UNITED STATES

IBTimes Logo

Fiat team goes to work at Chrysler as deal pends

A growing team of Fiat SpA executives and engineers has been working at Chrysler's Detroit-area headquarters this week, finalizing plans to cut costs and ready the Fiat 500 small car for the U.S. market, people with knowledge of the work said.

Mitsubishi planning plug-in electric SUV for 2013

IBTimes Logo
Mitsubishi Motors Corp. will begin selling plug-in electric vehicles in Japan by 2013 based on its Pajero sport utility vehicle and plans to extend sales to the United States and Europe, according to the newspaper Asahi Shimbun on Thursday.
IBTimes Logo

Biogen says one Icahn rep elected to board

Biogen Idec Inc said on Thursday a preliminary count from its annual meeting showed one representative from dissident shareholder Carl Icahn's slate was elected to the board.
More news
IBTimes Logo

Tiananmen knot still tied

China security has tightened Tiananmen Square with hundreds of police on Thursday to prevent any commemoration of the crackdown on pro-democracy protesters 20 years ago.
IBTimes Logo

Oil jumps nearly 5 percent on U.S. jobs data

Oil prices rose nearly 5 percent to a seven-month high above $69 a barrel on Thursday after U.S. data showed a fall in jobless claims, raising expectations of an economic recovery and increased demand for oil.
IBTimes Logo

United Airlines bucks trend with big plane order

United Airlines on Thursday said it has asked the two largest planemakers to bid on an order that could replace its widebody fleet, a move experts say could jump-start demand for new planes from embattled U.S. carriers as they wade through an economic recession.
IBTimes Logo

US mortgage rates surge to highest since Dec-Freddie Mac

Interest rates on U.S. 30-year fixed-rate mortgages surged 0.38 percentage point in the latest week, reaching its highest level since the week ending Dec. 11, 2008, according to a survey released on Thursday by home funding company Freddie Mac (FRE.N).
IBTimes Logo

U.S. jobless claims fell last week

The number of U.S. workers filing new claims for jobless benefits fell for a third straight week last week, government data showed on Thursday, indicating some loss of force in the pace of the labor market's deterioration.
IBTimes Logo

Fed's Pianalto sees recession starting to moderate

The steep decline in the U.S. economy has started to moderate, but a pending recovery is likely to be slow and marked by continued high unemployment, Cleveland Federal Reserve Bank President Sandra Pianalto said on Thursday.
IBTimes Logo

North Korea to hold trial for two U.S. journalists

North Korea will put on trial on Thursday two U.S. journalists it says illegally entered the country with hostile intent in a contentious case that comes as Pyongyang faces international anger for last week's nuclear test.
IBTimes Logo

China security tight in Tiananmen

China smothered Tiananmen Square with police on Thursday to prevent commemoration of the crackdown on pro-democracy protesters 20 years ago, as Washington demanded Beijing account for those killed.
IBTimes Logo

Obama seeks new beginning in ties with Muslims

President Barack Obama called for a new beginning in relations between the United States and the Muslim world Thursday, addressing grievances over the Arab-Israeli conflict, two U.S.-led wars and tensions over Iran.
IBTimes Logo

U.S. workers feel pain as jobless ranks grow

Jamie Laird had hoped to retire comfortably some day from the machinist's job he has held for 30 years, but his western Illinois manufacturing plant is closing and he now fears for his family's economic future.
IBTimes Logo

Obama Cairo Speech transcript

President Barack Obama called for a new beginning between the United States and Muslims Thursday, in a speech delivered at Cairo University.
IBTimes Logo

U.S. jobless claims fall, productivity rises

Fewer U.S. workers filed new claims for jobless benefits for a third straight week last week and productivity rose at a stronger-than-expected pace in the first quarter, data showed on Thursday, supporting budding hope that the recession was losing force.
IBTimes Logo

United bucks trend with big plane order: report

The prospect of a bumper plane order battle brightened a depressed outlook for plane manufacturers on Thursday as United Airlines was reported to be seeking 150 jets despite fresh warnings of industry losses.
IBTimes Logo

U.S. House puts climate bill on quick pace for passage

Democratic leaders in the House of Representatives have put major environmental legislation on a fast-track, boosting chances a climate change bill will pass this month or next, leading lawmakers said on Wednesday.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.