UNITED STATES

FedEx Profit Beats Street

Handlers scan and affix a courier route label onto packages moving down the belt at the Marina Del Rey, California FedEx station
FedEx Corp. reported a higher-than-expected quarterly profit and said it is buying 27 new Boeing aircraft to update its fleet for fuel efficiency and cost savings.

Jobless claims drop to 3.5 year low

IBTimes Logo
New U.S. claims for unemployment benefits dropped to a 3-1/2 year low last week, a government report showed on Thursday, suggesting the labor market
More news
IBTimes Logo

Weather and worry hit H&M sales again

Swedish fashion group Hennez & Mauritz (H&M) posted a third straight monthly fall in sales at established stores in November as economic woes and unusually warm autumn weather across its main markets kept customers away from the shops.
Google Inc.

Facebook, Google and Apple among Top 10 Places to Work: Survey

Glassdoor, a jobs and career community where employees can anonymously rate companies and chief executive officers, has released its fourth annual Employees' Choice Awards, which lists the 50 best places to work, based on surveys collected from U.S. employees through 2011.
Traders work on the floor of the New York Stock Exchange

U.S. Stock Index Futures Signal Early Rebound

Stock index futures pointed to a higher open on Wall Street Thursday, with futures for the S&P 500 up 0.3 percent, Dow Jones futures up 0.5 percent and Nasdaq 100 futures up 0.5 percent at 0906 GMT.
IBTimes Logo

H&M same-store sales fall for third month in November

Swedish fashion group Hennez & Mauritz (H&M) posted a third straight monthly fall in sales at established stores in November as economic woes and unusually warm autumn weather across its main markets kept customers away from the shops.
A promotional woman shows a Sony's PlayStation Vita handheld gaming device at Tokyo Game Show in Chiba

Sony Hopes for Vita Cheer, Feels Fitch Heat

Into just his fourth month as head of Sony's videogames unit, Welshman Andrew House has to plot a much-needed success story for the new PlayStation Vita handheld games device, negotiating a minefield of consumer gloom and competition from smartphones and tablet PCs such as Apple Inc's iPhone and iPad.
IBTimes Logo

Foreign investment in China down first time in 28 months

China's economic growth could be slowing further as data on Thursday showed the first year-on-year drop in foreign direct investment in 28 months and a fresh fall in new orders signaled a further contraction in factory activity.
IBTimes Logo

Euro steady, focus on Switzerland and Spain

The euro steadied just off new 11-month lows on Thursday, with eyes fixed on a Swiss National Bank meeting to consider its campaign of currency intervention while a Spanish bond auction will offer more signs on the depth of Europe's debt crisis.
IBTimes Logo

SEC looking to appeal blocked Citigroup settlement: report

Enforcement staff of the Securities and Exchange Commission may request the commissioners leading the agency that they appeal last month's rejection by a U.S. district judge of a proposed $285 million settlement with Citigroup, the Wall Street Journal said, citing people familiar with the matter.
Sony's PlayStation 3

Sony Stands by PS3 Sales Target for 2011/12

Sony Corp said it was keeping to its target to sell 15 million PlayStation 3 game machines in the year to end-March, even as a long-running debt crisis grips Europe, one of the Japanese electronics group's most important markets.
Nokia Lumia 710

Nokia Lumia 710 to be Available in U.S. for $49

Nokia is back with a bang in the smartphone market. The Finnish cellphone manufacturer and T-Mobile announced Wednesday that the Lumia 710 will be retailed at $49.99 on a two-year contract, starting Jan. 11.
Gold

Gold Plunges to its Lowest Level Since September

Spot gold weakened further on Thursday after dropping 3.5 percent in the previous session, as investors remained nervous about the eurozone debt crisis amid the year-end rush to liquidate positions.
IBTimes Logo

Holiday retail sales look brighter than before

An influential retail trade group raised its forecast for U.S. holiday retail sales on Thursday, citing strong results in November and expectations that consumers still have more shopping to do.
IBTimes Logo

China FDI flows stumble in November as U.S. drags

Foreign direct investment growth in China fell year-on-year for the first time in 28 months, with November's $8.8 billion of commitments down 9.8 percent and hurt by a sharp drop in inflows from the United States, Commerce Ministry data showed Thursday.
IBTimes Logo

Top 10 Economic Predictions for 2012 from IHS

Economic growth across the world will slow in 2012 due to the problematic combination of private-sector deleveraging, public-sector austerity and the lack of confidence in political leaders' ability to navigate these situations according to IHS, a leading macro-economic consultancy.
IBTimes Logo

European Debt Woes Prompt Year-End Flight from Risk in Asia

Asian shares fell into bear market territory for the year and commodities and the euro nursed stinging losses Thursday, after fears that Europe's debt crisis is still worsening prompted investors to dump riskier assets and huddle in the safety of the dollar and Treasuries.
Co-founders of Snap Interactive Darrell Lerner (left) and Cliff Lerner (right)

Snap Interactive's Facebook Gamble Pays Off

Fifty-five-million and counting. That's the number of people looking for love, and they're doing so through Are You Interested?, the second-most popular Facebook app, made by the development team at Snap Interactive. Are You Interested? has been one of the most popular apps on Facebook Platform since 2007, when Facebook first released their application platform to developers, and the dating service is showing no signs of slowing down anytime soon.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.