IBT Staff Reporter

91471-91500 (out of 154954)

SEC chairman says more post-crisis cases in pipeline

The Securities and Exchange Commission is in the midst of more probes stemming from the financial crisis, its chairman said on Tuesday, a week after Goldman Sachs settled fraud charges for a record $550 million.

Microsoft to sell Kinect at $150, also sell bundles

Microsoft Corp will sell its new Kinect motion-sensing gaming system for about $150 and also offer it in a package with the Xbox 360 videogame console when sales of the hands-free device start in November, the company said on Tuesday.

Surprise commercial orders eclipse defense

Large commercial airplane orders stole the show at the Farnborough Airshow on Tuesday, as Airbus raised its orders guidance for the year with the help of a resurgent leasing industry.

BA cabin crew reject new pay offer: union

British Airways cabin crew have voted against a revised pay offer to settle a long-running dispute, their union said Tuesday, but the airline said the ballot showed support for the union ebbing away.

Nokia jumps on hopes of CEO change

Shares in Nokia jumped on Tuesday on news that the world's top cellphone maker has sent out headhunters to find a replacement for Chief Executive Olli-Pekka Kallasvuo.

Global assets under management rebound: study

Global assets under management rebounded last year as markets rallied, but investor jitters about future returns will force managers to review the way they do business, according to a report released on Tuesday.

BNY Mellon, State Street post higher earnings

Bank of New York Mellon Corp and State Street Corp , the largest U.S. custody banks, reported higher quarterly profits on Tuesday as a rise in stock prices helped them earn more from managing client funds, helping to offset low interest rates.

Starz, Penguin launch TV-book tie-up on iPad

Penguin launched on Tuesday the first electronic book with a video tie-in, as the embattled book publishing industry bets on multimedia ebooks to revive flagging growth and boost readership.

Euro slips from 2-month high versus U.S. dollar

The euro slipped from a more than two-month high against the dollar on Tuesday as falling equities hit risk appetite, prompting investors to book profits ahead of the results from stress tests on European banks.

Oil up ahead of data as equities pare losses

Oil rose on Tuesday, bouncing as U.S. stocks came off their early lows and ahead of weekly oil inventory reports expected to show crude supplies fell last week. U.S. crude for August delivery rose 61 cents to $77.15 a barrel by 11:57 a.m. EDT. The August U.S. crude contract expires on Tuesday. The more liquid September contract traded 57 cents higher at $77.47.

BofA alters mortgages under HAMP at slower rate

Bank of America Corp modified U.S. mortgages at a slower rate in June under the government's primary program to stem foreclosures, due to changing program requirements, the company said on Tuesday.

Housing starts fall, permits offer ray of hope

Housing starts hit their lowest level in eight months in June, further evidence the economy lost momentum in the second quarter, but a rise in permits offered hope of a pick up in homebuilding.

France's Lagarde says confident over stress tests

French Economy Minister Christine Lagarde said on Tuesday she was confident about the results of European bank stress tests due to be officially announced on Friday. I am confident, the minister said after a news conference, but declined to enter in further details.

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