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Posted: January 8th, 2008, 11:48pm EST
The McGraw-Hill Companies said it was cutting 611 jobs, or 3 percent of its staff, and taking an after-tax charge of $27.3 million, or 8 cents a share, in the fourth quarter.
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Posted: January 8th, 2008, 11:47pm EST
FairPoint Communications reached an agreement with the Vermont Public Service Department that would allow it to buy Verizon phone lines in the state.
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Posted: January 8th, 2008, 11:47pm EST
Some prominent advertisers have pulled their sponsorships for NBC’s strike-subdued Golden Globes coverage, media buyers said.
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Posted: January 8th, 2008, 11:31pm EST
John McCain’s economic platform contrasts sharply with his rivals’ and represents the start of a Republican response to middle-class anxiety.
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Posted: January 8th, 2008, 1:11pm EST
Wall Street fell after a May reading on manufacturing activity showed smaller-than-expected contraction but growing inflationary pressures.
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Posted: January 8th, 2008, 12:56pm EST
A decision by minority shareholders of China Eastern to reject a tie-up with Singapore Airlines and a Singapore government investor has set the stage for an unusual corporate battle in China.
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Posted: January 8th, 2008, 12:54pm EST
Microsoft bid $1.2 billion for Fast Search and Transfer, based in Oslo, in an effort to add more tools to its lucrative Office products.
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Posted: January 8th, 2008, 12:11pm EST
The Treasury secretary said the administration was in talks with the mortgage industry to expand a program that freezes adjustable rate mortgages for 5 years to include borrowers of loans at prime rates.
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Posted: January 8th, 2008, 11:15am EST
The homebuilder said its fourth-quarter loss ballooned to $772.7 million as home sales slowed, prompting it to book charges to write down unsold inventory and for a tax allowance.
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Posted: January 8th, 2008, 3:04am EST
The beleaguered student lending giant appointed a longtime banking executive as chairman as it struggles with tighter credit markets and a failed buyout.
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Posted: January 8th, 2008, 3:02am EST
John Lilly, the chief operating officer of Mozilla, the developer of the open-source browser Firefox, will succeed Mitchell Baker as the firm’s chief executive.
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Posted: January 8th, 2008, 3:01am EST
With the stock plummeting and competitors on the attack, Starbucks Coffee said Monday that it was bringing back its top barista to help turn the company around.
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Posted: January 8th, 2008, 2:59am EST
A plan aims to offer Comcast subscribers a nearly limitless supply of movies and TV shows that can be viewed on demand and through the Internet.
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Posted: January 8th, 2008, 2:58am EST
Comedy Central’s Jon Stewart and Stephen Colbert returned to the air Monday pointing barbs at their own management and at the striking union.
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Posted: January 8th, 2008, 2:53am EST
James E. Cayne, the embattled chief executive of Bear Stearns, will step down after the deepest losses in the firm’s history, according to people who have been briefed on the situation.
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Posted: January 8th, 2008, 2:52am EST
If you’re a chief executive under siege, Martin Lipton is the lawyer to call.
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Posted: January 8th, 2008, 2:43am EST
The company is expected to increase spending in India by $500 million, as it focuses on making the country a regional hub for small-car manufacturing.
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Posted: January 8th, 2008, 2:41am EST
The festive awards dinner will be replaced on Sunday night by a news conference to announce the prize winners.
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Posted: January 8th, 2008, 2:35am EST
A new car from Tata Motors of India would likely fail Western emission and safety standards, but it could be an affordable car for the developing world.
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Posted: January 8th, 2008, 2:28am EST
With the price of gasoline and home heating oil no longer comfortably affordable, the benefits of living in rural New Hampshire have also become burdens for many people.
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Posted: January 8th, 2008, 1:57am EST
LAST week, I spent most of an afternoon trying to get a cogent explanation of a confusing news release issued late on the Friday before New Year’s by a mouthful of an agency called the United States Department of Transportation Pipeline and Hazardous Materials Safety Administration.
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Posted: January 8th, 2008, 1:33am EST
Baltimore’s mayor and City Council contend that Wells Fargo’s lending practices discriminated against black borrowers and led to a wave of foreclosures.
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Posted: January 8th, 2008, 1:32am EST
A federal judge cleared the way for a long-running dispute over unpaid life insurance claims for Holocaust victims to move a step closer to a settlement.
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Posted: January 8th, 2008, 1:17am EST
Both the president and Congressional Democratic leaders are considering a rescue package to counter the threat of a recession.
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Posted: January 8th, 2008, 1:13am EST
The Consumer Product Safety Commission is expanding inspections of imports after the recalls of toys, toothpaste and pet-food ingredients from China.
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Posted: January 8th, 2008, 1:05am EST
Macmillan Publishers has agreed to buy Hayden-McNeil Publishing, a publisher of custom textbooks, for an undisclosed sum.
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Posted: January 8th, 2008, 1:04am EST
The Canadian Imperial Bank of Commerce fired two executives at its CIBC World Markets unit as it grapples with a $9.8 billion exposure to subprime debt.
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Posted: January 8th, 2008, 1:00am EST
A government panel recommended that prices be set for greenhouse gas emissions.
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Posted: January 8th, 2008, 12:55am EST
Genzyme has agreed to pay at least $325 million to win the hotly contested rights to a potentially powerful cholesterol-lowering drug.
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Posted: January 8th, 2008, 12:29am EST
The E.P.A. is launching a public education campaign aimed at getting consumers to recycle their old phones.
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Posted: January 8th, 2008, 12:22am EST
Records raise new questions about the business practices of the giant mortgage lender at the center of the subprime mess.
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Posted: January 8th, 2008, 12:20am EST
Hong Kong adopts a new regulatory system that could some day be a model for mainland China’s giant power industries.
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Posted: January 8th, 2008, 12:20am EST
The Aeon Company of Japan, cut its full-year outlook after poor results at Talbots cut deeply into its operating profit.
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Posted: January 8th, 2008, 12:20am EST
The popular doughnut-making company said Daryl G. Brewster was leaving his position for personal reasons.
