The Obama administration has notified Congress of a possible sale to Turkey of advanced Patriot PAC-3 antimissile systems and related gear valued at up to $7.8 billion.
IBT Staff Reporter
Sep 11, 2009
U.S. lawmakers should not let climate change legislation delays hold up proposals to overhaul the nation's outdated electricity grid, a top energy regulator said Friday.
IBT Staff Reporter
Sep 11, 2009
U.S. refiners said operations were normal at refineries in Texas and Louisiana on Friday morning as they monitored a storm system in the western Gulf of Mexico that has a low chance of becoming a tropical cyclone.
IBT Staff Reporter
Sep 11, 2009
US TREASURIES powered through resistance today on a buy American which had both US debt and equities rising for this session. The catalyst for the jump in Treasuries was a greater demand at the $ 12 billion auction for US 30 year securities.
IBT Staff Reporter
Sep 10, 2009
U.S. copper futures closed down on Thursday, as prices extended a phase of consolidation below the $3.00 a lb level and fell under the weight of renewed concerns about near-term demand prospects, analysts said.
IBT Staff Reporter
Sep 10, 2009
Time Warner Inc, News Corp and a dozen other top media companies officially announced plans on Thursday to create a coalition to study new ways to measure television audiences.
IBT Staff Reporter
Sep 10, 2009
Oil prices rose on Thursday after a U.S. government report showed a surprise decline in stockpiles in the world's largest energy consumer, and OPEC said it would maintain official output curbs.
IBT Staff Reporter
Sep 10, 2009
U.S. copper futures lost more than 3 percent of their value Thursday morning as prices continued to correct further away from the psychological $3.00 a lb level amid a broader sell-off in the industrial metals complex.
IBT Staff Reporter
Sep 10, 2009
The U.S. commercial paper market expanded for a fourth straight week for the first time since December, adding to signs of an economic rebound as the global financial crisis continued to abate, Federal Reserve data showed on Thursday.
IBT Staff Reporter
Sep 10, 2009
U.S. emissions of carbon dioxide, the main greenhouse gas blamed for global warming, should fall 6 percent in 2009 as the recession curbs electricity demand, the government forecast on Wednesday.
IBT Staff Reporter
Sep 09, 2009
A U.S. bankruptcy judge ordered Semgroup, its creditors and suppliers to mediation on Wednesday in hopes of keeping the oil and gas services company on track to emerge from bankruptcy in November.
IBT Staff Reporter
Sep 09, 2009
The U.S. government should consider a trust for its stake in General Motors Co and Chrysler to ensure independent oversight and facilitate an exit strategy, a congressional watchdog found on Wednesday.
IBT Staff Reporter
Sep 09, 2009
A climate bill in the U.S. Senate would cost leading U.S. refinery Valero Energy Corp between $6 billion and $7 billion per year in its current form, the company's CEO said on Wednesday.
IBT Staff Reporter
Sep 09, 2009
If Congress creates a cap-and-trade system to control carbon emissions, futures and cash trading should be under U.S. regulation with no exceptions, the top U.S. futures regulator said on Wednesday.
IBT Staff Reporter
Sep 09, 2009
Swiss bank Julius Baer started moves to list its U.S. asset management arm Artio in New York, cashing in on higher equities markets to provide a timely boost for its acquisition war chest.
IBT Staff Reporter
Sep 09, 2009
The U.S. Federal Communications Commission needs to make improvements in several areas, including cyber security, as it prepares to deal with national emergencies, top officials said on Tuesday.
IBT Staff Reporter
Sep 08, 2009
Tepid demand for mortgage refinancing slowed the early repayment of most U.S. bonds backed by home loans in August, with the spring rush having run its course and unlikely to resume without new record low mortgage rates.
IBT Staff Reporter
Sep 08, 2009
Danish industrial enzymes producer Novozymes, which is pinning big hopes on producing enzymes for biofuels, said it expected U.S. bioethanol production to hold up well in the second half of this year.
IBT Staff Reporter
Sep 08, 2009
The dire economy appears to have made Americans less materialistic, with a poll showing most people would choose items from discount retailer Wal-Mart over luxury jeweller Tiffany's trademark blue boxes.
IBT Staff Reporter
Sep 07, 2009
Every Thursday night, Lonnie Bishop and Lisa Case have a dinner date. For $5 each, the couple dines on fancy hot dogs served from a food truck parked outside their favorite wine shop in Los Angeles.
IBT Staff Reporter
Sep 07, 2009
Banks in the United States need higher capital than they currently have, Alan Greenspan, former chairman of the Federal Reserve told a Mumbai conference via satellite on Monday.
IBT Staff Reporter
Sep 07, 2009
Shares in Asia rose on Monday after U.S. data showed a slowdown in layoffs, while Chinese shares extended gains on hopes that Beijing will pull out more policy tools as needed to support its volatile stock market.
IBT Staff Reporter
Sep 07, 2009