IBT Staff Reporter

China's stock slipped to a nearly 13-months closing low on Friday.PetroChina breaks its initial public offer (IPO) price for the first time since the stock issued in Shanghai last October.Th...

GFI group Inc. said on Friday that the now-former head of the firm's North American Product brokerage resigned and the company acknowledges more desertions are pending GFI said.GFI believes t...

Standard & Poor's stated on Friday that it could lower its ratings on Harley-Davidson Inc. due to a weak motorcycle market outlook in the United States.S&P has an A corporate credit r...

Sonic Corp., the nation's largest chain of drive-in restaurants, named a new president and chief operating officer which will allow its CEO to focus on system expansion and brand development str...

Tyson Foods Inc. announced late Friday it will shut down its meat processing plant in York, Neb. as part of its plan to merge some of its ready-made foods business.The closure of the facility will ...

Tyson Foods Inc., the world's largest meat processor, said it will shut down a plant in York, Nebraska, eliminating 110 jobs as part of an ongoing effort to improve production efficiency, the co...

By Jon Nadler Heavily weighed down by an initial retreat in crude oil and the dollar's rapid ascent to 72.22 on the index, gold prices took a nearly 4% tumble during the day of this final s...

By Edward Tapamor A number of factors have been underpinning the new highs set by the crude oil market this week. The most obvious is the perennial tightness in the market that will simply n...

Citigroup Inc, the largest U.S. bank by assets, announced a $5.1 billion first quarter loss along with more than $12 billion in writedowns linked the struggling mortgage and credit markets.We'...

An earnings windfall for Google Inc should benefit rival Yahoo Inc in buyout talks with Microsoft Corp, as investors view the results as proof of a robust online advertising market.Yahoo is enterin...

The weak U.S. dollar may help American multinational companies meet profit expectations in the quarters ahead, but the first sign of a reversal could eat away profits at a time when every cent counts...

While the data says no end in sight for the U.S. housing crisis, real estate agents are beginning to see signs of life among people looking for homes to buy around the United States.It's too...

Apple rescheduled the delivery of Mac computers to schools run by the New York City Department of Education (DOE) citing problems in the computers, intended for delivery, related to connecting to DOE...

Copper futures fell below $3.9 a pound in New York on Friday as the dollar recovered gains against the euro.Today, the dollar jumped 1 percent against a basket of six major currencies including the...

Soybeans continued rallying for a fourth straight weekly gain amid speculations that a strengthening economy may boost demand for fuel and food.Crude increased to $116.97 a barrel on signs of econo...

DirecTV Group Inc. won a trial following a $78.9 million patent verdict in favor of Finisar Corp. over the information transmission technology.The U.S. Court of Appeals for the Federal Circuit said...

Electronic Arts Inc. extended its tender offer for Take-Two Interactive Software Inc. to May 16 and also reduced the price for each share.The offer that EA made was supposed to expire Friday midnig...

Two year treasuries fell on Thursday on expectations that the Federal Reserve will be slowing rate cuts to avoid stoking further inflation.The two-year treasury note fell 2/32 in price to yield 2.1...

Former Fannie Mae CEO and two other former executives will pay $31 million under a settlement announced Friday to resolve claims they manipulated earnings to boost their own bonuses.Franklin Raines...

The dollar gained sharply against the euro on Friday after Citigroup reported results which bolstered speculation that financial markets are at or near the bottom of the credit crisis.The dollar ro...

U.S. retail sales of video games soared by 57 percent to $1.7 billion in March led by Nintendo's games and systems.Video game hardware and software sales, in March, were $1.7 billion with Nint...

Gold futures took a sharp plunge on Friday as the precious metal was pressured down by a rising U.S. dollar which lowered investors' demand.Gold for June delivery dropped $27.70 to end at $915...

Shares of Manpower Inc., the global employment services company, soared Friday after the company reported that its first-quarter profit increased 27 percent, citing growth in the firm's overseas...

The FTSE 100 share index inched up 24.3 points to 6,004.7 on Friday morning (up 0.4 per cent).Banks saw their fortunes decline with Barclays, HBOS, Lloyds TSB and Royal Bank of Scotland all down 1....

UK Coal has reported an increase in pre-tax profit of 292 per cent to £69.0 million, for the full year 2007. The company's earnings per share also rose 412 per cent to 59.9 per cent.UK C...

Members of trade union Unite are to stage a protest on Friday against Pizza Express after the sacking of one of its staff in a row about the distribution of tips.The demonstration is to take place ...

Punch Taverns has said that it had ended talks with fellow pub owner Mitchells and Butlers (M&B) on the grounds that any deal would not be in the best interests of the shareholders.M&B beca...

Shares of Honeywell International Inc. jumped 5.96 percent to $60.82 on Friday's afternoon trading in the New York Mercantile Exchange as the company reported its 2008 First quarter net income c...

AT&T Inc, the largest U.S. telecommunications provider, said it would cut about 1.5 percent, or about 4,650 of its workforce incurring a pre-tax charge of $378 million.The company says it is th...