International Business News - In http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Criminal gangs are making millions of dollars out of the H1N1 flu pandemic by selling fake flu drugs over the internet, a web security firm said on Monday. http://www.ibtimes.com/data/articleimgs/224148-registered-nurse-susan-longobucco-hynes-preparesdose-of.jpg http://www.ibtimes.com/articles/20091116/online-gangs-cashing-in-on-swine-flu-security-firm.htm http://www.ibtimes.com/articles/20091116/online-gangs-cashing-in-on-swine-flu-security-firm.htm Mon, 16 Nov 2009 09:40:02 EST Dubai Aerospace Enterprise said on Sunday it has reached a $340 million agreement with International Aero Engines, a consortium led by Rolls-Royce and Pratt & Whitney , for A320 Airbus aircraft engines. http://www.ibtimes.com/data/articleimgs/224116-an-airbus-a320-passenger-plane-is-parked.jpg http://www.ibtimes.com/articles/20091115/international-aero-engines-in-airbus-deal.htm http://www.ibtimes.com/articles/20091115/international-aero-engines-in-airbus-deal.htm Sun, 15 Nov 2009 07:40:01 EST Kraft Foods is persisting in its waiting game as a deadline for its acquisition of British confectioner Cadbury nears, and many see a formal bid coming in close to its tight first offer. http://www.ibtimes.com/data/articleimgs/223645-cadburys-chocolate-bars-are-seen-inshop-in.jpg http://www.ibtimes.com/articles/20091106/kraft-in-waiting-game-as-cadbury-deadline-nears.htm http://www.ibtimes.com/articles/20091106/kraft-in-waiting-game-as-cadbury-deadline-nears.htm Fri, 06 Nov 2009 12:32:01 EST Ford Motor Co surprised Wall Street with a quarterly profit on Monday supported by cost cuts, improved credit results, and increased market share. http://www.ibtimes.com/data/articleimgs/223320-fords-figo-car.jpg http://www.ibtimes.com/articles/20091102/ford-posts-profit-sees-solid-profit-in-11.htm http://www.ibtimes.com/articles/20091102/ford-posts-profit-sees-solid-profit-in-11.htm Mon, 02 Nov 2009 07:32:02 EST U.S. consumer spending fell in September for the first time in five months as the boost from a government auto incentive faded, data showed on Friday, adding to fears that consumers may be pulling back as they head into the last quarter of the year. http://www.ibtimes.com/data/articleimgs/223262-a-shopper-carrying-bags-takes-the-escalator.jpg http://www.ibtimes.com/articles/20091030/personal-spending-falls5-percent-in-september.htm http://www.ibtimes.com/articles/20091030/personal-spending-falls5-percent-in-september.htm Fri, 30 Oct 2009 08:40:01 EDT Ford Motor Co has made the most progress in improving vehicle quality among major automakers, while Chrysler ranks at the bottom of the industry for reliability, according to an annual Consumer Reports survey released on Tuesday. http://www.ibtimes.com/data/articleimgs/223099-the-ford-motor-cos-logo-is-seen.jpg http://www.ibtimes.com/articles/20091027/ford-rises-chrysler-falters-in-key-quality-survey.htm http://www.ibtimes.com/articles/20091027/ford-rises-chrysler-falters-in-key-quality-survey.htm Tue, 27 Oct 2009 15:48:01 EDT Diversified U.S. manufacturer Honeywell International Inc posted a 15 percent drop in profit on weak demand for systems used in commercial buildings and aircraft. http://www.ibtimes.com/articles/20091023/honeywell-profit-tumbles-15-percent-in-quarter.htm Fri, 23 Oct 2009 09:16:02 EDT Former Lazard Ltd Chief Executive Bruce Wasserstein's death will result in a payment of more than $186 million in restricted stock, according to the company's proxy statement. http://www.ibtimes.com/data/articleimgs/222480-wasserstein-delivers-time-warner-lazard-report-in.jpg http://www.ibtimes.com/articles/20091015/wasserstein-death-to-result-in-186million-payment.htm http://www.ibtimes.com/articles/20091015/wasserstein-death-to-result-in-186million-payment.htm Thu, 15 Oct 2009 21:16:02 EDT U.S. consumer spending rose at its fastest pace in nearly 8 years in August, advancing for a fourth straight month, according to a government report on Thursday that pointed to a rebound in spending in the third quarter. http://www.ibtimes.com/data/articleimgs/221531-shoppers-walk-with-their-purchases-in-the.jpg http://www.ibtimes.com/articles/20091001/upersonal-spending-in-august-up3-percent.htm http://www.ibtimes.com/articles/20091001/upersonal-spending-in-august-up3-percent.htm Thu, 01 Oct 2009 08:40:01 EDT The U.S. Energy and Treasury Departments on Tuesday awarded $550 million in cash grants to develop renewable energy projects to help meet the Obama administration's goal of doubling U.S. renewable energy production over the next few years. http://www.ibtimes.com/data/articleimgs/220936-.jpg http://www.ibtimes.com/articles/20090922/government-awards-550-million-renewable-energy-grants.htm http://www.ibtimes.com/articles/20090922/government-awards-550-million-renewable-energy-grants.htm Tue, 22 Sep 2009 11:35:18 EDT China's President Hu Jintao may lay down a "carbon intensity" target for his country at a top level United Nations summit on Tuesday, experts said, as he seeks to show Beijing's commitment to fighting climate change. http://www.ibtimes.com/data/articleimgs/220820-.jpg http://www.ibtimes.com/articles/20090921/carbon-intensity-focus-as-china-hu-heads-ton.htm http://www.ibtimes.com/articles/20090921/carbon-intensity-focus-as-china-hu-heads-ton.htm Mon, 21 Sep 2009 11:48:14 EDT A worn-down component in the forward section of United Technologies Corp's F135 engine for the F-35 fighter jet may have caused the tip of a fan blade to break off during testing, the company said on Friday. http://www.ibtimes.com/data/articleimgs/220752-.jpg http://www.ibtimes.com/articles/20090918/pratt-to-modify-f135-jet-engine-damaged-in-test.htm http://www.ibtimes.com/articles/20090918/pratt-to-modify-f135-jet-engine-damaged-in-test.htm Fri, 18 Sep 2009 19:40:02 EDT Mazda Motor Corp said it would begin selling the Mazda2 hatchback in the United States towards the end of 2010, getting a late start in a segment that has held up relatively well as consumers seek cheaper and smaller cars. http://www.ibtimes.com/articles/20090918/mazda-sell-mazda2-subcompact-us-from-late-10.htm Fri, 18 Sep 2009 09:43:03 EDT Germany's Siemens aims to build on its leading position in offshore wind turbines to become the world's third-biggest supplier to the wind industry overall by 2012, a senior executive said. http://www.ibtimes.com/articles/20090917/siemens-aims-be-nowind-mill-supplier-2012.htm Thu, 17 Sep 2009 14:50:23 EDT Tucson Electric Power, a unit of UniSource Energy Corp, agreed to buy power from two solar energy systems to be built in Arizona that would generate enough electricity for more than 6,000 homes, the company said in a release late Wednesday. http://www.ibtimes.com/articles/20090917/tucson-electric-buy-solar-power-arizona.htm Thu, 17 Sep 2009 13:59:56 EDT In the game of climate poker, developing nations might feel they have the right cards on the table in U.N. talks after ramping up efforts to curb greenhouse gas output. http://www.ibtimes.com/data/articleimgs/220619-.jpg http://www.ibtimes.com/articles/20090917/poor-nations-co2-curbs-strengthen-hand-un-talks.htm http://www.ibtimes.com/articles/20090917/poor-nations-co2-curbs-strengthen-hand-un-talks.htm Thu, 17 Sep 2009 09:28:43 EDT Japan's new energy minister said he aims to expand the nation's electricity feed-in tariff scheme to other energy sources beyond solar power within two years, to help meet the new government's goals to cut greenhouse gas emissions by 25 percent below 1990 levels by 2020. http://www.ibtimes.com/articles/20090917/japan-energy-min-aims-expand-power-feed-tariff.htm Thu, 17 Sep 2009 09:08:10 EDT Car-rental company Dollar Thrifty Automotive Group Inc said it will close about 10 more locations in the rest of 2009, as part of its pre-announced plan to do away with underperforming and non-profitable locations. http://www.ibtimes.com/articles/20090915/dollar-thrifty-close-about-10-more-locations-09.htm Tue, 15 Sep 2009 09:38:17 EDT MasterCard Inc, the world's second-largest credit-card network, said processed volume in the United States declined less in July and August than in the second quarter, reinforcing sentiment that the industry is stabilizing. http://www.ibtimes.com/data/articleimgs/220437-.jpg http://www.ibtimes.com/articles/20090915/mastercard-processed-volume-decline-slows-us.htm http://www.ibtimes.com/articles/20090915/mastercard-processed-volume-decline-slows-us.htm Tue, 15 Sep 2009 09:27:40 EDT Capital One Financial Corp's U.S. credit-card defaults fell in August, reinforcing signs that, despite job losses and the housing crisis, American consumers may not be in as bad shape as feared. http://www.ibtimes.com/articles/20090915/capital-one-credit-card-defaults-fall-august.htm Tue, 15 Sep 2009 08:14:27 EDT