UNITED STATES

IBTimes Logo

McDonald's quarterly profit falls

McDonald's Corp posted a lower quarterly profit and lower-than-expected sales on Thursday as the recession has pushed U.S. unemployment to the highest level in more than two decades.
IBTimes Logo

North Korea calls Clinton vulgar, unintelligent

North Korea, bristling at being described by U.S. Secretary of State Hillary Clinton as behaving like an unruly child, responded in kind on Thursday, calling her vulgar and less then clever.
More news
IBTimes Logo

3M profit surges past estimates, stock climbs

Diversified U.S. manufacturer 3M Co handily beat Wall Street's profit expectations and raised its revenue forecast, boosted by surprisingly strong demand for consumer electronics and for its respiratory masks, which were snapped up by people afraid of the swine flu virus.
IBTimes Logo

Prospects uncertain for Obama on healthcare

President Barack Obama's drive to overhaul the U.S. healthcare system faces uncertain prospects as lawmakers struggle to find agreement on cutting costs and funding the $1 trillion program. The outcome is at a critical juncture in the U.S. Congress. Here are some possible scenarios involving shortfalls in reaching his goals as planned:
IBTimes Logo

Obama says healthcare overhaul needed to curb deficits

President Barack Obama said on Wednesday a broad healthcare overhaul was critical to a U.S. economic recovery and urged Congress to take advantage of momentum behind the reform package, despite doubts about the plan even among fellow Democrats.
IBTimes Logo

Shortage of doctors could damage healthcare reform

A growing shortage of primary care doctors could place a major burden on the U.S. healthcare system if President Barack Obama succeeds in extending medical insurance to millions of Americans who currently lack it.
IBTimes Logo

Northam Exposure: An Award-Winning Travel Journalist Interview

Award-winning travel journalist Bruce Northam has wandered freestyle in over 100 countries on seven continents, with experiences ranging from drifting with Burma's sea gypsies, playing naked Frisbee with New Guinea natives, and beholding the beguiling shores of Antarctica.
IBTimes Logo

Wall St flat with earnings in full swing

Stocks opened little changed on Thursday as investors digested a slew of quarterly results, including a brighter outlook and a forecast-beating profit from 3M Co and disappointing results from McDonald's Corp ahead of key housing market data.
IBTimes Logo

Wall St set for slight rise on upbeat earnings

Stocks were set to open slightly higher on Thursday as quarterly results, including a brighter outlook and a forecast-beating profit from 3M Co , gave investors confidence, ahead of key housing market data, that the earnings season will remain strong.
IBTimes Logo

Coal permits hard to come by: Natural Resource

Natural Resource Partners LP, which leases coal reserves to miners, may see lower royalties as its clients find it increasingly difficult to obtain permits to mine, its chief operating officer said.
IBTimes Logo

House passes bill aimed at reducing deficit

A plan to bring the ballooning U.S. deficit under control passed the U.S. House of Representatives on Wednesday, requiring Congress to find savings to offset tax cuts or spending increases.
IBTimes Logo

Obama says recovery depends on healthcare

President Barack Obama said on Wednesday he realized Americans were skeptical about his healthcare overhaul, but that the country's economic recovery depended on implementing the $1 trillion plan.
IBTimes Logo

Hyundai posts record Q2 profit, gaining share

Hyundai Motor Co is likely to struggle to replicate its record quarterly profit as the benefits from a weaker won and government stimulus fade but the popularity of its small, cheap vehicles will help it gain share in a weak global market.
IBTimes Logo

Ford posts profit, shares jump

Ford Motor Co posted a $2.3 billion quarterly net profit, mainly due to debt restructuring, and said it was on track to at least break even in 2011, sending its shares up more than 7 percent.
IBTimes Logo

Ford posts quarterly profit after debt restructuring

Ford Motor Co posted a $2.3 billion quarterly net profit, mainly due to debt restructuring actions, with global markets still reeling from a recession that helped to push U.S. rivals General Motors and Chrysler into bankruptcy.
IBTimes Logo

South Korea slaps $208 million fine on Qualcomm

South Korea's anti-trust agency imposed on Thursday a $208 million fine on Qualcomm Inc and ordered the U.S. wireless chip and technology firm to end discriminatory licensing practices and rebates.
IBTimes Logo

U.S. consumer will not drive global growth: Bernanke

The U.S. consumer will not drive a global economic recovery and the United States is still at risk from high unemployment and souring commercial real estate loans, said Federal Reserve Chairman Ben Bernanke on Wednesday.
IBTimes Logo

World stocks near 9-month high on upbeat earnings

World stocks rose close to the previous session's nine-month high and oil edged up on Thursday as forecast-beating earnings from major firms raised expectations for a global economic recovery. Swiss bank Credit Suisse's higher-than-expected second-quarter profits and drugmaker Roche's bullish two-year forecast followed solid reports in the United States from Apple and Starbucks on Wednesday.
IBTimes Logo

Hyundai posts record profit in Q2, outlook strong

Hyundai Motor Co's quarterly profit jumped by nearly half to a record high thanks to a weaker won boosting offshore sales and government incentives at home, factors which should help it outperform rivals this year.
IBTimes Logo

Asia stocks hit 10-month high on earnings, growth

Asian stocks climbed to a 10-month high on Thursday led by energy shares, though some investors wondered if upward momentum from corporate earnings reports justified increasingly pricey valuations.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.