IBTimes.com : Top News

WTO favours China in chicken import dispute with US: report

Thu, 29 Jul 2010 08:04:58 EDT

World Trade Organization (WTO) delivered a ruling against the US ban on chicken products from China, according to a report.

Thomson Reuters quarterly profit, revenue fall

Thu, 29 Jul 2010 08:03:22 EDT

Thomson Reuters Corp reported lower quarterly profit and revenue that were slightly below Wall Street expectations, but said sales trends pointed to a return to revenue growth this quarter.

Analysts: NVIDIA Will Feel Little Impact From Losing iMac

Thu, 29 Jul 2010 08:02:30 EDT

Despite losing out to AMD on the newest line of iMac computers, NVIDIA should feel little impact on its bottom line.

Adobe Bolsters Security Efforts, Joins Microsoft's MAPP

Thu, 29 Jul 2010 08:01:45 EDT

Adobe joined Microsoft Corp.’s Microsoft Active Protections Program to fight growing security threats.

Sprint Slows Subscriber Losses, Faces Phone Shortage, Network Build

Thu, 29 Jul 2010 07:56:15 EDT

Sprint Nextel is showing net subscriber growth, but will run into problems if it faces continued phone shortages and slowdowns in rolling out its 4G network.

Motorola profit and revenue beat Wall Street view

Thu, 29 Jul 2010 07:56:01 EDT

Motorola Inc posted a quarterly earnings and revenue that beat Wall Street expectations, sending its shares up 2 percent.

Euro zone economic sentiment improves in July

Thu, 29 Jul 2010 07:48:04 EDT

Euro zone economic sentiment improved more than expected in July, buoyed by strong figures from Germany that point to a sustained economic recovery for the currency area as it overcomes the sovereign debt crisis.

Brokerages cut Nvidia's profit view after weak forecast

Thu, 29 Jul 2010 07:47:34 EDT

Atleast two brokerages cut their earnings estimate on Nvidia Corp (NVDA), a day after the graphics chip maker chopped its second-quarter sales forecast due to weakness in Europe and Asia and a shift in demand towards lower-end chips.

Stock futures up on Europe data ahead of jobless claims

Thu, 29 Jul 2010 07:40:02 EDT

Stock index futures rose on Thursday following two days of declines for the S&P 500 after upbeat European economic data and ahead of an expected drop in U.S. jobless claims.

Local governments warn: more job, service cuts

Thu, 29 Jul 2010 07:40:36 EDT

Local government revenue has withered so drastically that U.S. cities and counties will have to cut hundreds of thousands of jobs in the coming months, leaving communities without basic services and raising jobless rates, according to a survey.

Analysis: Can a business-led recovery keep U.S. above water?

Thu, 29 Jul 2010 07:38:26 EDT

Call it the emperor-has-no-clothes recovery theory.

Toyota says to recall 412,000 cars in the U.S

Thu, 29 Jul 2010 07:36:37 EDT

Japan's Toyota Motor Corp said on Thursday it would recall 412,000 high-end passenger cars in the United States to fix steering problems.

Indian rupee at near 1-month peak on dollar weakness

Thu, 29 Jul 2010 07:24:45 EDT

The Indian rupee strengthened to its highest level in nearly a month on Thursday afternoon boosted by the dollar's sharp losses against major currencies and some gains in the local sharemarket.

Wall Street futures point to higher open as data eyed

Thu, 29 Jul 2010 07:16:01 EDT

Wall Street futures pointed to a firmer start for equities, after gains in Europe. The Dow closed lower in the previous session on weak durable goods data and a downbeat assessment of the economy from the Fed's Beige Book.

Panasonic makes green energy push, buying 100 pct of Sanyo Electric

Thu, 29 Jul 2010 06:58:09 EDT

The electronic giant said it will offer up to 818.4 billion yen ($9.4 billion) to buy out two of its subsidiaries, Sanyo Electric and Panasonic Electric Works. It may raise up to 500 billion yen in new share offerings to fund the purchases.

Panasonic buying Sanyo, other unit for $9.4 billion

Thu, 29 Jul 2010 06:56:02 EDT

Japan's Panasonic Corp <6752.T> plans to buy out subsidiaries Sanyo Electric <6764.T> and Panasonic Electric Works <6991.T> for up to 818.4 billion yen ($9.4 billion) to strengthen its push into greener businesses.

Wikileaks report on beer poisoning weakens US claim on mineral-rich Afghan adventure

Thu, 29 Jul 2010 06:48:23 EDT

An assassination plot fabricated by insurgents in Afghanistan which included replacing beer with sulfuric acid to poison American soldiers, as revealed by Wikileaks set of recently leaked documents, gained credence as a US geologist confirmed a similar assault.

UK plans to scrap fixed retirement at age 65

Thu, 29 Jul 2010 06:47:06 EDT

Britain announced plans to scrap the fixed retirement age next year, saying it wanted to give people the chance to work beyond 65, but business leaders warned the move would create serious problems.

Deutsche Bank starts Motricity with "Buy" rating

Thu, 29 Jul 2010 06:45:24 EDT

Deutsche Bank Securities initiated coverage on mobile content delivery leader Motricity with "Buy" rating and $15 price target, citing company's promising outlook and attractive valuation.

Rio Tinto seals joint venture agreement with Chinese firm Chalco

Thu, 29 Jul 2010 06:45:00 EDT

Australian mining firm Rio Tinto and Chalco today signed a binding agreement to establish a joint venture (JV) covering the development and operation of the Simandou iron ore project in Guinea.

BP Q2 A GOOD KITCHEN SINK JOB

Thu, 29 Jul 2010 06:35:24 EDT

A RESEARCH EXCERPT UPDATE FROM RAVI LOCKYER MSc Llb, ANALYST AT COLLINS SARRI STATHAM

BSE Sensex provisionally close up 0.3 pct

Thu, 29 Jul 2010 06:34:49 EDT

Indian shares provisionally rose 0.3 percent in choppy trade on Thursday, led by gains in financials, with firm world equities supporting the rise.

Qualcomm India unit to sell stake for $64 mln: sources

Thu, 29 Jul 2010 06:32:06 EDT

The Indian broadband unit of cellphone chip maker Qualcomm plans to sell a 26 percent stake to two Indian companies for about 3 billion rupees ($64 million), two sources with direct knowledge of the matter said.

Lloyds Banking Group, RBS and HSBC share price up as companies boost FTSE 100

Thu, 29 Jul 2010 06:31:45 EDT

Shares in British banks were broadly up on the FTSE 100 in morning trading after a string of good company results helped boost investor confidence.

US futures up ahead of jobs data

Thu, 29 Jul 2010 06:29:18 EDT

Futures on major U.S. indices point to a higher opening as improved economic outlook from Europe overshadowed disappointing U.S. economic data.

BSkyB end year strongly as bid rumours surrounding News Corp continue; shares fall

Thu, 29 Jul 2010 06:27:02 EDT

BSkyB shares are falling on the FTSE 100 despite ending the financial year strongly. The satellite TV-operator said that fourth quarter revenue exceeded the £5.9 bn expected after a one-time £241 million payment from Electronic Data Systems.

Vodafone Essar IPO plans at initial stage: Essar CEO

Thu, 29 Jul 2010 06:26:05 EDT

Plans for an initial public offering by the Indian telecoms venture between Britain's Vodafone and Essar Group are in initial stages, with both partners set to discuss options before making a final decision.

Siemens Q3 beats forecasts as markets recover

Thu, 29 Jul 2010 06:19:41 EDT

German engineering conglomerate Siemens raised its full-year forecast and posted a better-than-expected 40 percent rise in third-quarter operating profit, thanks to cost cuts and a weaker euro that helped boost exports.

Engineers India share sale subscribed 1.6 times: data

Thu, 29 Jul 2010 06:03:10 EDT

State-run Engineers India Ltd's up to $211 million follow-on share sale was subscribed 1.6 times by Thursday afternoon, exchange data showed.

Indian DTH firms bet on premium services, but cost a worry

Thu, 29 Jul 2010 05:48:10 EDT

The Indian Direct-to-home (DTH) broadcast market is witnessing a flood of premium and add-on services like HD (high definition) and gaming features, but cost remains a stumbling block in efforts to woo customers, industry players say.