BUSINESS

Bernanke's Next Move, Trade Balance And Lots Of Fed Talk: Economic Events for June 4-8

Federal Reserve Chairman Ben Bernanke arrives to speak at a conference on systemic risk, at the Federal Reserve in Washington
The April trade data is likely to garner the most market attention, while the Fed Beige Book will set the tone for the upcoming Federal Open Market Committee (FOMC) meeting. On Thursday, markets will also be watching Fed Chairman Ben Bernanke's testimony to Congress, which could provide clues on whether the Fed is ready to take additional steps to support growth.
Petrol price

Another Petrol Price Hike On Cards In India?

Petrol price woes in India are not going to end anytime soon. Oil companies, which had raised Rs 7.5 per liter over a week ago, announced a rollback of Rs 2 Saturday after wide protests against the hike. However, the companies Monday said that the prices would be reviewed June 15.
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US Public Policy

US Still Trying To Recover From Three 2001-2008 Public Policy Mistakes

Tea Party members and other conservatives would like Americans to believe that the United States? problems started in 2009, but nothing could be further from the truth. Three major policy errors by President George W. Bush last decade substantially worsened the U.S.?s fiscal condition, and the nation has been trying to recover ever since.
Job seekers stand in line to speak with an employer at a job fair in San Francisco

Obama, Romney Advisers Point Fingers Over Latest Job Numbers

Advisers to President Barack Obama and Republican nominee Mitt Romney turns assigning blame for May's grim jobs figures on Fox News Sunday, as the candidates try to spin a paltry 69,000 new jobs into a positive talking point for the incumbent and his Republican challenger.
Steve Jobs

Judge Won't Bar Steve Jobs Quotes From Patent Trial

Steve Jobs gave a lot of juicy quotes before he died, and Apple Inc (AAPL.O) has failed to keep some of them out of an upcoming patent trial against Google's (GOOG.O) Motorola Mobility unit, according to a court ruling.
Prime Minister Mariano Rajoy

Spain's PM: Fiscal Union + Monetary Union = New Euro Zone

Spanish Prime Minister Mariano Rajoy proposed on Saturday that the 17 countries in the euro zone create a common fiscal authority, with each surrendering a significant amount of its national sovereignty to send a signal to financial markets about the certainty of their single-currency experiment.
IBTimes Logo

US Manufacturing Jobs Begin The Long March Back From China (And Elsewhere)

The U.S. had been losing industrial jobs to low-cost countries, particularly in Asia, for years, but its manufacturing sector appears to be staging a surprising turnaround. In 2009, manufacturing accounted for about 11 percent of U.S. gross domestic product; in 2011, the comparable figure was 12.2 percent.
The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington

SEC Acts To Dampen Volatility In 'Flash Crash' Scenarios

Two-plus years after the so-called Flash Crash wreaked havoc in the U.S. equity market on May 6, 2010, the Securities and Exchange Commission announced Friday it has OK'd two proposals designed to dampen extraordinary volatility in individual securities and the broader stock market.
Visitors are silhouetted against a Logo of the Honda Motor at the company showroom in Tokyo

American Honda Sales In US Skyrocket 47.6 Percent In May

U.S. car sales soared 47.6 percent for the American Honda unit of Honda Motor Co. Ltd. (NYSE: HMC) in May, as the Japanese automaker consummated its recovery from last year's triple disaster (earthquake, tsunami, and nuclear meltdowns), with strong sales of its flagship Civic and Accord cars.
Natural Gas - Fracking

North Carolina Considers Fracking Bill

The North Carolina Senate could begin debating that state's first piece of legislation to allow hydraulic fracturing in oil-and-gas drilling next week.
gender pay gap

What You Need To Know About The Paycheck Fairness Act

Democrats in the U.S. Senate will renew next week their push for equal-pay legislation with the Paycheck Fairness Act, a bill with an embattled history that would help close the wage gap between men and women that experts say costs each woman about $434,000 over the course of her career.
US Stocks

US Equities Begin June As They Ended May: Bleeding Red Ink

With the Institute for Supply Management's manufacturing report and the U.S. Bureau of Labor Statistics' Employment Situation Summary both weaker than analysts' consensus estimates on Friday, U.S. stocks closed a holiday-shortened trading week by dropping like so many hot pennies scattered in cold snow.
Mazda CX-9

Mazda U.S. Sales Tepid in May

Mazda Motor Corporation (Tokyo: 7261) struggled in May posting U.S. sales growth of just 5.4 percent on a daily selling rate adjusted basis, however, the company's sales for the year to date remain strong compared to last year, up an adjusted 19.3 percent.

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