UNITED STATES

IBTimes Logo

Wall Street tumbles on recovery woes

U.S. stocks tumbled in a broad sell-off on Wednesday, sending the benchmark S&P 500 lower for a fourth straight day, after weak data on new home sales heightened concerns about the pace of the economic recovery.

Blackstone COO sees capital shift away from U.S.

IBTimes Logo
Blackstone Group's COO Tony James said on Wednesday he foresees a gradual shift in the coming years of capital pools away from the United States to Asia, the Middle East and other areas of the globe.

This Is It heats up box office on first day

IBTimes Logo
Michael Jackson fans poured out of cinemas on Wednesday applauding the new This Is It movie of the late pop star's final concert rehearsals and ringing up sales at box offices worldwide.
IBTimes Logo

TCW buys stake in Centrica wind farms

Centrica Plc, owner of the British Gas brand, will sell a 50 percent stake in three wind farms to U.S. based TCW, signaling renewed investment interest in an industry where recession has crimped financing.
More news
IBTimes Logo

New home sales drop, durable goods orders up

Sales of new U.S. homes unexpectedly tumbled in September, their first drop in six months, underscoring the hazards to an economic recovery even as businesses appeared to be stepping up investment.
IBTimes Logo

5 of the World’s Most Haunted Places

Haunted vaults, voodoo witches and suicidal forests are enough to make even the most fearless travelers reconsider their trip. Put them together and you have got yourself one heck of a fright night.
IBTimes Logo

S&P falls 2 percent as selloff accelerates

U.S. stocks fell further on Wednesday and the S&P 500 briefly fell 2 percent, after disappointing new home sales data sparked worries about the strength of the economic recovery, prompting a sell-off.
IBTimes Logo

China to launch case against U.S. Big Three automakers

China has told the United States that it plans to formally launch an investigation that could lead to new import duties on autos and sports utility vehicles made by Chrysler, Ford and General Motors, a U.S. industry official said on Wednesday.
IBTimes Logo

Big U.S. companies balk at healthcare public option

Some of the nation's largest companies pushed back against U.S. Democrats' plans to deliver a government-run insurance option in a healthcare overhaul, decrying it as a step backward that would drive up costs for employers and their workers.
IBTimes Logo

Big U..S companies balk at healthcare public option

Some of the nation's largest companies pushed back against U.S. Democrats' plans to deliver a government-run insurance option in a healthcare overhaul, decrying it as a step backward that would drive up costs for employers and their workers.
IBTimes Logo

House panel OKs Iranian fuel sanctions bill

A bill that would give the Obama administration power to impose sanctions on a broad array of companies involved in providing Iran with gasoline cleared a key congressional committee on Wednesday.
IBTimes Logo

Senate closes in on homebuyer tax credit vote

A popular $8,000 tax credit for first-time U.S. homebuyers, which has helped lift the housing market out of its worst slump since the Great Depression, is set to expire on November 30.
IBTimes Logo

Ex-client of UBS gets house arrest for tax fraud

A former client of UBS AG who cooperated in a U.S. probe of the Swiss bank's ties with wealthy Americans hiding money overseas was sentenced to one year house arrest and a fine on Wednesday for a multimillion-dollar tax evasion scheme.
IBTimes Logo

Pay czar vows to rework 2010 AIG bonuses

Renegotiating bonuses to American International Group employees is a top priority, the Obama administration's pay czar said on Wednesday, adding he believes he can do so without losing key employees.
IBTimes Logo

Pay czar vows to rework AIG bonuses

Renegotiating bonuses to American International Group employees is a top priority, the Obama administration's pay czar said on Wednesday, adding he believes he can do so without losing key employees.
IBTimes Logo

New home sales drop, durable goods orders rise

Sales of new U.S. homes unexpectedly tumbled in September, their first drop in six months, underscoring the hazards to an economic recovery even as businesses appeared to be stepping up investment.
IBTimes Logo

Coke, Pepsi bottlers see sales fall

Coca-Cola Enterprises Inc and PepsiAmericas Inc sold fewer soft drinks in the United States than analysts anticipated, signaling that consumers remain cautious about spending and pushing shares of both bottlers down.
IBTimes Logo

Malaysia's Maxis IPO gets 4 cornerstone investors

Malaysia's biggest mobile operator Maxis has secured four cornerstone investors who will buy 28 percent of its roughly $3.7 billion initial public offering, Southeast Asia's largest in over a decade.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.