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Posted: January 25th, 2008, 10:40pm EST
With stock markets around the world falling last week, New Yorkers cut back on the essentials, like dry-cleaning their sheets.
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Posted: January 25th, 2008, 3:51pm EST
What happens when a philanthropic project becomes so popular that it has trouble keeping up with demand?
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Posted: January 25th, 2008, 3:21pm EST
The transition to a new economy is over. Do our candidates know it?
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Posted: January 25th, 2008, 1:17pm EST
Scottish & Newcastle, Britain’s largest brewer, agreed to a £7.8 billion ($15.4 billion) takeover by the European rivals Carlsberg and Heineken.
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Posted: January 25th, 2008, 12:03pm EST
Most economists called the emergency spending plan agreed to by the White House and Congress useful but probably not enough.
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Posted: January 25th, 2008, 12:00pm EST
The deal capped a series of fast-paced and intense negotiations after both parties had to agree to numerous compromises after more than a year of acid relations.
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Posted: January 25th, 2008, 11:00am EST
Third-quarter profit fell to $166.5 million, as the slowing economy took its toll on sales of the company’s iconic motorcycles.
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Posted: January 25th, 2008, 10:53am EST
The drugmaker said it is weighing cost cuts that could eliminate 10 percent of its work force over a three-year period.
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Posted: January 25th, 2008, 10:52am EST
The company said profit in the latest quarter rose more than 10 percent on strong sales to mining, energy and construction customers outside the United States.
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Posted: January 25th, 2008, 10:03am EST
Some fear that American consumers will pull back from their exuberant spending, cooling demand for goods worldwide and dragging down the global economy.
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Posted: January 25th, 2008, 9:58am EST
Rather than waiting for the American economy to get worse, companies in Asia are changing how they operate.
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Posted: January 25th, 2008, 9:37am EST
The company’s strong quarterly results and optimistic outlook suggests that a weakening economy will not slow it down.
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Posted: January 25th, 2008, 9:28am EST
The brewers will buy and break up Scottish and Newcastle in an effort to raise Carlsberg’s position in Russia and Heineken’s presence in Western Europe.
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Posted: January 25th, 2008, 8:58am EST
Citing strong economic conditions, the manufacturer posted fourth-quarter earnings of $689 million, up from $585 million a year earlier.
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Posted: January 25th, 2008, 6:40am EST
Mr. Galbraith was a former ambassador to France and a Republican contender for governor of New York in 1994.
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Posted: January 25th, 2008, 6:29am EST
Mr. Sprüngli was the heir to a Swiss chocolate empire and head of the world-renowned Lindt & Sprüngli business for more than two decades.
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Posted: January 25th, 2008, 2:13am EST
On Thursday, the world came to know Jérôme Kerviel, 31, as the most dangerous accused rogue trader ever.
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Posted: January 25th, 2008, 1:51am EST
Société Générale said the trader made bad bets on stocks and then, in trying to cover up those losses, dug himself deeper into a hole.
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Posted: January 25th, 2008, 1:47am EST
President Bush’s plan to send payments to 117 million households to stimulate the economy will require a host of technical rules to determine who ultimately collects the benefits.
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Posted: January 25th, 2008, 1:18am EST
Huge pools of state-controlled cash have rescued American and European banks from their own mistakes. And the people who run those funds want some respect.
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Posted: January 25th, 2008, 1:03am EST
After almost eight years as the top editor, Phil Bronstein will leave The San Francisco Chronicle and take a post with its parent, the Hearst Corporation.
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Posted: January 25th, 2008, 1:02am EST
MIAMI (AP) The Lennar Corporation, the home builder, reported a $1.25 billion fourth-quarter loss on Thursday its biggest ever as a slowdown drove home prices lower and the company took a write-down on land.
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Posted: January 25th, 2008, 12:50am EST
CHICAGO (Reuters) — The Hershey Company, which is losing market share to rivals like Mars Inc. as it battles rising costs, forecast on Thursday a drop in 2008 earnings.
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Posted: January 25th, 2008, 12:49am EST
Two large military contractors, the Lockheed Martin Corporation and the Northrop Grumman Corporation, reported higher fourth-quarter profits on Thursday, both citing strong military and civil electronics business.
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Posted: January 25th, 2008, 12:49am EST
TEMPE, Ariz. (AP) — The US Airways Group said Thursday that it had swung to a fourth-quarter loss as a result of significantly higher fuel costs.
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Posted: January 25th, 2008, 12:49am EST
Xerox said its board also approved an additional $1 billion for its stock buyback plan, on top of the $370 million remaining under the existing plan.
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Posted: January 25th, 2008, 12:37am EST
Pessimism is greatest among those closest to the financial system, so while some take a working financial system for granted, others see a system in crisis.
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Posted: January 25th, 2008, 12:36am EST
Nokia said Thursday that it had extended its share of the global cellphone market to 40 percent in the fourth quarter as profit surged 44 percent on rising sales abroad.
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Posted: January 25th, 2008, 12:34am EST
The Federal Communications Commission’s auction of federally owned airwaves is eventually expected to bring the government at least $10 billion.
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Posted: January 25th, 2008, 12:31am EST
With the shrinking of Ford’s core United States business nearly completed, chief executive Alan R. Mulally is eager to get Ford’s global operations hitting on all cylinders.
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Posted: January 25th, 2008, 12:30am EST
As talk of an American recession has helped batter global financial markets, economic policy makers in Japan have largely sat on the sidelines.
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Posted: January 25th, 2008, 12:24am EST
Federal prosecutors on Thursday identified the co-founders of the Broadcom Corporation as “unindicted potential co-conspirators” in an investigation into the illegal backdating of stock options.
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Posted: January 25th, 2008, 12:23am EST
Net income for Sun’s fiscal 2008 second quarter, rose to $260 million, or 31 cents a share, from $133 million, or 15 cents a share, a year earlier.
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Posted: January 25th, 2008, 12:18am EST
The median price of an American single-family home fell in 2007 for the first time in at least four decades, according to the National Association of Realtors.
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Posted: January 25th, 2008, 12:12am EST
The World Economic Forum plans to announce on Friday the results of a study that found that companies owned by private equity shed on average about 1 percent more jobs than their peers.
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Posted: January 25th, 2008, 12:09am EST
The largest trade organization for the advertising industry is poised to name a woman as its leader for the first time in its 91-year history.
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Posted: January 25th, 2008, 12:03am EST
The major American markets closed near their highs for the day as investors extended a global financial rally that began Wednesday.
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Posted: January 25th, 2008, 12:02am EST
Finance officials in Moscow are now describing Russia as the most insulated from the ill effects of a United States recession among the chief emerging-market economies.
