Result Page 4104 for United States news & latest pictures from ibtimes.com

Weekly Market Watch - Monday, 21 December 2009

Look for Final U.S. GDP numbers on Tuesday (2.8%Q/Q, 0.5% Price Index), followed by Existing Home Sales (6.31M) and the House Price Index (0.2%M/M).

Fed's Evans says low inflation gives Fed breathing room

Charles Evans, president of the Chicago Federal Reserve Bank, said on Monday he expects the U.S. economy to grow 3.0 to 3.5 percent over the next 18 months, but that low inflation will give the central bank room to keep monetary policy easy for an extended period.

Study: 1 in 5 divorces in the U.S. caused by Facebook

New research released Monday shows that Facebook is causing an alarmingly high number of divorces in the United States.

Fed's Evans sees U.S. economy growing 3-3.5 percent in 2010

Charles Evans, president of the Chicago Federal Reserve, said on Monday he expects the U.S. economy to grow 3 to 3.5 percent in 2010, but that low inflation will give the central bank room to keep monetary policy accommodative for an extended period.

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Crime drops in first half of 2009: FBI

Violent crime in the United States, including murder and robbery, dropped 4.4 percent in the first half of 2009 and property crime like car thefts also dropped, the Federal Bureau of Investigation said on Monday.

Walgreen tops view, store comments weigh on shares

Walgreen Co gave investors reasons to question its drugstore overhaul strategy on Monday with muted comments about its success, overshadowing a better-than-expected jump in quarterly profit.

Healthcare stocks, brokerage upgrades lift shares

Stocks gained more than 1 percent on Monday, buoyed by healthcare shares, after a Senate bill advanced which had been stripped of provisions seen as detrimental to health insurance and other companies.

Chicago Fed's economic index rises a tad in Nov

The Fed Reserve Bank of Chicago said on Monday its gauge of the national economy rose but still remained stuck in negative territory in November, suggesting a resumption of below-average U.S. growth.

P&G recalls DayQuil not in child-proof packaging

Procter & Gamble Co said on Friday that it is recalling some Vicks DayQuil Cold & Flu medicine that did not come in a childproof package.

Clueless star Brittany Murphy dead at 32

U.S. actress Brittany Murphy, who co-starred in such films as Clueless and Girl, Interrupted but saw her career wane in recent years, died in Los Angeles on Sunday after suffering cardiac arrest in her bathroom, officials said. She was 32.

Pot shops could ease California's fiscal jam

With California teetering perpetually on the edge of financial ruin, marijuana activists have seized the moment, claiming that legalizing and taxing pot could help bail out the cash-strapped Golden State.

Avatar leads box office, despite blizzard

Titanic director James Cameron's Avatar, a 3-D extravaganza hyped as a giant leap in cinematic prowess, ruled the worldwide box office during its first weekend even as North American sales were hit by an enormous snow storm, its distributor said on Sunday.

Exclusive: U.S. shoppers say storm did not drive them online

A majority of U.S. shoppers say they are shopping the same amount or less online this holiday season, despite web promotions and a weekend storm that struck the East Coast, according to a survey released on Monday.

Pope visit to Rome synagogue under cloud

Pope Benedict's decision to move his controversial wartime predecessor Pius XII closer to sainthood has put a cloud over his planned visit next month to Rome's synagogue, with some fearing it risks being cancelled.

Scientists discover natural flu-fighting proteins

U.S. researchers have discovered antiviral proteins in cells that naturally fight off influenza infections, a finding that may lead to better ways to make vaccines and protect people against the flu.

Sanofi to buy U.S. group Chattem for $1.9 billion

Sanofi-Aventis is to buy U.S. consumer healthcare group Chattem Inc for around $1.9 billion, in a deal which will give the French drugmaker over-the-counter presence in the huge United States market.

Demjanjuk unmoved as Holocaust survivors testify

John Demjanjuk sat impassively while Holocaust survivors on Monday recalled the horrors of Nazi Germany at his trial on charges of helping to force 27,900 Jews into gas chambers in 1943.

One percent of U.S. children have autism: study

Autism, a brain disorder that interferes with communication and social skills, affected an estimated one in 110 American 8-year-olds in 2006, according to a federal study released Friday.

Radio station owner NextMedia files for bankruptcy

NextMedia Group Inc filed for bankruptcy protection under a pre-arranged plan that will hand over control of the U.S. radio station operator and outdoor advertising company to certain creditors, court papers showed.

Ultra Petroleum to buy assets in Marcellus Shale

Ultra Petroleum Corp (UPL.N) said it would pay about $400 million to an unnamed private company to buy a stake in the burgeoning U.S. Marcellus Shale region, the latest oil and natural gas explorer to expand its footprint in the area.

OncoGenex, Teva in deal for cancer therapy

OncoGenex Pharmaceuticals Inc (OGXI.O) has entered into a licensing deal with Israel's Teva Pharmaceutical Industries Ltd (TEVA.O) (TEVA.TA) for its cancer therapy, and said Teva will make an equity investment in the U.S. company.

Obama seeks drug imports outside of health bill

The White House pledged on Sunday to move forward on allowing imports of safe prescription drugs from nations like Canada where they are less expensive, but not in the healthcare reform legislation now before Congress.

LSE adds Turquoise color to trading

The London Stock Exchange bought a majority stake in platform rival Turquoise, giving its owners a well-timed exit, aligning its interests with those of big clients and granting it immediate access to pan-European share trading.

Agrium extends CF bid, firms up financing

Canadian fertilizer producer Agrium Inc (AGU.TO) extended its hostile bid for rival CF Industries (CF.N) on Monday and said it was sure it would have the money needed to complete the purchase.

Oil firm above $73 as Iran-Iraq tensions ease

Oil held firm above $73 a barrel on Monday after a 1 percent rise in the previous session as Iranian troops partly withdrew from a disputed oil area in Iraq, reducing tensions between two major crude exporters.

Wall Street set to rise on commods, Alcoa

Wall Street was set to open higher on Monday on expectations that rising commodity prices and a downtick in the U.S. dollar would boost stocks in the energy and materials sectors and after brokerages upgrades on Alcoa and Intel.

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