Result Page 3903 for United States news & latest pictures from ibtimes.com

Apple iPad reaches 1 million sales faster than iPhone

Apple Inc has sold 1 million iPads since their April 3 launch, as the company passed that sales milestone faster than many analysts had expected.

GM April U.S. sales up 6 percent

General Motors Co posted a 6.4 percent increase in U.S. auto sales for April from a year earlier, lagging an expected rise of about 20 percent in the overall industry which has been helped by incentives.

IMF bailout for Greece to rein in gold

Bullion and precious metal investors heaved a sigh of relief this week, following the decision of EU and IMF to bail out debt-ridden Greece. In fact, the Greek tragedy and the cascading impact on other European nations had hit the bullion market and palladium and platinum prices. With the Greek tragedy threatening to spread to other nations like Spain and Portugal, gold prices became unpredictable for investors and even the demand for platinum group metals (PGMs) showed a decline fearing that th...

GMAC posts profit and plans name change

GMAC Financial Services, a lender that is majority-owned by the U.S. government after multiple bailouts, posted its first profit since the fourth quarter of 2008 on Monday, as the company started to recover from lingering bad mortgage assets.

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Obese kids more apt to be bullied, study confirms

NEW YORK (Reuters Health) - Obese children in grades 3 through 6 are more apt to be bullied by their classmates than children who are trim, regardless of their gender, race, social skills, or academic achievement, a study published today in Pediatrics shows.

Wall Street opens higher on Greece, consumer data

U.S. stocks opened higher on Monday as details of a financial rescue package for Greece provided relief and data showed a steady rise in consumer spending.

Apple says sold 1 million iPads

Apple Inc on Monday said it sold one million iPads in its first 28 days, and users of the tablet computer have already downloaded 12 million apps and 1.5 million digital books.

Feisty Buffett supports Goldman, high on economy

Warren Buffett on Sunday intensified his feisty defense of a controversial mortgage transaction marketed by Goldman Sachs Group Inc , saying the investment bank's behavior does not warrant public fury.

Consumer spending up, savings at 18-month low

U.S. consumer spending rose in March for a sixth straight month as households pushed savings to a 1-1/2 year low, further evidence consumers were starting to take a bigger role in the manufacturing-led recovery.

Consumer spending up 0.6 percent in March

U.S. consumer spending increased as expected in March for a sixth straight month as consumers dipped into their savings, a government report showed on Monday, confirming the robust spending growth experienced in the first quarter.

Futures up on Greece aid, huge airline merger

U.S. stock index futures rose on Monday as investors welcomed details of a fiscal aid package for Greece and focused on a merger that would create the world's largest airline.

Futures higher on Greece deal, mega airline merger

U.S. stock index futures rose on Monday as investors welcomed details of a fiscal aid package for Greece and focused on a merger that would create the world's largest airline.

U.S. business loan demand climbs in March: Paynet

Small and medium-sized businesses in the United States are taking out more new loans and keeping up better with repayments on existing loans, both signs the economic recovery is gaining pace, PayNet Inc reported on Monday.

United, Continental boards OK merger: sources

UAL Corp, parent of United Airlines, will buy Continental Airlines Inc for $3.2 billion, forming the world's largest carrier in a merger that further shrinks the embattled U.S. airline industry and could drive up air fares, sources said on Sunday.

Stock futures signal gains; eyes on airlines

U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.31 percent, Dow Jones futures up 0.16 percent and Nasdaq 100 futures up 0.3 percent.

Euro, stocks fall on Greece bailout fears

The euro dropped on Monday and stocks fell on fears that a 110 billion euro bailout of Greece will face stiff political challenges, while fresh steps by China to cool its economy added to near-term uncertainty.

Greece promised rescue package, but investors wary

European nations aim to formally launch the biggest ever financial bailout of a country this week, hoping to calm markets wary that Greece's rescue may be the first of several, expensive measures to shore up other economies.

CORRECTED: Greece promised rescue package, but investors wary

(Corrects fall in euro to more than 12 pct from 14 pct in paragraph 12)

Oil extends gains in Asian trade

World oil prices extended gains in the first day trade of this month mainly on possible US supply drop on Gulf of Mexico oil slick while Greek bailout deal also helped. Light sweet crude for June delivery was seen trading at $86.59 a barrel at 12.00 noon Singapore time while Brent crude was at $87.65 a barrel at the same time in London. Analysts said expectations that the huge oil slick in the Gulf of Mexico could lead to delays in the delivery of crude oil in the US helped the black gold.

Gold remains highly volatile in Asia

Gold prices remained highly volatile in Asian trade Monday as bailout package for debt-laden Greece eased safe haven concerns. Gold for immediate delivery was seen trading at $ 1177.64 an ounce at 12.00 noon Singapore time while June gold futures was at $ 1178.25 an ounce at the same time.

Australia government, miners dig trenches in tax battle

Australia's government girded on Monday for a battle with global miners over its plan to slap the industry with a new 40 percent profits tax, after two home-grown mining giants said the move would threaten investment.

Australian dollar outlook 3/5/2010

Australia: The Australian Dollar fell on Friday's trading again on the back of weaker equity markets and talk increased that US investment bank Goldman Sachs might be the subject of a criminal prosecution by the US Justice Department in addition to the civil case recently brought by the SEC.

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