IBT Staff Reporter

140551-140580 (out of 154948)

Oil hovers around $47 on OPEC, U.S. data

Oil edged down below $47 a barrel on Tuesday, as dealers mulled OPEC output options at a meeting this weekend and ahead of weekly U.S. stocks data expected to show another fall in crude inventories.

Asian stocks gain, but rise seen fragile

Asian shares rebounded on Tuesday from a three-session losing streak, while the safe-haven bid on the dollar retreated in moves seen as a momentary reprieve from concerns about the weak outlook for the global economy.

Oil holds above $47 on OPEC meeting, U.S. data

Oil held above $47 a barrel on Tuesday, as dealers mulled the possibility of deeper OPEC output cuts at a meeting this weekend and ahead of weekly U.S. stocks data expected to show another fall in crude inventories.

U.S. autos task force meets UAW, GM, Chrysler in Detroit

Members of the Obama administration's autos task force met for the first time with the national leadership of the United Auto Workers on Monday as part of a visit to the Detroit area where they again met with executives of General Motors Corp and Chrysler.

Dow, Rohm merger to go through

Dow Chemical Co agreed on Monday to go through with its purchase of Rohm and Haas Co reaching a settlement after the two sides were scheduled to go to a trial over Dow's refusal to close the deal.

YouTube to block music videos for UK users

Google Inc's online video site, YouTube, said on Monday it will block all music videos to British users after it was unable to reach a rights deal with the main songwriters' collection society.

Autos task force sees GM, Chrysler on home turf

Members of the Obama administration's autos task force toured General Motors Corp and Chrysler facilities in the Detroit area on Monday, checking new technology and meeting with company executives.

Citi spends $3.5M to reward Smith Barney brokers

Citigroup Inc. spent about $3.5 million to provide rewards for top-performing advisers at its Smith Barney brokerage unit, funded by operating revenue to achieves a nearly 80 percent cost saving.

Motorola's indoor, outdoor MC55 making difference

On March 9, 2009, Motorola introduced the MC55 EDA stands for Enterprise Digital Assistant, a highly durable, yet small smart phone, which has the ability to survive even when it drops, which will be displayed during next week's IWCE show in Las Vegas.

Cuomo, Frank demand BofA/Merrill bonus information

New York state's top legal officer and U.S. Rep. Barney Frank demanded on Monday that Bank of America Corp provide more details on $6.9 billion in bonuses paid in 2008, including $3.6 billion at the former Merrill Lynch & Co.

Tyson gets $1B credit line, closes notes offering

Tyson Foods Inc, the world’s largest meat producer and marketer, said Monday, it has entered $1 billion new secured credit facility with JPMorgan as administrative agent and has closed its previously announced offering of $810 million.

Seagate demo high-speed Serial ATA

Today, at the Everything Channel Xchange Conference in New Orleans, Seagate teaming with Advanced Micro Devices (AMD), demonstrated a new interface that could one day make hard-disk speeds run even faster.

Wall St. slips as drug M&A overshadows banks

U.S. stocks fell in choppy trade and the Nasdaq slid to a fresh 6 and 1/2-year low on Monday as shares of the biggest drugmakers fell after Merck's proposed a $41 billion takeover of Schering-Plough .

Wal-Mart, Michaels swap executives

Wal-Mart Stores Inc said on Monday it hired former Michaels Stores Inc Chief Executive Brian Cornell as the president and CEO of its Sam's Club warehouse business, effective April 3.

Wall St slips as drug M&A overshadows banks

U.S. stocks fell in choppy trade and the Nasdaq slid to a fresh 6 and 1/2-year low on Monday as shares of the biggest drugmakers fell after Merck's proposed a $41 billion takeover of Schering-Plough .

Barclays to buy Bear Wagner unit from JPMorgan

Barclays agreed on Monday to acquire the Bear Wagner Specialists LLC operations from JPMorgan Chase & Co, a move that will leave the New York Stock Exchange with five designated market makers.

GE to Sell Debt under FDIC Program

GE Capital said Monday it would sell $8 billion in bonds through the Federal Deposit Insurance Corporation's Temporary Liquidity Guarantee Program, which allows companies to issue debt with the backing of the U.S. government, a company spokesman said Monday.

Wall St. slips; drug deal news eclipses banks

U.S. stocks fell in choppy trade and the Nasdaq slid to a fresh 6 and 1/2-year low on Monday as shares of the biggest drugmakers fell after Merck's proposed a $41 billion takeover of Schering-Plough .

BofA turns to gov’t to sell $8.5 billion in debt: report

Taking advantage of a government program approved last year designed to provide liquidity to financial institutions during the credit crisis, Bank of America Corp. has sold $8.5 billion of debt backed by the Federal Deposit Insurance Corp., according to a report.

Oil jumps 3 percent on U.S.-China tensions, OPEC

Oil jumped more than 3 percent to $47 a barrel on Monday as a naval incident between the United States and China, the world's top oil consumers, boosted geopolitical tensions and as dealers pondered the possibility of deeper production cuts by OPEC.

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