NYT > Business (27 unread)
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French Court Releases Rogue Trader
Posted: March 18th, 2008, 6:15am EDT by By NICOLA CLARK
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A French appeals court ruled that Jérôme Kerviel, the former trader Société Générale has blamed for billions in losses, should be released from jail while an investigation continues. -
Bush Supports Fed’s Actions, but Critics Quickly Find Fault
Posted: March 18th, 2008, 3:25am EDT by By STEVEN LEE MYERS
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The White House faced accusations that it is helping a corporate giant but doing little to aid Americans facing foreclosure. -
Times Company Agrees to 2 Outsiders on Its Board
Posted: March 18th, 2008, 3:16am EDT by By RICHARD PÉREZ-PEÑA
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The New York Times Company has struck a deal with a pair of hedge funds, giving the funds two seats on the board in order to avoid a proxy fight. -
Rallying the House of Morgan
Posted: March 18th, 2008, 3:11am EDT by By ERIC DASH
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James Dimon, as head of JP Morgan Chase, has suddenly become the most talked about, and arguably the most powerful, banker in the world today. -
Aftershocks of a Collapse, With a Bank at the Epicenter
Posted: March 18th, 2008, 3:05am EDT by By LANDON THOMAS Jr.
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For employees of Bear Stearns, many of whom have spent most of their professional lives at Bear, the sudden collapse was unfathomable. -
Plunge Averted, Markets Look Ahead Uneasily
Posted: March 18th, 2008, 2:56am EDT by By VIKAS BAJAJ
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Nervousness pervaded Wall Street despite the efforts by the Federal Reserve to restore order within the financial system. -
News Analysis: Rescue Puts Credibility of the Fed on the Line
Posted: March 18th, 2008, 2:53am EDT by By EDMUND L. ANDREWS
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The Fed is putting its reputation and resources on the line to rescue Wall Street’s biggest institutions from their far-reaching mistakes. -
Itineraries | On the Road: A Cross-Country Flight That Can Cure a Bad Mood
Posted: March 18th, 2008, 2:41am EDT by By JOE SHARKEY
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I was in no mood for a bad trip when I left for a 7 a.m. Virgin America flight to New York. And I didn’t get one. -
Investor Buying H&R Block Unit
Posted: March 18th, 2008, 2:40am EDT by By REUTERS
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The investor is buying the mortgage servicing business of H& R Block for $1.1 billion. -
Frequent Flier: Letting His Lapel Spread the Word About His Cause
Posted: March 18th, 2008, 2:30am EDT by By MARK ROITHMAYR; As told to JOAN RAYMOND
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I’M not a famous person, but my lapel pin makes me feel like one. -
Citi Names New Chief of Investment Banking
Posted: March 18th, 2008, 2:28am EDT by By ERIC DASH
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Shaking up its leadership for the third time in six months, Citigroup has named John Havens as the new head of its investment banking and alternative investments group. -
At Lehman, Allaying Fears About Being the Next to Fall
Posted: March 18th, 2008, 2:27am EDT by By JENNY ANDERSON
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Since the mortgage market crisis unfolded in the summer, investors have fretted that Lehman will stumble, and its stock has fallen from a peak of $82 a share then. -
Dealbook: Saving Wall St. (For Now)
Posted: March 18th, 2008, 2:19am EDT by By ANDREW ROSS SORKIN
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Bear Stearns’s downfall and subsequent sale to JPMorgan Chase on Sunday was orchestrated by some of the most powerful people on Wall Street and in Washington. -
When a Safety Net Can Lead to Risky Behavior
Posted: March 18th, 2008, 2:17am EDT by By DAVID LEONHARDT
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Critics of the Federal Reserve’s role in the sale of Bear Stearns have raised the specter of moral hazard. What is moral hazard? -
French Bank in Scandal Overhauls Top Ranks
Posted: March 18th, 2008, 2:12am EDT by By NICOLA CLARK
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Société Générale, the French bank hobbled by a trading loss of more than $7 billion, announced Monday that it was reorganizing its senior management team. -
Court Hands Setback to Microsoft
Posted: March 18th, 2008, 2:11am EDT by By THE ASSOCIATED PRESS
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The Supreme Court handed Microsoft a defeat on Monday by refusing to rule on its request to halt an antitrust suit against it. -
New Trial Is Ordered for Qwest Ex-Chief
Posted: March 18th, 2008, 2:10am EDT by By DAN FROSCH
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A federal appeals court panel reversed the insider-trading conviction of Joseph P. Nacchio, ruling that a federal district court judge had wrongly excluded a witness. -
Corporate Sponsorship for a Wind Farm
Posted: March 18th, 2008, 2:09am EDT by By CLAUDIA H. DEUTSCH
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At a time when most companies are scrambling for a prime seat on the green bandwagon, why not a company-branded wind farm? -
Ford Displays a Wreck to Score Safety Points
Posted: March 18th, 2008, 2:09am EDT by By NICK BUNKLEY
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Ford is desperate to re-establish itself with consumers who defected to Asian and European nameplates. -
Itineraries: Paper Is Out, Cellphones Are In
Posted: March 18th, 2008, 2:05am EDT by By SUSAN STELLIN
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The mobile check-in may well be the first step in direct communications between airlines and passengers as they travel. -
CME to Buy Nymex in $9.4 Billion Deal
Posted: March 18th, 2008, 2:04am EDT by By THE ASSOCIATED PRESS
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The CME Group said Monday that it would buy the New York Mercantile Exchange in a $9.4 billion cash-and-stock deal. -
Pilots’ Talks Apparently Fail in a Northwest-Delta Hookup
Posted: March 18th, 2008, 2:03am EDT by By JEFF BAILEY
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Pilots at Delta Air Lines and Northwest Airlines appear to have given up efforts to combine their seniority lists. -
As Dollar Keeps Falling, Talk of a Move by Japan
Posted: March 18th, 2008, 2:01am EDT by By MARTIN FACKLER
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The dollar, which tumbled to an almost 13-year low against the yen on Monday, may soon find a protector here — the Japanese finance ministry. -
Manufacturing Activity Shows Declines
Posted: March 18th, 2008, 2:00am EDT by By MICHAEL M. GRYNBAUM
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A closely watched measure of manufacturing activity in the New York area plunged in March to the lowest level on record. -
International Paper Buys Weyerhaeuser Unit
Posted: March 18th, 2008, 2:00am EDT by By REUTERS
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The $6-billion acquisition makes International Paper North America’s largest maker of corrugated boxes. -
Whole Class of Debt in Canada Is Bankrupt
Posted: March 18th, 2008, 2:00am EDT by By IAN AUSTEN
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A $32 billion segment of Canada’s debt market was placed under bankruptcy protection on Monday after a committee established to restructure the troubled debt missed a deadline. -
Troubled Outlook for New York City Economy Turns a Lot Grimmer
Posted: March 18th, 2008, 1:59am EDT by By PATRICK McGEEHAN
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The outlook for New York City’s economy and its main engine, the financial services industry, had already taken a bleak turn before the sudden failure of Bear Stearns.