Ivory Coast's levels of public investment will be "insignificant" over the next couple of years as the conflict-torn nation uses available funds to tackle its mounting debts, Finance Minister Charles Koffi Diby said on Thursday.
IBT Staff Reporter
Aug 04, 2011
I recently set out to look into all electric car sharing programs, like the one recently started in San Diego by car2go. After a little research into the program - run by a wholly-owned subsidiary of Daimler, stocked with Daimler Smart Fortwo EVs, and using ECOtality charging infrastructure - I became even more interested in the diversifying products of auto manufacturers. A number of auto OEMs around the world are starting to look like one-stop-shop transportation companies, investing in car sh...
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Aug 04, 2011
Hedge fund titan John Paulson's flagship funds performed poorly in July and sank further into the red for the year.
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Aug 04, 2011
The Dow is plunging, as stocks are coming back to the woes that Main Street has grappled with since the recession. Stocks had soared this year while Main Street America grappled with slow growth and high unemployment.
David Magee
Aug 04, 2011
Kraft Foods Inc Chief Executive Irene Rosenfeld is breaking up the food giant, just 18 months after driving through the controversial acquisition of UK chocolate maker Cadbury.
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Aug 04, 2011
New U.S. claims for unemployment benefits were little changed last week, a government report showed on Thursday, pointing to a marginal improvement in the labor market.
IBT Staff Reporter
Aug 04, 2011
The development comes only one month after she took over as IMF boss, succeeding Dominique Strauss-Kahn, who was forced to resign in wake of his sexual assault trial in New York City.
Palash Ghosh
Aug 04, 2011
The global economy is more sluggish than first thought, government bonds offer no real return, gold is super expensive and stock markets sell off at the slightest setback.
Hao Li
Aug 04, 2011
Kraft aims to split its company into two distinct businesses. The company said the move could occur by the end of this year.
David Magee
Aug 04, 2011
A growing number of Australians expect property prices to fall over the next year, a new survey has found.
Jamelle Agbuis
Aug 03, 2011
Avista Capital Partners and Cinven are among four private equity firms bidding for Thomson Reuters Corp's trade and risk management software business, Kondor, people close to the matter said.
IBT Staff Reporter
Aug 03, 2011
At one time K-Swiss was known as a conservative white tennis shoemaker, but that all changed when it hired fictional athlete Kenny Powers as its spokesman.
John Talty
Aug 03, 2011
Private equity firm KKR & Co reported lower-than-expected second-quarter earnings on Wednesday as investment income declined and the value of its investments rose less than the previous year, sending its shares lower.
IBT Staff Reporter
Aug 03, 2011
Indian conglomerate Essar plans to spend up to $4 billion constructing a plant to process iron ore from Zimbabwe's Mwanesi resource within the next five years, Industry and Commerce Minister Welshman Ncube said on Wednesday.
IBT Staff Reporter
Aug 03, 2011
Congress has done the urgent -- passed the U.S. debt deal to help eliminate the budget deficit. But what about an equally important U.S. problem: the jobs deficit?
Joseph Lazzaro
Aug 03, 2011
The United States had its triple-A rating confirmed by two key ratings agencies on Tuesday after Washington struck a last-minute deal to avoid a debt default, but threats of future downgrades remain.
IBT Staff Reporter
Aug 03, 2011
The top pre-market NASDAQ Stock Market gainers are: Global Traffic Network, AMAG Pharmaceuticals, Allscripts Healthcare Solutions, InterDigital, and ZST Digital Networks. The top pre-market NASDAQ Stock Market losers are: Smith Micro Software, MicroStrategy, OpenTable, Sonus Networks, Garmin, and Dunkin' Brands Group.
Balasubramanyam Seshan
Aug 03, 2011
Google+ has become the fastest growing Web site ever. But can it catch Facebook?
David Magee
Aug 03, 2011
Major stock indexes around the world lost all of their gains on the year and gold hit a record on Tuesday after a deal to raise the U.S. debt ceiling gave no comfort to investors preoccupied with sluggish global growth.
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Aug 03, 2011
Internet service providers actually met -- and sometimes exceeded -- the speeds they advertised despite previous stereotypes, according to a report released on Tuesday by the U.S. Federal Communications Commission
John Talty
Aug 02, 2011
Despite mining minister Susan Shabangu's reluctance to say it, South Africa is not going to nationalise its mines.
IBT Staff Reporter
Aug 02, 2011
South Africa said it would push Wal-Mart to rejig the conditions of its $2.4 billion Massmart deal, as Pretoria looks to wring bigger concessions from the world's top retailer.
IBT Staff Reporter
Aug 02, 2011