IBT Staff Reporter

A handful of diversified U.S. manufacturers posted results that topped Wall Street estimates, boosting investor confidence as they coped with the worst recession in decades.

Jul 30, 2009

Bonuses paid to executives at nine banks who received U.S. government bailout money in 2008 were in some cases greater than net income, the office of New York Attorney General Andrew Cuomo said on Thursday.

Jul 30, 2009

Cablevision Systems Corp plans to spin off its Madison Square Garden unit by the end of the year, hoping to get a better valuation from Wall Street for assets including the New York Knicks basketball team and Radio City Music Hall.

Jul 30, 2009

U.S. stocks surged on Thursday as a drop in the number of Americans on jobless benefits and a batch of solid corporate profit reports bolstered hope for an economic recovery.

Jul 30, 2009

Oil rose above $64 a barrel on Thursday, boosted by stock markets in Europe and Asia, better than expected corporate results and data suggesting the economic downturn was bottoming out.

Jul 30, 2009

General Electric Co shares climbed more than 7 percent on Thursday after a powerful U.S. lawmaker said he saw no great need for the largest U.S. conglomerate to spin off its finance arm.

Jul 30, 2009

Exxon Mobil Corp., Royal Dutch Shell Plc post low second quarter profits as oil, natural gas prices and refining margins plunged. NRG Energy's net income increased helped by the acquisition of Reliant Energy's Texas retail business.

Jul 30, 2009

A Judge from the San Mateo County Superior Court struck down a request from Martin Eberhard, former chief executive officer of Tesla Motors, to be declared one of only two founders of the electric car maker, according to a statement from Tesla Motors Wednesday night.

Jul 30, 2009

Rainstorms have left at least 66 people dead, 66 missing and more than 30,000 relocated from their homes since the beginning of June in five of China southern provinces, official Xinhua reported on Wednesday.

Jul 30, 2009

U.S. House of Representatives Speaker Nancy Pelosi on Thursday ramped up her criticism of insurance companies, accusing them of unethical behavior and working to kill a plan to create a new government-run health plan.

Jul 30, 2009

Rumors about the Windows 7 RTM crack was confirmed by Microsoft after the latest intriguing news spread quickly.

Jul 30, 2009

Motorola Inc shipped more cell phones than expected in the second quarter and raised its target for cost cuts for the year, sending its shares up 9 percent.

Jul 30, 2009

Stocks Rebound, Exxon's Profit Sinks, MasterCard Beats

Jul 30, 2009

A new iPhone virus has been discovered on Thursday that could infect every iPhone in the world through Short Message Service (SMS), or text messaging.

Jul 30, 2009

MasterCard Inc , the world's second-largest credit card network, reported better-then-expected quarterly earnings Thursday as it raised fees charged to banks and cut expenses, sending its shares up 6.5 percent.

Jul 30, 2009

The number of Americans collecting long-term unemployment aid fell to the lowest in three months in mid-July, according to government data that implied a slowing pace of layoffs as the economy stabilizes.

Jul 30, 2009

In the past week the number of U.S. workers filing new claims for jobless benefits rose to numbers slightly above the expected numbers according to government data on Thursday. Initial claims for state unemployment insurance benefits rose 25,000 to a seasonally adjusted 584,000 in the week ended July 25.

Jul 30, 2009

An iPhone Virus is set to be unveiled at a cyber conference today in Las Vegas. Two researchers, Charles Miller and fellow cybersecurity researcher, Collin Mulliner, have found an iPhone bug that could infect phones virally through SMS.

Jul 30, 2009

Stocks advanced on Thursday as a string of solid corporate profits and a drop in the number of Americans staying on jobless benefits fueled economic recovery hopes.

Jul 30, 2009

Jonathan Spicer and Daisy KuAggressive cost cutting helped NYSE Euronext beat earnings expectations for a second straight quarter Thursday, and the company expects staff reductions to yield more savings.

Jul 30, 2009

Motorola Inc shipped more cell phones than expected in the second quarter and raised its target for cost cuts for the year, sending its shares up 9 percent.

Jul 30, 2009

A Mac security expert has discovered a technique that hackers could use to take control of Apple Inc. computers and iPhone's in order to steal data, disproving the long believed theory that Apple products are more secure than PCs.

Jul 30, 2009

Exxon Mobil Corp reported a steeper-than-expected drop in quarterly profit as natural gas and crude oil prices slid from a year ago and the global recession hurt demand for fuel.

Jul 30, 2009

Ferrari said on Wednesday that retired seven time Formula One champion Michael Schumacher, 40, will get back into the race cockpit for the team, temporarily replacing injured Felipe Massa, 28.

Jul 30, 2009

Independent power producer NRG Energy Inc posted higher second-quarter earnings, helped by the acquisition of Reliant Energy's Texas retail business and a tax gain on the sale of its equity stake in Mibrag.

Jul 30, 2009

The number of U.S. workers filing new claims for unemployment benefits rose slightly more than expected last week, but the number of workers staying on jobless rolls fell to the lowest in three months, government data showed on Thursday.

Jul 30, 2009

The corporate bond market is signaling trouble ahead for those U.S. regional banks that are facing rising loan losses from commercial real estate.

Jul 30, 2009

The Federal Reserve seems to be volunteering to be top bubble burster. In a recent speech, Bill Dudley, the president of the Federal Reserve Bank of New York,

Jul 30, 2009

U.S. banks' losses from loans to homebuilders should start to taper off in about six months, a Standard & Poor's analyst said on Wednesday.

Jul 30, 2009