IBT Staff Reporter

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US Bancorp Q4 profit up, loan losses decline

US Bancorp reported higher-than-expected fourth-quarter earnings on Wednesday, aided by lower loan losses and the largest increase in new loans since the fourth quarter of 2008.
Jan 19, 2011

Stocks fall on Goldman's results

The S&P 500 was on track to post its worst day in about two months on Wednesday as disappointing results from Goldman Sachs and Wells Fargo deflated hopes for strong bank earnings.
Jan 19, 2011

Win $ with fiscal solutions video

The Committee for a Responsible Federal Budget, a nonpartisan Washington-based group promoting fiscal responsibility, is holding a contest on the best ways to better balance the nation’s bank account and avert an economic disaster.
Jan 19, 2011

Housing starts lowest since late 2009

Groundbreaking on new U.S. home construction fell more than expected in December to its lowest in over a year, suggesting the battered housing sector remains a major roadblock to economic recovery.
Jan 19, 2011

Raincoat-chic: Mackintosh joins London fashion scene

Traditional all-weather raincoats, designed for the working masses almost 200 years ago, joined the ranks of upmarket London fashion on Wednesday, when Mackintosh opened its first standalone store.
Jan 19, 2011

Health benefits and cost in focus for repeal vote

U.S. lawmakers will consider new health care insurance benefits and the cost of paying for them on Wednesday, as the House heads to a vote on whether to repeal last year's major health care overhaul law.
Jan 19, 2011

PLO flies flag in D.C.

The flag of the Palestinian Liberation Organization was hoisted above the PLO's offices in Washington, D.C. Tuesday and the new chairman of the House Foreign Affairs Committee quickly criticized the act.
Jan 19, 2011

S&P, Nasdaq fall on Goldman's results

Stocks mostly fell on Wednesday as disappointing results from Goldman Sachs and Wells Fargo deflated hopes for strong bank earnings in the last quarter.
Jan 19, 2011

American Idol Alex Lambert Now Homeless?

The 20 year old semifinalist Alex Lambert on last season's American Idol is now living on the street and homeless. Alex admitted being a homeless on his twitter.
Jan 19, 2011

Obama, Hu remarks at official arrival ceremony (FULL TEXT)

The following is the text released by the White House of remarks by U.S. President Barack Obama and Chinese President Hu Jintao on the morning of January 19, 2011 at the South Lawn of the White House at the official arrival ceremony. Neither president took questions.
Jan 19, 2011

Gold gains for third day; platinum at 30-month high

Gold rallied for a third consecutive session on Wednesday, boosted by broad weakness in the dollar and robust Asian consumer demand, while anticipation of more resilient global growth took platinum to 30-month highs.
Jan 19, 2011

Sweeting thrown to the wolves for Nadal showdown

Rafa Nadal returns to action at the Australian Open on Thursday, with American qualifier Ryan Sweeting handed the Herculean task of ending the Mallorcan's march toward a fourth consecutive grand slam title in the second round.
Jan 19, 2011

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