More From IBT Staff Reporter
Allied Irish shares drop ahead of High Court move
Shares in Allied Irish Banks fell 10 percent on Thursday ahead of a state capital injection that will see the effective nationalization of what was once Ireland's largest listed lender.
Dec 23, 2010
Leonardo lords over the box office returns
Leonardo DiCaprio has been named the highest-grossing Hollywood star of 2010.
Dec 23, 2010
Futures little changed ahead of data
Stock index futures were little changed in light volume on Thursday ahead of a busy day for economic data as Wall Street approached a fourth straight week of gains.
Dec 23, 2010
This has been a season of progress for the American people: Obama
US president Barack Obama welcomed the US Senate's ratification of the new strategic arms reduction treaty between the country and its former cold-war rival Russia. The President maintained that Wednesday's vote proves that Washington is not headed for 'more partisanship and more gridlock'.
Dec 23, 2010
Former spy Anna Chapman looks at career in politics
Once a Russian spy, later a model posing for an erotic shoot in Agent Provocateur lingerie for Maxim, now in search of promising career in the country's politics -- the flamed-haired beauty, Anna Chapman, has now joined a youth political movement in Russia. The 28-year-old glam-girl is one of 11 alleged Russian secret agents deported by US in July this year.
Dec 23, 2010
Futures flat in light volume ahead of data
Stock index futures were little changed in light volume on Thursday ahead of a busy day for economic data as Wall Street approached a fourth straight week of gains.
Dec 23, 2010
Oil near 2-year high on cold snap, tighter stocks
Oil prices held above $90 a barrel, close to their highest in two years on Thursday, after cold weather boosted demand and U.S. stockpiles shrank.
Dec 23, 2010
California Start Up Firm Lookout Raises $19.5 Mln More For Smartphone Security
California-based start up Lookout Mobile Security, a provider of smartphone protection software, said it raised a further $19.5 million in funding led by Index Ventures.
Dec 23, 2010
Five million Britons to shop online on Xmas Day
Almost 5 million Britons are expected to go online on Christmas Day and spend over 150 million pounds ($232 million) as they look to grab bargains and beat a rise in January in VAT sales tax, a retail group said on Thursday.
Dec 23, 2010
Senate inaction kills Diamond nomination to Fed board
The nomination of Nobel prize-winning economist Peter Diamond to the Federal Reserve's Board was scuttled on Wednesday when the Senate failed to vote on it before adjourning for the year.
Dec 23, 2010
Jon Favereau will not helm 'Iron Man 3'
He is not in favour of intermingling the story with other Marvel films like 'Thor' and 'Avengers'
Dec 23, 2010
World stocks scale two-year highs
World stocks hit their highest level since September 2008 on Thursday while oil held near a two-year peak as favorable U.S. data reinforced expectations economic growth will retain momentum into next year.
Dec 23, 2010
Lindsay Lohan in trouble again
She is tangled in an assault case with a staffer at Betty Ford Center
Dec 23, 2010
MGM averts bankruptcy, gets $500 million finance bail out
The new structure gives debt-holders a stake and JP Morgan arranges $500 million
Dec 23, 2010
Oil hovers near 2-year high on cold snap, tighter stocks
Oil prices climbed toward a two-year high on Thursday as cold weather in the United States boosted demand, slashed stockpiles and contributed to a stronger-than-expected rise in fuel consumption in 2010.
Dec 23, 2010
Growth view fuels gains in commodity stocks, oil
Asian shares edged higher on Thursday with gains led by resource-linked stocks, and oil traded just below the two-year high it hit yesterday on cautious but growing optimism of the health of the world economy.
Dec 23, 2010
ECB's Kranjec says euro will survive despite problems
Problems with the euro are being solved, and the single currency will survive, a member of the European Central Bank Governing Council, Marko Kranjec, said on Thursday.
Dec 23, 2010
Stock index futures unchanged
Stock index futures pointed to a flat opening on Wall Street on Thursday, with futures for the S&P 500 down 0.04 percent, Dow Jones futures up 0.01 percent and Nasdaq 100 futures up 0.01 percent at 0917 GMT (4:17 a.m. ET).
Dec 23, 2010
China says willing to help euro zone return to health
China is willing to help countries in the euro zone return to economic health and will support the International Monetary Fund element of a bailout package for the bloc, a Chinese Foreign Ministry spokeswoman said on Thursday.
Dec 23, 2010
Sony in talks to buy back Toshiba chip line: source
Sony Corp is in talks to buy a Japanese microchip production line from Toshiba Corp for an estimated 50 billion yen ($598 million) to boost its output of chips for cameras and mobile phones, an industry source said on Thursday.
Dec 23, 2010
Commodity stocks rise on growth view, oil climbs
Resources-linked stocks rose and oil climbed toward the $91 per dollar mark for the first time in more than two years after latest U.S. data offered yet another sign that the world's biggest economy is on the mend.
Dec 23, 2010
Obama to push for Dream Act again in 2011
President Barack Obama said on Wednesday that he will work to change the politics of the immigration debate on children of illegal immigrants in 2011 by engaging Republicans and making his case to the American people to pass the DREAM Act.
Dec 23, 2010
Starbucks says grocery coffee share down since 2004
Starbucks Corp unveiled new details about its unraveling relationship with Kraft Foods Inc on Wednesday, ahead of a court conference on Kraft's request to force Starbucks to stop plans to take over distribution of its packaged coffee.
Dec 22, 2010
US executions continue to decline, 12 pct dip recorded in 2010
Death sentences in the United States continued to decline with just 46 executions in 2010, down 12 percent compared to a year earlier.
Dec 22, 2010
Obama admn. faces resistance from states in Florida over new healthcare law
Lawyers for 20 U.S. states and Obama administration sparred in a Florida court over the constitutional challenges of the new healthcare law that requires all Americans to have medical insurance before 2014 or face a fine.
Dec 22, 2010
Google Makes $1.77B Deal For Building In New York
Google said it bought a new office building in New York, in a deal reportedly for $1.77 billion.
Dec 22, 2010
China Tel To Build $62M Network In Peru
China Tel will be putting $62 million into selling internet protocol telephony in Peru, via its subsidiary Perusat.
Dec 22, 2010
Ex-William Morris CEO Wiatt sues law firm, former partner for helping Starr execute Ponzi scheme
A former head of a talent agency has sued Jonathan Bristol, a former law firm partner of Winston & Strawn LLP, and the law firm, and is holding them accountable for the $2 million allegedly misappropriated from his investment account.
Dec 22, 2010
U.S. online holiday shoppers break weekly sales record
For the U.S. e-commerce industry, last week was one for the record books. Online holiday shoppers spent $5.499 billion from December 13 to December 19, according digital trends tracking firm comScore.
Dec 22, 2010
The smart investment choice in 2011 will be Gold
When the return on savings is less than the rate of inflation it doesn't matter that gold doesn't provide you with an income. Tightly supplied and indestructible, it offers a natural and obvious alternative to cash. Inflation expectations are rising as 2011 begins.
Dec 22, 2010
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