Investor Carl Icahn on Friday raised his offer for the senior notes of bankrupt CIT Group to $650 per $1,000 of principal notes tendered.
IBT Staff Reporter
Nov 13, 2009
Nissan Motor Co Ltd will keep the price of its upcoming battery-powered Leaf competitive with similar-sized cars and expects to make money on the vehicle despite the cost of its launch, Chief Executive Carlos Ghosn on Friday.
IBT Staff Reporter
Nov 13, 2009
The Philippines will lift a three-week long cap on fuel prices on its main island of Luzon on Monday, President Gloria Macapagal Arroyo said, responding to a clamour from oil firms. Subject to compliance to all agreements, we can now lift EO (Executive Order) 839, Arroyo told representatives of oil companies on Friday.
IBT Staff Reporter
Nov 13, 2009
It's still not cheap, but Livin' La Vida Madoff may now cost a bit less. Asking prices for homes once occupied by now imprisoned Ponzi schemer Bernard Madoff in Manhattan's Upper East Side and in Palm Beach, Florida, have been cut, after about two months on the market.
IBT Staff Reporter
Nov 11, 2009
The Philippines edged closer on Tuesday to lifting a cap on fuel prices in the typhoon-stricken island of Luzon, after the country's president urged a government panel to decide if the area's calamity status should be removed.
IBT Staff Reporter
Nov 10, 2009
A Forex market transaction differs from a retail transaction. In a retail environment, the price is predetermined by the seller, and the purchaser measures his need for the item against the price asked and makes his decision to buy or not. In a market transaction, both the seller and the buyer continually adjust their price expectations to the information flowing out from the market to its participants and into the market from outside sources. A seller who thinks that the price may be higher in ...
IBT Staff Reporter
Nov 09, 2009
Dollar General is set to go public next week, but the discount retailer could see mixed results in its closely watched initial public offering as its private equity backers have valued the company richly.
IBT Staff Reporter
Nov 06, 2009
Wal-Mart Stores Inc on Monday announced its second round of price cuts on toys as the world's biggest retailer backs up its intention to be the price leader this holiday shopping season.
IBT Staff Reporter
Nov 02, 2009
More than 5,500 children across Africa have been given an experimental new malaria vaccine and the British drugmaker behind it, GlaxoSmithKline, promised on Wednesday that price would be no hurdle if it works.
IBT Staff Reporter
Oct 29, 2009
Germany's Lufthansa and the airline industry's representative body provided a gloomy outlook for the sector as carriers around the world struggled to make a profit amid a fierce battle for business.
IBT Staff Reporter
Oct 29, 2009
After weeks of buzz, Verizon Wireless today officially took the wraps off the Droid, a smartphone built by Motorola and powered by Google's Android 2.0 operating system, by confirming the new phone will hit stores on November 6.
IBT Staff Reporter
Oct 28, 2009
The gains in U.S. home prices in recent months may not be sustainable and increases in some areas of the country appear to be in bubble territory, an economist known for his property market expertise said on Tuesday.
IBT Staff Reporter
Oct 27, 2009
Wall Street analysts on Tuesday cut their price targets on Baidu Inc, after China's dominant search engine forecast a sequential decline in fourth-quarter revenue due to the transition to a new Internet
advertising technology.
IBT Staff Reporter
Oct 27, 2009
Brokerages raised their price targets on Microsoft after the software giant's quarterly results smashed Wall Street expectations on Friday.
IBT Staff Reporter
Oct 26, 2009
Idea Cellular, India's fifth-ranked mobile operator, posted a 53 percent rise in quarterly profit on higher users, but warned a price war in the world's fastest-growing wireless market will continue for some time.
IBT Staff Reporter
Oct 26, 2009
The American Booksellers Association has asked the U.S. Department of Justice to investigate a recent price war on books sold online between such retail giants as Wal-Mart Stores Inc, Amazon.com Inc and Target Corp ahead of the holidays.
IBT Staff Reporter
Oct 22, 2009
Softer-than-expected U.S. housing starts last month and a drop in prices paid at the farm and factory gate pointed to an anemic economic recovery, backing views that interest rates could stay low for a while.
IBT Staff Reporter
Oct 20, 2009
Apple updated its entire Mac lineup on Tuesday, including its desktop iMacs, a new unibody MacBook, the Mac mini, and the newest addition to the Apple product line is a wireless, multitouch mouse. The company rolled out the new products just ahead of Window's 7 debut. Coincidence?
IBT Staff Reporter
Oct 20, 2009
Apple shares continued to trade higher Tuesday morning after the company reported a 47 percent jump in quarterly profits, driven by better-than-expected sales of iPhones, Mac computers and iPods.
IBT Staff Reporter
Oct 20, 2009
The new electronic reader from Barnes & Noble Inc, expected to launch on Tuesday, features color, a touchscreen display and the same price tag as Amazon.com Inc's Kindle, the Wall Street Journal reported on Monday.
IBT Staff Reporter
Oct 19, 2009
Indian Oil Corp, the country's biggest petroleum products retailer, is unlikely to be affected by the surge in global oil prices as the average price of Indian imports was still around $63 to $64 a barrel, its chairman said on Friday.
IBT Staff Reporter
Oct 16, 2009
Despite the recent market decline, Americans are still willing to borrow a large amount of money to buy a home because they are convinced that housing values will rise, writes Robert J. Shiller in his monthly New York Times column.
IBT Staff Reporter
Oct 12, 2009