IBT Staff Reporter

78181-78210 (out of 154954)

Geithner urges balance on euro crisis measures

Treasury Secretary Timothy Geithner urged Europe on Tuesday to strike a balance between tough fiscal reforms and financial support for troubled member states ahead of two crucial EU summits to resolve the bloc's debt crisis.

Stocks gain as oil drops

U.S. stocks rose on Tuesday after an upbeat profit forecast from Bank of America and a pullback in oil prices, which could lead to further gains if the Dow mounts a key level.

Saad boss facing criminal charges in Bahrain

Bahrain is pressing charges against Saudi businessman Maan al-Sanea, the first time any of the players in a multi-billion dollar row with the Algosaibi family face the prospect of trial in a criminal court.

Oil falls as OPEC mulls output boost

Oil prices fell on Tuesday after Kuwait's oil minister said OPEC was considering the first official production boost in more than two years to ease anxiety about Libya's supply disruption and the potential for other disruptions in the region.

Stocks jump as oil drops

Stocks jumped on Tuesday after a pullback in oil prices and an upbeat profit forecast from Bank of America, but technical signals still suggested a market correction was near.

McDonald's Feb sales up in Europe

Strength in Europe helped offset softer-than-expected February sales at McDonald's Corp's established U.S. restaurants, which are being pinched by unemployment and rising gasoline prices.

Brown-Forman tops estimates and raises forecast

Brown-Forman Corp , the maker of Jack Daniel's whiskey, posted a stronger-than-expected 30 percent increase in quarterly profit helped by strong emerging market demand, and raised its full-year outlook, sending shares up 6 percent.

Weber says ECB's rate signal quite necessary

The European Central Bank's signal last week that it is ready to raise interest rates was quite necessary to tackle firming inflation pressures, ECB policymaker Axel Weber said on Tuesday.

Brown-Forman raises forecast

Brown-Forman Corp , the maker of Jack Daniel's whiskey, posted a stronger-than-expected 30 percent increase in quarterly profit helped by strong demand in emerging markets, and it raised its full-year outlook.

Axel Weber: Markets have understood ECB correctly

Markets have understood the European Central Bank's policy signals, ECB policymaker Axel Weber said on Tuesday, adding he did not want to correct expectations for rates to be at 1.75 percent by year's end.

Raj Rajaratnam in court for insider trading trial

Galleon hedge fund founder Raj Rajaratnam, the central figure in the biggest U.S. insider trading case in a generation, went to trial on Tuesday in a showdown with prosecutors that will feature wiretap evidence and the testimony of former friends and associates.

Pages