MARKETS / FINANCE

Jobs recovery suffers setback in March

IBTimes Logo
Employers hired far fewer workers in March than in previous months, keeping the door open for the Federal Reserve to provide more monetary support for a still sluggish economy.
IBTimes Logo

Housing secretary pushes mortgage write-downs

The Obama administration wants Fannie Mae and Freddie Mac, which finance the bulk of U.S. mortgages, to start reducing loan balances for troubled borrowers, but with safeguards to prevent them from purposely defaulting to obtain relief.
More news
Indian Finance Minister Pranab Mukherjee is accused of proposing a timid budget that fails to tackle the country’s structural problems

India's Jewelers End Gold Strike

India's gold-jewelry traders, the largest buyers of bullion, called off a 21-day strike after Finance Minister Pranab Mukherjee agreed to consider rolling back recent increases in gold taxes.
will king

‘Ridiculously Photogenic Guy:’ Will King, The Man Behind The Viral Zeddie Little Photo Meme

If you haven't seen the meme for the Ridiculously Photogenic Guy that has gone viral since Tuesday when it was posted on Reddit, you're certainly missing a moment in digital history proving the power of viral social media. But someone had to take that photo and post it on Reddit before it became a sensation. So, who is the man behind the viral photo of the Ridiculously Photogenic Guy, Will King?
IBTimes Logo

Employment gains slow, jobless rate drops

Payrolls rose far less than expected in March, keeping the door open for further monetary policy support from the Federal Reserve, even as the unemployment rate fell to a three-year low of 8.2 percent.
IBTimes Logo

U.S. online jobs index flat at 143 in March

A monthly gauge of online labor demand in the United States held steady in March, with transportation and retail registering strong growth, the operator of a job search website said on Friday.
IBTimes Logo

Federal judge approves $25 billion mortgage pact

A federal judge approved a $25 billion mortgage settlement with five top U.S. banks over allegations of foreclosure abuses and misconduct in servicing home loans, according to court documents.
IBTimes Logo

Yahoo plans Tuesday reorganization meeting: source

Yahoo Inc CEO Scott Thompson will outline his long-term strategy and vision for the struggling Internet company at an all-hands meeting for staff next Tuesday, a source at the company told Reuters, days after Thompson announced the deepest round of job cuts in years.
IBTimes Logo

Analysis: Forex fine print haunts BNY Mellon, State Street

State Street Corp has unveiled a new twist in its legal defense against charges of foreign exchange fraud: We're not like Bank of New York Mellon Corp . While both custody banks deny they routinely overcharged state pension fund clients on foreign-exchange trades, State Street is trying to score points in court by highlighting differences in the phrases it used in market...
IBTimes Logo

Exclusive: Yahoo plans Tuesday reorganization meeting: source

Yahoo Inc CEO Scott Thompson will outline his long-term strategy and vision for the struggling Internet firm at an all-hands meeting for staff next Tuesday, a source at the company told Reuters, days after he announced the deepest round of job cuts in years.
IBTimes Logo

Google CEO touts gains, focuses on long term bets

Google Inc's chief executive said the company's fledgling social network, Google+, has scored more than 100 million active users, and he reiterated the Internet search giant's commitment to making long-term bets.
IBTimes Logo

Congress inaction risks 2013 tax disaster: IRS chief

The commissioner of the U.S. tax-collecting Internal Revenue Service warned on Thursday of a real disaster for taxpayers next year should Congress miss a December 31 deadline to decide on billions in major tax provisions.
Underground mining machine

Gold Prices Rise On Short-Covering

Gold rose on Thursday, as investors covered short positions after a sharp two-day pullback, and a crude oil rally also buoyed the precious metal that sank early this week on disappointment about further U.S. monetary easing.
IBTimes Logo

S&P 500 marks 2012's worst week as bulls waver

Stocks mostly traded sideways on Thursday, but the S&P 500 ended its worst week this year as growing pressure on Europe's debt markets revived concerns about the region's financial stability.
IBTimes Logo

After Jobs Act, Case turns focus to immigration

As he gathers with other movers and shakers at the White House on Thursday afternoon to witness President Barack Obama's signing of the Jobs Act, AOL Inc co-founder Steve Case is already thinking ahead to the next cause he can help champion behind the scenes: immigration reform.
IBTimes Logo

Viacom wins reversal in landmark YouTube case

A U.S. appeals court dealt Google Inc a major defeat by reviving lawsuits by Viacom Inc, the English Premier League and various other media companies over the use of copyrighted videos on Google's YouTube service without permission.
IBTimes Logo

S&P 500 set for worst week this year as bulls waver

Stocks largely traded sideways on Thursday as growing pressure in Europe's debt markets raised concerns about the financial stability of the region and overshadowed what is expected to be a solid U.S. jobs report on Friday.
IBTimes Logo

Google defends privacy policy to European watchdog

Web search giant Google Inc defended its new privacy policy as lawful and cited measures to educate users about it, in a letter sent on Thursday to French data protection regulators investigating its approach.
IBTimes Logo

Dow and S&P dip, Nasdaq up after two-day fall

The Dow and the S&P 500 slipped on Thursday, on track for three straight days of declines, although jobless claims data showing improvement in the labor market helped offset revived concerns about the euro zone's fiscal stability.
IBTimes Logo

Jobless claims fall to lowest since 2008

The number of Americans lining up for new jobless benefits dropped to the lowest level in nearly four years last week, according to a government report that showed ongoing healing in the labor market.
IBTimes Logo

Dow, S&P flat, Nasdaq rises after two-day drop

Stocks traded flat to slightly higher Thursday after two straight days of declines as jobless claims data showing improvement in the U.S. labor market helped offset revived concerns about the euro zone's fiscal stability.
IBTimes Logo

U.S. jobless claims fall to lowest since 2008

The number of Americans lining up for new jobless benefits dropped to the lowest level in nearly four years last week, according to a government report that showed ongoing healing in the labor market.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.