IBT Staff Reporter

Japan stocks continued to rise for fourth-straight-day Friday due to weaker yen against dollar. Investors eased fears over the U.S. economic situation but are still waiting for a number of companies ...

U.S. crude oil prices jumped today above the record high of $115.54 posted on Thursday, as a sabotage in a pipeline in Nigeria rose concerns that demand may increase.For the first time, oil futures...

Citigroup Inc, the biggest U.S. bank by assets, avoided more severe expectations for losses on Thursday after reporting a $5.1 billion loss in its first quarter, sparking a relived rally among invest...

U.S. stocks rallied on Friday after results at Google Inc. and Caterpillar Inc. were above analyst' expectations and investors were relived Citigroup Inc.'s writedowns were not as bad as ex...

By Jon Nadler Weighed down by a retreat in crude oil and the dollars ascent to 72 on the index, gold prices took a nearly 2% tumble in the early morning prior to the New York opening.Yeste...

The FTSE 100 share index fell 65.8 points to 5,980.4 on Thursday (down 1.1 per cent).Banks had mixed fortunes with HSBC down 1.1 per cent, Standard Chartered down 1.2 per cent. Alliance & Leice...

Prime Minister Gordon Brown said on Thursday that he and US President George W. Bush would be doing whatever is necessary to ensure that the UK and US economies resume their paths of upward growth....

Prudential Plc said on Thursday that its total sales went up 13 per cent in the first three months of 2008, compared with the same period last year. The insurers' total sales reached £729 ...

By Whiskey Gunpowder US treasury secretary Hank Paulson just proposed giving the Federal Reserve broad powers to regulate the financial industry, writes Fred Sheehan for Whiskey...

By Adrian Ash If WallStreet stock can surge 200 points on falling earnings, an 11% drop in housing starts, and a 16 year record for consumer price inflation just as the Dow Jones Industrial...

Procter & Gamble Co. shares fell more than 2.5 percent on Thursday after Deutsche Bank Securities slashed its rating on the stock on slowing sales of beauty products.P&G fell $1.71, or 2.47...

The torch relay's first stop on Chinese soil is Hong Kong on May 2, a community torch relay will be held tomorrow (April 18) to test the route.The government will have a special traffic arrang...

According to the Dow Jones news agency, China UnionPay Co. president Rod Xu said on Thursday that some foreign banks have been granted the right to issue UnionPay cards in China.Xu did not tell whi...

States are investigating how banks and securities firms marketed auction-rate securities to investors as recent failures in the credit markets have prevented many from liquidating the investment inst...

Chinese vehicle exports maintained a growth rate of 88 percent, making annual projected exports more than 1 million this year, according to Zhang Ji, a director of the electrical and mechanical divis...

Capital One Financial Corp., the credit and banking company, said its first-quarter profit fell 9 percent on continued pressures on U.S. companies amid the ongoing credit and mortgage crisis.The Mc...

E*Trade Financial posted a larger-than-expected first-quarter loss on late Thursday, as the online broker struggle to pare its ailing business amid the ongoing credit and mortgage crisis.The New Yo...

High fuel costs were cited as the main reason behind a sharp decline in first quarter results at two of the nation's healthiest carriers.Continental Airlines Inc. reported a loss in the quarte...

Advanced Micro Devices, Inc reported is sixth straight quarterly loss on Thursday but share closed nearly 2 percent higher as results met Wall Street analysts' expectations.AMD piled another $...

By Jon Nadler After scaling up to $953.90 on the back of a new record of $115.50 in crude oil, gold prices turned back to the low $940's as the US dollar climbed to near 71.70 on the index....

Intuitive surgical Inc. published its first quarter profit rose 88 percent stating the company's net income was $44.8 million or $1.12 per share compared to $23.8 million or 62 cents a share on ...

Cubist Pharmaceuticals Inc. reported on Thursday its first quarter 2008 net income was $17.9 million or 26 cents a share.Last year the company posted earnings of $5.6 million or 10 cents a share. A...

Dell announced plans on Thursday to expand its business in China by selling desktop and notebook computers at Suning, and doubling the number of Gome stores that carry Dell machines.Suning is China...

Google posted a 30 percent increase in its first quarter profit, exceeding the forecasts that had cited concerns of the weak U.S. economy and a decline in advertising spending.The results pushed Go...

Rice advanced in Chicago after Turkey and Philippines sought cargoes of the grain due to declining global supplies. Rice for May delivery increased by 3.3 percent or 75 cents, to $23.30 per 100 pound...

Pfizer Inc. world's largest drug maker reported on Thursday its profit in the first quarter slumped 18 percent as generic competition slashed sales of drugs.The company's revenue fell to ...

A clinical study shows antidepressant Prozac could be used to heal other conditions caused by brain cell dysfunction such as the lazy-eye.In the study, Prozac returned old brain cells to a more p...

Southwest Airlines Co. did better than most other airlines in the first quarter, as increased revenue and fuel hedging allowed it to beat earnings expectations and post a $34 million, or 5 cents a sh...

Crude declined slightly on Thursday after reaching an all time record high on a report that U.S. crude and gasoline inventories fell.Crude inventories dropped more than expected last week by 2.36 m...