IBT Staff Reporter

120361-120390 (out of 154953)

Tires case shows Obama new U.S. marshal on trade

President Barack Obama's decision to restrict tire imports from China shows a more activist approach to enforcing rights Washington has negotiated in trade deals, as well as making good on a promise to labor groups that helped elect him.

World stocks at new 11-month high

World equities rose on Wednesday to new 11-month highs, after upbeat U.S. data boosted faith in an economic recovery, persuading more investors to sell their low-yield dollars to buy growth-oriented stocks and commodities.

U.S. growth in 2 percent range over near term: forecast

The U.S. economy will emerge from recession by growing more than 2 percent in the current and fourth quarters on a dramatic reversal in inventories, but growth next year will be tepid, a UCLA Anderson Forecast said on Wednesday.

Oil near $71, sheds early losses on weak dollar

Oil shed early losses and hovered near $71 on Wednesday as the dollar's fall to one-year lows and Asian equities' climb to 2009 highs drew investors back to risky assets on brightening signs of a U.S. economic recovery.

Asian stocks hit 2009 highs

Asian shares swept to their highest levels for 2009 on Wednesday after upbeat U.S. economic news boosted riskier assets leveraged to global growth, while the U.S. dollar slipped to a one-year low.

Asian stocks hit 2009 highs, U.S. dollar slips

Asian shares hit their highest levels for 2009 on Wednesday after upbeat U.S. economic news gave riskier assets leveraged to global growth a boost, while the U.S. dollar slipped to a one-year low.

SEC has few options, none good, in BofA case

Stung by a federal judge's rejection of settlement efforts with Bank of America Corp, the U.S. Securities and Exchange Commission has a few ways to proceed in the case. None is good.

Oracle stops making computers with HP

Oracle Corp has ended a high-profile computer-building partnership with Hewlett-Packard Co as Oracle prepares to acquire Sun Microsystems Inc, a rival of HP.

Adobe to buy Omniture for $1.8 billion

Adobe Systems Inc plans to pay $1.8 billion for fast-growing business software maker Omniture Inc as the maker of Photoshop and Acrobat looks to turn around declining sales.

Daily Commentary - 16/09/2009

The Australian Dollar opens higher today at 0.8625 and is buoyed by improved risk sentiment after the release of stronger than expected U.S. economic data overnight.

China & U.S. war over auto, chicken after tires

China has started investigation procedures on auto and chicken products originally produced in the United States, Yao Jian, spokesman with the Ministry of Commerce (MOC), told a press conference on Tuesday, adding to a string of trade disputes with Washington including a recent decision to raise tariffs on Chinese-made tires.

EU may force UK's Lloyds to sell Halifax - report

The European Commission may force Lloyds Banking Group to sell off all or part of its Halifax branch network as compensation for the billions of pounds of state aid the group has received, the London Times reported.

Blackstone sees real estate opportunities, deals

Private equity giant Blackstone Group is starting to see attractive opportunities in real estate again, after waiting on the sidelines for deals since 2007, its chief operating officer Tony James said on Tuesday.

Bernanke says recession is very likely over

Federal Reserve Chairman Ben Bernanke said on Tuesday that the worst U.S. recession since the Great Depression was probably over, but the recovery would be slow and it would take time to create new jobs.

Silicon Laboratories raises Q3 outlook

Chipmaker Silicon Laboratories Inc raised its outlook for the third quarter, citing better-than-expected demand for both its broadcast audio and microcontroller unit (MCU) products.

Stanley Furniture sees Q3 loss widening sequentially

Stanley Furniture Co Inc expects a sequentially wider loss in its third quarter, hurt by lower sales and disruption caused by shifting its Young America products from off-shore sourcing to its own domestic manufacturing facilities.

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