IBT Staff Reporter

53551-53580 (out of 154954)

Budget gap widens; above $1 trillion for third year

The budget gap widened slightly in fiscal 2011, staying above $1 trillion for a third straight year and providing fodder for a political battle over taxes and spending ahead of next year's presidential election.

Wall St posts first two-week surge since July

Stocks scored their first back-to-back weekly gains since early July on Friday, on strong Google earnings and as investors kept riding waves of optimism for a solution to the euro-zone debt crisis.

Romney among fundraising leaders

Mitt Romney's campaign raised more than $14 million in the third quarter, signaling that the Republican U.S. presidential hopeful's fund-raising remains robust despite big swings in opinion polls.

Wall Street heads for 2nd week of gains on data

U.S. stocks advanced on Friday, putting the S&P 500 on track for back-to-back weekly gains for the first time since early July after better-than-expected retail sales and results from Google .

I can create 1.2 million energy jobs: Perry

Republican presidential candidate Rick Perry outlined plans on Friday to dramatically increase energy production and create 1.2 million jobs, taking aim at federal regulations he said are strangling the economy.

Apple must show patents valid in Samsung case, judge says

A U.S. judge said that Samsung Electronic's Galaxy tablets infringe Apple Inc's iPad patents, but added that Apple has a problem establishing the validity of its patents in the latest courtroom face-off between the technology giants.

Fidelity's Abby Johnson secures another key role

In a sign of shifting power inside Fidelity Investments, Chairman Edward C. Johnson III has relinquished a central role, giving his daughter Abigail Johnson the title of chairman of the company's flagship mutual fund business.

China inflation ticks lower, policy on pause

China's consumer inflation dipped to 6.1 percent in September, retreating further from three-year highs, although stubborn food price pressures will deter the central bank from loosening its policy reins anytime soon.

Samsung loses Dutch bid to ban Apple products

A Dutch court on Friday turned down Samsung Electronics' request for an injunction against all of Apple's mobile products that use 3G telecommunications technology, denying it revenge over a similar move by Apple.The two technology giants have been lo

Fans queue for iPhone, despite criticism

Apple Inc's new iPhone went on sale in stores across the globe on Friday, prompting thousands to queue around city blocks to snap up the final gadget unveiled during Steve Jobs' life.

Lawmakers attack plan to limit food ads to kids

Republican lawmakers on Wednesday attacked an Obama administration proposal for limiting food advertising to children even as the team behind the plan offered concessions to food and beverage makers.

Alec Baldwin Rants Against Public Radio

Alec Baldwin can’t make up his mind. The “30 Rock” actor, who just announced he is launching a podcast on New York’s WNYC, has been airing spots on public radio since last fall telling them not to give to public radio.

Cloud spending helps techs as PC sales stagger

Big U.S. Internet computing companies should outshine their plainer PC cousins when earnings season kicks off next week, as corporations and fast-growing Web players dramatically accelerate their pace of hardware spending.

News Corp investors to vote against Murdochs

Rupert Murdoch's multi-million dollar campaign to win back the hearts and minds of News Corporation's independent investors suffered a new blow on Friday after another key shareholder group called for his eviction from its board.

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