IBT Staff Reporter

U.S. securities regulators will seek public comment on five proposals to curb short selling, blamed by some lawmakers and executives for deepening the financial crisis and driving down share prices.

Apr 08, 2009

Defying congressional opposition, the U.S. government on Tuesday said it would buy expensive new spy satellites and order more imagery from two commercial providers to plug gaps in satellite coverage.

Apr 08, 2009

U.S. securities regulators will seek public comment on five proposals to curb short selling, blamed by some lawmakers and executives for deepening the financial crisis and driving down share prices.

Apr 08, 2009

Mobile phone equipment makers are taking steps to clean up their act and tackle a goal of powering nearly 120,000 base stations in developing countries by cleaner energy sources by 2012, players in the industry say.

Apr 08, 2009

Federal Reserve policy-makers agreed at their March 17-18 meeting that substantial additional purchases of a range of longer-term assets was appropriate to deal with a steep drop in economic activity across all sectors, minutes of the meeting showed on Wednesday.

Apr 08, 2009

France is a country located in Western Europe. Clockwise from the north, France borders Belgium and Luxembourg to the northeast, Germany and Switzerland to the east, Italy to the south-east and Spain to the south-west, across the Pyrenees mountain range (the small country of Andorra lies in between the two countries).

Apr 08, 2009

Oil rose more than $1 a barrel on Wednesday after a U.S. government report showed a surprise draw in commercial distillate stockpiles and equities markets rallied.

Apr 08, 2009

Stocks rose on Wednesday as a proposed takeover in the homebuilder sector boosted optimism about share valuations and technology shares jumped on hopes of a recovery in both business and consumer spending.

Apr 08, 2009

Proposals for curbing short selling, blamed by some U.S. lawmakers and executives for worsening the financial crisis and driving down share prices, will be issued for public comment.

Apr 08, 2009

Banks and cellphone companies have a long way to go to persuade U.S. consumers to use their cellphones for banking, as many worry about security and extra fees and others are not even aware they can.

Apr 08, 2009

Stocks rose on Wednesday, lifting the Nasdaq 2 percent, as investors snapped up technology shares following the market's two-day sell-off.

Apr 08, 2009

The U.S. Treasury said on Wednesday some life insurers have met requirements for government capital investments under an existing rescue plan, clarifying that it is not launching a new bailout for the sector.

Apr 08, 2009

General Motors Corp is working hard to meet a June 1 deadline to present an accelerated restructuring plan that is vital for the company whether it goes bankrupt or not, a senior executive said on Wednesday.

Apr 08, 2009

Somali pirates hijacked a U.S.-flagged, Danish-owned container ship on Wednesday with 20 American sailors on board, but a Pentagon official said the crew appeared to have retaken control of the vessel.

Apr 08, 2009

Leaders of California's scenic Santa Barbara County, site of a 1969 oil spill that galvanized the modern environmental movement, voted on Tuesday to reverse a decision backing new offshore energy development.

Apr 08, 2009

Cyberspies have penetrated the U.S. electrical grid and left behind software programs that could be used to disrupt the system, the Wall Street Journal reported on Wednesday.

Apr 08, 2009

Banks and cell phone companies have a long way to go to persuade U.S. consumers to use their cell phones for banking, as many worry about security and extra fees and others are not even aware they can.

Apr 08, 2009

U.S. banks' first-quarter results will show that losses from credit cards and commercial and real estate loans have not yet peaked, and perhaps dash hopes that the worst of the banking crisis has passed.

Apr 08, 2009

U.S. banks' first-quarter results will show that losses from credit cards and commercial and real estate loans have not yet peaked, and perhaps dash hopes that the worst of the banking crisis has passed.

Apr 08, 2009

The U.S. economy is grim, and the Federal Reserve is duty bound to apply every tool to clean up the financial system and clear a path for a return to sustainable growth, Richard Fisher, president of the Dallas Fed, said on Wednesday.

Apr 08, 2009

The U.S. Treasury said on Wednesday some life insurers have met requirements for government capital investments under an existing rescue plan, clarifying that it is not launching a new bailout for the sector.

Apr 08, 2009

U.S. stocks rose on Wednesday, lifting the Nasdaq up more than 2 percent, as investors snapped up technology shares following the market's two-day sell-off.

Apr 08, 2009

Tens of thousands of protesters marched through central Bangkok Wednesday, demanding the resignation of the government. The demonstration threatened to set off a new round of political instability which may hamper the government’s three-year, $44 billion stimulus plan it unveiled last month.

Apr 08, 2009

Brian Moynihan, who heads Bank of America's (BAC.N) investment banking and wealth management divisions, is emerging as a potential successor to Chief Executive Kenneth Lewis, the Wall Street Journal said.

Apr 08, 2009

U.S. Interior Secretary Ken Salazar highlighted the potential of offshore wind power in the Atlantic Ocean at a public hearing in Atlantic City, signaling it could replace the amount of energy generated by 3,000 coal-fired plants.

Apr 08, 2009

U.S. securities regulators were considering proposed curbs on short selling at a meeting on Wednesday, weighing steps that could restrict a type of investing blamed by some lawmakers and executives for worsening the financial crisis and driving down share prices.

Apr 08, 2009

Cyberspies have penetrated the U.S. electrical grid and left behind software programs that could be used to disrupt the system, the Wall Street Journal reported on Wednesday.

Apr 08, 2009

Prime Minister Gordon Brown said on Wednesday the upcoming budget will contain environmental measures to aid recovery from recession, including creating thousands of green jobs.

Apr 08, 2009

The U.S. Securities and Exchange Commission voted unanimously on Wednesday to issue proposed curbs on short selling, including a return of the uptick rule, for a 60-day public comment period.

Apr 08, 2009