IBT Staff Reporter

151921-151950 (out of 154943)

China province head apologizes in slave labor storm

The governor of the Chinese province shaken by a slave labor scandal publicly apologized on Friday, as officials described farmers, children and mentally impaired people snatched into a grim rural underworld.

Optimism for Home Values

Despite slow sales in the past four years, Americans believe their homes are worth more now than a year ago.

Gold off 1-week low, Tokyo futures extend losses

Gold held steady on Friday after falling to a one-week low the previous day, while bullion contracts in Tokyo extended losses as cautious investors digested a plan by the Japanese exchange to boost liquidity.

Oil rises above $71 on Nigeria strike fears

Oil jumped more than a dollar to top $71 a barrel on Friday on fears a strike by Nigerian unions could intensify and disrupt shipments from the world's eighth-largest exporter.

U.S. general laments Google Earth capability

The head of U.S. Air Force intelligence and surveillance on Thursday said data available commercially through online mapping software such as Google Earth posed a danger to security but could not be rolled back.

Blackstone IPO raises $4.13 bln

Blackstone Group LP, the largest private equity firm to go public, said on Thursday it raised $4.13 billion in an initial public offering priced at the top of a forecast range in the biggest U.S. IPO in five years.

Group urges fine-tuning of US Fed credit card plan

Consumer groups urged the Federal Reserve on Thursday to make minor changes to a proposal requiring more disclosures by credit card companies to help consumers understand various fees and interest rates.

Dow Jones premium price likely a one-time deal

News Corp.'s $5 billion bid for Dow Jones & Co. Inc. may have fueled a modest rally among newspaper stocks but it's unlikely to spark similar deals or push publishing sector takeover values higher, analysts say.

Yen, Swiss franc suffer as high-yielders gain

The dollar gained against the Swiss franc on Thursday and approached a four-and-a-half-year high against the yen as investors continued to punish low-yielding currencies in a quest for higher returns.

GE, Pearson drop Dow Jones takeover pursuit

General Electric Co. and Pearson Plc said on Thursday they will not pursue a joint offer for publisher Dow Jones & Co. Inc., removing a potential challenge to a $5-billion bid by Rupert Murdoch's News Corp.

Sony to Increase Output of Games for PS3

Sony Corp. expects a steep increase in the number of game titles released for its flagship Playstation 3 game console, aiming to help the unit's slumping sales, according to a published report.

MySpace Launches Instant Messenger

MySpace Launches Instant Messenger News Corp.'s (NSADAQ: NWS) popular social networking site, MySpace, said it officially launched a test version of its instant messaging program, dubbed MyspaceIM.

H&R Block Shares Drop on 4Q Loss

H&R Block Inc. (NYSE: HRB) reported a fourth quarter loss on Thursday, on the poor performance of its mortgage lending arm, sending shares down nearly 4 percent.

Nvidia Sees New High on New Chip, Margins

Shares of graphics chip maker Nvidia Corp. (NASDAQ: NVDA) traded at an all time high on Thursday after the company gave an upbeat outlook for the near-term and it introduced a new high-end desktop product.

Sony promises more games to boost PS3 demand

Sony Corp. expects at least 380 new PlayStation 3 games to hit the market this business year and says that should rev up demand for the console that has so far lost out to Nintendo's wildly popular Wii.

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