UNITED STATES

IBTimes Logo

Gold Hits New Record Above $900, Dollar Falls

Gold futures rose to a new record on Monday, closing above $900 an ounce for the first time following a dip in the dollar, which increased demand for the precious metal as an investment alternative.

Gold hits record above $910

IBTimes Logo
Gold surged to a historic high above $910 an ounce, as investors rushed to buy the metal on further weakness in the dollar and expectations of a sharp cut in U.S. interest rates.
IBTimes Logo

U.S. Stocks Jump on Strong IBM Results

U.S. stocks rallied on Monday after IBM Corp. reported better-than-estimated preliminary fourth quarter earnings, boosting technology shares and pushing the Dow Jones Industrial Average to a gain of more than 100 points. Shares of IBM, the world's biggest computer-services provider, rose the most in five years.
More news
IBTimes Logo

Food Products from Clones Seem Safe: EU

Food products from cloned animals such as milk and meat were qualified safe to eat by the European Food Safety Authority, a move which could bring those controversial products closer to the market.
IBTimes Logo

One Laptop Per Child Project to Hit U.S. Schools

The One Laptop Per Child Project (OLPC) will broaden the distribution of its low-cost laptops, originally made for children in developing nations, to destitute students in the United States.
IBTimes Logo

Golden Globes is Picket Free

Hollywood striking writers said Friday they will not picket the Golden Globe Awards after the organizers of the event announced it will take control from TV network NBC and will instead, have the live event broadcast to all media.
IBTimes Logo

Oil Falls Below $93 on Economic Recession outlook

Oil prices declined for the third consecutive day on Friday on fear and speculation that the U.S. – the top oil consumer- is heading towards an economic recession, thereby weakening demand for the commodity.
IBTimes Logo

UPS to increase freight rate

UPS Inc. announced on Friday that it will increase the general rate of about 5.4 percent on non-contractual shipments in the U.S. and Canada.
IBTimes Logo

Tata Motors unveils world's cheapest car Nano

Amid a great deal of hype and fanfare, Tata Motors, frontrunners in the acquisition race for Ford Motor's British luxury brands Jaguar and Land Rover, unveiled its People's Car rechristened Nano, that meets Euro 4 emission and safety norms in the India Auto Expo 2008, New Delhi, Thursday, Jan. 10.
IBTimes Logo

Slim Apple laptop expected at Macworld

As the annual Consumer Electronics Show in Las Vegas winds down to lackluster reviews, Apple is expected to grab the spotlight with an ultra-slim laptop computer and online movie rentals at its biggest annual show next week.
IBTimes Logo

Bank of America in Talks to Buy Countrywide: Reports

Shares of Countrywide Financial shot up more than 50 percent on Thursday after a report that Bank of America may buy the troubled leading U.S. mortgage lender. The reported pending talks, come amid rumors earlier this week that Countrywide needed cash to avoid bankruptcy, speculation that the company denied.
IBTimes Logo

U.S. Stocks Rise on Fed Talk, Countrywide Deal Report

U.S. stocks rose for a second day on Thursday after Federal Reserve Chairman Ben Bernanke pledged to further cut interest rates and on news that Bank of America is reported to buy struggling mortgage lender Countrywide Financial Corp.
IBTimes Logo

Bernanke: Fed Ready for Interest Rate Cuts

Federal Reserve Chairman Ben Bernanke pledged Thursday to cut interest rates this month in a bid to prevent housing and credit problems from plunging the nation's economy into a recession. We stand ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks, Bernanke said
IBTimes Logo

Retail December Sales Growth Slowest in 5 years

Retailers reported weaker than expected December sales results on Thursday, reflecting a 2007 holiday shopping season that is turning out to be one of the weakest in years due to a weakening job market and the ongoing housing slump.
IBTimes Logo

Gold higher on dollar slide

Gold gained in choppy European trade on Thursday as a weaker dollar and bargain hunting lifted the metal closer to record highs.
IBTimes Logo

Citigroup, Merrill in Talks for Foreign Capital: Report

Citigroup, Inc. and Merrill Lynch & Co., U.S. banks which have seen heavy losses due to bad bets on the mortgage market, are in discussions to get up to $10 billion and $4 billion in capital respectively primarily from foreign governments, according to a report on Wednesday.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.