IBT Staff Reporter

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Lou Dobbs leaving CNN, does not reveal plans

CNN host Lou Dobbs, whose outspoken views on U.S. immigration have made him one of the most controversial figures on television, said on Wednesday he is leaving the 24-hour cable news network immediately because he wants a freer platform to state his opinion.
Nov 12, 2009

Record 20 animated films vie for Oscar

Oscar organizers on Wednesday said a record 20 animated films have been submitted for Academy Awards, from studio hits like Up and Cloudy with a Chance of Meatballs to independently made Mary and Max.
Nov 12, 2009

Ring in for BBC English lessons in Bangladesh

Bangladeshis seeking to learn English and better their job prospects abroad need not look further than their mobile phone, which will feature brief lessons conducted by the British Broadcasting Corporation (BBC)
Nov 12, 2009

Oil falls below $79; U.S. inventory in focus

Oil dipped below $79 a barrel on Thursday as an expected hike in U.S. crude stocks and a rise in the dollar from 15-month lows outweighed an IEA report that said global oil demand will return to growth this quarter.
Nov 12, 2009

US foreclosures slow a 3rd month; lull temporary

U.S. home foreclosure filings slowed in October for a third straight month, but rising unemployment will spur another record year of failing mortgages in 2010, real estate data company RealtyTrac said on Thursday.
Nov 12, 2009

New jobless claims fall for second week

The number of U.S. workers filing new claims for jobless insurance fell for the second week in a row and the four-week moving average of claims was the lowest in nearly a year, government data showed on Thursday, pointing to improvements in the labor market.
Nov 12, 2009

Twitter, Internet undermine Canada election rules

Twitter 1, Elections Canada 0.In this era of smartphones and the Internet, the federal elections agency is struggling to enforce a rule that bans the general broadcasting of voting results until all the polls have closed.
Nov 12, 2009

Kohl's profit beats Street, but outlook falls short

Department store operator Kohl's Corp reported a larger-than-expected quarterly profit on Thursday, but gave an outlook below Wall Street estimates for the period that includes the key holiday season.
Nov 12, 2009

US mortgage refinancing up but buying demand sinks

Refinancing drove total U.S. mortgage applications higher last week as fixed borrowing costs fell further below 5 percent, but home purchase demand sank to a nine-year low, an industry group said on Thursday.
Nov 12, 2009

HP to buy 3Com for $3.1 billion

Hewlett-Packard Co is making a move into the network equipment market by striking a $3.1 billion deal for 3Com Corp, in a major challenge to Cisco Systems Inc.
Nov 12, 2009

Stock futures down as Wal-Mart outlook weighs

U.S. stock index futures fell on Thursday as an earnings forecast from retail giant Wal-Mart Stores Inc sowed doubt about consumer spending for the rest of 2009, threatening to end a six-session rally for the Dow.
Nov 12, 2009

IMF economists review reserve currency alternatives

Policymakers should consider ways of shifting from a dollar-centric global monetary system to one with a wider range of reserve assets and some form of insurance that would reduce reserve accumulation, IMF economists say.
Nov 12, 2009

UPDATE 1-Lab Research Q3 loss widens

Canada's LAB Research Inc (LRI.TO) posted a wider quarterly loss, hurt by lower revenue at its Danish operations and higher administrative expenses.
Nov 12, 2009

Dollar edges higher, profit taking hits euro

The dollar edged lower on Thursday, struggling with growing calls for Asian currencies to trade more freely -- effectively appreciate -- but supported by profit-taking on recent gains in other currencies like the euro.
Nov 12, 2009

Brazil's Cemig may buy Coelce, Ampla-report

Cemig (CMIG4.SA)(CIG.N), the Brazilian power utility controlled by Minas Gerais state, may spend up to 3 billion reais ($1.7 billion) to buy control of rivals Coelce and Ampla, O Estado de S. Paulo newspaper reported on Thursday, citing people with knowledge of the situation.
Nov 12, 2009

Wal-Mart Q3 profit rises but Q4 view light

Wal-Mart Stores Inc reported a higher quarterly profit as the world's biggest retailer clamped down on inventory and controlled expenses, but forecast earnings for the current period that could miss current Wall Street estimates.
Nov 12, 2009

Wal-Mart profit rises but Q4 view light

Wal-Mart Stores Inc reported a higher quarterly profit as the world's biggest retailer clamped down on inventory and controlled expenses, but forecast earnings for the current period that could miss current Wall Street estimates.
Nov 12, 2009

BA, Iberia boards consider merger

The boards of British Airways and Spain's Iberia are holding separate board meetings to consider a merger to create the world's third largest airline by revenue, they said on Thursday.
Nov 12, 2009

Gold at new record on wobbly dollar, global stocks weak

Gold rose above $1,120 an ounce to a fresh record high on Thursday, the U.S. dollar hovered near 15-month lows while shares weakened, particularly in emerging markets. Gold prices pushed to the record high in part because of dollar weakness.
Nov 12, 2009

APEC ministers endorse market-oriented currencies

Asia-Pacific finance ministers endorsed market-oriented exchange rates on Thursday and said they would stick with economic stimulus plans until a sustained economic recovery was under way.
Nov 12, 2009

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