UNITED STATES

IBTimes Logo

Fed's Beige Book sees signs economy is improving

Half of the Federal Reserve's 12 districts saw evidence the U.S. economy had improved by the end of August, although labor markets remained weak and retail sales were flat, a Fed report said on Wednesday.

Fed report sees signs U.S. economy is improving

IBTimes Logo
Half of the Federal Reserve's 12 districts saw evidence the U.S. economy had improved by the end of August, although labor markets remained weak and retail sales were flat, a Fed report said on Wednesday.

Fed report sees signs economy is improving

IBTimes Logo
Half of the Federal Reserve's 12 districts saw evidence the U.S. economy had improved by the end of August, although labor markets remained weak and retail sales were flat, a Fed report said on Wednesday.
More news
IBTimes Logo

Revived jeweler Faberge seeks ultra rich online

Revived luxury firm Faberge, whose namesake designed jewel-encrusted eggs for Russian Tsars, plans to sell its first collection of jewelry pieces worth up to $7 million each to the ultra rich on the Web.
IBTimes Logo

U.S. should consider trust for auto stake: panel

The Obama administration should consider a trust for its stake in U.S. auto companies to ensure rigorous independent management and facilitate a way out for taxpayers, a government watchdog found on Wednesday.
IBTimes Logo

Treasury sees millions more foreclosures

Only 12 percent of U.S. homeowners eligible for loan modifications under the Obama administration's housing rescue plan have had their mortgages reworked, and millions more foreclosures are coming, the Treasury Department said on Wednesday.
IBTimes Logo

Koenigsegg inks deal with China's BAIC over Saab

State-run Beijing Automotive Industry Holdings will take a minority stake in Koenigsegg as part of the Swedish luxury carmaker's purchase of General Motors' Saab unit, in the latest push by a Chinese auto firm to secure a global footprint.
IBTimes Logo

Oil price rises above $72 on weak dollar

Oil prices rose above $72 a barrel on Wednesday for the first time this month as a falling dollar spurred investors to hedge against inflation by buying commodities.
IBTimes Logo

Madoff's penthouse could be yours for $10 million

The New York City penthouse where imprisoned fraudster Bernard Madoff spent his last few days of freedom with his wife Ruth is set to go on sale later this week, according to the U.S. Marshals Service
IBTimes Logo

U.S. and U.K. Aaa ratings safe for now: Moody's

The United States' and Britain's triple-A sovereign debt ratings are safe for now but both countries will need to severely adjust fiscal policies in the wake of the global financial crisis, Moody's Investors Service said in a statement released late on Tuesday.
IBTimes Logo

Ice Edge pulls Coyotes bid, leaving Balsillie and NHL

Ice Edge Holdings, a group of U.S. and Canadian businessmen, has dropped out of the auction set to start later this week for the National Hockey League's Phoenix Coyotes, leaving Canadian billionaire James Balsillie and the NHL as the only bidders for the bankrupt team.
IBTimes Logo

Barclays Capital sees further U.S. growth

British bank Barclays, which snapped up Lehman Brothers' U.S. business a year ago, aims to be a consistent top-five player in U.S. equities and says it is not done with expanding there.
IBTimes Logo

Treasury says millions more foreclosures coming

Only 12 percent of U.S. homeowners eligible for loan modifications under the Obama administration's housing rescue plan have had their mortgages reworked, and millions more foreclosures are coming, the Treasury Department said on Wednesday.
IBTimes Logo

Oil price rises over $72 on weak dollar

Oil prices rose above $72 a barrel on Wednesday for the first time this month as a falling dollar spurred investors to buy commodities as a hedge against inflation.
IBTimes Logo

McDonald's same-store sales rise 2.2 percent

McDonald's Corp's August sales at existing restaurants rose 2.2 percent globally, missing analysts' target, as strength in Europe partly offset weakness in the United States and other parts of the world.
IBTimes Logo

What Labor Day means to Americans?

In recent years, most Americans have regarded Labor Day as a vacation day at the end of summer. However the history of Labor Day and what the day represents should not be forgotten.
IBTimes Logo

Nokia to skip operator tailoring for Linux phones

Nokia Oyj plans to skip tailoring software of its upcoming top-of-the-range model N900 to different operators, raising the risk some carriers, who focus on integrating their own software, could refuse to offer the model.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.