IBT Staff Reporter

120931-120960 (out of 154943)

Nearly 10,000 Sri Lanka war refugees go home

Sri Lanka said Friday it has sent nearly 10,000 war-displaced people back to their villages in the island nation's north and east, four months after the military won a 25-year-old war with Tamil Tiger separatists.

911 Timeline of Events - remembering horrific attacks

On September 11, 2001, hijacked passenger airplanes destroyed the World Trade Center in New York City and damaged the Pentagon in Washington D.C. killing near 3,000 people.Following is a brief timeline of the events of the day.

China tainted milk parents mourn, seek support

Chinese parents wept at a memorial for babies poisoned by tainted milk powder, demanding support for sons and daughters still sick a year after the scandal broke and more research into long-term problems.

Prisoners riot at Iraq's Abu Ghraib

Prisoners started a fire during a riot at Iraq's Abu Ghraib prison, U.S. and Iraqi officials said, resulting in some injuries at the jail that became synonymous with U.S. detainee abuse.

Campbell Soup quarterly profit beats estimates

Campbell Soup Co posted a higher-than-expected quarterly profit on Friday, helped by higher prices and increased sales of condensed soup and Prego pasta sauce as people ate at home more to save money.

Obama remarks on 9 11 (full transcript)

President Barack Obama delivered brief remarks on Friday at a wreath laying ceremony at the Pentagon Memorial in Arlington, Va. remembering the 911 attacks of 2001, the worst seen in the history of the United States.

U.S. probes AIG finance executives: source

U.S. investigators are probing the former head of American International Group Inc's Financial Products unit, Joseph Cassano, and other executives for securities fraud, a law enforcement source familiar with the case said on Friday.

US Gulf refiners say ops normal, watch storm threat

U.S. refiners said operations were normal at refineries in Texas and Louisiana on Friday morning as they monitored a storm system in the western Gulf of Mexico that has a low chance of becoming a tropical cyclone.

FedEx shares jump on improved outlook

FedEx Corp said profits in both the current and next quarters would be higher than Wall Street expected, citing an improving economy and stable fuel prices, and its shares jumped 6.8 percent to their best level in nearly a year.

FedEx quarterly profits to top forecasts

FedEx Corp said profits in both the current and next quarters would be higher than it had earlier expected, citing an improving economy and stable fuel prices, and its shares jumped 5.4 percent to their best level in nearly a year.

Wall Street flat after five days of gains

U.S. stocks were little changed on Friday as positive data and a rosier outlook from FedEx supported hopes for economic recovery, but Wall Street struggled for traction after five days of gains.

Wells Fargo downgrades AIG to underperform

Wells Fargo Securities downgraded American International Group Inc to underperform, saying the company has virtually no tangible book value at the moment and that its shares are over priced.

Prosecutors preparing to impanel AIG grand jury-WSJ

U.S prosecutors are preparing to impanel a grand jury to consider indicting the former head of American International Group's AIG Financial Products unit for securities fraud, the Wall Street Journal reported.

911 Remembrance quotes

September 11, 2009 marks the eighth anniversary of the deadly terrorist attacks that claimed the lives of many.

FedEx says quarterly profits to top forecasts

FedEx Corp said profits in both the current and next quarters would be higher than it had earlier expected, citing an improving economy and stable fuel prices, and its shares jumped 5.4 percent to their best level in nearly a year.

World must help China shift to clean growth: Stern

China will have to retool its engines of economic growth to help the world avoid increasingly dangerous levels of greenhouse gas emissions in coming decades, a leading expert on the economic impact of climate change said.

BPC says institutional investors buy stake, shrs up

British oil company BPC Ltd said a number of well-known institutional investors bought over 272 million shares of the company after RAB Special Situations and Edgewater Estates cut their stake, sending its shares up 30 percent.

MOL sells $4 mln in shares to finance gas project

Hungarian oil group MOL sold 47,369 of its own shares on the Budapest Stock Exchange on Thursday, it said on Friday, raising about 675 mln forints ($3.57 million) to help finance a gas project in Iraq.

Wall Street set to rise on recovery hopes

Wall Street was set for a modestly higher open on Friday as investors were optimistic about economic recovery prospects and FedEx said its first-quarter earnings would exceed expectations.

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