UNITED STATES

Joseph Stiglitz

US austerity is really foolish: Stiglitz

US “austerity is really foolish,” said famed economist and Nobel laureate Joseph Stiglitz in his office at Columbia University, in an interview with IBTimes.

GMAC scores victory in court over Maine homeowners

A foreclosed home is seen in Bullhead City, Arizona,
A federal court is on the verge of throwing out a lawsuit filed by Maine homeowners facing foreclosure action against Ally Financial Inc.'s GMAC mortgage unit, which has been accused of wrongful foreclosure practices.
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HP logo is seen outside Hewlett-Packard Belgian headquarters in Diegem

What HP Results Mean for Intel, Nvidia?

The weak top line results of HP and its tepid outlook clearly shows the weak demand for consumer PCs, partly due to the overwhelming demand for tablets that is eating into the sales of PCs.
Russia's WTO membership faces hurdles: report

Russia's WTO membership faces hurdles: report

Russia's membership in the World Trade Organization (WTO) will be in focus as Prime Minister Vladimir Putin meets European Union leaders on Thursday, but business leaders and trade officials from the U.S., EU and the WTO think Russia's entry is going to be difficult, the Wall Street Journal has reported.
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World Market update Feb 23.

U.S. stocks plunged and oil prices surged on growing fears that Libya may descend into a civil war after Colonel Moammar Gaddafi warned that he would never give up his power and would rather die a “martyr.” The concerns about Libya vastly overshadowed some surprisingly good consumer confidence data in the U.S.

World Market Wrap 23/2/2011

U.S. stocks plunged and oil prices surged on growing fears that Libya may descend into a civil war after Colonel Moammar Gaddafi warned that he would never give up his power and would rather die a “martyr.” The concerns about Libya vastly overshadowed some surprisingly good consumer confidence data in the U.S.
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Gold at $1,400 as equity markets drop sharply

Gold fell back slightly toward $1,400 an ounce on Tuesday, breaking a six-session rally, as turmoil in Libya prompted bullion investors to take profits and as sharp losses in equities and other commodities markets prompted margin selling.
Traders work on the floor of the New York Stock Exchange

U.S. stocks plunge, oil prices surge, on Libyan concerns

U.S. stocks plunged and oil prices surged on growing fears that Libya may descend into a civil war after Colonel Moammar Gaddafi warned that he would never give up his power and would rather die a “martyr.” The concerns about Libya vastly overshadowed some surprisingly good consumer confidence data in the U.S.
A job seeker waits in line with others to meet potential employers at a career fair at Rutgers University in New Brunswick

Don't string me along, temp workers say

Althea Norwood Roberts gives employers three months to turn her temporary job into a permanent one. Then she looks elsewhere. That's as long as a company needs to see if she's a good fit, the 35-year old single mother from California believes.
U.S. President Barack Obama speaks during the Winning the Future Forum on Small Business in Ohio

Obama kicks off listening tour of businesses

Obama, with much of his Cabinet in tow, visited Ohio on Tuesday to try to reach out to U.S. entrepreneurs amid complaints from some small business owners that his policies inhibit growth. We're here to hear from you directly. We want your stories, your successes, your failures,
Pfizer, BYU Go To Court In May, Celebrex and Millions Of Dollars At Stake

Pfizer settles remaining Nigeria, US Trovan suits

Pfizer Inc said it has settled all outstanding lawsuits involving accusations that it tested the experimental antibiotic Trovan on children in Nigeria during a 1996 meningitis outbreak without receiving adequate prior consent.

Kenya president rows back on judicial appointments

Kenyan President Mwai Kibaki ended a row over top judicial appointments that had threatened the country's fragile coalition government by saying on Tuesday that he would start the selection process afresh.

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