IBT Staff Reporter

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Fund proxy voting blurry despite info deluge

Three years after mutual funds first started disclosing how they vote on proposals at company meetings, investors are still struggling to get a clear picture on where their funds stand on key corporate issues.
Sep 15, 2007

Investment adviser asks if wealthy are necessary

At a time when a CEO of a large U.S. company is likely to earn in one day what the average worker does in a year, an investment adviser takes the income-disparity controversy a few steps further in Are the Rich Necessary?
Sep 15, 2007

Greenspan criticizes Bush policies in memoir

Former Federal Reserve Chairman Alan Greenspan sharply criticizes President George W. Bush's administration and Republican congressional leaders in his memoir for putting political imperatives ahead of sound economic policies, several newspapers reported on Friday.
Sep 15, 2007

Week ahead: Stocks may rise on expected interest rate cut

Wall Street expects Federal Reserve policy-makers to cut interest rates next Tuesday to help ease a global credit squeeze, a much anticipated event that spurred stock prices higher this week and could boost them next week.
Sep 14, 2007

Iraq leaders failing to meet key goals: White House

A day after President George W. Bush cited enough progress in Iraq to justify U.S. troop reductions, the White House told Congress on Friday that Iraqi leaders had failed to meet half of their key goals.
Sep 14, 2007

U.S. launches flash memory price fixing probe

Flash memory makers, whose products are used in some some of the most popular consumer electronics devices - including cell phones, video cameras and digital music players - are are once again in the sights of federal prosecutors.
Sep 14, 2007

Markets Gain Despite Housing Woes

Stocks edged up slightly on Friday as expectations of an interest rate cut off-set concerns of a weakening U.S. housing market.
Sep 14, 2007

Solar industry sees boom in sunny Italy

Italy may soon become Europe's next frontier for solar energy as new incentives prompt investors to bet on higher returns than in Germany, which has less sun but is currently the hub of a growing global market.
Sep 14, 2007

Northern Rock Plunges on Emergency Funding

Shares of Northern Rock Plc's plunged after the mortgage lender said it was unable to line up short-term loans from other financial institutions, and received emergency funding from the Bank of England.
Sep 14, 2007

Dollar edges up but Fed rate cut remains in focus

The dollar edged up against the yen on Friday but remained near a record low against the euro as consumers braced for what is expected to be the first reduction in U.S. interest rates in four years next week.
Sep 14, 2007

Hovnanian shares rise on weekend sale buzz

Shares of U.S. new home builder Hovnanian Enterprises rose nearly 10 percent on Friday amid an ongoing housing downturn on buzz about a weekend sale which starts today.
Sep 14, 2007

New Google Earth satellite to launch next week

DigitalGlobe, provider of imagery for Google Inc.'s interactive mapping program Google Earth, said a new high-resolution satellite will boost the accuracy of its satellite images and flesh out its archive.
Sep 14, 2007

iPhone headed for Germany: source

Deutsche Telekom has clinched an exclusive deal with Apple Inc to sell the coveted iPhone in Germany, an industry source told Reuters.
Sep 14, 2007

India's Mahindra out of race for Ford brands

India's Mahindra & Mahindra has decided not to bid for Ford Motor Co's Land Rover and Jaguar brands, the Economic Times reported on Friday, citing investment banking and industry sources.
Sep 14, 2007

Bank of America latest to tap Japan for funds

Bank of America sold 230 billion yen ($2 billion) of global bonds on Friday, sources said, joining a handful of major banks that have sought to raise cash in Japan's stable credit markets.
Sep 14, 2007

Paulson predicts economic growth to continue

Treasury Secretary Henry Paulson said on Friday that it will take time to work through the problems contributing to current financial market turmoil but expressed confidence U.S. growth will not be derailed.
Sep 14, 2007

Merrill warns of securities value adjustments

Merrill Lynch & Co warned on Friday that shaky credit markets forced the world's largest brokerage to adjust the value of securities linked to risky subprime mortgages and other products, a move that could hurt third-quarter profit.
Sep 14, 2007

UK housebuilders down on weak home prices, mortgage woes

Shares in British housebuilders fell sharply on Friday, with sector leaders skidding over 8 percent, as reports of falling house prices and liquidity problems at mortgage lender Northern Rock raised concerns over reduced home demand.
Sep 14, 2007

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