IBT Staff Reporter

98821-98850 (out of 154954)

Business loan demand drops, defaults rise

Small and medium-sized business borrowers in the United States showed signs of continued stress in February as the percentage of loans in default stayed at a two-year high, PayNet Inc reported on Thursday.

IMF, ratings agencies praise Irish bad bank launch

Ireland's extensive support for its banks has been vital to maintaining financial stability, the International Monetary Fund said on Thursday, as ratings agencies praised decisions taken by the country's bad bank this week.

Hedge fund managers set new payout records in 2009

Seven of the world's top hedge fund managers earned 10-figure paychecks and one set a record for the highest-ever payout last year due to a stock market rally that pushed returns to their highest levels in a decade.

Women and finance

When was the last time you had a frank discussion about money with your friends? How aggressively did you negotiate your salary last time you got a new job or had a good review?

Reviews praise iPad battery life, ease of use

Apple Inc's iPad scored very well on ease of use and battery life in its first reviews, but it will not obliterate the laptop computer market just yet, according to the New York Times and Wall Street Journal.

GM March sales jump, industry seen up sharply

General Motors posted a 43 percent jump in U.S. sales for March from a year earlier in its continuing brands, the first of expected sharp gains by automakers driven by incentives and better weather.

Manufacturing sector expands in March

The U.S. manufacturing sector expanded in March at its fastest pace in more than five years, marking the eighth straight month of growth, according to an industry report released on Thursday.

Jobless claims fall by 6,000 last week

The number of U.S. workers filing new claims for jobless benefits fell as expected last week and a measure of underlying job market trends hit a 1-1/2 year low, strengthening views the labor market was close to turning.

Which broker? The temptations of a fund manager

Fund group Gartmore's suspension of a top hedge fund manager on suspicion of directing trades to favored brokers shines a light on a murky business where tales of lavish hospitality, nepotism and kickbacks abound. On Tuesday, Gartmore said it had suspended Guillaume Rambourg pending the outcome of an internal investigation into whether he had breached internal procedures on directing trades.

Wall St gains after jobless claims, factory data

Stocks rose on Thursday as positive jobs and manufacturing data fueled optimism that a sustained recovery was on track, prompting investors to snap up riskier assets like equities and commodities.

Factories crank up output as demand rises

Factories in the United States, Europe and Asia cranked up production last month, suggesting recovery from a deep recession was taking root in economies around the globe.

Jobless claims fall 6,000 last week

The number of U.S. workers filing new claims for jobless benefits fell as expected last week and a measure of underlying job market trends hit a 1-1/2 year low, strengthening views the labor market was close to turning.

Jobless claims fall, March manufacturing surges

The number of U.S. workers filing new claims for jobless aid fell last week and factory activity in March hit its highest level in more than 5-1/2 years, pointing to a continued expansion in the economy.

Obama puts forward plan for offshore drilling

In a bid to corner more profits for cash-scarce oil companies, the US president Barack Obama has today announced that his administration would consider offshore drilling in the mid and south Atlantic and in the Gulf of Mexico. The move is expected to help increase employment and ease gas prices in the country. However, Obama, who needs bipartisan support to pass a bill that would set limits on US greenhouse gas emissions, cautioned that expanding drilling was not a catch-all answer to US energy ...

Pakistan hikes fuel prices again

Pakistan has increased fuel prices again with effect from April 1. Country's Oil and Gas Regulatory Authority (OGRA) announced the new petroleum product prices with Pak Rs 2.57 per litre increase in petrol price, Pak Rs 1.50 per litre increase in HOBC, Pak Rs 2.73 per litre increase in light diesel and Pak Rs 3.31 per litre increase in kerosene oil from April 1.

No boom, only doom awaits gold!

A few months ago I had written about the gold's love for tragedies. Gold always thrived on disasters like recession and rising inflation rates. So when the world is looking rosy and there are no immediate financial dangers lurking in the backyard of countries, what will the much-sought-after yellow metal do? If you want to know this, just have a look at the movements of gold prices in the recent past when World Bank and International Monetary Fund predicted that the global economy is back on tra...

New jobless claims fall 6,000 last week

The number of U.S. workers filing new applications for unemployment insurance fell as expected last week and a measure of underlying labor market trends hit a 1-1/2 year low, a government report showed on Thursday.

Democrats lie low after healthcare victory

(Reuters) - The week after passing landmark healthcare reform and handing President Barack Obama an important victory, members of the U.S. Congress returned to their home districts for a recess to face constituents and justify their votes after the bruising legislative battle.

Gene mutation may be key to schizophrenia: study

(Reuters) - A genetic mutation linked to schizophrenia appears to rupture communication between the two areas of the brain believed to be responsible for memory and may be an underlying cause of the brain disorder, U.S. researchers suggested in a study published on Wednesday.

Study links chemical exposure to breast cancer

(Reuters) - Exposure to certain chemicals and pollutants before a woman reaches her mid-30s could treble her risk of developing breast cancer after the menopause, Canadian scientists said on Thursday.

Bombardier profit misses Street view

Canadian planemaker Bombardier Inc reported a fourth-quarter profit that missed Wall Street expectations by a cent, hurt by lower selling prices for business jets, and said it expects to deliver less of its aircraft in 2011.

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