COMPANIES

IBTimes Logo

CCB shares up after BofA cuts stake; Temasek buy

Hong Kong-listed shares of China Construction Bank Corp rose more than 4 percent on Tuesday after Bank of America Corp said it will sell about half of its 10 percent stake in the Chinese lender, providing relief to investors by removing uncertainty surrounding the stake.

Want a Free Breakfast From Chick-fil-A? Get One Here

Chick-fil-A
Chik-fil-A is offering free breakfast for a limited time, if customers go online to sign up and print out the invitation. But it might require some patience, since the fast food chain has had so much online response that the company's Web site was down Tuesday morning.
More news
Traders work on the floor of the New York Stock Exchange

Futures Off After Rally

Stock index futures fell on Tuesday after equities rose nearly 8 percent in the past five sessions as investors cautiously awaited a batch of data for a better assessment on the state of the economy.
Solar panels are seen in the parking lot of 1929 building Walter J Towers, near downtown Los Angeles, California

U.S. solar industry was net exporter in 2010

The United States was a net exporter of solar energy products last year, thanks to strong demand from China, Germany and Japan for U.S.-made polysilicon and capital equipment used to make solar panels.
IBTimes Logo

China PV firm sets IPO price at 50 times earnings

Chinese photovoltaic equipment maker Beijing Jingyuntong Technology has set an initial public offering price at 50 times its historic earnings, boosted by demand from the country's push for solar energy.
IBTimes Logo

Air China gets green light on fuel hedging

Air China , the country's flag carrier, said on Monday that it had won regulatory approval to engage in fuel hedging, adding it will enter contracts when oil price volatility decreases.
HP TouchPad

HP $99 TouchPad Only Scratched the Surface: 5 Reasons Amazon's New Tablet Will Tackle iPad

Amazon is preparing to take on Apple's iPad in a head-to-head battle that promises to get interesting soon -- as soon as Amazon launches its new tablet, possibly as early as October. If you thought the discontinued TouchPad's brief success as a $99 fire sale product as the first realistic competitor to Apple's iPad was interesting, you haven't seen anything yet. Amazon has shown the company can be successful with a mass consumer tablet-like product -- the Kindle e-reader.
Stock Market

3 Dividend-Plus-Growth U.S. Stocks for Squeamish Investors

With U.S. job growth sluggish, renewed European debt concerns, and now the damage caused by Hurricane Irene, it’s not surprising that cautious investors are reluctant to deploy additional capital to stocks. However, one moderate-risk way to commit new money to equities is to consider stocks that also pay a decent dividend, and here are three options.
IBTimes Logo

LDK Solar sees price recovery in second half

LDK Solar Co Ltd suffered a quarterly loss as a sharp drop in solar wafer prices forced it to write down millions of dollars in inventories, but forecast revenue for the current quarter above estimates on stabilizing prices.

Zynga Delays IPO

Social gaming company Zynga is delaying its IPO, according to a report.
Tim Cook - CEO

Apple Locks in New CEO Tim Cook Through 2021

Apple's board of directors has moved to lock in new CEO Tim Cook through mid-2021 by awarding him one million share of company stock. Cook is replacing long-time co-founder and CEO Steve Jobs, who announced his retirement last week. In connection with Mr. Cook's appointment as Chief Executive Officer, the Board awarded Mr. Cook 1,000,000 restricted stock units, Apple said in a filing with the Securities and Exchange Commission (SEC).
IBTimes Logo

Goldman Faces Myriad Legal Challenges

Conventional wisdom in legal circles has long held that Goldman Sachs (GS.N) might escape further large fines or criminal charges for its role in the 2007-2009 financial crisis after reaching a $550 million settlement with securities regulators in July 2010.
International Monetary Fund (IMF) Managing Director Christine Lagarde

'Act now' to Save Global Recovery, IMF Chief Urges

The new head of the IMF on Saturday called on global policymakers to pursue urgent action, including forcing European banks to bulk up their capital, to prevent a descent into a renewed world recession.
Pedestrians walk past a Bank of America sign on the street in New York

Bank of America may sell CCB shares by next week

The Bank of America (BAC.N) is completing plans to sell over half of its shares in the China Construction Bank (0939.HK), with a group of Asian and Middle Eastern sovereign wealth funds negotiating to buy, the New York Times reported on Saturday.
People shop for supplies to weather approaching Hurricane Irene at a Home Depot store in Freeport on Long Island

Home Depot, Walmart, Grocers Get Boost from Irene

Hurricane Irene sent East Coast shoppers into stores to stock up on essentials this week, instead of the clothes, notebooks and other supplies that retailers were counting on selling as children get ready to go back to school.
Tourists, Surfers, Beachgoers Enjoy their Last Bit on U.S. East Coast Ahead of Irene

Irene Losses Already Up to $1.1 Bln, More to Come

Hurricane Irene caused as much as $1.1 billion in insured losses in the Caribbean, catastrophe modeling company AIR Worldwide said on Friday, with more expected to come as the storm heads for the U.S. Northeast.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.