UNITED STATES

Random House sees e-book sales jumping: CEO

IBTimes Logo
Bertelsmann's Random House, the world's biggest book publisher, expects electronic books to contribute more than 10 percent of its U.S. revenue next year, its head was quoted as saying on Sunday.

Commodity Trends:India for higher farm output

IBTimes Logo
A Sub-committee on agriculture, appointed by the Prime Minister's Council on Trade and Industry, met for the first time and decided to come up with a plan to achieve higher growth in the agriculture sector through public sector involvement. The country's average farm growth in the first three years of the 11th Five-Year Plan period (2007-12) has been only 2.2 per cent, against the target of 4 per cent for the entire period. The mid-term appraisal has estimated the average growth in the sector to...
IBTimes Logo

Research to confirm if aspirin increases healthy life span

Researchers from the U.S. and Australia are joining efforts to increase the length of disability-free life of older adults, in the biggest international trial ever, called the Aspirin in Reducing Events in the Elderly (ASPREE) which is sponsored by the US National Institute on Aging (NIA).
More news
IBTimes Logo

Palladium gains as car makers smile

With a series of auto makers announcing good sales and profits this week, palladium prices soared to new heights on Friday. Palladium settled up $22.50, or 4.8 percent, at $491.20 an ounce. Palladium and platinum, which also is higher, are used in making catalytic converters for cars.
IBTimes Logo

Global Wheat prices to remain up on low output outlook

Global wheat prices are expected to remain higher due to lower output forecast by International Grain Council (IGC) and the UN's Food and Agriculture Organization (FAO). IGC has revised the global wheat forecast lower by 1.9% for the 2010-11 to 651 million metric tons due to the output losses in parts of Black Sea regions, such as EU and Canada.
IBTimes Logo

Oil, gold end higher on rising investor confidence

Global oil and gold prices ended the week on a positive note mainly on rising investor confidence despite highly volatile market conditions. New York's main contract, light sweet crude for delivery in September, rose 59 cents to close at $78.95 dollars per barrel.
IBTimes Logo

Jobs data, earnings latest test for stocks

U.S. stocks are unlikely to break above a key technical level next week unless monthly jobs data and consumer company results paint a more promising picture of the recovery.
IBTimes Logo

Imports slow Q2 growth as business spending surges

U.S. economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.
IBTimes Logo

Wall Street marks best month in a year in July

U.S. stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of poor economic data.
IBTimes Logo

Imports slow second-quarter growth

Economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.
IBTimes Logo

Chevron earnings triple

Chevron Corp, the second-largest U.S. oil company, posted three-fold profit growth that beat estimates as refinery margins improved, and raised its 2010 oil and gas production growth target to 3 percent.
IBTimes Logo

International Community Presses Juba, Khartoum On Sudan Referendum

The international community is pressuring the Juba and Khartoum governments to speed up preparation for a vote on South Sudan's future - a decision that will be dominated by the fate of coveted oil resources -- but an expert on the African country criticizes the lack of understanding about Sudan.
IBTimes Logo

Fannie Mae portfolio grows, delinquencies decline

Fannie Mae expanded its mortgage portfolio in June, while the rate of late payments on loans it guarantees fell in May to the lowest level this year, the largest U.S. home loan purchaser said on Friday.
IBTimes Logo

Consumer sentiment sags to lowest since November

Consumer sentiment plunged in July to its lowest level in 9 months on bleak prospects for jobs and income a year since the economic recovery began, a private survey released on Friday showed.
IBTimes Logo

Pregnancy-related diabetes likely to recur

Pregnant women with a history of pregnancy-related diabetes, also called gestational diabetes, have a good chance of developing the condition again, suggests a large new study.
IBTimes Logo

Wall Street falls on GDP and earnings

Wall Street stocks fell on Friday after weak economic growth figures for the second quarter and disappointing earnings from Merck painted an uncertain outlook for the rest of the year.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.