UNITED STATES

Oil falls below $68 after day-ago jump

IBTimes Logo
Oil fell nearly $1 to below $68 a barrel on Tuesday as investors took profit from a jump of more than 3 percent a day earlier, but analysts said sentiment remained bullish amid growing signs of economic recovery.
IBTimes Logo

Asian shares hit 2009 high on recovery hopes

Improving global manufacturing data lifted Asian shares on Tuesday near levels before the collapse of Lehman Brothers in September, but the pace of gains slowed as investors pondered how much longer a heady three-month rally will last.
More news
IBTimes Logo

Most U.S. retailers likely saw sales fall in May

Despite Memorial Day sales, warmer weather and deals such as $1 flip-flops, most U.S. retailers are expected to post declines in same-store sales in May as shoppers kept hunting for bargains in the recession.
IBTimes Logo

Target to partner with DailyCandy.com: report

Target Corp, the No. 2 U.S. discount retailer, plans to announce a partnership with Comcast Corp's free daily e-mail newsletter and website DailyCandy.com on Tuesday, the Wall Street Journal reported.
IBTimes Logo

Beatles reunite for new video game

Rock Band, the karaoke-style game that lets users live out their band dreams, has a new video game coming out and unveiled it at the E3 Video game conference in Los Angeles.
IBTimes Logo

Oil falls after 3-percent jump, holds above $68

Oil fell on Tuesday but held above $68 a barrel as investors took profit from a jump of more than 3 percent a day earlier, spurred by hopes of economic recovery on the back of improving factory activity.
IBTimes Logo

GM files for bankruptcy

General Motors filed for bankruptcy on Monday as the Obama administration took the first steps to try to revive a failed icon of American industry by extending unprecedented federal funding and oversight.
IBTimes Logo

GM files for bankruptcy, asks for quick action

General Motors Corp filed for bankruptcy on Monday, as the Obama administration took the first steps in court to try to revive a failed icon of American industry by extended unprecedented funding and oversight.
IBTimes Logo

Exxon sticks to fossil fuels in near term despite alt energy push in U.S.

Exxon Mobil Corp, the world’s largest traded oil and natural gas company, is keeping fossil fuels as part of its primary strategy for the near term despite a growing U.S. government push for alternative energy sources with less impact on climate change, the company’s chief executive said recently.
IBTimes Logo

Cisco to replace GM in the Dow, stocks rise

Cisco Systems Inc announced on Monday its inclusion in the Dow Jones Industrial Average, replacing General Motor Corp which filed for bankruptcy in the morning, effective on June 8.
IBTimes Logo

JPMorgan, Amex to sell stock to get out of TARP

JPMorgan Chase & Co and American Express Co on Monday announced plans to sell $5.5 billion of common stock, hoping to position themselves to quickly repay funds from the government's bank bailout plan.
IBTimes Logo

Gov. has 'no interest' in running GM

President Obama said on Monday that the U.S. government has no interest in running General Motors although tax-payers will own a majority of the strugling company after it emerges from bankruptcy.
IBTimes Logo

Wall Street jumps on recovery bets and GM; AmEx off late

U.S. stocks rose on Monday, sending the S&P 500 to its highest close in seven months, as reassuring economic data reinforced hopes that demand will stabilize, while General Motors' long-expected bankruptcy filing ended uncertainty about the automaker's fate.
IBTimes Logo

U.S. manufacturing shrinks at slower pace in May

The U.S. manufacturing sector showed improvement in May, contracting at a slower rate for the fifth straight month, while consumer spending slipped only slightly in April, according to reports Monday that offered more proof the deep recession is losing its bite.
IBTimes Logo

What happened to Flight 447?

So what happened to Air France Flight 447? It is early and speculation at this juncture is often wildly wrong. And remember, there are usually several factors that conspire to bring an airliner down.
IBTimes Logo

Wall Street soars on economic optimism, GM relief

U.S. stocks rose on Monday, sending the S&P 500 to its highest close in seven months, as reassuring economic data reinforced hopes that demand will stabilize, while General Motors' long-expected bankruptcy filing ended uncertainty about the automaker's fate.
IBTimes Logo

Cinedigm touts Q&A as way of digital cinema future

Cinedigm said on Monday it will host the first live, virtual question-and-answer session between a film's cast in one location and audiences in separate theaters to show off a new way that digitally equipped cinemas can lure audiences.
IBTimes Logo

Tired talent star Susan Boyle admitted to clinic

British singing sensation Susan Boyle was admitted to a London clinic suffering from emotional exhaustion after being beaten in the final of the Britain's Got Talent TV contest, judges on the show said on Monday.
IBTimes Logo

Disney buys mom-oriented websites from Kaboose

The Walt Disney Co on Monday said it closed an $18 million deal to buy several Web sites from Kaboose Inc as part of a long-standing effort to beef up its Web presence and advertising muscle among parents, especially mothers.
IBTimes Logo

Delphi in deal to emerge from bankruptcy

Delphi Corp said on Monday it has reached a deal to sell most of its global operations to private equity firm Platinum Equity, allowing the car parts supplier to emerge from Chapter 11 bankruptcy protection.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.