MARKETS / FINANCE

IBTimes Logo

H&R Block reports wider Q2 loss

H&R Block Inc posted a wider quarterly loss as the largest U.S. tax preparer continued to take charges by disposing of non-core assets.

Wall St slips, eyes payrolls report

IBTimes Logo
Stocks treaded water on Thursday after the previous day's massive gains, but traders worried that recent strong data could set the market up for a sell-off should Friday's jobs report fall short of hopes.

Factories growing despite global slowdown

IBTimes Logo
U.S. factories shrugged off weakness in the global economy in November as manufacturing activity rose to its highest level in five months, a fresh sign the domestic economy was accelerating.
IBTimes Logo

Mass. AG hits big banks with foreclosure lawsuit

The Massachusetts attorney general has filed a lawsuit against five large U.S. banks accusing them of deceptive foreclosure practices, a signal of ebbing confidence that a multi-state agreement can be worked out.
More news
IBTimes Logo

Twitter alum Michael Abbott joins Kleiner Perkins

Former Twitter engineering Vice President Michael Abbott is joining Kleiner Perkins Caufield & Byers next week as a partner, the firm said, signaling its commitment to social networks, mobile and the cloud.
Palladium bars

Russia's Palladium Stockpile to be Gone in Two Years

Russia's MMC Norilsk Nickel, the world's largest palladium producer, will sharply cut sales from its stockpile in the next two years before ending them altogether in 2014, a company executive said Thursday.
IBTimes Logo

RIM, Nokia deny use of Carrier IQ software

Research In Motion does not install, nor authorize, its carrier partners to install Carrier IQ monitoring software on its BlackBerry smartphones, the company said on Thursday.
IBTimes Logo

Clearwire soars as Sprint eases liquidity concerns

Sprint Nextel Corp , the No. 3 U.S. mobile provider, agreed to pay up to $1.6 billion to Clearwire Corp in the next four years, including a network pact and a potential equity infusion, easing concerns about a liquidity crisis at Clearwire.
IBTimes Logo

France's Sarkozy to outline euro crisis stance

President Nicolas Sarkozy will endeavor to warm the nation to giving Brussels more control over national budgets on Thursday as the euro zone crisis pushes France towards recession, squeezes its banks and threatens its AAA credit rating.
IBTimes Logo

Stocks ease after run; Friday's jobs key to rally

Wall Street eased on Thursday after the Dow posted its best run in nearly three years, but hopes Friday's key jobs report would underscore signs of strength in U.S. economy kept investors engaged.
IBTimes Logo

Disney CEO Iger buys $1 million worth of Apple stock

Apple Inc's newest board member, Walt Disney Co Chief Executive Officer Bob Iger, bought about $1 million worth of the iPhone maker's shares earlier this week, a symbolic gesture of confidence in the prospects of the company.
IBTimes Logo

Auto sales rise as confidence gains

U.S. auto sales rose sharply in November as more confident American consumers spent more on the average showroom purchase, extending a recovery trend for the industry to a sixth month.
Amazon Kindle Fire

Amazon May Take Down Apple iPhone With Smartphone Release

Recently, a top tech analyst predicted that Amazon is likely to release its own smartphone for under $200 next year. Citigroup analyst Mark Mahaney said in a research note that Amazon may sell the smartphone for as little as $170. Citing supply-chain channel checks in Asia, he said Amazon may release its first-ever smartphone by the fourth quarter of 2012.
IBTimes Logo

Stocks to rise modestly next year: Reuters poll

U.S. stocks are expected to end next year with modest gains, despite the threat of a global downturn brought on by the euro zone debt crisis and a tepid domestic economy that may still need more stimulus, a Reuters poll found.
IBTimes Logo

Nissan, VW post strong U.S. sales gains

Nissan Motor Co and Volkswagen AG posted double-digit percentage gains in November U.S. sales, a strong showing for a month analysts were expecting to set a more than two-year record overall.
IBTimes Logo

Instant view: Jobless claims rise above 400,000

New claims for unemployment benefits rose unexpectedly last week, popping above 400,000 for the first time in just over a month and reinforcing the view that the battered labor market was healing only slowly.
IBTimes Logo

Jobless claims edge above 400,000

New claims for unemployment benefits rose unexpectedly last week, popping above 400,000 for the first time in just over a month and reinforcing the view that the battered labor market was healing only slowly.
IBTimes Logo

Wall Street flat after powerful rally

Stocks were little changed in choppy trade on Thursday after manufacturing data came in stronger than forecast, but gains were capped as investors took a breather from the previous session's powerful rally.
IBTimes Logo

Senators to probe regulators' role in MF Global

U.S. senators plan to press regulators on Thursday on whether they were asleep at the switch as now-bankrupt MF Global took on massive risky bets, and why hundreds millions of dollars in customer funds are still missing.
IBTimes Logo

Blackstone, Bain plan Yahoo bid: source

Blackstone Group and Bain Capital are preparing a bid for all of Yahoo Inc with Asian partners in a deal that could value the Internet company at about $25 billion, a source familiar with the matter said on Wednesday.
IBTimes Logo

More charges coming in insider probe: sources

A year after four hedge funds were raided as part of a sweeping probe into insider trading, agents are ready to arrest as many as three people who worked at the raided funds, sources familiar with the investigation said.
IBTimes Logo

Scandal-hit UBS ousts risk boss Miskovic

UBS removed its head of risk Maureen Miskovic on Thursday after less than a year in the job and 11 weeks after a $2 billion trading scandal rocked the Swiss bank.
IBTimes Logo

China economy slowing despite policy easing

China's economic growth will probably slow to 8 percent in 2012 and further to 7 percent in 2013 even though the government has started to relax policy, a prominent Chinese government economist said on Thursday.
IBTimes Logo

Factories stall worldwide, U.S. jobless claims rise

Manufacturing activity is contracting across Europe and most of Asia, data showed on Thursday, and a Chinese official declared that the world economy faces a worse situation than in 2008 when Lehman Brothers collapsed.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.