IBT Staff Reporter

131761-131790 (out of 154953)

Geithner: Too soon to withdraw economic stimulus

U.S. Treasury Secretary Timothy Geithner said on Saturday it was too early to start withdrawing stimulus for the world's top economies, but governments should pledge a return to more sustainable fiscal policies in the future.

North Korea issues nuclear threat

North Korea said Saturday it would start a uranium enrichment program and weaponize all its plutonium in response to fresh U.N. sanctions, prompting the United States to demand that Pyongyang stop its provocative actions.

G8 nations consider exit from credit crisis

The world's rich nations have started to consider how they will unwind emergency steps to rescue their economies once recovery is certain, according to a draft statement from a meeting of Group of Eight finance ministers on Saturday.

Ahmedinejad wins disputed Iran vote, crowds clash

Hardline President Mahmoud Ahmadinejad won re-election by a thumping margin, official figures showed Saturday, but his moderate challenger rejected the tally as a dangerous charade that could lead to tyranny.

California sees big costs to renewable power plan

California on Friday forecast high costs for the most ambitious clean energy plan in the nation, including a 28 percent rise in electricity rates and $115 billion in construction if the state wants to get a third of its electricity from renewable sources by 2020.

Deutsche Post to stop evening mail flights -paper

Deutsche Post will stop the evening flights of its domestic aircraft network that transport letters throughout the country and hopes to save 40-60 million euros annually as a result, a German weekly said.

Koenigsegg ready to take over GM's Saab

Tiny carmaker Koenigsegg is ready to take over General Motor's loss-making Saab unit, and says it has numerous good solutions to help get the company back on its feet, its major shareholder told daily Dagbladet. A source familiar with the talks told Reuters this week that General Motors is close to selling its Saab unit to Koenigsegg, and that it was backed by Norwegian investors.

Geithner: Too early for move toward policy restraint

U.S. Treasury Secretary Timothy Geithner said on Saturday it was too early to start withdrawing stimulus for the world's top economies, but governments should start to outline plans for future fiscal sustainability.

Isolated North Korea could avoid U.N. pinch: analysts

U.N. Security Council sanctions imposed on North Korea for its nuclear test may do little to change the ways of the reclusive state and could prod Pyongyang to stoke tensions with military moves, analysts said on Saturday.

Whoever wins election, U.S. wants talks with Iran

U.S. President Barack Obama plans to pursue attempts to engage Tehran whether hard-line President Mahmoud Ahmadinejad or his moderate rival Mirhossein Mousavi ultimately emerges as the winner of Iran's election.

Iran's Ahmadinejad heads for big win

Hardline President Mahmoud Ahmadinejad resoundingly won Iran's election, preliminary official results showed on Saturday, but his moderate challenger alleged irregularities and claimed victory for himself.

U.S. malls' ills give independent stores an opening

The wave of bankruptcies that has eliminated dozens of U.S. retail chains could force landlords to rethink their traditional aversion to having small, independent retailers as tenants, a retail real estate expert said on Thursday.

Textron's Cessna to cut 1,300 jobs

Textron Inc's Cessna unit said it would cut another 1,300 jobs, underscoring the face of deteriorating demand for corporate aircraft and leaving the company with about half of its workforce remaining.

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