UNITED STATES

Prudential and AIG CEOs hold town hall meetings

IBTimes Logo
Any job losses from Prudential Plc's planned $35.5 billion acquisition of American International Group's Asian insurance arm will be mainly in back-office operations and not among sales forces, the companies' CEOs told staff in Asia, sources said.

Wendy's/Arby's to spend more in 2010, shares fall

IBTimes Logo
Wendy's/Arby's Group Inc reported a stronger-than-expected quarterly results but said it will spend more to jump-start growth at its restaurants in 2010, and its shares fell nearly 4 percent in premarket trading.
IBTimes Logo

AB InBev sees weak start to 2010 after mixed Q4

Anheuser-Busch InBev, the world's largest brewer, said it faced a challenging start to 2010 with U.S. consumers drinking less after it unveiled mixed fourth-quarter earnings buoyed by a sharp rise in Brazil sales.
More news
IBTimes Logo

New, continuing jobless claims fall last week

The number of U.S. workers filing new applications for unemployment insurance fell as expected last week, a government report showed on Thursday, while those continuing to receive benefits dropped to the lowest level in over a year.
IBTimes Logo

Citi's Pandit says supports consumer protection

Citigroup Inc Chief Executive Vikram Pandit said he supports a federal consumer protection authority, because a key lesson of the crisis is that issues influencing consumers can become issues for the whole financial system.
IBTimes Logo

Pru, AIG CEOs meet Asia staff; talk AIA future, jobs

Any job losses from Prudential Plc's planned $35.5 billion acquisition of American International Group's Asian insurance arm will be mainly in back-office operations and not among sales forces, the companies' CEOs told staff in Asia, sources said.
IBTimes Logo

Obama reasserts Volcker rule, Senate bill seen

The Obama administration reasserted its commitment to banning proprietary trading by banks with draft legislative language on Wednesday, despite signs that Congress is unlikely to adopt such a rule.
IBTimes Logo

Stocks down, euro above lows before ECB verdict

World stocks slipped on Thursday while the euro held above a recent 9-month low against the dollar as the European Central Bank prepared to announce next steps in stimulus withdrawal after its policy meeting.
IBTimes Logo

AB InBev sees tough 2010 start

Anheuser-Busch InBev forecast a challenging start to 2010 with US volumes under pressure after mixed fourth-quarter results.
IBTimes Logo

Asian shares fall on Greece, global outlook

Asian shares failed to hold on to their early gains, slipping into negative territory as worries about Greece and the outlook for the global economy made investors cautious.
IBTimes Logo

Asia shares rise cautiously on Greece hopes

Asian shares eked out gains and the euro extended its rise on Thursday after Greece announced fresh austerity measures to reduce its deficit and on data pointing to a rebound in the U.S. jobs market.
IBTimes Logo

Iran may face new round of U.N. sanctions

The United States, France and other Western powers are preparing a plan for a fourth round of U.N. sanctions against Iran over its nuclear program and hope to persuade Russia and China to back it.
IBTimes Logo

Chile keeps shaking, rattling survivors

Frightened by more heavy aftershocks, coastal residents in Chile camped out on hillsides on Thursday, five days after one of the strongest earthquakes in a century killed more than 800 people.
IBTimes Logo

U.S. military questions Karzai's steps on corruption

Afghan President Hamid Karzai must take significant steps to fight corruption, the U.S. military's top officer said on Wednesday, suggesting Washington was concerned inaction could undercut the campaign against the Taliban.
IBTimes Logo

Obama reasserts Volcker rule

The Obama administration reasserted its commitment to banning proprietary trading by banks with draft legislative language on Wednesday, despite signs that the U.S. Congress is unlikely to adopt such a rule.
IBTimes Logo

GD, Northrop warn of possible shipyard layoffs

The two largest U.S. military shipyards warned on Wednesday that the U.S. Navy's 30-year shipbuilding plan funded 13 fewer surface ships in the near term, which would likely result in layoffs across the industry and higher shipbuilding costs.
IBTimes Logo

Wells Fargo CEO '09 compensation more than doubles

Wells Fargo & Co , the fourth-largest U.S. bank by assets, paid Chief Executive John Stumpf compensation worth $21.3 million for 2009, a package that likely makes him the highest-paid U.S. bank CEO, according to materials filed with U.S. regulators.
IBTimes Logo

Nortel gets U.S., Canadian court OK to sell unit

Nortel Networks Corp said it received U.S. and Canadian court approval for the sale of its carrier Voice over Internet Protocol and application solutions business to Genband Inc for about $182 million.
IBTimes Logo

Clinton fails to win over Brazil on Iran

U.S. Secretary of State Hillary Clinton failed to win Brazil's support on Wednesday for more sanctions against Iran and said Tehran would not talk seriously about its nuclear program until the United Nations took new action.
IBTimes Logo

GM Vice Chairman Lutz to retire on May 1

GM Vice Chairman Bob Lutz, an executive credited with bringing an urgency to the automaker's efforts to revamp its vehicle line-up and shake off negative consumer perceptions, will retire on May 1, General Motors Co said on Wednesday.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.