IBT Staff Reporter

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Daily Wrap Up - Oct 12 (Tech)

Investors are betting on Google Inc's third-quarter results this week to show a recovery in revenue growth, pushing shares of the leading Web search engine to a 12-month high on Monday.

FCC probes deeper into Google Voice

In response to a Federal Communications Commission letter prompted by an AT&T complaint, Google says limits on Google Voice calls are due to exorbitant rates.

Obama policies averted economic abyss: Summers

The Obama administration has helped pull the U.S. economy back from the abyss with aggressive efforts to spur growth and stabilize financial markets, a top White House adviser said on Monday.

Summers: Obama policies averted economic abyss

The Obama administration has helped pull the U.S. economy back from the abyss with aggressive efforts to spur growth and stabilize financial markets, a top White House adviser said on Monday.

Obama's climate-change hopes get a boost

Official Washington sounded more upbeat on Monday than it has for weeks in sizing up U.S. President Barack Obama's chances of progress on a climate-change bill in Congress this year.

Worst of the U.S. recession over: survey

The worst U.S. recession since the Great Depression has ended, but weak household spending as the labor market struggles to create jobs will slow the pace of the economy's recovery, according to a survey released on Monday.

U.S. Crude Outlook - Gains on economy likely limited

Gains in cash crudes due to economic factors early in the week are expected to be limited by continuing lower demand from refiners, who are still contending with reduced demand and seeing a weak outlook for the coming year.

Great places to run in Paris

People come to Paris to swoon under a scintillating Eiffel Tower, to see what all the Mona Lisa fuss is about, or to catch a peek of a real live gargoyle from a Notre Dame bell tower. The City of Lights is not, however, a popular destination for runners.

Oil jumps nearly 2 percent on optimism

Oil jumped nearly 2 percent on Monday on optimism about the pace of global economic recovery and as cold weather across the United States boosted fuel demand.

KB Home shares fall on SEC investigation

KB Home shares fell 6 percent Monday, the first trading day after the homebuilder said it was being investigated by the U.S. Securities and Exchange Commission over possible accounting and disclosure issues.

Citi fined $600,000 for lax trade monitoring

Citigroup Inc has been fined $600,000 by the Financial Industry Regulatory Authority for failing to police derivatives transactions, including those that helped foreign clients avoid taxes on dividends.

Up rises again overseas

Buoyed by a substantial first-place U.K. debut, the Pixar cartoon Up reclaimed the No. 1 spot on the foreign box office during the weekend.

Blue Source, Goldman in $12 million carbon deal

The president of carbon offset developer Blue Source said his company and Goldman Sachs Group have completed a transaction of carbon credits worth $12 million that he called the largest publicly announced U.S. offset deal.

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