IBT Staff Reporter

119191-119220 (out of 154954)

Fed says U.S. recovery is underway

The Federal Reserve on Wednesday upgraded its assessment of the U.S. economy, saying growth had returned after a deep recession, while reiterating its promise to hold interest rates very low for a long time.

Sam's Club tightens electronics return policy

Wal-Mart Stores Inc's Sam's Club chain said on Wednesday that its U.S. warehouse clubs are now offering free technical support for consumer electronics, but it is toughening up its return policy for such items.

foresees 30 pct cost drop for F-35 fighter engine

United Technologies Corp expects to pare costs as much as 30 percent over time on the engine it is building for the world's biggest fighter aircraft program, the board chairman told Reuters Wednesday.

John Travolta testifies at Bahamas extortion trial

John Travolta frantically tried to save his son by performing mouth-to-mouth resuscitation, the actor told a Bahamian court on Wednesday in the trial of two people accused of attempting to extort $25 million from him.

20 Home Design Features That Send Buyers Running

Design glitches draw attention away from a home's best features. Don't let out-of-date fixtures and unappealing decor cost you a sale. While some buyers may actually appreciate vintage features, home and design experts say these 20 features almost always serve as a turnoff.

Commercial Sales Down, Leases Up in 2008

REALTORS specializing in commercial real estate experienced a slowdown in sales transaction volume in 2008, but also reported an increase in commercial leasing volume, according to the 2009 National Association of REALTORS Commercial Member Profile.

Duke Energy signs another China cleantech deal

Duke Energy Corp has signed a clean energy technology agreement with China's ENN Group, adding to a deal it struck last month with the country's top power provider in Duke's push to cut carbon emissions.

Hummer headquarters to be in Michigan after sale

Hummer plans to invest $9.4 million over five years and take advantage of tax credits to set up a Michigan headquarters after China's Tengzhong acquires the brand from General Motors Co, a Hummer spokesman said on Tuesday.

EU anti-trust chief eager to close Microsoft case

The European Union's anti-trust chief wants to reach a deal with Microsoft Corp in a dispute over Web browsers before she leaves her post later this year, she said in an interview published on Wednesday.

U.S. issues $7 trillion debt, supply to stabilize

The U.S. government will have issued $7 trillion in bonds by the time the current fiscal year ends next week, but it expects the debt deluge to stabilize by mid 2010, a Treasury official said on Wednesday.

iPhone coming to South Korea after ban is dropped

South Korea's telecommunications regulator said Wednesday that Apple Inc. can sell its hit iPhone in the country, after the Korea Communications Commission lifted a ban on the popular device which may potentially shake up a cell phone market controlled by domestic manufacturers.

CarMax results get clunkers' boost; shares jump

CarMax Inc (KMX.N), the largest U.S. retailer of used cars, posted strong quarterly results as the company received an unexpected boost from the cash-for-clunkers program and its finance unit recorded a one-time gain.

Magna firewalls will ease customer worries -exec

Magna International Inc (MGa.TO) has not lost any contracts because of its investment in Opel, a senior company executive said on Tuesday, after outlining some of the ways the Canadian auto parts supplier plans to keep the operations separate.

GM restores 3,000 jobs, prepares to raise output

General Motors Co said on Tuesday it planned to restore about 3,000 jobs at U.S. assembly plants and related facilities and is getting set to raise North American production by up to 45 percent next year.

AutoNation sees US recovery, to go 'on offense'

AutoNation Inc.(AN.N), the top U.S. auto dealership chain, is ready to go on offense by acquiring new stores and buying more vehicles as it bets that the battered U.S. auto market is headed for a long and steady recovery, the company's chief executive said.

Judges in Microsoft-i4i case question damages

Appeals court judges hearing the latest round of a long-running patent fight between Microsoft Corp and Toronto technology company i4i on Wednesday questioned a lower court's calculation that the software giant owed $290 million in damages to the smaller firm.

Gaddafi blasts big powers in first U.N. speech

Muammar Gaddafi, in his first address to the United Nations in 40 years as Libya's autocratic ruler, on Wednesday accused major powers on the Security Council of betraying the principles of the U.N. charter.

I invented princess love story: France's Giscard

Former President Valery Giscard d'Estaing dashed speculation on Wednesday that he once had an affair with Lady Diana, saying his novel about a romance between a French leader and a British princess was pure fiction.

Obama to world: U.S. can't fix it all alone

President Barack Obama pressed world leaders on Wednesday to help confront challenges ranging from the war in Afghanistan to nuclear standoffs with Iran and North Korea instead of expecting the United States to do it all alone.

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