IBT Staff Reporter

45061-45090 (out of 154954)

Wall St pauses after 3-day rally

U.S. stocks paused on Thursday after a three-day rally, with investors concerned about weaker U.S. economic data and comments from the European Central Bank chief that painted a mixed picture of the region's debt crisis.

Outspoken Moroccan rapper freed: activists

A Moroccan rapper who has become one of the monarchy's boldest critics was freed on Thursday, activists said, after he served a four-month sentence for assault, a charge which his lawyers say was a ploy to muzzle the popular singer.

ARM chief not impressed with Intel phone chips

The head of British chip designer Arm Holdings plc has shrugged off the latest attempt by Intel Corp to muscle its way into the expanding market for low-power processors used in smartphones and tablets, which ARM dominates.

Real estate site Trulia taps big data for new service

Trulia, a real estate website that competes with Zillow Inc, unveiled a new service on Thursday that helps real estate agents identify the best leads by tapping a trove of data the company started analyzing last year.

Wall Street edges lower on data, Chevron

Wall Street retreated on Thursday following a three-day rally after weaker U.S. economic data and comments from the European Central Bank chief that painted a mixed view on the region's debt crisis.

Geithner urges more currency flexibility

Treasury Secretary Timothy Geithner said on Thursday that key emerging-market nations must let their currencies rise in value in order permit more stable global growth.

Trulia taps big data for new service

Trulia, a real estate website that competes with Zillow Inc, unveiled a new service on Thursday that helps real estate agents identify the best leads by tapping a trove of data the company started analyzing last year.

ECB sees substantial effect from cheap money offer

The European Central Bank's flood of cheap three-year money is helping the euro zone's banking system substantially and supporting confidence in the bloc's economy which is showing some signs of stabilization, its president said on Thursday.

Analysis: In Latin America, business climate is king again

Here's an economic riddle of sorts: Which economy grew faster over the last seven years? A) President Hugo Chavez's Venezuela, famous for its forced nationalizations and 21st century socialism, or B) Chile, long renowned as a capitalist paradise for investors.

TomTom Cleared of Data Probe Violations

TomTom said on Thursday an official probe had cleared it of accusations that it violated Dutch data protection laws by sharing its customers' individual location and traffic information with third parties, including Dutch police.

Retail Sales Post Weakest Reading in 7 Months

Retail sales rose at the weakest pace in seven months in December as consumers pulled back late in the holiday shopping season, cutting purchases at department stores and spending less on electronic gadgets.

RBS ditches investment bank in fresh jobs cull

Royal Bank of Scotland abandoned ambitions to be a top global investment bank and said it would cut another 4,450 jobs as it bows to pressure from the UK government to shut down risky operations and prepare for tougher international regulations.

Stock futures up after Europe debt auctions

Stock index futures rose on Thursday after well-received European sovereign debt auctions encouraged investors ahead of job market and retail sales data expected to show the economy is steadily recovering.

ECB holds rates at 1 percent

The European Central Bank held its main interest rate at 1.0 percent on Thursday as the common currency area's economy showed tenuous signs of stabilization after the debt crisis has stormed through, wreaking havoc in its path.

Stock futures rise after Europe debt auctions

Stock index futures rose on Thursday after well-received European sovereign debt auctions encouraged investors ahead of job market and retail sales data expected to show the U.S. economy is steadily recovering.

ECB Holds Rates While Policy Package Takes Effect

The European Central Bank left interest rates on hold on Thursday, pausing to assess the impact of back-to-back cuts and a slew of other measures it unleashed late last year that are showing some signs of helping fight the euro zone debt crisis.

ECB to hold rates as policy cocktail kicks in

The European Central Bank will take a breather this month after unleashing back-to-back interest rate cuts and a slew of other measures, pausing to assess the impact of the crisis-fighting steps it took in the final two months of 2011.

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