Result Page 3986 for United States news & latest pictures from ibtimes.com

GM recalling 1.3 million vehicles over steering problems

General Motors Co is recalling 1.3 million compact cars in North America to address a power steering problem that has been linked to 14 crashes and one injury, the company said on Tuesday.

Toyota to announce March incentives in U.S.

Toyota Motor Corp will roll out an aggressive incentive program for U.S. consumers in March, including zero-percent financing for five years and two-year free maintenance, a source briefed on the matter said on Monday.

Asia stocks up on tech

Asian shares rose for a third straight session on Tuesday, led by tech stocks, while the Australian dollar slid ahead of what is expected to be a close decision by the central bank on whether to raise interest rates again.

FDIC to grease mortgage market with $1.8 bln deal

The U.S. Federal Deposit Insurance Corp is planning to sell $1.8 billion of guaranteed asset-backed debt, according to IFR, in what may be a step toward restoring confidence in securities closely tied to the financial meltdown.

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Volcker sees no threat to dollar as reserve currency

Paul Volcker, the former Federal Reserve chairman who is advising the Obama administration, said the U.S. dollar's role as the world's reserve currency is likely not in jeopardy, but warned central bankers to keep a close eye on inflation.

U.S. monitoring banks' sovereign risk exposures

U.S. regulators are closely monitoring banks' exposures to sovereign debt risk, Comptroller of the Currency John Dugan said on Monday.

Fed's No. 2 to depart

Federal Reserve Vice Chairman Donald Kohn, a 40-year veteran of the U.S. central bank, will step down in late June, giving President Barack Obama more scope to reshape the institution.

U.S. consumer spending up again

U.S. manufacturing grew in February, though more slowly than expected, while consumer spending rose for a fourth straight month, showing the economy continued a modest recovery.

General Motors to debate Opel investment

General Motors will discuss making further investments at its European unit Opel, a person familiar with the matter said on Monday.

CFTC, SEC eye clearinghouses governance - Gensler

Congress should give U.S. securities and futures regulators the authority to ensure clearinghouses are protected against conflicts of interest, the chairman of the Commodity Futures Trading Commission said on Monday.

Winter storms to distort U.S. jobless figures: Summers

White House economic adviser Larry Summers said on Monday winter blizzards were likely to distort U.S. February jobless figures, which are due to be released on Friday.

BofA CEO says will vote for Frank in November

Bank of America Corp Chief Executive Brian Moynihan said on Sunday during a television interview that he will vote for U.S. Representative Barney Frank, a key proponent of financial industry reform, in the upcoming November election.

AUTOSHOW-FACTBOX-Cars on show in Geneva

Carmakers will be keen to show off new green technologies at the Geneva Auto Show, opening this week, as economic uncertainties and waning scrapping schemes make forecasting this year's sales trends difficult.

ISE slams dividend trade data as mkt share falls

A specialized trading strategy known as dividend trades harms markets, misleads investors, and should not be included in overall reports of trading volume, the International Securities Exchange said on Monday.

Fiat's Alfa Romeo to unveil key car in Geneva

Italy's Fiat unveils the Alfa Romeo Giulietta at this week's Geneva auto show, and while analysts do not believe the brand is under threat, they say the new hatchback is a test of its revival.

Easy money trumps weak economy on Wall Street

When is bad news not really bad? When it's eclipsed by the promise of enduring easy money for Wall Street.

Daily Forecast - 2/3/2010

The Aussie dollar rallied in early Asia yesterday before running into some resistance around the 90 cent handle to settle at 0.8975 heading into offshore trade.

Mexico's Slim not changing NY Times investment

Mexican billionaire Carlos Slim is happy with his current investment in New York Times Co, one of his close aides told Reuters on Monday.

Fed Vice Chairman Kohn to step down in late June

Federal Reserve Vice Chairman Donald Kohn, a 40-year veteran of the central bank, will step down in late June, giving President Barack Obama the opportunity to name a top policy maker.

Stocks rise on signs of continued recovery

The U.S. stock market rose on Monday as economic reports continued to signal recovery in key sectors of the economy.

Russia says it may consider Iran sanctions

Russia will back new sanctions against Iran as long as they do not create a humanitarian crisis, French President Nicolas Sarkozy said on Monday after talks with Russian counterpart Dmitry Medvedev.

Mexico's Slim happy with current NY Times stake

Mexican billionaire Carlos Slim is happy with his current investment in New York Times Co, one of his close aides told Reuters on Monday.

Sen Shelby counters on financial consumer watchdog

A senior Republican U.S. senator has made at least two counter-offers to Democrats on creating a new government watchdog for financial consumers, Reuters learned on Monday from aides and documents.

UBS handed bill for govt costs in U.S. tax case

UBS could be facing a total bill running to nearly 40 million Swiss francs ($36.97 million) after the Swiss government said on Tuesday it would pass on to the bank the costs of intervention in a bitter U.S. legal battle.

Louis Vuitton sues Hyundai over Super Bowl ad

Luxury goods manufacturer Louis Vuitton has sued Hyundai Motor Co, alleging trademark violations over an advertisement in this year's Super Bowl, the most watched television show in U.S. history.

Consumer spending up, manufacturing grows

Consumer spending increased slightly faster than expected in January while the U.S. manufacturing sector grew, underscoring views economic recovery is progressing.

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