IBT Staff Reporter

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Limited sees October sales below expectations

Limited Brands Inc said on Monday that its third-quarter results should be better than its previous forecast, although its October sales are trending below earlier expectations.
Oct 26, 2009

U.S. seeks light sentence for UBS client in tax case

The U.S. government asked for a reduced sentence on Monday for a former American client of UBS AG who pleaded guilty to tax evasion but provided information leading to the indictment of a Swiss banker and a Zurich lawyer.
Oct 26, 2009

Ex-Bear Stearns man wins email ruling at U.S. trial

Former Bear Stearns hedge fund manager Matthew Tannin won a round during his trial in New York on fraud charges on Monday when a judge ruled the jury cannot see a personal email in which he wrote about his fears of a blow up risk for investors.
Oct 26, 2009

Cetip holders raise 881.4 mln reais in Brazil IPO

Shareholders of Brazil's Cetip raised 881.4 million reais ($508.01 million) in an initial public offering on Monday, underscoring a strong rebound in the country's capital markets and demand for emerging market stocks.
Oct 26, 2009

T-Mobile USA unveils no-contract option

T-Mobile USA has started offering new service plans including the option of signing up for unlimited services without committing to a long-term service contract as it looks to regain ground lost to rivals.
Oct 26, 2009

Daily Forex Commentary Oct 27

The Australian Dollar opens lower on Tuesday at 0.9140 as the recent positive sentiment towards high-yielding currencies evaporated overnight as stocks and commodities both declined.
Oct 26, 2009

Ex-Bear Stearns manager wins email ruling

Former Bear Stearns hedge fund manager Matthew Tannin won a round during his trial in New York on fraud charges on Monday when a judge ruled the jury cannot see a personal email in which he wrote about his fears of a blow up risk for investors.
Oct 26, 2009

Introduction To Candlestick Patterns

Why use Candlesticks?Provide traders with earlier indication of reversals: Candlestick charts are very effective in signaling potential reversals well before traditional bar or point charts and thus aid traders to time their entries and exits with better timing
Oct 26, 2009

Madonna launches Malawi school construction

Madonna launched the construction of a multi-million dollar girls' school she is building in Malawi on Monday and pledged to build similar schools in other countries if the project succeeds.
Oct 26, 2009

U2 took unforgettable trip to castle for '84 album

When U2 producer Danny Lanois and the band made The Unforgettable Fire in 1984, they recorded it at an Irish castle because they wanted a place with history, which Lanois said suited him just fine.
Oct 26, 2009

Jackson kids said to be in therapy after dad's death

Paris Jackson wears her father's shirts every day, but her brother Prince does not want to watch the King of Pop's DVDs. All three of Michael Jackson's kids are in therapy, La Toya Jackson has revealed.
Oct 26, 2009

Daily Forecast 27/10/2009

The Australian Dollar opens lower on Tuesday at 0.9140 as the recent positive sentiment towards high-yielding currencies evaporated overnight as stocks and commodities both declined. During Monday's domestic session the unit traded briefly beneath US92 cents as local equities began trade in the red. Australia's PPI (producer price index) at the final stage of production came in slightly below expectation at 0.1 per cent for the September quarter however the local unit was well supported and move...
Oct 26, 2009

Wall Street drops on home builder fears, financials

Stocks fell for a second straight session on Monday as investors ditched home builders and financials on fears that a federal home buyer tax credit might be phased out, while commodity shares succumbed to pressure from the higher U.S. dollar.
Oct 26, 2009

Baidu revenue outlook falls short, shares plunge

China's leading Internet search company Baidu Inc warned that the transition to a new advertising technology would crimp revenue in the current quarter, sending shares plunging 11 percent.
Oct 26, 2009

US STOCKS-Wall Street drops on home builder fears, financials

U.S. stocks fell for a second straight session on Monday as investors ditched home builders and financials on fears that a federal home buyer tax credit might be phased out, while commodity shares succumbed to pressure from the higher U.S. dollar.
Oct 26, 2009

Corning profit beats Street, sees strong TV demand

Corning Inc said on Monday it expects consumer appetite for flat-screen televisions to be robust through 2010, fueling demand for its specialty glass, and hopes that market prices will mark only mild declines.
Oct 26, 2009

Wall Street sinks on home builder worry, financials

U.S. stocks fell for a second straight session on Monday as investors ditched home builders and financials on fears that a federal home buyer tax credit might be phased out, while commodity shares succumbed to pressure from the higher U.S. dollar.
Oct 26, 2009

GM's CEO has very good outlook on Brazil: report

General Motors said Brazil's car market has a very good outlook and the automaker will reinvest profits from the country's unit locally, Chief Executive Fritz Henderson told newspaper O Estado de S. Paulo in an interview on Monday.
Oct 26, 2009

Michelin keeps cashflow target; Q3 sales solid

French tire manufacturer Michelin SA said it still aims to generate positive free cash flow in the second half as third-quarter sales fell 10.9 percent, narrowly beating forecasts.
Oct 26, 2009

Daily Wrap Up - Oct 26

Public Option Back in Senate Bill; Signs of End of Recession; Obama's TBTF Plan
Oct 26, 2009

Madoff friend drowned due to heart attack

Billionaire philanthropist Jeffry Picower accidentally drowned in his Florida swimming pool after suffering a heart attack, police investigating the death of the prominent Bernard Madoff investor said on Monday.
Oct 26, 2009

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