IBT Staff Reporter

122011-122040 (out of 154953)

Magna most likely to win Opel-GM Europe chief

The head of General Motors Europe told a newspaper he believed Canadian auto parts group Magna was most likely to win a bidding battle for Opel, but that the carmaker could also thrive under the ownership of its U.S. parent.

Now not time to end economic stimulus: OECD

G20 countries need to pre-plan for withdrawal of the monetary and fiscal stimulus that is fuelling global economic recovery but should not move on either front for much of the next year, the OECD's chief economist says.

Europe's big 3 say crisis not over

The global economic crisis is not over and unemployment will keep rising in the months to come, the leaders of Britain, France and Germany warned on Thursday before a meeting of G20 policymakers in London this weekend.

Netflix, Blockbuster shares fall on YouTube deal

Shares of movie rental companies Netflix Inc and Blockbuster Inc fell on Thursday, dragged down by news that online video site YouTube is talking with several major movie studios about renting movies, analysts said.

Family Dollar sales miss goals; shares fall

Family Dollar Stores Inc saw quarterly sales grow less than expected, as store reorganizations it undertook across the country interrupted some shopping, and its shares fell nearly 9 percent.

5 Places to Spot Cryptids

We are a species that thrives on discovering the undiscovered, catching glimpses of the unseen and telling stories about the unverified. Our myths and tall tales are full of sea monsters, giants and demons

U.S. home prices seen turning the corner

U.S. home prices are nearing the end of a three-year slump and should rise in 2010, though the overall economy can rebound even if the housing market does not, according to a Reuters poll.

Starbucks exec Gass to head Seattle's Best

Starbucks Corp named Michelle Gass on Thursday to the new role of president of its Seattle's Best Coffee chain, responsible for building out the brand and managing 550 U.S. Seattle's Best cafes.

Oil falls slightly on disappointing economic data

Oil prices slipped on Thursday, settling just under $68 a barrel as disappointing news from the labor market outweighed economic optimism from data showing that the U.S. service sector and retail sales improved.

Artists protest Tel Aviv focus at Toronto film fest

The Toronto International Film Festival is under attack for its decision to present a series of films spotlighting the Israeli city of Tel Aviv, which a group of high-profile artists and celebrities say constitutes complicity in

U.S. factory growth no shot in the arm for equities

The U.S. manufacturing sector's return to expansion should be music to equity investors' ears, but bankers say past experience as well as the circumstances of the current rebound suggest a good deal of caution is warranted.

Oil steady at $68 on mixed economic outlook

Oil prices steadied on Thursday as economic optimism from data showing that the U.S. service sector and retail sales improved was tempered by disappointing news from the labor market.

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