COMPANIES

U.S. solar industry was net exporter in 2010

Solar panels are seen in the parking lot of 1929 building Walter J Towers, near downtown Los Angeles, California
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.
More news
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.
IBTimes Logo

China's Shaanxi Coal plans $2.7 bln IPO

Shaanxi Coal Industry plans an initial public offering in Shanghai to raise as much as 17.3 billion yuan ($2.7 billion) in what could be mainland China's biggest IPO this year.
IBTimes Logo

VW group to sell more than 2 mln cars in China in 2011

Volkswagen AG (VOWG_p.DE) plans to sell more than 2 million vehicles this year in China, its single biggest market, it said on Friday after celebrating the 20th anniversary of the founding of a joint venture with China's First Automotive Works (FAW).
IBTimes Logo

Lion to launch China's first oil & gas QDII fund

China's Lion Fund Management Co will launch next week the country's first mutual fund that invests in overseas oil and gas-related assets, as Chinese money managers step up innovation to woo investors haunted by inflation concerns.
Biden

Biden: More US Stimulus Needed, Business Mad at S&P

U.S. Vice President Joe Biden said on Friday the U.S. economy needed more stimulus to get it moving, putting in a plug for government measures shortly before the White House unveils new proposals to boost job growth.
Steve Jobs

After Steve Jobs, Will Apple Still be Apple?

Steve Jobs announced his resignation from Apple on Aug. 24. Tim Cook, who was the company's Chief Operating Officer and had been assuming Jobs' role in his absence, has been handed over the reins.
Apple Chief Executive Steve Jobs smiles after the Apple's music-themed September media event in San Francisco, California

Steve Jobs Resigns: Was Jobs to Apple What Sam Walton Was to Wal-Mart?

The news Apple's Steve Jobs Resigns this week caused many to ponder if the high-flying tech company will ever be the same. So far, the company's stock hasn't taken a downward hit after Wednesday's news, but one only need to look at another legendary leader and company example for the answer. It's likely that Steve Jobs was to Apple what Sam Walton was to Wal-Mart. Both were company founders with product impact on company cultures. Both, also, were unique leaders, who perha...
Warren Buffett

Warren Buffett: Altruistic Defender of American Icons or Shrewd Profit Seeker?

Legendary investor Warren Buffett made a phone call to Bank of America CEO Brian T. Moynihan on Aug. 24 and offered to invest a staggering $5 billion in the bank. The Bank of America shares had been in doldrums amid questions over its liquidity situation and rumors that it would need a massive capital injection.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.