IBT Staff Reporter

146101-146130 (out of 154943)

Most Text Messages Are Saved Only Briefly

Millions of fingers scurrying over mobile electronic devices probably paused this week as news emerged of a trove of text messages containing flirty and sexually explicit chat between Detroit Mayor Kwame Kilpatrick and a top aide. Even those engaging in more wholesome dialogue would be wise to wonder: Do text messages disappear _ like oral conversations _ or are they permanently logged somewhere for potential retrieval _ like e-mail usually is?

Fear of losing drives traders to the edge

How often have you sat on losses, in the hope that fortune will shine and turn your shortfalls into gains?

Fed may have a problem: traction

The panicky rate cuts shows how limited its options are

Wall Street Slowdown in '08?

Wall Street banks face a big challenge: a U.S. economy on the edge of recession

Gold, Platinum Soar on South Africa Power Cuts

Gold and platinum prices surged to new records on Friday on deteriorating electricity shortages in South Africa, a top producer of the precious metals, increased the supply demand.

U.S. Crude Oil Climbs on Stimulus Package Headway

Crude oil climbed on Friday as U.S. officials moved quickly to advance an economic stimulus package, diminishing fears of an economic recession in the U.S.

The Booming Britney Spears Economy

As the Britney Spears debacle continues to unfold daily on tabloids around the world, a new study estimates she is worth a staggering $120 million to the US economy.

Dollar Gains on Euro on Lower Chance of Aggressive Fed Rate Cuts

The dollar gained against the euro on Friday on speculation that the Federal Reserve may not make an aggressive move to lower interest rates when it meets next Tuesday.

Google CEO bullish on mobile Web advertising

The arrival of a truly mobile Web, offering a new generation of location-based advertising, is set to unleash a huge revolution, Google Inc Chief Executive Eric Schmidt said on Friday.

Baidu leads China Web search market in Q4

Baidu.com Inc led China's search engine market in last year's fourth quarter with a 60.1 percent share, research firm Analysys International said on Friday.

Ledger's Family: Hearts are Broken

The grieving family of the Hollywood actor Heath Ledger said Our hearts are broken in a death notice published in an Australian newspaper.

China insurers facing tougher 2008-regulator

Higher interest rates, a rising yuan and stock market volatility pose stiff challenges for Chinese insurance companies, the industry regulator said on Friday.

Japan's Mizuho, India's Top Bank to Tie Up

Mizuho Financial Group will join forces with India's top bank, State Bank of India, on syndicated loans and other areas, as Japan's second-largest lender looks to capitalize on the growing Indian economy.

India's Dr Reddy's posts Q3 loss, German unit weighs

India's Dr Reddy's Laboratories Ltd posted an unexpected net loss for the December quarter as it wrote off $60 million of costs for its underperforming German unit and saw revenues decline.

Dunkin' Donuts to open shops in Shanghai

Dunkin' Donuts said on Friday it plans to open its first shop in Shanghai this spring as part of its move into the Chinese market.

Nissan feels less impact from strong yen: Ghosn

Nissan Motor has been hurt less by the yen's strength than other companies, thanks to its strategy of producing cars for the U.S. market locally, Chief Executive Carlos Ghosn said on Friday.

Blackstone setting up $675 mln Brazil fund: report

Blackstone Group LP, the U.S. private equity company, is setting up a $675 million fund to invest in Brazil and will contribute $500 million in capital, the Valor Economico newspaper said on Friday.

Citigroup CEO gets $26.7 mln stock, 3 mln options

Citigroup Inc awarded Chief Executive Vikram Pandit $26.7 million of shares and 3 million stock options, six weeks after he took over the largest U.S. bank, and a week after reporting a record $9.83 billion quarterly loss.

Wall Street, even Goldman, faces '08 slowdown

Wall Street banks battered by mortgage and credit losses survived 2007 only to face an even bigger challenge: a U.S. economy on the edge of recession.

Scorn for banking industry after SocGen scandal

Business leaders said they were aghast by the culture of banking and its excesses following revelations that a trader at French bank Societe Generale had lost $7 billion through possible fraud.

Goldman Sachs says to cut about 2,000 jobs

U.S. investment bank Goldman Sachs plans to release about 5 percent of its global workforce in coming months, a company spokesman said on Friday.

Heath Ledger: Funeral Planned for the Old Soul

Heath Ledgers relatives are expected to arrive from Australia on Friday as they prepare for the funeral of the son they refer to as the most amazing 'old soul' in a young man's body.

Stocks Lean Towards 3-Day Rally

U.S. Stocks moved towards a higher opening on Friday, buoyed by strong earnings from Microsoft and a quick decision to implement a U.S. economic stimulus package boosted investors confidence. Following the biggest global stocks rally in two and a half years on Thursday, U.S. stocks are set to make their first string of three consecutive days of gains since December, and first weekly rise in five weeks.

IBT Staff Reporter

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