UNITED STATES

IBTimes Logo

Trade gap widens on oil prices

The U.S. trade deficit widened in June to $27.0 billion, as goods imports increased for the first time in 11 months on the back of higher oil prices, a Commerce Department report said on Wednesday.

Antidepressant suicide risk varies by age: FDA

IBTimes Logo
People under age 25 who take antidepressants have a higher risk of suicide, but adults older than that do not, an analysis by U.S. Food and Drug Administration researchers released on Tuesday showed.

Mortgage applications drop as loan rates rise

IBTimes Logo
U.S. mortgage applications fell last week, reflecting a drop in demand for home refinancing loans as interest rates soared to their highest levels since June, data from an industry group showed on Wednesday.
IBTimes Logo

NY City swine flu victim widow plans $40 mln suit

The widow of a New York City school administrator who became the first person in the city to die of H1N1 flu said on Tuesday she planned to file a $40 million wrongful death lawsuit against the city.
More news
IBTimes Logo

Midday Minute August 12 – Finance

The U.S. government and Swiss bank UBS have reached an agreement in a case seeking names of approximately 52,000 names of suspected American tax evaders. The governments have initialed agreements and will later sign a final accord, Justice Department lawyer Stuart Gibson told U.S. District Judge Alan Gold in Miami today, Bloomberg reported.
IBTimes Logo

Amid protests, Obama assails insurance companies

President Barack Obama assailed insurance companies on Tuesday as he sought to counter an onslaught of conservative opposition to a U.S. healthcare overhaul at a town hall meeting that drew protests outside.
IBTimes Logo

Afternoon Forex Overview

The dollar is little changed against its major rivals Wednesday morning as the market largely shrugs off U.S. trade data for June and focuses on the Federal Reserve's policy meeting.
IBTimes Logo

Oil rises back above $70 as equities climb

Oil rose back above $70 a barrel on Wednesday as equity markets climbed, but concerns about the strength of demand and a jump in U.S. crude inventories kept gains in check.
IBTimes Logo

U.S. mortgage applications drop as loan rates rise

U.S. mortgage applications fell last week, reflecting a drop in demand for home refinancing loans as interest rates soared to their highest levels since June, data from an industry group showed on Wednesday.
IBTimes Logo

Russia hostage to its imperial past: Ukraine

Russian leaders are stuck in their imperial past and seem to relish bullying and threatening their neighbors, a senior Ukrainian official said on Wednesday, responding to a tirade from Moscow the previous day.
IBTimes Logo

Fannie Mae sells $3 bln bills at lower rates

Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $3.0 billion in bills at lower interest rates, compared with sale of the same maturities than a week ago.
IBTimes Logo

Oil rises back towards $71 as equities trump demand

Oil reversed early losses on Wednesday rising toward $71 a barrel on equity markets, after falling to the lowest in August so far due to concerns about the strength of demand ahead of weekly U.S. inventory data.
IBTimes Logo

Starwood raises $810 mln, may be year's top IPO

Starwood Property Trust Inc priced shares for $20 on Tuesday and twice boosted the number of shares offered in what is likely to emerge as the largest U.S. initial public stock offering of the year.
IBTimes Logo

Emdeon shares jump in debut

Emdeon Inc shares started trading for $17.75 in their debut on Wednesday following their initial public offering, and rose to as much as $18.24.
IBTimes Logo

Iran speaker says vote detainees not been raped: TV

The speaker of Iran's parliament on Wednesday rejected as baseless an opposition leader's accusation that moderates had been raped in jail following their detention in unrest linked to June's disputed presidential poll.
IBTimes Logo

Coal giant says Australian ETS will hurt industry

U.S. coal giant Peabody Energy Corp. said Australia's planned carbon trade scheme would hurt investment in coal mines and could force mine closures as Australia's parliament prepares to vote down the scheme.
IBTimes Logo

U.S., UBS have initialled agreement in tax dispute

The U.S. government and Swiss bank UBS AG have initialled agreements to settle their tax evasion dispute, a U.S. government attorney said on Wednesday, ending weeks of tough negotiations between the two sides.
IBTimes Logo

Auto inventories tight, U.S. clunker interest slips

Red hot auto sales under the U.S. government's cash for clunkers incentive began to cool as dealer inventories tightened and showroom traffic showed signs of leveling off from its frantic pace of a week ago.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.