UNITED STATES

Short sale battles weigh on U.S. housing recovery

IBTimes Logo
Home equity lenders faced with losses from the U.S. property slump are holding out for more money in distressed sales, slowing transactions needed to support a recovery, real estate agents and analysts say.

ADP profit beats estimates as costs decline

IBTimes Logo
Automatic Data Processing Inc posted higher-than-expected quarterly earnings on Wednesday as the world's largest payroll processing company cut costs to offset lower sales.
IBTimes Logo

G20 to look at how to unwind stimulus-U.S.'s Wolin

Finance chiefs from the Group of 20 will discuss eventually unwinding emergency economic stimulus packages introduced over the last year, U.S. Deputy Treasury Secretary Neal Wolin said on Wednesday.
More news
IBTimes Logo

Clinton says Israel settlement activity illegitimate

U.S. Secretary of State Hillary Clinton said on Wednesday that Washington does not accept Israeli settlement activity as legitimate but believes that resuming peace talks is the quickest way to achieve a freeze.
IBTimes Logo

Italy convicts former CIA agents in renditions trial

An Italian judge sentenced 23 former CIA agents to up to eight years in prison Wednesday for the abduction of a Muslim cleric in a symbolic ruling against rendition flights used by the former U.S. government.
IBTimes Logo

What may be future of reform movement in Iran?

Iranian security forces clashed with supporters of Iran's opposition leader Mirhossein Mousavi in Tehran on Wednesday when a rally marking the 30th anniversary of the storming of the U.S. embassy turned violent
IBTimes Logo

Colombia spars with Venezuela in growing crisis

Colombia on Wednesday warned Venezuela not to brush aside last month's deaths of nine Colombians on the border as paramilitary gang violence, an incident that fueled tensions between the Andean neighbors.
IBTimes Logo

Senate poised to adopt jobless, housing aid

The U.S. Senate was poised on Wednesday to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bill aimed at breathing life into the U.S. economy.
IBTimes Logo

Former HP Chief Fiorina running for Senate

Former Hewlett-Packard Co chief and Silicon Valley star Carly Fiorina said on Wednesday that she would run as a Republican candidate for the U.S. Senate from California, taking on liberal Democrat Barbara Boxer.
IBTimes Logo

Stocks jump on data ahead of Fed; healthcare up

Stocks jumped on Wednesday, with the Dow and S&P 500 up more than 1 percent, on positive data about the services sector and employment as investors awaited the Fed's assessment of the economic recovery.
IBTimes Logo

U.S. services sector grows, job losses decline

The U.S. services sector, which represents about 80 percent of U.S. economic activity, grew for the second consecutive month in October, while the labor market also showed signs of improvement in data published on Wednesday.
IBTimes Logo

Fed seen staying on easy-money path

The Federal Reserve on Wednesday is expected to reaffirm its intention to keep U.S. interest rates at ultra-low levels for a long time to support the economy, even as signs of recovery accumulate.
IBTimes Logo

Football fever gives Adidas confidence for 2010

Adidas AG, the world's second-largest sports goods maker, is confident on consumer demand heading into the Christmas season and ahead of next year's soccer World Cup, after posting an in-line third quarter.
IBTimes Logo

Disney gets Beijing nod for Shanghai theme park

The Walt Disney Co has received Beijing's nod to build a theme park in Shanghai, in a major advance for the media and entertainment company in the tough China market ahead of President Obama's first China visit.
IBTimes Logo

Sri Lanka's top general leaves U.S. unquestioned

U.S. authorities allowed Sri Lanka's military chief to return home without being questioned over human rights violations in the last months of the country's 25-year civil war, the Foreign Ministry said on Wednesday.
IBTimes Logo

Services sector grows, job losses decline

The U.S. services sector, which represents about 80 percent of U.S. economic activity, grew for the second consecutive month in October, while the labor market also showed signs of improvement in data published on Wednesday.
IBTimes Logo

ADP profit rises as costs decline

Automatic Data Processing Inc posted higher quarterly earnings on Wednesday as the world's largest payroll processing company trimmed expenses to offset lower sales.
IBTimes Logo

Merck, Schering-Plough set to complete merger

Merck & Co and Schering-Plough Corp said their $41.1 billion merger will be completed later on Tuesday, marking the close of the second huge deal in the pharmaceutical industry in recent weeks.
IBTimes Logo

Slowdown pressures entire auto sector

The global meltdown and resulting implosion in vehicle sales over the past year have pressured everyone in the automotive sector, creating opportunities for some players while leaving others subject to bankruptcy, consolidation or concessions.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.