IBT Staff Reporter

140701-140730 (out of 154954)

Dow, S&P buoyed by oil; Nasdaq falters on techs

U.S. stocks mostly rose on Friday, with the Dow and S&P rebounding late in the day to end higher as surging oil prices lifted energy stocks and offset a sell-off in technology shares on bets that the slowing economy will sap consumer spending on gadgets.

Climate change forecasts are useless for policy making

Even as we struggle with serious global financial and economic difficulties, some people believe manmade global warming is a real problem of urgent concern. Perhaps this is because, almost every day, media outlets quote “experts” who predict that soaring temperatures, rising sea levels, increasing storms, prolonged droughts and other disasters will result from human activity.

U.S. needs to do more on climate: EU official

The United States must make deeper cuts in greenhouse gas emissions than proposed by President Barack Obama if the world is to stand a chance of avoiding devastating climate change, an EU official said.

Dow, S&P rise on oil; Nasdaq drops on big-cap tech

U.S. stocks mostly rose on Friday, with the Dow and S&P rebounding late in the day to end higher as surging oil prices lifted energy stocks and offset a sell-off in technology shares on bets that the slowing economy will sap consumer spending on gadgets.

Wall St. hit by Apple, banks and grim jobs data

Stocks fell to further 12-year lows on Friday as a bearish brokerage view on Apple Inc prompted a sell-off in technology shares and overhanging fears about the banking system's future weighed.

Madoff may soon plead guilty

New York financier Bernard Madoff, accused of a $50 billion Ponzi scheme, may be near a plea deal with prosecutors.

Dow and Rohm in talks on disputed deal

Dow Chemical Co and Rohm and Haas Co said they are back at the bargaining table to try to settle litigation related to their proposed merger, sending both companies' stock up more than 15 percent.

Madoff takes first step to pleading guilty

Accused swindler Bernard Madoff took the first public step to pleading guilty to criminal charges of masterminding Wall Street's biggest fraud, according to court papers on Friday.

Cabinet-level members of U.S. autos task force meet

Senior members of the Obama administration's auto industry task force are meeting on Friday at the White House to review the status of restructuring efforts at General Motors Corp and Chrysler LLC, officials said.

Best Hotel Hot Tubs

Luxurious hot tubs from bucolic China to downtown Manhattan have more than warm water in common—the views are incomparable...

Best Affordable Beach Resorts

Fashionable beach retreats and bargains aren’t always mutually exclusive. From a sandy retreat in Mexico to a shingled Cape Cod inn, here are our favorites for $250 or less...

Stock indexes dip to 12-year lows

On March 5, America saw its stocks plummet to their lowest levels in more than 12 years as one of the world's most well known banks, and an icon of American manufacturing traded like money on monopoly board game.

Roche ups Genentech bid to $45.7 billion

Roche Holding AG has raised its offer to buy out the minority shareholders of U.S. biotech group Genentech Inc to $93 a share from $86.50 and extended its offer to shareholders by a week.

World's Craziest Party Towns

Go ahead—get crazy in these 10 festive hot spots around the globe. You won’t be alone. “Goths in black leather sit next...

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