UNITED STATES

IBTimes Logo

Tech earnings look strong, but may not satisfy

Investors are expecting strong quarterly results from major U.S. technology companies over the next few weeks, but a stronger dollar and elevated expectations could mute any effects on stocks.

Lehman to court: Barclays received secret discount

IBTimes Logo
Lehman Brothers Holdings Inc told a U.S. bankruptcy judge on Friday that Barclays Plc should be forced to return certain assets it received in its 2008 acquisition of Lehman's core U.S. brokerage, because Barclays arranged a secret $5 billion discount.

Activision countersues former executives

IBTimes Logo
Activision Blizzard Inc has countersued two former executives, charging them with attempting to hijack the company's assets and threatening the future of its blockbuster Call of Duty video game franchise.
More news
IBTimes Logo

Constellation Brands outlook weak; shares dip

Constellation Brands Inc forecast full-year results below Wall Street estimates, reflecting its concerns about lackluster consumer spending on its alcoholic drinks and a frayed joint venture with Mexico's Grupo Modelo, sending shares down 4.6 percent.
IBTimes Logo

Aetna halting Medicare enrollment over sanctions

Aetna Inc is suspending marketing to and enrollment of new members to its Medicare plans for the elderly because of sanctions imposed by the U.S. government, the health insurer said on Friday.
IBTimes Logo

Wholesale inventories, sales rise in Feb

Wholesale inventories rose more than expected in February and sales climbed to their highest level since October 2008, according to a government report on Friday that pointed to manufacturing strength.
IBTimes Logo

Energy pumps Wall St up, Greece aid eyed

Energy shares drove U.S. stocks higher on Friday as India's largest listed company will form a joint venture with independent gas company Atlas Energy, while conflicting news on debt-laden Greece kept a lid on gains.
IBTimes Logo

Electric cars not boom yet for battery makers

Switzerland-based FZ Sonick SA favours energy storage over private electric vehicles to provide the boom market for salt battery production, the recently formed company's managing director said on Thursday.
IBTimes Logo

McDonald's 2009 CEO pay jumped on performance bonus

McDonald's Corp Chief Executive Jim Skinner received 2009 compensation of $17.6 million, more than double his 2007 pay, largely fueled by a performance-related bonus paid out every three years, the company said on Friday.
IBTimes Logo

UBS faces turbulent shareholder meeting

Swiss banking giant UBS faces a turbulent shareholder meeting as activist investors prepare to reject the bank's bonus scheme, as well as plans to discharge former executives from responsibilities in the credit crisis.
IBTimes Logo

Wall St rises on Greece aid hope, energy

Stocks rose on Friday, led by a rise in energy shares, as the U.S. dollar retreated against the euro amid speculation that debt-laden Greece would grab a financial lifeline.
IBTimes Logo

Modest job gains soften rate hike expectations

Fewer Canadians returned to work in March than expected, but the three-month hiring trend was the strongest since the financial crisis intensified in the autumn of 2008, suggesting the recovery is entrenched.
IBTimes Logo

Massey to up coal output at other mines after blast

Coal miner Massey Energy Co , owner of the Upper Big Branch mine where at least 25 miners died in a blast this week, said it was working to increase production at its other mines to mitigate losses at UBB.
IBTimes Logo

U.S. sugar group says sugar not to blame for obesity

(Reuters) - Sugar is being unfairly blamed for obesity problems in the United States at a time when per capita consumption of sweeteners has declined over the past decade, the head of an industry group complained on Wednesday.
IBTimes Logo

States not using new tobacco tax for prevention

(Reuters) - Fourteen states and the District of Columbia raised cigarette taxes in 2009, but none of the new money went to programs to cut smoking and prevent tobacco-related disease, U.S. health officials said on Thursday.
IBTimes Logo

Nokia buys location technology firm MetaCarta

The world's largest cellphone maker Nokia said on Friday it had bought U.S. geographic technology firm MetaCarta, as a part of its strategy to offer local navigation services to its customers.
IBTimes Logo

Constellation Brands beats Street but outlook weak

Alcoholic drinks maker Constellation Brands Inc reported a higher than expected quarterly adjusted profit on Friday, as higher wine and vodka sales made up for weak imported beer sales, but forecast full-year earnings that would fall short of Wall Street estimates.
IBTimes Logo

Just a minute with: Dr. Dre, rapper, entrepreneur

For almost three decades Dr. Dre has been a trendsetter in the U.S. music industry, through his recordings with gangsta rappers N.W.A. and later as a producer and record executive who helped launch the careers of Eminem, Snoop Dogg and 50 Cent.
IBTimes Logo

Ex-CEO blames Fannie Mae failure on hybrid status

Fannie Mae did not abandon its goals of increasing homeownership for poorer Americans in pursuit of higher profits, as some have alleged, said Daniel Mudd, the chief executive of the company who was ousted by the government in 2008.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.