IBT Staff Reporter

97141-97170 (out of 154954)

Dow cuts gains as banks drag; S&P, Nasdaq off

The Dow industrials briefly turned negative in late afternoon trading on Monday and the S&P 500 extended losses as bank shares continued to slide, weighed by the uncertainty surrounding a financial regulation proposal.

U.S. bank leader sees new rules passing

Republicans will eventually vote for financial reform, paving the way for the completion this year of a massive rewrite of rules for banks and financial markets, the head of the American Bankers Association said on Monday.

Google smartphone coming to stores, no Verizon

Google Inc's Nexus One smartphone will be sold in Vodafone retail stores in Britain at the end of the month and the company said there are no longer plans to offer a version of the phone that uses the Verizon Wireless network in the United States.

Home vacancy rate falls to 2.6 percent

The share of empty U.S. homes fell slightly in the first quarter, a government report on Monday showed, though vacancies remained at elevated levels amid continued weakness in the housing sector.

Pay czar sees signs Wall Street changing pay habit

Pay czar Kenneth Feinberg sees early signs some Wall Street firms are voluntarily toughening up on the way they pay executives, but he cautions it remains to be seen whether such behavior becomes permanent.

Bank leader sees financial reform passing

Republicans will eventually vote for financial reform, paving the way for the completion this year of a massive rewrite of rules for banks and financial markets, the head of the American Bankers Association said on Monday.

Derivatives differences trigger alarm bells

Differences over how Europe and the United States plan to regulate derivatives is muddying the picture for buyers, who could be saddled with higher costs, a top industry official told the Reuters Global Financial Regulation Summit.

Magna wins Volkswagen supply contracts

Canadian auto parts maker Magna International said on Monday it has won contracts to supply a variety of components and systems for Volkswagen Group of America's new mid-sized sedan, expected to hit the U.S. market in 2011.

Financial reform nears test in Senate

The most sweeping overhaul of financial regulation since the Great Depression was on track to fail its first procedural test on Monday in the Senate, where Republicans vowed to block the Democratic bill.

Harm reduction needed to cut drug-user AIDS risk

(Reuters) - Barely a twentieth of the estimated $3.2 billion needed is put into preventing drug users spreading the AIDS virus, experts said on Monday, and the shortfall is fuelling HIV epidemics in parts of Europe and Asia.

Competition gives TomTom new route to revenue

AMSTERDAM, April 26 - Dutch navigation device maker TomTom is turning competitive pressure to its advantage, selling content and services to the very same mobile phone providers which are eating into its traditional market for satnav devices.

Caterpillar beats and raises outlook

Caterpillar Inc reported a stronger-than-expected quarterly profit on Monday and raised its full-year sales forecast above Wall Street estimates, citing an improving global economy, especially in Asia and Latin America.

Whirlpool sees strong 2010; shares soar

Whirlpool Corp's quarterly profit and full year forecast surpassed Wall Street estimates, helped by sales in Brazil, Asia and North America, sending shares in the world's largest appliance maker up 14 percent.

Germany wants Greek aid ready by May 19

Germany called on Monday for a financial rescue to be ready for Greece by a May 19 debt deadline after uncertainty over the terms and implementation of the aid package pushed Athens' borrowing costs up to a 12-year high.

Caterpillar beats forecasts, raises outlook

Caterpillar Inc , the world's largest maker of earth-moving equipment, reported stronger-than-expected quarterly profit on Monday and raised its full-year forecast, saying economic conditions are definitely improving, especially in Asia and Latin America.

Pages