IBT Staff Reporter

79861-79890 (out of 154954)

Producer prices, home construction rise

U.S. core producer prices in January rose to their highest rate in more than two years, hinting at a build up in inflation pressures as the recovery gathers pace, a potentially troubling development for the Federal Reserve.

Housing starts surge in January, permits tumble

U.S. housing starts rose more than expected in January to their highest rate in four months but permits for future home construction dropped sharply after hefty gains the prior month, according to a government report on Wednesday that showed the housing market still bouncing along the bottom.

Skype happy to hire Finnish engineers

Internet telephone service Skype said Nokia's alliance with Microsoft presented an opportunity for the company to tap into Finnish engineering talent looking for new jobs.

Borders files for bankruptcy

Borders Group Inc , the second-largest U.S. bookstore chain, filed for Chapter 11 bankruptcy protection, after years of sharp sales declines that made it impossible to manage its crushing debt load.

Surging Wireless Taxes A Growing Burden

Wireless consumers across the United States continue to face excessive and discriminatory federal, state, and local taxes and fees on their wireless bills, says a new report, which finds Nebraska paying a whopping 23.69 percent.

BHP in $80 billion expansion spree, puts off big takeovers

BHP Billiton plans to pour $80 billion into expansion over the next five years rather than chase ambitious takeovers, the world's biggest miner said after booming demand for iron ore and copper helped nearly double its first-half profits.

Cost cuts drive Heineken to forecast-beating 2010

Heineken NV , the world's third-largest brewer, beat full-year earnings forecasts as cost cuts in Europe and savings from a large Mexican acquisition more than offset lower beer sales, lifting its shares.

Daimler dividend above expectations, outlook upbeat

Daimler proposed a higher-than-expected annual dividend on Wednesday, predicting a considerable gain in earnings this year on better sales of its Mercedes premium cars and a turnaround at its trucks business.

Arsenal vs. Barcelona Live-Coverage

On Wednesday, two teams who arguably play the most attractive football in the world will face each other at Emirates Stadium when Arsenal hosts Barcelona in the first-leg of the Champions League Round-of-16.

SocGen's Q4 profits bounce back

Profits at French bank Societe Generale nearly quadrupled in the final quarter of last year, thanks to a pick-up in its retail banking and core equities derivatives businesses, it said on Wednesday.

Game eyes step change in online revenue

British PC and video games retailer Game said it is aiming to revive its fortunes by increasing sales over the Internet and converting more visitors to its stores into paying customers.

Global stocks rise; sterling up on rate view

Global stocks rose on Wednesday on optimism about a strong outlook for corporate earnings, while expectations for higher interest rates in the UK lifted sterling and the euro gained against the dollar on sovereign demand.

BHP Billiton CEO harbored concern over China spying

Global miner BHP Billiton's boss, Marius Kloppers, confirmed on Wednesday he had harbored concerns about Chinese and competitor espionage on his business, citing it as a reason behind his push for market pricing of key commodities.

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