IBT Staff Reporter

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Delta ticket and gate agents reject union

Delta Air Lines Inc ticket and gate agents have voted to reject union representation, dealing another blow to labor groups seeking to represent a majority of workers at the carrier.

TD Bank said in talks to buy Chrysler Financial

Toronto-Dominion Bank is in talks to buy lender Chrysler Financial from private equity firm Cerberus Capital Management , a source said on Tuesday, although a TD official suggested such a transaction was unlikely.

WaMu ends hearings on $10 billion deal to end bankruptcy

WILMINGTON, Del., December 7 - Washington Mutual Inc made its final pitch for court approval of a $10 billion deal to end its two-year bankruptcy, saying it outweighed the risks of legal battles against JPMorgan Chase & Co and a regulator.

Obama defends tax deal, says long battle averted

President Barack Obama defended his compromise with Republicans on extending tax cuts for wealthier Americans, saying it was urgent to keep millions of Americans from losing unemployment insurance payments.

Tax plan increases deficit, group says

With a deal announced between the Obama administration and Congressional Republicans to extend the Bush-era tax cuts for everyone, including the nation's most wealthy, and to extend unemployment insurance for millions of out-of-work Americans, at least one organization concerned with the nation's finances is reminding everyone that such bargains are no bargain for the burgeoning national debt.

Despite volatility, 2010 set to be record IPO year

The amount raised globally from initial public offerings in 2010 is on track to beat any other year on record, according to Ernst & Young, despite waves of market volatility which disrupted many planned listings.

Texas Instruments narrows quarterly guidance

Microchip bellwether Texas Instruments Inc narrowed its quarterly earnings and revenue guidance, in line with analysts' expectations, as the industry deals with sluggish end-of-year demand.

Microsoft plans to ramp up browser privacy

Microsoft Corp plans to give users of its new Internet browser the ability to stop certain sites from gathering information from users as the company looks to head off federal online privacy legislation.

Rhee launches education reform group

Michelle Rhee, the former chancellor of schools in Washington D.C., has ended speculation about her next move, announcing on Monday that she has started a new non-profit organization that will seek reforms in public educational policies at the local, state and national levels.

Google takes wraps off first Chrome PCs

The first laptops powered by Google Inc's Chrome system will hit store shelves later than expected, as the Internet company works out bugs in a family of Web-centric computers intended to take on Microsoft Corp and Apple Inc.

Wikileaks founder jailed in England

Wikileaks founder Julian Assange is behind bars in London, facing extradition to Sweden where he is charged with rape and sexual molestation in two separate cases.

Spike in rates, insider probe derail rally

Stocks eked out a small gain on Tuesday as investors' enthusiasm over a tax cut extension deal was short-circuited by rising bond yields and reports regulators were stepping up an insider-trading probe.

Rising rates, insider probe derail rally

Stocks eked out a small gain on Tuesday as investors' enthusiasm over a tax cut extension deal was short-circuited by rising bond yields and reports regulators were stepping up an insider-trading probe.

October consumer credit up $3.4 billion

- Total Uconsumer credit rose $3.4 billion in October on rising student loans, which offset a decline in revolving credit, including credit cards, Federal Reserve data showed on Tuesday.

U.S. factory revenue to grow in 2011: ISM

The manufacturing and services sectors will grow in 2011, with manufacturing revenue expected to increase by 5.6 percent, the Institute for Supply Management said in a semi-annual forecast released on Tuesday.

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