IBT Staff Reporter

55411-55440 (out of 154953)

Asian stocks fall on euro crisis fears

Asian shares and commodities fell on Thursday on growing worries that Europe's intractable debt problems will plunge the world into a second global financial crisis.

NASA Satellite Debris Crashes into the Pacific

On Saturday, NASA's Upper Atmosphere Research Satellite (UARS) crash landed at approximately 12AM Eastern time. The location, NASA confirmed, is in a general area in the Southern hemisphere away from any major lands. To their knowledge, however, there have been no signs of UARS debris located in the predicted geographic region.

Allianz, AXA among likely bidders for HSBC unit

European insurers Allianz and AXA SA are among the potential bidders for HSBC Holdings Plc's sale of its general insurance business, which could fetch more than $1 billion, sources familiar with the matter told Reuters.

T-Mobile Joins Samsung in Fight Against Apple

Deutsche Telekom subsidiary T-Mobile USA has joined Samsung’s side in fighting a lawsuit by Apple to stop the sale Samsung telephones, saying that their fight could hurt carrier business.

BOA, Merrill pledge support for Lehman exit plan

Lehman Brothers Holdings Inc unveiled the latest in a string of settlements with major financial creditors, reaching deals with Bank of America Corp and Merrill Lynch that will reduce the banks' claims against Lehman by a combined $7.5 billion.

Amazon pushes Barnes & Noble's back to the wall

Amazon.com Inc's aggressive pricing on its Kindle devices leaves Barnes & Noble Inc little choice but to match the online retailer and update its own devices, even if that means more damage to the bookstore chain's bottom line.

North Street Capital to buy Spyker cars: source

U.S.-based private equity firm North Street Capital has agreed to buy Dutch luxury car maker Spyker from its parent company Swedish Automobile , the Financial Times newspaper reported on Wednesday.

Stocks drop, led by commodities on economic fear

Commodity-related stocks drove Wall Street lower on Wednesday as stiff declines in energy and metals prices underscored investor concerns about global economic weakness and Europe's raging debt crisis.

HP hires Goldman to guard against activists: report

Hewlett-Packard CO has hired Goldman Sachs Group Inc to help the company defend itself against possible activist investors who could push for change at the Silicon Valley company, the Wall Street Journal reported, citing people familiar with the matter.

More Than 9 Suitors Court London Metal Exchange

Interest in the London Metal Exchange as a takeover target has snowballed and the number of suitors has risen to double digits because business is booming with volumes at record levels, its chief executive Martin Abbott said.

Greece Faces Auditor Verdict, Fresh Aid at Stake

International auditors return to Athens on Thursday to deliver a verdict on whether Greece's tougher austerity measures qualify for aid to avert a default that would plunge the country into bankruptcy.

Goldman, TCW win dismissal of Landesbank CDO suit

Goldman Sachs Group Inc and TCW Asset Management Co won dismissal on Wednesday of a lawsuit by German state-owned Landesbank Baden-Wurttemberg over a derivative product that lost money during the credit crisis.

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