UNITED STATES

IBTimes Logo

Obama proposes bank bailout fee, criticizes bonuses

President Barack Obama proposed a Financial Crisis Responsibility Fee on Thursday to make big banks and other financial institutions repay taxpayer funds that helped bail them out during the financial crisis.

Sovereign defaults top 2010 risk hitlist for WEF

IBTimes Logo
The risk that deteriorating government finances could push economies into full-fledged debt crises tops a list of threats facing the world in 2010, according to a report by the World Economic Forum.

Obama to propose bank fees to recoup bailout funds

IBTimes Logo
President Barack Obama on Thursday will propose major U.S. financial firms pay a fee to protect taxpayers from up to $117 billion in losses on a bank bailout that has spurred fury at Wall Street excess.
IBTimes Logo

A123 to sell Fisker batteries, takes stake

Lithium-ion battery supplier A123 Systems said on Thursday that it had signed a deal to supply power packs for the Fisker Karma, a rechargeable luxury car being launched later this year.
More news
IBTimes Logo

VCs eschew physical stores, focus on retail tech

Venture capitalists were never very interested in the retail sector, but they are now taking a second look, focusing on a new generation of online retailers and the next wave of technology to help stores optimize how they run their businesses.
IBTimes Logo

Tens of thousands feared dead in Haiti quake

Traumatized Haitians slept out in parks and streets on Thursday, fearing aftershocks to the catastrophic earthquake that flattened homes and government buildings and buried countless people.
IBTimes Logo

China defends censorship after Google threat

China defended its extensive censorship and brushed aside hacking claims on Thursday, telling companies not to buck state control of the Internet after U.S. search giant Google threatened to quit the country.
IBTimes Logo

LaBranche to sell NYSE specialist unit to Barclays

LaBranche & Co Inc said on Wednesday it agreed to sell its New York Stock Exchange specialist business to Barclays Plc for $25 million in cash, reflecting the difficulties standalone market makers face in a shrinking industry.
IBTimes Logo

Retail sales unexpectedly fall in December

Sales at U.S. retailers unexpectedly fell in December as consumer spent less on vehicles and an array of other goods during the holiday shopping month, data showed on Thursday, raising concerns about the durability of the economy's recovery.
IBTimes Logo

Stock futures up as investors await Intel results

Stock index futures edged higher on Thursday as investors awaited results from technology bellwether Intel Corp and a report on December U.S. retail sales, a day after the Dow index rose to a fresh 15-month high.
IBTimes Logo

Stock futures slip as investors await Intel results

Stock index futures edged higher on Thursday as investors awaited results from technology bellwether Intel Corp and a report on December U.S. retail sales, a day after the Dow index rose to a fresh 15-month high.
IBTimes Logo

CFTC's trading proposals might not be too tough

The top U.S. futures regulator will unveil long-awaited proposals on Thursday aimed at barring manipulators from high-flying energy markets, but the agency is expected to tread lightly with its new regulations, at least initially.
IBTimes Logo

Sovereign defaults head 2010 risk hitlist for WEF

The risk that deteriorating government finances could push economies into full-fledged debt crises tops a list of threats facing the world in 2010, according to a report by the World Economic Forum.
IBTimes Logo

Top regulators to face U.S. financial crisis panel

Senior U.S. regulators, including outspoken Federal Deposit Insurance Corp Chairman Sheila Bair, will tell their side of the story on Thursday to a commission examining the origins of the 2008 financial crisis.
IBTimes Logo

TSMC to recruit over 3,000, mostly engineers

TSMC, the world's biggest contract chipmaker, said it will recruit more than 3,000 employees, or about 13 percent of its total workforce, in 2010 as it expands capacity to meet future demand.
IBTimes Logo

Stock futures mixed ahead of Intel earnings

U.S. stock index futures pointed to a mixed open on Wall Street on Thursday, with futures for the S&P 500 up 0.11 percent, Dow Jones futures unchanged and Nasdaq 100 futures down 0.11 percent at 4 a.m. EST.
IBTimes Logo

Asian shares rebound, rate view lifts Aussie

Asian shares rebounded on Thursday as fears receded that China's policy tightening would slow its demand, while strong Australian jobs data raised the chances of a February interest rate hike and boosted the Aussie dollar.
IBTimes Logo

China backs censorship after Google threat

China told companies to back state control of the Internet on Thursday, showing no sign of giving ground on censorship after U.S. Internet giant Google threatened to quit the country.
IBTimes Logo

Asian shares bounce, rate view lifts Aussie

Share markets in Asia rebounded on Thursday as worries that China's policy tightening would slow its demand receded, while strong Australian jobs data raised the chances of a February interest rate hike and boosted the Aussie dollar.
IBTimes Logo

Oil remains below $80 in Asian trade

World oil prices remained below $80 a barrel in Asian trade Thursday after reports of increase in US stockpiles. Light sweet crude for February delivery was seen trading at $79.80 a barrel at 11.15 a.m Singapore time while Brent crude was at $78.49 a barrel at the same time.
IBTimes Logo

Gold edges higher in Asia as dollar dips

Gold prices advanced for the second successive day in Asian trade Thursday as the dollar remained under pressure. Gold for immediate delivery was seen trading at $1143.45 an ounce at 11.15 a.m Singapore time while U.S. gold futures for February delivery were up 0.6 percent at $1,143.30 per ounce at the same time.
IBTimes Logo

Gold price heading toward $1,650: Jim Sinclar

The gold price boom in the last one year has turned several commodities analysts into bullion experts. But when it comes to consistent forecast of gold price, everyone loves to listen to what Jim Sinclair utters. A seasoned gold bull, Sinclair has been arguing all these years that gold is real money and thus gold price is headed for a boom.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.