IBT Staff Reporter

Top Japanese tire maker Bridgestone tumbled to an operating loss in the second quarter, hit by the economic slump and a stronger yen, but raised its full-year outlook again after a surprise upgrade in June.

Aug 07, 2009

Toyota Motor Corp will decide by the end of this month whether to pull out of a California plant it has operated with General Motors since 1984, a top executive said on Friday.

Aug 07, 2009

Stock index futures pointed to a mixed open on Wall Street on Friday, as investors braced for key monthly jobs data.

Aug 07, 2009

State-owned Royal Bank of Scotland posted a 1 billion-pound ($1.7 billion) net loss in the first-half on Thursday, as bad debts soared to 7.5 billion pounds, and warned of more poor results to come as its recovery would take time.

Aug 07, 2009

Oil edged down on Friday from a six-week high in the previous session, as markets awaited U.S. July employment data later on Friday, a major indicator of how well the U.S. economy is doing pulling out of recession.

Aug 07, 2009

Asian stocks dipped on Friday as investors grew cautious before a key U.S. jobs report, while the Australian dollar got only a brief lift despite signals from the central bank that interest rates could rise over time.

Aug 07, 2009

Twitter and Facebook suffered service problems from hacker attacks on Thursday, raising speculation about a coordinated campaign against the world's most popular online social networks.

Aug 07, 2009

Judge Sonia Sotomayor won approval on Thursday to become the first Hispanic on the U.S. Supreme Court in a Senate vote that President Barack Obama said broke another social barrier.

Aug 07, 2009

The U.S. Senate approved and sent to the White House on Thursday a $2 billion extension of the cash for clunkers autos sales incentive program.

Aug 07, 2009

Reformists kept up pressure for leadership change in the dominant Palestinian party Fatah on Thursday, and Saudi Arabia said no Palestinian state could emerge unless such internal divisions were healed.

Aug 07, 2009

The new head of the Tamil Tigers, the separatist group defeated by the Sri Lankan military after 25 years of war, is being held in the capital Colombo, the military said on Friday, declining to say where he was arrested.

Aug 07, 2009

Bonfires were lit across Georgia overnight to mark a year since the former Soviet republic's five-day war with Russia over breakaway South Ossetia.

Aug 07, 2009

The Nasdaq-listed Chinese search engine Baidu Inc has topped Yahoo! to become the world's second most popular search engine in June, the US marketing research company ComScore released in its report this week.

Aug 07, 2009

Dutch telecoms group KPN confirmed its offer of $1.55 per share for iBasis shares it does not yet own after iBasis repeatedly objected to the bid on Thursday because it was inadequate.

Aug 06, 2009

Private equity firm Blackstone Group LP reported higher quarterly earnings on Thursday, topping Wall Street expectations, and said it was sitting on its biggest cash pile ever, with $29 billion to deploy.

Aug 06, 2009

Abu Dhabi-owned energy company TAQA Bratani Ltd plans to boost North Sea oil and gas production by buying up mature oilfields and greatly increasing their efficiency, the head of the company's UK arm said on Thursday.

Aug 06, 2009

Blackstone Group LP's restructuring advisory business is booming as more companies hit the wall every day and need advice, the private equity firm's COO said on Thursday.

Aug 06, 2009

The U.S. Senate approved and sent to the White House on Thursday a $2 billion extension of the cash for clunkers autos sales incentive program.

Aug 06, 2009

Citigroup Inc may give control of its Phibro commodities business to Andrew Hall, the energy trader making headlines for demanding a $100 million payday under his contract, The New York Times said on Thursday, citing a person with knowledge of the negotiations.

Aug 06, 2009

Fannie Mae, the largest provider of U.S. home mortgage funding, on Thursday reported a $14.8 billion quarterly net loss that it said would force it to go to the U.S. Treasury trough a third time for money to stay in business.

Aug 06, 2009

Investors overlooked weak July sales results from some U.S. apparel chains and sent the shares of battered names such as Gap Inc , Limited Brands Inc and Zumiez Inc up on hopes of improvement later this year.

Aug 06, 2009

The number of U.S. workers submitting new claims for jobless benefits fell sharply last week, fanning hopes the fragile labor market was on the mend and that the broader economy was stabilizing.

Aug 06, 2009

The U.S. Senate approved and sent to the White House on Thursday a $2 billion extension of the cash for clunkers autos sales incentive program.

Aug 06, 2009

The trip sounded like a dream; dragons and dolphins, clear blue skies stretching to a horizon broken only by an occasional uninhabited island. For four days we were to float upon the azure seas at God's mercy, with a reliance on an ancient engine and a toothless captain.

Aug 06, 2009

The Nasdaq Stock Market and BATS Exchange said in separate statements on Thursday they will voluntarily stop offering so-called flash orders, a controversial service that gives certain firms an advance look at market-bound trading orders.

Aug 06, 2009

The U.S. Department of Energy announced Thursday, $377 million in funding for research centers across the country to advance solar energy, biofuels, transportation, energy efficiency, electricity storage and transmission, clean coal and carbon capture and sequestration, and nuclear energy technologies.

Aug 06, 2009

Sprint Nextel will sell Samsung Electronics phones including an advanced display technology that will improve battery life and video and photo quality, according to executives for the companies.

Aug 06, 2009

Advanced Micro Devices free OpenCL development tool for x86 CPU is now open for download as part of its ATI Stream SDK 2.0 beta version, according to the second largest chip maker.

Aug 06, 2009

Is the cruise industry trying to resuscitate its image? The old adage that cruise goers are either, newlywed, nearly dead or over fed is no longer accurate with the creation of the mega liner.

Aug 06, 2009