Cash is a “dead asset,” which earns nothing, and mergers and acquisitions (M&A) is in, said Gary Parr, vice chairman of investment bank Lazard and one of the leading authorities in the world on M&A.
Automakers in China shipped 16.2 percent more cars to dealers in January as they moved aggressively to replenish inventories that were nearly depleted after explosive sales in December.
A recent set of tests show that AT&T really is the faster iPhone network, but Verizon is slightly more reliable.
The ruler of Libya, Colonel Moammar Gadhafi, has deployed security forces throughout the country to quell further unrest in the country following the deaths of at least two dozen protesters in rallies across the count
It's too early to be sure, but signs that China's current account surplus will keep shrinking as a share of national output could draw some of the venom from the debate on global economic imbalances preoccupying the G20.
The jury deliberations in the trial of Mark Ciavarella, a former Pennsylvania judge who has been charged with racketeering, fraud, money laundering, extortion, bribery and federal tax violations, will resume on Friday.
The Bill and Melinda Gates Foundation is helping partners in China improve child vaccines, roll out faster TB detection kits and make higher-yielding rice which it hopes can be used later in other parts of the world.
It's the local battle with national implications, as Washington, in the midst of its own budget battle, has weighed in on the situation in Wisconsin that is drawing thousands of upset state workers to rally in the state's capital - many teachers included - over a proposal to eliminate some collective bargaining rights as part of the bid by the Governor to balance the state's budget immediately and make it easier to do so going forward.
China's central bank governor Zhou Xiaochuan said on Thursday that Beijing will decide the pace of the appreciation of the yuan on its own and would not take into account pressure from other countries.
Gold hit five-week highs in Europe on Friday and silver its strongest since 1980 as growing unrest in the Middle East lifted interest in precious metals, though another reserve requirement hike from China curbed gains.
Chipotle Mexican Grill Inc (CMG.N) fired about 450 workers in Minnesota after an audit by U.S. immigration officials flagged questionable worker eligibility documents, the company said in a regulatory filing on Thursday. U.S. Immigration and Customs Enforcement (ICE) audited the company's Minnesota restaurants, which led to the dismissals mentioned above.
North Carolina's Democratic governor on Thursday proposed eliminating more than 10,000 government jobs and cutting corporate taxes as part of a $19.9 billion state budget. The spending plan Governor Beverly Perdue sent to the Republican-controlled General Assembly in Raleigh is nearly $1 billion higher than the current year's spending plan
Michigan Governor Rich Snyder on Thursday unveiled a plan that includes $1.8 billion in budget cuts and seeks to replace the state's business tax with a flat 6 percent corporate income tax.
Federal Reserve Chairman Ben S. Bernanke’s prepared remarks at the Banque de France Financial Stability Review Launch Event, Paris, France, Feb. 18, 2011
Intel Corp Chief Executive Paul Otellini will be named to a panel of experts advising President Barack Obama on jobs, the White House said on Friday. Otellini will join the President's Council on Jobs and Competitiveness, created in January to focus on lifting hiring and promoting growth.
The companies whose shares are moving in pre-market trade on Friday are: Consolidated Edison, Molex, AK Steel Holding, Allergan, Jds Uniphase, Campbell Soup, PepsiCo and American International Group.
The debate over overhauling the U.S. corporate tax system will have to include whether to cut taxes on profits earned abroad, a Treasury Department official said on Thursday. Michael Mundaca, assistant Treasury secretary for tax policy, a White House point man on revamping the corporate tax code, also said that corporate tax reform could be done before individual tax reform.
Indian technology companies are now looking to hire fresh engineering graduates from American universities, as stringent immigration norms and high unemployment in the US make local hiring attractive, said a media report.
Marat Mihaylich, a native of Ukraine, has topped the list of criminals wanted by the Federal Bureau of Investigation (FBI).
U.S. stocks finished at fresh multi-year high on Thursday as improved corporate earnings and manufacturing data overshadowed a bigger than expected rise in the number of people applying for unemployment benefits.
Apple's chief executive Steve Jobs, who is rumored to have been fighting terminal cancer, attended a meeting of tech honchos with President Barack Obama in the outskirts of San Francisco City on Thursday.
Dr. Paul Beran, the Outreach Director at the Center for Middle Eastern Studies at Harvard University is a researcher, writer and teacher on civil society in the Middle East. International Business Times spoke with Beran to discuss the current unrest in the region.
