IBT Staff Reporter

128581-128610 (out of 154943)

Asian stocks benefit from better mood on banks

Asian stocks bounced on Tuesday as a rally in U.S. financial shares helped Japan break a long losing streak, while also reversing some of the recent safe-haven rush into the yen and sovereign bonds.

Taiwan hit by 6.7 & 5.0 earthquakes within two hours a day

A magnitude 6.7 earthquake hit just off the coast of Taiwan at 2:05 am Tuesday morning, east of the coastal city of Hua-lien, followed by a magnitude 5.0 aftershock at 4:28 am in the same location, the China National Seismological Network reported early Tuesday.

June budget gap $94.32 billion, record for June

The U.S. government rang up a $94.32 billion budget deficit in June, a record for the month, as the price tag for efforts to prop up the economy, banks and automakers mounted while revenues weakened.

Asian shares find relief in Wall St rally

Asian stocks bounced on Tuesday as a rally in U.S. financial shares helped Japan break a 10-session losing streak, while also reversing a little of the recent safe-haven rush into the yen.

US Fixed Income Report 7/13

US TREASURIES reversed from the recent highs on Monday after equities posted a strong rebound from overnight lows after Goldman Sachs received a strong buy recommendation based upon expectation of the leading Wall Street firm posting better than expected earnings driven by record breaking revenues from its trading activities.

Lawmaker seeks more data in BofA-Merrill deal

A U.S. Republican lawmaker involved in a congressional probe of government influence over Bank of America's purchase of Merrill Lynch has asked for more documents from the Treasury Department and the New York State Attorney General to shed light on government intervention in the banking system.

Take Two reduces forecast, delays game launch

Take Two Interactive Software Inc cut its financial outlook for the next two quarters due to the delayed release of its BioShock 2 video game and lower-than-expected retail orders for other titles.

New heart disease test could add to cancer toll

Using a relatively new way to test for blockages in the heart's arteries as a general screening exam could lead to more than thousands of new cases of cancer in the US, according to a new study in the Archives of Internal Medicine.

WHO says health workers priority for H1N1 vaccine

Healthcare workers should get priority access to H1N1 flu vaccinations to ensure health systems keep functioning as the swine flu pandemic spreads around the globe, the World Health Organization said on Monday.

Study may prompt rethink on schizophrenia drugs

Schizophrenia patients given a cheap older drug are less likely to die prematurely than people on newer treatments, despite the older product's well-known adverse side effects, Finnish researchers said on Monday.

Obama seeks to regain initiative on healthcare

A combative President Barack Obama on Monday sought to regain the initiative on overhauling the U.S. healthcare system after legislation slowed down in the U.S. Congress while he was abroad last week.

Nokia's Surge debuts at $80

Nokia on Monday introduced its new Surge, a Symbian S60-based Smartphone with video sharing for design for multimedia and entertainment mania.

Dell sees lower Q2 margins, stock falls

Dell Inc forecast lower gross margins in the July quarter as demand has shifted toward cheaper computers such as netbooks, while prices of components are rising, sending its shares down 4 percent.

Take Two revises forecast, delays game launch

Take Two Interactive Software Inc reduced its financial forecast for the fiscal third quarter, as it delayed the release of one of its new video game titles and confronted tougher-than-expected retail conditions.

Pages