NEW YORK

Middleton Sisters Outfashioned Lady Gaga

Pippa Middleton, Kate Middleton
Britain's Kate Middleton and her sister Pippa have bumped Lady Gaga off the international fashion map. The wife of Prince William, now formally known as the Duchess of Cambridge, topped a fashion buzzword list for a second year running while outrageous pop star Lady Gaga disappeared from sight.
More news
American Airlines planes sit at their gates while others taxi for arrival and departure at O'Hare International airport in Chicago

Creditors Prod American Airlines to Consider Merger

Some American Airlines unsecured creditors increasingly feel the bankrupt airline should explore a deal with US Airways Group or another carrier, after hearing parent company AMR Corp's plan to remain independent, people familiar with the situation said.
IBTimes Logo

Watchdog Fines Ernst & Young $2M over Audits

The watchdog board for corporate auditors on Wednesday said it has imposed a $2 million penalty, its largest fine ever, on accounting and consulting firm Ernst & Young LLP in a settlement involving past audits of Medicis Pharmaceutical Corp.
Chairman of the Federal Reserve Ben Bernanke holds a news conference in Washington

Jobs Rebound Dampens QE3 Prospects: Fed Officials

The pick-up in jobs has caught the eye of two top Federal Reserve officials who said on Wednesday that continued improvement in the beleaguered labor market dampens prospects for more economic stimulus measures from the central bank.
A Goldman Sachs sign is seen on at the company's post on the floor of the New York Stock Exchange

Goldman Sachs Buys $6.2B in Mortgage Bonds from Fed

Goldman Sachs Group Inc. (NYSE:GS) has purchased mortgage bonds valued at $6.2 billion from the Federal Reserve Bank of New York, previously owned by the insurance giant American International Group Inc. (NYSE:AIG), until its government bailout in 2008.
IBTimes Logo

Richmond Fed Chief Opposes More Easing

A top Federal Reserve official said Wednesday he does not see a rationale for more asset purchases if U.S. economic data continue to show the recovery is picking up steam.
IBTimes Logo

Wall Street ends flat; Cisco gains after the bell

Stocks closed flat in another thinly traded session on Wednesday as Greece remained in a standstill over accepting tough reforms in exchange for a bailout critical to avoiding a chaotic default.
Carolina Herrera

Navy likely new black at New York Fashion Week

Navy is likely to replace black on the catwalk when New York Fashion Week starts on Thursday, with experts expecting rich fabrics, waist-defining jackets and some 1920s-inspired styles sparked by movies like The Artist.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.