UNITED STATES

IBTimes Logo

Abu Dhabi buys stake in AMD

Abu Dhabi's Mubadala Development Co said on Friday it had bought 8.1 percent of U.S.-based Advanced Micro Devices Inc, the second-largest maker of computer processors.

U.N. says new report must spur climate change action

IBTimes Logo
Governments must do more to fight global warming, spurred by a new U.N. scientific report and damage to nature that is already as frightening as science fiction, U.N. Secretary-General Ban Ki-moon said on Saturday.
IBTimes Logo

Could U.S. military gains in Iraq outlast Bush?

With an intensifying White House race drawing attention to his legacy, President George W. Bush could leave office without the baggage of complete failure in Iraq thanks to new U.S. military gains, some analysts say.
More news
IBTimes Logo

Starbucks heading to your nearest TV

Following Starbucks’ disclosure that customer traffic at its stores had declined for the first time ever – which sent its shares lower – the coffee giant announced plans on Friday to launch its first national television advertising campaign.
IBTimes Logo

Starbucks sales slowdown kills buzz on shares

Starbucks Corp shares fell nearly 7 percent on Friday to their lowest in more than 4 years, sparked by the coffee shop chain's admission that customer traffic slowed for the first quarter in its history.The seller of premium coffee, which coaxed U.S. consumers into drinking stronger, more expensive coffee, said U.S. traffic at its established locations fell 1 percent in the quarter as economic worries and 2 percent price rises spooked consumers.
IBTimes Logo

Pardus to pitch Delta merger to investors

Hedge fund Pardus Capital Management LP, lobbying for a merger between Delta Air Lines Inc and UAL Corp, plans to pitch its proposal to other investors on Friday, sources close to the situation told Reuters.
IBTimes Logo

Retailers hope shoppers are finally ready to spend

Let the holiday shopping madness begin ... please? That is the silent plea coming from U.S. retailers, which are gearing up for Black Friday, the chaotic and competitive day after Thanksgiving (November 22) when stores offer eye-popping, limited-time deals to kick off the holiday shopping season.
IBTimes Logo

Yen benefits as softer stocks hit risk appetite

The yen strengthened on Friday as jittery investors took cues from falling stock markets to continue a move out of relatively risky carry trades funded by cheap borrowing in the Japanese currency.
IBTimes Logo

Futures signal rebound heading to weekend

Stock index futures on Friday signaled a bounce-back after recent losses, while investor worries about weakening consumer spending and credit market losses could limit gains.
IBTimes Logo

Oil rises above $94 a barrel

Oil rose above $94 a barrel on Friday, rebounding from losses the previous session after a surprise build in weekly U.S. crude stocks.
IBTimes Logo

Sony PS3 weekly U.S. sales double after price cut

U.S. sales of Sony Corp's PlayStation 3 (PS3) more than doubled in the weeks following a price cut and the launch of a lower-priced version, the company said on Friday, in a sign of changing fortunes for the game console.
IBTimes Logo

Opium windfall fuels Afghan insurgents: U.N.

Profits from opium cultivation are fuelling the insurgency in Afghanistan, the United Nations said on Friday, in a new call on NATO to crack down on the country's burgeoning drugs trade.
IBTimes Logo

Subprime's paper trail proves to be an obstacle

As banks work to clean up some of the subprime mortgage mess, they are finding new obstacles in unraveling the massive paper trail used to pool individual loans into mortgage-backed securities.
IBTimes Logo

Vioxx plaintiffs can settle or lose lawyer: report

An unusual provision in Merck & Co Inc's settlement agreement concerning the painkiller Vioxx means many plaintiffs may have little choice but to accept the deal, the Wall Street Journal said Friday in its online edition.
IBTimes Logo

Iran wants Western apology after IAEA report

Iran called on its Western foes on Friday to apologize to the Islamic Republic after the release of a U.N. nuclear agency report which Tehran said showed it had been telling the truth about its atomic plans, according to state media.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.