MARKETS / FINANCE

Wall St up as oil gains

IBTimes Logo
U.S. stocks advanced on Thursday as oil and other commodity prices rose while retail sales and weekly jobless claims data increased hopes for an economic recovery.
More news
IBTimes Logo

BofA's Lewis testifies on Merrill deal

Bank of America's Ken Lewis on Thursday testified at a U.S. House Oversight and Government Reform Committee hearing to examine the government's role in the bank's acquisition of Merrill Lynch.
IBTimes Logo

Fresh data offers hope on economy

U.S. retail sales rose for the first time in three months in May and the number of workers filing new claims for jobless benefits last week hit the lowest level since January, suggesting the recession was abating.
IBTimes Logo

Global economy to shrink by 3 percent in 2009

The global economy is set to contract by close to three percent this year, worse than the previous estimates for a 1.75 percent decline, World Bank President Robert Zoellick said on Thursday.
IBTimes Logo

Emails show Fed pressed BofA to do Merrill deal

Emails from Federal Reserve officials appear to back assertions by Bank of America Chief Executive Kenneth Lewis that he was under pressure, to the point of losing his job, to complete the purchase of Merrill Lynch, despite worries about its financial condition.
IBTimes Logo

Oil rises to $72 as IEA raises demand outlook

Oil firmed to $72 a barrel on Thursday after the International Energy Agency raised its estimate for 2009 oil demand, adding to signs the fall in consumption may have bottomed out.
IBTimes Logo

U.S. jobless claims fell in latest week

The number of U.S. workers filing new claims for jobless benefits fell more than expected last week, government data showed on Thursday, pointing to an easing of labor market weakness.
IBTimes Logo

Fresh data suggests recession abating

Sales at U.S. retailers rose in May and the number of workers filing new applications for jobless benefits fell for a fourth straight week last week, according to official data on Thursday that suggested the recession was abating.
IBTimes Logo

Gasoline boosts retail sales

Sales at U.S. retailers rose in May and the number of workers filing new applications for jobless benefits fell for a fourth straight week last week, according to official data on Thursday that suggested the recession was abating.
IBTimes Logo

Daily Commentary - 11/06/2009

The Australian Dollar opens largely unchanged from this time yesterday at 0.8015. The Aussie received a boost on Wednesday from a 12.7 per cent rise in May consumer sentiment – the largest monthly increase in 22 years.
IBTimes Logo

Gasoline sales boost U.S. retail sales

Sales at U.S. retailers rose for the first time in three months in May as expected, lifted by strong gasoline and building material receipts, according to a government report on Thursday that bolstered views the recession was abating.
IBTimes Logo

Gasoline boosts U.S. retail sales

Sales at U.S. retailers rose for the first time in three months in May as expected, lifted by strong gasoline and building material receipts, according to a government report on Thursday that bolstered views the recession was abating.
IBTimes Logo

China investment surge boosts recovery hopes

Chinese investment surged in May, fanning hopes the world's third-largest economy may lead a global recovery, although a record slump in Japan's first quarter GDP reinforced expectations any rebound would be slow.
IBTimes Logo

Wall Street set to rise as data eyed

Wall Street was set to open flat to higher on Thursday, with investors eyeing retail sales and weekly jobless data for fresh insight into the state of the recession-hit economy.
IBTimes Logo

May U.S. foreclosures third highest on record

U.S. foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace as President Barack Obama's rescue programs had not had time to fully take root, RealtyTrac said on Thursday.
IBTimes Logo

May U.S. foreclosures 3rd highest on record

U.S. foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace as President Barack Obama's rescue programs had not had time to fully take root, RealtyTrac said on Thursday.
IBTimes Logo

May U.S. foreclosures 3rd highest on month on record

U.S. foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace as President Barack Obama's rescue programs had not had time to fully take root, RealtyTrac said on Thursday.
IBTimes Logo

Oil rises above $72 on falling U.S. inventories

Oil rose above $72 a barrel on Thursday, heading for a third consecutive day of gains, after data showed falling U.S. crude and product inventories, adding to signs that oil demand may have bottomed out.
IBTimes Logo

Apple, 'must' install Green Dam Youth Escort filtering software

All PC makers that plan to sell their products in China have to pre-load the 'Green Dam Youth Escort' filtering software starting next month in which an employee from China who spoke on condition of anonymity says that Apple has no alternative than to follow the mandate from Chinese government.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.