Because of the U.S. Treasury Department's announcement Sunday that it has launched an offering of $18 billion worth of its American International Group Inc. (NYSE: AIG) common stock, the government will soon go from being the company's majority shareholder to being one of its minority shareholders.
The focus of this week's Apple media event will undoubtedly be the next-generation iPhone, but consumers might be talking tablets rather than phones after this Wednesday's product unveiling. Most news outlets and sources close to the company say Apple will also introduce a new "iPad Mini" to its tablet lineup. We don't know the exact features or specs that Apple has packed into the iPad Mini, but we nevertheless have a pretty good idea of what CEO Tim Cook might unveil on stage th...
Gov. Mitt Romney's tax plan is President George W. Bush's tax plan on steroids: it cuts taxes on upper-income adults and the uber-rich, and vectors the U.S. budget deficit to even higher levels.
NY1 turns 20 this week and the unexpectedly successful New York news channel's star anchor Pat Kiernan is restless, ready to move on to bigger venues. Still, he says, he knows how lucky he's been: "I have landed in absolutely the best spot as far as the changing economics and patterns of the news business."
As the fashion choreographer of the afternoon, designer Christian Siriano was en pointe in the execution of his ballet-inspired Spring 2013 collection at New York Fashion Week.
Defense attorneys who represented O.J. Simpson during his 1994-95 murder trial have responded to new allegations that one of the most important pieces of evidence had been illegally tampered with.
China's factories ran at their slowest rate for 39 months in August, the government reported Sunday.
Chances are there few personalities as creative, disruptive and rich in the technology sector as Jeff Bezos, the founding CEO of Amazon.com Inc. (Nasdaq: AMZN), the No. 1 e-retailer. He's put Borders Books out of business and could even put Apple Inc. (Nasdaq: AAPL) in its place.
Amazon's Kindle Fire launched Sept.6, appears to be making news for more wrong reasons than right. After news of the device lacking FCC approval for sale hit anxious customers Friday, the company seems to offer interested parties some respite as it appears to have reversed policy on the forced ads.
From Daimler trucks in Germany to tractors in Brazil, Rohit Saboo's Indian automotive parts are making their way into vehicles all over the world. But as he scales up exports to compensate for slowing growth at home, a lack of spending on innovation is undermining his sales pitch.
Even before Apple (AAPL) could unveil its next-generation iPhone, the Chinese seem to be in a tearing hurry as a company by name GooPhone has released a new phone GooPhone I5 that bears strong resemblances to leaked images of the next-generation iPhone, often referred to as iPhone 5.
A slowdown in exports, a slump in the earnings of domestic companies and surging food prices cast downward pressure on the world's second-biggest economy in August as the China's National Bureau of Statistics reported Sunday that the Consumer Price Index rose 2 percent.
Asian stock markets ended with gains last week after the European Central Bank (ECB) announced plan to reduce borrowing costs of struggling euro zone countries’ and news that Chinese regulators had approved another batch of infrastructure projects, which should stabilize and restore growth in the world's second largest economy. Market participants’ are likely to focus on Federal Open Market Committee (FOMC) interest rate decision on September 13th.
With both the Democratic and Republican national conventions now history, the former party's incumbent Barack Obama has widened his narrow lead over the latter party's challenger Mitt Romney in the U.S. presidential-election race, according to Reuters/Ipsos poll results released Saturday.
17 years after the infamous OJ Simpson murder trial, a member of the prosecution made the claim that OJ Simpson's defense team manipulated the famous glove that ultimately helped lead to a not guilty verdict for Simpson.
We don't know the exact features Apple has packed within the iPhone 5, but we have a pretty good idea of what CEO Tim Cook might unveil onstage this Wednesday. Over the past year, we've been watching reports, rumors and the U.S. patent department, keeping a keen eye out for possible software features Apple could introduce in its next iPhone. Read about the 14 features and tech specs we're expecting to see in the new iPhone at its release this week.
Rebecca Minkoff unveiled her pool party-themed Spring 2013 collection inspired by photographer Slim Aarons at Mercedes-Benz Fashion Week in New York on Friday with Lauren Conrad, AnnaSophia Robb and Olympic swimmer Ryan Lochte seated front row. The collection was pool party-themed, after all.
The death toll in a series of earthquakes that struck southwest China's Yunnan and Guizhou provinces Friday has mounted to 80. Over 730 people suffered injuries.
The top after-market Nasdaq gainers Friday were Cynosure Inc, Maxygen Inc, KiOR Inc and Cray Inc. The top after-market Nasdaq losers were TGC Industries Inc, Emmis Communications Corporation, Steel Dynamics Inc and Merge Healthcare Inc.
Asian stock markets posted their first weekly gains in three weeks as the European Central Bank's (ECB) announcement about its widely anticipated bond-buying program, and Chinese stimulus measures, triggered a rally on Friday.
Each week, the IBTimes Money team picks the six biggest, most dramatic, or most compelling winners and losers in business. For the week of Sept. 3-7, the former include global automakers such as the Honda Motor Co. (NYSE: HMC), and the latter include the Nokia Corp. (NYSE: NOK).
Paul Volcker, the former Federal Reserve chairman and a great proponent of new bank regulations, was a key enabler in the rise and eventual collapse of Fannie Mae, the government-sponsored enterprise focused on mortgage financing, according to a new book.
Has Apple finally begun to lift its ban on BitTorrent apps? Since Apple first founded the App store, the tech giant has had a standing ban on any apps related to the torrent client. On Friday, however, two new BitTorrent-related apps appeared in the App Store, possibly a sign that Apple is relaxing their restrictions on torrent-related content.
Viewing child pornography in New York is back to being illegal after Gov. Andrew Cuomo signed a bill Friday closing a loophole that had made viewing kiddie porn legal in the Empire State.
Nigerian police are conducting 24-hour surveillance of all telecom installations after the terrorist group Boko Haram claimed responsibility for a recent spate of attacks on mobile phone towers in the north.
Growing global demand for electric cars could drive demand for lithium up by as much as 20 percent per year, benefiting chemical and mining companies such as the FMC Corp. (NYSE: FMC), Rio Tinto PLC (NYSE: RIO) and Rockwood Holdings Inc. (NYSE: ROC), according to Standard & Poor's Capital IQ.
The week is chock-full with data releases, but the Federal Reserve's policy meeting on Sept. 12-13 will carry the most weight.
Greece's new coalition government has banned cabinet ministers from handing out jobs to family members, following a public backlash after the temporary head of parliament appointed his daughter to a civil servant post last month.
Following reports earlier this week of Apple allowing hackers into its iCloud service, Sony Corportation is facing similar concerns over the security of its data across everything from its mobile-phone business to its new mobile gaming console, the Playstation Vita. In addition to piracy concerns, the new hacks highlight the relative weakness of the PS Vita's performance so far in the gaming market.
Shares of online radio broadcaster Pandora Media Inc. (NYSE: P) plunged nearly 21 percent on reports that Apple (Nasdaq: AAPL), the world's most valuable technology company, would launch a competitive service as early as next quarter.
