UNITED STATES

Boeing sees China as No.2 mkt for 20 yrs

IBTimes Logo
Boeing Co said on Tuesday China will remain its top market outside the United States for the next 20 years, as it vies with arch rival Airbus to supply the country's booming airline industry.

Ford Sales Fizzle in August

IBTimes Logo
Ford Motor Co. on Tuesday reported an overall 14 percent sales decline in August, hurt by a decline in showroom sales, but set a higher production target for the fourth quarter. Excluding Ford's European luxury brands and heavy-duty trucks, Ford's sales fell 15 percent in August.
IBTimes Logo

Novastar to slash lending, jobs to save cash

NovaStar Financial Inc said on Tuesday that it would eliminate 275 jobs and slash direct mortgage lending to preserve cash after it was forced to cancel a $101.2 million rights offering, and its shares fell 14 percent.
More news
IBTimes Logo

Franklin Templeton buys into Dubai asset manager

Franklin Templeton Investments, which manages $621 billion in assets, has bought 25 percent of Dubai's Algebra Capital Ltd and wants to grow its business in Arab markets, it said on Tuesday.
IBTimes Logo

Firms, banks begin to shed subprime caution

Companies showed signs of shrugging off the caution that has enveloped the world economy since a credit crisis broke, as investors looked on Tuesday to U.S. data to gauge the likelihood of a Federal Reserve rate cut.
IBTimes Logo

Nikkei falls before U.S. data, Fast Retailing down

The Nikkei average lost 0.6 percent on Tuesday on caution ahead of a wave of U.S. economic data, while clothing company Fast Retailing Co Ltd extended its slide after announcing further acquisition plans.
IBTimes Logo

Softer stocks reignite risk aversion, boost yen

The yen strengthened on Tuesday as softer equity markets ahead of a flurry of U.S. data signaled a return to risk aversion for nervous markets, leading investors to unwind carry trade positions.
IBTimes Logo

Climate change lifts APEC temperature

Usually derided as teetering on the tip of irrelevance, this year's Asia-Pacific leaders' summit in Sydney hopes to rise above its reputation for glacial action and have a real impact on the course of climate change. Leaders gathered for the meeting hope to build on June's G8 summit, in which nations agreed to consider a 50 percent cut in emissions by 2050 and build momentum ahead of a U.N. climate change meeting later this month.
IBTimes Logo

The Simpler Life

TVs usually dominate Europe's largest consumer electronics show but many gadgets in Berlin this week aim to make life simple and more beautiful too.
IBTimes Logo

Division over next-generation DVDs deepening

Hollywood studios are becoming deeply divided over which high-definition technology will replace the DVD, increasing prospects that it will be years before next-generation players become standard equipment in U.S. households.
IBTimes Logo

APEC set for world trade, climate change talks

President George W. Bush hopes to spur momentum for a world trade pact and a global target on climate change at this week's APEC summit in Sydney, but host Australia has warned not to expect binding greenhouse targets. The Asia Pacific Economic Co-operation (APEC) summit will draw 21 leaders including Bush.
IBTimes Logo

Holidaying U.S. leaves investors ticking over

World stocks made small gains and currency markets traded in a narrow range on Monday as many investors avoided taking strong positions during the U.S. Labor Day holiday with its accompanying lack of key economic news.
IBTimes Logo

China, EU reassure on subprime fallout

China said on Monday none of its massive foreign exchange stockpile was invested in the teetering U.S. subprime mortgage sector, while a top EU official predicted the crisis would not choke off economic recovery.
IBTimes Logo

U.S. oil companies monitor Felix, output unharmed

U.S. Gulf of Mexico oil and natural gas producers were monitoring powerful Hurricane Felix as it churned through the Caribbean Sea on Sunday, but none had reported reduced offshore production or evacuated workers to onshore locations.
IBTimes Logo

Student loan auction proposal stirs opposition

A proposal to test a radical change in the U.S. student loan industry by putting it on the auction block is set to pit Democratic lawmakers against the Bush administration and the banking industry.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.