UNITED STATES

S&P, Dow futures pare losses after data

IBTimes Logo
S&P 500 and Dow futures pared losses on Wednesday after a better-than-expected report on manufacturing activity in New York State, while CPI data showed a downturn in prices.

Obama open to discussion about CO2 rules

IBTimes Logo
U.S. President Barack Obama hopes to get a climate change bill on his desk this year and is open to discussing how stringent the rules of a carbon emissions trading system should be for industry, a top adviser said on Tuesday.
IBTimes Logo

Consumer prices fall unexpectedly

U.S. consumer prices fell unexpectedly in March and recorded their first annual drop since 1955, government data showed on Wednesday, as slumping demand pushed down energy and food costs.
More news
IBTimes Logo

Intel says PC market hit bottom but shares slide

Intel Corp beat quarterly expectations and declared the worst was over for a battered tech sector, but its shares slid 5 percent after it said economic uncertainty ruled out a clear revenue forecast.
IBTimes Logo

Stock futures herald mixed open

Stock index futures pointed to a mixed open on Wall Street as investors remained cautious ahead of the release of U.S. CPI and housing data.
IBTimes Logo

UBS, data push stocks lower

World stocks fell on Wednesday, stepping back from the previous session's three-month high, and the low-yielding yen firmed as news of job cuts at Swiss bank UBS and weak U.S. and Chinese data fanned economic concerns. UBS warned of a first-quarter loss of nearly 2 billion Swiss francs and said it would cut a further 8,700 jobs, weighing on other banking shares.
IBTimes Logo

Fiat could abandon Chrysler due to unions: report

Fiat's chief executive said he was ready to abandon plans to form a partnership with Chrysler LLC if the U.S. car maker's unions refused to accept substantial cost cuts, according to a newspaper.
IBTimes Logo

Calpers eyeing Citi's TARP-related assets: report

Calpers, the biggest U.S. public pension fund, is seeking opportunities to buy assets of Citigroup and others tied to a $700 billion Troubled Asset Relief Program in the United States, Bloomberg reported.
IBTimes Logo

Asia stocks retreat, China hopes limit drop

Asian stocks pulled back from six-month highs on Wednesday but held up after the drop on Wall Street overnight, with hopes for more Chinese stimulus spending helping offset reports of weak first-quarter growth.
IBTimes Logo

US Rep asks if AIG used bailout fund for PR

U.S. representative Ed Towns of New York has contacted insurance giant American International Group to express concern about bailout funds being used to fight back against critics of the firm.
IBTimes Logo

Yahoo to cut hundreds of jobs: report

Yahoo Inc is preparing to lay off several hundred workers in the first round of cuts since Carol Bartz became chief executive in January, the New York Times reported on Tuesday.
IBTimes Logo

U.S. hints it might attend racism meeting in Geneva

The United States on Tuesday held out the chance of attending a U.N. conference on racism in Geneva next week but said the final text must remove what Washington views as restrictions on freedom of speech.
IBTimes Logo

TIMELINE: Rocky path of North Korea nuclear deal

North Korea said on Tuesday it would quit international nuclear disarmament talks and restart a plant that makes bomb-grade plutonium after the United Nations chastised it for launching a long-range rocket.
IBTimes Logo

North Korea orders U.N. inspectors out

North Korea ordered U.N. inspectors to leave on Tuesday after saying it would quit international nuclear disarmament talks and restart a plant that makes bomb-grade plutonium, the United Nations said.
IBTimes Logo

Blend of ethanol in gasoline may increase

The President of the Renewable Fuels Association, Bob Dinneen said on Tuesday that eventually, the U.S. government will allow higher levels of ethanol to be blended into gasoline.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.