UNITED STATES

IBTimes Logo

Dept. of Energy unveils U.S. map of energy efficiency funding

The U.S. Department of Energy has unveiled a new feature in a form of a map that allows people to study the amount of money for which each state and city in the country are eligible to use under the Energy efficiency and conservation block grant program.

Obama on Car Industry: Must Not Let It Vanish

IBTimes Logo
President Barack Obama said on Monday said the U.S. cannot let its auto industry vanish, but didn’t rule out pain ahead for creditors, unions and other group affiliated with General Motors Corp, and Chrysler.
IBTimes Logo

Israel's Netanyahu pledges to seek Middle East peace

Incoming Prime Minister Benjamin Netanyahu pledged on Monday to make every effort to achieve peace with Israel's neighbors and the Arab world, but again made no mention of Palestinian aspirations to statehood.
More news
IBTimes Logo

U.S.: We’ll Stand with GM Until Fresh Start

The Obama Administration says it will work with General Motors Inc to see the automaker eventually get a fresh start, promising more aggressive attempts to improve the business and leaving the door open for bankruptcy.
IBTimes Logo

G20 to agree not to hurt others with devaluations

Leading and emerging nations will commit this week to pursuing responsible economic policies that do not hurt each other's prospects with protectionism or currency devaluations, according to a draft G20 statement.
IBTimes Logo

Wall Street sinks on automaker, bank fears

Stocks fell sharply on Monday as the Obama administration raised the specter of bankruptcy for U.S. automakers General Motors and Chrysler and Spain had to rescue regional savings bank CCM.
IBTimes Logo

Automakers cliff hanger, bank woes slam futures

U.S. stock index futures pointed to a sharply lower open on Monday as the Obama administration threatened bankruptcy for two major U.S. automakers and Spain had to rescue regional savings bank CCM.
IBTimes Logo

Regulators see new role for Fannie, Freddie: report

The regulator of U.S. government-controlled Fannie Mae and Freddie Mac is looking at ways the two firms might help finance small mortgage banks hobbled by a dearth of credit, the Wall Street Journal reported.
IBTimes Logo

GM, Peugeot CEOs forced out as auto woes deepen

The Obama administration seized the wheel of the failing U.S. auto industry on Monday, forcing out General Motors Corp's CEO, pushing Chrysler LLC toward a merger and threatening bankruptcy for both.
IBTimes Logo

Obama: I told bankers bonuses not acceptable

President Barack Obama said on Sunday he told the chiefs of the biggest U.S. banks that bonuses are not acceptable while many Americans struggle to meet basic expenses in the midst of a severe recession.
IBTimes Logo

GM CEO forced out as U.S. to give automakers more time

General Motors Corp, whose chief executive was forced out by the Obama administration on Sunday, and Chrysler LLC will each be given capital and time to accelerate their attempts to restructure and survive, according to a government aid plan set for release on Monday.
IBTimes Logo

World leaders urge crisis reform; U.S. cautious

Center-left world leaders including Britain's Gordon Brown and Brazil's Luiz Inacio Lula da Silva on Saturday called for global financial reforms at next week's G20 summit, but the U.S. warned against over-regulation.
IBTimes Logo

Emerging from U.S. bankruptcy gets even tougher

Bankrupt U.S. companies lucky enough to survive a court restructuring are hitting another roadblock created by the economic downturn -- finding the money they need to put it all behind them.
IBTimes Logo

President meets banking CEOs, urges restraint

The President’s meeting with the top U.S. bankers on Friday was a non-confrontational gathering, which nevertheless saw the nation’s chief executive tell the industry leaders that it was necessary to show restraint while continuing to help the nation by continuing to lend, according to several reports.
IBTimes Logo

Calpers seeks greater control over hedge funds

Calpers, the biggest U.S. public pension fund, said on Friday it would restructure its relationships with hedge fund managers to better control its assets and urged them to base their fees on long-term instead of short-term performance.
IBTimes Logo

Regulator blessed backdating at OTS: official

An independent investigating arm of the Treasury Department found a handful of cases in which a bank regulator ignored questionable backdating of capital injections, an official said on Friday.
IBTimes Logo

Bank stress tests could broadly hurt corporate debt

Optimism that the latest U.S. tarnished asset cleanup plan will refloat foundering banks may soon fade, triggering a renewed surge of risk aversion and selling of both financial firms' and industrial companies' corporate bonds, analysts said.
IBTimes Logo

G20 'Grand Bargain' looks distant prospect

He promised a grand bargain but British Prime Minister Gordon Brown's hopes of an overarching deal to pull the world out of recession look doomed even before the G20 crisis summit has started.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.