UNITED STATES

IBTimes Logo

Jobless claims fell by 6,000 last week

New claims for U.S. jobless aid fell by a slightly more-than-expected 6,000 last week, Labor Department data showed on Thursday, and remained at levels suggesting a stable jobs market.

Housing sector hurting but economy to survive

IBTimes Logo
A slowing U.S. housing market may not indicate that the broader national economy is sickly.Despite months of glum news about slow housing sales and faltering new construction, many economists
More news
IBTimes Logo

GM says Renault-Nissan talks may go on

General Motors Corp. Chief Executive Rick Wagoner said he was open to an alliance with Renault-Nissan and made clear that talks could be extended beyond a mid-October deadline set by the carmakers.
IBTimes Logo

FTSE 100 opens up led by oil and mining

The FTSE opened higher on Thursday, supported by mining and oil stocks, as traders reacted positively to renewed U.S. confidence following a near record breaking high on Wall Street on Wednesday.
IBTimes Logo

Accenture to ditch NHS project

Accenture Ltd., one of the world's largest consulting firms, is poised to pull out of a major computer system project for the NHS as early as Thursday
IBTimes Logo

Newmont sees lower gold sales ahead

Newmont Mining Corp said its gold sales would drop this year and next but would recover in 2008 and 2009 when projects in the United States, Ghana and Australia reach full production.
IBTimes Logo

Home Loan Demand Falls Despite Rate Plunge

U.S. mortgage applications fell for the first time in four weeks even as interest rates dropped to a six-month low, an industry trade group said on Wednesday, offering more evidence the country's housing market slump is deepening.
IBTimes Logo

Durable Goods Orders Fall, Home Sales Rise

Sales of new U.S. homes unexpectedly rose in August but sales in July were weaker than first thought, while new orders for durable goods fell, according to government reports on Wednesday giving mixed indications about the economy's direction.
IBTimes Logo

Durable goods orders fall 0.5 pct in August

New orders for U.S.-made durable goods fell unexpectedly in August and orders excluding transportation or defense goods also declined surprisingly, a government report showed on Wednesday.
IBTimes Logo

FTSE opens higher led by miners

The FTSE 100 index opened higher on Wednesday, led by miners and after an unexpectedly big jump in consumer confidence in the U.S. on Tuesday
IBTimes Logo

HK still preferred base for global companies

Hong Kong continues to be the preferred base for international companies to oversee their regional operations, a Census & Statistics Department survey suggests. The number of regional operations and local offices in Hong Kong operated by overseas and Mainland companies reached its highest-ever level this year, topping 6,350.
IBTimes Logo

Richard Li pave way for selling PCCW

Hong Kong tycoon Richard Li took another step to promote the sale of his controled-shareholder interest in the fixed-line phone operator PCCW......
IBTimes Logo

Americans Puzzled By Food Labels

Most Americans read food labels to help them decide what to buy but few people actually understand what they're reading or consuming, according to two U.S. studies published on Tuesday.
IBTimes Logo

Personal Income Growth Down to 1.7 Pct. in 2Q

The US Bureau of Economic Analysis released on Tuesday personal income data for the second quarter of 2006 which showed that personal income growth slowed to 1.7 percent following two quarters of 2.2 percent growth.
IBTimes Logo

Oil Prices are Slightly Higher

Oil prices were slightly higher Tuesday after a rally the day before lifted crude futures by almost $1 a barrel on worries that the recent drop in prices could prompt OPEC to cut production.
IBTimes Logo

Slowing Housing May Cut Into Wall St. Bond Bonanza

Fixed income is likely to be less of an engine for profit growth for Wall Street firms as the United States housing market growth shows signs of slowing after two years of Federal Reserve interest rate hikes.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.