UNITED STATES

IBTimes Logo

S&P 500 dragged down by energy components

Although the S&P 500 Index was trading in the positive for most of Monday's afternoon session, it took a dive in the last hour of trading as its energy components sold off heavily.

Judge OKs half-baked SEC-Bank of America accord

IBTimes Logo
Bank of America Corp won approval of a $150 million settlement with the U.S. Securities and Exchange Commission over the Merrill Lynch & Co merger, though the federal judge who signed off on the accord called it half-baked justice at best.
More news
IBTimes Logo

Japan's Dai-ichi Life plans $11.7 billion IPO

Dai-ichi Mutual Life Insurance, Japan's second-largest life insurer, said on Monday it would sell about 1.07 trillion yen ($11.7 billion) worth of shares in the country's biggest initial public offering in more than a decade.
IBTimes Logo

Wall Street flat on Fed jitters but banks rise

U.S. stocks were little changed on Monday as investors were cautious before the head of the Federal Reserve was due to discuss interest rate policy this week after the Fed's hike in the discount rate.
IBTimes Logo

House Republican rejects Obama health plan

A senior House Republican on Monday rejected a proposal by President Barack Obama to revive a stalled healthcare overhaul, saying it did not address public concerns about the sweeping legislation.
IBTimes Logo

Wall Street slips on jitters over Fed's intent

U.S. stocks fell slightly in choppy trading on Monday on investor uncertainty about the Federal Reserve's intentions after last week's increase in the interest rate for emergency loans to banks.
IBTimes Logo

Geithner urges independent U.S. financial watchdog

The Obama administration on Monday urged support for a U.S. financial consumer watchdog that is strong and independent, pushing Senate Democrats to resist compromises sought by Republicans and bank lobbyists.
IBTimes Logo

Obama offers plan to revive healthcare push

President Barack Obama tried to rejuvenate his stalled healthcare overhaul on Monday with a revised plan to make insurance coverage more affordable and bolster federal authority to regulate premium hikes.
IBTimes Logo

Judge OKs SEC-Bank of America accord on Merrill

Bank of America Corp won approval of a $150 million settlement with U.S. Securities and Exchange Commission over the Merrill Lynch merger, ending an embarrassing public battle between the largest U.S. bank and the nation's top securities regulator.
IBTimes Logo

Lowe's sees sales rising in 2010; shares up

No. 2 U.S. home improvement chain Lowe's Cos reported better-than-expected quarterly results and said sales would improve in 2010 as demand for remodeling projects picks up.
IBTimes Logo

World crude steel output rises 25.5% in Jan

World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 109 million metric tons (mmt) in January. This is 25.5% higher than January 2009.China's crude steel production for January 2010 was 48.7 mmt, an increase of 18.2% on January 2009. Japan produced 8.7 mmt of crude steel in January 2010, up 36.8% compared to the same month last year. South Korea showed an increase of 32.4% from January 2009, producing 4.5 mmt of crude steel in January 2010.
IBTimes Logo

U.S. stocks volatile on Obama health care proposal

The S&P 500 tracked Asian indices to open up higher, then reversed course dramatically after President Barack Obama's health care proposal was announced at 10:00 a.m in New York. followed by modest gains which have turned negative.
IBTimes Logo

Judge OKs SEC/Bank of America $150 million accord

Bank of America Corp on Monday won approval of a $150 million settlement with the U.S. Securities and Exchange Commission over the Merrill Lynch & Co merger, ending an embarrassing public battle between the largest U.S. bank and the nation's top securities regulator.
IBTimes Logo

Campbell's soup sales fall 8 percent

Campbell Soup Co's U.S. soup sales fell 8 percent during the usually strong late fall and winter months, raising analyst concerns about whether it will meet a lowered sales goal for the year.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.