IBT Staff Reporter

(Corrects to show Citigroup's exit from Dow occurs on Monday at start of trading and not after bell)

Jun 05, 2009

Mexico, the second largest emitter of greenhouse gases in Latin America, committed to cut carbon dioxide emissions by 50 million tonnes a year by 2012, Mexico's president Felipe Calderon said today.

Jun 05, 2009

U.S. stocks flip-flopped throughout Friday's session, with the major indexes ending split as investors paused to consider conflicting signals in monthly U.S. jobs data.

Jun 05, 2009

The International Monetary Fund (IMF) released an economic outlook of Thailand in 2009 on Friday after concluding the Article IV consultation with the Country.

Jun 05, 2009

Sprint Nextel Corp Chief Executive Dan Hesse is counting on Palm Inc's Pre smartphone to help the company move past criticism about its customer service and network quality.

Jun 05, 2009

Over 200 countries have confirmed their participation in the World Expo in Shanghai next year, with the European Union (EU) promising to show up for the first time in history.

Jun 05, 2009

The pace of U.S. job losses slowed sharply last month, the strongest sign to date that the recession is diminishing, even as the unemployment rate hit its highest in nearly 26 years.

Jun 05, 2009

U.S. employers last month cut the fewest jobs since September and international policy-makers said the worst of the downturn may be over as more positive corporate news popped up around the globe.

Jun 05, 2009

John P. McMurray made it clear to his Countrywide Financial Corp bosses that they were playing a dangerous game with risk. But they didn't listen.

Jun 05, 2009

Vice President Joe Biden said Friday the White House plans to ramp up the pace of its economic recovery efforts following the announcement of 25-year-high unemployment rate.

Jun 05, 2009

Tech Mahindra revises Satyam open offer India’s Tech Mihandra, which has 31 percent stake of fraud-hit Satyam Computer Services Ltd on Friday said its Rs. 1,154 billion or $231 million additional open offer of a 20 percent stake to its shareholders approach will be move on June 9 from the earlier schedule of June 3. However, Dates for all other activities of the schedule remain unchanged, the filing said.

Jun 05, 2009

Lawyers for Allen Stanford, the Texas financier charged with an $8.5 billion fraud by U.S. regulators, on Friday characterized a $20 million fee request by the case's receiver as exorbitant, according to a court filing.

Jun 05, 2009

Apple Inc kicks off its annual developers' extravaganza on Monday under a tight lid of secrecy, with investors expecting the electronics maker to unveil new or cheaper versions of its popular iPhone.

Jun 05, 2009

Google issued an early preview release of its Chrome browser for Linux and Mac OS X on Thursday, but Google warned that the browser may crash and is still lacking some features.

Jun 05, 2009

A former U.S. State Department official and his wife were arrested on charges of serving as agents of Cuba for nearly 30 years and conspiring to provide classified U.S. information to the Cuban government, the Department of Justice announced on Friday.

Jun 05, 2009

Bank of America Corp. announced Friday afternoon the election of four new directors aiming to address Regulators’ concerns that that board lacks financial expertise.

Jun 05, 2009

Iran has expanded the number of centrifuges enriching uranium to almost 5,000 and this has made it harder for U.N. inspectors to keep track of the disputed nuclear program, according to an IAEA report seen by Reuters.

Jun 05, 2009

The pace of U.S. job losses slowed sharply last month, the strongest sign to date that the recession is diminishing, even as the unemployment rate hit its highest in nearly 26 years.

Jun 05, 2009

The Dow industrials ended slightly higher on Friday while the S&P 500 and the Nasdaq dipped as investors paused to consider conflicting signals in monthly U.S. jobs data. Investors also sold some recent winners to take some profits from the spring rally.

Jun 05, 2009

The Federal Deposit Insurance Fund Corp. is looking to shake up Citigroup’s top management, the Wall Street Journal reported today.

Jun 05, 2009

Whether you come by your sweet tooth naturally, suddenly find your pants slipping southward from too much road grub, or just can’t face another plate of mystery meat, desserts on the road are a great way to get to know a country’s culinary culture.

Jun 05, 2009

Electric vehicle services provider Better Place said Friday its automated battery swap stations have marked 1,000 replacements of batteries from electric vehicles in Japan, the firm's vice president Jason Wolf said at the Smart Grid Innovation Symposium, according to Greentechmedia.

Jun 05, 2009

U.S. president Barack Obama is on his second visit to Europe on Thursday in 10 weeks after previously attending a NATO summit jointly hosted by Germany and France at the beginning of April.

Jun 05, 2009

White House economic adviser Christina Romer on Friday said payrolls data was consistent with a trend of moderating job losses, but the unemployment rate would stay high for a while.

Jun 05, 2009

Global stocks edged higher and the U.S. dollar gained against the euro and yen on Friday after the pace of U.S. job losses slowed sharply in May, adding to growing sentiment that the economic slowdown may be turning.

Jun 05, 2009

Nearly one in four U.S. homes for sale on June 1 had their prices sliced at least once since landing on the market, data compiled by real estate website Trulia.com showed on Friday.

Jun 05, 2009

Many Internet and media companies that were busy buying start-ups in the boom years could shed assets they no longer deem central to their business, as the recession imposes an age of frugality.

Jun 05, 2009

U.S. stocks were little changed on Friday as investors fretted about government data that gave conflicting signals about the job market, tempering some of the recent optimism about economic stabilization.

Jun 05, 2009

The U.S. Federal Reserve has privately expressed concerns over new accounting rules that could force banks to move more assets onto their books, a person familiar with the Fed's thinking said on Friday.

Jun 05, 2009