IBT Staff Reporter

148861-148890 (out of 154943)

Google says closing gap with China rival

Web search leader Google Inc said on Thursday it is closing the gap with rival Baidu in China, after years of trying to increase market share in the world's second-largest Internet arena.

Wendy's same-store sales rise

Wendy's International Inc said on Thursday sales at its company-owned hamburger restaurants open at least 15 months rose 0.2 percent in the third quarter.

Koreas seek formal end to Korean War

Leaders of the two Koreas agreed on Thursday to try to bring peace to the Cold War's last frontier, just a day after the North signed up to an international deal to disable its nuclear facilities.

Oil Steadies Near $80

Oil prices steadied near $80 on Thursday after a surprise build in U.S. crude inventories overshadowed an unexpected decline in fuel stocks.

Pfizer names new research chief

Pfizer Inc on Thursday named Martin Mackay, one of its senior research executives, as its new research chief, and selected a Merck & Co Inc research officer to head clinical development of its medicines.

N.Rock loans from BoE seen near $5.9 billion

Stricken British mortgage lender Northern Rock may have borrowed a further 2.9 billion pounds ($5.9 billion) from the Bank of England in the past week, according to Bank of England data.

Factory orders fall, jobless claims rise

New orders at factories fell more than expected in August and jobless claims climbed last week, government reports showed on Thursday, but markets awaited more conclusive evidence of the impact of the housing slump and credit crisis on the economy.

Yahoo, eBay work to block phishing

Yahoo Inc, is working with auction leader eBay Inc and its PayPal payments unit to block fake e-mails to users purporting to be from eBay and PayPal, hoping to spur on an industry that has been slow to fight the scourge of so-called phishing attacks.

O2 UK digs deep for iPhone advertising splash

Spanish-owned O2 UK and U.S. consumer electronics group Apple plan to launch a multi-million pound joint advertising campaign later this month as they get ready to bring iPhone mobile phones to Britain.

Verizon Wireless plans prepaid revamp, ad alerts

Verizon Wireless, the No. 2 U.S. mobile service, plans to offer new options for customers who pay for calls in advance and the company will send advertising alerts to subscribers who ask for the information, according to marketing chief Mike Lanman.

Blockbuster's online DVD subscribers seen down

Blockbuster Inc, whose management met with members of Wall Street last week, is expected to report a fall in subscribers to its online DVD rental service, some investors and analysts said.

Spam-scam crackdown nets $2 billion in fake checks

An international crackdown on Internet financial scams this year has yielded more than $2.1 billion in seized fake checks and 77 arrests in the Netherlands, Nigeria and Canada, U.S. and other authorities said on Wednesday.

Electronics companies press free trade deals

U.S. electronic companies with combined annual sales of $160 billion urged Congress on Wednesday to approve four pending free trade agreements, which they said were vital to continued economic growth.

Wal-Mart Opens Bank in Mexico

Wal-Mart has finalized preparations for opening its own bank in Mexico, according to latest reports, with branches in the region to be called Banco Walmart de Mexico Adelante.

Wal-Mart told to pay more in worker suit

Wal-Mart Stores Inc must pay an additional $62.3 million in damages to Pennsylvania workers who were forced to work "off the clock" or during rest breaks, a judge ruled on Wednesday.

Congress calls for mortgage czar

Lawmakers called on Wednesday for a 'mortgage czar' to help cope with an expected wave of foreclosures from the U.S. housing slump but Alan Greenspan said the credit crunch was past the worst. Fallout from a global credit squeeze, sparked by problems in the U.S. subprime mortgage market, have rattled markets in recent weeks, threatening economic growth and bank earnings.

Bush vetoes popular bill on kids' health care

President George W. Bush on Wednesday vetoed a measure to expand a popular children's health care program, launching the first in a series of major battles with Democrats over domestic spending. An extra $35 billion over five years would have been added to a health program for low-income children.

Bear Stearns to cut 310 mortgage jobs

Bear Stearns Cos said on Wednesday it was cutting 310 jobs in its mortgage lending business, making the Wall Street bank the latest to lay off staff as a result of the lingering subprime mortgage crisis.

ConocoPhillips encouraged by Venezuelan talks

ConocoPhillips Chief Executive James Mulva said on Wednesday he was encouraged by the ongoing talks with Venezuela on reaching a compensation deal over the seizure of the oil company's assets there.

Nokia and Renault team up in navigation drive

Nokia the world's top cell phone maker, said it will co-brand a set of Renault Twingo cars which will go on sale later this month, packed with Nokia's navigation system and handsfree equipment.

Judge allows class action against Target website

A federal judge in California certified a class action lawsuit against Target Corp (TGT.N) brought by plaintiffs claiming the discount retailer's website is inaccessible to the blind, according to court documents.

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