IBT Staff Reporter

53581-53610 (out of 154955)

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.

Higher costs, stronger dollar dent Mattel's margins

Mattel Inc , the world's largest toy company, reported a bigger-than-expected fall in gross margins, hurt by a stronger dollar and higher costs, taking the gloss off a record jump in sales of its iconic Barbie dolls heading into the critical holiday season.

Canada factory sales surge

Canadian manufacturing sales rose almost three times higher than expected in August and offered more evidence that the economy is on track for modest growth in the third quarter after a slump in the second.

Ericsson growth seen slowing, outlook cloudy

The third quarter could mark the end of a hot streak for Ericsson as a combination of a global slowdown, tough competition and an increase in low margin business cloud the outlook for the world's top mobile equipment firm.

Wall Street rises on hopes for euro zone debt deal

Stocks rose on Friday, putting the S&P on track for back-to-back weekly gains for the first time since early July, led by optimism the euro zone will continue to make progress on a solution to its debt crisis.

Rating cut puts Spain back on crisis radar

Standard & Poor's cut Spain's credit rating Friday, sending the euro briefly lower and underlining the challenges facing Europe's major powers as they meet G20 counterparts over the euro-zone debt crisis.

Higher costs dent Mattel's margins, shares down

Mattel Inc , the world's largest toy company, reported a bigger-than-expected fall in gross margins, as it spent more on making, packaging and transporting its toys, sending its shares down 4 percent.

Investors to vote against Murdochs at News Corp meeting

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.

Early Human Paint Studio Discovered in South Africa

Off the South African coast, a tiny cave has been discovered with evidence of paint being mixed. This is believed to be the earliest trace of prehistoric humans producing their own paint with self-made tools.

Next NASA Mission to Uranus?

Space science has helped us understand more about our solar system, but there's still a lot to learn about the mysteriously tilted planet of Uranus. Talks of sending a mission to the ice giant are being discussed by the European Space Agency (ESA) with NASA.

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