More From IBT Staff Reporter
Obama warns strains unless U.S., China balance growth
The United States sees China as a vital partner and competitor, but the two countries need to address economic imbalances or risk enormous strains on their relationship, President Barack Obama said on Monday.
Nov 10, 2009
Clinton urges Iran to accept U.N. nuclear offer
U.S. Secretary of State Hillary Clinton on Monday urged Iran to accept a U.N.-drafted proposal to have uranium for a medical reactor enriched abroad.
Nov 10, 2009
WTO's Lamy says U.S. slowing Doha talks: report
The U.S. is slow in reaching a negotiating position in the Doha round trade liberalization talks, the World Trade Organisation's Director General said in an Italian business daily on Tuesday.
Nov 10, 2009
Geithner to Japan: spend more, export less
U.S. Treasury Secretary Timothy Geithner on Tuesday told his Japanese counterpart that a commitment by Tokyo to rely less on exports and more on domestic consumption to power growth will benefit the global economy.
Nov 10, 2009
Netanyahu upbeat about Washington talks with Obama
Israeli Prime Minister Benjamin Netanyahu concluded an unusually low-key U.S. visit on Tuesday voicing confidence that his White House talks would benefit Israel's security and peacemaking efforts.
Nov 10, 2009
US home sale listings fell again in Oct -ZipRealty
The number of U.S. homes listed for sale fell nearly 3 percent in October compared to September, according to real estate brokerage ZipRealty.
Nov 10, 2009
Stocks dips as investors step back to assess rally
U.S. stocks slipped on Tuesday as investors paused to assess the rally that pushed the Dow industrials to a 13-month high in the previous session and drove the S&P 500 up for six straight days.
Nov 10, 2009
Fed's Yellen sees risks to U.S. recovery
The U.S. economic recovery still faces many hurdles, including a persistently weak labor market and strained household budgets, Janet Yellen, President of the Federal Reserve Bank of San Francisco, said on Tuesday.
Nov 10, 2009
Fed's Yellen says strength of recovery in question
The U.S. economic recovery still faces many hurdles, including a persistently weak labor market and strained household budgets, Janet Yellen, President of the Federal Reserve Bank of San Francisco, said on Tuesday.
Nov 10, 2009
Google, Yahoo, eBay, Microsoft's Bing offering free WiFi to travelers
Major search engines like Google, Microsoft and Yahoo, and eBay are offering free WiFi hotspots around the nation this holiday season till early next year, at airports, hotels and even in New York's Time Square.
Nov 10, 2009
Dodd proposes bold financial overhaul
The chairman of the U.S. Senate Banking Committee introduced a financial regulation reform bill on Tuesday that leaps beyond earlier proposals, calling for new government agencies on financial stability, bank supervision and financial consumer protection.
Nov 10, 2009
Steven Tyler quits Aerosmith but doesn't tell band: report
Aerosmith's front man Steven Tyler quit but apparently has not notified the band, according to a report.
Nov 10, 2009
Japan's Softbank to launch Google phone in spring
Softbank Corp, Japan's No.3 wireless carrier, said it will add to its lineup its first phone using Google Inc's Android operating system in the spring, following similar launches by NTT DoCoMo and Verizon Wireless.
Nov 10, 2009
China's Alibaba profit hit as it bets on expansion
Alibaba.com, China's largest e-commerce company, reported its worst profit in three quarters after betting on acquisitions and product development to tap the region's early recovery from the global downturn.
Nov 10, 2009
Nokia CEO says starts delivery of top model N900
Nokia has started deliveries of its new top-of-the-range model N900, a key product for the world's top phone maker in its battle against rivals iPhone and Blackberry.
Nov 10, 2009
More muscle power means lower Alzheimer's risk
Older people with stronger muscles are at reduced risk of developing Alzheimer's disease compared to their weaker peers, a new study shows.
Nov 10, 2009
Baytex Energy Q3 profit slumps 70 pct
Baytex Energy Trust's quarterly profit dropped 70 percent as weaker commodity prices hurt the Canadian oil explorer.
Nov 10, 2009
Vodafone doubles cost cut target to 2 bln stg
Vodafone, the world's largest cellphone operator by revenue, has doubled its cost cutting target to 2 billion pounds ($3.33 billion) by 2012 to counter fierce competition in India and Europe.
Nov 10, 2009
Dense breasts linked to return of breast cancer
Women with dense breasts who have had lumpectomies for breast cancer are at a higher risk of a recurrence, according to a new study.
Nov 10, 2009
Sen Dodd proposes financial stability agency
A government financial stability agency would be created under a draft financial regulation reform bill from U.S. Senate Banking Committee Chairman Christopher Dodd obtained by Reuters on Tuesday.
Nov 10, 2009
Harley-Davidson to launch MV Agusta sale next week
Harley-Davidson will name the investment bank to handle the sale of its Italian motorbike unit MV Agusta next week, launching the sale process for the Italian company, MV Agusta's Managing Director Enrico D'Onofrio said on Monday.
Nov 10, 2009
China Minsheng's US bank loss to have limited impact
China Minsheng Banking Corp, which is raising up to $4 billion through a public offering of shares in Hong Kong, said on Tuesday that its failed investment in U.S. lender UCBH Holdings Inc will have a limited impact on its business.
Nov 10, 2009
Venezuela slows Amazon Indian swine flu outbreak
A potentially devastating outbreak ofswine flu among the Yanomami Indians in Venezuela's Amazon rain forest appears to be contained for now after a rapid medical response in the remote zone.
Nov 10, 2009
EU objects to Sun-Oracle deal
The European Commission has objected to Oracle Corp's acquisition of computer maker Sun Microsystems Inc , throwing the $7 billion deal into question.
Nov 10, 2009
Fed's Lockhart: Need to ensure recovery is durable
The U.S. economic recovery is under way and policymakers should now focus on ensuring it is a durable one, a top Federal Reserve official said on Tuesday.
Nov 10, 2009
Five facts about interim Opel boss Reilly
General Motors named Nick Reilly, head of the U.S. carmaker's international operations, as interim head of its European business while it searches for a new chief executive for the Opel unit.
Nov 10, 2009
BofA CEO says history will vindicate recent deals
Bank of America Corp Chief Executive Officer Ken Lewis said on Tuesday that he expected history to show he was right when it came to controversial steps such as buying struggling brokerage Merrill Lynch & Co.
Nov 10, 2009
Senator proposes paid sick leave for swine flu
Americans infected by the H1N1 flu virus would be guaranteed paid sick leave under emergency legislation U.S. Senator Chris Dodd plans to unveil on Tuesday in response to the swine flu pandemic.
Nov 10, 2009
Plavix works in men and women, with differences
The popular blood-thinner Plavix prevents heart attacks and strokes in both women and men, but the benefits differ slightly by gender, U.S. researchers said on Monday.
Nov 10, 2009
Rio Tinto says still keen to work with Chinalco
Rio Tinto Ltd/Plc, the world's second-largest iron ore miner, is still keen to work with China's state-owned Chinalco and both companies have held talks recently, Rio CEO Tom Albanese said on Tuesday.
Nov 10, 2009
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