IBT Staff Reporter

51901-51930 (out of 154954)

Olympus Sticks to Defense of M&A Deals

Japan's Olympus Corp on Thursday stuck to its defense of deals that have come under fire since the 92-year-old firm axed its British CEO in a bitter boardroom battle, repeating that the acquisitions were strategic and involved no wrongdoing.

Asia shares edge up, euro steady on EU summit

Asian shares edged up and the euro steadied on Thursday after European leaders agreed to boost the region's rescue fund, but their failure to offer a detailed plan to recapitalize banks and reduce Greek debt to a sustainable level may keep gains limited.

UAW says Chrysler workers ratify contract

Unionized workers at Chrysler Group LLC ratified a four-year labor pact on Wednesday, closing out the first round of talks since two of the three Detroit automakers nearly collapsed and took federal bailouts in 2009.

Groupon CEO says replacing 10 percent of sales staff

Daily deals site Groupon is replacing the worst 10 percent of its sales staff as it pushes to win stronger deals from merchants and ensure it can keep growing, the company's chief executive told potential IPO investors on Wednesday.

Exclusive: NSA helps banks battle hackers

The National Security Agency, a secretive arm of the U.S. military, has begun providing Wall Street banks with intelligence on foreign hackers, a sign of growing fears of financial sabotage.

Adele's 21 regains top spot on Billboard chart

British singer Adele regained the top spot on the Billboard Top 200 album chart on Wednesday, marking her 13th week at No. 1 with 21 and making it the first album since the Titanic film soundtrack to claim as many weeks atop the chart.

Obama nods to Hispanics in West as Republicans slip

With Hispanic voters upset at Republican presidential candidates over immigration, President Barack Obama played to a Latino audience on a trip to the West this week to shore up support from a group that is key to his re-election hopes.

UAW says workers approve Chrysler contract

Unionized workers at Chrysler Group LLC ratified a four-year labor pact on Wednesday, closing out the first round of talks since two of the three Detroit automakers nearly collapsed and took federal bailouts in 2009.

Visa revenue growth slows, shares dip

Visa Inc said its revenues grew at a slower pace in the latest quarter and it paid more in client incentives, sending its shares lower even though the payment processing company posted better-than-expected net income.

Exclusive: NSA helps U.S. banks battle hackers

The National Security Agency, a secretive arm of the U.S. military, has begun providing Wall Street banks with intelligence on foreign hackers, a sign of growing U.S. fears of financial sabotage.

Fairy tales cast spell on U.S. television

Fairy tales are back with a darkened vengeance on U.S. television, scaring up a fright and putting a new twist on a genre long dominated by pretty princesses and charming princes.

Shame slapped with NC-17 rating

Director Steve McQueen's Shame, a no-holds-barred movie about a man in the grip of sexual addiction, has officially received an NC-17 rating.

Boeing profit lifted by commercial and defense sales

Strong demand for commercial and military aircraft lifted quarterly earnings at Boeing Co , making the builder of the new 787 Dreamliner the latest big-ticket manufacturer to ease fears about global economic conditions.

Olympus chairman quits as Japan watchdog probes firm

Olympus Corp head Tsuyoshi Kikukawa resigned on Wednesday after a scandal over hefty advisory fees wiped out half of the 92-year-old firm's market value while his successor stuck with the company's line that it had done nothing wrong.

Obama Announces Student Debt Relief to Mixed Response

President Obama announced a much-heralded plan on Wednesday to help recent college graduates struggling to pay back their student loans. Reactions were mixed, with some people lauding the President for taking decisive action and others saying he didn't go far enough.

Pages