UNITED STATES

IBTimes Logo

BofA and other U.S. banks scramble for capital

Several large U.S. banks undertook big capital-raising efforts on Tuesday, hoping to satisfy regulators who want to see bigger cushions against a deep recession, or proof they have enough of a buffer already.
IBTimes Logo

Nokia halts investment in media-sharing site

Nokia, the world's biggest cell phone maker, said on Tuesday it would halt investment in its first major Internet service push, a media sharing site, as part of a revamp of its services strategy.
More news
IBTimes Logo

U.S. trade gap widens first time in seven months

The U.S. trade gap widened in March for the first time in seven months as exports fell 2.4 percent and imports dropped for the eighth consecutive month, a U.S. government report showed on Tuesday.
IBTimes Logo

Streak of shrinking trade deficits ends

A streak of shrinking U.S. trade deficits for eight straight months ended in March, with a government report showing on Tuesday that exports fell faster than imports as foreign companies purchased less capital goods.
IBTimes Logo

Ghosn: won't leave Nissan until profitable

Carlos Ghosn, chief executive of both Nissan Motor Co (7201.T) and Renault SA (RENA.PA), said he would not resign as the Japanese carmaker's chief before it was once again comfortably making profits.
IBTimes Logo

U.S. stimulus to save 3.5 million jobs by end 2010: official

The Obama administration's fiscal stimulus plan will meet previous estimates to save 3.5 million U.S. jobs by the end of 2010, but the unemployment rate at that time may be higher due to further deterioration in the economy, a senior administration official said on Monday.
IBTimes Logo

Thousands flee Mogadishu, death toll hits 113

Thousands of residents fled bomb-blasted north Mogadishu on Tuesday where the worst fighting in months between Islamist militants and the government has killed at least 113 civilians, according to a rights group.
IBTimes Logo

Mexican tourism could lose $4 billion from flu scare

Mexico could lose up to $4 billion in tourism income after foreign visitors canceled trips to popular beach resorts and colonial towns due to the flu scare, Tourism Minister Rodolfo Elizondo said on Monday.
IBTimes Logo

BofA sells Hopu $7.3 billion stake in CCB: report

Hopu Investment Management Co., led by Goldman Sachs Group Inc’s China partner Fang Fenglei, on Tuesday acquired a 5.8 percent stake in China construction Bank Corp for about $7.3 billion from struggling Bank of America Corp, people with knowledge of the matter told Bloomberg.
IBTimes Logo

Stock futures higher on BofA sale, Bernanke comments

Stock futures pointed to a higher open on Tuesday after positive comments on the economy and banks from Fed Chairman Ben Bernanke and news Bank of America sold its stake in a Chinese bank to help shore up its balance sheet.
IBTimes Logo

Oil rises above $59 to 6-month high

Oil prices rose more than a dollar on Tuesday to a six-month high above $59 a barrel, boosted partly by a weaker dollar and gains on equity markets.
IBTimes Logo

Stock futures show flat to higher open as BofA, Ford eyed

Stock futures pointed to a flat to higher open on Tuesday as investors weighed Bank of America Corp's sale of a stake in a Chinese bank and Ford Motor Co signaled it would take advantage of a recent rally by selling stock to raise cash.
IBTimes Logo

Nissan posts $2.4 billion loss

Nissan Motor Co lost $2.4 billion in the fourth quarter amid a global slump in car sales, and forecast more losses this year as it looks to conserve cash by putting product launches and growth plans on hold.
IBTimes Logo

CME ready for green derivatives push

CME Group, the world's largest derivatives exchange, is gearing up for a U.S. cap-and-trade carbon policy that could mean a boom in green futures and options trade, a top CME official said on Monday.
IBTimes Logo

Stock futures point to flat open as BofA, Ford eyed

U.S. index stock futures pointed to a nearly flat open on Tuesday, as investors eyed Bank of America's sale of a stake in a Chinese bank and Ford signaled it would take advantage of a recent rally by selling stock to raise cash.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.