Result Page 4611 for United States news & latest pictures from ibtimes.com

BofA CEO could lose chairmanship at meeting

Bank of America Corp's embattled CEO, Kenneth Lewis, may have to give up the post of chairman as shareholders hold a referendum on his eight-year tenure as head of the largest U.S. bank.

Oil heads up towards $51 with stock markets

Oil prices climbed toward $51 per barrel on Wednesday, supported by rising stock markets and after the Energy Information Administration reported a big draw in U.S. gasoline inventories.

Wall Street rises as inventory drop spurs optimism

Stocks extended gains on Wednesday on better-than-expected earnings and government data that suggested companies may start to rebuild inventories, even as the economy shrank more than expected in the first quarter.

U.S. economy shrinks more than expected

The U.S. economy contracted at a steeper-than-expected pace in the first quarter, weighed down by sharp declines in exports and business inventories, according government data on Wednesday that showed the economy was still deep in recession.

More news

ING favors U.S. real-estate trusts despite crisis

U.S. real-estate investment trusts (REITs) enjoy strong investor support, despite the slump in U.S. property markets, because they have moved aggressively to repair their balance sheets, ING Real Estate said on Wednesday.

Goodyear loss smaller than expected, shares zoom

Goodyear Tire & Rubber Co posted a narrower-than-expected quarterly loss on Wednesday as it accelerated cost cuts and reduced inventory in response to a deep economic downturn, sending its shares up nearly 12 percent.

Time Warner profit beats Street

Time Warner Inc posted a stronger-than-expected quarterly profit, as a rise in cable networks revenue helped offset declines in advertising sales at its AOL Internet and Time Inc publishing units.

FACTBOX: Promises, promises: How Obama has fared

U.S. President Barack Obama was elected on a campaign pledge of sweeping change in U.S. policies at home and abroad. Following is a rundown of major promises and how he has fared on each in his first 100 days.

In swine flu, Obama faces big domestic test

Barely 100 days in office, President Barack Obama is facing his first domestic emergency with the outbreak of swine flu and is seeing yet again how fresh challenges can erupt from the unlikeliest of places.

Pakistan troops take town, kill over 50 Taliban

Pakistani troops took the main town in strategically important Buner Valley on Wednesday after dropping by helicopter behind Taliban lines, killing over 50 militants in two days of fighting, the military said.

China low-carbon path hard but doable: study

China must swiftly decouple its rapid economic growth from rising carbon dioxide emissions for global greenhouse gas levels to stay manageable, the authors of a new study said, urging sweeping support to help that transition.

U.S. has its first swine flu death

A 23-month-old child in Texas has died from the new H1N1 swine flu, becoming the first U.S. death from the virus, a U.S. Centers for Disease Control and Prevention official said on Wednesday.

U.S. economy tumbles in first quarter

The U.S. economy contracted at a surprisingly sharp 6.1 percent rate in the first quarter as exports and business inventories plummeted.

Wall Street set to open higher; Fed in view

Wall Street was poised for a higher open on Wednesday, even as data showed the U.S. economy shrank at a steeper pace than expected.

U.S. economy shrinks 6.1 percent

The economy shrank 6.1 percent in the first quarter of 2009, a higher than expected decline mainly due to sharp cutbacks by businesses and the biggest drop in U.S. exports in 40 years.

Bomb kills 9 in Turkey, police detain 2 suicide bombers

Nine soldiers were killed in southeast Turkey in the worst attack in months and police detained two suspected suicide bombers in the capital on Wednesday in an escalation of tensions.

North Korea threatens nuclear tests over U.N. sanctions

North Korea on Wednesday threatened a new nuclear test unless the U.N. Security Council apologizes for tightening sanctions, confirming some analysts' fears that Pyongyang was determined to build an atomic arsenal.

Obama emissions plan to cost $1,400 a family: study

The Obama administration's plan to impose a cap-and-trade system to cut U.S. greenhouse gas emissions would result in 1.9 million job losses and cost the average household $1,400 a year by 2020, according to a new study released on Tuesday.

Wyeth profit beats forecast, but revenue disappoints

U.S. drugmaker Wyeth reported higher-than-expected first-quarter earnings due to cost-cutting, but revenue fell short of forecasts as the stronger dollar hurt overseas sales.

Texan baby is first flu death outside Mexico

A baby in Texas has died of the H1N1 flu strain, the first confirmed death outside Mexico from the virus, which health officials fear could cause a pandemic as it spread to two more countries.

Obama time for utmost precautions on swine flu

President Barack Obama said on Wednesday that the first U.S. death from a new strain of swine flu showed it was time to take utmost precautions against its possible spread.

Obama marks whirlwind first 100 days in office

Barack Obama on Wednesday will mark the 100th day of his presidency after a whirlwind start in which he has signaled a new approach on policies from the economy to climate change to U.S. relations with Iran.

Oil rises above $50 with equities

Oil prices climbed above $50 per barrel on Wednesday, supported by rising stock markets and expectations that the U.S. economic slowdown may be less brutal than initially thought.

Stock futures higher as GDP data awaited

Stock futures were set to open about 1 percent higher on Wednesday as investors were hopeful a reading on gross domestic product would fuel more optimism that the recession is subsiding.

Bank of America CEO faces test at annual meeting

Bank of America Corp's embattled CEO, Kenneth Lewis, may have to give up the post of chairman as shareholders hold a referendum on his eight-year tenure as head of the largest U.S. bank.

Time Warner profit falls on weak ad sales

Media conglomerate Time Warner Inc , posted a flat first quarter profit on Wednesday, weighed down by a drop in advertising sales at its AOL Internet and Time Inc publishing units.

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.

Get Listed

UNITED STATES

Pages