IBT Staff Reporter

40441-40470 (out of 154954)

Fed should not over-commit to easy policy: Bullard

The Federal Reserve should be wary about over-committing to an ultra-easy monetary policy that has served the economy well in recent years but could be detrimental eventually, a top Fed official said on Friday.

Futures flat, S&P on track for weekly drop

U.S. stock index futures were little changed on Friday after equities suffered their worst percentage drop in two weeks, with the S&P 500 on track for its first decline in the past six weeks.

Stock index futures point to slightly higher opening

Stock index futures pointed to a slightly higher open on Wall Street on Friday, with futures for the S&P 500 up 0.1 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures 0.4 percent higher at 1040 GMT.

Japan regulator strips AIJ registration: minister

Japan's financial regulator has stripped AIJ Investment Advisors of its registration as an asset manager after the company was unable to account for the bulk of $2.4 billion in pension funds, Financial Services Minister Shozaburo Jimi said.

Oracle investor sues over $200 million settlement

An Oracle Corp. investor sued the company and members of its board of directors on Thursday for allegedly trying to stonewall a whistleblower lawsuit that ultimately resulted in a $200 million settlement.

Oracle Investor Sues Over $200M Settlement

An Oracle Corp. investor sued the company and members of its board of directors on Thursday for allegedly trying to stonewall a whistleblower lawsuit that ultimately resulted in a $200 million settlement.

Brazil oil regulator: Chevron leak not negligence

Brazil's oil regulator said Chevron was not negligent in the drilling of a well that caused an offshore oil spill in November, a finding that may help the company to fight criminal charges and an $11 billion lawsuit.

Ernst & Young suit over Lehman heads to state court

A lawsuit from New York's attorney general accusing accounting firm Ernst & Young LLP of helping to hide financial problems at Lehman Brothers Holdings Inc. has been sent from federal court to the New York state court where it was originally filed.

AIG says repaid government $1.5 billion

American International Group said on Thursday it has repaid the Treasury its remaining $1.5 billion preferred equity investment, but the insurer still owes taxpayers an estimated $45 billion for the bailout it received during the financial crisis.

Fed officials clash on view of economy

The gap between the Federal Reserve's dovish core and its hawkish wing was on display on Thursday as a top Fed official said the economy is in better shape even as Fed Chairman Ben Bernanke focused on a source of weakness.

AIG says repays U.S. government $1.5 billion

American International Group said on Thursday it has repaid the U.S. Treasury its remaining $1.5 billion preferred equity investment, but the insurer still owes taxpayers an estimated $45 billion for the bailout it received during the financial crisis.

EBay to sell Rent.com to PRIMEDIA

EBay Inc agreed to sell its Rent.com unit to PRIMEDIA as the company shifts away from classified and listings businesses to focus on other e-commerce and payments efforts.

Opel to submit plant closure plan to board: sources

General Motors' Opel managers will present a business plan next Wednesday to the unit's board that likely will involve closing two plants in Europe to reduce manufacturing capacity by some 30 percent, people familiar with the company's thinking said on Thursday.

AIG says repays government $1.5 billion

American International Group said on Thursday it has repaid the Treasury its remaining $1.5 billion preferred equity investment, but the insurer still owes the government and Federal Reserve $45 billion for the bailout it received during the financial crisis.

Micron posts mixed quarterly results

Micron Technology posted quarterly revenue above expectations, but pressure on its sales of NOR flash memory hurt gross margins and contributed to a bigger-than-expected loss.

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