IBT Staff Reporter

149641-149670 (out of 154954)

Japan's ANA suspends all Bombardier planes

All Nippon Airways Co. (ANA) said on Thursday it had suspended all flights using 14 Q400 aircraft made by Canada's Bombardier Inc after the Canadian government said the craft must be inspected.

Paulson says market woes will penalize growth

The U.S. economy will be penalized by the current crisis in credit markets but the overall outlook was still benign, U.S. Treasury Secretary Henry Paulson said in a newspaper interview published on Thursday.

Subprime tension has increased growth risks: ECB

Risks to global expansion have recently increased due to tensions in the U.S. subprime mortgage market and there are fears of growing spillovers to other segments, the European Central Bank said on Thursday. Global economic activity remained robust, however, supported mainly by buoyant activity in emerging economies, the bank said.

Surging euro hits Europe stocks; money market calms

The euro surged to a lifetime high against the dollar on Wednesday, weighing on European shares as investors remained nervous over the health of the U.S. economy even with an expected interest rate cut there next week.

Oil hits record over $80 on tight supply

Crude oil prices vaulted to a record high $80 a barrel on Wednesday as dealers focused on tight inventories in top consumer the United States ahead of peak winter demand. The surge in oil prices came a day after OPEC agreed to a small production hike in an effort to soothe consumer nations' fears that soaring crude costs could slow economic growth.

Wal-Mart's new slogan highlights savings

Wal-Mart is getting rid of its well known tag line, and replacing it with a new one today as it moves ahead with new advertising after a tough year where the retailer's profit dipped.

U.S. Stocks flat as oil data looms

Stocks were little changed on Wednesday as investors awaited U.S. data on oil inventories, while oil prices extended a rise to record highs, potentially straining consumer spending and corporate profits.

Wireless carriers sued for patent infringement

NTP Inc, which last year won a $612.5 million settlement from the maker of Blackberry, has sued four of the top U.S. mobile service providers for infringing eight patents related to wireless e-mail.

Cell phone use safe in the short-term

Cellular phones do not pose short-term health risks, but it remains too soon to say whether they can cause brain cancer or whether children face greater risks than adults, British scientists said on Wednesday.

Home loan demand rises as interest rates tumble

Mortgage applications rose for a second straight week, fueled by demand for home loans as interest rates sank to their lowest since May, an industry group's figures showed Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, rose 5.5 percent for the week ended September 7.

Nasdaq says OMX shareholders prefer its bid

Nasdaq Chief Executive Robert Greifeld said on Wednesday the unvarying response from OMX shareholders has been that they prefer its bid to a rival higher cash bid from Borse Dubai.

Blu-ray, HD DVD battle intensifies as Sony unveils new recorders

The battle for supremacy in the optical disc technology between world's No.2 consumer electronics company, Sony Corp.'s Blu-ray and rival Toshiba's HD DVD, has intensified with Sony announcing that it will launch four models of new Blu-ray high-definition (HD) optical disc recorders in November in Japan.

Sub-prime crisis makes Americans take refuge in credit cards

The housing downturn in the United States - the worst the country has seen in the last 16 years - has made home equity lines of credit more difficult to obtain, forcing consumers back to relying more on their credit cards to finance purchases.

Japan PM Abe resigns over anti-terrorism policy

Japan's Prime Minister Shinzo Abe announced his resignation, Wednesday, over his failure to win backing from politicians for an extension to a Japanese naval mission providing refueling support to US-led operations in Afghanistan.

Big quake hits Indonesia's Sumatra region

A powerful quake struck measuring 7.9 struck near Indonesia's Sumatra island on Wednesday triggering tsunami warnings in Indonesia, Malaysia and India, officials said.

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