UNITED STATES

Housing starts, Deere to lift Wall Street at open

IBTimes Logo
Wall Street appeared poised for a higher open on Wednesday, boosted by strong results from farm equipment maker Deere & Co, and data showing housing starts rebounded more strongly than expected.
IBTimes Logo

S&P survey sees U.S. mortgage defaults up

Expectations for defaults and losses in residential mortgage-backed securities continue to rise sharply in the United States, while tailing off in Britain, even as its economy has been slower to recover, a survey found.
More news
IBTimes Logo

Iran leader accuses U.S. of war-mongering

Iran's supreme leader accused the United States on Wednesday of war-mongering and of turning the Gulf into an arms depot, hitting back at U.S. accusations that the Islamic state was moving toward a military dictatorship.
IBTimes Logo

Toyota to beef up braking

Toyota Motor Corp said on Wednesday it would install a system to ensure braking trumps acceleration for all new car models as it seeks to limit the damage from its vast recall woes.
IBTimes Logo

Big money stays invested despite new year shocks

Investors have not yet given up on the 11-month-old world markets recovery and there is little evidence so far this year of a retreat to safe-haven bunkers in the face of mini-shocks from Greek debts, China's monetary tightening and U.S. regulatory threats.
IBTimes Logo

Toyota chief sidesteps Congress

Toyota President Akio Toyoda said he believed North America chief Yoshimi Inaba was the logical choice to testify at the U.S. congressional hearings scheduled for later this month.
IBTimes Logo

World stocks rise, euro keep gains after rally

World stocks rose on Wednesday and the euro kept the previous day's sharp gains as strong earnings from both sides of the Atlantic shifted focus away from concerns about the euro zone debt crisis.
IBTimes Logo

Metlife, AIG deal may be paused by tax dispute: WSJ

The pending $15 billion sale of a unit of American International Group to MetLife may be pushed back by a tax dispute that may require a ruling from the Internal Revenue Service, the Wall Street Journal reported.
IBTimes Logo

Asia shares up, banks shrug off China policy move

Asian shares leapt to a three-week high on Wednesday, powered by financial and resource shares after investors bought commodities on a weaker dollar, while Hong Kong shares shrugged off China's latest move to temper robust lending.
IBTimes Logo

Toyota sales outlook eyed as output cutbacks planned

Toyota Motor Corp said it would scale back production in the crucial U.S. market further, as investors sought guidance from management on how long the sales fallout from an escalating recall crisis would last.
IBTimes Logo

Retirement savings rate held steady: Fidelity

Americans kept their retirement savings rates steady in 2009 as the economy recovered slowly and a rallying stock market helped boost the overall value of their accounts, a study released on Wednesday shows.
IBTimes Logo

Toyota shares lag on U.S. output cuts

Toyota Motor Corp shares lagged a strong rise in other Japanese auto stocks on Wednesday after the world's biggest automaker said it would shut down production at two of its U.S. factories to match slowing sales.
IBTimes Logo

U.S. opens probe into Toyota recalls

U.S. regulators on Tuesday opened an investigation into whether Toyota Motor Corp acted in a timely way to recall cars for acceleration problems, and the automaker moved to slow its U.S. production to avoid a costly ballooning of inventories.
IBTimes Logo

White House insists healthcare summit no trap

The purpose of the Obama administration's upcoming summit on healthcare is to find solutions to issues like soaring insurance premiums, not score political points against the Republicans, the White House insisted on Tuesday.
IBTimes Logo

FCC to propose faster broadband speeds

The U.S. Federal Communications Commission unveiled a plan on Tuesday that would require Internet providers to offer minimum home connection speeds by 2020, a proposal that some telecommunications companies panned as unrealistic.
IBTimes Logo

Credit card delinquency rates level off

The percentage of Americans falling behind on credit card bills stabilized in January, according to data from the six major lenders, signaling that U.S. consumer credit woes may be leveling off.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.