IBT Staff Reporter

131191-131220 (out of 154943)

Ex-CEO Greenberg says AIG wanted to drop comp plan

A rift between AIG and Maurice Hank Greenberg, former head of the ailing insurer, raised questions in 2005 about a decades-old compensation plan funded by a private affiliate, Greenberg told a federal jury on Thursday.

Green shoots in U.S. jobs, factories and indicators

The U.S. economy sprouted more green shoots of recovery in data released on Thursday, with weekly jobs figures showing unexpected improvement and the slumping factory sector revealing dramatic signs of a rebound.

Wall Street rises on upbeat data

The Dow and the S&P 500 rose on Thursday following three days of losses as economic data pointing to stabilization in the job market and improving regional business conditions lifted investor sentiment.

Discover operating earnings rise

Discover Financial Services reported a smaller-than-expected quarterly operating loss as the fourth-largest U.S. credit card network cut costs and bad loans grew less than expected, sending its shares up 5.5 percent.

Iran opposition figure arrested in hospital: ally

Iranian opposition politician Ebrahim Yazdi has been arrested while in hospital, an ally said on Thursday, the latest in dozens of detentions of pro-reformers since last week's disputed presidential election.

Airplane makers woo suppliers at Air Show

Airplane makers plan to crank up production volumes as soon as the global economic crisis starts easing, and they are using this year's Paris Air Show to convince suppliers that they can sell as many planes as planned.

President Obama fails to quell gay uproar

President Barack Obama's announcement Wednesday offering limited benefits to the same-sex partners of federal employees failed to quell growing anger in the gay community that gay rights issues were getting short shrift at the White House.

North Korea chemical weapons threaten region

North Korea has several thousand tons of chemical weapons it can mount on missiles that could be used on a rapid strike against the South, said a report released on Thursday by the International Crisis Group (ICG).

Discover Financial operating earnings rise

Discover Financial Services , the fourth-largest U.S. credit card network, said quarterly earnings from continuing operations rose nearly 12 percent, helped by an antitrust settlement.

EU to launch bank rule shake-up

European Union leaders will approve new rules to tighten bank supervision at a two-day summit which starts on Thursday and is intended to show the bloc has the economic crisis under control.

Iran protesters find support in L.A. media outlets

Inside a television studio in a suburban Los Angeles strip mall, Farsi-speaking producers pore over hundreds of photos and video clips spirited out of Iran by protesters disputing the result of the recent presidential election.

ElBaradei, Israel clash over Syria probe bias

The U.N. nuclear watchdog chief Thursday angrily rejected Israeli accusations of bias in a probe by his agency into allegations of a secret Syrian atomic site, calling Israel's position totally distorted.

Italy's Berlusconi hit by female escort allegations

Italian Prime Minister Silvio Berlusconi, fresh from a controversy over his friendship with an 18 year-old woman, is now defending himself from allegations that female escorts were paid to attend parties at his homes.

Wearing black, Mousavi supporters hold mourning rally

Tens of thousands of Mirhossein Mousavi's backers, wearing black and carrying candles, rallied in Tehran on Thursday to mourn those killed in mass protests against an election the defeated candidate says was rigged.

Ford balance sheet

Ford Motor Co, the only U.S. automaker not to file for bankruptcy this year, has a sound balance sheet and is seeking to further reduce debt, Chief Executive Alan Mulally said on Wednesday.

Pier 1 loss narrower than estimates, shares jump

Pier 1 Imports Inc posted a narrower-than-expected quarterly loss, helped by improved merchandise margins due to reduced supply chain costs and decreased clearance activity, sending the home furnishings retailer's shares soaring 25 percent.

U.S. jobless claims rise in latest week

The number of U.S. workers filing new claims for jobless benefits rose last week but the number of people staying on the benefit rolls after collecting an initial week of aid fell for the first time since January, a government report showed on Thursday.

PlusPetrol launches C$400 mln bid for Petro Andina

PlusPetrol Resources Corp NV said on Thursday it plans to bid about C$400 million ($354 million) for Petro Andina Resources Inc (PAR.TO) to expand its oil and gas operations in Argentina, Colombia and Trinidad.

Greece to sell 5 pct OTE stake to Deutsche Telekom

Greece said on Thursday it would sell a further 5 percent stake in OTE, southeast Europe's biggest telephone company, to Deutsche Telekom, raising 674 million euros ($941 million) to help cut the country's debt.

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