COMPANIES

Chief Executive of Tata Consultancy Services Chandrasekaran and Chief Financial Officer Mahalingam attend a news conference to announce the company's Q4 results in Mumbai

TCS Sees Opportunities Amid Downturn

Outsourcing leader Tata Consultancy Services (TCS) sees opportunity as corporate customers embrace new technology, although a poor economy means that overall spending in the United States and Europe will stay weak.

UBS Chief's Message to Board: Stick with 'Integrated' Bank

Swiss bank UBS CEO Oswald Gruebel attends his company's second quarter 2011 results news conference in Zurich
UBS CEO Oswald Gruebel will stress to the board of directors that he wants the investment bank to remain part of Swiss bank's "integrated banking model" in meetings on Thursday and Friday, sources said, after rogue trading cost the bank $2.3 billion.
A Lennar model home is open for customers in a new neighborhood in the Denver suburb of Thornton

Buying frenzy Lawsuit vs Homebuilders Revived

A federal appeals court revived a lawsuit by homeowners who accused eight major homebuilders of causing them to overpay for their homes by marketing nearby houses to high-risk borrowers who later went into foreclosure.
More news
Clinton

Clinton Trumpets Green Investments to Create Jobs

Investments in energy-saving building retrofits and clean-energy projects can create hundreds of thousands of jobs and bolster the U.S. economy, former U.S. President Bill Clinton said on Tuesday.
Starbucks

Starbucks in Trouble Again With Hidden Bathroom Camera; Father Sues for $1M

So how comfortable are we going to be using public rest rooms after getting to know about something like this? Starbucks might soon be paying a heavy price once again for another hidden camera affair. William Yockey, from Virginia is suing Starbucks after his 5-year-old daughter found a spy cam in one of its bathrooms in Washington, D.C. This is at least the third such incident reported this year for the coffee chain, ABC news reported.
Col. Belote and Vander Leest walk through array of solar photovoltaic panels at Nellis Air Force Base in Las Vegas

US PV Solar Installations Up 17 pct in 2nd Quarter

Second-quarter U.S. installations of photovoltaic solar panels rose 17 percent from the previous quarter as increases in nonresidential and utility-scale projects offset a weakened residential solar market.
Swiss bank UBS CEO Oswald Gruebel

UBS Boss Seeks Board Vote of Confidence: Report

UBS AG Chief Executive Oswald Gruebel will seek a vote of confidence at a board meeting in Singapore for plans to slash the investment banking division that caused a $2.3 billion loss due to unauthorized trading, a Swiss newspaper reported on Tuesday.
Chinese one yuan coins are placed on 100 yuan banknotes in this illustrative photograph taken in Beijing December 30, 2010.

Bank of China Reported Halting FX Swaps with some European Banks

Bank of China, a big market-maker in China's onshore foreign exchange market, has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe, three sources with direct knowledge of the matter told Reuters on Tuesday.
Netflix's Chief Executive Officer Reed Hastings speaks during an interview with Reuters in Buenos Aires. Reuters/Enrique Marcarian

Netflix Stock Falls After Qwikster Split

Netflix (NFLX) stock fell another 7.4 percent, to $143.75, Monday, on the same day that chief executive Reed Hastings announced the DVD-by-mail business that defined the company will become a separate service called Qwikster.
U.S. Gas Prices

Gas Prices: Finally, Some Relief at the Pump for U.S. Motorists

Finally, there's some good news for U.S. motorists. Gas prices, down about 10 cents per gallon in the past month to an average of $3.60 per gallon for regular unleaded, are likely to continue to decline, assuming no oil disruptions from major oil producers or a large storm in the Gulf of Mexico.
IBTimes Logo

China's Sany Heavy to raise $3.33 bln in HK offer

Sany Heavy Industry Co Ltd , China's largest construction machinery maker, could raise up to $3.33 billion in the second biggest stock offering this year in Hong Kong, braving volatile markets to raise funds for expansion of its factories.
China company structure under threat

China company structure under threat

China's securities regulator is asking the government to clamp down on the controversial corporate structure used by companies such as Sina (SINA.O) and Baidu (BIDU.O) to list overseas, and employed in thousands of other investments by foreigners into domestic Chinese companies, four legal sources told Reuters.
IBTimes Logo

Occupy Wall Street: Protests Continue on Day 2

Wall Street was blocked off by the New York City Police Department for a second day in a row as demonstration organizers targeting Wall Street financial firms tried to keep up protests.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.