UNITED STATES

Yields edge lower on subprime and stocks concern

IBTimes Logo
Treasury bond yields edged lower in Europe on Wednesday after Bear Stearns told investors two of its hedge funds had very little value, and stocks were hit by weaker-than expected company earnings.
IBTimes Logo

Bernanke: Inflation main worry, housing a risk

Federal Reserve Chairman Ben Bernanke told Congress on Wednesday housing market woes could dampen an expected pickup in U.S. economic growth, but he restated that the central bank's main worry is inflation.
More news
IBTimes Logo

Food safety a big problem worldwide: WHO officials

China should not be singled out for particular concern over food safety, a big problem that rich and poor countries alike must tackle through better regulation, top World Health Organization (WHO) officials said on Tuesday.
IBTimes Logo

Basell to buy Lyondell for $12 billion

Chemical maker Basell said on Tuesday it would buy Lyondell Chemical Co. for about $12.14 billion, giving it access to Lyondell's commodity assets and refining capacity. Basell has been seeking acquisitions in the chemical sector and was last week trumped by Apollo Management's Hexion Specialty Chemicals in a bid for Huntsman Corp.
IBTimes Logo

Earnings Preview: Google

Google, Inc. is expected to post double-digit gains in profit and sales when it reports second-quarter results on Thursday as the company maintains a substantial lead in online search.
IBTimes Logo

Dow hits record amid subprime worries

The broader U.S. stock market fell on Monday on worries that troubles in the subprime mortgage market may spread, but optimism about earnings at multinational companies pushed the Dow to nearly 14,000. Energy stocks fell, led by ConocoPhillips, because of concern about dwindling profit margins for gasoline.
IBTimes Logo

China blames foreign media for food health scares

Foreign media have fuelled unfounded fears about Chinese products, the nation's top quality official has said, as China blocked a U.S. protein powder shipment while the two countries sparred over safety worries.
IBTimes Logo

Harry Potter rides to top of box office charts

Harry Potter and the Order of the Phoenix whisked its way to No. 1 at movie box offices with weekend ticket sales of $77.4 million and a five-day total of just over $140 million, according to studio estimates on Sunday.
IBTimes Logo

Vodafone denies planning $160 bln bid for Verizon

Wireless telecommunications company Vodafone Group Plc denied a report that it was considering a $160 billion bid for Verizon Communications Inc., a move that would consolidate ownership of their wireless joint venture.
IBTimes Logo

Dubai stock market owner to bid for OMX: report

The owner of Dubai stock exchange is preparing an offer for Nordic stock market group OMX, rivaling the proposed $3.7 billion merger between OMX and U.S. group Nasdaq, Telegraph.co.uk reported on Sunday.
IBTimes Logo

Asia shares ease

Asian shares mostly eased on Monday with South Korea retreating from record highs on fears the government may move to cool the market, while Brent crude was about $1 away from its highest level due to supply worries.
IBTimes Logo

RBS group offers more cash in $98 bln ABN bid

The takeover battle for ABN AMRO heated up on Monday with the Royal Bank of Scotland consortium boosting the cash element of its 71.1 billion-euro ($98 billion) offer. The offer is above a rival all-stock bid from Britain's Barclays that is worth about 64 billion euros, which has been recommended by ABN's board.
IBTimes Logo

Dollar falls broadly, hits new lows vs high yielders

The dollar weakened against major currencies on Monday, plumbing fresh multi-year depths against higher-yielding units as bearish sentiment toward the greenback and the outlook for U.S. interest rates gripped markets.
IBTimes Logo

Mattel posts higher quarterly profit

Mattel Inc., the largest U.S. toy maker, said on Monday second-quarter profit rose 15 percent, helped by strong sales of its Wheels toys and Barbie dolls abroad.
IBTimes Logo

European traders brace for man vs machines war

European stockbrokers may find it hard to escape unscathed as sweeping regulatory changes lead to a boom in the use of high-tech systems designed to remove the human element from trading and radically reshape markets.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.