IBT Staff Reporter

44971-45000 (out of 154954)

Analysis: Spain should temper austerity, look to growth

Meeting Spain's draconian austerity targets would cost every worker more than 2,000 euros this year, and even unforgiving markets sense it may be time for the government to moderate the pain and try to bolster a stagnant economy.

Merkel Broadens Diplomatic Drive for EU March Summit

German Chancellor Angela Merkel will gather the leaders of Austria, Sweden and Portugal next Thursday in a bid to broaden consultations on key European Union issues after criticism about Germany and France making too many big decisions themselves.

iPhone sales halted after shoppers pelt Apple store

Enraged Chinese shoppers pelted Apple Inc's flagship Beijing store with eggs and shoving matches broke out with police on Friday when customers were told the store would not begin sales of the iPhone 4S as scheduled.

Novartis cuts 2,000 U.S. jobs after drug setback

Novartis AG plans to axe nearly 2,000 of its U.S. workforce ahead of the patent loss of top-selling blood pressure drug Diovan there and will take a $900 million charge after another of its key drugs failed to live up to expectations.

India court warns Web giants about China-style controls

Internet giants including Google and Facebook are embroiled in a growing battle in India over offensive content with a judge warning websites may be blocked like in China, stoking worries about freedom of speech in the world's largest democracy.

Italy bond auction fails to match Spanish success

Italy's three-year debt costs fell below 5 percent but its first bond sale of the year failed to match the success of a Spanish auction the previous day, reflecting the heavy refinancing load Rome faces over the next three months.

McDonald's extends Olympic sponsorship to 2020

Fast food chain McDonald's has signed up to sponsor the Olympics for a further eight years, meaning athletes and fans will be offered its burgers and fries in the official restaurants at Games venues until 2020.

ING Cuts Target, no Dividend Until Aid Repaid

Dutch financial services group ING cut a target for its bank unit and said another would take longer to achieve than expected due to bank taxes and higher capital requirements, which could also delay the repayment of remaining state aid it owes.

McDonald's extends Olympic sponsorship to 2020

Fast food chain McDonald's has signed up to sponsor the Olympics for a further eight years, meaning athletes and fans will be offered its burgers and fries in the official restaurants at Games venues until 2020.

Ron Paul 2012: Voters Explain How He Won Them Over

Four years ago, Ron Paul was a fringe candidate. Now, he is a legitimate contender for the Republican nomination. The International Business Times talked to some of the new Paul converts about what won them over.

Stock Futures Mixed; JPMorgan Earnings Eyed

Stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 down 0.05 percent, Dow Jones futures down 0.1 percent and Nasdaq 100 futures up 0.16 percent at 1039 GMT.

Telcos to halt mobile network spending spree

Telecom operators globally are expected to cut spending on their networks this year, hitting equipment makers that were only just beginning to recover from intense price wars and the last economic downturn.

Italy 3-Year Debt Costs Fall at Bond Auction

Italy's three-year debt costs fell below 5 percent at the first bond auction of the year spurring hopes the troubled borrower would be able to make it through a refinancing hump in the first months of the year.

Euro, stocks up ahead of Italian debt sale

European shares and the euro rose on Friday on expectations debt-scarred Italy's first bond sale of the year would go well, but unease over Greece's debt swap deal and prospects for the broader euro zone economy capped gains.

Novartis to slash nearly 2,000 U.S. jobs

Novartis AG is cutting nearly 2,000 jobs in the United States ahead of the patent loss of top-selling blood pressure drug Diovan as it braces for tough market conditions and a slump in sales of another key drug.

BofA mulling retreat if financial problems worsen: report

Bank of America Corp , the second-largest U.S. bank by assets, has informed U.S. regulators that it is willing to draw back from some parts of the country if its financial problems worsen, the Wall Street Journal reported on Friday, citing people familiar with the situation.

Dip in China's FX reserves may hasten policy shift

China's official reserves slipped to $3.18 trillion in the final quarter of 2011, signaling that the days of rampant export-led accumulation of foreign currency are numbered and that new monetary policy steps may be needed to counter capital outflows.

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