IBT Staff Reporter

122041-122070 (out of 154953)

Sen Schumer calls for making SEC self-funded

The U.S. Securities and Exchange Commission, criticized this week for failing to detect the Bernard Madoff's $65 billion Ponzi scam, needs more money and a new way of getting it, said a key lawmaker on Thursday.

Daimler, Porsche curb hours amid car slump

Carmakers Daimler AG (DAIGn.DE) and Porsche (PSHG_p.DE) plan short working hours at plants in Germany later this year, abandoning hopes that a year-long sales swoon could reverse quickly.

GM to restart Venezuela output, assemble new car

General Motors Co [GM.UL] will end a three-month stoppage at its Venezuela plants next week after reaching an agreement with the government of President Hugo Chavez to free up foreign currency to import parts.

New U.S. jobless claims fall, services sector mends

New applications for jobless benefits in the United States fell last week, while activity in the services sector was at its strongest in nearly a year in August, suggesting a modest recovery from recession had started.

Sprint backs Hero, the latest HTC Android phone

Sprint Nextel Corp plans to sell HTC Corp's Hero cell phone based on Google Inc's Android operating system, intensifying competition in the crowded U.S. smartphone market dominated by Apple Inc's iPhone.

Sony walkman outsells Apple's iPod

Sony's Walkman digital music player outsold the Apple iPod in Japan last week - the first that has happened in more than four years, according to Bloomberg, citing data from Tokyo-based research firm BCN.

WTO to issue landmark aircraft industry ruling

World Trade Organization judges will rule on Friday for the first time on whether the European Union handed out illegal subsidies to Airbus in a verdict that could affect planemakers worldwide.

EU probes Oracle bid for Sun

European Union antitrust regulators launched an in-depth probe on Thursday into Oracle's $7 billion takeover of Sun Microsystems on concerns the deal could dent competition in the database market.

Companies claim single-dose swine flu vaccine

Drugmaker Novartis AG said on Thursday a single dose of its swine flu vaccine might protect against the virus, boosting hopes that potentially tight supplies could go further when mass immunization starts this month.

Ciena loss narrower than expected, shares rise

U.S. network equipment maker Ciena Corp reported a quarterly loss on Thursday on weaker technology spending by phone companies, but the results were better than expected and its shares rose 5.7 percent.

Ashley Dupre blames hypocrite women

Ashley Dupre, the high-priced prostitute hired by former New York governor Eliot Spitzer, said Thursday she is tired of people looking down on her and told women who love to judge her that she is no worse than them.

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