IBT Staff Reporter

154021-154050 (out of 154943)

Drax leads FTSE lower

Shares fell on Wednesday, led by Drax Group, amid new fears that the Bank of England may, contrary to expectations, raise interest rates on Thursday after its two day meeting.

Manufacturing rises for third month

Manufacturing output increased for a third consecutive month in July, official data showed on Wednesday, in a further sign of recovery in the sector.

Gallaher Says First-Half Profit Up

Gallaher Group PLC, Britain's second largest tobacco company, said first half profit rose 17 percent as the company benefited from rising sales in eastern Europe.

BP hit by U.S. lawsuit

A new lawsuit lodged against BP claims the oil giant manipulated crude oil prices by refusing to allow traders access to U.S. storage facilities

Baugur eyes Woolworths -paper

Confectionery to DVDs retailer Woolworths Group Plc could be broken up under a takeover plan devised by Icelandic investor Baugur

Gallaher weathers tough markets

Tobacco company Gallaher Group Plc posted a 4 percent rise in half year profits on Wednesday and forecast an improving second half

FTSE eases in sluggish trade

Shares edged down on Wednesday, with electrical goods retailer DSG International among the biggest losers after a muted trading update

DSG boosted by flat panel TVs

DSG International Plc increased like for like sales 5 percent in the first 16 weeks of its financial year on strong demand for flat panel TVs

Italian wine lovers roll out the barrel

Faces furrowed with concentration and biceps bulging, Lorenzo Martire and Giovanni Zorn puffed their way up the narrow streets of this medieval town, rolling the 80kg oak wine barrel ahead of them.

Barrel race for Italiian wine lovers

Faces furrowed with concentration and biceps bulging, Lorenzo Martire and Giovanni Zorn puffed their way up the narrow streets of this medieval town, rolling the 80kg oak wine barrel ahead of them.

Vivendi to buy BMG

Vivendi's Universal Music has agreed to buy BMG Music Publishing for 1.63 billion euros (1.1 billion pounds) in a long-expected deal that makes the world's biggest seller of recorded music also the largest in music publishing.

BMG to be bought by Vivendi

Vivendi's Universal Music has agreed to buy BMG Music Publishing for 1.63 billion euros (1.1 billion pounds) in a long-expected deal that makes the world's biggest seller of recorded music also the largest in music publishing.

Intel expected to announce major job cuts

Intel Corp., the world's biggest maker of microchips, is expected to announce major job cuts on Tuesday as part of a plan to trim $1 billion in costs and regain its competitive edge, analysts and media reports said.

Microsoft sets pricing for Windows Vista

Microsoft Corp. announced on Tuesday U.S. prices for Windows Vista, the long-awaited new version of the operating system that sits on more than 90 percent of the world's PCs.

Consumer electronics comes of age at IFA show

Sebastian from Germany is looking for a high definition (HD) television set, IT engineer Armin is after a media-centre computer, software developer Jens wants a digital photoframe, and Italian civil servant Anna a new phone.

Irwin's death clogs Web sites, stuns world fans

In death as in life, iconic TV naturalist Steve Irwin captivated millions worldwide and clogged the Internet as fans from Guam to Glasgow reacted with disbelief to news The Crocodile Hunter was dead.

SunGard tops list of bidders for Misys: sources

U.S. software firms SunGard Data Systems and Fiserv Inc top the list of suitors expected to submit bids for UK software company Misys by a deadline set for later this week, sources close to the matter said on Monday.

Sony to cut PS2 price in Japan ahead of PS3 launch

Sony Corp. said on Tuesday it would cut the price of its PlayStation 2 game console by about 19 percent to 16,000 yen ($138) in Japan as it gears up for the eagerly awaited launch in November of the PlayStation 3.

Voice recognition goes wireless

Zee Tawasha is an unabashed Blackberry addict, constantly sending urgent e-mails to employees at 30 mobile phone stores he owns across California, Arizona and Nevada.

IMF targets strong economies with crises loan-draft

A proposed new IMF lending facility to avert crises in emerging market countries would only be available to those with strong performing economies, sustainable debt and transparent reporting systems, a draft of the proposal obtained by Reuters says.

Terrorism Hurts Markets, but How Much?

How much does terrorism affect stock prices?To find the answer, economists have parsed market reaction to events dating back to the 1915 sinking of the Lusitania, academics have studied how attacks on McDonald's restaurants have affected the company's stock price and researchers in Israel have chronicled what 13 years of suicide bombings did to stocks there.

The Next Level: 4G Cell Phones

Leaping past existing 3G cell phone technology, 4G Technology promises video, and data transmission as fast as broadband Internet connections.

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