UNITED STATES

Dow hits 12,000 as stocks rally

IBTimes Logo
The Dow and S&P 500 closed at their highest levels since June 2008 on Tuesday and looked poised for more gains after strong earnings and signs of a surge in U.S. manufacturing.
IBTimes Logo

GM, Chrysler lead as U.S. auto sales rise

U.S. auto sales jumped by about 18 percent in January, led by gains for General Motors Co and Chrysler as the two Detroit automakers restructured by the U.S. government took share from rivals.
More news
IBTimes Logo

Sanofi values Genzyme at low $70's plus CVR-source

France's Sanofi-Aventis has agreed to raise its bid for Genzyme Corp to the low $70's per share range, plus a milestone payment based on the performance of an experimental drug, a source familiar with the situation said.
Barbara Bush

Bush’s daughter supports gay marriage

In direct defiance of her father’s policies and views, Barbara Bush, one of former President George W. Bush’s twin daughters, supports gay marriage. She has taped a video which calls for the state of New York to legalize same-sex marriage.
IBTimes Logo

UPS profit tops estimates

United Parcel Service, the world's largest package delivery company, reported a quarterly profit that beat estimates and forecast record-high profits in 2011, sending its shares up more than 4 percent.
A construction worker cuts tiles as he installs a roof on a home in a new subdivision being built in San Marcos, California

Dec construction spending lowest in 10-1/2 years

U.S. construction spending unexpectedly fell in December to touch its lowest level in nearly 10-1/2 years as investment in both public and private projects declined, suggesting the sector would continue to struggle this year as federal stimulus spending tapers off.
Marouf al-Bakhit attends a news conference after meeting Iraqi Prime Minister Nouri al-Maliki (unseen) in Baghdad

Jordan's king appoints new PM after protests

King Abdullah of Jordan, a close U.S. ally, replaced his prime minister Tuesday following protests inspired by mass demonstrations in Tunisia and Egypt, but the opposition dismissed the move as insufficient.
U.S. Vice President Joe Biden attends the daily press briefing at the White House in Washington, June 17, 2010.

US doesn't believe in democracy for Middle East : ex-CIA director

The U.S. doesn't uphold democracy in the Middle East, which is highly hypocritical given the country's explicit ideological alliance freedom, democracy, and the universal rights of people, said Robert Grenier, former director of CIA's Counter-Terrorism Center
IBTimes Logo

Sanofi talks may value Genzyme at $77/share: report

France's Sanofi-Aventis may raise its bid for U.S. biotech Genzyme Corp to about $76 or $77 per share, including a potential future payout based on the performance of an experimental drug, Bloomberg reported on Tuesday.

One million Egyptians clamour for Mubarak to go

At least one million people rallied across Egypt on Tuesday clamouring for President Hosni Mubarak to give up power, piling pressure on a leader who has towered over Middle East politics for 30 years to make way for a new era of democracy in the Arab nation.
width=684px;

When and How Gold Will Begin its Bubble

The bull market in Gold is in its 12th year (globally it began in 1999) but has yet to exhibit any bubble-like conditions. Institutional accumulation began in 2009 (e.g. Paulson, Einhorn) and we know that phase lasts at least a few years before a bull market gives birth to a bubble.
A battery engineer checks a Chevrolet Volt battery at the General Motors Global Battery Systems Lab in Warren, Michigan

Manufacturing powers ahead in January

The U.S. manufacturing sector grew at its fastest pace in nearly seven years in January, and prices paid jumped more than expected in the latest sign the economic recovery is gaining traction.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.