UNITED STATES

IBTimes Logo

Obama keeps heat on insurance firms

President Barack Obama said on Saturday U.S. healthcare worked better for insurance companies than for patients, as he pressed his case for a major overhaul that critics say is too expensive.

Citi banker Stine to join Citadel -source

IBTimes Logo
Hedge fund Citadel, which launched an investment banking group earlier this year, has hired a senior Citigroup Inc financial institutions investment banker, a source familiar with the matter said on Friday.
More news
IBTimes Logo

Berkshire reports Becton Dickinson stake, ups J&J

Billionaire Warren Buffett's Berkshire Hathaway Inc reported on Friday a new 1.2 million share investment in Becton Dickinson & Co and an increased stake in Johnson & Johnson , as it boosted exposure to some health-care companies.
IBTimes Logo

U.S. compensation czar says review will take time

The U.S. official responsible for setting pay for top executives at finance firms that received billions of dollars in government aid will take his time and conduct his work in private, a spokesman said on Friday.
IBTimes Logo

LatAm Stocks and Currencies slide as US data weigh

Latin American stocks and currencies posted losses on Friday after U.S. consumer sentiment weakened unexpectedly in August, raising questions about the strength of the economic recovery and increasing global aversion to risk.
IBTimes Logo

BetOnSports founder pleads guilty in U.S. court

The founder of the defunct British online gambling firm BetOnSports pleaded guilty in U.S. court on Friday and agreed to forfeit more than $43 million in criminal proceeds, the Justice Department said.
IBTimes Logo

Daily Wrap Up - August 14 - Energy

U.S. crude oil futures settled down $3.01 to $67.51 a barrel on the New York Mercantile Exchange Friday after a report showed consumer sentiment in early August was weak. Seven of the top ten best paid chief executive officers in the United States last year belong to oil companies.
IBTimes Logo

Daily Wrap Up - August 14 Tech

Search market leader Google Inc holds greater loyalty among its users, who conduct more searches a month than those on Yahoo! and Microsoft, new data issued on Friday showed, posing a challenge for the new team of rivals to Google.
IBTimes Logo

Daily Wrap Up August 14 – Finance

BB&T Corp. and the Federal Deposit Insurance Corp. have reached an agreement to take over Colonial BancGroup in Alabama the Wall Street Journal and Bloomberg reported citing anonymous sources. Colonial is Alabama's second-largest bank with $26.4 billion in assets and 355 branches in Florida, Alabama, Georgia, Nevada and Texas. The takeover would make BB&T the ninth-biggest U.S. bank by assets.
IBTimes Logo

Blackstone to launch 5 bln yuan Shanghai fund

Private equity firm Blackstone Group LP plans to launch a 5-billion-yuan ($732 million) fund that will primarily invest in the city of Shanghai, the city said in a statement on Friday.
IBTimes Logo

UBS tax deal seen involving big accounts

A landmark settlement that will spare UBS a lengthy and damaging U.S. tax trial is set to be signed next week and will involve the disclosure of the biggest holders of secret Swiss accounts.
IBTimes Logo

Billion-dollar IPOs set to return to U.S.

Investors lured by healthier stock markets and private equity firms eager to unload stakes in their portfolio companies are setting the stage for the return of billion-dollar-sized initial public offerings to the United States.
IBTimes Logo

BB&T set to buy Colonial Bank: Reports

BB&T Corp. and the Federal Deposit Insurance Corp. have reached an agreement to take over Colonial BancGroup in Alabama the Wall Street Journal and Bloomberg reported citing anonymous sources.
IBTimes Logo

BB&T to buy Colonial assets in FDIC-backed deal: reports

U.S. Southeast regional bank BB&T Corp will buy deposits and branches of Colonial BancGroup Inc following a move by regulators to take the struggling lender into receivership, media reports said, citing people familiar with the matter.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.