IBT Staff Reporter

Credit-card company American Express Co has ample liquidity and less credit risk than its rivals, and its shares could double, Barron's said in its April 13 edition.

Apr 12, 2009

If Wells Fargo's strong first-quarter preliminary performance is any sign, stocks could rally further this week on any reassuring news when three other big banks post quarterly results.

Apr 12, 2009

Shares of Wells Fargo & Co, which rose by about a third last week, could head even higher as the bank's acquisition of Wachovia begins to pan out, Barron's said in its April 13 edition.

Apr 12, 2009

Drugmakers should deliver a solid set of quarterly results but investors will be watching for any signs of recession choking demand for more expensive treatments.

Apr 12, 2009

Britain's PZ Cussons has made it onto the shortlist of bidders for the European household and personal care business of U.S. consumer goods group Sara Lee , the Sunday Times reported without citing sources.

Apr 12, 2009

If Wells Fargo's strong first-quarter preliminary performance is any sign, stocks could rally further this week on any reassuring news when three other big banks post quarterly results.

Apr 12, 2009

Swiss bank UBS will announce more job cuts soon, with staff in Switzerland and departments like marketing to be hit hard, newspapers reported on Sunday.

Apr 12, 2009

Swiss bank Credit Suisse has started closing down the offshore accounts of U.S. clients who have not declared the money to the U.S. authorities, a newspaper reported on Sunday.

Apr 12, 2009

Toyota Motor Corp's operating loss could balloon to over 500 billion yen ($5 billion) in the year to March 2010, as the global economic crisis hits car sales, the Nikkei business daily said on Sunday without citing sources.

Apr 12, 2009

Toyota Motor Corp's operating loss could balloon to over 500 billion yen ($5 billion) in the year to March 2010, as the global economic crisis hits car sales, the Nikkei business daily said on Sunday without citing sources.

Apr 12, 2009

A summit of Asian leaders in Thailand was canceled on Saturday after anti-government protesters swarmed into the meeting's venue, renewing doubts about the durability of the government.

Apr 11, 2009

Fraud-hit Satyam Computer Services Ltd has used 3 billion rupees ($60 million) of the 6.85 billion bank funds that it has arranged, The Economic Times said on Saturday citing documents from a highly placed source in the company.

Apr 11, 2009

More than three months into a medical leave from Apple, Chief Executive Steve Jobs remains closely involved in key aspects of running the company, the Wall Street Journal reported Saturday, citing people familiar with the matter.

Apr 11, 2009

BNP Paribas will abandon its attempts to buy the assets of Fortis if shareholders of the stricken Dutch-Belgian group reject the latest revised deal this month, BNP's chief executive said.

Apr 11, 2009

Japan's government is finalizing plans to provide Pakistan with up to $1 billion in economic aid over the next two years, the Nikkei business daily reported Saturday.

Apr 11, 2009

President Barack Obama said on Friday the recession-hit U.S. economy was showing glimmers of hope despite remaining under strain and promised further steps in coming weeks to tackle the financial crisis.

Apr 11, 2009

The U.S Treasury Department, on Friday, released the budget details for March 2009 showing a deficit of $192.27 billion, sharply higher than budget deficit of $48.8 billion reported in the corresponding period last year.

Apr 11, 2009

More than three months into a medical leave from Apple Inc, Chief Executive Steve Jobs remains closely involved in key aspects of running the company, the Wall Street Journal reported Saturday, citing people familiar with the matter.

Apr 11, 2009

Wine tourists are a growing breed as wineries around the globe step up their game and offer visitors better services and gourmet food alongside wine tasting.

Apr 11, 2009

U.S. regulators on Friday closed New Frontier Bank of Greeley, Colorado, and set up a temporary bank so depositors can open accounts at other insured institutions.

Apr 10, 2009

The founders of Web telephone service Skype, currently owned by eBay Inc, are interested in bidding for the company they sold some four years ago, according to a media report.

Apr 10, 2009

NEW YORK - Axl Rose may have spent 15 years fine-tuning the 14 tracks on Chinese Democracy, but it took only five months for the album to make its way into the Rock Band video-game franchise.

Apr 10, 2009

The U.S. Department of Labor subpoenaed Tribune Co over an employee stock plan crucial to real estate mogul Sam Zell's buyout of the media company, Tribune said in a bankruptcy court filing on Thursday.

Apr 10, 2009

The new top cop at the U.S. Securities and Exchange Commission is viewed as the best hope in years to root out financial fraud and convince fuming investors that the regulator that missed Bernard Madoff's massive fraud is up to the job.

Apr 10, 2009

U.S. retailers will continue to face difficulties in the second quarter as both traffic and sales levels are expected to post steady declines versus the same period last year, according to retail research and information company ShopperTrak.

Apr 10, 2009

Food prices rose last year more because of higher energy prices, not the production of corn-based ethanol, a study showed.

Apr 10, 2009

France raised concerns on Friday after Iranian President Mahmoud Ahmadinejad announced a recent nuclear success.

Apr 10, 2009

Pope Benedict reflected on the tragedies and disasters that test faith during a Good Friday procession in Rome, just hours after Italians buried victims of the country's devastating earthquake.

Apr 10, 2009

Somali pirates holding an American hostage on a drifting lifeboat want $2 million for his release, a fellow pirate onshore said on Friday.

Apr 10, 2009