UNITED STATES

IBTimes Logo

Five banks closed by U.S. regulators

Bank regulators closed four Midwestern banks and one in Arizona on Friday, bringing to 89 the number of U.S. banks to fail this year as deteriorating loans continue to take their toll on financial institutions.

BP warned UK of risk in delayed Libya prisoner deal

IBTimes Logo
British oil major BP Plc told the UK government two years ago that slow progress in concluding a Prisoner Transfer Agreement with Libya threatened a multi-billion dollar exploration deal it was negotiating.
IBTimes Logo

CFTC sheds new light on funds in commodities

Money managers were mostly net long on major U.S. commodities in the week to September 1, according to a government report issued on Friday to increase transparency on hedge fund bets in the markets.
More news
IBTimes Logo

Solyndra starts 2nd solar panel plant construction

California solar company Solyndra Inc said on Friday that it started construction on its second solar panel manufacturing plant, putting into action the first loan guarantee awarded under a long-delayed U.S. program for advanced clean energy.
IBTimes Logo

Fidelity proxy votes against management on rise

New data from the Boston mutual fund giant shows a rise in how often it voted against management proposals in the just-concluded proxy season. It also opposed company pay plans and the election of company directors more frequently.
IBTimes Logo

WTO says Airbus loans illegal : U.S. lawmakers

The World Trade Organization ruled on Friday that European loans for Airbus were illegal subsidies under world trade rules, U.S. lawmakers said, but European sources said Washington did not win a sweeping victory.
IBTimes Logo

Stocks end up after jobs data

U.S. stocks ended higher on Friday as investors focused on the bright side of a mixed payrolls report that showed smaller-than-expected job cuts in August, even though the unemployment rate hit a 26-year high.
IBTimes Logo

U.S. natgas rig count climbs for a seventh week

The number of rigs drilling for natural gas in the United States rose two this week to 701, the seventh straight weekly gain after sinking in mid-July to the lowest level in more than seven years, according to a report on Friday by Baker Hughes in Houston.
IBTimes Logo

Widen global warming fight beyond CO2: U.N.

The world should widen a fight against global warming by curbing a string of pollutants other than carbon dioxide, the main greenhouse gas, the U.N. Environment Programme said on Friday.
IBTimes Logo

WTO did not rule Airbus aid illegal: EU sources

Comments that the World Trade Organization on Friday backed a U.S. complaint against European Union aid to plane maker Airbus are wrong and misleading, EU sources with knowledge of the WTO ruling said.
IBTimes Logo

WTO rules Airbus loans illegal subsidy: source

The World Trade Organization ruled on Friday that billions of dollars in European loans to help Airbus develop civilian aircraft are an illegal subsidy under world trade rules, a person familiar with case said.
IBTimes Logo

WTO distributes ruling in Airbus subsidies case

The World Trade Organisation on Friday issued a 1,000-plus page ruling on whether subsidies the EU gave to Airbus were illegal, although the findings will not officially be made public for months.
IBTimes Logo

H&R Block loss wider than expected, shares down

H&R Block Inc posted a wider-than-expected quarterly loss on Friday, hurt by higher expenses in tax services segment, and said it expects tax returns filed to fall about 1 to 2 percent in the coming tax season.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.