UNITED STATES

Car and truck maker results weak, less gloomy

IBTimes Logo
Automakers in Europe and Japan unveiled weak results for the first half of the year on Thursday and are set to keep tight control over costs but most predict an improvement in conditions for the rest of 2009.
IBTimes Logo

Asbury Automotive earnings drop 47 percent

Auto dealership group Asbury Automotive Group Inc (ABG.N) posted a 47 percent drop in quarterly earnings on Thursday, but said the U.S. new vehicle market had essentially stabilized, though at very low levels.
More news
IBTimes Logo

U.S. jobless claims rise slightly above forecasts

The number of U.S. workers filing new claims for jobless benefits rose slightly more than expected last week, but a gauge of underlying labor trends fell for a fifth straight week, government data showed on Thursday.
IBTimes Logo

Daily Commentary - 30/07/2009

After attempting to retest the 83 cent handle in early Asian trade yesterday the Aussie dollar ran into some resistance, peeling back to settle around 0.8250 during the afternoon. Early European investors however sold the high yielder after concerns about the Japanese economy following the country's poor Retail Trade data, a much lower than expected German CPI reading and sharp declines in commodity prices.
IBTimes Logo

U.S. trust in business bounces back from low

Trust in business has rebounded from 10-year lows in the United States, but the majority of Americans still do not count on corporate America to do what is right, according to a survey released on Thursday.
IBTimes Logo

Car and truck maker results weak, see upturn

Automakers in Europe and Japan unveiled weak results for the first half of the year on Thursday and are set to keep tight control over costs but most predict an improvement in conditions for rest of 2009.
IBTimes Logo

NYSE Euronext cuts jobs, as Q2 profit drops

Transatlantic exchange group NYSE Euronext on Thursday said it planned to cut 290 jobs in Europe and the U.S. as second-quarter earnings before one-off items dropped 34 percent to $132 million.
IBTimes Logo

Car and truck maker losses mount, outlooks steadier

French carmaker Renault on Thursday posted a worse-than-expected loss on for the first half in line with results at its European rivals as auto sales fell sharply but it said the outlook is stabilizing.
IBTimes Logo

Sony posts loss on firmer yen, weak TVs

Sony Corp posted a quarterly operating loss as a stronger yen and weakness in its TV business countered the impact of cost cuts and the company retained its outlook for an annual loss.
IBTimes Logo

Asian shares steady after bruising; oil pauses

Asian share markets were largely steady on Thursday, struggling to regain multi-month highs, while Shanghai shares see-sawed after a 5 percent sell-off the previous day that sent other markets reeling.
IBTimes Logo

Foxconn suicide turns spotlight on counterfeiting

One week after the apparent suicide of a Chinese factory worker accused of stealing a carefully guarded Apple iPhone prototype, one question remains unanswered: what happened to the missing phone?
IBTimes Logo

Oil dips towards $63 on US crude build, China fears

Oil eased toward $63 a barrel on Thursday, after sliding almost 6 percent the day before on data showing a jump in U.S. crude stocks, while the market kept an eye on measures by China to manage credit growth.
IBTimes Logo

Phone call to NYSE set off Braikan fraud probe

A phone call to the New York Stock Exchange from an investor worried that he'd just been duped helped spark a chain of events early last week that led U.S. authorities to file fraud charges against a Kuwaiti financier, who was later found dead in his home.
IBTimes Logo

Welcome to Florida Keys

Welcome to the Florida Keys, a string of islands, which when connected by route US 1, provide passage to the southernmost point in the United States.
IBTimes Logo

Citi still mum on Al Raya Investment

Citi continues to refuse to discuss its 10 percent stake Al Raya Investment, four days after the Kuwaiti firm's chief executive was found dead.
IBTimes Logo

China State Construction sees 28 billion yuan trapped in stock

China State Construction Engineering Group (CSCEC), the world's largest stock offering in 16 months, had 28 billion yuan capital trapped in stock at their debut in Shanghai as its price fell to 6.53 yuan compared to the opening price of 6.70 yuan.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.