IBT Staff Reporter

104551-104580 (out of 154954)

Apple profit, revenue surge

Apple Inc reported sharp gains in quarterly revenue and profit as the company moved to adopt new accounting standards for its iPhone.

Wall St climbs as Bernanke support firms

Stocks snapped a three-day slide on Monday as signs that Federal Reserve Chairman Ben Bernanke would win a Senate vote for a second term helped ease investors' concerns.

Schwab says breakaway broker trend has legs

Charles Schwab Corp added a record number of wealth adviser teams as clients last year, benefiting from a wave of breakaway brokers leaving traditional firms to launch their own shops.

GM's Whitacre to stay on as CEO; search dropped

General Motors Co Chairman Ed Whitacre said on Monday he would stay on as chief executive indefinitely, ending an eight-week search for his successor in a move intended to bring stability to the automaker's turnaround plans.

Droid to help Verizon narrow gap with AT&T

Verizon Wireless is expected to have caught up a little with AT&T Inc in the race for new wireless subscribers, as momentum built behind Motorola Inc's Droid smartphone in the fourth quarter.

Bernanke, basic materials lift Wall Street

A broad-based stocks advance drove the S&P 500 up 1 percent on Monday as signs that Federal Reserve Chairman Ben Bernanke would win a U.S. Senate vote for a second term relieved the market of some of the uncertainty that contributed to last week's decline.

Dell Canada loses appeal against class action suit

A Canadian court has dismissed attempts by Dell Canada Inc to stop a class action lawsuit dating back to 2007 involving 119,000 claims of faulty laptops, the law firm representing the action said on Monday.

Stocks climbs as Bernanke approval firms

U.S. stocks moved higher on Monday as signs that Fed Chairman Ben Bernanke would win a U.S. Senate vote for a second term helped lift shares beaten down in last week's sell-off, such as technology stocks.

Feisty Obama: I won't stop fighting for you

I won't stop fighting for you, he thundered in a campaign-style speech in economically sagging northeastern Ohio, remarks that provided a likely preview of the themes in his first State of the Union speech next Wednesday.

Cayman Islands may be Wall St's scapegoat: economist

The Cayman Islands and other offshore money centers could become scapegoats unless regulation is stepped up on Wall Street's biggest banks to avert another potential financial crisis, a former IMF chief economist warned.

US conditionally OKs Ticketmaster, Live Nation deal

Ticketing giant Ticketmaster Entertainment and concert promoter Live Nation won U.S. antitrust approval to merge on the condition that Ticketmaster divests certain assets and license its primary ticketing software, the Justice Department said on Monday.

DEALTALK-With AIG, US taxpayers in for long wait

AIG's talks to sell its foreign life insurance business offer hope that U.S. taxpayers might recoup their investment in the bailed-out insurer, but it is far from getting off federal life support.

GM says in talks with Spyker, no Saab deal

General Motors Co has held advanced talks with Spyker Cars for the sale of its Swedish brand Saab but is proceeding with plans to wind down the unit, GM Chief Executive Ed Whitacre said on Monday.

UBS appoints Shear, Hoornweg for securities roles

Carsten Kengeter, co-chief executive of UBS Investment Bank, is stepping back from his additional role as joint head of fixed income, currencies and commodities , following two high profile appointments in the securities business. UBS appointed Neal Shear, 55, as head of global securities on Monday and named Roberto Hoornweg, 41, as global head of securities distribution, as it loo...

China steps up defense of Internet controls

China widened its attack against U.S. criticisms of Internet censorship on Monday, raising the stakes in a dispute that has put Google in the middle of a political quarrel between the two global powers.

EU probes BHP, Rio iron JV for competition impact

EU regulators launched an investigation into whether a planned $116 billion iron ore production joint venture between BHP Billiton and Rio Tinto, criticised by steelmakers, will curb competition. Rio, the world's second-largest iron ore producer, and BHP, the third-largest, said they would keep their marketing separate to try to ease regulatory concerns when they unveiled the agreement to combine their Western Australian iron ore operations in December.

Bernanke's prospects brighten; vote seen this week

U.S. lawmakers looked likely to grudgingly approve Ben Bernanke to a second term as Federal Reserve chairman this week after the White House stepped in to defend his crisis-fighting record and rally votes.

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