UNITED STATES

Asian stocks gain on China hopes; caution lingers

IBTimes Logo
Asian stocks extended gains on Thursday on hopes that a revival in China will support the weak global economy, while the euro fell on expectations the European Central Bank will cut rates to an all-time low later in the day.
IBTimes Logo

Oil steady above $45 after 9 percent jump

Oil hovered above $45 on Thursday, after surging nearly 9 percent overnight on government data showing a surprise drop in U.S. crude stocks, which could signal recovering demand in the world's top energy consumer.
More news
IBTimes Logo

Lahore attack grips Pakistan, police hunt gunmen

Pakistani investigators were following important leads to identify who was behind the attack on the Sri Lankan cricket team in Lahore, Foreign Minister Shah Mehmood Qureshi said on Wednesday.
IBTimes Logo

China hopes, oil's jump end Wall St 5-day rout

Stocks rallied on Wednesday, ending a five-day losing streak, as another Chinese stimulus package boosted commodity prices and encouraged investors to jump into energy and natural resource shares.
IBTimes Logo

Credit concerns pound GE shares in volatile trade

General Electric Co shares fell as much as 16 percent on Wednesday, touching their lowest point since 1991, as investors worried about a possible downgrade of GE's credit rating and how its finance arm would get through the recession.
IBTimes Logo

Ford launches major debt restructuring

Ford Motor Co detailed debt restructuring initiatives on Wednesday, including conversion of debt to equity and two cash tender offers, that could retire up to $10.4 billion of the automaker's debt.
IBTimes Logo

Biovail, Melnyk misled investors, OSC argues

TORONTO - Biovail Corp and its founder were so worried in 2003 that the drug company's quarterly results would not meet targets that they fabricated the effects of a fatal truck crash that destroyed a shipment of drugs, Canada's main securities regulator said on Wednesday.
IBTimes Logo

Fears push GE stock to 18-year low

General Electric Co shares fell as much as 16 percent on Wednesday, touching their lowest point since 1991, as anxiety over a possible downgrade for GE and its finance unit was compounded by an investor lawsuit over a recent dividend cut.
IBTimes Logo

CORRECTED: Fears push GE stock to 18-year low

BOSTON/CHICAGO - General Electric Co shares fell as much as 16 percent on Wednesday, touching their lowest point since 1991, as anxiety over a possible downgrade for GE and its finance unit was compounded by an investor lawsuit over a recent dividend cut.
IBTimes Logo

Microsoft says swings jobs axe without visa bias

Microsoft Corp will favor neither American nor foreign workers as it cuts thousands of jobs, the company said on Tuesday in response to a senator's call that the jobs of U.S. employees be preserved.
IBTimes Logo

Fears on finance unit push GE stock to 18-year low

General Electric Co shares fell as much as 16 percent on Wednesday, touching their lowest point since 1991, as anxiety over a possible downgrade for GE and its finance unit was compounded by two investor lawsuits over a recent dividend cut.
IBTimes Logo

Optimism on China counters gloom in U.S., Europe

A surge in Chinese manufacturing plus hopes for additional stimulus there injected a rare dose of optimism into the global economic picture on Wednesday, even though Europe's services sector fell to new lows and the United States suffered more job losses.
IBTimes Logo

Downgrade fears haunt GE, stock at 18-year low

General Electric Co's shares fell as much as 16 percent on Wednesday, touching their lowest point since 1991, as anxiety over a possible downgrade for the firm and its beleaguered finance unit was compounded by an investor lawsuit over a recent dividend cut.
IBTimes Logo

Oil surge and China hopes lift Wall St.

U.S. stocks rose on Wednesday, snapping a five-day sell-off as a jump in the price of oil and other commodities spurred energy and natural resource stocks.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.