IBT Staff Reporter

100711-100740 (out of 154954)

Deutsche Post sees profit rising

Deutsche Post DHL said a global economic recovery and cost cuts will help it boost its core profit this year, as it halted a slide in revenues last year and demand for air freight and mail started to improve.

China says committed to U.S. debt, wary on gold

China, the world's biggest holder of foreign exchange reserves, renewed its commitment to the U.S. Treasury market on Tuesday but said it would be wary of substantially boosting its gold holdings.

Cyber-bullying cases put heat on Google, Facebook

The Internet was built on freedom of expression. Society wants someone held accountable when that freedom is abused. And major Internet companies like Google and Facebook are finding themselves caught between those ideals.

Fairholme, Pershing to up General Growth investment

Fairholme Capital Management and Pershing Square, two key investors in General Growth Properties Inc , are teaming up to invest another $3.93 billion in the mall operator to help it emerge from bankruptcy, according to a person familiar with the matter.

Marriott plans to double European properties: report

Marriott International Inc plans to more than double the number of its properties in Europe in the next few years, with an announcement from the hotel company expected Tuesday, according to the Wall Street Journal.

Sony to start selling 3D TVs in Japan in June

Sony Corp said it will launch 3D televisions in Japan in June, entering an increasingly crowded field of competition for what many see as the next hot product in the electronics industry.

EADS defense knot to overshadow 2009 losses

Airbus parent EADS faces crucial decisions on its future as a global defense player even as it unveils 2009 losses for its share of an international bailout of its delayed A400M military transporter on Tuesday.

Northrop declines to bid for tanker work

Northrop Grumman Corp said it would not bid in the U.S. Air Force's multibillion-dollar aerial tanker competition after concluding the rules favored Boeing Co's smaller 767-based plane.

Google, Dish testing new TV search service: report

Google Inc and No. 2 U.S. satellite TV operator Dish Network Corp are jointly testing a television programing search service, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Iran parliament approves Ahmadinejad budget

Iran's parliament approved President Mahmoud Ahmadinejad's 2010/11 budget on Monday, state radio reported, but some lawmakers attacked the plan, saying planned cuts in subsidies could spark runaway inflation.

U.S. looks to software to help open 3 nations

U.S. officials said they were allowing U.S. technology companies to export chat and social media software to Iran, Sudan and Cuba, with the hope it will help their citizens communicate with the outside world.

Daily Forecast - 9/3/2010

The Aussie dollar began the week on a positive note rising in Asia amidst optimism of a global economic recovery and speculation Greece will be supported financially by other European nations.

MetLife seals Alico deal after two-year quest

MetLife Inc pursued AIG's foreign life insurance business for two years before finally clinching a $15.5 billion purchase that will give it beachheads in 47 nations from Peru to Bangladesh.

Northrop to skip tanker bid, EADS mulls going solo

Northrop Grumman Corp plans to announce on Monday that it will not compete for the U.S. Air Force's multibillion-dollar aerial tanker contract, forcing Airbus parent EADS to decide whether it will submit a solo bid, according to sources closely following the issue.

Italy court rejects Berlusconi govt ballot appeal

An Italian court refused on Monday to reinstate a candidate list for the Rome province presented by the ruling coalition for regional polls, in an unexpected blow to Prime Minister Silvio Berlusconi's election hopes.

Turnout for Iraq election solid at 62 pct

Turnout in Iraq's parliamentary election was 62 percent, higher than in last year's provincial ballot, despite attempts by Sunni Islamist insurgents to disrupt the vote with attacks that killed 39, officials said on Monday.

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