More From IBT Staff Reporter
Japan's freeze on supercomputers marks end of era
Japan may freeze spending on supercomputers, dealing a blow to a crippled sector and threatening brain drain in a country that prides itself on technological prowess.
Nov 13, 2009
Union and grocers in pact; Arizona strike averted
Arizona union workers have reached a tentative agreement with grocers Kroger Co and Safeway Inc, averting a potential strike that had been scheduled to begin on Friday.
Nov 13, 2009
Antivirals key to preventing severe H1N1 disease: WHO
Antiviral medicines can prevent severe H1N1 flu and should be given to pregnant women, very young children and people with underlying medical problems who fall ill, a World Health Organisation official said on Thursday.
Nov 13, 2009
Serbia buys 3 mln new flu vaccines from Novartis
Serbia on Friday signed a contract for the purchase of 3 million doses of new flu vaccinces from Swiss Novartis AG, two days after the authorities declared epidemics of the disease.
Nov 13, 2009
Swedbank ups share capital of its Estonian unit
Swedbank has boosted the reserves of its Estonian unit to cover investments made in its branches in the struggling Baltic economies of Latvia and Lithuania, the Swedish bank said on Friday.
Nov 13, 2009
Irish bad bank to start transfers from January
Ireland's 54 billion euro bad bank will start transferring the biggest commercial property loans from banks from January onwards, Finance Minister Brian Lenihan said on Friday.
Nov 13, 2009
U.S. stop-smoking efforts stalled, report shows
Efforts to help smokers kick the habit have stalled in the United States, with hardly any recent change in smoking rates, federal researchers reported on Thursday.
Nov 13, 2009
U.S., Japan vow to revitalize strained ties
U.S. President Barack Obama and Japan's new prime minister, Yukio Hatoyama, pledged on Friday to revitalize their strained security alliance as they adapt to a rising China, set to overtake Japan as the world's No.2 economy.
Nov 13, 2009
Stocks set to open higher on earnings, dollar drop
Wall Street was set for a higher open on Friday after solid earnings from Walt Disney Co and JC Penney Co Inc, following the first losing day in seven sessions for blue chips.
Nov 13, 2009
RPT-UPDATE 1-Total admits safety breaches in fuel depot bla
French oil major Total (TOTF.PA) has admitted safety breaches and to polluting ground water, in connection with an explosion at a fuel depot in England in 2005.
Nov 13, 2009
Farms on the radar at Copenhagen climate talks
U.N. negotiators will next month put farming onto the radar of climate regulations for the first time, but governments face aggressive lobbies and gaps in the science proving the extent of agricultural emissions.
Nov 13, 2009
U.S., Japan to expand cooperation in clean energy
The United States and Japan said they had agreed at a summit on Friday to expand cooperation in clean energy technologies in an effort to tackle climate change.
Nov 13, 2009
EU nears deal on buildings eco-standards
New energy economy standards could kick in for all new public buildings in the European Union from 2018, and for all new homes and offices from 2020, a source close to the EU negotiations said on Friday.
Nov 13, 2009
FACTBOX: Plans to control carbon emissions from farming
U.N. negotiators will next month put farming onto the radar of climate regulations for the first time, but governments face aggressive lobbies and gaps in the science proving the extent of agricultural emissions.
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Nov 13, 2009
Philippines to remove fuel price cap on Monday
The Philippines will lift a three-week long cap on fuel prices on its main island of Luzon on Monday, President Gloria Macapagal Arroyo said, responding to a clamour from oil firms. Subject to compliance to all agreements, we can now lift EO (Executive Order) 839, Arroyo told representatives of oil companies on Friday.
Nov 13, 2009
Shell sees rise in Nigeria oil theft
Suspected oil thieves in Nigeria have increased their attacks on Royal Dutch Shell-operated oil facilities, the company said on Friday, reporting five separate incidents already in the last three months.
Nov 13, 2009
Suncor budgets C$5.5 bln for 2010
Suncor Energy Inc, Canada's biggest oil company, said on Friday it is budgeting C$5.5 billion ($5.23 billion) for capital spending in 2010 and will restart construction on its Firebag Stage 3 oil sands project.
Nov 13, 2009
Croat INA to complete refineries overhaul in 2012
Croatia's oil group INA, in which Hungary's MOL is the largest shareholder, plans to complete the modernisation of its two refineries at the end of 2012, the company said on Friday.
Nov 13, 2009
Stock futures gain on Disney results; consumer data ahead
U.S. stock index futures rose on Friday after solid earnings from Walt Disney Co and JC Penney Co Inc, following the first losing day in seven sessions for blue chips.
Nov 13, 2009
Euro zone Q3 recession exit less robust than thought
The euro zone economy jumped out of recession in the third quarter, data showed on Friday, but with slightly less spring than expected after growth in the area's top three economies fell short of market forecasts.
Nov 13, 2009
Create the look and increase screening time
I am struggling with the design of my résumé. I'm trying to make it look a little different than the standard templates, but I'm scared it won't be well received if it looks too different. How do I know if what I want to do is okay and will support, not hurt, my chances of getting an interview?
Nov 13, 2009
GM still wants state aid for Opel restructuring
General Motors reiterated on Friday it wanted state aid to help restructure European arm Opel after Germany's economics minister said the carmaker would not ask European taxpayers for help.
Nov 13, 2009
JC Penney Q3 profit falls, shares up on forecast
Department store operator J.C. Penney Co Inc reported a lower quarterly profit on Friday but raised its forecast for the full year to a level that could top Wall Street expectations, sending shares up nearly 4 percent.
Nov 13, 2009
Dollar turns lower; euro zone GDP in focus
The dollar edged lower on Friday, paring some of the previous day's gains following a bout of profit-taking in perceived riskier currencies, with focus on the release of euro zone gross domestic product data.
Nov 13, 2009
Euro supported vs dollar after EZ GDP data
The dollar edged lower on Friday, paring some of the previous day's gains, while the euro garnered support following the data that showed the euro zone economy had finally pulled out of recession in the third quarter.
Nov 13, 2009
Abercrombie & Fitch profit higher than expected
Abercrombie & Fitch posted a much better-than-expected quarterly profit on Friday, helped by cost cuts, and the retailer's shares rose more than 6 percent.
Nov 13, 2009
China says using safeguard measures is protectionism
China's Commerce Minister said on Friday that use of safeguard measures by a certain large country violates international pledges against protectionism.
Nov 13, 2009
Stock futures up ahead of earnings, data on consumers
U.S. stock index futures rose on Friday after a selloff in the previous session that halted a six-day Dow winning streak, as investors awaited a slew of earnings reports and data on consumer spending.
Nov 13, 2009
Obama faces strains in Japan, first stop in Asia
U.S. President Barack Obama headed into talks with Japanese Prime Minister Yukio Hatoyama on Friday in which he will likely try to smooth strained ties as the allies adjust to a rising China.
Nov 13, 2009
UPDATE 1-Euro zone Q3 recession exit less robust than thought
The euro zone economy jumped out of recession in the third quarter, data showed on Friday, but with slightly less spring than expected after growth in the area's top three economies fell short of market forecasts.
Nov 13, 2009
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