UNITED STATES

Fed Officials Stand Pat But Ready To Act If Needed

The Federal Reserve on Wednesday offered a gloomier view of the economy as the labor market showed no sign of improvement since its last meeting. However, despite mounting signs of a sharp slowdown in the U.S. economy, central bank officials decided to take more time to make up their mind and refrained from enacting another monetary stimulus.
US Federal Reserve

US Federal Reserve Say Economy Has Weakened, But Keeps Policy The Same

The U.S. Federal Reserve Wednesday lowered its view of the U.S. economy, but kept interest rate policy and its non-traditional quantitative easing policy the same. The Fed said it now sees "economic activity decelerated somewhat over the first half of the year," compared to a previous view of the "economy has been expanding moderately."
More news
IBTimes Logo

US GSA Embroiled In New Spending Scandal

Disclosure of another lavish party thrown by the U.S. government's buildings and procurement agency prompted fresh attacks on Thursday from Republican lawmakers on wasteful Washington spending under President Barack Obama.
Comparison of ADP Employment Report 'surprise' against economist estimates and level of divergence between consensus and Labor Department data shows ADP report is a bad forecaster of government data

Positive Employment Report Data Nothing To Cheer About

The ADP employment report out Wednesday morning seemed to have a bit for everyone, with both optimists and pessimists claiming the data release supported their views. A slightly more nuanced view of the data seems to hand the case to the bears
#NBCFail 2012 Coverage: NBC Compares Justin Bieber To Winning Olympics Gold

#NBCFail 2012 Coverage: NBC Compares Justin Bieber To Winning Olympic Gold

NBC is the only American broadcast distributor for the London 2012 Olympics, and despite its efforts to bring high-production value to its Olympic coverage, it continues to receive significant criticism for its Olympics coverage. Now, any time NBC slips up, viewers go to Twitter and note their criticisms with the hashtag, #NBCFail. In covering the American women's victory in gymnastics on Tuesday, one NBC writer compared winning gold to getting a tweet from Justin Bieber. O. M. G.
hip fracture

Fewer Hip Fractures After Cataract Surgery

New findings don't prove vision-improving procedures prevent falls or breaks in elderly people. But they do suggest eyesight plays a role in those accidents and injuries, researchers said.
Chrysler Monicatti Motors auto dealership is seen in Sterling Heights, Michigan

Chrysler Group July Car Sales Surge

Chrysler Group LLC, a subsidiary of Italian Fiat SpA (Milan: F), reported its best July U.S. car sales since before the recession Wednesday.
IBTimes Logo

July Private-Sector Added 163,000 Jobs: ADP

The U.S. private sector added more jobs than forecast in July, ADP reported on Wednesday, giving the market some relief after three sluggish months as it awaits Friday's government employment report.
General Motors headquarters at the Renaissance Center in Detroit

General Motors Earnings Preview 2Q 2012: Opel Drags Margins, And EPS Down

General Motors Company (NYSE: GM) is expected to report profits down 51.7 percent for the second quarter of 2012 as the company continues to slog through an uphill battle to restructure its loss-making European Opel-Vauxhall unit and to sell through high levels of North American inventory.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.