UNITED STATES

Western U.S., Canada go own way on carbon trading

IBTimes Logo
As U.S. prospects for a national climate change bill fade, five U.S. states and Canadian provinces are on track to start a cap-and-trade market for carbon dioxide in 2012, say officials who see fading federal momentum boosting regional efforts.

Obama to tap Yellen for Fed vice chair: source

IBTimes Logo
President Barack Obama plans to nominate San Francisco Federal Reserve Bank President Janet Yellen, a respected policy dove, to be vice chairman of the central bank, a source familiar with the process said on Thursday.
IBTimes Logo

New York's Ground Zero workers reach deal on claims

Thousands of workers who suffered health problems after the September 11 attacks in 2001 have reached a settlement worth up to $657.5 million with an insurer representing the city of New York, city officials and lawyers said on Thursday.
More news
IBTimes Logo

Leave yuan to us, China tells Obama

The United States should not make a political issue out of the yuan, a Chinese central banker said on Friday, as the two countries lurched toward a potential bust-up over Beijing's currency regime.
IBTimes Logo

LG Display to spend $1.3billion to up output

Flat-screen maker LG Display will spend $1.3 billion to raise output and help meet robust customer demand and is betting on booming premium LCD TV sales to drive strong growth this year.
IBTimes Logo

Yara says will not raise Terra offer

Norway's Yara International said on Friday it would not raise its offer for Terra Industries to match or exceed a rival bid from CF Industries Holdings Inc .
IBTimes Logo

Stock futures mixed ahead of retail sales data

Stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 up 0.4 percent, Dow Jones futures down 0.01 percent and Nasdaq 100 futures up 0.01 percent.
IBTimes Logo

Examiner sees accounting gimmicks in Lehman demise

Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found.
IBTimes Logo

Examiner sees gimmicks in Lehman demise

Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found.
IBTimes Logo

EADS to cut bonuses, not jobs after A400M: exec

Top executives at aerospace group EADS will see their bonuses hit after the cost debacle surrounding the delayed A400M military transport aircraft, but staff will mostly be spared, its top personnel executive said on Thursday.
IBTimes Logo

Carbon traders fear pink slips

Wall Street was supposed to become the capital of a global carbon trading market worth a trillion dollars a year but now many who thought green trading desks would be the next big thing are fearing the pink slip.
IBTimes Logo

Bank reform talks fail, Dodd to go solo

Chances of a broad overhaul of U.S. financial regulation dimmed on Thursday after bipartisan Senate talks collapsed, jeopardizing a top Obama administration priority and boosting bank share prices.
IBTimes Logo

Lehman insolvent weeks before bankruptcy: examiner

Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, a court-appointed examiner said, but he did not find extensive wrongdoing.
IBTimes Logo

Macy's sees no harm from General Growth-Simon deal

Macy's Inc would see only minimal impact from a purchase of bankrupt General Growth Properties Inc by its larger rival, Simon Property Group Inc, said Terry Lundgren, chief executive officer of the department store chain.
IBTimes Logo

S&P 500 closes near 2010 high on Citigroup

The S&P 500 gained 4.63 points, or 0.40 percent, to close at 1,150.24, below the 2010 intraday high of 1,150.45 and slightly above the closing high of 1,150.23, both made on January 15.
IBTimes Logo

Jobless claims fall, trade gap narrows on oil

The number of U.S. workers filing new claims for unemployment benefits fell only slightly last week, indicating a sluggish return to jobs growth. The U.S. trade gap shrank as oil imports fell.
IBTimes Logo

Citigroup sees return to sustained profitability

Citigroup Inc Chief Executive Vikram Pandit told investors on Thursday the bank is on track to return to sustained profitability and losses from some of its worst assets should be manageable if the economy does not deteriorate.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.