ECONOMY & MARKETS

Bernanke Calls For More Shadow Banking Curbs

Federal Reserve Chairman Ben Bernanke's policy of quantitative may have made U.S. Treasurys a less attractive investment to the Chinese
Federal Reserve Chairman Ben Bernanke pushed for new steps to stem risks from “shadow banking” operating beyond traditional oversight and said the economy is still suffering from the 2008 financial crisis.
U.S. retail sales continue to show strength amid doubts about the overall economy

US Retail Sales Continue To Show Strength

Same-store sales rose 0.5 percent from the previous week and 4.5 percent year on year, the International Council of Shopping Centers and Goldman Sachs reported. Redbook Research said same-store sales were up 0.8 percent from March and 4.1 percent from April 2011.
More news
IBTimes Logo

Chesapeake Sells Assets To Raise $2.6 Billion

Chesapeake Energy Corp, the second largest natural gas producer in the US, said on Monday that it has finalized three deals to sell its assets, which will raise $2.6 billion, as it faces cash crunch and a rising debt.
IBTimes Logo

Asian Shares Struggle, Awaiting China Data

Asian shares eased Tuesday as investors cautiously awaited Chinese trade data to gauge whether the world's second-largest economy could achieve a soft landing, after a sharp slowdown in U.S. jobs creation clouded prospects for global growth.
Sherilyn McCoy

Can Johnson & Johnson's Sherilyn McCoy Turn Avon Around?

Avon Products Inc. (NYSE:AVP)'s appointment Monday of Sherilyn McCoy to replace Andrea Jung as CEO brings some stability to the beleaguered direct-sales beauty company, but analysts say one person is unlikely to cure Avon's huge legal and organizational problems, which threaten its stock price and sales growth.
Cushing, Okla.

Despite Oil Glut, ONEOK Plans Pipeline To U.S. Oil Hub

Oone of the largest natural gas distributors in the U.S. announced it is planning to invest up to $1.8 billion in the construction of a pipeline connecting the Bakken oil fields in North Dakota with the nation's oil hub in Oklahoma. But the new pipeline won't solve the problem of getting to refineries all the oil being produced in the U.S.
IBTimes Logo

IBTimes 1000: Clean Tech German Sector Booming At Home and Abroad

The world's demand for alternative energy sources is powering growth in German industry, or so a look at the list of fastest-growing public companies in that country would suggest. Already the world leader in solar panel manufacturing, Germany is also home to an array of booming companies whose business is on the more peripheral side of clean energy creation and conservation.
AT&T

Thousands At AT&T Stay On Job As Talks Continue

More than 40,000 employees at AT&T Inc will keep working under the terms of an expired labor contract while their union continues negotiations with the telephone company, averting a potentially costly strike for now.
Looking Back at History

90% Of China’s Super-Rich Want To Send Children Abroad

China's love affair with American education is stronger than ever. Chinese families -- including those in the burgeoning middle class -- want to send their sons and daughters to be educated in another country, with most coming to U.S. institutions.
Food Inflation Risks

CPI, PPI, Fed Speakers: This Week’s Economic Events

The economic calendar this week – April 9 to 13 -- is all about inflation. The market will be monitoring import prices, producer prices and Friday’s key consumer prices index. On the policy front, the Atlanta Fed will host 2012 Financial Markets Conference: “The Devil’s in the Details,” between April 9 and 11. We will be hearing from a bevy of Federal Reserve officials, including Chairman Ben Bernanke.
The Wall Street sign is seen in front of the New York Stock Exchange

March Employment Report's Leading Indicators Point Down: Analyst

Leading indicators in the Labor Department's March employment report, released Friday, suggest that the U.S. economic recovery may have run out of gas, David A. Rosenberg, chief economist and strategist at Gluskin Sheff & Associates Inc., said in a note.
# 7. Russia

Russia Cuts GDP Forecast To 3.4 Percent

Russia, the world's ninth largest economy, cut its 2012 GDP forecast to 3.4 percent from 3.7 percent as investment growth is expected to decline, its economy minister said Friday.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.