IBT Staff Reporter

105691-105720 (out of 154954)

Wall St lower on earnings, bank jitters

U.S. 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.

FDIC staff proposes tying bank fees to pay

U.S. banks with compensation plans that encourage risk-taking would have to pay more for deposit insurance under a plan floated by the staff of the Federal Deposit Insurance Corp on Tuesday.

Canadian dollar continues to drop on shaky economic outlook

The Canadian dollar is continuing to reverse the gains it made in the first week of 2010 against the dollar. The Canadian dollar rose from a low of 1.0576 on December 30 to a high of 1.0249 yesterday at 3 a.m. London time on rising stock and oil prices and prospects of a worldwide economic recovery.

Europe recruitment index flat in Dec - survey

Recruitment in Europe was unchanged in December compared to the preceding month as increased demand in the legal and public sector offset a fall in the production and construction sector, a survey showed on Tuesday.

Chipmakers battle over next wave of mobile devices

As tablets and e-readers vie to dominate the next generation of mobile Internet devices, another battle is raging in the chip market between Intel Corp, Qualcomm Inc, Nvidia Corp and Marvell Technology Group Ltd.

Pakistan seen becoming more Islamist, anti-U.S.

Pakistani society is likely to become more Islamist and increasingly anti-American in the coming years, complicating U.S. efforts to win its support against militant groups, a report released on Tuesday said.

North Korea digs in on U.S. peace talks demand

North Korea will not return to nuclear disarmament negotiations unless the United States agrees to peace treaty talks and lifts sanctions, a senior North Korean diplomat said on Tuesday, leaving little room for compromise.

Blair vowed military support if Iraq diplomacy failed

Prime Minister Tony Blair told U.S. President George W. Bush in 2002 that Britain would back military action if diplomatic efforts to disarm Iraq's Saddam Hussein failed, his former communications chief said on Tuesday.

Does junk food at non-food stores add pounds?

The study, of more than 1,000 non-food retail stores across the U.S., found that 41 percent sold candy, soft drinks, chips and other sweet and salty snacks. The foods were most commonly placed at check-out counters, where they were within arm's reach of impulsive buyers, the researchers report in the American Journal of Public Health.

Italy may suspend Berlusconi trials by decree

Italy's cabinet is mulling a decree that would suspend a number of trials, including those involving Prime Minister Silvio Berlusconi, in the run-up to regional elections in March, a senator from his party said on Tuesday.

U.S. makes progress in tobacco control, group says

The federal government earned a grade of A for giving the Food and Drug Administration power to regulate tobacco, including how companies market, manufacture and sell tobacco products, the advocacy group said in its annual report card on tobacco control.

Obama meets union leaders over healthcare concerns

The leader of the biggest U.S. labor federation warned President Barack Obama on Monday that failure to act quickly on unemployment would be suicidal and would put the Democrats' control of Congress at risk.

EU exec likely to sue Greece over statistics mess

The European Commission is likely to launch infringement proceedings against Greece for failing to provide reliable statistics on its budget deficit and debt, an EU source with knowledge of the proceedings said on Tuesday.

Trade gap balloons

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

RBS says investors fret over bonus clampdown

Royal Bank of Scotland said investors were concerned a clampdown on bonuses would hamper its ability to retain staff and warned parliamentarians the rescued bank could find itself prisoner to market rates.

Shanda Games buys U.S. firm to expand global presence

China's second-largest online game company Shanda Games made its first U.S. acquisition on Tuesday, buying online game firm Mochi Media for $80 million, to advance its global ambition and consolidate its position in an increasingly competitive Chinese market.

Google's investment arm to grow partner ranks

Google Inc's venture capital arm, Google Ventures, is bringing more partners onboard as the $100 million fund seeks to build upon the eight investments it has made in companies since its launch last spring.

China surprises with bank reserve hike, markets hit

China took its strongest step toward tightening monetary policy on Tuesday as the world's third-largest economy roars ahead, surprising investors with an increase in banks' required reserves that rocked global financial markets.

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