IBT Staff Reporter

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Obama gives healthcare pep talk as Senate leaves

President Barack Obama delivered a pep talk to a bipartisan group of senators negotiating a healthcare overhaul on Thursday as the U.S. Senate headed on vacation without a deal on his top domestic priority.
Aug 07, 2009

FDA chief vows to speed up inspections, warnings

The U.S. Food and Drug Administration's top official vowed on Thursday to warn companies more quickly about problems found during inspections and act more aggressively in serious cases that could directly harm consumers and patients.
Aug 07, 2009

July payrolls fall less than forecast

U.S. employers cut 247,000 jobs in July, far less than expected and the least in any month since last August, according to a government report on Friday that provided the clearest evidence yet that the economy was turning around.
Aug 07, 2009

Wall St gains on better-than-expected jobs data

U.S. stocks advanced on Friday after the government reported fewer workers lost jobs in July than expected, fueling hopes of an economic recovery and providing solid footing for a recent market run-up.
Aug 07, 2009

U.S. economy sheds fewer jobs than expected

U.S. employers cut 247,000 jobs in July, far less than expected and the least in any month since last August, according to a government report on Friday that provided the clearest evidence yet that the economy was turning around.
Aug 07, 2009

LG U.S. plant to support 250,000 electric cars

LG Chem Ltd will have the capacity to build battery cells that could support up to 250,000 electric vehicles in the United States when its first U.S. plant becomes fully operational in 2013, the chief of the U.S. unit said on Thursday.
Aug 07, 2009

Serious climate talks hinge on U.S. bill: lawmaker

The fate of a U.S. climate change bill will send signals to the rest of the world as to whether upcoming global climate talks will be serious or not, one of the bill's co-authors said on Thursday.
Aug 07, 2009

No final deal yet in tax dispute with UBS

No final out-of-court settlement has yet been been reached in a tax-evasion dispute pitting the U.S. government against Swiss bank UBS AG , a U.S. Justice Department attorney said on Friday.
Aug 07, 2009

Jobs data lifts Wall St at open

Wall Street opened higher on Friday after the government reported fewer workers were laid off in July, providing fresh evidence of an economic recovery and the sustainability of a recent market run-up.
Aug 07, 2009

AIG posts first profit in 7 quarters

American International Group Inc , the insurer that received about $180 billion of federal bailouts, posted its first profit in seven quarters and shares rose 9 percent.
Aug 07, 2009

Jobs data lifts Wall Street at open

Wall Street opened higher on Friday after the government reported fewer workers were laid off in July, providing fresh evidence of an economic recovery and the sustainability of a recent market run-up.
Aug 07, 2009

Wall Street set to jump after jobs data

Wall Street was set for a higher open on Friday after the government reported fewer workers were laid off in July, providing fresh evidence of an economic recovery and the sustainability of a recent market run-up.
Aug 07, 2009

AIG posts first quarterly profit since 2007

American International Group Inc , the insurer that received $180 billion of federal bailouts, posted its first profit in seven quarters on Friday, helped by investment gains, sending its shares up 20 percent in premarket trade.
Aug 07, 2009

Payrolls fall less in July, jobless rates eases

U.S. employers cut 247,000 jobs in July, far less than expected and the least in any month since last August, according to data on Friday that provided the clearest evidence yet that the economy was turning around.
Aug 07, 2009

Magna posts loss on weak auto market

Canadian auto parts company Magna International Inc , one of the bidders vying to buy carmaker Opel from General Motors, reported a quarterly loss Friday, hurt by steep declines in global auto production.
Aug 07, 2009

Futures down; July jobs report on tap

U.S. stock index futures trimmed losses on Friday ahead of key monthly jobs data that could provide clues on the direction of the economy and the sustainability of a recent run-up.
Aug 07, 2009

AIG posts first profit in seven quarters

American International Group Inc , the insurer that received $180 billion of federal bailouts, posted its first profit in seven quarters on Friday, sending its shares up 9 percent in premarket trade.
Aug 07, 2009

Futures lower ahead of jobs report

U.S. stock index futures were lower on Friday as investors braced for key monthly jobs data for clues on the direction of the economy and the sustainability of a recent run-up.
Aug 07, 2009

RBS posts H1 loss, warns of tough years ahead

Royal Bank of Scotland reported more losses on Friday as investment banking profits failed to offset bad debts and the state-owned lender warned of more poor results to come before its own and the economy's recovery.
Aug 07, 2009

Magna posts Q2 loss on weak auto market

Canadian auto parts company Magna International Inc , one of the two bidders vying to buy carmaker Opel from General Motors, on Friday reported a second quarter loss, hurt by steep declines in global auto production.
Aug 07, 2009

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