More From IBT Staff Reporter
ARM president says acquisition would be misguided
Speculation Britain's ARM Holdings Plc could become a takeover target is misguided and ignores the importance of the chip designer staying independent, ARM's president said.
Feb 01, 2011
Payrolls seen up in January
WHAT: U.S. employment report for January
Feb 01, 2011
Dow, S&P finish day at two year highs
The Dow Jones Industrial Average and S&P 500 finished above 12,000 and 1,300 points, resepctively, for the first time since mid-2008.
Feb 01, 2011
More manufacturers warn of rising input costs
The threat that rising input prices pose to corporate profit margins was highlighted again as a number of U.S. manufacturers, including Emerson Electric Co and Paccar Inc, reported quarterly earnings.
Feb 01, 2011
Mubarak to step down in months, protesters defiant
Egyptian President Hosni Mubarak vowed to step down at the next election, would stay on to enact reforms in the next few months, and said authorities would pursue those responsible for destructive acts and looting and violence during the protests.
Feb 01, 2011
Sanofi puts Genzyme at low $70s plus payout: source
France's Sanofi-Aventis has agreed to raise its bid for Genzyme Corp to the low $70s-per-share range, plus a milestone payment based on the performance of an experimental drug, a source familiar with the situation said.
Feb 01, 2011
U.S. should support democracy, says professor
The U.S. would be foolish not to support the formation of a new democracy in Egypt, says Rutgers University political science professor and Middle Eastern specialist, Eric Davis.
Feb 01, 2011
Dow and S&P end at highest since June 2008
The Dow and S&P 500 closed at their highest levels since June 2008 on Tuesday and looked poised for more gains after strong earnings and signs of a surge in U.S. manufacturing.
Feb 01, 2011
Factories boom in January as inflation signs rise
The manufacturing sector grew at its fastest pace in nearly seven years in January and signs of inflation jumped more than expected as a recovery in the world's biggest economy gained traction.
Feb 01, 2011
Pfizer to shut major British site, home of Viagra
Pfizer Inc is to close its research and development center in Sandwich, southern England, which employs 2,400 people, dealing a major blow to Britain's scientific jobs base.
Feb 01, 2011
Dow hits 12,000 as stocks rally
The Dow and S&P 500 closed at their highest levels since June 2008 on Tuesday and looked poised for more gains after strong earnings and signs of a surge in U.S. manufacturing.
Feb 01, 2011
CORRECTED: New Pfizer CEO slashes R&D to save forecast
(Corrects that Pfizer bought Wyeth in late 2009, not last year, paragraph 8; error also occurred in previous updates)
Feb 01, 2011
Apple Gets Tougher On E-Reader Content
Apple says it's enforcing a rule that could impact the Sony Reader and Kindle apps.
Feb 01, 2011
GM, Chrysler lead as U.S. auto sales rise
U.S. auto sales jumped by about 18 percent in January, led by gains for General Motors Co and Chrysler as the two Detroit automakers restructured by the U.S. government took share from rivals.
Feb 01, 2011
Instant View: UK court slaps injunction on BP's Russian deal
BP's partners in Russian joint venture TNK-BP on Tuesday won an injunction halting the British oil giant's planned Arctic exploration partnership with Rosneft .
Feb 01, 2011
Mubarak won't stand for election, Obama pulls support: reports
Egyptian President Hosni Mubarak is expected to say he will step down at the next election while U.S. President Barack Obama has told him he should not run, according to reports.
Feb 01, 2011
LG To Reveal First Glasses-Free 3D Phone
The Optimus 3D, the first 3D-equipped phone, will be unveiled at this years Mobile World Congress, LG says.
Feb 01, 2011
Dow eyes close above 12,000 as Wall St rallies
U.S. stocks climbed on Tuesday on signs U.S. manufacturing surged and Pfizer Inc and UPS Inc posted strong results, sending indexes above key levels as market momentum strengthened.
Feb 01, 2011
Egyptian riots leave 18,000 stranded at its local airports
Roughly 18,000 foreigners and Egyptians face food shortages and police corruption at Cairo airport.
Feb 01, 2011
Manufacturing jumps in January, inflation rises
The U.S. manufacturing sector grew at its fastest pace in nearly seven years in January and signs of inflation jumped more than expected as the world's biggest economy gained traction.
Feb 01, 2011
Stocks surging on strong earnings, manufacturing report
U.S. stocks, led by Pfizer and Bank of America, surge.
Feb 01, 2011
P&G vice chairman leaving, units consolidated
Procter & Gamble Co is consolidating its three global units into two as Vice Chairman Robert Steele prepares to retire later this year.
Feb 01, 2011
Sanofi values Genzyme at low $70's plus CVR-source
France's Sanofi-Aventis has agreed to raise its bid for Genzyme Corp to the low $70's per share range, plus a milestone payment based on the performance of an experimental drug, a source familiar with the situation said.
Feb 01, 2011
Wall Street up on economic data, earnings
U.S. stocks climbed on Tuesday as the market's focus shifted to signs of economic strength and away from geopolitical concerns.
Feb 01, 2011
Samsung Exec Misquoted On Galaxy Tab, Stock Tumbles
Samsung issues a correction on widely-reported error.
Feb 01, 2011
GM January sales up 22 percent
General Motors Co posted a 22 percent rise in sales for January, outperforming expectations for the market as a whole on gains in demand for its pickup trucks.
Feb 01, 2011
Obama to meet with tech company CEOs on Tuesday
President Barack Obama will meet with a group of technology company chief executives on Tuesday as part of his effort to mend ties with the business community and find ways to create jobs.
Feb 01, 2011
BP's Rosneft deal blocked as results fall short
BP's existing Russian partners won a UK court bar on its planned Arctic oil venture with state-controlled Rosneft on Tuesday, prompting conciliatory offers from the British oil company.
Feb 01, 2011
Lawyer withdraws from illegal file-sharing cases citing death threats from hackers
A lawyer of UK-based law firm ACS: Law has withdrawn from pursuing alleged illegal file-sharers, citing death threats from hackers.
Feb 01, 2011
DLA Piper to become Wal-Mart of law firms
DLA Piper is all set to emerge as the largest law firm in the world in terms of revenues and the number of lawyers, after it merges with its Australian partner DLA Phillips Fox.
Feb 01, 2011
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