IBT Staff Reporter

113341-113370 (out of 154953)

AIG posts second consecutive quarterly profit

American International Group Inc , the insurer bailed out by the U.S. government, posted its second straight quarterly profit on Friday, helped by recovery in the value of its investments.

G20 to stay the course on economic stimulus

The Group of 20 leading nations will agree this weekend it is too early to pull the plug on emergency support for the global economy and launch a new system of checks to help rebalance world growth and prevent future crises.

Calpers knew in 2003 about forex trading hits: report

California Public Employees' Retirement System, knew it was paying uncompetitive rates on foreign-exchange trades as early as 2003, the Wall Street Journal said, citing a consultant who advised the largest U.S. public pension fund.

G20 finmins to pledge stimulus stays, look at growth

The Group of 20 leading nations will agree this weekend it is too early to pull the plug on emergency support for the global economy and launch a new system of checks to help rebalance world growth and prevent future crises.

Stocks, commods gain ground, payrolls eyed

Global stocks and commodities gained on Friday, buoyed by firm U.S. data the previous session, lifting risk appetite ahead of hotly anticipated jobs data which will give more evidence on the state of the global economy.

Stock futures mixed ahead of payroll figures

U.S. stock index futures pointed to a mixed open on Wall Street on Friday as investors braced for the all-important monthly payrolls figures and unemployment rate, due at 8:30 a.m. EST.

RBS's Q3 loss halves but more bad debts to come

Royal Bank of Scotland more than halved its operating losses to 1.5 billion pounds ($2.5 billion) in the third quarter as impairments fell, but less favorable trading battered investment banking profits.

UK's Mandelson says GM decision benefits taxpayers

U.S. carmaker General Motors' decision to keep its European unit Opel will benefit European taxpayers, especially in Britain, Germany and Spain, British Business Secretary Peter Mandelson said on Thursday.

Suncor Q3 profit falls on lower oil, gas prices

Suncor Energy Inc's third-quarter operating profit fell 64 percent as oil and gas prices sank in its first quarterly reporting period including results from Petro-Canada assets it acquired in August.

China bureaucratic war over online Warcraft heats up

China's Culture Ministry has accused the publishing watchdog of abusing its authority by threatening access to the popular online game, World of Warcraft, stoking bureaucratic rivalry over control of the Internet.

BofA's consumer bank chief eyes CEO job

Bank of America's consumer banking chief, tipped to be a leading candidate to replace outgoing chief executive Kenneth Lewis, said he is keen to step into the top job but will stay on if he misses out, addressing one of Wall Street's most talked-about issues.

Korea Life may raise around $2 bln in IPO-sources

Korea Life Insurance Co., the country's No. 2 life insurer, may raise around $2 billion through its public offering, sources with direct knowledge of the matter said, in what would be Korea's largest IPO since 2006.

Citi to raise up to $100 mln in Primerica IPO

Citigroup Inc said on Thursday it plans to raise up to $100 million through selling shares of its Primerica Inc life insurance unit, as the financial colossus looks to shed assets outside its main banking business.

Japan's Elpida to outsource chips to Taiwan ProMOS

Japanese chip maker Elpida said it will outsource production of advanced PC memory chips to Taiwan's ProMOS, a move aimed at locking in production capacity in Taiwan, cutting costs, and putting it on stronger competitive footing against its big South Korean rivals.

Asia stocks, oil advance before U.S. job numbers

Asian stocks rose ahead of the latest U.S. payrolls report on Friday, expected to show the fewest job losses since August 2008, while oil prices recovered to $80 a barrel after a sharp drop on high U.S. fuel inventories.

Sumitomo Trust, Chuo Mitsui say to merge

Sumitomo Trust and Banking Co Ltd and Chuo Mitsui Trust Holdings Inc said they plan to merge, creating Japan's largest trust bank with scale to better compete in a crowded asset management industry.

NEC plans $1.5 bln share sale after losses

NEC Corp, Japan's biggest PC maker, plans to raise 133.9 billion yen ($1.5 billion) via a share issue to help restore its battered capital base as it scrambles to cut costs in search of growth.

Why are people buying the Motorola Droid?

Verizon's Motorola Droid - the rumored iPhone Killer - goes on sale across the country today, with thousands of customers ready to get their hands on the new Google Android handset.

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