IBT Staff Reporter

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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.
Feb 16, 2011

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.
Feb 16, 2011

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.
Feb 16, 2011

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.
Feb 16, 2011

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.
Feb 16, 2011

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.
Feb 16, 2011

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.
Feb 16, 2011

HTC Unveils Two Smartphones With Facebook Buttons

Smartphone maker HTC has rolled out two new phones - HTC ChaCha and HTC Salsa - with a dedicated Facebook button for one-touch access to the key functions of the social networking service.
Feb 16, 2011

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.
Feb 16, 2011

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.
Feb 16, 2011

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.
Feb 16, 2011

SocGen keeps 2012 targets, Q4 in line

French bank Societe Generale said it would stick to its 2012 profit target of 6 billion euros ($8.1 billion) after it resisted jittery markets and almost quadrupled fourth-quarter 2010 profit.
Feb 16, 2011

Sanofi sweetens Genzyme bid to $74/shr

French drug maker Sanofi-Aventis agreed to acquire U.S. biotechnology company Genzyme for $74.00 per share in cash or about $20.1 billion plus extra payments linked to experimental multiple sclerosis drug Lemtrada.
Feb 16, 2011

SocGen deputy CEO says 2011 started off better than Q4

Market activity since the start of 2011 has improved from the fourth quarter 2010, which was hit by the rescue of Ireland and sovereign debt fears, French bank Societe Generale's deputy chief executive told Reuters Insider television.
Feb 16, 2011

France bad, Italy useless on aid goals - Geldof

France and Italy have fallen badly behind on pledges to boost their development aid and should follow the example of Britain, which has stuck to pledges despite austerity measures, Bob Geldof said on Tuesday.
Feb 16, 2011

Obama slams Iran crackdown, urges Mideast reform

U.S. President Barack Obama on Tuesday condemned Iran's crackdown on protesters inspired by Egypt's popular uprising and urged friends and foes across the Middle East to take heed of their peoples' aspirations for democracy.
Feb 16, 2011

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