UNITED STATES

A Bank of America customer leaves a banking branch in Charlotte, North Carolina

Regulators Warn BofA to Strengthen: Report

U.S. regulators have informed Bank of America's board that the company could face public enforcement action if they aren't satisfied with recent steps taken to strengthen the bank, The Wall Street Journal said, citing people familiar with the situation.

Short-Seller Report Batters China's Focus Media

IBTimes Logo
Focus Media Holding Ltd , a U.S.-listed Chinese company, said a short-seller's report accusing it of overstating its assets was completely untrue, and it would make a statement refuting the allegations before U.S. markets open on Tuesday.

BofA warned by regulators to get stronger: report

IBTimes Logo
U.S. regulators have informed Bank of America's board that the company could face public enforcement action if they are not satisfied with recent steps taken to strengthen the bank, the Wall Street Journal said, citing people familiar with the situation.
More news
IBTimes Logo

AT&T investigates security breach attempt

AT&T Inc, the No. 2 U.S. mobile provider, said it is investigating an organized and systemic attempt to access wireless customers' information but that it did not believe any accounts were breached.
IBTimes Logo

Alleghany to buy Transatlantic for $3.4 billion

U.S. property and casualty insurer Alleghany Corp said on Monday it would buy reinsurer Transatlantic Holdings Inc for $3.4 billion in cash and stock -- though a sharp drop in Alleghany shares meant a separate, hostile bid for Transatlantic was at least temporarily more valuable.
Clouds pass over Capitol Hill in Washington

Super Committee Chairs Announce Deadlock

The members of the super committee officially announced a failure to reach a deal on cutting at least a $1.2 trillion hole in the federal budget deficit, ahead of its official Nov. 23 deadline. The move has sent lawmakers searching for a new plan and ways to dodge blame.
An attendee plays the PlayStation Move video game "Resistance 3" during the Electronic Entertainment Expo or E3 in Los Angeles

Video game deals to steal Black Friday spotlight

Retailers are saving some of their deepest discounts on Black Friday for video game products, with large chains Wal-Mart and Best Buy putting some rock-bottom prices tags on hot games to lure shoppers into stores.
IBTimes Logo

Focus Media plunges after Muddy Waters charges

U.S.-listed shares of Focus Media Holding Ltd plunged to multiyear lows on Monday after short-selling firm Muddy Waters accused the company of significant overstatement of the number of screens in its LCD network, among other charges.
IBTimes Logo

GE opening first offices in Iraq

General Electric Co is opening its first offices in Iraq, in the cities of Baghdad, Basra and Arbil, part of the largest U.S. conglomerate's effort to boost its presence in the resource-rich Middle East.
An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton

S.Africa stocks book biggest drop in 7 weeks

South African stocks posted their biggest one-day drop in seven weeks on Monday, tumbling 2.5 percent as concerns about debt burdens in the United States and Europe sparked a sell-off in resources firms and others sensitive to global growth.
Libya"s interim prime minister Abdul Raheem al-Keeb

Libya Will Have New Government on Tuesday: PM

Libya's prime minister-designate said on Monday he was ready to name a government to steer the country to its first fully democratic elections but gave no details of a line-up that may involve a delicate power balance in a fragile new state.
IBTimes Logo

October existing home sales rise 1.4 percent

U.S. existing home sales unexpectedly rose in October as low interest rates for mortgages and rising rents led more homebuyers into the market, the National Association of Realtors said on Monday.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.