BUSINESS

More news
IBTimes Logo

Greece Can't Pay Its Debts: 'Troika'

Greece is not likely to be able to pay its debts, meaning the twice bailed-out member of the euro zone will have to restructure about $240 billion of sovereign debt, European Union officials told Reuters on Tuesday.
Natural Gas Rally

Traders Pile Into Explosive Natural Gas Rally

Traders piled into a frothy rally in the natural gas markets Tuesday, sending the price of the energy commodity to 2012 highs and seemingly hoping to turn a quick profit with a highly volatile trade before the market's momentum shifts.
The Cisco logo is displayed at the technology company's campus in San Jose

Cisco Systems Inc. To Slash 1,300 Jobs

Cisco Systems, Inc. (Nasdaq: CSCO), the biggest maker of computer-networking equipment, plans to cut about 1,300 jobs, or 2 percent of its workforce, as part of its ongoing efforts to restructure the company.
James Holmes

Arlene Holmes, James Holmes's Mother, Says 'You Have The Right Person' Comment Was Not In Reference To Her Son

Arlene Holmes and the rest of the family of suspected gunman James Holmes have said they will support the Colorado shooting suspect, who allegedly killed 12 people and wounded 58 others. While Holmes's family members did not express the statement in person, when asked if they stand by the 24-year-old, lawyer and family spokeswoman Lisa Damiani said at a press conference today, Yes they do. He's their son.
Caterpillar

Caterpillar Inc. (CAT) Earnings Preview: Decent Q2, Cautiously Optimistic Outlook

Caterpillar Inc. (NYSE: CAT), the world's largest maker of construction and mining equipment, is expected to report strong second-quarter profit as resurgent sales of construction machinery in the U.S. and ongoing global demand for mining equipment offset weakening sales in Europe, China and Brazil. The impact of acquisitions will also play a part.
US Housing Sector

The U.S. Housing Recovery Is Here: Goldman Sachs

The U.S. housing recovery is here, with an uptick in prices, government support and a decrease in unsold off-market homes, known as shadow inventory, according to analysts from Goldman Sachs Group Inc. (NYSE: GS), the fifth-largest U.S. bank by assets.
IBTimes Logo

Crude Oil Futures Gain After China Data

Crude oil futures advanced Tuesday as fears over a sharp growth slowdown in the world’s second largest economy slightly eased after a report showed that Chinese factory activity in July grew at its fastest pace in five months.
IBTimes Logo

Wipro Net Profit Up, Shares Drop On Week Forecast

Wipro Ltd, India's third largest IT services exporter, Tuesday reported a jump of 6.7 percent sequentially in its first quarter profits for the financial year 2012-13, aided by the strong demand for outsourcing services and the week Indian rupee.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.