IBT Staff Reporter

145231-145260 (out of 154954)

U.S. Stocks Tumble in Early Trading

U.S. stocks dropped at the open on Monday after the Federal Reserve cut its discount interest rate at an emergency meeting and JP Morgan Chase & Co. agreed to buy Bear Stearns Cos. for $2 a share, fueling fears that the global credit crisis is spiraling out of control.

Jackson reaches deal over Neverland ranch

Michael Jackson has reached a confidential agreement with Fortress Investment Group to retain ownership of his 2,500-acre Neverland ranch in Los Olivos, Calif., northwest of Santa Barbara, according to reports.

'Sadistic' Game Ok'ed to Hit Shelves

The ban of a controversial video-game has been lifted in Europe today ending a long standing battle between game maker Rockstar and the British Board of Film Classification.

DVR May Transform Apple TV

Apple has called its Apple TV product a hobby while its iPod and computer products have served as its main growth engines, however new surfaced patents could morph the product into a game-changer one analysts contends.

Doctors cleared in death of actor John Ritter

Doctors responsible for treating actor John Ritter on Friday before he died in 2003 from a torn aorta, have been cleared of negligence after receiving a $67 million wrongful death lawsuit.

BSE Sensex makes a comeback, gains 2.6 percent

Sensex, the prime 30-share index of the Bombay Stock Exchange (BSE) staged a comeback on Friday and ended the week on a positive note, gaining 2.63 percent or 403.17 points, even as concerns persisted about weak US economy and subprime crisis.

Gold futures reach $1,009 an ounce

Gold futures spiked to a new record of $1,009 an ounce in New York on Friday, as investors turned to the safe haven after news of a bailout from troubled investment bank Bear Stearns while the plunging demand increased demand for the precious metal.

Treasuries Rise on Bear Stearns Bailout

U.S. Treasury note prices rose on Friday after amid continuing struggles in the financial sector as the Federal Reserve, through JPMorgan Chase, gave emergency funds to struggling investment bank Bear Stearns.

Dollar Slips to New Low Versus Euro on Bear Stearns

The dollar fell to a new low against the euro and dipped lower against the yen on Friday amid more trouble in the financial sector as JPMorgan Chase and the New York Federal reserved teamed up to bail out struggling investment bank Bear Stearns.

Astronauts Begin Shuttle Walk

Two astronauts from the US shuttle Endeavour on Thursday began the first of a series of spacewalks to install Japan's maiden laboratory at the International Space Station, according to NASA.

Nintendo Outsells Rivals Again, Sony Second

Nintendo continued to dominate rivals in the month of February, with new data showing the game-maker selling nearly twice as many game-consoles in the second month of the year.

Dollar falls to new record low

The dollar traded at a record low versus the euro on Thursday on concerns of continuing credit market turmoil and its possible effect on the U.S. economy.

US gold scores $1,000 record high as dollar sinks in NY

Gold futures in New York surged above the historic $1,000 an ounce benchmark on Thursday, led by a combination of a weakening dollar, soaring crude oil prices and strong investment demand, prompting investors to enter the bullion market. Silver and platinum also gained.

Natural Gas Weekly Update - Mar 13

Natural gas spot and futures prices generally increased this report week, as cold weather continued but showed signs of easing. During the report week, the Henry Hub spot price increased $0.32 per million Btu (MMBtu) to $9.69.

Gold smashes the $1,000 benchmark in NY

U.S. gold futures hit a record high of $1,00 an ounce on Thursday morning, led by a combination of a weakening dollar, soaring crude oil prices and strong investment demand.

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