IBT Staff Reporter

147301-147330 (out of 154954)

Saudi dangles prospect of going to Annapolis

Saudi Arabia has not ruled out the possibility of taking part in a Middle East peace conference with Israel next week, according to comments by Crown Prince Sultan carried by state television on Thursday.

Thanksgiving getting costlier for families

The cost of Thanksgiving is soaring, according to investment bank Merrill Lynch & Co, which may help explain the gloom among U.S. consumers as they head into the holiday season.

Court clears way for Musharraf's second term

Pakistan's Supreme Court, stacked with judges friendly to President Pervez Musharraf, on Thursday threw out a final challenge to his re-election and paved the way for him to quit as army chief.

Daimler hurt by dollar but sees no U.S. recession

Daimler AG Chief Executive Dieter Zetsche does not expect the U.S. economy to contract as a result of high oil prices and the real estate crisis. The CEO also rebutted Wednesday's market speculation that Cerberus, which bought an 80 percent stake in Chrysler from Daimler earlier this year, had called on the German carmaker to extend a $1.5 billion loan.

Larsen & Toubro, Raytheon to partner for combat aircraft programme

India's top engineering and construction firm Larsen & Toubro Ltd. (L&T), has signed a memorandum of understanding (MoU) with Raytheon for the U.S. firm's medium multi-role combat aircraft program that will help develop superior defense technology for India's military forces.

Marks & Spencer to set up JV in India

Britain's biggest clothing retailer, Marks & Spencer Group Plc., is planning to set up a joint venture in India, the Economic Times reported on Monday.

HPCL plans to inject $4.5 billion over 5 years

India's second largest refining and oil marketing company Hindustan Petroleum Corporation Ltd (HPCL) plans to inject $4.5 billion over a period of five years in fields of exploration, gas marketing and petrochemicals.

AT&T signs $6 mln US Airways contract

AT&T signed a two-year $6 million contract for providing U.S. Airways with wireless and wire line services for its cargo tracking operations as well as internal support of the airline's employees.

FOX pushes ratings ahead of Thanksgiving

FOX was the winner in the adults 18-49 demographics category for the week ending Sunday, making it the first time it won before Thanksgiving since 1998, Nielsen Media Research said Tuesday.

How Goldman Celebrates Thanksgiving

Just in time for Thanksgiving, the financial experts at Goldman Sachs -- who earned a Wall Street record profit of $9.34 billion in 2006-- are setting up a charity fund which they expect to grow to more than $1 billion within the next few years.

Dollar sinks to 2-year low vs yen, euro hits highs

The yen surged to its highest level against the dollar in more than two years on Wednesday as investors pared back exposure to risky trades on worries about credit market losses and the health of the U.S. economy.

Bank investors prepare flood of ballot measures

U.S. activist investors are preparing a flurry of corporate ballot measures at Wall Street banks in hopes that some big items on their wish lists, such as CEO pay reforms, will gain new traction amid the subprime lending crisis.

Online sales ease crunch for package giants

Officials at UPS said in October that its growth this peak season would be slower than in the previous four years. FedEx last week cut its forecast for the company's current quarter that ended November 30, citing fuel costs and weak freight volumes in its trucking unit.

U.N. aid agency seeks YouTube ads

The United Nations' food aid agency has called on budding film-makers to help it raise awareness of hunger and bring the reality of abject poverty and suffering to the YouTube generation.

US Stocks stumble before Thanksgiving

US stocks fell to the lowest its been in three-months on Wednesday, following the growing unease over the economic outlook and weakening credit markets.

N. Rock gets more approaches, but pitched low

Stricken British bank Northern Rock (NRK.L) has received more rescue proposals, but warned that one of them contemplated an offer well below Tuesday's closing price, sparking a new slide in its shares on Wednesday.

Mortgage applications drop in week

Mortgage applications fell last week, with demand for both refinancings and home purchases waning, an industry group said on Wednesday. The Mortgage Bankers Association's seasonally adjusted mortgage application index fell 3.6 percent to 681.7 in the week ended November 16.

Deere net surges on ag sales

Deere & Co. (DE.N) reported better-than-expected earnings on Wednesday, and provided an upbeat outlook for the coming year, as strong sales to farmers worldwide offset a downturn in construction sales, especially in the United States.

Sabotage hits French railways

Saboteurs staged a coordinated attack on France's high-speed rail network early on Wednesday, causing nationwide delays to services already hit by an eight-day transport strike, the SNCF state railways said.

Consumers glum on eve of key shopping season

The mood among consumers hit the skids in November as gasoline prices soared and the housing market downturn threatened to ensnare more Americans, a report showed on Wednesday.A drop in weekly mortgage applications, signs of stress in the labor market and crude oil prices on the cusp of $100 per barrel threw up caution flags on the eve of the critical holiday spending rush.

Investors cool on Tata, Mahindra bids for Ford brands

Buying Ford Motor Co's premium Jaguar and Land Rover brands would catapult Tata Motors or Mahindra & Mahindra onto the global stage, but doubts either Indian automaker can successfully pull off such a deal are weighing on their share prices.

Honda Fit wins Japan's Car of the Year award

Honda Motor Co's redesigned Fit subcompact won Japan's Car of the Year award, beating finalists including Nissan Motor Co's Skyline and Fuji Heavy Industries Ltd's Subaru Impreza.

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