UNITED STATES

More news
IBTimes Logo

China fund nears $4 billion deal with JC Flowers: FT

China Investment Corporation, the Chinese sovereign wealth fund, is in talks with U.S. private equity group JC Flowers to put about $4 billion into a new fund to invest in ailing financial firms, the Financial Times said.
IBTimes Logo

Recession to be longer than usual: UMich

The U.S. economy has entered a recession that will be more painful and drawn out than the usual downturn, the director of the Reuters/University of Michigan consumer sentiment survey said on Friday. Inflation pressures will linger despite the retrenchment in consumer spending, complicating the task of policy-makers, the University's Richard Curtin said in a report, citing data from industry group The Conference Board.
IBTimes Logo

G7 draft: Will act to secure stability, growth

The Group of Seven finance ministers and central bank governors gathering in Tokyo on Saturday will reaffirm their determination to ensure financial stability, according to a draft G7 statement obtained by Reuters. We will continue to watch developments closely and remain committed to taking necessary action, individually and collectively, in order to secure stability and growth in our economies, the draft read.
IBTimes Logo

Gold Edge Higher on BOE Rate Cut

Gold futures edged higher on Thursday, trading $912 an ounce, on speculation that central banks will mimic the U.S. by cut borrowing rates which boosted the appeal of the precious metal.
IBTimes Logo

Romney Steps Aside, Endorses McCain

Former Massachusetts governor Mitt Romney ended his campaign for the Republican presidential nomination on Thursday, endorsing rival Sen. John McCain, saying it was in the best interest of his party and the nation to do so.
IBTimes Logo

Euro slides after Trichet's growth comments

The euro declined to two-week lows versus the dollar on Thursday after European Central Bank President Jean-Claude Trichet said euro zone growth risks are to the downside, signaling lower interest rates this year.
IBTimes Logo

Fed wrestles with growth and inflation worries

Federal Reserve officials on Wednesday expressed concern about a possible U.S. recession but warned that the central bank cannot let down its guard when it comes to fighting inflation. Right now, we're concerned about growth, Richmond Federal Reserve Bank President Jeffrey Lacker said.
IBTimes Logo

Google to Fight Baidu for Chinese Internet Market

Google Inc may partner with another Chinese company in an effort to capture the Chinese market after two years of operation in the region with stiff competition from Baidu.com Inc which leads the market and provides free, unlicensed music downloads.
IBTimes Logo

NASA Might Delay Atlantis Shuttle Launch on Thursday

The launch of Atlantis shuttle to the international space station may be delayed again due to bad weather as a result of the tornadoes and thunderstorms that swept through the US on Tuesday evening and Wednesday morning.
IBTimes Logo

Stellar Year, but can Apple's iPhone Sustain Growth?

After being on the market for slightly over 200 days, Apple's iPhone managed to take second place in the U.S smartphone market behind Research in Motion's venerable Blackberry, and ahead of Motorola offerings, but some experts contend the growth may shot lived unless the firm's business model changes.
IBTimes Logo

Yen Rises versus euro, dollar

The yen rose against the dollar and euro on Wednesday after Asian stocks plunged amid worries about the U.S. economy.
IBTimes Logo

Cellphone recylcing up to 9.4 pct

The good news for the environment is that U.S. consumers who bought new mobile handsets in the fourth quarter of 2007 recycled their old phones at double the rate that they did in the third quarter.
IBTimes Logo

Gold Drops Sharply, Dollar Gains

Gold futures dropped sharply to end below $900 an ounce Tuesday, the lowest in more than a week, as a surge in the U.S. dollar lowered investment demand for the precious metal. Silver also declined.
IBTimes Logo

U.S. Stocks Tumble Most in 11 Months

U.S. stocks tumbled the most in almost a year on Tuesday after service industries contracted at the fastest pace since 2001, adding to mounting concern the economy is already in a recession.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.