China is confident that Europe will be able to overcome its debt crisis, Foreign Minister Yang Jiechi said, adding stability in the Eurozone was crucial for the global economic recovery.
IBT Staff Reporter
Nov 05, 2011
Some might argue that all Hollywood stars are overpaid, but Drew Barrymore and Eddie Murphy are in a league of their own, according to a survey conducted by Forbes.com and published on Thursday.
IBT Staff Reporter
Nov 05, 2011
The Reserve Bank of India (RBI) may consider reversing its tight monetary stance as inflationary woes begin to ebb next month, a top policy adviser said.
Raymond Ronamai
Nov 05, 2011
Interim CEO Sergio Ermotti will be appointed permanent CEO of Swiss bank UBS ahead of the bank's investor day on Nov. 17, a Swiss newspaper reported, citing unnamed sources close to the matter.
IBT Staff Reporter
Nov 05, 2011
PepsiCo Inc. has agreed to sell its interest in 24 soft-drink bottlers in China to the Hong Kong-listed Tingyi Holding Corp.
Bhaskar Prasad
Nov 05, 2011
The head of the U.S. futures regulator working on a sweeping review into the business practices of failed futures brokerage MF Global Inc. said he will not be participating in any further parts of the inquiry, a source told Reuters Friday.
IBT Staff Reporter
Nov 05, 2011
U.S. stock investors have had to take their own self-help course on living with uncertainty due to Europe's crisis, and they may need to draw on that next week because it is completely unclear when the next upheaval will come.
IBT Staff Reporter
Nov 04, 2011
Amidst the protests against Wall Street, the 1 percent has formed their own movement and is fighting back.
Michael Billera
Nov 04, 2011
Shares of Groupon rose from their $20 IPO price to close at $26.11, a 30.55 percent jump. However, the closing price was below its opening price of $28.
IBT Staff Reporter
Nov 04, 2011
Videocon Industries is looking to sell a 25 percent stake in its direct-to-home broadcast services business for roughly $75 million to $100 million.
Raymond Ronamai
Nov 04, 2011
Groupon Inc raised $700 million after increasing the size of its initial public offering, becoming the largest IPO by a U.S. Internet company since Google Inc raised $1.7 billion in 2004.
IBT Staff Reporter
Nov 04, 2011
Barry Sternlicht's Starwood Property Trust reported net income in the third quarter of $14.5 million, down from $22.7 million in the same period in 2010.
Roland Li
Nov 04, 2011
Stocks retreated on Friday after two days of gains as wealthier nations appeared to pull back from a European Union plan to broaden funding for a plan to deal with the region's sovereign debt crisis.
IBT Staff Reporter
Nov 04, 2011
Find out the best places to score both an amazing piece of art and a great deal on every continent!
IBT Staff Reporter
Nov 04, 2011
Calgary-based Central GoldTrust, a closed-end trust that holds gold bullion for investors, said Friday it sold 2.65 million units for $180 million.
Mike Obel
Nov 04, 2011
French luxury group Hermes raised its full-year sales forecast on Friday after third-quarter growth beat its initial target, pulled by buoyant demand for the 174-year-old brand in Europe, the Americas and Asia.
Hao Li
Nov 04, 2011
The U.S. economy added a modest 80,000 jobs in October -- below what economists expected -- but job gains for the prior two months were revised higher: September to 158,000 from the initially-released 103,000; and August to 104,000 from 57,000. And the latter suggests a job market that continues to heal.
Joseph Lazzaro
Nov 04, 2011
Quarterly net profit of HCL Infosystems plunged 74 percent as its flagship computer retailing business suffered in an economic slowdown worsened by lesser government investment in computing and office automation business.
Raymond Ronamai
Nov 04, 2011
Groupon Inc. raised $700 million after increasing the size of its initial public offering, becoming the largest IPO by an Internet company since Google Inc raised $1.7 billion in 2004.
IBT Staff Reporter
Nov 04, 2011
The top after-market NASDAQ Stock Market gainers are: Openwave Systems, GTX, Skullcandy, EV Energy Partners, and Arris Group. The top after-market NASDAQ Stock Market losers are: Optimer Pharmaceuticals, Keynote Systems, Entropic Communications, Glu Mobile, and Skyworks Solutions.
Balasubramanyam Seshan
Nov 04, 2011
Artist Geoffrey Raymond, famous for his paintings of troubled Wall Street figures, has found his next muse in MF Global Holdings Ltd's Jon Corzine.
keep for now
Nov 04, 2011
Groupon Inc raised $700 million after increasing the size of its initial public offering, becoming the largest IPO by an Internet company since Google Inc raised $1.7 billion in 2004.
IBT Staff Reporter
Nov 04, 2011
