UNITED STATES

Pointing the Finger

IBTimes Logo
A turn for the worse this week in the subprime home loan meltdown has pundits and investors playing the blame game.

Mini Power Plants

IBTimes Logo
Florida has plenty of sunshine to power rooftop solar panels but utilities say they won't be cost effective.
More news
IBTimes Logo

First 9/11 damages trials to begin in Sept: judge

September 11 victims who sued airlines and their security contractors will have their cases heard for the first time almost six years after the hijacked plane attacks on the United States, a federal judge has ruled.
IBTimes Logo

China tells food companies to put safety first

China, reeling from a series of health scandals, on Friday told food and drug companies to put safety first and urged the media to paint a rosier picture as the government scrambled to quell public alarm.
IBTimes Logo

Oil surges to new 11-month high above $77

Oil climbed to a new 11-month high above $77 a barrel on Friday after the International Energy Agency added to global supply concerns with forecasts of no let-up in fuel demand next year despite near-record prices.
IBTimes Logo

Retail slump in June hints at tired U.S. consumer

U.S. retail sales posted their biggest monthly decline in nearly two years during June, according to government data issued on Friday, indicating the housing market slump and soaring gasoline prices are depressing consumer spending.
IBTimes Logo

Britain's Brown denies shift away from U.S.

British Prime Minister Gordon Brown denied on Friday a shift in foreign policy away from the United States after one of his ministers told an audience there that a country's strength depended on alliances not military might.
IBTimes Logo

Google's Brin does not see Facebook up for sale

Google Inc. co-founder Sergey Brin said on Thursday his company would be happy to talk with Facebook about potential ties, but that the social network did not appear to be courting takeover bids.
IBTimes Logo

Rio's Alcan deal spotlights alumina, bauxite

Rio Tinto Ltd.'s $38.1 billion takeover of Alcan Inc. is set to reap benefits from not just China's appetite for aluminum, but also the bauxite and alumina needed to make it, analysts said on Friday.
IBTimes Logo

United Group buys Unnico for $477 million

Australian engineering services firm United Group Ltd. said Wednesday it had acquired US-based UNICCO Service Company (UNICCO) for $477 million (US$411 million) in a cash and stock deal.
IBTimes Logo

Sony to offer slimmer PSP to take on DS

Sony Corp. will launch a slimmer model of its PlayStation Portable handheld game player in September, in its latest attempt to ignite demand for its game hardware and compete better with Nintendo Co. Ltd.
IBTimes Logo

Bush says no shift on Iraq until September

President George W. Bush admitted on Thursday his troop buildup in Iraq had made limited progress but said he would wait for a September security report before considering a change of course.
IBTimes Logo

Oil sets 11-month highs above $76

Oil hit new 11-month highs above $76 a barrel on Thursday, propelled by strong fundamentals and increased flows of fund money into the world's most actively traded commodity.
IBTimes Logo

Stocks surge as retail sales offset oil rise

Stocks rallied on Thursday and drove the Dow to a record high after Wal-Mart reported better sales, allowing investors to put aside worries over costlier oil and cheaper housing.
IBTimes Logo

Marriott earnings rise but shares fall on outlook

Marriott International Inc., the top U.S. hotel operator, said on Thursday that second-quarter profit rose a better-than-expected 11 percent, but concerns about slowing growth in North America led to a decline in its shares.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.