IBT Staff Reporter

147781-147810 (out of 154954)

Warner Bros. says to buy TT Games

Warner Bros. home entertainment division said on Thursday it was buying UK-based games publisher TT Games, the business behind Traveler's Tales and the LEGO Star Wars series.

AMD taps graphics chip for data-crunching

Advanced Micro Devices Inc launched a new graphics chip on Thursday modified to crunch huge amounts of data, with potential customers in financial, engineering and scientific industries.

Armani woos Japan's shoppers with luxury playground

Japanese fashionistas queued around the block to spot celebrities and buy handbags at the opening of Giorgio Armani's new tower in Tokyo, showing that when it comes to a love for luxury labels, few can match Japan.

Countrywide lead director should quit, group says

A pension fund group has demanded that Harley Snyder resign as Countrywide Financial Corp's lead director and compensation committee chairman, saying he lacks the independence to make the largest U.S. mortgage lender's board accountable to shareholders.

Jobless claims fell by 13,000 last week

New applications for jobless aid fell unexpectedly last week, dropping by 13,000, but a more reliable moving average of these claims rose to the highest level in six months, government data on Thursday showed.

Finland mourns school shooting victims

Flags flew at half-mast across Finland on Thursday in mourning for eight people killed by an 18-year-old gunman at a school hours after he posted a video on YouTube predicting a massacre there.

Stock futures up on BHP bid, Alcoa higher

S&P 500 and Dow stock futures rose on Thursday as shares of natural resources companies, including Alcoa Inc, gained after BHP Billiton disclosed it had made a bid for rival miner Rio Tinto.

Global shares pressured by fresh credit fears

World stocks hit a two-week low on Thursday while the dollar remained vulnerable near the previous day's record lows as Wall Street tumbled on a fresh series of negative news on the U.S. mortgage and financial industry.

Dollar teeters near record lows

The dollar teetered close to its all-time lows against the euro on Thursday as the market waited to see whether the European Central Bank would voice concern about the sharp rally in the single currency.

Oil resumes march to $100

Oil recouped early losses to resume its march towards the $100-milestone on Thursday as resurfacing worries of tight winter supplies and continuing dollar weakness put the brakes on some early profit-taking.

China tells Iran to heed international pressure

China on Thursday urged Iran to heed rising international worry about its nuclear ambitions, saying Beijing would seek to work with Europe and the United Nations to defuse the crisis but holding its tongue on any new sanctions.

Musharraf says elections by February 15

Pakistani national elections will take place before February 15, President Pervez Musharraf said on Thursday, after Western allies and opponents had demanded polls be held on time and emergency rule scrapped.

Ford narrows loss and sees spin off deal

Ford Motor Co posted a narrower-than-expected quarterly loss on Thursday and said it was nearing a deal to spin off British luxury brands Jaguar and Land Rover. Shares of Ford rose almost 5 percent in pre-market trading. Ford said it expects to conclude a deal to sell Jaguar and Land Rover by early next year.

Ballard sells auto-fuel-cell business to Daimler and Ford

Ballard Power Systems, the Vancouver producer of hydrogen fuel cells, said it agreed to sell its automotive-fuel-cell business to Daimler AG of Germany and Ford Motor Co. of Dearborn, Mich. As payment, Ballard will receive the 34.3 million of its shares that Daimler and Ford hold.

Mobile Gaming Revenue Drops for Q2

The mobile-gaming market suffered a reversal of fortune in the second quarter of 2007 as revenues for title publishers declined by 9 percent sequentially, compared with 11 percent growth in the first quarter, according to iSuppli Corp.

Morgan Stanley sees $3.7 billion subprime hit

Morgan Stanley on Wednesday said it has suffered a $3.7 billion loss stemming from its U.S. subprime mortgage exposure, which it expects will reduce fourth-quarter earnings by about $2.5 billion. The Wall Street investment bank said the loss occurred in September and October, and might change before its fiscal quarter ends this month.

Poole Optimistic on More Fed Cuts

The outlook of the U.S. interest rate policy is asymmetric, with further rate cutting bigger than the potential for increases, said St. Louis Federal Reserve Bank President William Poole on Wednesday.

Pages