IBT Staff Reporter

135271-135300 (out of 154954)

U.S. unemployment rate reaches 8.9 percent

The month of April was no different to the previous as U.S. employers were once again left with no option but to slash their workforce yet again as the recession took another bite of the economy, slashing jobs by 539,000.

Windows 7 usage up 22% after RC rolls out

Microsoft's roll out of Windows 7 Release Candidate (RC) earlier this week boosted use of the new operating system by 22 percent since Monday, according to data from Web measurement company Net Applications.

Visionary or plane crazy? Airbus contest to decide

Tourists heading south for the winter may be transported to their dream destination in windowless airliners flying in formation like geese if Airbus accepts the advice of tomorrow's potential aircraft engineers.

AIG shares up after lower loss but future uncertain

Shares of American International Group rose above $2 for a second day on Friday, on signs Chief Executive Ed Liddy is making progress on stemming the financial bleeding at the insurer rescued by a massive government bailout.

Wall St rallies on bank confidence, data

U.S. stocks rose on Friday as results of bank stress tests fueled hopes that the worst is over for the financial sector, and news of fewer-than-expected April job cuts suggested the economic slump is moderating.

Van Halen confirmed for Guitar Hero

DENVER - Activision Blizzard is releasing three new music-based video games this year -- DJ Hero, Guitar Hero 5 and Band Hero -- and has confirmed that Guitar Hero: Van Halen is on tap.

Goldman CEO says business seems off lowest ebb

Goldman Sachs Group Inc Chief Executive Lloyd Blankfein offered shareholders a guardedly optimistic forecast for economic recovery, saying investors are now talking about when, not if, markets will rebound.

Fannie Mae taps Treasury again after $23 billion loss

Fannie Mae , the largest provider of U.S. home mortgage funding, said on Friday it needs more capital from the U.S. Treasury after a $23.2 billion loss in the first quarter and warned government housing programs would cut deeper into its profitability.

California fire sends 20,000 fleeing, burns 75 homes

A stubborn brush fire that consumed 75 foothill homes above the coastal town of Santa Barbara raged with renewed ferocity for a fourth day on Friday, forcing at least 20,000 people to flee as it advanced on the city and two nearby communities.

U.S. state AGs looking at Google books deal

State attorneys general are looking into a proposed settlement Google Inc reached with author and publisher groups allowing the Internet company to digitize millions of books, a participant in a recent discussion of the matter told Reuters on Friday.

Stocks advance on relief on banks, jobs data

Stocks rose on Friday after the government's bank stress tests fueled hopes that the worst is over for the financial sector, while news of fewer-than-expected April job cuts suggested the economic slump was easing.

Chrysler dissident lender group disbands

A group of Chrysler LLC's dissident lenders disbanded, representatives said on Friday, removing the last legal hurdle to the embattled automaker's quest to complete a merger with Italy's Fiat SpA with U.S. government backing.

Lewis to stick with BofA till capital needs are met

The CEO of Bank of America Corp., Kenneth Lewis said on Friday the bank is able to raise the required capital to meet the requirements of the stress tests and that he plans to stay with the bank until the needs are met.

Ellis Island to reopen Statue of Liberty on July 4th

The Statue of Liberty's crown on Ellis Island, which has been closed to the public since the September 11, 2001 attacks on the World Trade Center, will reopen on July 4, U.S. Independence Day, Interior Secretary Ken Salazar said on Friday.

Wall Street gains on bank rally, jobs data

Stocks rose on Friday after the government's stress test results on big banks increased optimism about financial stocks, and data showed employers cut fewer-than-expected jobs in April.

U.S. sheds fewest jobs in six months

U.S. employers cut 539,000 jobs last month, the fewest since October, according to government data on Friday that signaled the economy's steep decline may be easing.

Obama administration renews sanctions on Syria

The Obama administration has renewed sanctions against Syria due to serious concerns over its behavior, despite sending two top envoys to Damascus this week to try to improve ties, U.S. officials said on Friday.

McDonald's same-store sales rise

McDonald's Corp reported a 6.9 percent rise in April sales at restaurants open at least 13 months, as strength in the United States helped offset the impact of the stronger dollar.

Clean Energy to buy Exterran's gas station business

Natural gas provider Clean Energy Fuels Corp (CLNE.O: Quote, Profile, Research, Stock Buzz) said it will acquire oilfield services company Exterran Holdings Inc's (EXH.N: Quote, Profile, Research, Stock Buzz) natural gas fueling station business for $5.9 million.

Oppenheimer withdraws opposition to Chrysler plan

OppenheimerFunds, one of Chrysler LLC's dissident secured lenders, said on Friday it has decided to withdraw its opposition to the automaker's proposed debt restructuring plan as it no longer expects to increase its recovery rate.

Court extends Delphi deadline to reach GM deal

Bankrupt U.S. auto parts maker Delphi Corp (DPHIQ.PK) won interim court approval of a two-week extension of the deadline for it to reach a funding agreement with General Motors Corp (GM.N), according to court documents.

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