IBT Staff Reporter

49531-49560 (out of 154954)

Delphi IPO prices at low end of range

Delphi Automotive Plc raised $530 million in its initial public offering -- in a deal that values the company much less than it had hoped for when IPO plans were first being formed.

Sears' loss nearly doubles

Sears Holdings Corp reported a much wider-than-expected quarterly loss on Thursday as higher markdowns and pricing pressures in appliances squeezed margins, and its shares fell 4 percent.

Perry Ellis Q3 profit misses Street view

Perry Ellis International Inc posted a quarterly profit that missed Wall Street expectations, as the apparel maker was hurt by increased promotions that led to higher discounts.

Jobless claims fall to 7-month low

New U.S. claims for unemployment benefits dropped to a seven-month low last week, a government report showed on Thursday, suggesting the labor market was gaining some traction.

Gold miners eye explorers on Canada's Yukon trail

As winter draws in across Canada's northern Yukon territory, big mining companies are prospecting for bargains among the army of junior explorers staking claims in what's shaping up as the region's second big gold rush.

UBS poised to slash risk and pare profit targets

Sergio Ermotti, the suave new boss of UBS AG , could signal the Swiss bank's return to dividend payments later on Thursday as part of plans to slash risky investment banking and re-focus on the core business of managing the assets of the world's wealthy.

Spanish, French borrowing costs raise contagion alarm

Spain and France faced sharply higher borrowing costs on Thursday, struggling with bond auctions that highlighted the threat of larger euro zone economies succumbing to the debt crisis that began in Greece and is now threatening Italy.

Indian minister says no Kingfisher bailout

India's civil aviation minister ruled out a public bailout for India's Kingfisher Airlines or any other airline, urging private airlines in India to put their own house in order.

Sears loss widens as sales fall

Sears Holdings Corp's quarterly loss almost doubled as weak demand for gadgets and a reputation for run-down locations hurt sales at the operator of Sears department stores and the Kmart discount chain.

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