IBT Staff Reporter

56731-56760 (out of 154953)

Sarkozy, Cameron hailed in Libya, offer help

Nicolas Sarkozy and David Cameron landed in Libya to a heroes' welcome on Wednesday, promising help for the new rulers that French and British air power helped to install and being told the favour may be repaid in business contracts.

Job market, factory data show weakness

New claims for jobless aid rose unexpectedly last week and factory activity along much of the Eastern seaboard contracted early this month, bolstering the case for more action to support the struggling economy.

Oil boosts Canadian factory sales in July

Sales jumped 2.7 percent in the month to C$46.7 billion ($46.7 billion) following three straight months of declines and beating estimates of a 1.3 percent gain, Statistics Canada said on Thursday.

Central banks expand dollar operations

Major central banks around the world will cooperate to offer three-month U.S. dollar loans to commercial banks in order to prevent money markets from freezing up in the wake of Europe's sovereign debt crisis.

Fashion bloggers to spur online luxury sales

Fashion bloggers will help propel online sales of designer clothes, jewels and luxury cars to more than 11 billion euros ($15 billion) in 2015, a research report said on Thursday.

Geithner to discuss leveraging EU bailout fund

Treasury Secretary Timothy Geithner will discuss with European finance ministers the possibility of leveraging the euro zone's bailout fund to make it more effective in fighting the debt crisis.

Data shows weak labor market

New claims for jobless benefits hit the highest level since late June last week and a gauge of New York state factory activity contracted in September, sustaining the view the Federal Reserve would take new action to boost growth.

Wall St gains for 4th day on European moves

Stocks rose for a fourth straight session on Thursday after major central banks moved to boost European bank funding and regional leaders offered strong support for Greece, easing default fears.

Judge to solve puzzle over BoFA mortgage removal

Bank of America Corp's $8.5 billion proposed mortgage-backed securities settlement is now in the hands of a New York federal judge. But it could end up back before state court in a legal tug-of-war over who should decide whether the pact passes muster.

Myanmar lifts bans on foreign news websites

Myanmar lifted bans on prominent news websites on Thursday, including some run by critics of the army-dominated government, and unblocked online video portal YouTube, the latest signs of possible reforms in one of Asia's most reclusive states.

Chip in new BlackBerrys opens door to use as ID

BlackBerry maker Research In Motion plans to open doors for its key corporate customers using a decade-old technology most in the smartphone industry eye as a way to turn phones into wallets.

Fiscal fix needed for jobs, investment: Blackrock

The United States needs to use fiscal as well as monetary policy to boost the economy if it wants to convince cash-rich corporations to start hiring and investing, Bob Doll, chief equity strategist of BlackRock Inc said on Thursday at the Bloomberg Markets 50 Summit.

Jobless claims post surprise rise

New jobless claims rose last week to their highest since June and a gauge of New York State manufacturing contracted in September, sustaining the view the Federal Reserve could take new action to boost growth.

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