IBT Staff Reporter

122731-122760 (out of 154945)

Option ARMs Put Recovery at Risk

Option ARMs, which accounted for $750 billion in mortgages issued between 2004 and 2007, according to Inside Mortgage Finance, are at serious risk with at least 50 percent already in default.

Candidates woo voters on eve of Japan election

Candidates across Japan made their final pitch to voters on Saturday on the eve of an election the opposition looks poised to win, giving the untested Democrats the job of tackling record unemployment and a fast-aging society.

Washington converges on Boston for Kennedy funeral

U.S. presidents, members of Congress and the public gathered on a rainy Saturday to say goodbye to Senator Edward Kennedy, a towering figure in American politics who contributed to major social changes of the last 50 years.

US bank regulators close Affinity Bank

U.S. bank regulators closed Affinity Bank of Ventura, California on Friday, the 84th U.S. bank to fail this year as economic weakness continues to take a toll on financial institutions.

U.S. bank regulators closed Mainstreet Bank

U.S. bank regulators closed Mainstreet Bank of Forest Lake, Minnesota, on Friday, the 83rd U.S. bank to fail this year as economic weakness continues to take a toll on financial institutions.

Canadian bank seeks US jury trial in options fraud

TORONTO - Bank of Montreal, one of Canada's top banks, is suing two U.S.-based brokerages and some of their former officers and shareholders for their part in an intricate fraud carried out by the former head of its commodity derivatives group, court documents showed.

AIG paused auction of aircraft leasing firm - source

Insurance giant American International Group has paused the auction of its aircraft leasing firm, International Lease Finance Corp. (ILFC), as its new CEO reviews the divestiture process, a source familiar with the situation said on Friday.

Whirlpool to shut U.S. plant, cut about 1,100 jobs

Whirlpool Corp plans to shut a plant in Evansville, Indiana and move some production to Mexico next year, a change that will eliminate about 1.6 percent of the world's biggest appliance maker's workforce.

A&E cable network buys out Lifetime

Walt Disney Co, Hearst Corp and NBC Universal said on Thursday that their jointly owned A&E Television Networks group will buy Lifetime Entertainment Services for an undisclosed sum.

Business Books: Author sees future for cloud companies

Twenty years ago, the idea that technology would be at the center of business was still part of the future. Computers were just starting to land on desks as fledgling companies like Microsoft Corp and Apple Inc said their products would change the way we work.

Muse poised for global

A lead single about a proletarian revolt against the global banking crisis. A teaser campaign involving a worldwide musical treasure hunt. And an album that ends with a three-part, fully orchestrated symphony about an alternative theory of the creation of mankind. Is Muse the only young, stadium-filling rock band that could get away with this?

Kany Garcia finds promo partners

With the face of an ingenue and the lyrical bite of a social commentator, Kany Garcia debuted in 2007 as part of a new crop of Latin female singer-songwriters.

Two more REITs file for IPOs

Two real estate investment trusts filed for initial public offerings on Friday, bringing to eight the number of applications since early July by REITs created by real estate companies seeking to take advantage of the distressed commercial property market.

Qatar wants to be largest Songbird shareholder

Qatar Holding LLC aims to become the largest shareholder in Songbird Estates -- owner of much of London's Canary Wharf office complex -- the investment arm of the Qatari wealth fund said late on Friday.

Top forestry firms see market stability

Demand in the ailing forestry sector has stabilised after a grim start to 2009 but controlling costs will remain a major focus for the foreseeable future, paper company executives said on Tuesday.

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