IBT Staff Reporter

121921-121950 (out of 154945)

U.S. FHA says won't need congressional support

The head of the U.S. Federal Housing Administration said on Friday the agency would not need a congressional subsidy even if its capital reserve ratio fell below the 2 percent demanded by Congress.

Oil steady above $68, U.S. jobs data awaited

Oil ticked up above $68 a barrel on Friday in relatively thin dealing as investors awaited jobs data from the United States to provide some insight into the health of the world's top economy.

Oil drops below $68 after U.S. jobs data

Oil dropped below $68 a barrel on Friday, weighed down by a stronger dollar after U.S. data showed the unemployment rate rose by less than expected, albeit to a 26-year high.

Gold slips below $990 after U.S. jobs data

Gold eased below $990 an ounce on Friday after a two-day rally that took the market to within a whisker of $1,000, as an uptick in the dollar index after U.S. non-farm payrolls data prompted some traders to cash in gains.

Efficiency and waste to drive green tech sector

European investors are returning to green technology stocks after switching to safer investments earlier in the recession, and companies involved in energy efficiency and biofuel production show the most potential.

Trade ministers ready to study WTO Airbus ruling

Top officials from the United States, European Union and Brazil on Friday awaited a pivotal World Trade Organization ruling on subsidies to Airbus that stands to impact the global aircraft sector.

Nifty and stylish is aim at Berlin gizmo fair

Against a backdrop of flat-panel TV screens and energy-efficient washing machines, a number of nifty gadgets and chic devices stand out at the IFA consumer electronics fair in Berlin, aimed at simplifying modern life -- with style.

U.S. to accelerate

The U.S. government plans to accelerate the pace of processing up to $3 billion in

Aboriginal art master puts on final public show

Aboriginal artist Yannima Tommy Watson is a man of few words, but his vibrant works speak volumes, drawing museum-goers at the Muse du Quai Branly in Paris and Australia's most prestigious art galleries.

G20 to keep stimulus for now

The G20 will promise this weekend to keep economic support packages in place until recovery is certain and seek to reassure financial markets they have credible plans to withdraw the stimulus when appropriate.

Stock futures gain after payrolls data

Stock index futures turned sharply higher on Friday following a brief sell-off after data showed U.S. employers cut fewer-than-expected jobs in August even as the unemployment rate hit a 26-year high.

U.S. seen approving a JBS-Pilgrim's Pride deal

CHICAGO - Brazilian meat giant JBS would likely get U.S. antitrust approval if it decides to buy U.S. chicken producer Pilgrim's Pride even though the already concentrated American meat market would lose yet another player.

Auto firms see India as small-car export factory

Global carmakers are lining up to make India, home of Tata Motors' (TAMO.BO) Nano, the world's cheapest car, a base for their export operations as they try to cut costs and move to compact, fuel-efficient vehicles.

Unemployment rate rises to 26-year high

U.S. employers cut a fewer-than-expected 216,000 jobs in August, while the unemployment rate rose to a 26-year high, the government said on Friday in a report showing a still fragile labor market.

Fed's Fisher sees near-term strength for economy

Dallas Federal Reserve Bank President Richard Fisher on Thursday said the United States should have a good snap-back from recession in the final months of 2009, but that future growth could be a slow crawl.

Italy antitrust agency extends probe to Google Inc

Italy's antitrust agency said on Friday it was broadening its investigation into allegations that Google's Italian news website coerced Italian newspapers into posting their stories to include U.S. parent Google Inc. The competition authority launched the probe this week after the Italian Federation of Newspaper Editors alleged that any publication refusing to appear on the Google News Italia (h...

OPEC likely to hold steady, but stocks worry

Bloated inventories and the risk of a price slide will trouble OPEC ministers when they meet in Vienna next week, but oil at close to $70 a barrel is expected to convince the group to hold output steady for now.

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