UNITED STATES

Communication pioneers win 2009 physics Nobel

IBTimes Logo
A pioneer in fiber optics and two scientists who figured out how to turn light into electronic signals -- work that paved the way for the Internet age -- were awarded the 2009 Nobel Prize for physics on Tuesday.
IBTimes Logo

Retail sales to show slump may persist

U.S. retailers probably saw sales decline again in September, signaling weak demand leading into the holiday season that will require chains to sharpen their focus on value.
More news
IBTimes Logo

Obama breaks precedent by not meeting Dalai Lama

President Barack Obama will not meet the Dalai Lama during his five-day trip to the U.S. capital beginning on Monday, the first time in 18 years the exiled Tibetan leader has visited Washington without seeing the president.
IBTimes Logo

Senate panel awaits report before health vote

Democratic hopes for a quick Senate Finance Committee vote on a broad U.S. healthcare overhaul were dashed on Monday as budget experts took longer than expected with their estimate of the bill's cost.
IBTimes Logo

U.S. Treasury warns Iran may face sanctions

A senior U.S. Treasury Department official said on Tuesday that if Iran fails to demonstrate that it is not seeking nuclear weapons it may face sweeping sanctions from the rest of the world.
IBTimes Logo

Walmex seen posting strong 15 pct net jump

Leading Mexican retailer Wal-Mart de Mexico is expected to post a strong 15 percent rise in third-quarter profits as it uses promotions aimed at shoppers with little money to spend trying to beat the recession.
IBTimes Logo

Tandberg-Cisco deal puts Polycom in play

Cisco Systems Inc's overture for Norway's Tandberg puts U.S.-based Polycom Inc in play as it is the only public company now left in the video conferencing market.
IBTimes Logo

Pepsi Bottling profit tops view, sales miss

Pepsi Bottling Group Inc reported slightly-better-than-expected quarterly profit on Tuesday, but revenue fell short of Wall Street estimates, hurt by lower volume in the United States, Canada and Europe.
IBTimes Logo

Playboy names company veteran as president

Playboy Enterprises Inc on Tuesday named an 11-year veteran of the adult entertainment company and magazine publisher as president, a new position that will oversee all of its businesses.
IBTimes Logo

Emerson to buy Avocent for $1.2 billion

Industrial conglomerate Emerson Electric Co said it would buy network equipment technology provider Avocent Corp for about $1.2 billion in cash to expand its business that ensures the stability of large computer systems.
IBTimes Logo

Palestinians warn Israel on Jerusalem tensions

A senior Palestinian official on Tuesday accused Israel of deliberately creating an extremely dangerous situation in East Jerusalem, to trigger violence, justify a crackdown and tighten its grip on the disputed city.
IBTimes Logo

China's Minsheng eyes control of U.S. bank UCBH: report

Minsheng Bank, China's first listed non-state lender, is looking to increase its stake in San Francisco-based UCBH Holdings Inc, in order to bolster the U.S. bank's capital, Bloomberg said, citing two people briefed on the matter.
IBTimes Logo

Wall Street jumps on Australia rate hike, weak dollar

Stocks rose more than 1 percent on Tuesday on renewed hopes for a global economic recovery after the Australian central bank raised interest rates and in anticipation of the start of an improved U.S. earnings season.
IBTimes Logo

Citigroup starts Tiffany with buy

Citigroup initiated coverage of jeweler Tiffany & Co with a buy rating and a $50 price target, citing an expected return to sustained positive same-store sales in the fourth quarter.
IBTimes Logo

North Korea says ready to return to nuclear talks

North Korea on Tuesday signaled it could return to nuclear disarmament talks it had declared dead six months ago, but a report it was near restoring its atomic plant underlined the secretive state would keep the stakes high.
IBTimes Logo

NATO says kills 100 fighters in huge Afghan battle

NATO forces said Tuesday they had killed more that 100 fighters in a huge weekend battle in eastern Afghanistan in which eight Americans died, the deadliest firefight for U.S. troops in more than a year.
IBTimes Logo

Gates blames past lack of troops for Taliban edge

Defense Secretary Robert Gates blamed the Taliban's revival on a past failure to deploy enough troops to Afghanistan and said U.S. forces would not withdraw whatever the result of President Barack Obama's strategy review.
IBTimes Logo

China a bright spot for German luxury carmakers

The booming Chinese auto market continues to be one of the few bright spots for German luxury carmakers, which have drawn few benefits from a flurry of subsidy programmes like the U.S. cash for clunkers scheme.
IBTimes Logo

Apartment vacancy rate hits 23-year high: report

The U.S. apartment market in the third quarter turned in one of its weakest performances ever as the national vacancy rate hit a 23-year high despite being propped up by landlords willing to take lower rent to keep tenants, according to real estate research firm Reis Inc.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.