UNITED STATES

IBTimes Logo

U.S. economic worries hit stocks

Concerns about the U.S. economy prompted investor caution on Tuesday, cutting into what had been a recovery in stocks and boosting the yen.

Medco to buy PolyMedica for $1.2 billion

IBTimes Logo
Pharmacy-benefits manager Medco Health Solutions Inc. said on Tuesday it agreed to buy PolyMedica Corp. for $1.2 billion, in a move to expand its diabetes care services.
More news
IBTimes Logo

U..S. orders emergency checks on newer Boeing 737s

U.S. aviation authorities have ordered emergency inspections of newer model Boeing Co. 737 jetliners in response to last week's explosion and fire that destroyed a China Airlines plane in Japan, officials said on Monday.
IBTimes Logo

Acer to buy Gateway, becoming 3rd largest PC maker

Taiwan's Acer announced on Monday that it has agreed to acquire U.S.-based Gateway for $710 million, zooming past China's Lenovo to become the world's third largest computer maker behind U.S. makers Hewlett-Packard and Dell.
IBTimes Logo

Oil rises on U.S. refinery problems

Oil prices rose on Monday as refinery outages in the United States stoked supply concerns again as the end of the summer driving season neared.
IBTimes Logo

Dunkin' Donuts to cut trans fat from menu

Restaurant company Dunkin' Brands Inc. said on Monday that all menu offerings in its Dunkin' Donuts restaurants will have zero grams of artery clogging trans fat by October 15 this year.
IBTimes Logo

Adelson bets on Macau for world's biggest casino

The world's biggest casino opens in Macau on Tuesday, the most ambitious throw of the dice yet in a $24 billion effort to build a Las Vegas-style neon alley in this once-sleazy Chinese gambling enclave.
IBTimes Logo

Housing, growth worries trip up Wall Street

U.S. stocks fell on Monday after data showed the number of unsold homes reached its highest level in more than 15 years in July, adding to concerns about the housing market and consumer spending. Bank shares fell on nagging credit worries after Goldman Sachs slashed its earnings forcast on Lehman Brothers, Bear Stearns and Morgan Stanley.
IBTimes Logo

Investor mood worsens on housing turmoil: UBS

Investor confidence in the economy deteriorated in August to its lowest level in a year, as the growing housing turmoil compounded worries over high energy prices, a survey showed on Monday.
IBTimes Logo

U.S. Home re-sales fall as inventories soar

The pace of sales of pre-owned homes fell slightly in July but the inventory of unsold properties soared to the highest level in over 15 years as troubles in the subprime mortgage market continued to wreak havoc on the housing sector. Home sales slid 0.2 percent in July to a seasonally adjusted 5.75 million unit annual rate, according to the National Association of Realtors.
IBTimes Logo

Countrywide shares drop amid lowered estimate

Shares of Countrywide Financial Corp dropped as much as 7 percent on Monday after analysts slashed earnings estimates for the largest U.S. mortgage lender and a report showed existing home sales fell.
IBTimes Logo

Sprint, Samsung bet on WiMax high-speed technology

Sprint Nextel Corp, which recently said it would spend up to $5 billion on a mobile high-speed wireless standard by 2010, said it had awarded the New York WiMax market to Samsung Electronics Co. Ltd.
IBTimes Logo

Some facts about Attorney General Gonzales

Attorney General Alberto Gonzales, whose tenure has been marked by controversy over civil liberties and the firings of prosecutors, has resigned, a senior U.S. official said on Monday. Following are some facts about Gonzales.
IBTimes Logo

Attorney General Gonzales resigns

Attorney General Alberto Gonzales resigned from office on Monday, ending a controversial tenure as chief law enforcement officer that blemished the administration of President George W. Bush.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.