IBT Staff Reporter

118891-118920 (out of 154954)

U.S. banks report $5.2 billion in Q2 trading revenue

U.S. commercial banks reported a drop in trading revenues for the second quarter as earnings from interest products plunged, though revenues were boosted by improving credit markets, the Office of the Comptroller of the Currency said on Friday.

Twitter snags new investment, backers

Twitter closed a new round of funding on Friday with five investors including mutual fund giant T. Rowe Price and private equity firm Insight Venture Partners, underscoring growing investor interest in the three-year-old Internet microblogging service.

Honda unveils battery-powered unicycle

Honda Motor Co has unveiled an electric battery-powered personal transporter, a unicycle shaped like the number eight that riders steer by leaning in the direction they want to travel.

Fitch puts AIG leasing unit on negative watch

Fitch Ratings put AIG's aircraft leasing unit, International Lease Finance Corp. on negative rating watch on Friday, citing concerns whether the company could be sold in a way that would keep its ratings at investment grade level.

Fed's Warsh: Policy turn could be aggressive

A shift in the Federal Reserve's accommodative monetary policy will likely come before it is clearly necessary based on economic data and could be rapid, a top Fed policymaker said on Friday.

Wall St falls after data; RIM weighs on Nasdaq

U.S. stocks fell for a third straight session on Friday due to weaker-than-expected data on durable goods and home sales, while disappointing results from BlackBerry maker Research in Motion weighed on the Nasdaq.

Pay czar will not cap compensation, reveal names

President Barack Obama's pay czar said on Friday he will not cap compensation for the top employees at bailed-out companies, and will not reveal names, when he releases the first wave of decisions within a few weeks.

Western leaders warn Iran over nuclear site

U.S. President Barack Obama and the leaders of Britain and France accused Iran on Friday of building a secret nuclear fuel plant and threatened tough new sanctions unless Tehran comes clean about its nuclear program.

Unilever pays 1.3 billion euros for Sara Lee brands

Sara Lee Corp will sell its personal care brands like Sanex and Brylcreem for $1.87 billion (1.275 billion euros) to consumer goods giant Unilever and set a $1 billion share buyback plan, sending its stock up 6 percent.

New home sales rise 0.7 percent in August

Sales of newly built U.S. single-family homes rose to their highest level in nearly a year in August, according to government data on Friday that indicated the housing market was gradually recovering from a three-year slump.

One in five U.S. drivers admits to texting: survey

Nearly one out of five U.S. drivers surveyed has read or sent a text message while behind the wheel, even though nearly all of the respondents in an AAA survey released on Friday considered such action unacceptable.

Former Manson cult member Atkins dies in prison

Susan Atkins, one of the leading members of Charles Manson's notorious violent cult who carried out brutal murders at his behest in 1969, died in a California prison, her husband said on Friday. She was 61.

Susan Denise Atkins dies

Member of the Manson cult, Susan Atkins, died Thursday night at the Central California Women's facility at 61.

U.S. Senate panel backs health insurance requirement

A U.S. Senate panel considering a sweeping healthcare overhaul upheld a requirement on Thursday that individuals purchase health insurance and rejected a proposal that could have scuttled an $80 billion White House deal with drugmakers.

Early form of breast cancer may need new name

A common, nonmalignant tumor of the breast called ductal carcinoma in-situ or DCIS may need a name change because the word carcinoma scares so many women, a U.S. panel of experts said on Thursday.

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