BUSINESS

More news
UAE

UAE Restricting Visas For Immigrants Workers From Asia

The UAE is making it more difficult for immigrant laborers to enter the country on tourist and other short-term visas in a bid to prevent foreign criminals from entering the country under the guise of looking for work. The rapidly developing country has been built up with immigrant labor mostly from South Asia, who form a majority of the Gulf nation's 8 million plus population.

Samsung Galaxy Note 2 Rumors: Verizon Logo Seen In Allegedly 'Leaked' Photos

Samsung?s Galaxy Note 2, the successor to its widely popular ?phablet? device, is rumored for an October release date in the United States. It seems as if the tablet/smartphone successor will be made available on more carriers than its predecessor, as recent alleged leaks have indicated a Galaxy Note 2 release for Verizon.
Ford Motor Co.'s Emblem

Weakness In Germany Drags Down Europe's August Car Sales

Car sales fell 8.9 percent in Europe in August, with Germany's activity dropping 4.7 percent, according to the European Automobile Manufacturers' Association. Ford Motor Co. (NYSE:F) had the worst month, with a nearly one-third drop in sales.
The Mortgage Servicing Process

Did Fannie Mae Overpay Bank Of America For Servicing Rights?

The taxpayer-owned Fannie Mae paid more than legally required to Bank of America Corp (NYSE: BAC) and 12 other lenders when it spent $1.5 billion in termination fees for servicing rights on 1.1 million loans between 2008 and 2011. The mortgage giant argues that while it paid a premium over the minimum required price, it paid for the transfers at an ?appropriate rate.?
Apple’s Jony Ive To Design A Single Leica M Camera For Charity

Apple's Jony Ive To Design A Single Leica M Camera For Charity

After the unveiling of its new Leica M camera at the world's leading imaging fair Photokina, German optics company Leica held a special event Monday night, in which the company's owner Andreas Kaufmann revealed a very special limited-edition camera in the works. Kaufmann announced that Leica had tapped Sir Jony Ive, Apple's lead designer and the brain behind such products as the iPod, iPhone and Sunflower iMac, to build an uber-limited edition of the Leica M for charity. Onl...
Mexican Prisonbreak

Mexican Prison Break Near US Border

Over 130 inmates have escaped from a Mexican prison in Peidras, located across the border from Eagle Pass, Texas. Mexican authorities have undertaken a massive manhunt, while U.S. authorities are closely monitoring the border to assist in the recapture of any prisoners that try to cross.
IBTimes Logo

India's Consumer Price Inflation Touches 10.03% in August

India's retail inflation rate increased to 10.03 percent in August from 9.86 percent recorded in July, mainly driven by higher food prices, according to the data released by the Ministry of Statistics and Program Implementation.

Apple iPhone 5 Preorders Hit 2M, Shares Touch $700

Apple Inc booked orders for over two million iPhone 5 models in the first 24 hours, reflecting a higher-than-expected demand for the consumer device giant's new smartphone and setting it up for a strong holiday quarter.
Woman walks past stock quotation board outside brokerage in Tokyo

Asian Markets Drop Amid China-Japan Dispute

Most of the Asian markets dropped Tuesday as investor confidence was weighed down by the intensifying tensions between China and Japan and the increasing concerns over the euro zone debt crisis.
IBTimes Logo

Asian Shares Slip After Fed-Inspired Rally

Asian shares retreated from four-month highs Tuesday as markets paused from last week's rallies, calculating the impact on growth from the Federal Reserve's aggressive stimulus and eyeing whether Spain will request a bailout to ease its fiscal strains.
Newsweek Muslim Rage Cover

Newsweek's 'Muslim Rage' Inspires Twitter Glee

Newsweek magazine and Tina Brown had hoped to spark a conversation about the magazine's latest cover story, which came with the headline Muslim Rage. Instead, Twitter erupted with a stream of light-hearted tweets about everyday Muslim discontent.
Apple (AAPL)

Apple Tops $700 Mark, Year After Hitting $400

Shares of Apple (Nasdaq: AAPL) surged past $700 for the first time, just a year after topping $400. The move brings Apple's market value to about $650 billion, cementing its 2012 role as the world's most valuable company, ahead of Exxon Mobil Corp. (NYSE: XOM).

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.