IBT Staff Reporter

153961-153990 (out of 154954)

Factory gate inflation slows

Factory gate inflation slowed more than expected in August and firms' raw material costs dropped at their sharpest monthly rate in 1-1/2 years, official data showed on Monday.

FTSE 100 opens lower

The FTSE 100 fell on Monday, led by mining and oil stocks as commodity and oil prices dropped.

Algeria unveils limits to foreign oil role

OPEC member Algeria unveiled long-awaited amendments to a reform of its hydrocarbon sector on Saturday that limit foreign participation in exploration and production and impose a windfall tax on surplus profits.

Unilever broke governance rules-investor group

Unilever violated corporate governance rules when it said in 2004 it would convert some preference shares into common shares, Dutch shareholder activist group VEB has concluded from an investigation commissioned by the enterprise chamber of the Amsterdam court.

Guard your Game Boys kids, here comes Grandma!

Unbeknownst to many of her peers, 70-year-old Barbara Sainte-Hilaire, MTV's senior video game correspondent and star of the blog Old Grandma Hardcore, is a sensation in video game circles.

Profanity concerns prompt CBS to show 9/11 on web

CBS Corp. said on Saturday it would broadcast the documentary 9/11 on the Internet as well as the airwaves after several affiliates said they would delay or forgo the award-winning film because it includes profanity.

Chrysler decides against VW cooperation

DaimlerChrysler's Chrysler Group has decided against a cooperation deal with German car maker Volkswagen to produce a new sub-compact car, a German magazine said on Saturday.

Store's fans protest name change in Chicago

Amelia James would consider it an insult to her grandmother to shop at the former Marshall Field's department store, a beloved Chicago institution renamed Macy's on Saturday to the dismay of many ardent shoppers.

HP's Dunn says she has no plans to resign

Hewlett-Packard Co. Chairman Patricia Dunn on Friday defended her role in an inquiry into a boardroom leak that has led to a California state investigation, and said she has no plans to resign unless asked by the board.

Mishaps Lead to New Scrutiny for BP CEO

A series of scandals at oil giant BP Plc's U.S. operations, has shaken investors' faith in its head John Browne and prompted some to re-examine the record of a man often rated among the world's most respected CEOs.

American Airlines Recovers From 9/11

American Airlines was flying high in 2001. Its parent company had averaged $1 billion in annual profit for four years, it had just scooped up iconic TWA to become the world's largest airline, and its stock price was at an all-time high.American Airlines was flying high in 2001. Its parent company had averaged $1 billion in annual profit for four years, it had just scooped up iconic TWA to become the world's largest airline, and its stock price was at an all-time high.

Shock magazine mobilizes cell phone campaign

Publisher Hachette Filipacchi is testing a new mobile phone strategy with what may be its most colorful U.S. title: Shock magazine, home to photos of nuns practicing taekwondo and a polio-stricken dancing transvestite.

Miami, LA top list of cellphone talkers

Look who's talking! People in Miami and Los Angeles chat on their cell phones more than any other Americans, according to a survey of cell phone use in major cities.

Broadcasting rocked as TV viewers become producers

An increasing number of television viewers are producing their own shows, and the TV industry is frantically trying to figure out how to combine broadcasts, Internet movies and home videos into one package.

China draws foreign firms, Chinese flee

The grass is always greener on the other side in China: foreign companies want to tap the country's 1.3 billion consumers while some Chinese firms are desperate to escape the cut-throat competition at home.

Ford's new CEO gets $18.5 million to take job

Ford Motor Co.'s new chief executive Alan Mulally will receive $18.5 million in one-time compensation to join the troubled automaker, the company said in a regulatory filing on Friday.

Fed study shows 2005 jump in non-prime mortgages

U.S. mortgage lending data show sharp growth in the use of higher-priced non-prime mortgages for home purchases in 2005 over 2004, and even steeper gains in the incidence of such loans among blacks and Hispanics, a Federal Reserve study showed on Friday.

Apple to Create Multi-Function Handheld Device

The U.S Patent and Trademark Office posted a patent yesterday detailing plans for Apple Computer to create a multi-function handled device, putting to rest the rumor of an Apple designed portable phone for some experts.

Heinz says Dissident Directors Win Board Seats

Activist investor Nelson Peltz and former Snapple Beverage Group Chief Executive Michael Weinstein appear to have won seats on the H.J. Heinz Co. board of directors, the ketchup maker said on Friday.The two were part of a dissident slate of directors proposed by Peltz's Trian Group, which had sought five positions on the 12-member Heinz board.

OFT criticised for LME ban

The Office of Fair Trading (OFT), Britain's competition watchdog, has been heavily criticised by an appeals tribunal for a ban it imposed on the London Metal Exchange extending trading hours.

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