UNITED STATES

IBTimes Logo

Obama's too big to fail plan blasted in Congress

The Obama administration's new proposal for tackling financial risk in the U.S. economy, unveiled just two days ago, came under attack on Thursday from all sides, with critics targeting its funding and scope.

Wall Street Journal closes Boston bureau

IBTimes Logo
The Wall Street Journal will close its Boston bureau to save money, and shift coverage of the mutual fund industry to its money and investing reporting team, the newspaper's editor said on Thursday.

Wall St gains on GDP growth, halts 4-day slide

IBTimes Logo
U.S. stocks rose on Thursday, helping the S&P 500 and the Nasdaq halt a four-day rout, as data showing that the U.S. economy grew faster than expected in the third quarter buoyed hopes of a recovery in profits.
More news
IBTimes Logo

House unveils $894 billion healthcare bill

Democratic leaders in the U.S. House of Representatives released a healthcare reform bill on Thursday that includes a government-run insurance plan and imposes a tax on the wealthiest Americans to help pay for it.
IBTimes Logo

Markets advance on surprising GDP growth

U.S. stocks rallied on Thursday following four losing sessions as data showed the U.S. economy grew faster than expected in the third quarter after more than a year of contraction.
IBTimes Logo

China's Hu invites North Korea's Kim to visit

Chinese President Hu Jintao has invited reclusive North Korean leader Kim Jong-il for a visit as Pyongyang has reached out to its foes and signalled it could return to dormant nuclear talks hosted by Beijing.
IBTimes Logo

U.S. recession unofficially ends

The U.S. economy grew in the third quarter for the first time in more than a year as government stimulus helped lift consumer spending and home building, fuelling an unexpectedly strong advance.
IBTimes Logo

Afghan election plan criticized amid security concerns

Afghanistan laid out plans for the November 7 run-off presidential vote on Thursday in an announcement criticized as insufficient to prevent fraud, a day after a Taliban attack on U.N. staff reinforced concerns about security.
IBTimes Logo

Iran said to seek big changes to draft nuclear deal

Iran formally responded to a U.N. draft nuclear fuel deal on Thursday, proposing big changes that could sink the plan, including sending its low-enriched uranium abroad in stages instead of all at once, Iranian media reported.
IBTimes Logo

Clinton to meet Abbas, Netanyahu in Middle East

U.S. Secretary of State Hillary Clinton will meet Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas when she travels to the Middle East this weekend, a U.S. official said.
IBTimes Logo

Jobless claims edge down, continued claims slide

The number of U.S. workers filing new claims for jobless benefits dipped by 1,000 last week, while the number collecting long-term aid fell to the lowest reading in seven months as the job market steadied.
IBTimes Logo

Obama honors slain soldiers killed in Afghanistan

President Barack Obama saw first hand the human cost of the Afghanistan war as he welcomed home on Thursday 18 soldiers and Drug Enforcement Administration agents killed in Afghanistan this week.
IBTimes Logo

Economy returns to growth

The U.S. economy grew in the third quarter for the first time in a year, beating market expectations, as consumer spending and new home-building rebounded, signaling the end of the worst recession in 70 years.
IBTimes Logo

Economy returns to growth after a year of declines

The U.S. economy grew in the third quarter for the first time in a year, beating market expectations, as consumer spending and new home-building rebounded, signaling the end of the worst recession in 70 years.
IBTimes Logo

AutoNation posts profit on cost-cutting, Clunkers

AutoNation Inc, the largest U.S. auto retailer, posted a quarterly profit thanks to cost-cutting and the government's Cash for Clunkers incentive program and said it would target dealership acquisitions as the market recovers.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.