IBT Staff Reporter

132571-132600 (out of 154944)

U.S. FDIC eyes Citi top management shake-up: report

The Federal Deposit Insurance Corp is aiming at a shake-up of Citigroup Inc's top management, including replacing Chief Executive Vikram Pandit, the Wall Street Journal said, citing people familiar with the matter.

Stocks, oil rise ahead of U.S. jobs data

World stocks rose toward this week's 7-1/2 month high on Friday as resource stocks rallied after oil prices surged past $69 a barrel and optimism grew about an improving U.S. labor market ahead of key jobs data.

Microsoft exec sees lower margins from cloud

Microsoft Corp's chief software architect said on Thursday the profit margins on providing online services -- broadly known as cloud computing -- would likely yield a lower profit margin than the company's existing software business.

Asian shares, oil gain; focus on U.S. jobs data

Asian shares, oil and higher-yielding currencies rose on Friday as positive signals from the latest U.S. weekly job data sparked tentative optimism ahead of the crucial monthly employment report.

Tech firms see 18 percent drop in storage revs: report

Sales of disk storage systems -- which contain much of the world's digital information -- fell 18 percent in the first three months of this year, hit by deep cuts in technology spending, according to industry research firm IDC.

U.S. hopes Iran vote will end holding pattern

Whatever the outcome of Iran's June 12 presidential election, the Obama administration hopes Tehran will then end months of stalling and respond to Washington's overtures for better relations.

Obama seeks to change Muslim perceptions of U.S.

President Barack Obama sought to change Muslim perceptions of the United States on Thursday in a speech that urged Arabs and Israelis to declare in public the realities he said they accept in private.

Nintendo rejected rivals' technology choice: FT

Nintendo Co Ltd tried and rejected the motion-sensing technology that Sony Corp and Microsoft Corp are counting on to catch up in the video games wars, the company's president told the Financial Times.

Canon revives new plant as camera sales hold firm

Japan's Canon Inc, the world's largest digital camera maker, revived on Friday plans to build a $180 million factory as demand holds firm for its high-end single-lens reflex cameras, lifting its shares 1.6 percent.

Countrywide's Mozilo charged with fraud

Angelo Mozilo, who built the largest U.S. mortgage lender, was charged with securities fraud and insider trading on Thursday, making him the most prominent defendant in investigations into the U.S. subprime mortgage crisis and housing bust.

First Third CEO looks forward to paying back bailout funds

Kevin T. Kabat, the chief executive of Fifth Third Bancorp said Tuesday the firm is looking forward to consulting with regulators about repaying the government’s financial bailout funds after the firm said it had completed a common stock offering which raised $1 billion.

Rio and BHP in iron ore tie-up, ends Chinalco deal

Global miners Rio Tinto and BHP Billiton said on Friday they will combine their major Australian iron ore operations, scuppering a $19.5 billion bid by China's Chinalco to secure a stake in Rio and long-term access to its key ore supplies.

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