IBTimes Logo

European Markets up; U.S. Stock Futures down

European shares gained in early trading Monday morning, tracking a late rally in Wall Street Friday, after Federal Reserve Chairman Ben Bernanke raised hopes for more economic stimulus.

New York Shuts Down Ahead of Hurricane Irene

Irene rakes up East Coast, shuts down New York
The city that never sleeps started shutting down at midday on Saturday, with nearly all businesses except a smattering of food and liquor stores closing and public transportation coming to a halt ahead of Hurricane Irene.
More news
Hurricane Irene

Hurricane Irene Roars On Path Toward East Coast; New York Preparing Virtual Shut Down

Hurricane Irene is bearing down on the U.S. East Coast Friday, nearing North Carolina and forcing evacuations and planned closings of pubilc transportation in New York as the I-95 corridor prepares and gets ready to hunker down for the massive storm. The Category 2 storm is packing maximum sustained winds of 100 miles per hour, moving north at 14 miles per hour. Already, forecasters and officials are suggesting Hurricne Irene is the storm of a lifetime, with potential to inflict a wide path of d...
IBTimes Logo

Second-quarter growth revised down to 1 percent

The economy grew much slower than previously thought in the second quarter as business inventories and exports were less robust, a government report showed on Friday, although consumer spending was revised up.

Rihanna Tweets Down Talk of Sex Tape

Rihanna may like to sing about sex and she may like to wear sexy costumes on stage, but the S&M singer says there is no videotape of her having sex with rapper J. Cole.
Gold bar

Spot Gold Drops 0.4%, Set for a Down Week

Spot gold lost 0.4 percent Friday, on course for its first weekly drop after seven straight weeks of gains, as investors awaited a speech by U.S. Federal Reserve Chairman Ben Bernanke later in the day.
# 2 Rihana

Rihanna Tweets Down Talk of Sex Tape

Rihanna may like to sing about sex and she may like to wear sexy costumes on stage, but the S&M singer says there is no videotape of her having sex with rapper J. Cole.
IBTimes Logo

European Markets Down Slightly

Beverage firms led Europe's top shares lower Wednesday, as mixed corporate results and cooling hopes over the prospect of further economic stimulus in the U.S. saw the recent rebound lose steam.
Standard & Poor's President Deven Sharma

S&P President to Step Down; McGraw-Hill Shows its Regret Over Downgrade

S&P couldn't take back its U.S. debt rating downgrade that rocked global financial markets. Once it was done, it was done. But now we know the agency embroiled in controversy for two weeks since its Aug. 5 downgrade was met with corporate regret. The ratings agency said Tuesday that Deven Sharma, S&P's president since 2007, will sept down. He will be succeeded on Sept. 12 by Citibank Chief Operating Officer Douglas Peterson. The move caps two weeks of controversy that has embroiled the com...
IBTimes Logo

Deven Sharma to step down as S&P president

Deven Sharma will step down as president of ratings agency Standard & Poor's to work on the company's strategic portfolio review before leaving the company at the end of the year.
IBTimes Logo

S&P president Sharma stepping down: report

The president of Standard & Poor's, Deven Sharma, is stepping down, just a few weeks after the ratings firm issued a controversial downgrade of U.S. government debt, the Financial Times reported.

German State Imposes Ban on Facebook 'Like'

The German State of Schleswig-Holstein has imposed a ban on clicking the Facebook “Like” button and has said state institutions should remove it from their Web sites or face a fine.
IBTimes Logo

Bronfman steps down as Warner Music CEO

Billionaire Edgar Bronfman Jr is stepping down as chief executive of Warner Music Group Corp, the world's third-largest music company, just two months after the company was bought by Len Blavatnik's Access Industries.
An investor reacts as he looks at a computer monitor showing stock prices in a customer lounge of a stock trading firm in Seoul

Asian Markets Continue Slide; S. Korea Index Down 5%

Asian stocks extended losses Friday, with South Korea's benchmark shedding 5 percent on growing fears the U.S. economy was sliding into recession and as some European lenders faced short-term funding strains, raising fears of a systemic banking crisis on the continent.
IBTimes Logo

Beaten-down Wall Street tanks on recession fears

Wall Street sank in volatile trading on Thursday, with the S&P 500 down more than 4 percent as weak U.S. economic data pressured markets already beaten down by renewed fears about the health of European banks.
Smoke rises in the city of Latakia

Obama Calls on Assad to Step Down

President Barack Obama on Thursday for the first time called on Syrian President Bashar al-Assad to step down after a brutal crackdown by Syrian forces on demonstrations against the Assad family's 41-year reign.


IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.