IBT Staff Reporter

57151-57180 (out of 154953)

UK bank reform to cost up to $11 billion a year

Britain's banks should shield their retail operations from riskier investment banking units and boost capital levels to protect taxpayers from future crises, according to far-reaching proposals that could cost the industry 7 billion pounds ($11 billion) a year.

Analysis: GM's Opel Facing Uncertain Future

Near the peak of General Motors Co's financial crisis, Opel workers laid a coffin at the feet of the brand's founder Adam Opel to mark what they considered the death of the brand.

Global Stocks Slide, Dollar Gains on Euro Zone Woes

European index futures tumbled on Monday, following a slide in Asian equities, and the euro slumped to a 10-year low against the yen after the resignation of a top European Central Bank official cast further doubt on the region's ability to tackle its worsening sovereign debt crisis.

Analysis: GM's Opel facing uncertain future

Near the peak of General Motors Co's financial crisis, Opel workers laid a coffin at the feet of the brand's founder Adam Opel to mark what they considered the death of the brand.

Analysis: Electric car hype hiding a quiet revolution

Electric cars and hybrids may be capturing headlines and the imagination of green-leaning consumers around the world as one automaker after another announces plans to push into the brave new world of fossil fuel-free mobility.

Asian stocks fall, dollar gains on Europe woes

Asian stocks slid on Monday and the euro sank to a 10-year low against the yen, after the resignation of a top German European Central Bank board member cast further doubt on the region's ability to tackle its worsening sovereign debt crisis.

Fed Scans Capital One-ING Online Banking Deal: WSJ

The Federal Reserve has quizzed Capital One Financial Corp to know whether the proposed purchase of ING Groep NV's U.S. online banking business would create a too big to fail institution, the Wall Street Journal said.

Japan big manufacturers' mood improves, outlook dims

Big Japanese manufacturers turned optimistic in the third quarter as output recovered swiftly after the March 11 earthquake and tsunami, but scaled back forecasts for the months ahead due to the yen's strength and a looming global slowdown, a Ministry of Finance survey showed.

Euro Slumps to 10-Year Low vs. Yen as Greece Worries Mount

The euro hit a six-month low against the dollar and a 10-year trough versus the yen, falling below key technical levels and option barriers on worries that the euro zone's support for Greece is wobbling and the country may be forced to default on its debt.

Euro slumps to 10-year low vs yen as Greece worries mount

The euro hit a six-month low against the dollar and a 10-year trough versus the yen, falling below key technical levels and option barriers on worries that the euro zone's support for Greece is wobbling and the country may be forced to default on its debt.

Japan Manufacturing Mood Improves, Outlook Dims

Big Japanese manufacturers turned optimistic in the third quarter following a rapid recovery in output after the deadly March 11 earthquake and tsunami, but scaled back forecasts for the months ahead on the yen's strength and as global slowdown looms.

Japan big manufacturing mood improves, outlook dims

Big Japanese manufacturers turned optimistic in the third quarter following a rapid recovery in output after the deadly March 11 earthquake and tsunami, but scaled back forecasts for the months ahead on the yen's strength and as global slowdown looms.

Verizon Dividend Setback for Vodafone

Verizon Communications has dashed the hopes of Vodafone investors by ruling out a return to a recurring dividend from the two companies' mobile phone joint venture, called Verizon Wireless, the Financial Times reported on Monday.

'Contagion' takes hold of weekend box office

Deadly virus thriller Contagion caught on with filmgoers and easily took the top spot at the weekend box office in the United States and Canada, according to studio estimates compiled by Reuters on Sunday.

Does Global Warming Portend an Ice-Free Arctic Summer?

Reports about an Arctic summertime sans ice due to global warming and natural swings in regional wind patterns are quite alarming. The extent of summer sea ice in the Arctic Ocean reached a record low this week since satellite observations began in 1972, according to the University of Bremen's Institute of Environmental Physics.

World Bank to Invest in New Hedge Fund

The World Bank is investing in a hedge fund in order to help banks reduce capital that new rules will force them to set aside against loans to small companies in emerging markets, the Financial Times reported on Monday.

Euro extends losses, hits 10-year trough on yen

The euro got off to a rocky start in Asia on Monday, falling to fresh six-month lows against the greenback and a 10-year trough on the yen as downside momentum picked up pace after several key technical levels gave way recently.

Crucial Italy austerity package enters home stretch

Italy's often revised 54-billion-euro austerity package enters the final stretch on Monday when cuts aimed at balancing the budget by 2013 go before the lower house of parliament, with approval due later in the week.

9/11 Anniversary: Skeptics Rally in New York

A group of nearly 100 protesters traveled to the financial district in New York City to protest what they believed was dishonesty from the U.S. government regarding the September 11, 2001 terrorist attack.

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