IBT Staff Reporter

52831-52860 (out of 154953)

Stocks fall on uncertainty over EU summit

Stocks fell on Thursday as investors struggled with uncertainty surrounding the upcoming European summit on the debt crisis and sought direction from corporate earnings.

European banks need about 100 bln euros: Austria

European banks need about 100 billion euros ($138 billion) to shore up their balance sheets for rough seas, Austrian Finance Minister Maria Fekter said on Thursday ahead of a weekend EU meeting to address the euro zone debt crisis.

California subpoenas BofA over mortgages: report

The California attorney general's office subpoenaed Bank of America Corp this week about the sale and marketing of troubled mortgage-backed securities to investors in the state, the Los Angeles Times reported.

Canada selects shipyards to modernize Navy

Canada will sign contracts with shipyards in Nova Scotia and British Columbia under a C$35 billion ($35 billion) shipbuilding program, the largest in the NATO country's history.

Wall St slips on euro fund uncertainty

Major U.S. stock indexes reversed direction to turn lower in morning trading on Thursday as more doubts emerged over whether European leaders could reach a deal on further strengthening the region's rescue fund.

Instant view: Jobless claims fall in latest week

New U.S. claims for unemployment benefits fell last week and a gauge of labor market trends hit a six-month low, a government report showed on Thursday, pointing to an improvement in the jobs market.

Olympus ex-CEO Woodford seeks UK police aid

Ousted Olympus Corp <7733.T> chief executive Michael Woodford is consulting police over whether he needs protection after passing new information to British fraud investigators about the Japanese company's irregular payments to advisory firms.

Wall Street flat on EU summit angst; earnings help

Wall Street flat-lined at the open on Thursday after a report suggested a much anticipated European summit on resolving the region's debt crisis may be postponed, but investors looking for a U.S. earnings season rally put a floor under the market.

iPhone 4S: How Does Apple's Latest Smartphone Compare Against Motorola Droid Bionic and Samsung Galaxy S II

Apple has sold over 4 million units of the new smartphone iPhone 4S through different retailers and carriers since last Friday. Although iPhone 4S looks identical to its predecessor -iPhone 4 - it has significant upgrades in both hardware and software, including an A5 chip, an 8-megapixel camera, Siri Voice assistant and iOS 5, which boast of over 200 new features. iPhone 4S: How Does Apple's Latest Smartphone Compare Against Motorola Droid Bionic and Samsung Galaxy S II

EU agreed on bank capital needs, split on bailout fund

EU member states have agreed that around 100 billion euros is needed to recapitalize the European banking system, but splits remain before a high-profile summit on Sunday over how to strengthen the euro zone's bailout fund.

California Shuts Down 529 Plan

The ScholarShares Investment Board in California, which runs the 529 plan, has announced that it will shut down the ScholarShare plan sold through brokers and financial advisers because it didn't manage to find a manager.

Motorola Unleashes Droid Razr: Razor Sharp But Can it Take on iPhone 4S?

Motorola took the wraps off the new Droid Razr on Tuesday, announcing that it will be available for pre-order October 27 and will hit Verizon Wireless stores early in November. As Motorola's iconic brand, the Droid Razr is claimed to be the thinnest smartphone to date and among the lightest ever made.

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