The non-partisan U.S. Congressional Budget Office said on Wednesday the economic stimulus plan enacted in 2009 boosted U.S. employment by as much as 3.5 million people in the final quarter of last year. The report said the cost of the economic program enacted by the then Democratic-controlled Congress and signed into law
Samantha Nolan
Feb 25, 2011
Swiss employment rose further in the fourth quarter, spurred by new manufacturing jobs, and was set to increase more in 2011, a boon to consumer spending. Swiss non-farm payrolls rose 1.2 percent year-on-year to 4.085 million, the Federal Statistics
Samantha Nolan
Feb 25, 2011
Bank of America Corp. is no Fidelity Investments when it comes to retirement accounts, but it boosted retirement assets under management by nearly 10 percent last year and is gunning for more by guiding bank depositors to Merrill Lynch advisers and its new online brokerage channel.
IBT Staff Reporter
Feb 25, 2011
In the process of picking up the pieces of his own broken heart, Thomas Edwards stumbled upon a business helping others fix their love lives. After a college romance ended badly, Edwards' confidence tanked and his social life disappeared.
Samantha Nolan
Feb 25, 2011
Having lived with double-digit inflation since Ronald Reagan was in the White House, Venezuelans know a money-stretching trick or two the rest of the world could heed as soaring commodities push up prices.
IBT Staff Reporter
Feb 25, 2011
Health regulators want more data on Protalix Biotherapeutics Inc and Pfizer Inc's experimental drug for Gaucher disease before deciding whether to approve the therapy for patients with the rare genetic disorder.
IBT Staff Reporter
Feb 25, 2011
The economy grew more slowly in the fourth quarter than initially estimated as government spending shrank more sharply and consumer spending was less robust, a government report showed on Friday.
IBT Staff Reporter
Feb 25, 2011
Wall Street rebounded on Friday after a week-long sell-off as oil prices stabilized from recent highs.
IBT Staff Reporter
Feb 25, 2011
Consumer sentiment rose to its highest level in three years in February, helped by an improving view of the labor market recovery, a survey released on Friday showed.
IBT Staff Reporter
Feb 25, 2011
Germany's parliament will vote in mid-March on a motion opposing most of potential solutions to Europe's debt crisis, possibly tying Chancellor Angela Merkel's hands ahead of a summit aimed at agreeing a deal.
IBT Staff Reporter
Feb 25, 2011
British bank Lloyds took a 4 billion-pound ($6.5 billion) hit from bad debts in Ireland and margins will not improve this year, taking the shine off a return to profit for the part-nationalized lender.
IBT Staff Reporter
Feb 25, 2011
The economy grew slower than initially estimated in the fourth quarter as government spending contracted more sharply and consumer spending was less robust, a government report showed on Friday.
IBT Staff Reporter
Feb 25, 2011
Britain's economy suffered an even sharper slump than expected at the end of last year and would have shrunk slightly even without December's bad weather, official data showed on Friday.
IBT Staff Reporter
Feb 25, 2011
The world can weather a spike in oil prices, U.S. President Barack Obama said, as Saudi Arabia offered some respite to fears over Middle East oil supplies by indicating it can cover export cuts resulting from Libya's civil war.
IBT Staff Reporter
Feb 25, 2011
Part-nationalized British bank Lloyds swung back into profit last year after a recovery in its core UK retail banking operations absorbed a 4 billion-pound ($6.5 billion) hit on bad debts in Ireland.
IBT Staff Reporter
Feb 25, 2011
The world can weather a spike in oil prices, U.S. President Barack Obama said, as Saudi Arabia offered some respite to fears over Middle East oil supplies by indicating it can cover export cuts resulting from Libya's civil war.
IBT Staff Reporter
Feb 25, 2011
A U.S. regulator charged two financial firms and three individuals with violating federal securities fraud laws over an alleged portfolio pumping scheme to manipulate prices of several small U.S. stocks, generating more than $63 million of illegal proceeds.
IBT Staff Reporter
Feb 24, 2011
Bailed-out insurer American International Group Inc
earned $11.2 billion in the fourth quarter on asset sales, but charges to expand its reserves for old asbestos claims pushed its underlying operations into another loss.
IBT Staff Reporter
Feb 24, 2011
New claims for jobless aid fell last week, indicating labor market healing, but declines in new home sales and orders for a range of factory goods in January showed the recovery remains uneven.
IBT Staff Reporter
Feb 24, 2011
Bruised but not bowed, bulls staged a rebound on Thursday and helped stocks stabilize in a volatile session suggesting investors aren't ready to give up on the market's rally.
IBT Staff Reporter
Feb 24, 2011
A senior U.S. Federal Reserve official said on Thursday he thinks it is time to consider tapering off or scaling back a $600 billion bond-buying program because of an improved economic outlook.
IBT Staff Reporter
Feb 24, 2011
General Motors Co posted fourth-quarter results that topped Wall Street expectations, but its shares fell below their IPO price as investor concerns shifted to the pressure from rising oil prices and higher costs of launching and selling new cars.
IBT Staff Reporter
Feb 24, 2011
U.S. regulators' efforts to settle with banks over improper mortgage foreclosures are being hampered by infighting among the groups involved in the talks, and a settlement may take a while, according to sources familiar with the matter.
IBT Staff Reporter
Feb 24, 2011
Bruised but not bowed, bulls staged a rebound on Thursday and helped stocks stabilize in a volatile session suggesting investors aren't ready to give up on the market's rally.
IBT Staff Reporter
Feb 24, 2011
U.S. stocks fell for a third day on Thursday as U.S. crude oil prices hovered near $100 a barrel on violence in Libya.
IBT Staff Reporter
Feb 24, 2011
Mid-tier department store operator Kohl's Corp expects more sales gains this year, while discount retailer Target Corp said fewer shoppers are defaulting on their credit card debt -- signs that consumers' finances are getting better, slowly.
IBT Staff Reporter
Feb 24, 2011
General Motors Co posted fourth-quarter results that topped Wall Street expectations, but its shares fell below their IPO price as investor concerns shifted to the pressure from rising oil prices and higher costs of launching and selling new cars.
IBT Staff Reporter
Feb 24, 2011
New U.S. single-family home sales fell more than expected in January, a government report showed on Thursday, pulled down by a plunge in activity in the country's West as a homebuyer state tax credit in California ended.
IBT Staff Reporter
Feb 24, 2011
General Motors Co posted fourth-quarter results that topped Wall Street expectations, but its shares dipped below its IPO price as investor concerns shifted to the pressure ahead from rising oil prices and other costs.
IBT Staff Reporter
Feb 24, 2011
She did it for love, a designer handbag and shoes. Bonnie Hoxie, a former Walt Disney Co (DIS.N) executive's secretary, told a federal judge on Tuesday she was blindsided by love and did not make the correct choices in giving confidential company information to her then-boyfriend a year ago.
Samantha Nolan
Feb 23, 2011
