IBT Staff Reporter

47911-47940 (out of 154954)

U.S. may issue record fine to Massey Energy for accident: report

Federal regulators are expected to issue the largest fine ever to a U.S. mining company in connection with the Massey Energy accident last year that killed 29 coal miners in West Virginia, the Wall Street Journal said, citing two people briefed on the matter.

Olympus shares surge as moment of truth approaches

Shares in Japan's disgraced Olympus Corp surged on Tuesday as investors bet that a probe into its scandal-ridden accounts would not turn up any nasty new surprises which could lead to the stock being delisted.

Leap, Verizon Wireless exchange spectrum

Leap Wireless International Inc on Monday swapped wireless airwaves with Verizon Wireless in a series of deals aimed at beefing up its presence in the Chicago area.

Pentagon, Lockheed move forward on F-35 contract

The Pentagon on Monday said it had reached a tentative agreement with Lockheed Martin Corp on key aspects of a new contract for F-35 fighter jets, allowing Lockheed to start building a fifth batch of planes and billing the government for incurred costs.

Monti warns of Greek-style risk to Italy

Italy risked a Greek-style economic collapse which could threaten the future of the euro without the austerity package approved by the government, Prime Minister Mario Monti said on Monday, calling on European partners to do their part.

Lehman hearing may herald end of bankruptcy

Lehman Brothers Holdings Corp is about to take its last step toward exiting a more than three-year-long bankruptcy process, a move that should enable it to begin paying back investors next year.

Japan's Olympus faces moment of truth in accounting

The fate of Japan's disgraced Olympus Corp may become clearer on Tuesday, when it is expected to release the findings of an investigation into an accounting scandal that has threatened to bring the 92-year-old firm to its knees.

TMX says junior miners retain cashraising appetite

The Toronto Stock Exchange, home to the largest number of mining companies globally, has seen capital raising in the sector remain resilient this year despite volatile markets, with a strong pipeline ahead, a senior executive said on Monday.

WestJet warns later bookings to hold back revenue

WestJet Airlines Ltd, Canada's No. 2 airline, said on Monday its flights in November were not as full as a year earlier and warned delayed holiday bookings would hold back a revenue benchmark in the current quarter.

Bank of Canada says Greece exit not the cure

Kicking Greece out of the euro zone would not be an easy cure for the region's sovereign debt problems, Bank of Canada Governor Mark Carney said in an interview published on Monday.

Ontario watchdog warns on green energy costs

The high cost of Ontario's green energy plan may drive up electricity bills significantly in the province in the future, the government's auditor general said in his annual report on Monday.

Samsung up after Apple's bid to ban Galaxy rejected

Shares in Samsung Electronics Co Ltd rose more than 2 percent on Monday after Apple Inc's bid to halt U.S. sales of its Galaxy line of products was rejected, easing concern of slowing growth in its telecom business, which generates revenue of $13 billion per quarter.

RIM bets the house on QNX

Research In Motion, facing analyst stock price target downgrades after its steep profit warning on Friday, is willing to absorb huge losses on its unloved PlayBook because the success or failure of the tablet are key to RIM's hopes of revitalizing its BlackBerry.

Simpsons, Allen Gregory up, Pan Am hits ratings low

Fox's block of animated series received a major boost Sunday night, with Allen Gregory surging 60 percent, while ABC's Pan Am fell to a series low, according to preliminary numbers. NBC won the night overall.

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