IBT Staff Reporter

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Tenet Secures $800M Revolving Credit Facility

Tenet Healthcare Corporation said on Wednesday it had secured a five year, $800-million revolving credit facility with a group of banks led by Citigroup and Bank of America.
Sep 28, 2006

NAR: Banks and Commerce Must Not Mix

The National Association of Realtors expressed concern on Wednesday over the expansion of banking powers by the Office of the Comptroller of the Currency, an agency within the Department of the Treasury.
Sep 28, 2006

Honda to Create 700 UK Jobs

Honda today announced an increase in production at its Swindon Car Plant, a move which should create an extra 700 jobs in the UK.
Sep 28, 2006

ICAP Trade Update

ICAP, the interdealer broker today announced a trade update ahead of the closed period following its financial half year ended 30th September 2006.
Sep 28, 2006

BVG Acquires Climax Racing

Buena Vista Games, Inc, (BVG) today announced that it had acquired Climax Racing from Climax Group Ltd.
Sep 28, 2006

Wendy's says Horton's spin-off on schedule

Restaurant operator Wendy's International Inc. on Thursday said a U.S. district judge in New York denied a noteholders' suit seeking to enjoin a planned spin-off of Canadian coffee shop chain Tim Hortons Inc, in which Wendy's is the majority shareholder.
Sep 28, 2006

China Leads in Semiconductor-Spending Growth

While the Unites States still leads the world with nearly 40 percent of global semiconductor purchasing, China is expected to achieve the leading growth among the top 10 nations, according to research released on Thursday.
Sep 28, 2006

AMD, Founder to Bring Processors to China

Semiconductor firm Advanced Micro Devices (AMD) announced on Thursday that they are teaming up with a China's second largest PC provider, providing processors to the company's whole line of offerings.
Sep 28, 2006

Software to Shift Towards Service Model: Report

Within five years, a quarter of all software sales wont come in traditional off-the-shelf packages as they do today, but they will be hosted on remote servers, with users paying per usage, one research firm states.
Sep 28, 2006

Jobless claims fell by 6,000 last week

New claims for U.S. jobless aid fell by a slightly more-than-expected 6,000 last week, Labor Department data showed on Thursday, and remained at levels suggesting a stable jobs market.
Sep 28, 2006

Interview: Google Explores the World

Google Inc.'s Michael Jones likes to take pictures with a super high-resolution camera like those used on spy planes during the Cold War.
Sep 28, 2006

Housing sector hurting but economy to survive

A slowing U.S. housing market may not indicate that the broader national economy is sickly.Despite months of glum news about slow housing sales and faltering new construction, many economists
Sep 28, 2006

Renault, GM seek to bridge differences: Ghosn

Renault Chief Executive Carlos Ghosn said negotiators were trying to resolve differences in auto alliance talks between the French automaker, Japan's Nissan and General Motors.
Sep 28, 2006

HP Execs Take Center Stage in Hearing

U.S. lawmakers on Thursday plan to shine a spotlight on Hewlett-Packard Co.'s snooping into the telephone records of some board members and journalists, a practice that Congress may soon ban. Chief Executive Mark Hurd and former chairman Patricia Dunn will tell their side of the story.
Sep 28, 2006

MySpace May Be Worth $15 Billion

MySpace, the social networking Web site, could be worth around $15 billion within three years, measured in terms of the value created for shareholders of parent company News Corp., a Wall Street media analyst forecast on Wednesday.
Sep 28, 2006

Vodafone rolls out own, China-made 3G phones

Vodafone Group Plc launched its first own-branded 3G handsets on Thursday, as the mobile phone giant tries to expand in the market for higher-paying third-generation services by luring more pre-pay users.
Sep 28, 2006

Softbank Unveils 13 New Cellphones From Oct.

Japan's Softbank Corp. (9984.T) unveiled 13 new cell phone models on Thursday to compete with bigger rivals when a rule change in October lets mobile phone users keep their phone numbers if they switch carriers.
Sep 28, 2006

Technical hurdles delay mobile Skype: CEO

Most mobile phone users will still have to wait some time for Internet telephony company Skype's mobile service because of technical hurdles and a lack of suitable handsets, Skype's chief executive was quoted as saying in a Finnish newspaper on Thursday.
Sep 28, 2006

Mitie says trading in order

Cleaning and maintenance company Mitie Group said on Thursday it had continued to perform in line with management expectations, with good levels of organic growth.
Sep 28, 2006

GCap sees like for like revenues down

Radio firm GCap Media said on Thursday it expected first half like for like revenues, excluding its Capital Radio station, to fall around 4 percent against last year's proforma results.
Sep 28, 2006

Grainger Trust gets bid approach

Grainger Trust, the country's largest quoted residential property investor, said on Thursday it had received an approach that could lead to an offer for the company
Sep 28, 2006

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