IBT Staff Reporter

140461-140490 (out of 154954)

China exports slump; Citi cheers investors

China's exports tumbled in February and Japan's wholesale prices fell by the most in six years, stark illustrations of a bleak world economy even as Citigroup boosted investor confidence in the banking sector.

Apple orders touchscreens for Q3: source

Apple Inc. will take third-quarter delivery of newly developed 10-inch touchscreens from Taiwan, a source said on Wednesday, amid talk the U.S. firm is developing a touch-screen PC.

Citi hopes support Asia stocks but China weighs

Asia stocks rose on Wednesday after hopes Citigroup will deliver a first-quarter profit sparked an improvement in investor confidence, though grim Chinese export data sent dealers buying the U.S. dollar for safety.

Global stocks rally on Citi memo

The U.S. dollar slipped and world stocks rallied in their biggest single-day gain in three months on Tuesday after a Citigroup memo saying the troubled bank made a profit in January and February fuelled the appetite for risk.

DISA and Verizon enter into $2.5 Billion deal

On March 10 Verizon Business announced it will provide network and data services at U.S. Department of Defense installations around the world under a new contract awarded by the Defense Information Systems Agency (DISA).

Hitachi raises revenue via rights issue

The Leading global electronics, Hitachi Ltd. said Tuesday, Hitachi Koki Co Ltd will be Hitachi’s consolidated subsidiary as common stocks with shares of 12,473,000 to be purchase, by obtaining a majority of voting rights.

Sudan’s U.S. embassy urges Americans to leave

On Tuesday the U.S. Embassy in Sudan authorized nonessential staff and family to leave the country, citing that protests against the International Criminal Court's indictment of the Sudanese president could increase the danger of anti-Western violence.

Czech Republic

A historic jewel hidden away at the heart of Europe, the Czech Republic packs a lot of punch for such a small country. No bigger than Scotland...

Uptick rule eyed, Fed chief backs accounting tweak

U.S. Regulators will consider reviving the uptick restriction on short-sellers of stocks and a top monetary official lent his support on Tuesday to modifying an accounting rule that has forced banks to take billions of dollars in writedowns.

Bernanke says G20 should guide regulatory revamp

Federal Reserve Chairman Ben Bernanke on Tuesday said leaders from the Group of 20 rich and developing economies should agree early next month on principles to guide nations as they revamp financial rules to prevent future crises.

U.S.-China spat raises tension

The United States accused China on Tuesday of adopting a more aggressive military stance as a naval confrontation sparked anger in Beijing and raised tensions ahead of a U.S. visit by China's foreign minister.

Citigroup's Pandit says bank profitable, shares soar

Citigroup Inc was profitable in the first two months of 2009 and is confident about its capital strength, Chief Executive Vikram Pandit said, easing concerns about the bank's survival prospects and sending its shares up 38.1 percent.

Madoff waives indictment, to plead guilty

There was a fair expectation that accused swindler Bernard Madoff will plead guilty on Thursday to criminal charges in Wall Street's biggest fraud, his lawyer said in court on Tuesday.

AT&T sets '09 budget cuts, to add some jobs

AT&T Inc on Tuesday said it would invest $17 billion to $18 billion through capital spending in 2009, in line with its previously announced plan to cut spending by up to about 15 percent.

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