IBT Staff Reporter

54961-54990 (out of 154954)

Asian stocks fall further on Greek default fears

Asian stocks extended losses on Tuesday from the previous day's steep declines as investors continued to flee from riskier assets on growing doubts over Greece's ability to avoid default, fuelling fears of global financial turmoil and recession.

Dexia commits to clean-up, France, Belgium ready to act

Franco-Belgian financial group Dexia vowed on Tuesday to clean up its balance sheet, with France and Belgium poised to act, after concerns about its exposure to Greece and a Moody's warning about its liquidity pummelled its shares.pummeled

AMR shares tumble 41 percent on bankruptcy fears

Shares of American Airlines parent AMR Corp fell as much as 41 percent on Monday on growing fears the third-largest U.S. airline is headed for bankruptcy, although the carrier said Chapter 11 is not our goal.

Emerson unit head says IT executives wary of spending

Economic troubles in the United States and Europe are making customers of Emerson Electric Co's data center management business reluctant to make big purchases as the company prepares to launch a major new platform.

Wall Street hits 13-month low on Europe woes

Stocks slumped in heavy volume to a 13-month low on Monday as investors dumped bank shares on fears that Greece's worsening financial crisis could cause a large European lender to fail.

Sunday Night Football wins ratings night, Pan Am slips

Sunday Night Football was the highest-rated program of the night Sunday, pushing NBC to an overall win for the evening, while Pan Am lost about 20 percent of its rating from last week's series premiere, according to preliminary numbers.

Sprint to buy 30.5 mln iPhones over 4 years-WSJ

Sprint Nextel Corp (S.N) has agreed to buy at least 30.5 million iPhones over the next four years, involving a commitment of about $20 billion, whether or not its customers want to buy the devices, according to a Wall Street Journal story.

Sunny Meredith, victim, forgotten at Italy trial

Four years after her brutal murder, British student Meredith Kercher has been virtually forgotten as the media spotlight shifted to Amanda Knox, the fresh-faced American girl appealing against her conviction for killing her.

Italian court clears Amanda Knox of murder

An Italian court cleared 24-year-old American Amanda Knox and her former boyfriend of the 2007 killing of British student Meredith Kercher and ordered they be freed on Monday after nearly four years in prison for a crime they always denied committing.

Auto sales rebound, allaying recession fear

U.S. auto sales rose almost 10 percent in September, allaying concerns of a double-dip recession as major automakers forecast stronger sales through the remainder of the year.

Greek gloom shakes global markets, troubles lenders

Greece's admission that it will miss its fiscal deficit target this year, despite ever deeper cost-cutting measures, provoked a sharp sell-off in stock markets on Monday and raised new doubts over a planned second international bailout.

Dexia summons board after concerns smash shares

Franco-Belgian financial group Dexia called an emergency board meeting on Monday after concerns about its exposure to Greece and a Moody's warning about its liquidity position raised pressure on Belgium and France to act.

Feel-good Jets offer NHL upbeat start to new season

The re-launch of the Winnipeg Jets offers a feel-good story to start the 2011-12 National Hockey League (NHL) campaign and help push back dark clouds that hovered over the hockey world after a grim offseason.

HP closes Autonomy deal

Hewlett-Packard completed its $12 billion buy of British software firm Autonomy on Monday, the centerpiece of a botched strategy shift that cost ex-chief executive Leo Apotheker his job last month.

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