IBT Staff Reporter

120991-121020 (out of 154943)

Futures edge up after Geithner comments, China data

U.S. stock index futures indicated a modestly higher open on Friday as positive remarks from Treasury Secretary Timothy Geithner supported optimism for a recovery, but Wall Street could stall after five days of gains.

China economy surprisingly strong; policy intact

Chinese industrial output and other economic data surprised on the upside in August, suggesting its recovery is on a solid course but not so strong that Beijing will need to hit the policy brakes anytime soon.

Flu pandemic giving tiny companies big stage

Tiny companies with big ideas for making flu vaccines have captured the attention of investors and governments looking for a quicker way to make a vaccine against the pandemic of swine flu.

Ross to charter bank, pursues Corus assets: report

Stephen Ross, founder of the private developer Related Companies, and two of his partners have been granted preliminary approval by U.S. regulators to charter a new bank that would enable them to bid for failed institutions seized by the government, the Wall Street Journal said on Friday.

HSBC ups planned Samurai issuance size to Y117 bln

HSBC Bank Plc has increased the size of its planned Samurai bond issuance to 117 billion yen ($1.3 billion), nearly double an initial estimate of Y60 billion yen, documents filed with Japanese financial authorities showed on Friday.

China auction site Taobao sees sales doubling in '09

China's largest online auction site Taobao is banking on rural transaction growth and its online mall selling top brands to double its revenue growth this year and help it break even, its chief executive said on Friday.

Energy giant Encana revives plan to split in two

EnCana Corp, Canada's second-largest energy company, put a plan to split into two back on track Thursday, less than a year after shelving it, saying it believed financial and commodity markets had recovered to where the move looked attractive again.

Japan to buy H1N1 vaccine from Novartis, GSK

Japan's health ministry is set to buy enough H1N1 flu vaccine for nearly 50 million people from British drug maker GlaxoSmithKline and Swiss maker Novartis, a Japanese newspaper reported on Friday.

China Mobile targets $150 handset to boost 3G

China Mobile, the world's largest mobile carrier by subscribers, said on Friday it hoped to soon have lower-cost handsets for its 3G service, as it tries to popularise the service based on a homegrown standard.

Canwest unit reaches deal with lenders

Canadian media company Canwest Global Communications said on Thursday that its Canwest Limited Partnership unit has reached an agreement with senior secured lenders while discussions about a potential recapitalization deal continue.

U.S. video game sales down 16 pct in Aug.-NPD

Sales of video game equipment and software in the United States fell 16 percent in August to $908.7 million, research group NPD said on Thursday, the sixth consecutive monthly decline.

Japan's Asahi says not considering Orangina bid

Japan's Asahi Breweries said it was not in talks to buy soft-drinks maker Orangina, denying a newspaper report it was competing with domestic rival Suntory Holdings in a $3.8 billion auction.

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