IBT Staff Reporter

125761-125790 (out of 154943)

Marsh & McLennan posts second-quarter loss

Marsh & McLennan Cos Inc , the No. 2 global insurance broker, reported a second-quarter net loss on Wednesday, hurt by a writedown of the value of its security consulting business.

Club kid, gay, Asian?

More than a thousand people lined up for several hours in New York City on Tuesday for the chance to be an extra in the

Daily Outlook - August 5 - Energy

President Barack Obama will announce $2.4 billion in grants on Wednesday for the production of batteries for hybrid and electric vehicles. Energy Secretary Steven Chu will discuss with workers in Charlotte, North Carolina, about the national economy

Hugh Jackman gets his movie musical wish

Australian actor Hugh Jackman, who this year showed the world his song-and-dance prowess as host of the Oscars, will get his wish to star in a movie musical when he plays showman P.T. Barnum in an upcoming film.

Procter & Gamble profit falls

Procter & Gamble Co posted an 18 percent drop in quarterly profit, as sales fell across all of its businesses, but stood by its profit forecast as the pressure of foreign currency fluctuations eases.

Canada auto sales weaken in July, but Ford shines

Ford Motor Co (F.N) of Canada was the country's top-selling automaker for a second month in a row in July, when sales jumped more than 47 percent from a year earlier even as its main rivals recorded another month of declines.

China's Brilliance set to ship wagon to EU - execs

Brilliance Auto, BMW's (BMWG.DE) partner in China, is preparing to ship its BS4 Wagon, designed in-house, to Europe after testing the waters there with two mid-sized sedans, company executives said on Wednesday.

Mortgage demand boosted by refis as rates drop

Demand for U.S. home loans rose last week as a decline in 30-year fixed mortgage rates to a three-week low boosted applications for refinancing, the Mortgage Bankers Association said on Wednesday.

Beyonce, Lady Gaga top MTV music award nominees

Pop stars Beyonce and Lady Gaga on Tuesday each earned nine nominations for next month's MTV Video Music Awards, more than any other artist, while Britney Spears continued her musical comeback with seven nods.

Futures slip further as ADP data fuels caution

U.S. stock index futures slipped further on Wednesday as investors turned cautious after data showed private-sector jobs losses were higher than expected in July, sparking concern about the strength of the economic recovery.

Planned layoffs accelerate again in July

Planned layoffs at U.S. firms increased in July for the first time in six months, signaling more uneasy times for workers and a continued drag on consumer spending and the broader economy.

P&G profit falls, sales light, shares skid

Procter & Gamble Co posted an 18 percent drop in fourth-quarter profit as sales fell more than expected, and the company's shares slipped 2 percent even though it stood by its 2010 profit forecast.

Sony plans $199 e-reader in Amazon challenge

Sony Corp will begin selling this month the cheapest digital book reader for the United States, heating up the competition with Amazon.com Inc in the small but fast-growing market for electronic readers.

Oil rises towards $72 ahead of inventory data

Oil rose toward $72 a barrel on Wednesday, ahead of key inventory data expected to show a fall in U.S. crude stocks and supported by higher European equities and a weaker U.S. dollar.

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