Steven Rattner, the former head of the United States auto task force, attempted to clarify remarks about the salary of United Auto Workers members that he made last Thursday in speaking before the Detroit Economic Club.
Brett LoGiurato
Dec 19, 2011
The Dallas-based company announced Monday that after a thorough review of its options it was backing out of the $39 billion deal, thus avoiding a costly and potentially lengthy legal battle.
IBT Staff Reporter
Dec 19, 2011
This is the fifth in TheWrap's series of Studio Report Cards.
IBT Staff Reporter
Dec 19, 2011
In a spacious, luxury apartment perched on the leafy hills of Hong Kong, Kai-Yin Lo browses through a trove of Chinese art acquired over several decades, reflecting how her niche, scholarly pursuit has now hit the mainstream.
Peggy Truong
Dec 19, 2011
Canadian fertilizer giant Potash Corp. of Saskatchewan is seeking approval from the Israeli government to increase its stake in rival Israel Chemicals Ltd. to 25 percent, according to media reports.
IBT Staff Reporter
Dec 19, 2011
European leaders have not done enough to deal with the region's debt crisis and should probably use the International Monetary Fund to more closely monitor countries with the biggest problems, Canadian Finance Minister Jim Flaherty said on Sunday.
IBT Staff Reporter
Dec 19, 2011
In a bombshell research note that is making the rounds of Wall Street this morning, Glenn Schorr, the financial services sector analyst for Nomura, cut his estimate for Goldman's fourth-quarter earnings to $1 per share, half of his previous $2 prediction. That's less than half of what the consensus expectations are. Other bank estimates were also taken down.
Eleazar David Meléndez
Dec 19, 2011
European Goldfields, which has agreed a C$2.5 billion ($2.4 billion) takeover by Canadian group Eldorado Gold, is hoping to keep an investment deal with Qatar's sovereign wealth fund as a fall back option.
Mike Obel
Dec 19, 2011
Peruvian President Ollanta Humala's approval rating fell for the third straight month in December to 47 percent after fierce protests against a mining project sparked his government's first crisis, pollster Ipsos Apoyo said on Sunday.
Mike Obel
Dec 19, 2011
Japan's Nikkei share average fell to a three-week low on Monday, hurt by news that North Korean leader Kim Jong-il had died and as worries over Europe's debt crisis increased after Fitch Ratings warned of possible downgrades for seven European nations.
Joseph Lazzaro
Dec 19, 2011
Gold prices will fall below $1,500 an ounce over the next three months and are unlikely to retest September's all-time highs until later 2012 at the earliest, according to a Reuters poll of 20 hedge fund managers, economists and traders.
Mike Obel
Dec 19, 2011
European Goldfields, which has agreed a C$2.5 billion ($2.4 billion) takeover by Canadian group Eldorado Gold, said on Monday an investment deal with Qatar's sovereign wealth fund remained in place.
Mike Obel
Dec 19, 2011
Republican White House hopeful Mitt Romney receives millions of dollars a year in a retirement agreement with Bain Capital, nearly 13 years after he left the private equity firm he helped start, the New York Times reported Monday.
Eric Linton
Dec 19, 2011
Asian equities and U.S. stock index futures fell, with South Korean shares tumbling as much as 5 percent, while the dollar gained on safe-haven appeal after news of the death of North Korea leader Kim Jong-il raised fears of regional instability.
Eric Linton
Dec 19, 2011
Apple has been relying on its Asian manufacturers for production and assembly of its popular gadgets. But Apple’s A5 chip, which powers the new iPhone 4S and the iPad 2, is now being manufactured in the United States of America, specifically Texas, according to reports.
Bhaskar Prasad
Dec 19, 2011
Gold prices will fall below $1,500 an ounce over the next three months and are unlikely to retest September's all-time highs until later next year at the earliest, according to a Reuters poll of 20 hedge-fund managers, economists, and traders.
J.J. McGrath
Dec 18, 2011
The last convoy of U.S. soldiers pulled out of Iraq on Sunday, ending nearly nine years of war that cost almost 4,500 American and tens of thousands of Iraqi lives and left a country still grappling with political uncertainty.
J.J. McGrath
Dec 18, 2011
Police, prosecutors, and the Japanese securities watchdog may launch a raid on the offices of the disgraced Olympus Corp. this week on suspicion the company falsified financial accounts, Kyodo News has reported, citing investigative sources.
IBT Staff Reporter
Dec 17, 2011
Hollywood has yet to shake off the Thanksgiving hangover, with box office receipts slumping in the weeks since the late November holiday.
IBT Staff Reporter
Dec 17, 2011
Online games developer Zynga Inc scored badly as it went public on Friday, dashing hopes for the year's hottest tech IPO, as investors frowned on its over-reliance on Facebook, dimming growth prospects, and outsized control by CEO Mark Pincus.
keep for now
Dec 17, 2011
A unique deal to protect part of the annual bonus pool at UBS Australia expires within weeks, say sources with direct knowledge of the matter, raising the prospect that the business may lose some top talent should it not be renewed.
IBT Staff Reporter
Dec 17, 2011
Moody's threat to downgrade Ontario's debt rating will likely spur the Canadian province to take bolder moves to rein in its C$16 billion ($15.4 billion) deficit.
IBT Staff Reporter
Dec 16, 2011
![U.S. Withdraws from Iraq: Final Moments [SLIDESHOW]](https://d.ibtimes.com/en/full/85957/us-withdraws-iraq-final-moments-slideshow.webp?w=385&h=257&f=aa4d34373d713cd37023c6324e0e9e9b)
