IBT Staff Reporter

46951-46980 (out of 154954)

IMF chief warns no country immune from crisis

No country is immune from an escalating euro zone crisis and each one must act to head off the risk of a global depression, the head of the International Monetary Fund said on Thursday.

Canadian economy's trouble spots smoothing out

Canadian industries are operating at a production capacity that is approaching pre-recession levels and the housing market remains strong, according to data on Thursday that offered the prospect of steady, if slower, economic growth.

U.S. data point to firming economic recovery

The number of Americans filing new claims for jobless benefits fell to a 3-1/2-year low last week and factory activity in parts of the Northeast gained speed in December, suggesting a further strengthening of the economic recovery.

RIM Q3 profit falls 27 percent

Research In Motion posted a 27 percent drop in quarterly profit on Thursday and said it would likely ship between 11 million and 12 million BlackBerry smartphones in the weeks around Christmas, the first decline in years for that historically strong period.

TransCanada bets expansion plan will help Keystone

Buoyed by renewed pledges of customer support, TransCanada Corp said on Thursday it not only wants to proceed with its stalled Canada-to-Texas Keystone XL oil pipeline but to undertake a $600 million expansion and extension.

Bloc Quebecois resurgent: poll

The separatist Bloc Quebecois has staged a comeback and is now tied in public support with the federalist party that has the most Quebec seats in the House of Commons, a Harris-Decima poll released on Thursday shows.

SEC probe casts shadow on Diamond-Pringles deal

Diamond Foods Inc said the Securities and Exchange Commission has launched a probe into its accounting of payments to walnut growers, raising concerns of further delays to its deal to acquire Procter & Gamble's Pringles business.

AMR Chief Warns of Layoffs, Takeover While Lavish Townhouse is Revealed

Chief Executive Officer Tom Horton wrote in a letter to employees Thursday that company should expect less generous labor contracts and some pink slips, according to the Wall Street Journal. The Fort Worth, Tex.-based company filed for Chapter 11 bankruptcy last month. But earlier Thursday, Reuters revealed the company owned an exquisite town house in the wealthy Kensington district in London.

FedEx profit beats Street, updating Boeing fleet

FedEx Corp beat its quarterly profit forecasts and is updating its fleet with fuel-efficient Boeing aircraft while delaying delivery of other new planes to cut overall costs, driving its shares up nearly 8 percent.

S&P cuts ratings of 10 Spanish banks

Standard & Poor's cut the credit ratings of 10 Spanish banks on Thursday and said they remained on watch for a possible further cut subject to a review of Spain's sovereign rating.

CBS edges out Fox for overall nightly ratings win

Fox and CBS competed in a close race for first place in the Wednesday night ratings, with X Factor and Criminal Minds sharing the night's top numbers but CBS eking out an overall victory for the night, according to preliminary numbers.

Kroger sees hit, then gain, as pension plans merge

Kroger Co said on Thursday that four of the pension funds to which it contributes will merge into a new fund, a move that should ultimately trim its pension contribution costs after it takes a charge this year.

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