IBT Staff Reporter

44701-44730 (out of 154954)

Citi's turnaround plan hits euro crisis speedbump

The European debt crisis interrupted the plans of Citigroup Inc Chief Executive Vikram Pandit to rebuild the bank, which reported an 11 percent drop in quarterly profit and disappointed Wall Street amid lackluster investment banking and trading business.

TD Ameritrade profit rises in tough environment

TD Ameritrade Holding Corp posted a 5 percent increase in quarterly profits on Tuesday as higher fees from deposit accounts and investment products helped offset a drop in trading levels toward the end of the period as investors withdrew from the choppy markets.

Analysis: In Citi appeal, who will speak for Rakoff?

Manhattan federal judge Jed Rakoff is certainly not shy about speaking for himself. In November, as you'll surely recall, Rakoff blocked a negotiated $285 million settlement between the Securities and Exchange Commission and Citigroup over mortgage-linked securities. To say Rakoff had harsh words for the parties would be the understatement of the year. He railed against the bank and regulators an...

Cree results, forecast disappoint; stock slides

- Cree Inc, a maker of LED lighting, reported a lower-than-expected quarterly profit and also gave a forecast for the current period that fell short of analysts' estimates, sending its shares down more than 5 percent.

HP names new strategy chief

Hewlett-Packard Co on Tuesday named software veteran Bill Veghte as chief strategy officer as it overhauls its top ranks following a series of missteps over the past year.

U.S. Charges Russian Father and Son with Cyberfraud

U.S. authorities on Tuesday unsealed criminal charges accusing a father and son team, both Russian citizens, of hacking into U.S. bank accounts and illegally snatching credit card numbers and stealing hundreds of thousands of dollars.

SEC Inspector General David Kotz Quitting

David Kotz, the inspector general at the Securities and Exchange Commission who has a reputation as a tough watchdog, is leaving the agency at the end of January, the SEC said on Tuesday.

Google's mobility plans cloud strong Q4

Google Inc's strong holiday-quarter results may take a backseat to growing concerns about long-term margins after it dives into a fiercely competitive smartphone market through its $12.5 billion acquisition of Motorola Mobility Holdings.

RIM shares jump on report of sale efforts

Shares of Research In Motion jumped more than 10 percent on Tuesday after a tech blog said the BlackBerry maker was actively seeking to sell itself to South Korean smartphone rival Samsung Electronics.

RIM shares jump after report of Samsung sale

Shares of Research In Motion jumped more than 8 percent on Tuesday after a tech blog said the BlackBerry maker was actively seeking to sell itself to South Korean smartphone rival Samsung Electronics.

Check Point's Q4 profit tops estimates

Internet and network security provider Check Point Software Technologies beat forecasts with a jump in fourth-quarter profit and forecast growth in 2012 in line with analysts' estimates.

Tech blog says RIM eyes sale to Samsung

Shares of Research In Motion jumped more than 8 percent on Tuesday after a tech blog said the BlackBerry maker was actively seeking to sell itself to South Korean smartphone rival Samsung Electronics.

FDIC releases bank stress test proposal

Bank regulators on Tuesday voted to release a proposal for how banks with more than $10 billion in assets should conduct stress tests annually to determine whether they can withstand a financial shock.

Wells Fargo profit jumps on loan growth

Wells Fargo & Co on Tuesday beat Wall Street estimates with a 20 percent increase in fourth-quarter profit, boosted by continued loan growth and improving credit quality.

Symantec: 2006 hacking led to source code theft

Symantec Corp, the world's biggest maker of antivirus software, said that hackers breached its networks in 2006, stealing source code to its flagship security programs and three other products.

Foreigners ramp up Canadian securities purchases

Foreigners dramatically stepped up their purchases of Canadian securities in November, snapping up C$14.99 billion ($14.84 billion) worth, compared with just C$3.85 billion in October, Statistics Canada said on Tuesday.

Dundee REIT to buy Whiterock for about $572 million

Dundee Real Estate Investment Trust (D_u.TO: Quote) will buy Whiterock REIT (WRK_u.TO: Quote) for about C$580 million ($572 million) in a cash-and-stock deal to strengthen its position in the office property space.

TSX little changed, Kinross drop offsets China

Toronto's main stock index was slightly lower on Tuesday as losses from gold miners offset the impact of an early surge in commodity prices that were boosted by solid economic data from China and Germany.

New labor leader at GM's Opel a break with past

General Motors Chief Executive Dan Akerson has a new partner to help fix his loss-making European unit Opel; a lanky German sociologist-turned-labor-leader with a reputation for avoiding the spotlight.

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