IBT Staff Reporter

Japan's Nikkei average slipped 1.11 percent on Wednesday to its lowest finish in nearly two weeks, hurt by a tumble in U.S. stocks and a stronger yen.

Jul 11, 2007

U.S. apparel company Liz Claiborne Inc. said on Wednesday that it will cut up to 800 jobs and consider its options for 16 apparel brands under a plan to cut costs.

Jul 11, 2007

DaimlerChrysler shares fell more than 2 percent on Wednesday on market talk of possible financing difficulties for the sale of U.S. carmaking arm Chrysler to Cerberus, traders said, but Daimler said it was not aware of any difficulties.

Jul 11, 2007

World stocks fell and the dollar hit a record low against the euro on Wednesday after signs of fresh woes in the U.S. high-risk mortgage sector rekindled concerns about the potential impact on the wider economy.

Jul 11, 2007

Ventana Medical Systems Inc. said on Wednesday that its board unanimously rejected a $3 billion tender offer from Swiss drugmaker Roche Holding AG.

Jul 11, 2007

The dollar weakened broadly on Wednesday, striking a record low versus the euro and a 26-year trough against sterling as growing fears surrounding the U.S. subprime mortgage and credit sectors gripped financial markets.

Jul 11, 2007

The new kings of Wall Street -- as the managers of booming private equity and hedge funds have been dubbed in the business press -- will come under unaccustomed scrutiny on Wednesday before the U.S. Congress.

Jul 11, 2007

OPEC can do nothing about the high price of oil because factors other than crude supply have sent the market to near record levels, Qatar's Energy Minister said on Wednesday.

Jul 11, 2007

U.S. stock index futures pointed to a higher start on Wall Street on Wednesday, recovering from the previous session's fall, when housing weakness hit shares. U.S. stocks slid on Tuesday as the subprime mortgage crisis escalated, undermining banking shares, while Home Depot and other housing-related companies cut their outlooks.

Jul 11, 2007

Dow Jones & Co. , in talks for a takeover by News Corp., met with supermarket magnate Ron Burkle and Internet entrepreneur Brad Greenspan on Tuesday in an effort to find an alternative offer, a source familiar with the situation said.

Jul 11, 2007

Microsoft Corp. said on Tuesday it will hold firm on pricing for its Xbox 360 game console, defying widespread expectations that it would respond to a price cut by rival Sony Corp. for the PlayStation 3.

Jul 11, 2007

Private equity corporate raiders who have so far sidestepped the mining sector despite widespread consolidation, could soon reset their sights, global accounting and consulting firm Ernst & Young said on Wednesday.

Jul 11, 2007

Gold rose to its highest level in more than one month on Wednesday on a weak U.S. dollar and dealers said the metal was gaining momentum to hit new highs.

Jul 11, 2007

Citigroup plans to boost the number of its branch locations in Japan by 40 percent to about 200, including those of recently acquired brokerage Nikko Cordial Corp., as the financial firm looks to move beyond a niche role in the world's second-largest economy.

Jul 11, 2007

A U.S. investment fund is putting pressure on NEC Corp. to give up control of its ailing chip making unit by offering $1.25 billion for a 25 percent stake, the latest foreign shareholder to apply heat on what they see as

Jul 11, 2007

Danone had most likely bought Numico shares on the open market in high volume trading last Friday.

Jul 11, 2007

China's main stock index ended up 0.33 percent on Wednesday, buoyed by strong real estate and bank stocks, but investors remained worried that imminent initial public offerings may swamp the market with fresh supplies of shares.

Jul 11, 2007

The Bush administration is expected to slash its 2007 budget deficit estimate when it updates its forecast on Wednesday, but uncertainty over slowing corporate receipts may lead the White House to express a more cautious view than some in the financial markets.

Jul 11, 2007

Stocks slid on Tuesday as the subprime mortgage crisis escalated, undermining banking shares, while Home Depot Inc. and other housing-related companies lowered their outlooks.

Jul 10, 2007

Competition within the video game industry is expected to be fiercer than ever over the next 5 years but no single company will grab the whole market, researchers say.

Jul 10, 2007

Shares of Gemstar-TV Guide International Inc. (Nasdaq: GMST) jumped on Tuesday after the company said it was exploring strategic partnerships, including possibly selling itself.

Jul 10, 2007

Advanced Micro Devices said on Tuesday that the former president and chief executive of ATI Technologies, has resigned as executive vice president of AMD, effective the end of July.

Jul 10, 2007

Dell Inc. (Nasdaq: DELL) unveiled a new line of personal computers aimed at small-businesses on Tuesday as it moves to boost its sales and regain its position as the top computer maker.

Jul 10, 2007

TiVo Inc. on Tuesday said many of its customers can now order pay-per-view movies and television shows from Amazon.com's download service directly from their TV, without a personal computer.

Jul 10, 2007

Swings in volatile energy and food prices will have minimal impact on inflation as long as expectations of future price gains are held steady, Federal Reserve Chairman Ben Bernanke said on Tuesday.

Jul 10, 2007

Dell Inc. has made progress in its turnaround efforts but still has 'a long way to go' to spur personal computer sales and regain lost market share, Chief Executive Michael Dell said on Tuesday.

Jul 10, 2007

It’s unlikely that Apple, Inc. is working on a new cheaper version of its iPhone mobile device to replace its iPod Nano music players soon, said one analyst Wednesday.

Jul 10, 2007

Oil neared another 11-month high on Tuesday, extending nine days of gains that have lifted crude by $6 to within striking distance of its record above $78.

Jul 10, 2007

Ford Motor Co. said on Tuesday it would boost output in Russia to 125,000 cars per year by 2009 from 72,000 as it seeks to satisfy booming demand in Europe's fastest growing major car market.

Jul 10, 2007