UNITED STATES

IBTimes Logo

Obama seeks new beginning with Cuba

President Barack Obama said on Friday the United States wants a new beginning with communist Cuba and was willing to work with its government on issues ranging from human rights to migration and the economy.

Obama sticks by auto chief despite NY probe link

IBTimes Logo
U.S. President Barack Obama stood by his auto task force head on Friday, saying Steven Rattner had not been accused of any wrongdoing related to an alleged pension kickback scheme in New York.
More news
IBTimes Logo

Economic optimism, GE spur sixth week run-up

Stocks rose on Friday, capping the S&P 500's longest weekly winning streak since 2007, helped by a reassuring report on the mood of consumers and stabilization in General Electric and Citigroup's quarterly results.
IBTimes Logo

Sony Ericsson posts heavy Q1 loss, slashes jobs

Mobile phone maker Sony Ericsson said on Friday it plans to cut one in five jobs this year in its battle to return to profit as a sluggish market brought a hefty first-quarter loss, as expected.
IBTimes Logo

Citigroup results top forecasts

Citigroup reported better-than-expected results as an accounting benefit for distressed companies, cost-cutting and improved trading results helped offset red ink from consumer lending and credit cards.
IBTimes Logo

Pressure mounts on BofA CEO before annual meeting

Two influential investor advisory groups sharply rebuked Bank of America Corp Chief Executive Kenneth Lewis over his handling of the buyout of ailing Merrill Lynch & Co, recommending he be thrown off the bank's board at its upcoming annual meeting.
IBTimes Logo

U.S. banks, lawmakers narrow cramdown terms: sources

Leading Democratic senators and three of the largest U.S. banks are narrowing the scope of legislation that could let troubled homeowners avoid foreclosure through bankruptcy courts, several sources familiar with the negotiations said.
IBTimes Logo

Wall Street jumps for sixth week on economic hopes, GE

Stocks rose on Friday, capping the S&P 500's longest weekly winning streak since 2007, helped by a reassuring report on the mood of consumers and stabilization in General Electric and Citigroup's quarterly results.
IBTimes Logo

Washington, Brussels urged to join U.N. racism meet

Human rights groups said on Friday the United States and the European Union should take part in next week's U.N. conference on racism now that diplomats have removed the most contentious sections of the conference declaration.
IBTimes Logo

U.S. clears way to regulate greenhouse gases

The Obama administration opened the way to regulating U.S. greenhouse gas emissions on Friday by declaring climate-warming pollution a danger to human health and welfare, in a sharp policy shift from the Bush administration.
IBTimes Logo

G8 farm ministers plot world food strategy

Farm ministers of the Group of Eight meeting in Italy this weekend aim to forge a strategy to secure food supplies and stabilize prices, as rich nations scramble for acreage abroad to feed their people.
IBTimes Logo

Text for U.N. racism meeting approved

Diplomats reached agreement on Friday on a declaration for next week's politically charged United Nations conference on racism, adding to the pressure on Washington and Brussels to decide whether to attend.
IBTimes Logo

Wall Street racks up sixth weekly climb

Stocks rose on Friday, capping the longest weekly winning streak since 2007, helped by a reassuring report on the mood of consumers and stabilization in General Electric and Citigroup's quarterly results.
IBTimes Logo

Cuba debate dominates as Americas leaders meet

Leaders from across the Americas gathered on Friday for a summit overshadowed by an intense debate over a possible reconciliation between the United States and Cuba and how this could be achieved.
IBTimes Logo

Bernanke says credit downturn to do lasting harm

Federal Reserve Chairman Ben Bernanke said on Friday that the U.S. recession had done lasting harm to household finances and that regulators must protect consumers from willfully confusing forms of credit.
IBTimes Logo

TARP panel to question Geithner

On Tuesday U.S. Treasury Secretary Timothy Geithner will be questioned over his handling of the program and how he plans his plans to remove problem assets from bank balance sheets.
IBTimes Logo

GM readies plans for bankruptcy it hopes to avoid

General Motors Corp Chief Executive Fritz Henderson said on Friday the automaker was readying detailed plans for a bankruptcy filing that now appears more likely even as it races to complete a business plan under federal oversight.
IBTimes Logo

GE profit drops on finance, NBC but tops forecasts

General Electric Co reported a better-than-expected quarterly profit as strength at its energy equipment business offset falling earnings at its hefty finance arm and the NBC Universal media affiliate.
IBTimes Logo

Pressure mounts on BofA's Lewis before annual meeting

Two influential investor advisory groups sharply rebuked Bank of America Corp Chief Executive Kenneth Lewis over his handling of the buyout of ailing Merrill Lynch & Co, recommending he be stripped of his role of chairman at the bank's upcoming annual meeting.
IBTimes Logo

Economic and profit hopes lift stocks

Stocks rose on Friday as an upbeat consumer survey fueled hopes that the U.S. economic slump may be moderating and investors bet on strong results ahead following reassuring reports from General Electric and Citigroup .

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.