UNITED STATES

IBTimes Logo

Market flat as ISM offsets BofA repayment

Stocks were little changed on Thursday as data showing that the vast U.S. services sector contracted in November stoked concerns about the strength of the recovery, offsetting Bank of America's plan to repay $45 billion of government aid.

Dell sees 'moderately good' holiday sales

IBTimes Logo
U.S. computer maker Dell expects a moderately good holiday season and increased consumer and commercial demand next year, the company's chief financial officer said on Wednesday.

Bernanke defends Fed's leadership before Senate

IBTimes Logo
Federal Reserve Chairman Ben Bernanke on Thursday defended his record at the helm of the U.S. central bank before a skeptical Senate that is considering stripping the institution of its regulatory powers.
IBTimes Logo

Michael Moore takes Capitalism censure to Japan

Firebrand director Michael Moore is in Japan to promote his latest documentary on the global economic meltdown, which he says should resonate in a nation that has already seen the dark side of capitalism.
More news
IBTimes Logo

Sundance lifts curtain on 2010 competition films

The Sundance Film Festival on Wednesday listed the 64 films that will compete for awards at the upcoming premiere event for independent films, which for 2010 has a new director and three opening night offerings.
IBTimes Logo

Italy to send 1,000 more troops to Afghanistan

Italy will send around 1,000 additional soldiers to Afghanistan as part of U.S. President Barack Obama's planned troop increase, Italian Defense Minister Ignazio La Russa said in an interview published on Thursday.
IBTimes Logo

Iraq election decision postponed until Sunday

Iraqi Vice-President Tareq al-Hashemi said on Thursday he had postponed until Sunday a decision on whether to sign or veto an election law required for next year's critical poll, after a court gave him more time.
IBTimes Logo

McChrystal tells Afghans U.S. not leaving yet

The commander of U.S. forces in Afghanistan reassured top officials on Thursday that Washington was not planning an early exit, part of a charm offensive to sell President Barack Obama's new strategy on three continents.
IBTimes Logo

H1N1 pandemic starting to wane in some countries-WHO

H1N1 swine flu has not peaked yet but seems to be waning in Canada and the United States, signalling that the end of the pandemic may be on the horizon, the World Health Organisation (WHO) said on Thursday.
IBTimes Logo

Astra to pay up to $1.24 bln for Targacept drug

AstraZeneca has bought rights to an experimental antidepressant from Targacept in a deal worth up to $1.24 billion, boosting its pipeline and slapping a big endorsement on its U.S. biotech partner's drug.
IBTimes Logo

Stocks lose ground after services data

U.S. stocks lost ground on Thursday after data showing the U.S. services sector shrank unexpectedly in November offset Bank of America's plans to repay $45 billion in taxpayer bailout funds.
IBTimes Logo

Vivendi to sell NBCU stake to GE for $5.8 billion

Vivendi said on Thursday it had agreed to sell its 20 percent stake in U.S. media group NBC Universal to majority-owner General Electric for $5.8 billion, clearing the way for a separate deal under which GE would give Comcast Corp control over NBCU.
IBTimes Logo

Ex-Ford execs lead rival bid for Volvo - WSJ

A group led by former Ford Motor Co executives has submitted a revised bid this week for Ford's Volvo unit and hopes to beat the offer by Chinese carmaker Zhejiang Geely Holding Group, the Wall Street Journal reported citing people familiar with the situation.
IBTimes Logo

Sony sees robust early U.S. holiday demand

Japan's Sony Corp said it is enjoying robust demand for its PlayStation 3 game console and other electronic products so far in this holiday shopping season in the key U.S. market.
IBTimes Logo

Stocks pare gains after services data

U.S. stocks pared gains in early trading on Thursday, with the Dow industrials turning negative, after data showed the services sector unexpectedly contracted in November after two months of expansion.
IBTimes Logo

Geithner says need to cut budget deficit

Treasury Secretary Timothy Geithner on Thursday said it was vital to get U.S. budget deficits down in order to spur private-sector growth that creates jobs and predicted it will begin happening in 2011.
IBTimes Logo

Bernanke says Fed actions softened crisis blow

Federal Reserve Chairman Ben Bernanke, making a case for a second term, told Congress on Thursday the U.S. central bank's forceful actions prevented a devastating financial crisis from being even worse.
IBTimes Logo

More work needed to cut health costs: White House

Congressional efforts to revamp the U.S. healthcare system are not enough to stem soaring health costs or close the nation's budget gap, a top Obama administration official said on Wednesday, adding that current bills must be strengthened to help rein in spending.
IBTimes Logo

Executives expect U.S. to mull consumption tax

Corporate executives expect a value-added tax to be considered by the U.S. Congress in the next five years, according to a survey by tax and accounting firm KPMG released on Thursday.
IBTimes Logo

U.S. approves first ethical human stem cell lines

The U.S. government approved the first 13 batches of human embryonic stem cells on Wednesday, enabling researchers using them to get millions of dollars in federal funding as promised by President Barack Obama in March.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.