IBT Staff Reporter

55621-55650 (out of 154953)

BAE Systems to axe up to 3,000 UK jobs

Europe's biggest defense contractor BAE Systems said it will axe up to 3,000 jobs in Britain as cuts to global defense budgets hit orders for its fighter jets.

Pace of UAW, Ford talks expected to quicken

The United Auto Workers expect the pace of talks with Ford Motor Co to quicken now that the sides are tackling economic issues and union President Bob King is at the table, a union official said on Monday.

Stock index futures signal further gains

NEW YORK Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.93 percent, Dow Jones futures up 0.81 percent and Nasdaq 100 futures up 0.98 percent at 5 a.m.

Euro zone struggles to stem crisis; Obama urges action

Euro-zone officials are working to magnify the firepower of the region's rescue fund, European Central Bank policymakers said on Monday, while President Barack Obama piled on pressure for Europe to staunch a sovereign debt crisis that threatens the world economy.

S&P sees liquidity strain for China developers

China's property developers are facing increasing liquidity pressure over the next six to 12 months and tightening credit conditions may see some cut prices, Standard and Poor's said on Tuesday.

World Stocks Rebound on Euro Bailout Hope

World stocks rose for a third straight session on Tuesday, with European shares up 2 percent, as investors took comfort from reports that officials were working to add to measures to calm the euro zone debt crisis.

Facebook Trashes 'Charging' Hoax: Will it Remain Free Always?

The continuing Web rumor about Facebook starting to charge users began with a hoax message rolling out and spreading virally, shortly after the site introduced the Timeline and Ticker, claiming that the users will have to pay for the new profile changes.

World stocks bounce on hopes for euro zone action

European stock index futures rose sharply on Tuesday, after Asian shares rebounded from multi-month lows and as the euro clung to gains on hopes that euro zone officials will act to corral Greece's debt woes and prevent a financial meltdown.

Lenovo in $300 million JV with Compal, shares jump

Lenovo Group Ltd, the world's No.3 PC brand, has entered into a $300 million venture with contract laptop PC maker Compal Electronics Inc in eastern China, the companies said, pushing their shares up sharply.

Asian Stocks Gain on Hopes for Euro Zone Plan

Asian shares rose on Tuesday on hopes that euro zone officials will act to corral Greece's debt woes and prevent another full-blown banking crisis, but the euro failed to hold on to all its gains.

Asia stocks gain on hopes for euro zone plan

Asian shares rose on Tuesday on hopes that euro zone officials will act to corral Greece's debt woes and prevent another full-blown banking crisis, but the euro failed to hold on to all its gains.

Options open on ECB rate cut, October talk wild

European Central Bank officials said on Monday they were keeping their options for a rate cut open, lifting markets, even as Luxembourg's Yves Mersch warned speculation of a sharp move next month was wild.

Gleeful Boeing hands first 787 to Japan's ANA

Boeing Co workers presented the company's first 787 Dreamliner in the pouring rain to All Nippon Airways <9202.T> on Monday, capping nearly a decade of development of the world's most advanced jetliner.

Netflix signs pay TV deal for Dreamworks animation

Online video rental company Netflix Inc said it won pay TV rights to Dreamworks Animation movies starting in 2013, the first time a major Hollywood studio has chosen an Internet streaming player over a traditional cable channel.

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