UNITED STATES

IBTimes Logo

Big shareholders ask Goldman to cut bonuses: report

Some of Goldman Sachs Group Inc's largest shareholders have asked the company to cut the size of its bonus pool and pass along more of its profits to investors, the Wall Street Journal reported, citing people familiar with the situation.

Ferrero could eye Cadbury gum, candy unit: report

IBTimes Logo
Italian chocolate maker Ferrero could be interested in Cadbury's gum and candy division, a unit worth about 5 billion euros ($7.4 billion), in a possible joint takeover bid, business daily Il Sole 24 Ore said on Friday.

Burkle buys Barneys New York debt: report

IBTimes Logo
Supermarket mogul Ron Burkle and his investment arm, Yucaipa, have purchased a large amount of U.S. luxury retail chain Barneys New York's debt, the Wall Street Journal said, citing people familiar with the matter.
More news
IBTimes Logo

AOL shows worst not over for media job cuts

If AOL's announcement on Thursday of another 2,500 job cuts is anything to go by, the painful layoffs that have ravaged the media industry over the past year are nowhere near over.
IBTimes Logo

Chrysler could lose more than 100 U.S. dealerships

More than 100 Chrysler Group LLC U.S. dealerships face possible closure if they cannot reach new financing deals with GMAC Financial Services or another lender, people involved in the process said on Thursday.
IBTimes Logo

Geithner, under fire, defends AIG bailout

U.S. Treasury Secretary Timothy Geithner on Thursday defended the costly bailout of insurer AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.
IBTimes Logo

Gap profit up 25 percent, board ok's buyback

Apparel retailer Gap Inc said on Thursday that quarterly net income rose by 25 percent, meeting Wall Street estimates, helped by improved profit margins and rebounding sales at its Old Navy chain.
IBTimes Logo

AIG board meets Tues, no plan on CEO: source

An American International Group Inc's board meeting is expected next week against the backdrop of Chief Executive Robert Benmosche's frustration with the U.S. government's involvement in the insurer's affairs, a source familiar with the matter said on Thursday.
IBTimes Logo

General Growth reaches agreement with lenders

General Growth Properties , the giant mall operator that filed for bankruptcy in April, said on Thursday it reached an agreement with lenders that extends maturities on 70 loans and enables the lenders to get their money back.
IBTimes Logo

AIG board to meet Tues, no action on Benmosche: source

An American International Group Inc's board meeting is expected next week against the backdrop of Chief Executive Robert Benmosche's frustration with the U.S. government's involvement in the insurer's affairs, a source familiar with the matter said on Thursday.
IBTimes Logo

Hershey merger talk makes waves in a company town

In a company town where the street lamps are shaped like chocolate Kisses and orphans are cared for with corporate largesse, the prospect that America's biggest chocolate maker may merge with a foreign entity has unnerved some people.
IBTimes Logo

Big Oil to Congress: Expand offshore drilling

Executives from two major oil companies told Congress on Thursday that the U.S. government should open more offshore areas to oil and natural gas drilling so America can rely less on foreign suppliers.
IBTimes Logo

AIG board to meet Tues, no plan on Benmosche: source

An American International Group Inc's board meeting is expected next week against the backdrop of Chief Executive Robert Benmosche's frustration with the U.S. government's involvement in the insurer's affairs, a source familiar with the matter said on Thursday.
IBTimes Logo

GM to present Opel restructuring plan in Dec

U.S. carmaker General Motors will present a new viability plan for Opel in mid-December as it aims to reduce capacity across Europe by about 20 percent, a top executive said on Thursday.
IBTimes Logo

Wall St drops on recovery concerns, tech rout

U.S. stocks slid on Thursday as another batch of economic data pointed to the fragility of the recovery and a brokerage's dim view on the semiconductor sector hit technology shares.
IBTimes Logo

Daily Forecast - 20/11/2009

Australian Dollar: Average weekly wages increased by 5.2% in August and 0.9% for the year to date, down from 6.1% the previous month and 1.2% for the year to July. The news was enough to tip the AUD/USD below intraday technical support at 0.9270 to a low of 0.9220 in Asia yesterday. The Aussie dollar followed the Euro lower in early trade to revisit the 0.9130 level before bouncing back in late U.S trade following some relatively upbeat North American economic data. This morning sees the AUD ope...
IBTimes Logo

Wall St sinks on tech and recovery concerns

Technology stocks drove a broad-based U.S. sell-off on Thursday as a brokerage took a dim view of demand prospects for the semiconductor sector, while economic data underscored the fragility of the recovery.
IBTimes Logo

U.S. regional factory activity, job market improve

Manufacturing activity in the U.S. Mid-Atlantic region hit a two-year high in November, indicating the economic recovery was gaining momentum, while the trend in claims for jobless aid continued downward.
IBTimes Logo

Stocks drop as recovery fears curb risk appetite

U.S. stocks slid on Thursday as a brokerage's bearish view of the semiconductor industry hit technology shares and a key economic report raised concerns about the recovery, curbing the appetite for riskier assets.
IBTimes Logo

Chip stocks fall on BofA Merrill downgrades

Semiconductor stocks fell sharply after BofA Merrill Lynch turned bearish on the industry and downgraded several chipmakers, including Intel Corp , citing a modest rise in inventories.
IBTimes Logo

Regional factory activity, labor market improve

Manufacturing activity in the U.S. Mid-Atlantic region hit a two-year high in November, indicating the economic recovery was gaining momentum, while the trend in claims for jobless aid continued downward.
IBTimes Logo

Wall Street tax must be international: Pelosi

Any tax imposed on financial transactions would have to take effect internationally to prevent Wall Street jobs and related business moving overseas, U.S. House Speaker Nancy Pelosi said on Thursday.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.