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Posted: February 25th, 2008, 1:23am EST
Inflation, caused in part by the skyrocketing price of oil, is pushing many ordinary people toward poverty even as oil money stimulates a new surge of economic growth in the gulf.
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Posted: February 25th, 2008, 1:12am EST
Estimates of Britney Spears’s net worth vary from $50 million to $125 million, but being a wealthy pop icon doesn’t make one impervious to financial disaster.
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Posted: February 25th, 2008, 1:12am EST
Licenses are no longer as coveted in adolescence, as parents are more willing to be chauffeurs.
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Posted: February 25th, 2008, 1:02am EST
As president of the United Automobile Workers union, Mr. Fraser agreed to concessions that helped the Chrysler Corporation avoid bankruptcy in the late 1970s.
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Posted: February 25th, 2008, 12:51am EST
The ABC network is offering an on-demand service that allows viewers to watch shows any time they choose. The catch: viewers’ can’t fast-forward through commercials.
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Posted: February 25th, 2008, 12:47am EST
Terrance McKnight will make his discovery of New York an integral part of his role as the new host of “Evening Music” on WNYC-FM, 93.9
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Posted: February 25th, 2008, 12:40am EST
A software developer has created a new system that will power potentially tens of thousands of applications that merge the Internet and the PC.
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Posted: February 25th, 2008, 12:26am EST
The victory of Sony’s new Blu-ray high-definition disc over a rival format, Toshiba’s HD DVD, masks a problem facing the studios: the overall decline of the DVD market.
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Posted: February 25th, 2008, 12:22am EST
Businesses and nonprofit organizations are using this year’s leap year day — Feb. 29 — as the occasion to make special proposals and pitches of their own.
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Posted: February 25th, 2008, 12:17am EST
A San Francisco start-up called Get Satisfaction is the latest online ombudsman to try to mediate customer service complaints.
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Posted: February 25th, 2008, 12:10am EST
A little-known private company, Akoo International, aims to transform mobile devices into universal remote controls.
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Posted: February 25th, 2008, 12:10am EST
Argentina and Brazil are facing the possibility of short-term energy crises from a lack of natural gas needed to fuel industries and generate electricity for residents.
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Posted: February 25th, 2008, 12:03am EST
Gorkana keeps tabs on job-hopping in the world of business journalism but it is put together by a group of people journalists generally consider suspicious: publicists.
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Posted: February 24th, 2008, 11:38pm EST
Cited for its reporting on the firing of eight U.S. attorneys, the political blog Talking Points Memo became the first Internet-only news operation to win the George Polk Award.
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Posted: February 24th, 2008, 11:08pm EST
Virgin Atlantic Airways tested a jumbo jet on Sunday that was partly powered by a biofuel made from babassu nuts and coconut oil, a first for a commercial aircraft.
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Posted: February 24th, 2008, 11:00pm EST
Wachovia, one of the three banks financing the $1.2 billion deal, is now refusing to commit, contending the latest agreement has voided its previous commitment.
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Posted: February 24th, 2008, 10:57pm EST
In a first for the blogosphere, reporters at The Honolulu Advertiser held a three-day blog strike to show opposition to proposed changes to their contract.
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Posted: February 24th, 2008, 10:56pm EST
The gulf between casual and heavy consumers of online video is startlingly wide.
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Posted: February 24th, 2008, 10:54pm EST
Countrywide Financial, the besieged mortgage lender, has canceled a gathering of bankers from smaller mortgage banks at the Ritz-Carlton Bachelor Gulch ski resort.
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Posted: February 24th, 2008, 10:54pm EST
HSH Nordbank, a state-controlled German bank, said it planned to sue the Swiss bank, claiming it improperly managed a portfolio of complex debt products.
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Posted: February 24th, 2008, 10:49pm EST
The Treasury’s schedule of financing this week includes the weekly auction of new three- and six-month bills and an auction of four-week bills.
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Posted: February 24th, 2008, 10:48pm EST
A bid by Electronic Arts for Take-Two Interactive would further a wave of consolidation in the gaming industry.
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Posted: February 22nd, 2008, 5:02pm EST
Wall Street staged a big turnaround in the last half-hour of trading amid word that a bailout plan for a troubled bond insurer could be announced next week.
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Posted: February 22nd, 2008, 4:53pm EST
Genentech’s Avastin received federal approval to treat breast cancer, a decision that could be a major shift in standards to assess the effectiveness of cancer medicines.
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Posted: February 22nd, 2008, 4:12pm EST
The company’s former top labor leader, Klaus Volkert, was found guilty of inciting fraud against the carmaker and sentenced to nearly three years in prison.
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Posted: February 22nd, 2008, 3:50pm EST
Running Toyota might seem to be Akio Toyoda’s birthright, but it is not guaranteed.
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Posted: February 22nd, 2008, 3:44pm EST
Liechtensteiners are eager to show that there is a lot more to their little country than secretive banks and foundations.
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Posted: February 22nd, 2008, 3:38pm EST
Three British bankers were sentenced to 37 months in prison each for their role in an Enron-related fraud.
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Posted: February 22nd, 2008, 3:35pm EST
The suit now says the original maker of the device and the investment firm that financed its development misled patients and federal regulators about the disk’s safety.
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Posted: February 22nd, 2008, 3:34pm EST
Of the 143 million pounds of recalled meat, just over 50 million pounds was bought for use in the federal programs, the department said.
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Posted: February 22nd, 2008, 12:58pm EST
Two former executives at Marsh Inc., a unit of Marsh & McLennan, were found guilty on a monopoly charge for participating in an insurance bid-rigging scheme, court officials said.
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Posted: February 22nd, 2008, 12:47pm EST
The end of the strike has alleviated the fears of more than a dozen blue-chip advertisers, worried that their marketing plans centered on the Oscars would be disrupted.
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Posted: February 22nd, 2008, 12:36pm EST
Ten teams from five countries plan to compete for $30 million in prizes in the Google-sponsored race to the moon.
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Posted: February 22nd, 2008, 11:14am EST
Klaus Volkert was convicted for his role in a broad corruption scandal at the automaker and sentenced to two years and nine months in prison.
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Posted: February 22nd, 2008, 11:08am EST
A computer security research group has developed a way to steal encrypted information from computer hard disks.
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Posted: February 22nd, 2008, 11:04am EST
The mutual fund company named F. William McNabb III president and director and said he will take over within a year as chief executive, succeeding John Brennan.
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Posted: February 22nd, 2008, 10:46am EST
The company named the head of its French operation, Detlev von Platen, chief executive of its North America unit, succeeding Peter Schwarzenbauer.
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Posted: February 22nd, 2008, 10:40am EST
The parent of Pacific Gas & Electricity reported net income of $203 million, fueled mainly by increased rates from infrastructure investments. It also raised its quarterly dividend.
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Posted: February 22nd, 2008, 10:21am EST
The financial software maker’s second-quarter net income fell as increased costs more than matched strong revenue growth driven by TurboTax sales, and it cut its earnings guidance.
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Posted: February 22nd, 2008, 9:17am EST
Dresdner Bank said that it would bail out its investment vehicle for complex financial products, becoming the latest bank to take the step to avoid a forced sale of assets.
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Posted: February 22nd, 2008, 9:12am EST
The government is considering proposals to rescue the nearly 8.8 million homeowners who are underwater.
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Posted: February 22nd, 2008, 4:47am EST
The supermarket chain delivered a fourth-quarter profit on Thursday that met analysts’ expectations, but it said sales have slowed this year.
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Posted: February 22nd, 2008, 3:11am EST
The hedge funds that hope to elect dissident directors to The New York Times Company board said Thursday that they had increased their holdings to at least 15.61 percent of the company’s common stock.
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Posted: February 22nd, 2008, 3:03am EST
Seeking to satisfy European antitrust officials, Microsoft said on Thursday that it would open up and share many more of its technical secrets with the rest of the software industry.
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Posted: February 22nd, 2008, 2:10am EST
LONDON (Reuters) — The British Parliament passed legislation on Thursday allowing the government to nationalize the struggling lender Northern Rock, five months after the bank became a high-profile casualty of the global credit squeeze.
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Posted: February 22nd, 2008, 12:57am EST
An Indonesian court’s ruling awarded former President Suharto more than $100 million in damages over an article about what the United Nations calls one of the most gargantuan thefts of our time.
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Posted: February 22nd, 2008, 12:51am EST
In financial crises of the past, financial chiefs have managed to find a cooperative way to turn things around. These days, they seem afraid to do anything.
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Posted: February 22nd, 2008, 12:40am EST
Société Générale blamed the rogue trading scandal and significant write-offs of United States subprime mortgage investments for the $4.95 billion quarterly loss.
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Posted: February 22nd, 2008, 12:38am EST
Fourth-quarter profit declined 10 percent as customers struggled with a weakening economy, the company said Thursday.
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Posted: February 22nd, 2008, 12:37am EST
LAS VEGAS (AP) — The casino giant MGM Mirage reported soaring fourth-quarter profit Thursday, including a hefty gain related to a foreign investment in its CityCenter project, which is under construction on the Las Vegas Strip.
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Posted: February 22nd, 2008, 12:36am EST
Earnings for 2007 were 10.65 billion Swiss francs ($9.7 billion), up from 9.2 billion francs a year earlier, beating analysts’ forecasts.
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Posted: February 22nd, 2008, 12:36am EST
The Newmont Mining Corporation reported quarterly results roughly in line with Wall Street expectations, but analysts worried it was not getting more of a boost from soaring gold prices.
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Posted: February 22nd, 2008, 12:29am EST
The discounted sale price was the final humiliation in Nike’s failed effort to use its marketing muscle to raise the profile of hockey in the United States.
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Posted: February 22nd, 2008, 12:08am EST
January data released Thursday by the Conference Board, a business group, showed the fourth consecutive monthly drop in its gauge of future business activity.
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Posted: February 22nd, 2008, 12:08am EST
The Justice Department filed two lawsuits on Thursday in a move against what it said was a fraudulent gold-mining scheme sold to dozens of wealthy investors.
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Posted: February 22nd, 2008, 12:07am EST
On Thursday, the Dow Jones industrial average fell 142.96 points, or 1.15 percent, to 12,284.30. Broader gauges also declined.
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Posted: February 22nd, 2008, 12:03am EST
Two managers in Credit Suisse’s investment banking division said Thursday that several traders probably used out-of-date prices to value asset-backed securities.
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Posted: February 22nd, 2008, 12:02am EST
An obscure pressure point in the credit squeeze popped up this week when a boutique investment bank in Houston held a “public auction” for dozens of the most arcane products in the financial world.
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Posted: February 22nd, 2008, 12:01am EST
Starbucks eliminated 600 jobs Thursday in an effort to refocus its coffee-selling business to reignite growth.
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Posted: February 21st, 2008, 11:56pm EST
MBIA, the world’s largest bond insurer, said on Thursday that it was withdrawing from the Association of Financial Guaranty Insurers.
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Posted: February 21st, 2008, 11:55pm EST
Dozens of trade publications are going up for sale as the publishing company Reed Elsevier looks to get out of the uncertain advertising market.
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Posted: February 21st, 2008, 11:54pm EST
The Supreme Court’s decision Wednesday protecting many types of medical device makers from personal injury lawsuits began rippling through courts and law offices almost immediately.
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Posted: February 16th, 2008, 10:32pm EST
The market for credit insurance will be put to the test as a looming economic downturn strains companies’ finances.
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Posted: February 16th, 2008, 7:04pm EST
The Center for Employment Opportunities provides former convicts living in New York City with temporary jobs.
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Posted: February 16th, 2008, 6:42pm EST
What should an individual investor do when the domestic and foreign stock markets are shaky? One adviser says: Don’t try anything fancy.
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Posted: February 16th, 2008, 6:26pm EST
Many architects would be happy to design a single hotel in Manhattan; Gene Kaufman’s firm is designing 36 of them.
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Posted: February 16th, 2008, 6:22pm EST
Some of the region’s best minds are captivated by the challenge of solar power and hope to put the development of solar technologies on a faster track.
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Posted: February 16th, 2008, 6:13pm EST
I had the Midwest work ethic at a very early age... I learned that I could do really well if I worked really hard.
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Posted: February 16th, 2008, 6:11pm EST
Voters are often told that the country’s economic health depends on pulling the right lever. But a new administration often brings only moderate economic policy changes.
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Posted: February 16th, 2008, 6:08pm EST
The subtexts of two new books that aim to guide women through the worlds of commerce and finance both ask why a businesswoman can’t be more like a businessman.
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Posted: February 16th, 2008, 6:06pm EST
By one rough estimate, Sandra Boynton has sold around a half-billion cards, which may make her one of the best-selling card creators of all time.
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Posted: February 16th, 2008, 3:57pm EST
A Farewell to Paper?.
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Posted: February 16th, 2008, 3:51pm EST
David Li, the Hong Kong banker and lawmaker who is paying $8.1 million to settle an insider-trading case involving Dow Jones, resigned from his city council post.
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Posted: February 16th, 2008, 3:21pm EST
Amid all the talk of an economic slowdown, Wall Street stock analysts are forecasting a stellar year for corporate profit growth.
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Posted: February 16th, 2008, 3:20pm EST
People who are bored need to create more challenges and find more meaning in their work lives.
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Posted: February 16th, 2008, 2:51pm EST
Jonathan M. Tisch is giving up his post as chairman of NYC & Company, New York’s tourism marketing organization.
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Posted: February 16th, 2008, 2:49pm EST
Convenience usually comes at a price — and that price has been climbing.
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Posted: February 16th, 2008, 2:26pm EST
In the wake of the Société Générale scandal, France’s business aristocracy finds itself in a place it never wants to be: the spotlight.
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Posted: February 16th, 2008, 2:13pm EST
The credit crisis appears to be knocking on the doors of commercial educators.
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Posted: February 16th, 2008, 2:09pm EST
Despite a decline on Thursday and Friday over worries about the economy, the stock market gained ground last week.
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Posted: February 16th, 2008, 1:07pm EST
If you can’t manage a trip abroad to learn a foreign language, the Internet and a broadband computer connection may do the job, too.
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Posted: February 15th, 2008, 5:25pm EST
It’s just like paper dolls — only digital, global, mercantile and branded.
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Posted: February 12th, 2008, 12:32pm EST
The Bush administration, trying to deal with a worsening housing slump, announced a new initiative aimed at helping homeowners about to lose their homes.
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Posted: February 12th, 2008, 12:28pm EST
A defeated amendment would have stripped immunity from companies that aided a wiretapping program.
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Posted: February 12th, 2008, 12:24pm EST
Even borrowers with strong credit are feeling the pinch as home values fall. Several banks are expected to offer assistance to ease the burden on Tuesday.
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Posted: February 12th, 2008, 12:18pm EST
The offer, made to three troubled bond guarantors, would do little to alleviate the problems the companies are facing with more complex securities.
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Posted: February 12th, 2008, 12:18pm EST
Saying a slowing market had caused the swing to a loss, G.M. also announced a buyout offer to union employees to cut costs.
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Posted: February 12th, 2008, 12:10pm EST
A Texas jury has ruled that Boston Scientific’s drug-coated stents infringe a 1997 patent issued to a radiologist and has awarded the inventor $431 million in damages, Boston Scientific said.
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Posted: February 12th, 2008, 12:09pm EST
Net profit in the fourth quarter rose to 753 million euros ($1.09 billion), helped by sales of the blood-thinner Plavix in the United States and cost-cutting measures, the company said.
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Posted: February 12th, 2008, 12:05pm EST
Forecasters said on average that there was a 47 percent chance the economy would shrink in the first quarter of 2008. Reading between the lines, recession is now unavoidable.
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Posted: February 12th, 2008, 11:57am EST
Microsoft said it would acquire Danger, a maker of consumer smartphones, an indication that the software giant is quickly moving to expand its mobile strategy.
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Posted: February 12th, 2008, 10:53am EST
The New York Times Company, under pressure from hedge funds that want to gain representation on its board, nominated two candidates of its own, Robert E. Denham and Dawn Lepore.
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Posted: February 12th, 2008, 10:42am EST
The bottler posted fourth-quarter net income of $158 million, helped by increased volume and prices in North America and Europe, and raised its annual dividend.
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Posted: February 12th, 2008, 10:34am EST
The brewer said fourth-quarter profit jumped 75 percent to $173.2 million, helped by a tax benefit and the weak dollar.
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Posted: February 12th, 2008, 10:29am EST
The advertising services company said fourth-quarter profit rose 13 percent to $313.9 million, slightly ahead of expectations, with revenue increases in the United States and internationally.
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Posted: February 12th, 2008, 10:20am EST
The mortgage lender posted a fourth-quarter loss of $509.1 million as it raised its loan-loss provisions to account for growing defaults and foreclosures.
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Posted: February 12th, 2008, 10:00am EST
The company reported fourth-quarter profit of $85 million on weakness in its risk and insurance services business.
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Posted: February 12th, 2008, 9:50am EST
The company said it lost $3.36 billion in the fourth quarter because of accounting rules related to the purchase of Organon BioSciences.
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Posted: February 12th, 2008, 9:24am EST
Safety experts say the influx of electronics is turning cars into sometimes chaotic moving family rooms.
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Posted: February 12th, 2008, 9:21am EST
The phone company reported an 89 percent rise in fourth-quarter profit, bolstered by a benefit related to income tax.
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Posted: February 12th, 2008, 8:17am EST
The bank trimmed its full-year subprime write-downs to 2 billion Swiss francs ($1.82 billion) but its stock fell as investors reacted to the bank’s remaining exposure to the credit crisis.
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Posted: February 12th, 2008, 3:38am EST
The second major outage of BlackBerry service in less than a year is an embarrassment for Ontario-based Research in Motion, the maker of BlackBerry devices.
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Posted: February 12th, 2008, 3:35am EST
The coalition of hedge funds that wants to place directors on the board of The New York Times Company has more than doubled its stake in the company.
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Posted: February 12th, 2008, 3:35am EST
When the Writers Guild of America held its awards ceremony Saturday night, it felt more like a victory celebration. So after the long strike, the writers won, right?
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Posted: February 12th, 2008, 3:25am EST
The French bank offered millions of new shares to investors at a fire-sale price Monday, seeking to replace the more than $7 billion it lost in a trading scandal.
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Posted: February 12th, 2008, 3:24am EST
Shares of retailers and home builders rose on expectations of more interest rate cuts, but those of banks and insurers fell on worries about further mortgage debt troubles.
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Posted: February 12th, 2008, 3:21am EST
Madison Avenue is optimistic that there can be long-term benefits from the disruptions caused to the broadcast television season by the writers’ strike.
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Posted: February 12th, 2008, 3:08am EST
Starbucks and AT&T said they would start offering a mix of free and paid wireless Internet service in most of Starbucks’s American shops, beginning this spring.
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Posted: February 12th, 2008, 3:05am EST
Between flight delays, missed connections and crowded flights, a business traveler has to have the resourcefulness of a person ready for stealthy ground combat.
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Posted: February 12th, 2008, 2:21am EST
A law that aims to diminish the influence of special interests on city campaigns would make it more difficult for minority candidates to run, according to a lawsuit.
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Posted: February 12th, 2008, 2:12am EST
In 15 enforcement sweeps, state investigators found $19 million in wages that were not reported to the state and $3 million in underpayments to workers.
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Posted: February 12th, 2008, 2:10am EST
A tax research group went to court Monday, arguing that the Internal Revenue Service was not complying with federal court orders to release data on its audit practices.
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Posted: February 12th, 2008, 2:09am EST
The state attorney’s office in Palm Beach County, Fla., said Monday that no charges would be filed in the drowning of Seth Tobias, 44, a hedge fund manager and regular commentator on CNBC.
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Posted: February 12th, 2008, 2:08am EST
A major maker of heparin, a blood thinner used widely in surgery and dialysis, has stopped making it after hundreds of patients reported severe allergic reactions to the drug.
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Posted: February 12th, 2008, 2:07am EST
There is a fortune to be made from selling naming rights to New York’s five Mafia families.
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Posted: February 12th, 2008, 2:06am EST
The Governors Island Preservation and Education Corporation sold an unwanted firetruck on Craigslist to a fire company in southern Pennsylvania for more than $75,000.
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Posted: February 12th, 2008, 2:04am EST
Sales of US Weekly and OK! Weekly climbed sharply in the second half of 2007, even as price increases sparked a drop in overall celebrity magazine sales.
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Posted: February 12th, 2008, 1:56am EST
The Best Buy Company, the consumer electronics chain, and the online video rental company Netlfix both announced their commitment to stock Blu-ray DVDs.
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Posted: February 12th, 2008, 1:55am EST
Hours after Yahoo officially rejected Microsoft’s takeover bid, calling it too low, Microsoft called Yahoo’s response “unfortunate” and said its proposal was “full and fair.”
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Posted: February 12th, 2008, 1:54am EST
The addition of Bank of America Corporation and the Chevron Corporation will be the first change to the blue-chip stock index in almost four years.
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Posted: February 12th, 2008, 1:52am EST
Several initial public offerings have been withdrawn in India in recent weeks as once-resilient investors rethink their commitment to India’s volatile stock markets.
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Posted: February 12th, 2008, 1:49am EST
The White House predicted the economy would escape a recession and unemployment would remain low this year, though it acknowledged growth had already slowed.
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Posted: February 12th, 2008, 1:48am EST
A new investigation offers a model for attacking what has become a flood of fake drugs, which threaten to undermine the global fight against malaria.
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Posted: February 12th, 2008, 1:48am EST
Accounting flaws at the insurance giant that understated the company’s losses raised new questions about the deteriorating health of financial companies.
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Posted: February 12th, 2008, 1:46am EST
William S. Lerach was sentenced to two years in prison and ordered to forfeit $7.75 million for concealing illegal payments to a plaintiff in class-action lawsuits.
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Posted: February 12th, 2008, 1:39am EST
A $2 billion hedge fund fails, and there will be more, analysts say.
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Posted: February 12th, 2008, 1:25am EST
You would never know a recession might be under way from looking at Intuitive Surgical, the leader in medical robot technology.
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Posted: February 12th, 2008, 1:23am EST
Prosecutors insisted Monday that five former executives from the American International Group deliberately mounted a fraud to manipulate its financial statements.
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Posted: February 12th, 2008, 1:23am EST
The Tolkien Trust joined a private family trust of Tolkien heirs and the British arm of HarperCollins Publishers in suing New Line Cinema for breach of contract.
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Posted: February 12th, 2008, 12:37am EST
In one corner of Wall Street, money is still gushing. Early shareholders may be protected, but long-term investors may be the suckers.
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Posted: February 6th, 2008, 12:10pm EST
The company said it plans to separate AOL’s access business, which is its dial-up Internet service, from its audience unit, its portal and advertising business.
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Posted: February 6th, 2008, 11:57am EST
BHP increased its takeover offer to about $147 billion after a Chinese rival bought a stake in Rio Tinto last week.
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Posted: February 6th, 2008, 11:30am EST
The health insurer said its fourth-quarter profit rose 13 percent on higher premiums and fees from specialty insurance and Medicare Part D.
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Posted: February 6th, 2008, 10:40am EST
The newspaper publisher recorded $4.2 million profit in the third quarter, but it saw advertising revenue erode more quickly in September.
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Posted: February 6th, 2008, 10:23am EST
The food and household products manufacturer said that its third-quarter profit doubled, but the results fell short of Wall Street expectations.
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Posted: February 6th, 2008, 10:10am EST
The biotechnology company reported fourth-quarter net income of $201.2 million on strong sales of its two leading drugs, Rituxan and Avonex.
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Posted: February 6th, 2008, 10:09am EST
Polo’s lower tax rate helped it offset the negative effects of accounting for recent acquisitions, investments in expansion and higher costs.
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Posted: February 6th, 2008, 10:00am EST
Retail sales fell by 0.6 percent last month as consumers, battered by plunging home prices and a credit crunch, stayed away from the malls in February.
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Posted: February 6th, 2008, 10:00am EST
The comapny reported a quarterly loss of $369.9 million, citing taxes, difficulty in its mortgage referral unit and costs for proposed spinoffs that would make five companies out of one.
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Posted: February 6th, 2008, 9:59am EST
The company, which makes night-vision systems, military radios and sewage treatment equipment among other products, reported quarterly net income of $158.3 million.
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Posted: February 6th, 2008, 9:36am EST
The company posted first-quarter net income of $949 million, fueled by strong demand from telecommunications customers and a tax benefit.
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Posted: February 6th, 2008, 9:14am EST
The company beat Wall Street expectations as lower income tax expenses and increased digital revenue drove fourth-quarter profit up.
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Posted: February 6th, 2008, 8:29am EST
Stocks plummeted after a business survey provided another strong signal that the United States might be in the early stages of a recession.
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Posted: February 6th, 2008, 3:56am EST
Asian markets plunged after a new signal of U.S. recession prompted steep declines on Wall Street.
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Posted: February 6th, 2008, 3:54am EST
In brief remarks to photographers, Jérôme Kerviel said that while he took responsibility for booking billions of euros in fictitious trades, he was “singled out” by Société Générale.
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Posted: February 6th, 2008, 3:06am EST
Toyota said its profit rose 7.5 percent in the October-to-December quarter as its strategy of shifting its focus to emerging markets appears to be paying off.
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Posted: February 6th, 2008, 3:06am EST
The company that produced a commercial featuring two animated pandas speaking with what were intended as Chinese accents is withdrawing the ads after complaints.
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Posted: February 6th, 2008, 3:01am EST
Whatever the outcome of Microsoft’s bid for Yahoo, the move and Google’s countermoves mark an escalation in the confrontation between the two companies.
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Posted: February 6th, 2008, 2:42am EST
Frank Gehry’s problematic Santa Monica, Calif., shopping mall won’t be razed, but it’s losing its roof.
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Posted: February 6th, 2008, 2:42am EST
Mr. Illy, who as chairman of Illycaffè, maker of an expensive brand of coffee, was renowned as a scientific perfectionist of coffee and as an evangelist of espresso.
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Posted: February 6th, 2008, 1:56am EST
A French court ordered Ryanair to pay damages to President Nicolas Sarkozy and his new wife for using a photograph of them in an advertisement.
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Posted: February 6th, 2008, 1:49am EST
The “Red” campaign launched a year ago by rock star Bono has generated more than $22 million to fight H.I.V. and AIDS in Rwanda, but critics say not enough money is getting to clinics.
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Posted: February 6th, 2008, 1:33am EST
Ukraine joined the World Trade Organization on Tuesday after 14 years of negotiations, a milestone for the former Soviet republic.
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Posted: February 6th, 2008, 1:20am EST
A former Dow Jones & Company director and three associates will pay more than $24 million to settle charges that they traded illegally on inside knowledge of the News Corporation’s takeover of Dow Jones.
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Posted: February 6th, 2008, 1:16am EST
Disney posted a quarterly profit far ahead of Wall Street targets on strong results at its theme park, media and consumer products groups, sending shares up 5 percent.
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Posted: February 6th, 2008, 12:55am EST
Excluding cancellations, 2007 was the worst on record for flight delays, with 24.2 percent of flights arriving late, compared with 23.9 percent in 2000.
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Posted: February 6th, 2008, 12:51am EST
The bank solicited business from companies it knew had been accused of telemarketing crimes, documents show.
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Posted: February 6th, 2008, 12:45am EST
The battle over Rio Tinto intensified after BHP Billiton increased its takeover offer to about $147 billion after a Chinese rival bought a stake last week.
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Posted: February 6th, 2008, 12:45am EST
The company said its net income rose to $156 million, or 59 cents a share, from $45 million, or 29 cents a share in the period a year earlier.
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Posted: February 5th, 2008, 11:46pm EST
Congressional Democrats said they would not bow to pressure and simply make modest changes to the less expensive stimulus plan that was approved by the House last week.
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Posted: February 5th, 2008, 11:31pm EST
The diversified manufacturer said its fiscal first-quarter profit fell 54 percent from a year earlier, when it still owned its health care and electronics businesses.
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Posted: February 5th, 2008, 11:11pm EST
CBS plans to announce on Wednesday that it is trying one of the first serious experiments with cellphone advertising that is customized for a person’s location.
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Posted: February 5th, 2008, 10:56pm EST
Ritchie Capital will pay $40 million to settle investigations into its trading practices from 2001 to 2003, regulators and the company said.
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Posted: February 5th, 2008, 10:56pm EST
Hurt by the housing slump, the home mortgage lender said it lost $724 million in the fourth quarter.
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Posted: February 5th, 2008, 10:52pm EST
The editor of Vanity Fair, Graydon Carter, said canceling its annual affair was the right thing to do, whether or not there was a breakthrough in the writers’ strike.
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Posted: February 5th, 2008, 10:45pm EST
The British oil giant said it would cut an additional 5,000 jobs by the middle of next year in an effort to slim management and make the company more efficient.
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Posted: February 5th, 2008, 7:56pm EST
The Whirlpool Corporation said its fourth-quarter profit climbed 72 percent, helped by its acquisition of Maytag, an improved product mix and the weak dollar.
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Posted: February 5th, 2008, 12:10pm EST
Shares plunged after a service-sector report provided another signal that the U.S. may be in the early stages of a recession.
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Posted: February 5th, 2008, 11:56am EST
The company’s residential lending division, Residential Capital, lost $921 million during the quarter because of continued deterioration in the housing market.
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Posted: February 5th, 2008, 11:40am EST
The diversified manufacturer said second-quarter profit tumbled 67 percent from the same period a year ago, when it had substantial profits from now-discontinued operations.
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Posted: February 5th, 2008, 11:15am EST
Société Générale encouraged a culture of risk, enabling rogue trader Jérôme Kerviel’s activities to go undetected, according to bank officials.
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Posted: February 5th, 2008, 11:12am EST
With Microsoft hoping to buy Yahoo, Google has begun to lay the groundwork to try to delay or derail any deal.
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Posted: February 5th, 2008, 11:09am EST
With a lift from the falling dollar and better-than-expected sales in several divisions, the company has delivered a pleasant earnings surprise to its long-suffering shareholders.
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Posted: February 5th, 2008, 10:21am EST
Quarterly profit rose 72 percent as strong international sales and savings from the Maytag acquisition offset a drop in U.S. demand at the appliance maker.
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Posted: February 5th, 2008, 10:16am EST
A former Credit Suisse banker accused of leaking confidential information about several major deals was convicted in Federal District Court in Manhattan.
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Posted: February 5th, 2008, 10:14am EST
As it tries to overtake General Motors as the leading global automaker by sales, Toyota’s strategy of shifting its focus to emerging markets from the United States appears to be paying off.
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Posted: February 5th, 2008, 10:00am EST
Fourth-quarter earnings dropped 30 percent to $128.9 million on restructuring and other charges, but the results still beat analysts’ estimates.
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Posted: February 5th, 2008, 9:55am EST
The trans-Atlantic stock exchange operator said it earned $230 million in the first quarter, reflecting the addition of Euronext’s activities to those of the parent of the New York Stock Exchange.
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Posted: February 5th, 2008, 8:56am EST
The E.U.’s decision to ban Brazilian beef imports is “unjustifiable and arbitrary” and could result in shortages and higher prices for European consumers, officials and agricultural specialists say.
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Posted: February 5th, 2008, 8:29am EST
Surging oil prices fueled the quarterly results, but full-year profit fell due to refining outages and rising costs.
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Posted: February 5th, 2008, 8:06am EST
Analysts say a shift toward thrift could have huge implications for an economy driven largely by consumer spending.
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Posted: February 5th, 2008, 2:28am EST
Trans-Atlantic business-class fares are about to become even more complicated as competition grows and demand holds up.
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Posted: February 5th, 2008, 2:10am EST
The Internet, digital video recorders, mobile devices and other technologies are giving a strong postgame presence to the annual roster of Super Bowl commercials.
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Posted: February 5th, 2008, 1:46am EST
In a letter outlining Microsoft’s hopes to Yahoo C.E.O. Jerry Yang, Microsoft C.E.O. Steven Ballmer followed a storied tradition on Wall Street: the bear hug letter.
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Posted: February 5th, 2008, 1:37am EST
Some experts fear that a boom in gas demand for electricity generation will send prices even higher.
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Posted: February 5th, 2008, 1:33am EST
Thirteen years after acquiring Bauer, and making bold promises that it would transform the business of hockey, Nike has put its Nike Bauer unit up for sale.
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Posted: February 5th, 2008, 1:20am EST
A move by China in a possible mining deal could sharply increase the price of what would be one of the biggest mergers in corporate history.
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Posted: February 5th, 2008, 1:11am EST
Orders placed with factories rose 2.3 percent in December, an increase from the 1.7 percent gain in November and the biggest rise since July.
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Posted: February 5th, 2008, 1:05am EST
The strong quarter capped a record-breaking 2007 for Humana in membership, revenue and profit, eclipsing previous highs set in 2006.
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Posted: February 5th, 2008, 1:05am EST
The Clorox Company, the consumer products maker, posted a lower quarterly profit on Monday, hurt by rising costs for raw materials but helped by a lower tax rate.
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Posted: February 5th, 2008, 1:05am EST
Oilseed-processing and rising demand for feed grains offset declining margins in the food-processing company’s ethanol business.
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Posted: February 5th, 2008, 1:04am EST
A bankruptcy judge has authorized the all-business-class airline to auction itself under conditions that have raised the concerns of the federal official monitoring the case.
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Posted: February 5th, 2008, 1:04am EST
The hamburger chain Wendy’s International said that fourth-quarter earnings more than quadrupled from a year ago, but it fell short of Wall Street expectations.
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Posted: February 5th, 2008, 12:56am EST
Facing accusations of price gouging, insurance company executives said that they had been forced to raise rates to offset losses and prepare for the possibility of more frequent hurricanes in the future.
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Posted: February 5th, 2008, 12:07am EST
The New Jersey attorney general’s office issued subpoenas Monday to two companies involved in the development of the Prodisc, an artificial spinal disk for the lower back.
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Posted: February 5th, 2008, 12:03am EST
Wall Street retrenched Monday, closing substantially lower as investors cashed in profits from the market’s best week in nearly five years.
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Posted: February 4th, 2008, 11:59pm EST
Olivant Advisers dropped its bid for troubled British mortgage lender Northern Rock, saying its offer would not satisfy both the government and its own interests.
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Posted: February 4th, 2008, 11:59pm EST
This time, the market faces a new factor, climate change.
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Posted: February 4th, 2008, 11:49pm EST
Jean-Claude Trichet, president of the European Central Bank, is standing resolute about inflation, but he is watching the American economy closely.
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Posted: February 4th, 2008, 11:40pm EST
The company, which closed a $5.6 billion deal to buy Dow Jones & Company in December, said quarterly profit increased to $832 million, or 27 cents a share.
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Posted: February 4th, 2008, 11:39pm EST
The Sun-Times Media Group Inc., the parent company of The Chicago Sun-Times, said Monday that it was considering a sale of the company and its assets.
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Posted: February 4th, 2008, 10:31pm EST
Most telecommunications specialists and cable operators say that sabotage seems unlikely, but no one knows specifically how the cables were damaged or if the incidents were related.
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Posted: February 4th, 2008, 12:20pm EST
Higher earnings from oilseed processing and rising demand for feed grains offset declining margins in the company’s ethanol business.
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Posted: February 4th, 2008, 12:12pm EST
In an industry that favors start-ups, a faint stodginess clings to Microsoft and Yahoo that could impede their ability to draw top engineering talent.
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Posted: February 4th, 2008, 12:05pm EST
Some fear a less lucrative future for writers as studios turn to alternatives.
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Posted: February 4th, 2008, 12:01pm EST
The Mac may be the cooler computer, but aren’t there more PC users in the world?
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Posted: February 4th, 2008, 11:53am EST
Google is making an unusually aggressive effort to block Microsoft’s $44.6 billion hostile bid for Yahoo.
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Posted: February 4th, 2008, 11:50am EST
Fourth-quarter earnings rose 42 percent from a year ago as profit margins at its U.S. stores improved despite higher commodity costs.
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Posted: February 4th, 2008, 11:41am EST
The company was hurt by rising costs for raw materials used in such products as its Glad plastic storage bags and Hidden Valley salad dressings.
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Posted: February 4th, 2008, 10:28am EST
A real estate trade group said sales of existing homes rose by the largest amount in more than five years in September.
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Posted: February 4th, 2008, 10:23am EST
Report cards are in, and the grades are not good: New York City private schools have given The New York Sun an F.
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Posted: February 4th, 2008, 9:50am EST
The health insurer got a boost from its growing government segment, a lower-than-expected income tax rate and a gain on the sale of a venture capital investment.
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Posted: February 4th, 2008, 8:03am EST
As other high-tech companies cut back on their research labs, Microsoft continues to increase its ranks of free-rein thinkers.
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Posted: February 4th, 2008, 3:43am EST
Economists say the stimulus package and other efforts to address the economic slowdown are likely to be cold comfort to incumbent politicians in November.
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Posted: February 4th, 2008, 3:43am EST
There is more consensus than disagreement in the parties over tax, health and Iraq proposals, though the presidential candidates do disagree over means, priorities and each other’s sincerity.
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Posted: February 4th, 2008, 3:19am EST
The best-known television pundits who hold politicians to account are entangled in old partisanship and past allegiances.
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Posted: February 4th, 2008, 3:03am EST
A serious discussion on pressing national issues may be good for the country. But it isn’t necessarily good television.
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Posted: February 4th, 2008, 3:00am EST
Biotechnology giant Amgen is selling the Japanese rights to some drugs to Takeda Pharmaceutical of Japan in a deal that might bring Amgen more than $1 billion.
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Posted: February 4th, 2008, 2:36am EST
With its endorsement of Barack Obama, Rupert Murdoch and The New York Post tack in a different direction.
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Posted: February 4th, 2008, 2:32am EST
Mad magazine enlists the talents of 10 Pulitzer Prize-winning cartoonists for its two-page exposé, “Why George W. Bush Is in Favor of Global Warming.”
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Posted: February 4th, 2008, 2:24am EST
An assessment of some of the high and low points among this year’s Super Bowl ads.
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Posted: February 4th, 2008, 1:21am EST
The Treasury’s schedule of financing this week includes Monday’s regular weekly auction of new three- and six-month bills and an auction of four-week bills Tuesday.
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Posted: February 4th, 2008, 1:19am EST
The Queensland Gas Company, an Australian producer of natural gas from coal seams, and the BG Group of Britain plan to invest about 8 billion Australian dollars ($7.2 billion) in an export project in northeastern Australia to tap rising demand for the fuel.
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Posted: February 4th, 2008, 1:17am EST
The British bank could face nationalization should an effort being led by Prime Minister Gordon Brown’s government fail to find a buyer.
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Posted: February 4th, 2008, 1:07am EST
A predictions market about technology that can benefit from the wisdom of crowds.
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Posted: February 4th, 2008, 12:58am EST
Diapers, wipes and formula — the basics — draw in other more lucrative purchases.
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Posted: February 4th, 2008, 12:57am EST
G.M.’s international strategy isn’t about focusing on a single brand. Instead, it wants its consumers to be able to choose from a fleet of them.
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Posted: February 4th, 2008, 12:53am EST
Sometimes media metrics and audiences have very different views of what works.
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Posted: February 4th, 2008, 12:33am EST
Name-squatting on the Internet is nothing new, but one public relations firm has found a novel use for it in promoting a nascent awards and networking program.
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Posted: February 4th, 2008, 12:31am EST
A new Web site, Japander.com, catalogs Japanese ads featuring Western actors, like Harrison Ford drinking Kirin beer or Charlize Theron selling Lux products
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Posted: February 4th, 2008, 12:28am EST
The network’s charge for access to content over the Internet has been troubling.
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Posted: February 4th, 2008, 12:26am EST
A battle royal shaping up between Barry Diller and John C. Malone over IAC/Interactive is not about their personal differences, despite the juicy material this provides.
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Posted: February 3rd, 2008, 11:45pm EST
The French government is calling for tighter risk-control measures and a broad review of bank rules in response to losses from the trading scandal at Société Générale.
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Posted: February 3rd, 2008, 10:38pm EST
Jay Leno has maintained his customary position atop the ratings in late-night television despite the Hollywood writers’ strike.
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Posted: February 3rd, 2008, 3:56pm EST
In a post on its Web site, Google said the deal could pose threats to “innovation and openness” on the Internet.
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Posted: February 3rd, 2008, 10:59am EST
A feud over influence at American International Group, the world’s largest insurer, continues in legal papers and in public.
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Posted: February 3rd, 2008, 9:02am EST
Informal talks have eliminated the major roadblocks to a new contract, people briefed on the situation said.
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Posted: February 3rd, 2008, 7:12am EST
A high-end children’s clothing and toy store in Manhattan helps support the Children’s Aid Society, not only with money but also with job training.
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Posted: February 3rd, 2008, 7:11am EST
Online tools can help workers assess their plan’s health.
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Posted: February 3rd, 2008, 7:11am EST
With the help of resources that have emerged online in recent years, investing in commercial real estate is easier and far more transparent than a decade ago.
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Posted: February 3rd, 2008, 7:10am EST
As humans, we want to believe that creativity and innovation come in flashes of pure brilliance, with great thunderclaps and echoing ahas. Balderdash.
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Posted: February 3rd, 2008, 7:10am EST
France has always had a soft spot for the lawbreaker. Now Jérôme Kerviel, the trader who cost Société Générale more than $7 billion, has attracted a fan club of his own.
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Posted: February 3rd, 2008, 12:37am EST
In Silicon Valley, buying rather than building from the bottom up is seen as counter to the reinvention culture.
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Posted: February 3rd, 2008, 12:27am EST
Buoyed by another Federal Reserve interest-rate cut and by Microsoft’s $44.6 billion bid for Yahoo, the broad stock market rose last week.
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Posted: February 3rd, 2008, 12:14am EST
English and Only English?.
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Posted: February 2nd, 2008, 11:09pm EST
During my climb up the corporate ladder, I saw some women who didn’t have enough confidence and other women who might make a fight when there didn’t need to be one.
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Posted: February 2nd, 2008, 11:08pm EST
The office grapevine fulfills a human need, but not all needs are benign.
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Posted: February 2nd, 2008, 11:07pm EST
“Judgment,” by Noel M. Tichy and Warren G. Bennis, is a valentine to that savior-leader, especially to the all-deciding C.E.O.
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Posted: February 2nd, 2008, 11:06pm EST
Amid growing recession fears, it’s only natural that U.S. investors are a little spooked. But how do you explain that foreign stocks are off to an even worse start in 2008?
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Posted: February 2nd, 2008, 11:06pm EST
My birthday wish is for all of us to stop asking what the government can do for us today and to focus instead on what we can do to prepare the economy for our children.
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Posted: February 2nd, 2008, 11:05pm EST
Radar Networks is testing a free, Web-based application, called Twine, that may provide some robotic secretarial help in organizing and retrieving documents.
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Posted: February 2nd, 2008, 11:01pm EST
The mortgage brokers, traders and bankers who took in big bucks steering customers into subprime loans should not be allowed to slink offstage without recognition.
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Posted: February 2nd, 2008, 10:59pm EST
Siemens, the 161-year-old conglomerate based in Munich, has been disproving the skeptics who questioned whether an industrial giant could be a stock market star.
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Posted: February 2nd, 2008, 10:59pm EST
Economic events in January, it turns out, were enough to crack the composure of some usual glass-is-half-full types.
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Posted: February 2nd, 2008, 10:58pm EST
Microsoft’s proposed mega-bid for Yahoo is based on its own particular corporate needs and may not be a harbinger of rampant deal-making in Silicon Valley.
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Posted: February 2nd, 2008, 10:19pm EST
Look who’s governmentizing the private sector.
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Posted: February 2nd, 2008, 2:41pm EST
Ronald O. Perelman’s neo-Georgian town house on East 63rd Street holds the distinction of being the highest-taxed single-family home in New York City.
