IBT Staff Reporter

148771-148800 (out of 154943)

Greenhouse gas emissions hit danger mark: scientist

The global economic boom has accelerated greenhouse gas emissions to a dangerous threshold not expected for a decade and could potentially cause irreversible climate change, said one of Australia's leading scientists.

Dollar continues to recover after U.S. jobs data

The dollar firmed against the euro on Tuesday as it continued to draw support from a more positive U.S. economic outlook and a growing view the Federal Reserve may not cut interest rates later this month.

Stock futures point to flat open

Stock futures were little changed on Tuesday with market attention on aluminum company Alcoa, which kicks off the quarterly earnings season.

Oil dips below $79

Oil extended its losses to ease below $79 a barrel on Tuesday, after a nearly 3 percent slump in the previous session amid a wider slide in commodities tied to a rebound in the U.S. dollar.

Chrysler, UAW talks intensify as strike deadline looms

With just over a day remaining until a strike deadline, representatives of the United Auto Workers union and Chrysler LLC bargained into Tuesday morning in a bid to reach a new contract for some 49,000 U.S. factory workers.

Yum Brands posts higher profit, boosts forecast

Restaurant operator Yum Brands Inc reported better-than-expected quarterly earnings and boosted its full-year outlook on Monday, sending its shares up more than 4 percent in extended trading.

Big write-downs loom at JPMorgan: analysts

JPMorgan Chase & Co Chief Executive Jamie Dimon has given investors plenty to worry about throughout the year, but they have shrugged off his cautionary remarks and embraced his couched reassurances. It might be time to reconsider Dimon's cautionary side after Merrill Lynch & Co Inc unveiled a $5.5 billion credit implosion last week.

UAW sets deadline in Chrysler labor talks

Negotiators from Chrysler LLC and the United Auto Workers were set to resume contract talks on Monday after the union set a deadline for wrapping up negotiations this week. The struggling No. 3 U.S. automaker has been given a 72-hour strike notice by the UAW as they negotiate a new labor agreement, a person familiar with the talks said on Monday.

U.S. downturn worries ease among investors

Worries about a U.S. economic downturn and its fallout across the world eased on Monday, lifting the dollar and Asian stocks although European shares took a breather after a five-session rally.

Sprint, Vonage settle patent dispute; shares soar

Wireless service provider Sprint Nextel Corp agreed to settle a patent lawsuit against Vonage Holdings Corp for $80 million, triggering a sharp rebound in the Internet phone company's shares on Monday. The news of a settlement pushed Vonage shares up 74 percent to $2 in early composite trade. However, they are still a fraction of their May 2006 initial public offering price of $17.

Oil plummets on rising dollar

Oil fell more than $1 on Monday to below $80 a barrel, tracking a firming U.S. dollar which rebounded from recent record lows.

Zune plays new tune with social networking

Microsoft's introduction of three new Zune media players, combined with an updated version of the Zune digital music service, suggests that the relatively lackluster response to the initial Zune offering has not fazed the computing giant from advancing its digital music agenda.

Google shares hit new high at $600

Shares of Web search leader Google Inc. hit a new benchmark of $600 in early trading on Monday, fueled by investor confidence in the strength of its Internet advertising technology. Google shares briefly hit $600 for the first time, a key threshold for the company which priced at $85 per share at its initial public offering in 2004.

Healthscope, Symbion agree new $2.5 billion deal

Australian healthcare firm Symbion Health Ltd will be broken up and sold to Healthscope Ltd and private equity firms in a A$2.8 billion ($2.5 billion) deal aimed at sidestepping opposition to a tie-up from a rival suitor.

Pages