NEW YORK

Hu's U.S. visit sets new tone but tensions remain

Chinese President Hu Jintao headed home on Friday after a U.S. visit both sides declared a success, but which left questions over how the world's top two economic powers will manage future frictions.

Islanders snatch Nabokov from Red Wings

IBTimes Logo
New York Islanders snatched Russain goaltender Evgeni Nabokov through waivers on Saturday despite the 35-year-old signing a one-year deal with the Detroit Red Wings on Thursday.
More news

Union membership plunging in the U.S.

According to The Bureau of Labor Statistics, the percentage of unionized American workers dropped to 11.9 percent from 12.3 percent, with the loss of 612,000 members in 2010. In 2008, unions lost 771,000 workers.

Namath family rooting for Steelers over Jets

Joe Namath may be the greatest icon in New York Jets history, but since he’s originally from the Pittsburgh area, his family members will be rooting for the Steelers in this Sunday’s AFL Championship games.

NYC unemployment rate eases to 8.9 pct in December

New York City's unemployment rate fell two-tenths of a percentage point to 8.9 percent in December from November, but the tourism-related sector hired fewer workers than expected, labor experts said on Thursday.
IBTimes Logo

Debate on jobless rate may shape Fed policy

The U.S. Federal Reserve's latest $600 billion bond-buying program is built on the idea that most of the stubbornly high unemployment rate is reversible, if only borrowing costs are pushed low enough.

New York Jets Hoping For Win, Financial Boost

A New York Jets win this Sunday not only would propel the team to its first Super Bowl appearance since 1969, but could also give the team a boost in revenue while it makes payments on $650-million in debt.
IBTimes Logo

Gold hits two-month low as haven appeal wanes

Gold touched a two-month low in Europe on Friday, pressured by a firmer appetite for assets seen as higher risk on expectations the economic recovery was gaining traction, but a retreat in the dollar prevented a steeper drop.

Melting of Greenland ice sheet set new record in 2010

Melting of Greenland ice sheet set new record in 2010, as some areas in the second largest ice body in the world experienced melting for longer duration last year, says a research conducted by the World Wide Fund for Nature (WWF) and City College of New York.

Facebook co-founder Eduardo Saverin invests $8 mln in Qwiki

Facebook co-founder Eduardo Saverin and YouTube co-founder Jawed Karim are investing $8 mln in Series A funding into Qwiki, a startup pioneering the information experience via on-the-fly transformation of data into rich media narratives

JFK airport terrorist attack conspirator sentenced to 15 years in prison

Abdel Nur, a Guyanese national, has been sentenced by a U.S. district court judge to 15 years in prison for providing material support to a terrorist group that had conspired to attack John F. Kennedy International Airport in Queens, New York, by exploding fuel tanks and the fuel pipeline under the airport.
IBTimes Logo

Blockbuster wins 3-month restructuring extension

Blockbuster Inc. on Thursday received three more months to negotiate store leases with its landlords -- its second restructuring extension this week -- giving the video rental chain more time to try to reorganize its business.

Freddie Mercury: The world’s first Indian rock star

One of the greatest, most popular and iconic rock-and-roll stars of all-time was of Indian descent – Freddie Mercury, the charismatic (some would sneer over-theatrical) lead singer of British music group Queen.

U.S. mafia is a national burden, says FBI director

Organized crime - as embodied by the U.S. mafia - hasn't gone away and is a nationwide concern for businesses and consumers, the head of the FBI said on Thursday after over 100 mafia members and associates were arrested and charged with a wide-range of crimes.
IBTimes Logo

Gold Slumps to 2-Month Low as Dollar Rallies, Stocks Fall with Oil & Bonds

Reports that some financial institutions have started to exit their gold positions have been circulating this week, says French bank and London bullion dealer Natixis in its latest commodity analysis. Physically-backed ETF trust funds shrank almost 1% this week on Natixis' data - the sharpest weekly drop since we started keeping records in 2008.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.