IBT Staff Reporter

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Procter & Gamble raises detergent prices

Procter & Gamble Co will raise detergent prices by 4.5 percent in June as the world's largest household products maker starts to respond to rising costs for materials, packaging and transportation.

JPMorgan, others boost payouts after Fed tests

U.S. regulators gave major banks including JPMorgan Chase & Co the green light on Friday to boost dividends, loosening the reins on the industry 2-1/2 years after the government bailed out the financial system.

GM to assess Japan parts problems in two weeks: CEO

General Motors Co will only learn the impact of Japan's earthquake and nuclear crisis on its supply chain within a week or two, Chief Executive Daniel Akerson said on Friday, as shortages of components and other supplies deepen.

G7 cenbanks in rare currency action after yen surge

A coordinated move by central banks of rich nations to stabilize the yen appeared to be working on Friday, tamping its value down after Japan's devastating earthquake and nuclear crisis triggered a yen surge and raised fears about the global economy.

Netflix secures first rights to Spacey TV series

Netflix Inc said on Friday it has secured exclusive rights to the 26-episode television series House of Cards, in what signaled a move away from its traditional role of merely licensing movies and TV shows.

Wall Street rebounds but ends lower for week

Stocks rallied on Friday after a week of volatility, but light trading volume suggested investors are still reluctant to make big bets due to turmoil in the Middle East and Japan's nuclear crisis.

NRC: Seismic Refits Not Yet Needed

The Nuclear regulatory Commission has no plans to retrofit existing nuclear power plants due to seismic hazards, despite an increase in measured seismic risk at some sites.

G7 central banks in rare currency action after yen surge

A coordinated move by central banks of rich nations to stabilize the yen appeared to be working on Friday, tamping its value down after Japan's devastating earthquake and nuclear crisis triggered a yen surge and raised fears about the global economy.

Letter tied to Hurd's HP ouster to be unsealed

A letter that had prompted Mark Hurd's abrupt resignation as chief of Hewlett-Packard Co was ordered unsealed by a Delaware judge, potentially revealing more details of his dramatic exit last year.

Continental recalls tires on Ford pickups

Continental AG's North American unit is recalling about 391,000 tires, most of which were put on new Ford Motor Co F-250 and F-350 heavy duty pickup trucks, U.S. regulators said on Friday.

BB&T raises dividend 6.7 pct after stress test

BB&T Corp raised its quarterly dividend 1 cent and will pay a special 1 cent dividend in the second quarter, becoming one of the first U.S. banks to raise its dividend after finishing a second round of regulatory stress tests by the Federal Reserve.

Wall Street gains on G7 yen action and bank shares

Stocks advanced on Friday after the Group of Seven intervened to support the Japanese yen and major banks were cleared to pay dividends again, but investors are unlikely to make big bets heading into the weekend.

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