IBT Staff Reporter

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Home price decline moderates in April: S&P

Home prices dipped in April from March, though the pace of decline moderated at the start of the spring buying season, a closely watched survey said on Tuesday.
Jun 28, 2011

Futures point to higher open on Greece optimism

Stock index futures pointed to a higher open on Tuesday as optimism grew that the Greek parliament would adopt a deeply unpopular austerity plan, easing concerns about a debt default.
Jun 28, 2011

Lagarde set to win IMF post as U.S. offers support

The United States formally offered its backing on Tuesday for French Finance Minister Christine Lagarde to take over the top job at the International Monetary Fund, ensuring a win for her over Mexico's Central Bank Governor Agustin Carstens.
Jun 28, 2011

Home prices dip in April: S&P

Single-family home prices dipped modestly in April, pointing to signs of stabilization in the battered housing market at the start of the spring buying season, a closely watched survey said on Tuesday.
Jun 28, 2011

Europe's Lagarde set to win top IMF job

French Finance Minister Christine Lagarde looks set to emerge on Tuesday as the International Monetary Fund's new chief, maintaining the tradition of a European heading the global lender.
Jun 28, 2011

5 secret Facebook features useful for you

Facebook users spend 700 billion minutes per month accounting for a quarter of the World’s total web traffic.In spite of that, most of them have not explored beyond the communicating and sharing features.
Jun 28, 2011

EU warns Greece rejecting austerity means default

The European Union warned Greek lawmakers on Tuesday their country faced immediate default unless they approve a hated austerity plan, as strikers began new mass protests against the EU/IMF-imposed measures.
Jun 28, 2011

Special Report: Kyrgyzstan's gold rush on ice

The bus loaded with supporters of a planned $100 million mine had just left its remote Kyrgyz village when a mob on horseback blocked the road. What happened next was a warning to foreign mining companies who had hoped democracy in Kyrgyzstan would improve the investment climate in the Central Asian republic.
Jun 28, 2011

Wimbledon - Nadal receives injury boost

Fears of defending champion Rafael Nadal's Wimbledon campaign ending prematurely has been eased as reports suggest his ankle injury, sustained during his fourth-round victory against Argentine Juan Martin del Potro, isn't serious.
Jun 28, 2011

Futures flat as investors await Greece vote and data

Stock index futures were little changed on Tuesday as investors were reluctant to make bets after a rally in the previous session and as they waited to see if the Greek parliament would adopt a deeply unpopular austerity plan.
Jun 28, 2011

LSE's Rolet confident TMX merger vote will succeed

The London Stock Exchange will proceed as planned with this week's vote on its takeover of Canadian group TMX and is confident shareholders will back the deal, chief executive Xavier Rolet said on Tuesday.
Jun 28, 2011

Honda CFO says profit forecast not conservative

Honda Motor Co's <7267.T> annual operating profit forecast is not conservative, given the yen's strength and soaring raw materials prices, the automaker's chief financial officer said on Tuesday.
Jun 28, 2011

French banks agree to Greek debt rollover

France offered a radical solution Monday for banks to roll over some Greek debt for 30 years as the Greek government fought for political support of its five-year austerity plan to avert bankruptcy.
Jun 28, 2011

StanChart keeps lid on costs, heads for record profit

Staff cuts coupled with growth in Hong Kong and other key Asian markets have put Standard Chartered Plc <2888.HK> on track for record profits in the first half of this year, up over 10 percent on a year earlier.
Jun 28, 2011

Sony says protecting content made it hackers' target

Sony Corp believes it was targeted by hackers because it tried to protect its intellectual property, CEO Howard Stringer told a shareholders' meeting at which he sidestepped a call for him to step down over the incident.
Jun 28, 2011

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