IBT Staff Reporter

124381-124410 (out of 154943)

CFTC considers limits on energy positions

The chief regulator of U.S. commodities markets, Gary Gensler, is serious about limiting speculation in energy futures trading and will move to provide details about managed funds' contract positions in an attempt to make markets more transparent.

CITIC securities net profit drops 20% in H1

CITIC Securities Co, China's largest listed brokerage, posted a 19.77% drop in net profit in the first half of this year on a suspension of initial public offerings (IPOs) and a decrease in fund sales.

Agilent results beat expectations, shares rise

Electronics testing equipment maker Agilent Technologies Inc reported better-than-expected results and gave a strong forecast for the current quarter, sending its shares up over 2 percent on Monday.

Chrysler to make Fiat in Mexico: report

Chrysler Group is planning to produce Fiat SpA's (FIA.MI) Fiat 500 subcompact at a Chrysler plant in Mexico, the Wall Street Journal reported, citing people familiar with the matter.

Ex-Credit Suisse broker convicted of fraud

A former Credit Suisse Group AG broker was convicted by a federal jury of fraud for steering corporate clients into risky auction-rate securities, causing nearly $1 billion of losses.

Credit card defaults show signs of stabilizing

The rate of U.S. credit card defaults showed signs of stabilizing last month, an indication that American consumers may not be in as bad shape as feared despite job losses and the housing slump.

Loan demand down except prime mortgages: Fed

U.S. loan demand fell in the second quarter for every major category bar prime residential mortgages as banks tightened credit standards and borrowers remained cautious, central bank and government studies showed.

Dell to enter Chinese smartphone (PHOTO)

Dell has confirmed it's developing mobile devices for China Mobile, the world's biggest wireless operator by subscribers, igniting speculation that the computer maker is getting ready to make its debut into the already highly competitive smartphone market.

Reader's Digest plans prearranged bankruptcy

Reader's Digest Association Inc, whose namesake magazine has been a staple of dentists' offices for generations, said on Monday it planned to file for Chapter 11 bankruptcy for its U.S. businesses as part of a prearranged plan with lenders to cut debt by 75 percent.

Nokia, China Mobile in Ovi Store co-op

Nokia's global vice president James Lin has confirmed that the company has entered into serious negotiations with China Mobile to introduce its Ovi Store handset services to China, although the parties have not yet reached any public agreement, Sina Tech reported on Monday.

Electric car sticker shock awaits U.S. consumers

As American consumers abandon gas-guzzling SUVs for greener alternatives, they also face a new kind of sticker shock -- confusing claims about the energy efficiency of electric cars heading for showrooms.

Wall St sinks as recovery hopes hurt

Stocks suffered their worst loss in seven weeks on Monday as weak data from Japan and a disappointing outlook from retailer Lowe's Cos dampened hopes about the economy's growth.

U.S. builders upbeat, manufacturing shows some life

More signs the U.S. economy was exiting its worst recession in 70 years emerged on Monday with reports showing confidence rising among homebuilders, factory activity perking up in New York state and credit card defaults slowing.

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