UNITED STATES

Dollar edges down, Asia stocks up before Fed

IBTimes Logo
The dollar lost ground on Wednesday after hitting a one-month high against a basket of currencies, while Asian stocks edged higher in muted trade ahead of central bank meetings that kept investors wary.
IBTimes Logo

Buffett joins Goldman bid for Fannie Mae tax credits

Warren Buffett's Berkshire Hathaway Inc has joined Goldman Sachs Group Inc in a bid to buy $3 billion in tax credits from mortgage giant Fannie Mae, the Wall Street Journal's website reported, citing people familiar with the matter.
More news
IBTimes Logo

GM sees October sales bounce, Chrysler plunges

General Motors posted its first monthly sales increase in nearly two years on Tuesday as a rebound in industrywide U.S. auto sales in October pointed toward a gradual recovery for the battered sector.
IBTimes Logo

S&P 500, Nasdaq end higher on deal news

The S&P 500 and Nasdaq rose slightly on Tuesday as news of a major railroad acquisition helped sentiment, but the Dow edged lower on caution before a Federal Reserve statement on interest rates and the economy.
IBTimes Logo

GM sees sales bounce as Chrysler plunges

General Motors posted its first monthly sales increase in nearly two years on Tuesday as a rebound in industrywide U.S. auto sales in October pointed toward a gradual recovery for the battered sector.
IBTimes Logo

GM sees October sales bounce as Chrysler plunges

General Motors posted its first monthly sales increase in nearly two years on Tuesday as a rebound in industrywide U.S. auto sales in October pointed toward a gradual recovery for the battered sector.
IBTimes Logo

GM sees sales bounce, Chrysler plunges

General Motors posted its first monthly sales increase in nearly two years on Tuesday as a rebound in industrywide U.S. auto sales in October pointed toward a gradual recovery for the battered sector.
IBTimes Logo

S&P and Nasdaq end higher as deal news helps

The S&P 500 and Nasdaq rose slightly on Tuesday as deal news bolstered views that improved merger activity could signal economic strength. But the Dow edged lower after a downgrade of the tech sector.
IBTimes Logo

Conchords star Clement says HBO show may end

Flight of the Conchords star Jemaine Clement has said his offbeat HBO comedy series may not continue for a third season because it requires so much work, but a final decision will be made within a month.
IBTimes Logo

BetOnSports founder gets 51 months in U.S. prison

The founder of the defunct British online offshore gambling firm BetOnSports, Gary Kaplan, was sentenced to the maximum 51 months in prison for conspiring to violate U.S. racketeering and other laws, the Justice Department said on Tuesday.
IBTimes Logo

Judge fast tracks CIT bankruptcy plan hearing

A U.S. bankruptcy judge set a December 8 hearing to consider approval of CIT Group Inc's reorganization plan, aiding the large commercial lender's effort to emerge from bankruptcy by year's end.
IBTimes Logo

Ford, Nissan October auto sales rise

Ford Motor Co said on Tuesday its U.S. sales in October rose 3 percent and it gained market share due to strong demand for cars and crossover vehicles.
IBTimes Logo

Ex-Madoff auditor pleads guilty, denies knew of fraud

The former outside accountant for Bernard Madoff's firm pleaded guilty to fraud charges on Tuesday, but he told a U.S. judge he did not know about the swindler's multibillion-dollar Ponzi scheme, which shook investor confidence and market regulators who missed it.
IBTimes Logo

Ex-Madoff auditor pleads guilty, denies he knew of fraud

The former outside accountant for Bernard Madoff's firm pleaded guilty to fraud charges on Tuesday, but he told a U.S. judge he did not know about the swindler's multibillion-dollar Ponzi scheme, which shook investor confidence and market regulators who missed it.
IBTimes Logo

$1,000 priced iPhone not a hit in China

Apple's Chinese partner sold 5,000 iPhones in the country after the handset made its debut last week, but is still hopeful it will increase the number of its third-generation mobile users by more than 1 million a month.
IBTimes Logo

J&J to slash 7,000 to 8,000 jobs

Johnson & Johnson plans to cut up to 7 percent of its workforce in order to generate cost savings needed to finance increasingly costly drug research and to weather future challenges, the diversified healthcare company said on Tuesday.
IBTimes Logo

House seen expanding home buyer tax break: Hoyer

The U.S. House of Representatives is expected to back a Senate plan to extend a popular homebuying tax credit through April and also expand its scope, House Majority Leader Steny Hoyer said on Tuesday.
IBTimes Logo

Ex-Madoff accountant says did not know about fraud

The former outside accountant for Bernard Madoff's firm pleaded guilty to fraud charges on Tuesday, but he told a U.S. judge he did not know about the swindler's multibillion-dollar Ponzi scheme, which shook investor confidence and market regulators who missed it.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.