UNITED STATES

Jackson film crosses $100 million internationally

IBTimes Logo
The Michael Jackson concert film This Is It has crossed the $100 million mark at international box offices as it enters its second weekend in theaters, the studio behind the movie said on Friday.
More news
IBTimes Logo

Obama calls jobless rise sobering

President Barack Obama said on Friday the jump in the unemployment rate to 10.2 percent in October was a sobering figure that underscored the economic challenges ahead.
IBTimes Logo

Harvard biz grads send neutral signal on stocks

Harvard Business School is sending 28 percent of its 2009 graduating class onto careers in finance, a mildly bullish sign for the economy, said Ray Soifer, an independent bank consultant.
IBTimes Logo

U.S. jobless rate deeper problem: PIMCO

he U.S. unemployment rate, which rose more than expected in October to 10.2 percent, confirms a deeper and more protracted problem in the labor market, Mohamed El-Erian, chief executive of bond giant Pacific Investment Management Co (PIMCO), said in an interview on Friday.
IBTimes Logo

Stocks flat; broker upgrades offset jobs data

U.S. stocks barely budged in a choppy trading session on Friday, lifted by several broker upgrades that offset disappointing data showing the unemployment rate rose to its highest in more than 26 years.
IBTimes Logo

USTR Kirk says Skouras trade pact needs new auto deal

South Korea must do more to open its market to U.S. cars before President Barack Obama will send a free trade agreement signed in June 2007 to Congress for a vote, the chief U.S. trade negotiator said on Thursday.
IBTimes Logo

Forty leaders plan to attend climate talks: U.N.

About 40 world leaders plan to go to Copenhagen next month to boost the chances of clinching a U.N. climate deal, the United Nations said Friday as preparatory talks wound down with scant progress.
IBTimes Logo

WHO says pandemic flu on rise in China, Japan

H1N1 swine flu is on the rise in China and Japan after triggering an unusually early start to the winter influenza season in Europe, Central Asia and North America, the World Health Organization said on Friday.
IBTimes Logo

Ocean Power wins grant for Australian wave project

Renewable energy firm Ocean Power Technologies has won a A$66.5 million ($61 million) grant from the Australian government for a project set to be one of the first to generate power from waves on a utility scale.
IBTimes Logo

House Democrats scramble for healthcare votes

Democratic leaders in the U.S. House of Representatives scrambled on Friday to allay lingering concerns about a broad healthcare overhaul and raised the possibility a vote planned for Saturday could slip into next week.
IBTimes Logo

Jobless rate hits 26-1/2 year high of 10.2 percent

The U.S. jobless rate unexpectedly jumped to a 26-1/2-year high of 10.2 percent last month, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount.
IBTimes Logo

U.S. OKs two more import probes versus China

A U.S. trade panel on Friday approved two new investigations into charges of unfair trade practices by China, but rejected another one week ahead of President Barack Obama's trip to Asia.
IBTimes Logo

STR Holdings IPO prices below range at $10

Solar company STR Holdings Inc priced its initial public offering of 12.3 million shares at $10 a share on Friday, below the target range and a day later than expected.
IBTimes Logo

Magna results, renewed focus drive shares higher

Shares of Magna International Inc were up more than 12 percent on Friday, a day after it posted a surprise quarterly profit and said it would focus on its core auto-parts business after the collapse of its deal to buy a stake in General Motors Co's Opel unit.
IBTimes Logo

Former WorldPay boss keen to buy RBS WorldPay

A founder of part of payments processing business RBS WorldPay is interested in buying all of the business back from Royal Bank of Scotland after the UK bank was told to sell it by European competition authorities.
IBTimes Logo

Stocks flat as broker upgrades offset jobs data

U.S. stocks were little changed in choppy trading on Friday as brokerage upgrades offset data showing the unemployment rate soared to 10.2 percent last month, its highest in more than 26 years.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.