UNITED STATES

Dow Jones premium price likely a one-time deal

IBTimes Logo
News Corp.'s $5 billion bid for Dow Jones & Co. Inc. may have fueled a modest rally among newspaper stocks but it's unlikely to spark similar deals or push publishing sector takeover values higher, analysts say.
IBTimes Logo

Yen, Swiss franc suffer as high-yielders gain

The dollar gained against the Swiss franc on Thursday and approached a four-and-a-half-year high against the yen as investors continued to punish low-yielding currencies in a quest for higher returns.
More news
IBTimes Logo

Sony promises more games to boost PS3 demand

Sony Corp. expects at least 380 new PlayStation 3 games to hit the market this business year and says that should rev up demand for the console that has so far lost out to Nintendo's wildly popular Wii.
IBTimes Logo

Blackstone IPO draws high non-U.S. demand: report

Private equity firm Blackstone Group's initial public offering was about seven times subscribed, boosted by demand from Asia, the Middle East and Europe, the Financial Times reported on Thursday.
IBTimes Logo

ICE warns CBOT members on rival bid

IntercontinentalExchange Inc. on Thursday urged CBOT Holdings Inc. shareholders and members to reject the proposed sale of the company to Chicago Mercantile Exchange Holdings Inc.
IBTimes Logo

Bond prices mixed after jobless claims data

U.S. government debt prices were mixed on Thursday after data suggesting less tightness in the labor market offset downward pressure from worries over rising global interest rates.
IBTimes Logo

H&R Block posts loss on subprime woes

H&R Block Inc., the largest U.S. tax preparer, on Thursday posted a fourth-quarter loss on the depressed value of a mortgage unit slammed by deterioration in the U.S. subprime market.
IBTimes Logo

Simple lifecycle funds give pensions a headache

Lifecycle funds have become hugely popular with investors due to their simplicity but as more funds are launched, picking the right one is increasingly becoming a complex task for retirement plans.
IBTimes Logo

Best Buy aims to step up expansion in China

Top U.S. consumer electronics retail chain Best Buy Co. Inc. is speeding up its expansion in China, banking on robust demand in a fast-growing market that it entered just one year ago.
IBTimes Logo

U.S. groups present divided view of South Korea pact

U.S. businesses painted dramatically different portraits of a new trade deal with South Korea on Wednesday, some touting lucrative sales opportunities and others charging the Bush administration had brought home an abominable deal for U.S. workers.
IBTimes Logo

British censor bans first video game in 10 years

British censors on Tuesday banned a video game for the first time in 10 years, rejecting U.S.-published 'Manhunt 2' for what they described as an unrelenting focus on sadism and brutal slaying.
IBTimes Logo

Sterling rises on rate outlook, yen slips

Sterling rose on Wednesday, boosted by Bank of England meeting minutes that reflected a surprising bias for higher interest rates, while the euro and dollar climbed for the fifth day in six against the low-yielding yen.
IBTimes Logo

Oil slumps $1 after U.S. stockpiles surprise

Oil fell more than $1 a barrel on Wednesday after a U.S. government report showed larger-than-expected increases in crude and gasoline stockpiles in the world's top consumer.
IBTimes Logo

FedEx 4Q Profit Rises, Misses Estimates

Package delivery company FedEx Corp. on Wednesday reported a profit that missed analysts' forecast and said earnings growth would fall short of expectations due to continued softness in the U.S. economy.
IBTimes Logo

World stocks rally on hunt for risk, yen soft

World stocks flirted with record highs on Wednesday and the yen remained under pressure as receding expectations for rising interest rates encouraged investors to chase higher-yielding assets.
IBTimes Logo

Nintendo closes in on Sony in market value

Nintendo Co. Ltd. shot past Panasonic maker Matsushita in market value on Wednesday and closed in on Sony Corp. as investors watched it unseat Sony as unrivalled king of the game industry.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.