UNITED STATES

IBTimes Logo

European stocks, euro steady after sell-off

The sell-off in European stocks and the euro eased on Tuesday but concerns the region remains a long way from solving its sovereign debt crisis was seen likely to keep the pressure on.

Congress Panel Freezes $700M for Pakistan as Distrust Grows

Undated image taken from a video recording provided by the Pakistan Taliban
A crisis in U.S.-Pakistan relations looked set to deepen Monday night after a House-Senate negotiating panel froze $700 million in aid until Pakistan gives assurances it is helping fight the spread of improvised explosive devices in the region.
IBTimes Logo

Former WaMu execs agree to settle FDIC lawsuit: report

Former Washington Mutual Inc executives agreed to settle a lawsuit for less than 10 percent of the $900 million originally sought by the FDIC for their role in the biggest bank failure in U.S. history, the Wall Street Journal said, citing people familiar with the situation.
More news
Passersby walk in front of an electric board displaying movements of the Japanese yen's exchange rate against the U.S. dollar outside a brokerage in Tokyo

Stocks, Euro Hit as Possible Europe Downgrades Loom

Asian stocks sank on Tuesday and the euro languished near a two-month low as investors took fright at the prospect of mass euro zone sovereign ratings downgrades after the outcome of a last chance European Union summit failed to convince markets.
IBTimes Logo

Newspaper group Lee Enterprises files for bankruptcy

Lee Enterprises Inc , which publishes 48 daily newspapers including St. Louis Post-Dispatch, filed for Chapter 11 bankruptcy protection to refinance nearly $1 billion in debt, as newspapers struggle with falling advertisement dollars and dwindling readership.
IBTimes Logo

Martin Marietta makes $4.8 billion bid for Vulcan

Martin Marietta Materials Inc launched a hostile $4.8 billion all-stock offer to buy larger rival Vulcan Materials Co in a bid to build the world's largest producer of sand, gravel and other construction materials.
Greenpeace activists hold a mock party opposite the venue where the United Nations Climate Change Conference (COP17) is being held, in Durban December 10, 2011.

Durban deal may do little to cool heating planet

The world is forecast to grow hotter, sea levels to rise, intense weather to wreak even more destruction and the new deal struck by governments in Durban to cut greenhouse gas emissions will do little to lessen that damage.
Hyundai Elantra

U.S. Auto Sales Jumped 7 Percent in November: Report

Chrysler and Hyundai led the way for strong automotive sales in the United States in October, as sales continue to rebound from recession slumps, according to analysis from the Great American Group released Monday.
Euro coins are seen in this photo illustration taken in Rome

EU Debt Summit Fails to Satisfy Ratings Agencies

Investors were bracing for a possible mass downgrade of euro zone countries as soon as this week after EU leaders failed to come up with decisive measures to tackle the region's debt crisis.
Donald Trump

Donald Trump: My Debate Is Controlling the Republican Race [VIDEO]

Here we go again: Donald Trump is ridiculously inflating his influence on the Republican presidential campaign. Trump, whose Dec. 27 debate was snubbed by five out of seven candidates last week, is now claiming that he has changed the entire direction of the race.
IBTimes Logo

Adtran to buy NSN broadband access unit

Struggling telecom network equipment maker Nokia Siemens Networks has agreed to sell its fixed-line Broadband Access business unit to U.S. firm Adtran as part of a revamp of its operations.
Pfizer

Pfizer Boosts Dividend by 10%; Announces Stock Repurchases

Shares of Pfizer (NSYE: PFE) were trading Monday after the news down 1.17 percent, or 23 cents, to $20.32 at 3 p.m. Eastern Time. The stock was among the most actively traded on the NYSE. But the market as a whole was trading down on concerns that the latest Eurozone plan won't help the continent avert financial crisis.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.