IBT Staff Reporter

96901-96930 (out of 154954)

Euro steady, Greek yields ease on bailout hope

Greece's borrowing costs fell on Thursday and the euro was off its one-year low on optimism that a bailout plan for Athens would be finalized soon, though Spain's risk premium rose after S&P's debt rating downgrade.

Acer to sell new smartphones after HP-Palm deal

Acer Inc, the world's No.2 PC vendor, plans to introduce four new smartphone models later this year to help boost profits, a day after rival HP set its sights in the fast-growing smartphone market.

Euro edges up, stocks waver on Greek concerns

The euro inched higher on Thursday from a one-year low the previous day as senior European officials gave assurances that they were serious about helping Greece find a way out of its escalating debt crisis.

Baidu outlook rockets after Google exit

China's top Internet search firm Baidu Inc is emerging as a big winner following Google's recent retreat from China as it smashed analysts' forecasts, suggesting increased business from advertisers.

Euro steadies, stocks waver on Greek rescue news

The euro steadied on Thursday, rebounding from a one-year low the previous day, as the Federal Reserve released a more upbeat view of the U.S. economy, offering some respite for markets as Europe continued to haggle over a bailout package for Greece.

Goldman in talks over fund settlement: report

Goldman Sachs Group is in talks over a possible settlement with an Australian fund that said it became defunct after it bought into a $1 billion subprime mortgaged-linked security, the FT reported on Thursday.

Visa Q2 beats expectations

Visa Inc reported a 33 percent increase in second quarter earnings, better than Wall Street expected, as consumer spending rebounded and management said it was increasingly optimistic about the economy.

Big Media earnings seen strong, but doubts linger

A rebound in advertising should give a lift to the earnings of the big four U.S. media conglomerates, but there is uncertainty about the extent of the recovery and mixed views on the trajectory of their stocks.

HP to buy Palm in bet on smartphone arena

Hewlett-Packard Co announced a $1.2 billion deal to buy Palm Inc , betting it can resuscitate the struggling smartphone maker to compete with the likes of Apple Inc and RIM .

BofA names Holliday as chairman

Bank of America Corp named DuPont's long-time chief executive, Charles Holliday, as its chairman on Wednesday, hours after the largest U.S. consumer bank concluded its 2010 annual meeting.

U.S. deficit serious, action needed: policymakers

U.S. deficit woes are not as dire as the fiscal problems of Greece and other nations, but a quick, credible action plan is still needed to avoid a future crisis, economists and policymakers said on Wednesday.

Australian dollar outlook 29/4/2010

Australia: It was another choppy session for the AUD overnight after the US central bank left its interest rates at historical lows and Standard and Poor lowered its long-term credit rating for Spain

Republicans back down on financial reform

A three-day Senate standoff over efforts to overhaul financial regulation ended on Wednesday as Republicans dropped efforts to block a Democratic bill in exchange for a handful of concessions.

Daily forex forecast - 29/4/2010

Australian Dollar: The Australian Dollar opens at 0.9250 this morning higher against the Greenback after another night of volatile trade.

Many workers lack useful job feedback: survey

A majority of U.S. workers do not clearly understand how to help their companies' meet objectives and most say they don't get useful feedback from supervisors, according to research released on Wednesday.

Republicans to back down on financial reform

U.S. Senate Republicans on Wednesday were poised to clear the way for formal debate to begin on the most sweeping overhaul of financial regulation since the 1930s as they dropped efforts to block the bill.

Wall Street rises after Fed statement

U.S. stocks rose on Wednesday after the Federal Reserve pointed to signs of strength in the economy, comments that gave some relief to investors worried about possible debt defaults in Europe.

Wall Street gains as Fed offsets debt woes

U.S. stocks rose on Wednesday after the Federal Reserve pointed to signs of strength in the economy in comments that gave some relief to investors worried about debt defaults in Europe.

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