IBT Staff Reporter

98911-98940 (out of 154954)

Wall Street flat on data, but energy helps

U.S. stocks kept close to the break-even point on Wednesday after weak reports on the labor market and regional manufacturing were offset by strength in the energy sector.

USD/JPY Approaching 2010 Highs

The yen continues to weaken against its major counterparts, nearing its lowest levels against the US dollar in 2010. The 2010-high for the USD/JPY was made on January 8, when the pair reached 93.76. In trading today, the pair reached a high of 93.63, but has since fallen to the 93.40 level.

CERN tackles glitches, pushes new science frontier

Physicists at CERN, buoyed by their ground-breaking success in creating mini-Big Bangs, giving them a glimpse of the dawn of time, have set their sights on pushing closer to the very birth of the universe.

Wall St down as data disappoint

U.S. stocks fell on Wednesday as weaker jobs and regional manufacturing data dented hopes of improvements in the economy, and a rating downgrade of five Greek banks heightened worries about the euro zone economies.

Corrected: Wall St down as data disappoint

U.S. stocks fell on Wednesday as weaker jobs and regional manufacturing data dented hopes of improvements in the economy, and a rating downgrade of five Greek banks heightened worries about the euro zone economies.

EMI needs fresh cash as licensing talks collapse

Struggling music major EMI has failed to clinch a licensing deal for its North American rights, sources said, making a covenant breach inevitable and pushing its owner Terra Firma back to investors for more cash.

Irish banks look beyond bad bank, recession

Bank of Ireland will raise from private sources much of the 2.7 billion euros ($3.6 billion) it needs, potentially becoming the only member of Ireland's bad bank scheme to escape a fresh bailout.

Ford, Microsoft align to recharge cars

Ford Motor Co and Microsoft Corp on Wednesday announced an online application designed to help owners of Ford plug-in electric vehicles manage home electricity use while the vehicles recharge.

Boeing to take charge for healthcare reform

Boeing Co on Wednesday said it would take an income tax charge of about $150 million, or 20 cents per share, against first-quarter results due to recently enacted U.S. healthcare reform.

Rite Aid loss, forecast worse than expected

Rite Aid Corp posted a worse-than-expected quarterly loss on weak sales from a mild winter cold and flu season, and lower profits on generic drugs and reimbursement rates. It was the drugstore chain's 11th straight quarterly loss.

Bank of Ireland looks beyond bad bank

Bank of Ireland will raise from private sources much of the 2.7 billion euros ($3.6 billion) it needs, potentially becoming the only member of Ireland's bad bank scheme to escape a fresh bailout.

Wall St set for lower open after jobs report

Wall Street was poised for a lower open on Wednesday after a report on private-sector employment in March dented hopes of a stronger economic recovery in the United States, and a rating downgrade of Greek banks heightened concerns about the debt-laden country.

Home loan demand up as purchase activity gains

U.S. mortgage applications rose in the latest week for the first time in three weeks as demand for home purchase loans reached the highest level since October, data from an industry group showed on Wednesday.

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