IBT Staff Reporter

111961-111990 (out of 154976) Our writers adhere to IBT's Editorial Guidelines.

BofA knew of Merrill pain in November: House panel

A congressional panel accused Bank of America Corp on Tuesday of knowing about Merrill Lynch's huge losses as early as November 2008, suggesting the bank misled investors in saying it did not grasp the depth of the problems until the following month.

Nov 17, 2009

BlackBerry CEOs stick to strategy, dismiss analysts

Research In Motion's top executives say the BlackBerry will hold its ground in a fierce battle with Apple's iPhone and other rivals, even as a boom in smartphone sales shakes up a market segment that their company once ruled.

Nov 17, 2009

Privacy forms set for easy-to-read makeover

Three years after Congress took action, financial companies are getting final rules for revealing what they do with their customers' personal information.

Nov 17, 2009

T-Mobile admits employee sold private data

A employee of mobile phone operator T-Mobile is facing prosecution after selling personal details of thousands of British customers to rival companies in an alleged major breach of data protection laws.

Nov 17, 2009

Citi boosts base salaries for some senior employees

Citigroup Inc said on Tuesday it boosted the base salaries for its chief financial officer and a global markets co-head, but has left Chief Executive Vikram Pandit's salary unchanged.

Nov 17, 2009

Fed's Lacker: Weak patches can't derail exit

A senior Federal Reserve official said on Tuesday that the U.S. central bank must remain vigilant about keeping inflation in check and not let patchy economic weakness deter it from beginning to withdraw extraordinary levels of support.

Nov 17, 2009

Qualcomm CEO pins hopes on China,

Qualcomm, the world's biggest chip maker, said on Tuesday that it expects to sell its TD-SCDMA chips in mainland China within the next year.

Nov 17, 2009

Fed cuts maturity on discount window loans

The U.S. Federal Reserve on Tuesday said it was reducing the maximum maturity of loans from its discount window to 28 days from 90 days in light of the improvement in financial market conditions.

Nov 17, 2009

Arrow Electronics to buy specialty wire firm A.E. Petsche

Arrow Electronics, an electronic parts and computer products distributor, said it agreed to buy A.E. Petsche Co, an Arlington, Texas-based supplier of specialty wire and cable, to boost its presence in the aerospace and defense markets.

Nov 17, 2009

Wall Street flat as retailers' views spark caution

U.S. stocks were little changed on Tuesday as outlooks from Target and Home Depot sparked caution about holiday spending, offsetting upbeat broker views on Microsoft and Exxon Mobil .

Nov 17, 2009

GM says 10,000 jobs could go in European shake-up

U.S. carmaker General Motors could cut between 9,000 and 10,000 jobs as part of its restructuring of its European operations, Nick Reilly, interim head of GM's European business, said on Tuesday.

Nov 17, 2009

Congressmen oppose making Fed super-regulator

Congress ought to clarify if a proposed super-regulator of the U.S. financial system should be an overlapping overseer of securities and futures exchanges, the chief futures regulator said on Tuesday.

Nov 17, 2009

GM says up to 10,000 jobs may go in Europe shake-up

U.S. carmaker General Motors could cut between 9,000 and 10,000 jobs as part of a restructuring of its European operations, Nick Reilly, interim head of GM's European business, said on Tuesday.

Nov 17, 2009

Home Depot cautious despite profit beat, stock off

Top home improvement chain Home Depot Inc reported quarterly results that beat analysts' estimates, but made a forecast that suggested weaker results at the end of the year and said a recovery might not take hold until the second half of 2010.

Nov 17, 2009

Microsoft to launch Azure cloud service early next year

Microsoft Corp said on Tuesday it will launch its long-awaited Windows Azure cloud computing system on Jan 1, as it looks to take advantage of the growing interest in internet-based software and services.

Nov 17, 2009

Lazard names Kenneth Jacobs as CEO

Lazard Ltd on Tuesday named insider Kenneth Jacobs as CEO and chairman, succeeding legendary Wall Street dealmaker Bruce Wasserstein, who died last month.

Nov 17, 2009

Stocks slip on cautious holiday outlook

U.S. stocks fell on Tuesday after discount retailer Target gave a cautious holiday season outlook, but positive brokerage comments on tech bellwether Microsoft helped limit losses.

Nov 17, 2009

Swiss suspect serious fraud among UBS clients

Most of the thousands of rich people whose UBS bank accounts are to be handed over to U.S. authorities are suspected of serious fraud rather than simple tax evasion, Swiss authorities revealed on Tuesday.

Nov 17, 2009

Microsoft to launch Azure cloud service Jan 1

Nov 17, 2009

Home builder sentiment steady in November

U.S. home builder sentiment held steady at a low level in November, according to a survey taken before the government extended a popular tax credit for first-time buyers.

Nov 17, 2009

U.S. labor group unveils plan to tackle joblessness

The head of the largest U.S. labor federation urged President Barack Obama on Tuesday to use the $700 billion Wall Street bailout fund to help cash-starved small businesses as a way to stem rising joblessness.

Nov 17, 2009

U.S. home builder sentiment steady in November

U.S. home builder sentiment held steady at a low level in November, according to a survey taken before the government extended a popular tax credit for first-time buyers.

Nov 17, 2009

Fed tightens: Reduces length of primary credit loans from 90 to 28 days

The Federal Reserve is reducing the maximum maturity of primary credit loans at the discount window for depository institutions to 28 days from 90 days, effective January 14, 2010.

Nov 17, 2009

U.S. net overall capital inflows surge in September

Foreign demand for U.S. securities soared in September, the Treasury Department said on Tuesday, as investors grew more confident about a recovery in the world's largest economy.

Nov 17, 2009

YouTube launches channel for citizen journalists

LOS ANGELES - Celebrities beware: YouTube is making it even easier for anyone with a camera phone to turn your behavior -- be it mundane or sensational -- into news.

Nov 17, 2009

EU regulators may take speedy action on dark pools

European Union securities regulators will complete their review of dark pool share trading venues by year end and may ask the bloc's executive to take speedy action, a top supervisor said on Tuesday.

Nov 17, 2009

U.S. offshore tax amnesty yields big response: IRS

Some 14,700 rich Americans worried about a U.S. government crackdown on offshore tax cheats came forward to participate in a tax amnesty program, the top U.S. tax official said on Tuesday.

Nov 17, 2009

Chevron CFO says has no interest in small M&A

Chevron Corp, the second-largest U.S. oil company, would only seek mergers and acquisitions that add scale and fit strategically with the rest of the company, its chief financial officer said on Tuesday.

Nov 17, 2009

France's AXA, AMP poised to sweeten bid for AXA Asia

French insurer AXA SA and Australia's AMP Ltd need to sweeten their bid for AXA Asia Pacific Holdings by about 10 percent to seal the proposed $11 billion deal, analysts and fund managers say.

Nov 17, 2009

Ferrero link seen viable defense for Cadbury v Kraft

Britain's Cadbury may team up with Italian chocolatier Ferrero to see off a hostile bid from U.S. group Kraft, an Italian newspaper reported on Tuesday, a combination that one analyst said made sense.

Nov 17, 2009