UNITED STATES

IBTimes Logo

American Axle reaches deal with lenders, GM

American Axle & Manufacturing Holdings Inc said on Thursday it has reached a new commercial agreement with General Motors Co, its main customer, and a revised credit agreement with lenders.

Toyota plans $1 billion marketing, more hybrids

IBTimes Logo
Toyota Motor Corp is preparing a $1 billion marketing campaign to boost U.S. sales in the fourth quarter, while also expanding its line of hybrid models under the Prius name, the company said on Thursday.
IBTimes Logo

U.S. drops Bush plan for Europe missile shield

President Barack Obama on Thursday overhauled plans for a missile defense shield in eastern Europe, promising instead stronger, swifter defense systems to protect U.S. allies against any threat from Iran.
More news
IBTimes Logo

FedEx profit tumbles, says plans to raise rates

Package delivery giant and U.S. economic bellwether FedEx Corp reported a 53 percent drop in quarterly profit on Thursday as the worldwide economic downturn continued to weigh on shipping volumes.
IBTimes Logo

Some Biodiesel Basics - Groundwork for Coming Articles

There's a good chance you've been hearing more about biodiesel lately. This article, the first of several short discussions about biodiesel that will appear in the next few months, lays out some of the basic terminology and qualities associated with this fuel.
IBTimes Logo

US copper dips under early dollar-induced pressure

U.S. copper futures fell before steadying at slightly lower levels Thursday morning, under pressure from a steadier dollar and down even as latest labor, housing and manufacturing data provided further evidence of recovery.
IBTimes Logo

G20 stands firm on economic support pre-summit

World leaders will commit to keep spending to prop up their economies at a G20 summit next week, Russia said on Thursday, while France appeared to tone down its rhetoric on the issue of bank bonus caps.
IBTimes Logo

G20 firm on economic support

World leaders will commit to keep spending to prop up their economies at a G20 summit next week, Russia said on Thursday, while France appeared to tone down its rhetoric on the issue of bank bonus caps.
IBTimes Logo

U.S. jobless claims decline 12,000 in latest week

The number of U.S. workers filing new claims for jobless benefits unexpectedly fell last week, data on Thursday showed, while there was a rise in the number of those still on the benefit rolls after an initial week of aid.
IBTimes Logo

Karzai defends Afghan vote, blast hits Italian troops

President Hamid Karzai defended Afghanistan's disputed presidential election on Thursday after early results showed him the winner, while a suicide bomb attack on Italian troops tested the resolve of a major NATO ally.
IBTimes Logo

Oil hovers around $72.50 after stock rise

Oil prices hovered around $72.50 a barrel on Thursday after rising more than 5 percent this week as swollen U.S. distillate stocks such as diesel offset a weaker dollar and rallying equities.
IBTimes Logo

Discover earnings beat estimates, shares rise

Discover Financial Services posted better-than-expected quarterly earnings on Thursday as loan losses grew less than anticipated and the sixth-largest U.S. credit card issuer trimmed costs.
IBTimes Logo

Indonesia's most wanted man killed in police raid

Indonesia's most wanted Islamist militant was killed in a police shoot-out in Central Java, police said on Thursday, lifting a major security threat ahead of a planned visit by U.S. President Barack Obama.
IBTimes Logo

New Japan PM gets good news on economy, voter rating

New Japanese Prime Minister Yukio Hatoyama got some good news on his first full day in office as the central bank said the struggling economy was showing signs of recovery and 72 percent of voters backed his cabinet.
IBTimes Logo

Obama to reassure G20 on Wall Street reform

President Barack Obama will pledge U.S. action on financial regulatory reform at the Group of 20 summit in Pittsburgh and underscore the need for global coordination on the issue, a senior aide said on Wednesday.
IBTimes Logo

Leno show loses 7 million viewers on second night

Jay Leno's new prime-time chat and comedy TV show lost more than 7 million viewers on its second night after a slew of bad reviews but was still the No. 1 U.S. network show of the night, audience ratings figures showed on Wednesday.
IBTimes Logo

U.S. abandons missile shield in Europe

President Barack Obama on Thursday abandoned plans for a large missile defense shield in eastern Europe, promising instead a stronger, swifter defense system to protect U.S. allies against any threat from Iran.
IBTimes Logo

U.S. seeks more data from Bemis on Alcan buy

U.S. food packager Bemis Co said on Thursday that the U.S. Department of Justice had requested additional information about its planned purchase of Rio Tinto's U.S. packaging arm.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.