More From IBT Staff Reporter
Fed's Bullard says it's time to debate completing QE2
A senior U.S. Federal Reserve official said on Thursday he thinks it is time to consider tapering off or scaling back a $600 billion bond-buying program because of an improved economic outlook.
Feb 24, 2011
Pentagon says Boeing wins aerial tanker contract
Boeing Co has won a contract to build new refueling planes for the U.S. Air Force, beating out Europe's EADS, the Pentagon said on Thursday.
Feb 24, 2011
Toyota recalls 2.2 million more autos; U.S. ends probe
Toyota Motor Corp said on Thursday it was recalling nearly 2.2 million vehicles over the risk that the accelerator pedal could be trapped by loose or misplaced carpet on the driver's side.
Feb 24, 2011
Late Kuyt goal sends Liverpool into Europa League Last-16 round
Dirk Kuyt's 86th minute header against Sparta Prague sent Liverpool into the last 16 of the Europa League with an aggregate score of 1-0.
Feb 24, 2011
Boeing wins aerial tanker contract
Boeing Co has won a contract to build new refueling planes for the U.S. Air Force, beating out Europe's EADS, the Pentagon said on Thursday.
Feb 24, 2011
GM shares hit post-IPO low, oil risk trumps profit
General Motors Co posted fourth-quarter results that topped Wall Street expectations, but its shares fell below their IPO price as investor concerns shifted to the pressure from rising oil prices and higher costs of launching and selling new cars.
Feb 24, 2011
Dish Network loses subscribers in fourth quarter
Satellite television provider Dish Network Corp's posted bigger-than-expected subscriber losses for the fourth quarter as many customers canceled their service after a dispute with Fox Network in October blacked out sports programs.
Feb 24, 2011
UK court agrees Assange extradition to Sweden
WikiLeaks founder Julian Assange, who rocked the U.S. government by publishing thousands of secret diplomatic memos, must be extradited to Sweden to face sex crimes allegations, a British judge ruled on Thursday.
Feb 24, 2011
Tweeting moms and Web cams, Oscar gets geeky
When Oscar organizers unveiled their promotional campaign, You're Invited, they weren't kidding -- at least where Web audiences are concerned.
Feb 24, 2011
U.S. foreclosure deal slowed by infighting: sources
U.S. regulators' efforts to settle with banks over improper mortgage foreclosures are being hampered by infighting among the groups involved in the talks, and a settlement may take a while, according to sources familiar with the matter.
Feb 24, 2011
Bethesda Lets Out First Trailer For Elder Scrolls V
Months ahead of its November release, Bathesda offers a peek at the title's new gameplay elements.
Feb 24, 2011
One in Ten Windows Phone Updates Failed, Says Microsoft
Citing Connection and storage factors, Microsoft says that a small minority of phones were affected.
Feb 24, 2011
Saudi Student Arrested In Texas On Terror Charges
A Saudi college student was arrested in Texas yesterday and charged with planning terror attacks in the United States.
Feb 24, 2011
Watch Taylor Swift's video diary from her tour in Asia
Taylor Swift recently posted a video diary on her website, documenting her recent tour in Asia city by city.
Feb 24, 2011
Late rebound on oil drop shows bulls still kicking
Bruised but not bowed, bulls staged a rebound on Thursday and helped stocks stabilize in a volatile session suggesting investors aren't ready to give up on the market's rally.
Feb 24, 2011
Foreclosure deal slowed by infighting: sources
U.S. regulators' efforts to settle with banks over improper mortgage foreclosures are being hampered by infighting among the groups involved in the talks, and a settlement may take a while, according to sources familiar with the matter.
Feb 24, 2011
Brent backs off $120, eyes on Libyan, Saudi supply
Oil surged more than 7.5 percent to its highest since August 2008 on Thursday on concern that uprisings in Libya could spread to other major oil producers in the Middle East, including Saudi Arabia.
Feb 24, 2011
Procter & Gamble to raise prices as costs increase
Procter & Gamble Co will raise some prices as it absorbs higher commodity costs and its sales goal may be under pressure if business does not improve in the United States and other developed markets, Chief Financial Officer Jon Moeller said.
Feb 24, 2011
Dow, S&P end down, off day's lows; Nasdaq up
The Dow and S&P 500 closed down but well off the day's lows in a volatile session on Thursday, suggesting investors aren't ready to give up on the market's rally.
Feb 24, 2011
Wall St slips in sell-off's 3rd day as oil jumps
U.S. stocks fell for a third day on Thursday as U.S. crude oil prices hovered near $100 a barrel on violence in Libya.
Feb 24, 2011
S&P 500 weakens technically
The S&P 500 index on Thursday violated a trendline dating back to August as U.S. equities continued to struggle amid escalating oil prices and fears of violence spreading further across North Africa and the Middle East.
Feb 24, 2011
Target, Kohl's say consumer spending gains fragile
Mid-tier department store operator Kohl's Corp expects more sales gains this year, while discount retailer Target Corp said fewer shoppers are defaulting on their credit card debt -- signs that consumers' finances are getting better, slowly.
Feb 24, 2011
Federer and Djokovic through to the Semi-finals in Dubai
Top-seed Roger Federer and Australian Open champion Novak Djokovic overcame tough opening sets to reach the semi-finals of the Dubai Tennis Championships on Thursday.
Feb 24, 2011
4 Reasons Why Obama Dropped Defense of Marriage Law (PHOTOS)
Emboldened by the pending repeal of the Don't Ask Don't Tell law, President Barack Obama, and his top legal official, have concluded that in two pending cases, the Administration will not defend a federal law that defines marriage as being the union between one man and one woman.
Feb 24, 2011
Food prices could reach 2008 level: USDA
U.S. consumers could see food costs spiking to levels seen during the food crisis of 2008 as higher commodity and energy prices force companies to raise prices on products lining grocery store shelves, the Agriculture Department said on Thursday.
Feb 24, 2011
Dow, S&P fall for third day, but rebound off lows
The Dow and S&P slumped for a third straight day on Thursday as investors continued to fret about the economic impact of continued violence in Libya and oil prices, though gains in Priceline kept the Nasdaq in positive territory.
Feb 24, 2011
GM shares at post-IPO low, oil risk trumps profit
General Motors Co posted fourth-quarter results that topped Wall Street expectations, but its shares fell below their IPO price as investor concerns shifted to the pressure from rising oil prices and higher costs of launching and selling new cars.
Feb 24, 2011
New home sales drop 12.6 percent in January
New U.S. single-family home sales fell more than expected in January, a government report showed on Thursday, pulled down by a plunge in activity in the country's West as a homebuyer state tax credit in California ended.
Feb 24, 2011
Update: Anonymous Sends Westboro A Message (VIDEO)
Anonymous dealt have taken down Westboro Church's websites and left a stern message to the radical religious group.
Feb 24, 2011
Preparations at Kodak Theatre for the 83rd Annual Academy Awards [PHOTOS]
The 83rd Annual Academy Awards ceremony is days away and the preparations in Hollywood are well under way.
Feb 24, 2011
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