UNITED STATES

IBTimes Logo

N.Y. manufacturing growth emerges in August

A gauge of the New York state factory sector showed growth for the first time since April 2008, signaling manufacturers could lead the U.S. economy out of the worst downturn in 70 years.

Wall Street tumbles on global recovery concerns

IBTimes Logo
Stocks fell broadly on Monday as ongoing concerns about the speed of a global economic recovery were compounded by data from Japan, which showed that while the world's No.2 economy returned to growth, the recovery may be shaky.

Public insurance plan not essential: Sebelius

IBTimes Logo
The government-run health insurance option favored by President Barack Obama is not essential to a healthcare overhaul as long as the final measure boosts competition, a top U.S. health official said on Sunday.
IBTimes Logo

Lowe's gives dismal quarterly outlook

Lowe's Cos posted a 19 percent drop in quarterly profit on Monday and forecast current-quarter earnings below Wall Street estimates as consumers put off big home projects, sending its shares down more than 8 percent.
More news
IBTimes Logo

U.S. videogame sales down 29 percent in July

U.S. videogame equipment and software sales fell 29 percent in July to $848.9 million, research group NPD said on Thursday, as the gaming industry limps through the economic downturn.
IBTimes Logo

China's CIC to buy U.S. mortgages: sources

China's $200 billion sovereign wealth fund, which made big paper losses on stakes in Morgan Stanley and Blackstone, is set to invest up to $2 billion in U.S. mortgages as it eyes a property market recovery, two people with direct knowledge of the matter said on Monday.
width=480

TomTom iPhone App Review Video

TomTom's much anticipated turn by turn app for the iPhone was released on Monday on iTunes for $99. The app uses the iPhone's built-in GPS chip to provide users with real-time navigation directions
IBTimes Logo

Stock futures point lower as Japan data weighs

Stock index futures pointed to a steep fall at the open on Monday as global equities sold off after data from Japan showed that while the world's No. 2 economy returned to growth, a recovery may be shaky.
IBTimes Logo

Wall Street slightly pares losses after data

Stock futures slightly trimmed losses but still pointed to a steep drop at the open on Monday after a regional gauge of manufacturing suggested growth was returning to the sector.
IBTimes Logo

Struggling Sony Ericsson taps new head

Sony Ericsson on Monday entrusted the head of Ericsson's U.S. technology division with the task of leading the struggling cellphone maker back to profit and reversing a sharp decline in market share.
IBTimes Logo

Japan pulls out of recession, but outlook shaky

Japan's economy returned to growth in the second quarter, pulling out of its longest recession since World War Two, but analysts warned of a rocky road ahead as the nascent recovery was based on short-term stimulus efforts around the world.
IBTimes Logo

China study urges greenhouse gas caps, peak in 2030

China should set firm targets to limit greenhouse gas emissions so they peak around 2030, a study by some of the nation's top climate change policy advisers has proposed ahead of contentious talks on a new global warming pact.
IBTimes Logo

Pakistan seeks U.S. backing for energy projects

Pakistan has told the United States it hopes to ease power shortages by renting electricity-generating plants over the next three to five years but wants Washington's backing in a longer-term upgrade and diversification of the country's antiquated power sector.
IBTimes Logo

Cuomo likely to file suit against Schwab: report

New York Attorney General Andrew Cuomo, probing illegal marketing and sales of auction rate securities , is likely to file a lawsuit on Monday against Charles Schwab Corp for civil fraud, the Wall Street Journal said, citing people familiar with the matter.
IBTimes Logo

Gold hits 2-week low as risk aversion lifts dollar

Gold slipped to its lowest since late July in Europe on Monday as the dollar firmed against a basket of currencies and as a 2 percent decline in crude prices dented the precious metal's appeal as an inflation hedge.
IBTimes Logo

Stock futures point to drop as world stocks sink

Stock index futures pointed to a sharply lower open on Wall Street on Monday, mirroring a selloff in Asian and European stocks on mounting worries equities' recent surge had run ahead of the global economic recovery.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.