UNITED STATES

IBTimes Logo

Michael Jackson rules pop charts for 3rd week

Michael Jackson's memorial proved to be good for business, sparking another nostalgic frenzy for his music that continues to put the King of Pop atop music charts since his sudden death three weeks ago.

Daily outlook July 16 – Finance

IBTimes Logo
The unemployment claims report compiled weekly will release the number of individuals who filed for unemployment insurance for the first time for the week ending July 11. Initial jobless claims in the July 4 week fell a very steep 52,000 to 565,000 -- the lowest level since the beginning of the year.
More news
IBTimes Logo

Asian stocks surge to 1-month high

Asian shares jumped on Thursday, buoyed by strong U.S. earnings and increasing global recovery hopes after China's economy grew faster than forecast in the second quarter.
IBTimes Logo

BofA operating under secret regulatory sanction: report

Bank of America Corp is operating under a secret U.S. regulatory sanction that requires it to overhaul its board and address perceived problems with risk and liquidity management, The Wall Street Journal reported, citing people familiar with the situation.
IBTimes Logo

Asian stocks power to one-month high

Asian shares jumped on Thursday, buoyed by strong U.S. earnings and global recovery hopes after China's economy grew faster than forecast in the second quarter.
IBTimes Logo

Daily Wrap Up - July 15

Fed sees more jobs lost this year, higher rates in 2010, Paulson defends tactics, U.S. China partner for clean energy
IBTimes Logo

Obama bill seeks to shine spotlight on hedge funds

The Obama administration on Wednesday sent Congress legislation that would pry open hedge funds to wider scrutiny, requiring those with more than $30 million under management to register with the government and greatly boost disclosure.
IBTimes Logo

Four N. American geothermal companies plan tie-up

Taking advantage of investor appetite for renewable energy projects, four geothermal firms said on Wednesday they plan to combine forces to form a single, larger company that will be able to raise funds more easily to develop green power projects.
IBTimes Logo

Fidelity funds block genocide-linked proposal

Shareholders of four funds at Fidelity Investments, the world's largest mutual fund manager, rejected a proposal on Wednesday that would have blocked investments in companies linked to genocide.
IBTimes Logo

Asia, Europe giants bid for InterOil LNG stake

CNOOC, PTT PCL, ENI, and Osaka Gas are among companies that submitted indicative bids for a 20 to 35 percent stake in InterOil's liquefied natural gas project in Papua New Guinea, sources said.
IBTimes Logo

Forex Daily Commentary - 16/07/2009

Australian Dollar: After a quiet Asian session yesterday the Aussie dollar came to life overnight, rallying hard from 0.7950 to open this morning back above the 80 cent handle at 0.8035.
IBTimes Logo

California governor says hopeful budget deal near

California Governor Arnold Schwarzenegger said on Wednesday he was hopeful a deal with lawmakers to resolve the state's budget crisis by closing a $26.3 billion shortfall was near, perhaps even by the end of the day.
IBTimes Logo

CIT talks fall apart, bankruptcy may loom

CIT Group Inc , a major lender to small- and mid-sized U.S. businesses, said on Wednesday that talks with the government to bail out the company had ended, a development that could make bankruptcy likely.
IBTimes Logo

S&P has best 3 days since March on earnings optimism

U.S. stocks jumped on Wednesday with the S&P 500 racking up its three best days since March, sparked by results from bellwether Intel Corp that lifted hopes for a rebound in technology spending and improved corporate profitability.
IBTimes Logo

Obama's financial reforms grind forward under fire

Two key components of the Obama administration's bold plan to reshape U.S. financial regulation came under attack on Wednesday, with lawmakers and lobbyists engaged in a reform debate of immense scope.
IBTimes Logo

Daily wrap up July 15 – Finance

U.S. Federal Reserve officials have modified their unemployment rate predictions as they expect the rate to top 10 percent above the previously forecast value of 9.6 percent. In June the nation's unemployment rate climbed to 9.5 percent, a 26-year high. The latest projections have cast a new shadow of doubt on the timing the economy will take to recover.
IBTimes Logo

Michael Jackson rules pop charts for third week

Michael Jackson's memorial proved to be good for business, sparking another nostalgic frenzy for his music that continues to put the King of Pop atop music charts since his sudden death three weeks ago.
IBTimes Logo

Intel results, data fuel broad rally on Wall St

U.S. stocks racked up strong gains on Wednesday, sparked by results from bellwether Intel Corp that lifted hopes for a rebound in technology spending and improved corporate profitability.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.