IBT Staff Reporter

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Bank analysts slash Goldman estimates hardest

Analysts have been slashing earnings estimates for big Wall Street banks recently, particularly for Goldman Sachs, as unpredictable trading markets and weak merger and underwriting volumes hurt the sector's profit potential.
Sep 12, 2011

FCC's Internet rules clear a review hurdle

Controversial new Internet rules adopted late last year by the Federal Communications Commission will soon be published officially, a step expected to trigger legal challenges.
Sep 12, 2011

Gamestop to carry tablets in stores for first time

The largest U.S. video game retailer GameStop Corp will sell Android tablets this holiday for the first time in a bid to grab a slice of the growing market of people who play games on the go.
Sep 12, 2011

Wall St recovers late from euro zone battering

Stocks rose on Monday, bouncing back in late trading, as hopes that Italy could get financial support from China tempered investors' worst fears over the euro zone's sovereign debt crisis.
Sep 12, 2011

BofA plans 30,000 job cuts; investors underwhelmed

Bank of America Corp said it will cut 30,000 jobs and slash annual expenses by $5 billion, but investors were unimpressed with the plan and the lack of details on how it will be accomplished.
Sep 12, 2011

BlackRock's CEO says money managers have been hurt

Tumultuous markets and financial problems in Europe are hurting profits in the asset management industry, according to Laurence Fink, chief executive of BlackRock Inc , the world's largest asset manager.
Sep 12, 2011

BlackRock's Fink says markets hurt money managers

Tumultuous markets and financial problems in Europe are hurting profits in the asset management industry, according to Laurence Fink, chief executive of BlackRock , the world's largest asset manager.
Sep 12, 2011

Giffords to give first TV interview in November

Gabrielle Giffords, the Arizona congresswoman who survived an assassination attempt in January, will give her first television interview since the shooting to ABC journalist Diane Sawyer in November, ABC News said on Monday.
Sep 12, 2011

Playboy goes retro, slashes price to 60 cents

It was among the most exciting periods of Playboy founder Hugh Hefner's life, so what could be better in a bad economy than to retrace the 1960s' good times and give readers a break on the price of his magazine?
Sep 12, 2011

Gundlach surprise final witness at L.A. trial

Star bond fund manager Jeffrey Gundlach made a surprise third appearance on the witness stand on Monday in his high-stakes trial with his former employer, Trust Company of the West.
Sep 12, 2011

Overweight Man Sues White Castle Over Booth Size

Sixty-four-year-old Martin Kessman is suing White Castle under the Americans with Disabilities Act, claiming he cannot fit into the booths and the restaurant has not made accomodations.
Sep 12, 2011

Chipmaker Broadcom to buy NetLogic for $3.7 billion

Chipmaker Broadcom Corp plans to buy NetLogic Microsystems Inc for about $3.7 billion to expand its lineup of chips used in wireless network equipment to take advantage of growing demand for mobile data services.
Sep 12, 2011

Williams loses control as Stosur wins in U.S.

Australia's Sam Stosur tamed her own pounding heart and repelled everything -- both good and bad -- that Serena Williams hurled at her to win the U.S. Open crown and her first grand slam singles title on Sunday.
Sep 12, 2011

Exclusive: Holiday shoppers to spend less

Most than a quarter of Americans expect to spend less during the holidays this year, a survey showed on Monday in an early sign that retailers will have to try harder to win shoppers in the biggest selling season of the year.
Sep 12, 2011

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