IBT Staff Reporter

105661-105690 (out of 154954)

FDIC floats plan to tie bank pay to fee levels

U.S. banks whose compensation plans encourage excessive risk-taking would have to pay more for deposit insurance under a proposal floated by the Federal Deposit Insurance Corp on Tuesday.

U.S. trade gap widens in November on import jump

The U.S. trade deficit ballooned in November, as the price of imported oil jumped more than $5 per barrel and revived consumer and manufacturer demand pushed imports to their highest in nearly a year.

Wall St must pay mad scientists well: lobbyist

Some Wall Street executives in line for fat bonuses are akin to mad scientists whose brilliance justifies the size of their pay packages, the head of the U.S. Chamber of Commerce said on Tuesday.

SEC sues Bank of America again, on Merrill losses

The Securities and Exchange Commission sued Bank of America Corp for a second time over its takeover of Merrill Lynch & Co, accusing the bank of failing to disclose huge losses at Merrill before shareholders voted on the merger.

Calls grow for inquiry into Fed role in AIG issue

Calls for an inquiry into whether the New York Federal Reserve improperly urged insurer AIG to limit discussions of payments to banks grew on Tuesday as a senior lawmaker issued a subpoena for fuller disclosure.

Senator urges SEC probe NY Fed over AIG emails

U.S. regulators should investigate whether laws were violated when the New York Federal Reserve Bank under Timothy Geithner urged insurer AIG to limit discussions about payments to banks, a Republican lawmaker said on Tuesday.

Detroit auto show brings optimism and caution

U.S. automakers and officials at the Detroit auto show struck an optimistic yet cautious tone on Monday as they sought to put a toxic year of slumping sales and massive government aid behind.

Hitachi develops battery for plug-in hybrid cars

Japan's Hitachi Ltd said it has developed lithium-ion batteries for plug-in hybrid vehicles and plans to start commercial production by 2013, aiming to take a slice of a market with strong growth potential.

U.S. job hiring picks up in November

More U.S. business hired people in November, but workers had limited choices as the number of jobs open fell despite an economy inching forward, government data showed on Tuesday.

Italy's solar power capacity rises to 796 MW -GSE

Italy's total capacity of the photovoltaic (PV) installations that turn sunlight into power has risen to 795.6 megawatts from 700 MW at the end of November, the state energy management agency GSE's data showed on Tuesday.

Cadbury CEO has investor support to reject Kraft

Bid-target Cadbury Plc stressed on Tuesday it had good support from its shareholders in repelling the hostile bid from Kraft Foods and should be able to deliver on its financial targets for 2010.

Sino-Forest buys Chinese wood products co for $7.1 mln

Sino-Forest Corp on Tuesday said it acquired Homix Ltd, a Chinese company engaged in research and development and manufacturing of wood products, for about $7.1 million, sending the forest operator's shares to a two-year high.

Retailers see innovation, speed as keys to growth

Retailers are using a host of strategies in adapting to the downturn -- from improving their products to expanding their e-commerce businesses -- which they hope will better position themselves for a rebound in the economy.

Cadbury rejects Kraft, reports robust trading

Cadbury made its final case against Kraft Foods' hostile takeover offer, delivering higher margins and promising a raised dividend, but the U.S. food group was still expected to succeed by slightly improving its offer.

Wall Street lower on earnings and bank jitters

Stocks fell on Tuesday, halting a six-day streak of gains, after weaker-than-expected results from Alcoa Inc and on concerns banks could face fees from the government to recoup losses tied to bailouts.

KB Home posts profit, but orders disappoint

KB Home posted its first profit in almost three years on Tuesday, beating Wall Street estimates, but its shares fell as orders for its new line of smaller, cheaper houses came in lower than expected.

Small is beautiful for buyout returns

Mega buyout funds have been a bad bet over the past year, generating the worst returns when compared with small and mid-market funds, a study by research firm Preqin said on Tuesday.

GM Europe CEO sees drop in 2010 sales

GM Europe's GM.UL Vauxhall and Opel car sales may fall as much as 5 percent in 2010, as tentative signs of economic recovery are offset by the end of scrapping incentive schemes, its CEO said on Tuesday.

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