UNITED STATES

Fed should not target asset bubbles, Yellen says

IBTimes Logo
Central banks should be ready to respond to events that could have systemic risks but should not try to 'prick' asset bubbles with tighter monetary policy, San Francisco Federal Reserve Bank President Janet Yellen said on Friday.
More news
IBTimes Logo

Text messengers to fight crime in Boston

Boston's police, facing an upsurge in murder and other violent crimes, have set up a system to allow witnesses to tip them off to crime by sending anonymous text messages.
IBTimes Logo

May consumer prices rise but core prices tame

Reports showing a moderate rise in a key U.S. inflation gauge and continued manufacturing gains helped fire investor optimism on Friday, despite signs consumers' spirits were dampened by higher gasoline prices.
IBTimes Logo

NYMEX explores sale of company: report

The New York Mercantile Exchange (NYMEX), the world's largest energy market, is exploring a sale for about $14.3 billion, a news agency reported on Friday, as exchanges worldwide hustle for the best merger partners.
IBTimes Logo

Futures point higher on Intel, CPI looms

U.S. stock futures pointed to a flat to slightly higher open on Friday, with technology shares likely to underpin gains after a broker upgrade of Intel Corp. , but investors were cautious ahead of key inflation data.
IBTimes Logo

Goldman and B. Stearn's Mortgage Woes

Goldman Sachs Group Inc. and Bear Stearns Cos. Inc. are learning that it's a tough time to be in the U.S. mortgage business. Both banks suffered from rising home buyer defaults in the latest quarter.
IBTimes Logo

Sun Micro eyes revenue rise in greater China

Sun Microsystems Inc. expects a double-digit rate of revenue growth in its greater China region in the next fiscal year as the computer networking firm rolls out new products, a senior executive said on Friday.
IBTimes Logo

Indexes climb with oil sector

U.S. stocks rose on Thursday as a gain of more than $1 a barrel in oil prices boosted shares of energy companies, including Exxon Mobil Corp., offsetting disappointment over profit reports from Bear Stearns and Goldman Sachs.
IBTimes Logo

Aviation industry braced for Paris slowdown signs

Planemakers are riding high on surging demand that has pushed orders well over $100 billion a year, but cracks are beginning to show and the sprawling Paris air show which opens on Monday could reveal a slowdown looms.
IBTimes Logo

Bear Stearns net drops on mortgage woes, charge

Investment bank Bear Stearns Cos. Inc., one of the nation's largest mortgage bond underwriters, said on Thursday quarterly earnings fell by a third as trouble in the mortgage market hurt bond trading revenue and it wrote down assets at a stock trading venture.
IBTimes Logo

Producer prices up on energy rise in May

Higher energy costs boosted producer prices 0.9 percent in May, but excluding volatile food and energy costs, prices paid at the factory gate were up a more moderate 0.2 percent, the Labor Department reported on Thursday.
IBTimes Logo

Colgate warns of fake toothpaste in U.S.

Colgate-Palmolive Co. on Thursday said counterfeit 'Colgate' toothpaste that may contain a toxic chemical had been found in discount stores in four U.S. states.
IBTimes Logo

Dollar at 4-1/2 yr high vs yen as yields hold firm

The dollar hit a 4-1/2-year peak against the yen on Thursday, extending gains after strong U.S. retail sales data the previous day reinforced expectations the Federal Reserve would not cut interest rates this year.
IBTimes Logo

Sanofi hit as U.S. panel rejects weight-loss drug

Sanofi-Aventis shares suffered their biggest fall since 2002 after a U.S. health panel advised against approving its weight-loss pill Acomplia over concerns it may be linked to thoughts of suicide.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.