UNITED STATES

Rio Tinto says still keen to work with Chinalco

IBTimes Logo
Rio Tinto Ltd/Plc, the world's second-largest iron ore miner, is still keen to work with China's state-owned Chinalco and both companies have held talks recently, Rio CEO Tom Albanese said on Tuesday.

Tandberg shareholders snub Cisco offer

IBTimes Logo
Cisco Systems, the largest U.S. network equipment maker, said investors holding 9.37 percent of Norwegian videoconferencing company Tandberg's shares had accepted its tender offer.
IBTimes Logo

Merkel says GM has to pay most Opel revamp costs

German Chancellor Merkel urged General Motors to quickly present a restructuring plan for its European unit Opel and said the U.S. automaker should not count on governments to shoulder most of the overhaul costs.
More news
IBTimes Logo

Mercedes-Benz US CEO sees better sales ahead

Daimler AG's Mercedes-Benz premium auto division expects year-on-year U.S. sales growth in the next few months and the potential to increase its U.S. market share next year, U.S. Chief Executive Ernst Lieb said on Monday.
IBTimes Logo

Consumer confidence eases in November: IBD

U.S. consumer confidence edged only slightly lower in November after a sharp drop in October, indicating that the upcoming holiday shopping season could see better consumer spending, a research group said on Tuesday.
IBTimes Logo

Pakistani Taliban vow tough guerrilla war

Pakistani Taliban militants vowed to fight a tough, protracted guerrilla war against the army on Tuesday as a suicide car-bomber killed up to 20 people in a northwestern town, police said.
IBTimes Logo

AIG likely to be able to repay government-Moody's

American International Group Inc has made tangible progress on its restructuring plan and will likely be able to repay the government's loan and much of its preferred equity stake, Moody's Investors Service said on Monday.
IBTimes Logo

InterContinental warns trading still challenging

InterContinental Hotels, the world's biggest hotelier, said it was too early to forecast a recovery as trading conditions remained challenging after posting a 19 percent fall in third-quarter operating profit.
IBTimes Logo

Barclays, HSBC signal bad debts may have peaked

Britain's top two banks, HSBC and Barclays , signaled bad debts may be past their peak, with HSBC declaring on Tuesday the first improvement for three years in losses on U.S. consumer credit.
IBTimes Logo

Two Koreas in brief naval clash, vessels hit

Navies from the rival Koreas exchanged gunfire for the first time in seven years on Tuesday, damaging vessels on both sides and raising tension just days before President Barack Obama travels to Asia.
IBTimes Logo

Obama to visit Asia as domestic issues smolder

Barack Obama this week makes his first trip to Asia as president, leaving behind a host of domestic problems with a visit that recognizes the region's economic and diplomatic importance to the United States.
IBTimes Logo

Eager fans greet Call of Duty game launch

Activision Blizzard Inc's hugely anticipated Call of Duty: Modern Warfare 2 videogame went on sale early Tuesday morning, welcomed by eager fans who lined up hours in advance of the release.
IBTimes Logo

Climate deal to prevent doubling of energy bills

A climate change deal is needed not just to ward off global warming, but to ensure a shift from increasingly costly fossil fuels that could lead to a doubling of energy bills, the IEA's chief economist said on Tuesday.
IBTimes Logo

Indonesia says delay in LNG talks with KOGAS

Talks between Indonesia and Korea Gas Corp over liquefied natural gas (LNG) shipments have been temporarily halted, which may delay deliveries, an official at Indonesia's energy watchdog said on Tuesday.
IBTimes Logo

Oil falls to near $79 as hurricane weakens

Oil prices fell slightly on Tuesday but held above $79 a barrel as the dollar weakened, gold stayed strong and a late-season hurricane subsided in the Gulf of Mexico.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.