UNITED STATES

IBTimes Logo

Oil edges back towards $70 ahead of EIA data

Oil reversed early losses on Wednesday to edge back toward $70 a barrel, after initially falling to the lowest price in August so far on concerns about the strength of demand ahead of weekly U.S. inventory data.
IBTimes Logo

Nestle trims 2009 outlook as sales disappoint

Nestle , the world's biggest food group, pared its full-year outlook on Wednesday after missing forecasts with first-half organic sales growth of 3.5 percent, knocking its shares lower.
More news
IBTimes Logo

Wall Street dragged lower by financials

U.S. stocks fell on Tuesday after a prominent banking analyst warned the sector's fundamentals have yet to improve, and an unexpectedly large drop in wholesale inventories raised worries about an economic recovery.
IBTimes Logo

Asian shares fall in pre-Fed caution

Asian shares sagged on Wednesday after losses on Wall Street and as investors locked in profits as they waited to hear what the U.S. Federal Reserve would say about prospects for recovery in the world's largest economy.
IBTimes Logo

Forex Daily Commentary - Aug 12

Despite a relatively upbeat NAB survey on business conditions the Aussie dollar retreated from its intraday highs at 0.8380 in Asia yesterday dropping to a low of 0.8320 with the market questioning the sustainability of the recent rally in equities.
IBTimes Logo

Madoff firm's CFO pleads guilty, denied bail

Bernard Madoff's long-time deputy, Frank DiPascali, on Tuesday pleaded guilty to financial crimes including helping others carry out Wall Street's biggest investment fraud, but shed little more light in court on the decades-long swindle.
IBTimes Logo

Auto inventories tight, 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.
IBTimes Logo

GM claims unprecedented mileage from Volt

The Chevrolet Volt, the electric car General Motors Co is counting on to revitalize its lineup, is on track to achieve an unprecedented fuel economy rating of 230 miles per gallon in city driving, GM said on Tuesday.
IBTimes Logo

GM claims unprecedented mileage rating for Volt

The Chevrolet Volt -- the electric vehicle General Motors Co [GM.UL] is counting on to recharge its image with consumers -- is on track to hit an unprecedented fuel economy rating of 230 miles per gallon in city driving, the automaker said on Tuesday.
IBTimes Logo

GM turns to eBay to sell cars

General Motors Co and eBay Inc are launching a test program in California that will allow consumers to negotiate with dealers and buy new vehicles online, the companies said on Monday.
IBTimes Logo

Lehman can pursue CDO claim: court

Lehman Brothers Holdings Inc can pursue claims on assets in a bankruptcy case expected to set a precedent for treatment of derivatives in complex investment products, a New York court said on Tuesday.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.