INVESTMENT

Carlyle, Blackstone chiefs downbeat on U.S. economy

IBTimes Logo
The heads of two of the world's most powerful private equity firms issued a dire report on the U.S. economy on Wednesday, signaling problems for political leaders and their own firms' ability to realize profit on their portfolios.
Gruebel, CEO of Swiss Bank UBS addresses a news conference to present the results for 2010 in Zurich

UBS Chief Seeks Less Risky Future: Memo

UBS AG interim Chief Executive Sergio Ermotti appealed to staff in an internal memo to back efforts to make the bank less complex and risky, following a $2.3 billion loss from unauthorized trading.
More news
PlayStation Network games

More Money Flowing to Targeted Media

U.S. companies will spend nearly $200 billion this year on targeted media such as direct mail, text messages or product placement in video games in a major push to concentrate on narrow, valuable groups of consumers, a new study shows.
IBTimes Logo

Japanese Investors Stood Firm During Recent Slump

Japanese households stayed put in gold during the market turmoil this month, in sharp contrast to a selling rush when prices surged in August, reflecting gradually spreading recognition of gold as an investment asset.
Gold bar

Gold Falls 1 pct on Dollar Strength; Investors Cautious

Gold slipped 1 percent in volatile trade on Wednesday as the U.S. dollar regained strength on doubts over the progress of Europe's efforts to tackle the region's debt crisis, while this week's brutal correction also kept investors at bay.
An anti-Gaddafi fighter stands guard at the Mellitah Oil and Gas complex during a handover ceremony in Mellitah

Gaddafi loyalists ask for truce in besieged city

A Libyan commander leading the attack on Muammar Gaddafi's hometown of Sirte said on Tuesday he was in talks with elders inside the city about a truce, but the head of another anti-Gaddafi unit rejected negotiations.
A Yahoo! billboard is seen in New York's Time's Square

Yahoo: Breaking Up Is Easy To Do

The long-beleaguered search engine company Yahoo! Inc. would probably be better off selling off pieces of itself rather than submit to a takeover in whole, given that the separate segments of the firm probably have more value than the sum of the individual parts. However, any such potential transaction won’t happen overnight.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.