IBT Staff Reporter

54901-54930 (out of 154954)

S&P enters bear market as Greece aid delayed

Stocks tumbled on Tuesday with the S&P 500 sliding into bear market territory as European officials delayed a vital aid payment to debt-stricken Greece but the government said it was not preparing for a default.

IBM to buy private security software firm

International Business Machines Corp said it plans to buy privately-held security intelligence software provider Q1 Labs for an undisclosed sum as it looks to boost its security portfolio.

Euro zone considers making banks pay more for Greece

European finance ministers are considering making banks take bigger losses on Greek debt and have postponed a vital aid payment to Athens until mid-November, setting up a crunch point in the euro zone's sovereign debt crisis

Fed's Raskin: Reforms needed in mortgage practices

The U.S. economy is still suffering from a shocking drop in homeowners' equity and reforms are needed in how mortgage loans are originated and handled, Federal Reserve Governor Sarah Bloom Raskin said on Tuesday.

Insight: China's foreign lawyers argue case from the gallery

Ten years after lawyers helped forge an agreement to bring China into the World Trade Organization , a step that created opportunities for scores of non-Chinese businesses, foreign attorneys in the country wish they had struck a better deal for themselves.

Wall Street set to open in bear market

Stock index futures pointed to a lower open on Tuesday, with the S&P 500 set to enter a bear market as European officials postponed a vital aid payment to debt-stricken Greece.

ECB seen leaving rates on hold as Trichet bows out

The European Central Bank is likely to leave interest rates unchanged when it holds the last policy meeting of Jean-Claude Trichet's presidency on Thursday, but may open the door to a cut under his successor and reintroduce some of its most potent crisis-fighting weapons.

Nokia to unveil first Windows phones this quarter

Nokia will unveil its first Windows-based smartphones this quarter, arguing that there is room for an alternative to the products of big-hitters Apple and Google on the same day that Apple prepared to launch its latest iPhone.

Stock futures off on Greece fears

Stock index futures fell on Tuesday, a day after equities hit 13-month lows, as European officials considered making banks take bigger losses on Greek debt and on expectations Greece would default soon.

Stock futures fall on Greece fears

Stock index futures fell on Tuesday, a day after equities hit 13-month lows, on increased worries about a major banking crisis in Europe and expectations Greece would default soon.

Insight: Gucci, Tiffany target Chinese banks

Two Western luxury-goods giants are taking a controversial tack in the fight on Chinese knockoffs, by targeting the U.S. branches of major Chinese banks that allegedly do business with the pirates.

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