UNITED STATES

IBTimes Logo

Financial crisis to dominate Obama, Brown talks

British Prime Minister Gordon Brown will press President Barack Obama for details on his plans to fix the ailing U.S. financial sector in talks on Tuesday that will focus on the global economic crisis.

Clinton pledges to press for Palestinian state

IBTimes Logo
U.S. Secretary of State Hillary Clinton pledged on Tuesday to press hard for Palestinian statehood, putting Washington on a possible collision course with Israeli Prime Minister-designate Benjamin Netanyahu.
More news
IBTimes Logo

GE reputation tarnished, CEO Immelt acknowledges

General Electric Co CEO Jeffrey Immelt acknowledged on Tuesday the company's reputation had been tarnished and said the entire finance industry would need to be rethought due to the global economic meltdown.
IBTimes Logo

Wall St. set for higher open as Geithner awaited

Stocks headed for a higher open on Tuesday as investors bet U.S. Treasury Secretary Timothy Geithner would shed light on plans to shore up the financial system a day after Wall Street hit a 12-year low.
IBTimes Logo

Oil rises above $41, economic weakness weighs

Oil rose by more than $1 on Tuesday after slumping 10 percent slump in the previous session, but showed little sign of a strong recovery as falling crude demand overshadowed OPEC's production cuts.
IBTimes Logo

Obama sees $40 billion savings in spending reforms

President Barack Obama on Wednesday will order a crackdown on waste and cost overruns in U.S. government procurement that he estimates will save up to $40 billion a year, an administration official said.
IBTimes Logo

Obama sees economic hope as aides promote budget

U.S. President Barack Obama expressed confidence on Tuesday his economic reforms would work as senior officials began lobbying Congress to support the administration's jaw-dropping budget proposal.
IBTimes Logo

Stock futures point to bounce as Geithner awaited

Stock index futures pointed to a higher open on Tuesday as investors bet U.S. Treasury Secretary Timothy Geithner would shed light on plans to shore up the financial system a day after Wall Street slid to a 12-year low.
IBTimes Logo

Oil rises above $40, economic weakness weighs

Oil rose above $40 a barrel on Tuesday after a 10 percent slump on Monday but showed no sign of a return to last week's bull run as global equities extended a fall on worries about the global economy and outweighed OPEC's strong compliance with supply curbs.
IBTimes Logo

Blackstone CEO takes 99 percent pay cut

Blackstone Group LP Co-founder and Chief Executive Stephen Schwarzman's pay fell 99 percent in 2008, a year that saw the private-equity firm post a $1.33 billion loss.
IBTimes Logo

Downturn to be considerably deeper than IMF forecast: OECD

The global economic downturn will be considerably deeper than even the International Monetary Fund forecast a month ago, the Organization for Economic Co-operation and Development's chief economist Klaus Schmidt-Hebbel told Reuters.
IBTimes Logo

Citigroup eyeing third-party joint ventures: report

Citigroup Inc is hoping to create joint ventures with third parties as a way of shedding businesses it does not want, the New York Post reported on Tuesday, citing high-level insiders at the New York bank.
IBTimes Logo

Downturn to be deeper even than IMF forecast: OECD

The global economic downturn will be considerably deeper than even the International Monetary Fund forecast a month ago, the Organization for Economic Co-operation and Development's chief economist Klaus Schmidt-Hebbel told Reuters.
IBTimes Logo

Foreign tax havens targeted in U.S. bills

Offshore tax havens used by rich Americans in Switzerland, the Cayman Islands and other nations are targeted for shutdown by bills offered on Monday by Democrats in both chambers of the Congress.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.