UNITED STATES

Eunice Kennedy Shriver dies at age 88

IBTimes Logo
Eunice Kennedy Shriver, who emerged from a powerful male-dominated political family to found the Special Olympics and become a leading advocate of the mentally disabled, died on Tuesday at the age of 88.

Daily Wrap Up for August 11 - Energy

IBTimes Logo
General Motors announced today that the Chevrolet Volt extended range electric car due out late 2010, would get an official EPA rating of more than 230 Miles Per Gallon in city driving. Duke Energy Corp, signed a memorandum of understanding with Chinese Huaneng Group to develop carbon capture and sequestration technologies.
IBTimes Logo

Bad assets may need more support

The U.S. Treasury Department should consider expanding programs to cleanse troubled assets from bank balance sheets if current efforts fail to restart markets or if economic conditions worsen, a U.S. bailout watchdog panel said on Tuesday.
More news
IBTimes Logo

Solar cell production seen growing 56 percent in 2009

Solar cell manufacturing capacity will grow 56 percent in 2009 despite weakened demand for renewable energy projects in the face of tight credit markets and a global economic recession, a report issued on Monday by research group DisplaySearch said.
IBTimes Logo

How much it will cost to power the GM Chevy Volt?

After General Motors said today its plug in electric car, the Chevy Volt, would have a range of 230 miles per gallon in city driving, interest grew about whether its price tag of around $40,000 will truly bring savings to consumers savings on a daily basis.
IBTimes Logo

Oil falls as U.S. data damps recovery hopes

Oil prices fell on Tuesday as doubts resurfaced over the pace of economic recovery after data showed another drop in U.S. wholesale business inventories and the U.S. government revised lower its forecast for global oil demand.
IBTimes Logo

Wall Street weighed down by financial stocks

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

U.S. economy has bottomed: George Soros

The U.S. economy has hit bottom and the current quarter will see positive growth due to the government's stimulus spending, billionaire financier George Soros said on Tuesday.
IBTimes Logo

Visa and MasterCard look abroad for growth

Visa Inc and MasterCard Inc, the world's largest credit card networks, are counting on foreign markets for the growth that recession-bound U.S. consumers have been unable to provide.
IBTimes Logo

U.S. productivity surges, inventories are lean

U.S. output per worker rose at its fastest pace in six years during the second quarter as businesses wrung more from shrinking staff in a sign that recovery from recession will be slow and unlikely to create a surge in hiring.
IBTimes Logo

Financial stocks drag Wall Street down

Stocks slid on Tuesday after a prominent banking analyst warned that the sector's fundamentals have not yet improved, sparking a sell-off in bank shares.
IBTimes Logo

Ashley Greene scandal pictures

Twilight actress Ashley Greene's scandal pictures and photos are said to have been spreading all over the internet like wildfire.
IBTimes Logo

Lawyers propose $2.5 million bail for Madoff deputy

Bernard Madoff's long-time right-hand man, Frank DiPascali, should be released on $2.5 million bond and his travel restricted following an expected guilty plea to criminal charges later on Tuesday, according to a proposal by U.S. prosecutors and his lawyer.
IBTimes Logo

Obama woos public on healthcare as debate heats up

President Barack Obama will seek to counter an onslaught of conservative opposition to his efforts to overhaul the U.S. healthcare system by taking his message to a town hall meeting with the public on Tuesday at a New Hampshire high school.
IBTimes Logo

Wall Street falls as financials, data spark jitters

U.S. stocks slid more than 1 percent on Tuesday after an unexpectedly large drop in inventories at wholesalers raised doubts about an economic recovery and bank shares skidded after a prominent analyst warned that fundamentals for the industry have not improved.
IBTimes Logo

Experimental drug effective in killing roundworms

An experimental drug developed by scientists in China appears to be effective in killing roundworms, a parasite that lurks in the intestines and which affects nearly two billion people in tropical countries.
IBTimes Logo

U.S. banks play catch-up on hiring effort

U.S. banks, which have cut thousands of jobs during the two-year-old financial crisis, are suddenly racing to fill empty seats to make the most of soaring stock markets and narrowing credit spreads.
IBTimes Logo

Sterlite confirms higher bid for miner Asarco

Indian Sterlite Industries, a subsidiary of London-listed Vedanta Resources, on Tuesday confirmed an improved offer for the operating assets of bankrupt U.S. copper miner Asarco LLC.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.