Angela Merkel goes head to head with Social Democrat (SPD) challenger Frank-Walter Steinmeier in a TV debate later on Sunday which may help determine the outcome of Germany's election on September 27.

Netanyahu says still gaps with U.S. on peace moves

Israeli Prime Minister Benjamin Netanyahu said on Sunday there were still gaps to bridge in talks with a visiting U.S. envoy seeking a settlement freeze and the revival of Israeli-Palestinian negotiations.

Obama warns against scare tactics over healthcare

President Barack Obama warned Americans on Saturday not to be tricked by scare tactics he accused his opponents of using as he went on the road to rally support for his drive to overhaul the U.S. healthcare system.

Hypo Real Estate may need more capital: report

German property lender Hypo Real Estate , whose financial troubles forced Germany to nationalize it, has billions of euros in unrealized losses that may swell its need for fresh capital, a newspaper reported.

Private equity firms look to take cos public

Efforts by private equity firms to sell stakes in portfolio companies through initial public offerings continued late this week as two North American companies took steps toward coming to market.

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