UNITED STATES

IBTimes Logo

Stock futures higher as GDP data awaited

Stock futures were set to open about 1 percent higher on Wednesday as investors were hopeful a reading on gross domestic product would fuel more optimism that the recession is subsiding.

Time Warner profit falls on weak ad sales

IBTimes Logo
Media conglomerate Time Warner Inc , posted a flat first quarter profit on Wednesday, weighed down by a drop in advertising sales at its AOL Internet and Time Inc publishing units.
More news
IBTimes Logo

Positive earnings drive stocks higher; yen dips

World stocks rose on Wednesday and government bonds and the low-yielding yen fell as forecast-beating earnings from European companies spurred share buying ahead of key U.S. growth data.
IBTimes Logo

Citi, BofA may need more capital after stress tests

Citigroup Inc may have to raise more capital after preliminary results of its stress test from U.S. regulators, people familiar with the matter said, and Bank of America Corp may need billions more, the Wall Street Journal reported.
IBTimes Logo

Asian stocks fall on swine flu, U.S. bank worries

Asian stocks dropped for a second day on Tuesday and Japanese shares hit a one-month low, with investors fretting about the potential economic fallout if the swine virus outbreak becomes a full-fledged pandemic and the results of U.S. bank stress tests.
IBTimes Logo

CalPERS will vote against Ken Lewis as BofA Chairman

The California Public Employees’ Retirement System, which is the largest U.S. public pension fund, announced on Tuesday that it will vote against the re-election of the entire Bank of America board of Directors, including Chief Executive Officer and Chairman Ken Lewis.
IBTimes Logo

U.S. wind energy industry grew in first quarter

The wind energy industry installed 2,836 megawatts of new generating capacity from January to March 2009, double the amount of the same period a year ago, said the American Wind Energy Association on Tuesday.
IBTimes Logo

E*Trade pressured to raise capital; reports loss

E*Trade Financial Corp, a U.S. retail brokerage, said it is facing regulatory pressure to boost capital as it posted its seventh straight quarterly loss, and its shares fell 25 percent in after-hours trade.
IBTimes Logo

U.S. Justice Department looks into Google books deal

The U.S. Justice Department is making inquiries about a class action deal that Google Inc struck giving it the right to digitize and sell entire libraries, two experts on digitization told Reuters on Tuesday.
IBTimes Logo

Chrysler lenders and Treasury set deal framework: sources

The U.S. Treasury has reached a tentative deal with banks representing most of Chrysler LLC's first-lien debt but the agreement needs approval from more than 40 other lenders holding the automaker's debt, people familiar with the talks said on Tuesday.
IBTimes Logo

E*Trade reports first-quarter loss

E*Trade Financial Corp said on Tuesday its loss in the first quarter deepened missing Wall Streets expectations and that it would have to raise new capital. Its were down 23 percent in after-hours trade.
IBTimes Logo

Tips for Staying Safe during Swine Flu Epidemic

The number of confirmed Swine Flu cases in the U.S. has risen to 64 leading the government to declare a state of emergency; doctors fear this may cause a pandemic as the number of infected continues to rise.
IBTimes Logo

U.S. swine flu caseload jumps to 65

The U.S. swine flu caseload rose to 65 in six states on Tuesday as lawmakers launched emergency hearings to evaluate the government's response to what doctors warn could become a pandemic.
IBTimes Logo

New swine flu infections intensify travel fears

New swine flu infections were found around the world on Tuesday and the specter of a pandemic began to hit the travel industry as governments warned people to stay away from Mexico where 149 people have died.
IBTimes Logo

Wall St slips as more bank woe offsets data, IBM

U.S. stocks fell on Tuesday as fresh worries that major banks may need to raise more money offset more reassuring economic data that suggested the worst may be over and a big dividend boost from IBM.
IBTimes Logo

Companies restrict travel, advise staff on flu

Companies began restricting employee travel in response to a potential flu pandemic that has claimed at least 149 lives in Mexico and weighed stronger measures, while an unconfirmed case at Ernst & Young led the firm to close a portion of its New York office.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.