UNITED STATES

Facebook to close U.S. prison inmate accounts

IBTimes Logo
Facebook has begun closing the accounts of California prison inmates after a convicted child molester viewed the pages of his victim from behind bars, authorities and the social networking site said.
IBTimes Logo

Hong Kong exchange trading disrupted as hackers target

The Hong Kong stock exchange was forced to suspend trading in stocks including HSBC Holdings after hackers broke into the exchange's website on Wednesday, preventing investors from accessing company announcements made during the midday break.
More news
Droid Bionic

Samsung's Celox 4G LTE Matches Droid Bionic Features to the Hilt

While Motorola was basking in the buzz that has been created around its upcoming Android device, the Droid Bionic, Samsung has thrown down the gauntlet in the 4G race, with rumors of a 4G LTE Samsung Galaxy look-alike Android phone called, the Celox, doing rounds in Korea.
IBTimes Logo

Fed to keep US rates low for 2 years, stocks jump

The U.S. Federal Reserve on Tuesday took the unprecedented step of promising to keep interest rates near zero for at least two more years and said it would consider further steps to help growth, sparking a rebound in stocks.
IBTimes Logo

Prosecutors seek as much as 24-1/2 years for Rajaratnam

Prosecutors asked a federal judge to sentence Raj Rajaratnam to as much as 24-1/2 years in prison, calling the Galleon Group hedge fund founder arguably the most egregious violator of insider trading laws ever to be caught.
IBTimes Logo

Toshiba: chip business could fall short of forecast

Toshiba Corp, the world's No.2 maker of flash memory, on Wednesday warned that profits in its chip business could fall short of expectations, citing weak PC sales, faltering U.S. and European economies and a higher yen.
IBTimes Logo

U.S. stock futures signal dip as rally fizzles out

Stock index futures pointed to a lower open on Wall Street on Wednesday following the previous session's rally, with futures for the S&P 500 down 1.0 percent, Dow Jones futures down 0.9 percent and Nasdaq 100 futures down 0.9 percent at 4:33 a.m. EDT.
IBTimes Logo

S&P balks at SEC proposal to reveal rating errors

Standard & Poor's, whose unprecedented downgrade of U.S. debt triggered a worldwide stocks sell-off, is pushing back against a U.S. government proposal that would require credit raters to disclose significant errors in how they calculate their ratings.
IBTimes Logo

Stock futures fall after snap-back rally

Stock index futures fell on Wednesday after a sharp snap-back rally in the last session and as investor fears about the economy and high levels of public debt looked set to generate more volatile trading.
U.S. Stock Market

U.S. Stock Market: Who Is In Charge Now -- Bulls or Bears?

To say it's been an unsettling time for U.S. stock investors would be an understatement. The Dow has been on a wild ride, with plunges followed by sudden reversals. Look for market choppiness to continue until investors determine whether the Fed's latest monetary policy decision -- low interest rates for two years -- will be enough to rev-up U.S. GDP growth.
A gold bar carrying the Euro sign is seen during the European Central Bank's Euro Exhibition organised by the Romania's Central Bank in Bucharest

Gold price hovers around record high in Asian trading

Gold held steady Wednesday, hovering near a lifetime high around $1,778 an ounce struck in the previous session, but further gains could be capped by a rebound in equities after the U.S. Federal Reserve's vow to keep rates near zero.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.