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When the current fiscal year ends on July 1, state and city spending will fall, along with employment.
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Posted: May 31st, 2008, 11:33pm EDT
To the Editor:.
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Posted: May 31st, 2008, 11:32pm EDT
To the Editor:.
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Bus tours of recently foreclosed homes are common elsewhere in the country, but the phenomenon is new to Nassau County.
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A big salary might have too much of an emotional price and the fear of losing it may stand in the way of what could be meaningful success.
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The United States military — credited with spawning the Internet — also helped in the genesis of venture capital, a new book says.
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As energy is unlocked from fuels at power plants, two-thirds of the energy consumed to create electricity is lost.
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The old rule used used to dissuade business travelers from booking discount leisure fares in advance has returned.
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A recent report found that even though overall holiday sales were sluggish in 2007, online sales remained strong.
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The overall stock market managed a small gain for the week, and technology stocks propelled the Nasdaq composite index to a hefty advance.
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The legal battle between UBS and Paramax Capital, a group of hedge funds, is giving investors a gander at how the freewheeling credit default swaps market works.
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It is the railroads’ core business — carrying raw materials — that has sustained them, and their stock prices, through the softening economy and soaring fuel prices.
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A new study has found that over the long term, stocks that are dropped from an index generally outperform those that are added.
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Posted: May 31st, 2008, 10:34pm EDT
The chief executive of the Toronto-Dominion Bank plans to give a significant portion of the proceeds of his exercise of his stocks options to charity, and other items.
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As executives and entrepreneurs seek creative solutions to current business problems, the triumphs of several historical figures are being revisited for the innovation lessons they can teach.
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A cut in the corporate tax is perhaps the best simple recipe for promoting long-run growth in American living standards.
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Ms. Johnson was the co-founder of Black Entertainment Television and presently has ownership in three professional sports teams.
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A vast majority of workers who receive a diagnosis of cancer return to their jobs during or after treatment, but much depends on the treatment itself and the severity of the disease.
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To sell its appliances directly to the public, General Electric leased a 10th-floor space among some high-end competitors in Manhattan.
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The sound quality of phone calls carried digitally by phone companies through their “triple play” bundles is now excellent but downtime still occurs.
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How Tyra Banks turned herself — fiercely — into a brand.
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In a telephone interview, Sharon Stone was at first strident and then contrite about her remarks about China.
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A banker indicted in a tax inquiry of the Swiss giant UBS is expected to enter a guilty plea next month and cooperate with investigators.
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James E. Cayne, Bear Stearns’s chairman, presided over a meeting that marked the end of the firm’s independence.
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The Federal Deposit Insurance Corporation warned that the nation’s ailing banking industry was likely to weaken further.
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The value of processed fryer oil has increased in recent months to historic highs, and there have been reports of thefts from restaurants in multiple states.
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Federal regulators said that they have been investigating oil and derivative markets for six months to look into potential price manipulation.
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The Trump Marina Hotel Casino is being sold for $316 million to a New York company, Coastal Marina, that plans to rename it “Margaritaville.”
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Dior said it had dropped Sharon Stone from its advertising in China after she suggested that the earthquakes in Sichuan Province were karmic retribution for the country’s treatment of Tibet.
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The computer maker said that first-quarter profit rose 4 percent to $784 million driven by strong sales of notebook computers, topping analysts’ forecasts.
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The buyouts add up to a quarter of a unionized work force at General Motors that already has been dramatically pared down.
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Environmental groups want to shut down Vermont’s only nuclear power plant, but closing it might mean the state would probably have to derive extra power from suppliers that use fossil fuels.
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The final Harry Potter installment gave a much-needed jolt to the publishing industry last July, but publishers still struggled to sell more books overall than they did in 2006.
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The major victories for Merck pushed the litigation over Vioxx closer to conclusion and highlighted the difficulty that plaintiffs’ lawyers are having in winning lawsuits against big drug companies.
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The legislation would ban candy, fruit and spice flavorings in cigarettes, but specifically exempts menthol flavorings.
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Despite support, plans to take the carbon dioxide that spews from coal-burning power plants and pump it back into the ground have hit roadblocks.
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A scarf that the food celebrity Rachael Ray wore in a Dunkin’ Donuts advertisement on the Web has generated much attention from conservative bloggers.
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European governments, already under pressure from slowing economic growth and falling tax revenue, are increasingly concerned that the anger over higher gas prices could grow.
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Some of the biggest losers in the real estate slump are not purchasers of mansions they could not afford. They are buyers of second homes who are sitting on a tax time bomb.
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United Airlines told US Airways that it had decided not to continue talks on a possible merger, people with direct knowledge of the situation said.
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MasterCard, the credit and debit card processor, said it expected double-digit revenue growth for 2008, and raised its long-term profit outlook.
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Call it the law of unintended consequences. When you fix one thing, it messes up other things.
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A retired professor at St. John’s University is accused of passing inside information about a multibillion-dollar corporate takeover to a professor at Pace University.
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Minorities and people without college degrees pay more in mortgage fees than do white applicants and those with a higher education, according to a study.
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The H. J. Heinz Company raised its forecast for annual earnings growth, with foods it promotes as healthier and business in emerging markets contributing to the increase.
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Stocks rose for the third consecutive session Thursday as oil prices fell sharply and the government reported that the economy grew at a faster rate in the last quarter than previously estimated.
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Vladimir O. Potanin and Alisher B. Usmanov are moving to merge their companies with the goal of creating the world’s largest mining concern.
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The economy grew at a faster pace than originally estimated in the first quarter, the government said, but the nation remained on track for its most stagnant period of growth in five years.
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Prices for farm crops should gradually come down, but they will remain substantially higher than average over the next decade, according to a report by the United Nations and the O.E.C.D.
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Companies have been building capacity to import natural gas, but much of it is idle as imports have fallen.
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The department store retailer posted its second quarterly loss since Kmart acquired Sears stores in 2005, falling far short of Wall Street forecasts.
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Reaching across the Israeli-Palestinian divide, G.ho.st is developing a free, Web-based virtual computer.
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Ahead of an expected W.T.O. ruling on subsides, European officials suggested this week that they would help finance the Airbus A350, the rival to the Boeing 787.
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Using pumps so old that the meters go only as high as $3.99 a gallon, some service stations are pricing gasoline by the half-gallon.
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A group of former employees are accusing U.S. Sugar insiders of scheming to enrich themselves by buying workers’ shares back on the cheap.
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On the surface, the Mott Children’s Health Center appears to hold a pivotal stake in U.S. Sugar.
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Stocks rose for a second day as a rebound in oil prices set off a late-day rally in energy shares, and a better-than-forecast report on durable goods orders lifted industrial companies.
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The beverage bottler Coca-Cola Enterprises said it expects second-quarter profit to fall by nearly 10 percent, citing the weak North American economy.
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Starting in June, people who play The Sims 2 will be able to buy a “stuff pack” that lets them decorate their simulated families’ homes with Ikea furniture.
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As additional mergers in the airline industry look less likely, American carriers face a future of making further cuts to survive in an era of soaring jet-fuel prices.
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At the 2008 Robin Hood Foundation benefit, hedge fund managers donated $56.5 million to charity. But many of the market wizards are making less these days — and they are giving away less, too.
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Here are three new (somewhat complicated) products to help convert photos, tape cassettes and LPs to digital files.
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The cost of gasoline and eggs may be soaring, but most clothing has gotten cheaper in the last decade.
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The regulator who oversees national banks is protesting an agreement by Fannie Mae and Freddie Mac to stop buying loans involving lenders’ in-house appraisers.
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The Supreme Court adopted a broad interpretation of workers’ rights, ruling that employees are protected from retaliation when they report discrimination.
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Rex W. Tillerson, Exxon Mobil’s chairman and chief executive, beat back a shareholder effort to take away one of his jobs, avoiding a serious rebuke to his authority.
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Orders to U.S. factories for big-ticket manufactured goods fell by a smaller-than-expected amount in April, with many sectors outside of transportation showing strength.
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Fewer than half of the hourly employees at American Axle who return to work this week after going on strike in February will still have jobs in a year, executives said.
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The Federal Reserve said that a governor, Frederic S. Mishkin, was resigning effective Aug. 31. Mr. Mishkin said that he would return to his teaching post at Columbia University.
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U.P.S. said that it was working toward an agreement with DHL’s Express unit in America to carry air freight for some DHL units within the United States.
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Noël Forgeard, the former co-chief of European Aeronautic Defense & Space, was detained by the French police for questioning related to an insider trading investigation.
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The chemical giant, which supplies a broad swath of industries, from agriculture to health care, said that it would raise its prices by up to 20 percent to offset the soaring cost of energy.
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These days, business schools teach that leadership exists at all levels, and corporate life should be about much more than just making money.
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The agreement between the American Federation of Television and Radio Artists and the producers builds pressure on a bigger actors union, the Screen Actors Guild, to craft a similar solution.
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The United States has filed a complaint with the World Trade Organization over European tariffs on high-tech goods like computer monitors and printers.
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After rewriting the rulebook at the Federal Reserve, Ben S. Bernanke appears to have quieted many of his critics.
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Talks between United and US Airways appear to have fallen apart, the second time in a month that United failed to reach a deal with a rival airline.
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Coors Light is extending its presence in the new media with efforts on the social networking Web sites Facebook and MySpace.
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Viewers have been reading the recommendations of local TV critics for years. Soon a subset of TiVo users will be able to automatically record a critic’s picks of The Chicago Tribune.
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Borders said its same-store sales fell and its losses narrowed in the first quarter, and Wall Street greeted unveiling of the bookseller’s redesigned Web site with a sell-off.
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A New York judge concluded that the computer retailer Dell engaged in repeated false and deceptive advertising of its promotional credit financing and warranties.
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While the number of hotel deals during the first quarter plummeted by more than 40 percent, some hotel industry experts see fire sales on the horizon.
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A measure asks residents to give the go-ahead to turn 496 acres into a neighborhood of homes, research and office buildings, retail space and a new stadium.
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Wall Street advanced in uneven trading after a decline in oil prices and an unexpected gain in new-home sales encouraged investors to put money back into the market.
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Apple faces a new challenge as it prepares to introduce an updated version of the phone next month.
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The rise of “Washington’s new authentic beach town” has prompted sneers because of the upscale market it goes after but has won praise for creating jobs and tourism.
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The home-buying season is shaping up to be even worse than expected, with prices falling, sales slowing and few signs of a turnaround.
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At Société Générale’s annual meeting, several investors called for the resignation of the chairman, Daniel Bouton, and accused management of transforming the bank into a casino.
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As housing prices slowly come back to reality, buying has again started to make sense for more people.
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Soaring gas prices and weakening job prospects left shoppers gloomier about the economy in May, sending a key barometer of consumer sentiment to its lowest level in almost 16 years.
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The company announced the resignation of Arun Sarin, who led Vodafone’s expansion into emerging markets like India, Turkey and the Czech Republic, as it posted a profit for the year.
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JetBlue said that it would put off buying 21 new Airbus jetliners that it planned to receive starting next year for four to five years because of rising fuel costs.
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The proposed closing of the plant is bringing into sharp relief a conflict between two objectives long held by environmental advocates: combating nuclear power and stopping global warming.
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Justices ruled in favor of employees who faced retaliation after complaining about race and age discrimination.
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The deal frees Internet brokers and other real-estate agents offering heavily discounted commissions to operate on a level playing field with traditional brokers.
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An ex-manager at the European engineering company testified on Monday that his role in an intricate system of slush funds and bribery at the company was an open secret.
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Squeezed by the credit crunch and the softening economy, the American auto industry faces what may be its worst year in more than a decade.
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The Securities and Exchange Commission, shifting its position, has told companies they must allow shareholders to vote on a proposal for universal health insurance coverage.
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Deutsche Telekom surreptitiously tracked thousands of phone calls to identify the source of leaks to the news media about its internal affairs.
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Tishman Speyer Properties has accused hundreds of rent-stabilized tenants of living elsewhere.
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Cable customers in the five boroughs may soon have the same choices as their suburban counterparts.
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Here are some books on small business that offer more than platitudes and unreachable goals.
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It can take months, even years, for some homes to wind through the foreclosure process, and decay sets in.
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Thousands of truckers are selling used rigs in what appears to be the biggest shakeout since trucking was deregulated in 1980.
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Twenty-five million homes have at least one TV set that will go dark when the nation converts to digital television in nine months, and 10 million of those homes are “completely unready” for the switch.
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A shareholder move supported by the Rockefeller family is prodding Exxon Mobil to shift its priorities and take the threat of global warming more seriously.
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I am a million-mile man. Despite all my flying time, I’ve had few mishaps. But the mishaps I’ve had are memorable.
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A half dozen or so hotels in Washington are undergoing extensive renovations, in part to take advantage of business related to Inauguration Day.
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With oil at $130 a barrel, airline losses mounting, and most of the realistic revenue-raising ideas exhausted, all the airlines can do is to shrink the system and hope for the best.
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News about airlines and airports.
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European stock markets edged higher Monday and Asian markets fell amid worries about high oil prices and the U.S. economy on a day when American markets were closed for Memorial Day.
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In tough economic times, the number of small businesses for sale goes up, but so does buyer interest. Still, sales take place at lower prices.
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Companies in emerging markets are on the prowl for investment opportunities in third world telecom companies, a reflection of a new world order in that industry.
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Mexico’s anthropology institute objects to imprinting one of Mexico’s treasures on soap opera star Irán Castillo’s body, deeming it a violation of the law.
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A group led by Mortimer B. Zuckerman is buying the Fifth Avenue building and three other Midtown towers from the Macklowe family for $3.95 billion.
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Fairfax Financial Holdings, a Canadian insurance company, owes its performance less to its core operations and more to its derivative gains. But some of its positions raise questions for the future.
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The job market of 2008 is shaping up as the weakest in more than 50 years for teenagers seeking summer work.
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For people who lose part of their sight to diseases, several portable video devices that enlarge print may help them make the most of their remaining vision.
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Adam Smith’s understanding that the invisible hand is often benign but not always has important implications from economic policy to the recent debate about gasoline taxes in particular.
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Posted: May 24th, 2008, 3:02pm EDT
A tale of how the chief executive of Countrywide Financial mishandled an e-mail message from a customer, and other items.
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A new business aims to act as a sales agent for independent filmmakers not picked up by Hollywood — with an eye to distribute content on the web or on other on-demand services.
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Apparently believing that the worst of the housing crisis is behind them, some investors have been picking up stocks in this beleaguered sector, pushing up share prices.
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A discussion about how employers can create and sustain diversity in the workplace.
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The term ‘cloud computing’ means outsourcing computing resources — processing, storage, messaging, databases and so on — and paying only for what you use.
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Investment bankers, recruiters and psychologists say the current economic downturn, the cascade of layoffs and grim financial news have exacted an especially daunting psychic price.
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Managers and corporate leaders sometimes lack the essential skill of skepticism because, among other reasons, they do not get the information they need.
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Members of Congress have joined the antispeculation bandwagon blaming speculators for high oil prices and have proposed legislation to curb energy trading.
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As the most dire recession fears have started to abate, the bond market is beginning to fret about an equally dangerous development for its future: the growing threat of inflation.
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An entrepreneur is trying to cover the Earth with Web access, one hotspot at a time. But his big idea is encountering equally big obstacles
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As I watch the drama about gasoline and oil prices play out on the streets and in the news media, some images and memories come to mind.
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Money managers have traditionally made profits buying distressed debt on the cheap, but individual investors can get into the game directly as well.
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Rising energy costs and further declines in the troubled housing market led to steep losses in stocks last week.
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As dollar-poor Americans cut back on their travel abroad, foreign tourists have been visiting the U.S. in higher numbers than ever.
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Mr. Samar is a 14-years-old entrepreneur who is marketing a card game that he says appeals to both children and their parents.
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Posted: May 24th, 2008, 2:42pm EDT
The Problem.
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Often, for no extra money, buyers get to brag about their home’s provenance, and show off inside info — where Sinatra sang, where Bowie hid out.
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The world’s largest corporate deal in an emerging market, a tie-up worth nearly $50 billion between two telecommunication companies, came to a screeching halt.
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Lenders are increasingly willing to change their loan terms for struggling borrowers but the flexibility has not been enough to help many homeowners.
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The outlook for the American worker: increasingly hostile.
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Halliburton offered 1.71 billion pounds, or $3.4 billion, for the Expro International Group, which makes deep water well equipment, beating an earlier bid by a group of private equity firms.
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A months-long strike ended as workers at American Axle and Manufacturing approved a four-year contract that the U.A.W.’s president had described as subpar but “the best we can do.”
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Rising gas prices and falling truck sales prompted the automaker to announce production cuts and retreat on its goal to become profitable by 2009.
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A federal appeals court decides against a confusing law on mutual fund management fees.
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Wall Street rebounded moderately on Thursday after two sessions of steep declines, as oil prices stepped back from their frenetic upward run.
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In what has become a regular show in the hearing rooms on Capitol Hill, oil company executives took a second day of lashings over the rising price of gasoline.
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Serious management failures by superiors allowed a rogue trader at Société Générale to commit the biggest fraud in financial history, according to an internal report to be released Friday.
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Avastin, already widely used to treat other types of cancer, is leading a pack of new drugs that look promising as treatments for brain cancer, one of the deadliest forms of cancer.
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The indictment of the banker in a widening investigation of UBS over its private banking business put further pressure on the bank’s operations.
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Those indicted in the ongoing federal investigation include former employees of Morgan Stanley and Janney Montgomery Scott.
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The power company NRG Energy Inc. has made an unsolicited bid to buy its competitor for about $11 billion in stock.
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The Swiss banking giant said that it would issue sharply discounted shares as it tried to restore capital depleted by losses on mortgage securities.
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Standard & Poor’s indicated it was likely to cut the credit ratings of nine big airlines in the latest sign that the outlook for the airline industry is darkening.
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Two insiders had said Kyphon, a unit of Medtronic, improperly persuaded hospitals to keep people overnight for a simple outpatient procedure to repair small fissures of the spine.
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The company nominated 9 of its 10 existing directors for re-election to its board, setting the stage for a showdown with dissident shareholders at its annual meeting, which has been postponed until late July.
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Japan says it wants to send at least 220,000 tons of rice to the Philippines, and possibly Africa to help the poor. But critics are pointing to a trade issue.
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As the summer travel season starts amid rising gasoline prices and airfares, tourism marketers are changing their pitches.
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A sensor is being tested by the Federal Aviation Administration to detect debris that can damage airplane engines on takeoff or even lead to plane crashes.
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If negotiations succeed, the company would be the first financial firm to return to the former World Trade Center site.
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The British Bankers’ Association is trying to determine whether some of the 16 banks that it polls each day to set the rate at which banks borrow money from each other provided false or misleading rates.
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Instead of investing the money his friends handed him, the ex-trader spent it on luxuries, including a $300,000 Aston Martin, and expensive jewelry.
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The founder of American Capital, an investment firm in Maryland, finds himself swept into the story of deadly, contaminated heparin imported from China.
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As shares in Bell Canada declined, many investors and analysts turned their attention to alternatives for the company should its $51.8 billion privatization fail.
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Gap said that first-quarter net profit jumped on tighter inventories and fewer markdowns despite lower sales.
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Hormel Foods reported a 14 percent rise in quarterly profit, helped by the popularity of its refrigerated foods and better sales of its Spam lunch meat, Hormel chili and Dinty Moore stew.
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A new Times columnist offers guidance for making financial decisions, when making good ones is more critical than ever.
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An Energy Department announcement that it would temporarily suspend a program to fill the nation’s strategic oil stocks failed to break the rally in oil prices, which hit another record Friday.
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Mr. Mondavi was the California vintner behind the rebirth of the Napa Valley wine industry.
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The move is a bold one, given that the fiercely competitive toy market has previously plunged F. A. O. Schwarz into bankruptcy and forced Macy’s to largely stop carrying toys.
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Larry King, who said last year that he hoped Ryan Seacrest would succeed him, sought to tamp down speculation that any succession was imminent.
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With rising gas prices and a season of summer delays coming up, does it mean that the bus is ready for a comeback?
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Wall Street pulled off its lows to finished narrowly mixed Friday as investors squared concerns about rising oil prices with a surprise jump in home construction.
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Between a $60,000 bed and a $30,000 night at a luxury hotel, the bargain is not necessarily what it seems.
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Some argue that beating media piracy hinges on media companies offering more convenience and quality.
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The Treasury secretary, Henry M. Paulson Jr., delivered a guardedly optimistic message to business leaders.
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Gas prices have crossed the line between being an unconscious expense to having become a painfully conscious one.
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Engineering skill made Japan an economic superpower, but its young people are now choosing other careers.
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The 51-year-old reactor had been temporarily closed by Canada’s nuclear regulator in November for safety reasons, but two troubled replacement units could not be completed.
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The mission of the Horse Institute in Ancramdale, N.Y. is to give managers a chance to improve a variety of skills by observing and performing exercises with horses.
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Siberia, where Russians waited in long lines to buy food with ration cards not long ago, is the improbable epicenter of a huge mall boom.
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The new requirements of 3 percent or 5 percent will apply nationally to loans on single-family primary residences, the company said.
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This is bad news for the United States, where consumers fuel two-thirds of national economic activity through their purchases of goods and services.
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For all nonpetroleum imports, prices in April were up 6.2 percent from a year earlier, the fastest rate of gain in almost 20 years.
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The central banks of Sweden, Denmark and Norway have lent Iceland emergency credit of up to $2.3 billion to shore up its swooning currency and forestall a broader economic collapse.
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Posted: May 17th, 2008, 12:16am EDT
The sale is part of a broader split of Booz Allen Hamilton’s commercial and government consulting groups.
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Shareholders of CryoCor, the maker of a device that freezes heart muscle to correct abnormal rhythms, sued the company to block its acquisition by Boston Scientific.
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General Electric confirmed that it planned to sell or spin off the appliance business that for a century has put refrigerators, washing machines and dishwashers in American homes.
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The Chicago Mercantile Exchange marked a milestone in its 110-year history as the last floor traders wrapped up business at the building that has served as the Merc’s home since 1983.
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Richard D. Parsons, left, Time Warner’s chairman, said he was likely to step down in the next year, clearing the path for the chief executive, Jeffrey L. Bewkes, to assume the role.
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Parmalat, the Italian dairy, had 6.5 million euros ($10 million) in cash left six days after filing for bankruptcy in 2003, rather than the 4 billion euros it claimed to have.
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Citigroup may sell Citibank Privatkunden, its consumer-banking unit in Germany, as part of a plan to replenish capital, the unit, based in Düsseldorf, said.
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The F.A.A. maintains some of American Airlines’ aircrafts displayed signs of chafing at some components, while the airlines maintains there were never any security problems.
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An explosion that destroyed 20 fireworks warehouses in China three months ago will probably mean dimmer night skies on the Fourth of July in the United States.
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An academic debate on a financial product called fundamentally weighted indexes turned out to be quite the snake pit.
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Aside from Fox, the changed pattern of how the networks presented their plans for September left fundamental questions unanswered.
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Carl Icahn has decided to move ahead with plans for a proxy fight at Yahoo and will propose a dissident slate of directors, people with knowledge of the plans said.
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The central bank governor, Mervyn King, said that inflation in Britain, which rose to 3 percent in April, would probably remain that high or rise as energy and food prices increase.
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Macy’s reported a $59 million first-quarter loss because of lower sales and the costs of a consolidation, which the company said should start paying off next year.
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Set a Chumby on your bedside table and watch the widgets go by.
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Consumer prices edged up slightly in April, but far more slowly than many economists had anticipated.
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The announcement comes as G.E.’s chief executive, Jeffrey Immelt, tries to fix the troubled conglomerate, which has been hit hard by the slumping economy.
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The provider of financing for residential mortgages made the announcement as it reported a quarterly loss that was not as large as had been expected.
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The Royal Bank of Canada said it would take a write down of 855 million Canadian dollars ($846 million) on its second-quarter earnings, largely because of problems in the United States debt market.
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The European Commission will propose expanding a directive to ensure that Europeans do not evade taxes on the interest from savings by opening accounts abroad.
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Paul A. Volcker warned that the United States could face a 1970s-style period of skyrocketing inflation if investors lost confidence in the buying power of the dollar.
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Directors and officers of Countrywide, the beleaguered mortgage lender, will have to answer shareholder accusations of insider trading and a failure to monitor lending practices.
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The world’s largest maker of farm machinery said costs tied to the closure of a facility in Canada weighed on fourth quarter results.
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As foreclosures mount and contributions to building associations shrink, condo owners find themselves nagging each other to pay their assessments and haggling over chores.
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Instead of blaming India and others for the rise in food prices, Americans should rethink their energy policy — and stop eating so much, say a growing number of Indians.
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The House overwhelmingly approved a $300 billion farm bill, making it probable that the measure will become law.
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A television ad for a heart stent may deceive the public and should be reviewed by federal regulators, according to an article published by a leading medical journal.
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Investigators are seeking to determine whether companies are blocking generics drugmakers from getting less-expensive medicines to market quickly.
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Orange County, Calif., has become a center for small eye care device makers in much the same way that Silicon Valley is a center for technology.
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The case involves a jury award to the widow of a 71-year-old man who had a history of heart disease and died of a heart attack after taking Vioxx briefly.
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Pilots voted overwhelmingly in favor of changes to their contract that will give them pay raises, an equity stake and other benefits, but also will give management more leeway.
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The European plane maker announced another delay in deliveries of its A380 superjumbo, a report that came as no surprise to a market jaded by overambitious promises from manufacturers.
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On live television, Sue Simmons used an unpublishable word to chide her WNBC-TV co-anchor, Chuck Scarborough.
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Oil refiners have not been able to to raise gasoline prices enough to pass along the full increases in oil, analysts say.
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The online classifieds company filed a countersuit against minority owner eBay, accusing it of unfair competition, false advertising, trademark infringement and diluting the value of the Craigslist trademark.
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The celebrity magazine editor Bonnie Fuller is resigning as executive vice president and chief editorial director of American Media, the publisher of the National Enquirer and Star magazines.
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CBS will try to expand its growing success with comedy in the new lineup of programs that it will introduce on Wednesday to advertisers in New York.
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Income at the consumer electronics giant rebounded as the company was able to hold down chip costs, but was hurt by a drop in the value of its financial holdings.
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The Dutch financial services group reported a bigger-than-expected drop in quarterly net profit, hit by weaker returns from real estate, private equity and market investments.
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Wal-Mart Stores and the TJX Companies said that sales and profit surged during the first three months of the year as consumers flocked to their discounted merchandise.
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Liberty Media and IAC/InterActiveCorp said that they had settled their differences, paving the way for the division of IAC into five companies.
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Manhattan landlords and developers are creating new rentable space from top floors once used for storage or equipment, and they are figuring out how to use even small quantities of air rights.
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United States retail sales weakened modestly in April, but outside the auto sector they were more resilient than many economists had forecast.
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Howard Socol helped to restore Barneys luster after the chain slipped into bankruptcy in the 1990s.
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EarthLink is pulling the plug on its troubled wireless high-speed Internet network in Philadelphia, once seen as a national model.
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The video game publisher said that its fourth-quarter net loss widened on restructuring charges, though its adjusted revenue beat Wall Street’s expectations.
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Preliminary results show home-building revenue of $817.9 million for the second quarter for the luxury home builder amid a week spring selling season.
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At a time when many developers around the country are being forced to pull in their reins, Larry A. Silverstein has only to look out his windows to see a new real estate empire in the making.
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Whole Foods Market posted a lower quarterly profit, missing analysts’ estimates by a penny, as it booked charges related to its acquisition of Wild Oats Markets.
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The Federal Reserve’s steps to ease the credit crunch “have contributed to some improvement in financing markets,” the Fed chief said in remarks on Tuesday.
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Wall Street turned in a mixed performance after a report on retail sales and high oil prices reminded investors that the economy is flagging and costs are rising.
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Hewlett-Packard proposes to spend $14 billion to acquire Electronic Data Systems, an underperforming technology services provider.
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Nissan became the latest major Japanese automaker to report booming earnings for the fiscal year that just ended while forecasting a plunge in profit for the current year.
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Despite the strong results, Liz projected weakness in the second quarter because of a calendar shift, disappointing sales trends in its Mexx Europe business and discounting by American retailers.
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A former UBS banker and another man were charged for their alleged role in a tax evasion scheme.
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Société Générale said quarterly net profit fell 23 percent. But Crédit Agricole said it would seek a $9.1 billion infusion to shore up capital after write-downs at one of its investment banks.
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Carl C. Icahn is considering a proxy fight for seats on Yahoo’s board in hopes of pushing the company to restart talks to sell itself to Microsoft.
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What are we supposed to make of the latest batch of better-than-expected economic news?
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Clear Channel agreed to a revised $17.9 billion takeover by two private equity firms after settling a long and often acrimonious dispute with the six banks that agreed to finance the deal.
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Westpac Banking said that it would acquire St. George in a deal that will create one of Australia’s largest banks.
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Conservative voices offered perhaps the broadest defense of reporters’ rights during oral arguments in a case involving the refusal of a reporter to disclose sources.
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Cities with long-established public transit systems and areas with a strong driving culture are both reporting increases in ridership on trains and buses.
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Retailers are pushing consumers to spend their windfall, but some offers require hundreds of dollars.
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Mr. Ellis led the venerable family-owned publishing house John Wiley & Sons back to fiscal health in the 1990s after a period of misdirected expansion.
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Getting rid of household appliances older than 15 years will probably save you money and reduce greenhouse gas emissions.
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An oil official signaled for the first time in months that the oil cartel might increase its output to prick the price bubble.
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Only after “Battle of Kruger” — an eight-minute African safari video — became one of the most popular videos in YouTube’s history did the television buyers come calling.
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Mr. Gordon grew Gordon Food Service Inc. into one of the largest family-owned food distributors in North America.
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The blogosphere is full of tales of homeowners who supposedly are choosing to mail the house keys to their lenders rather than keep their depreciating homes, but this remains a rare occurrence.
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Arthur Sulzberger Jr., chairman of The New York Times Company, and his wife, Gail Gregg, a painter and writer, said the decision to end their marriage was amicable.
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Wall Street was down sharply as investors contended with wider-than-expected losses at American International Group and another worrisome spike in oil prices.
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An attempt by Mattel to market a Barbie doll collection around eco-consciousness has raised criticism from parents.
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While your I.Q. is basically determined at birth, there are many ways to increase your so-called functional intelligence.
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Google faces a conundrum. If it does a deal with Yahoo, it faces antitrust scrutiny. If it backs out, it leaves Yahoo hanging in the wind. Either way, it could harm its nice-guy image.
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Howard Socol, the chief executive of Barneys New York, is said to disagree sharply with the new owners of the chain over its strategy.
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Fremont General, once a major subprime lender, may go bankrupt and wipe out shareholders because it will not have enough time or cash to complete the sale of its retail banking business.
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Microsoft asked Europe’s second-highest court to overturn or reduce a record fine of 899 million euros ($1.4 billion) from the European Union.
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Despite pledges by the White House and Democrats to work together, the bill to rescue homeowners and their lenders produced partisan recriminations the day after it passed the House.
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The importance of brand in sales raises the question of the market’s future stability as sales of perfume, a product that has few cultural roots in China, have recently risen exponentially.
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Ending speculation that it would shut the 250-year-old St. James’s Gate brewery, the owner of Guinness stout said it was committed to continuing operations at the site because of its iconic status.
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If you thought spam on your computer was a bother, brace yourself for round two: spammers want to find you on your cellphone.
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While the moving industry has long been a favorite of con artists because of lax regulation, consumers’ growing reliance on the Internet has made it even easier for the shady operators.
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Now that public opinion is solidifying around the idea that the Federal Reserve has made its last rate cut for a while, stocks may be poised atop a slope of complacency.
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Western perfume makers have been selling their scents in China for roughly a decade. But in a few months, Parfums Benetton will introduce two of the first perfumes that have been designed especially for Chinese tastes.
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The billionaire investor started a cash tender offer on Friday to bolster his stake in Ford to 5.6 percent, but stopped short of revealing his long-term plans as a major shareholder.
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The electronics chain’s move is a shift from its initial, highly skeptical stance toward Blockbuster’s unsolicited takeover bid.
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The falling demand for imports is the latest indication that Americans are reining in their spending habits.
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While banks say they have been tightening credit standards for more than a year, the growth rate of commercial and industrial loans is still growing faster than at any time in recent years.
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Fedex said its fuel costs have risen by more than 7 percent since it issued its guidance in March. It added that weak economic conditions have resulted in lower demand.
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The German insurer Allianz reported that first-quarter profits fell 65 percent as it wrote down $1.3 billion tied to the American subprime crisis.
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Canada confirmed its decision to block an American company’s takeover of the space and satellite division of MacDonald, Dettwiler & Associates, Canada’s leading space technology firm.
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The radio and outdoor advertising company reported higher first-quarter earnings on asset sales, but operating results were flat, reflecting weak demand for radio advertising.
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Daimler AG, the maker of Mercedes-Benz automobiles, will deal with slowing auto sales in the U.S. in part by shifting sales to Russia, China and the Middle East, its chief executive said.
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Facebook said that it will let users bring information from their profiles onto other sites. It is also reviving the possibility of a universal logon, an idea tried unsuccessfully years ago by Microsoft.
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A dozen oil companies agreed to pay $423 million in cash plus clean-up costs to settle litigation over groundwater contamination from the gasoline additive, MTBE.
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Mr. Rosenberg developed a model that estimated that if people gave what they could afford, we would increase charitable giving in the U.S. by $100 billion a year.
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A consortium plans to build the first of a new generation of nationwide wireless data networks in a $14.5 billion deal.
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Senate Democrats called for a temporary special tax on oil companies’ profits and a rollback of $17 billion in oil industry tax breaks as part of an energy package.
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Rainbow Media, the cable programming subsidiary of Cablevision, said Wednesday that it was purchasing the Sundance Channel in a stock and cash deal.
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Finding someone to sue over losses in the mortgage market and the credit crisis is easy. Winning in court, lawyers say, will be hard.
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Microsoft Corporation is underwriting an online movie-making contest to stimulate sales and burnish the reputation of its Windows Vista operating system.
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Putting pen to paper may eventually go the way of eight-track tapes. Here comes the digital Pulse smartpen from LiveScribe.
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The chairmen of Delta Air Lines and Northwest Airlines said a merger was essential to preserve jobs and service to small cities, and to compete with foreign-flag carriers.
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Posted: May 7th, 2008, 9:25pm EDT by BYREUTERS
Brian Clarkson will retire as president and chief operating officer of Moody’s Investors Service and leave the firm at the end of July, the company said.
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Posted: May 7th, 2008, 9:22pm EDT by BYREUTERS
Marsh’s quarterly net loss was $210 million, or 40 cents a share, in contrast to a profit of $268 million, or 47 cents, a year earlier.
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Another sale would be the fourth change in control during the last decade for TV Guide, which has long been trying to forge a new identity as an entertainment magazine.
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The White House prefers a more limited expansion of federally insured mortgages than the Democrats.
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The airplane manufacturer said that tighter credit and the weakening dollar had forced it to break off talks with a second supplier over the sale of several European factories.
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The plan, which will de-emphasize the identity of the network flagship, WNBC, could spread to other stations.
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The global media conglomerate controlled by Rupert Murdoch said third-quarter profit nearly tripled, to $2.7 billion, mainly from growth in the company’s television and cable networks businesses.
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The satellite television company said first-quarter net income climbed to $371 million, as it acquired more subscribers and customers spent more on high-definition and video recording services.
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Stock markets had their worst session in nearly a month, as a swirl of unsettling economic news jolted investors.
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The awards represent the largest chunk of money awarded at one time by California’s taxpayer-backed stem cell program, which is slated to spend about $3 billion over about a decade.
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A top-ranking UBS executive was briefly detained in the United States in connection with an investigation into the bank’s work with questionable tax transactions, the bank said.
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The company reported first-quarter earnings of $30.9 million on higher sponsorships, luxury suite rentals, ancillary broadcasting rights and other event-related revenue.
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Regulators are asking whether Freddie Mac and Fannie Mae, which reported a $2.2 billion first-quarter loss on Tuesday, will soon need saving themselves.
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The job cuts came as the largest Swiss bank announced a first-quarter loss of about $10.9 billion.
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The telecommunications company said it earned $157 million in the first quarter, down from $240 million a year ago, on sharply higher tax expenses.
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Google played the odd dual role of unwitting matchmaker and self-interested spoiler in the failed marriage.
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Oil prices rose above $119 a barrel Thursday on fears that Tropical Storm Gustav could strengthen on its way toward crude and natural gas rigs in the Gulf of Mexico and refineries in the region.
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After six years of stumbling against the euro, the dollar may be showing signs of getting back on its feet.
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The cosmetics company reported third-quarter profit of $90.1 million, down 4 percent from the same period a year ago, as sales slowed amid a weakening retail environment.
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Jerry Yang said Yahoo was open to Microsoft all along but said he felt that the company he co-founded was simply worth more than what Microsoft put on the table.
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The maker of Molson Canadian and Coors Light beer said first-quarter net income was up sharply, helped by a lower tax rate and the weak dollar.
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The insurer has become the first American company to give shareholders a say on pay — a vote on top management’s compensation.
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The asset manager posted a fourth-quarter loss of $255.5 million as it took a big charge related to a bailout of funds exposed to risky securities and suffered outflows from its funds.
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The company said second-quarter earnings rose 11 percent on strong international demand from the energy sector and global sales of its network power and industrial automation systems.
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With both Ford and Hyundai as customers, Microsoft’s software could potentially be put into more than eight million vehicles worldwide each year.
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It was the latest in a series of rare but increasingly ambitious protests against government-backed industrial projects on environmental and health grounds.
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Part of the reason for my obsession with air travel is that I come from Wichita, Kan., the “air capital of the world.” Half the airplanes in the world were once made in my hometown.
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The nation’s largest homebuilder posted a second-quarter loss of $1.31 billion as a sustained housing slump forced it to take hefty charges to write down the value of its inventory.
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The Teamsters union denied that its decision was in any way tied to the senator’s statement that federal supervision of the union had run its course.
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Peter W. Olson, one of the most powerful figures in American book publishing, will step down amid mounting pressure over declining profits at Random House.
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Yahoo may look like the big loser. But here’s a lesson for Microsoft: When you make an unsolicited offer, be prepared to win.
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The deal, which could be worth more than $40 billion in its entirety, is the latest international foray by an Indian company.
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Southwest Airlines sees an opportunity for its own growth if United and US Airways merge and cut back flights to reduce costs.
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Service companies added jobs last month for the first time this year, activity slowed down at the nation’s service industries as inflation further squeezed businesses.
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Rental car companies have a brilliant, and perhaps a bit spooky, way to handle minor traffic ticket fines you might receive in one of their cars: put them on your bill.
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Posted: May 6th, 2008, 1:49am EDT
The F.D.A., which more than a year ago forced the closure of a G.E. surgical equipment plant in Salt Lake City because of quality problems, allowed it to re-open.
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As travelers demand free Internet access, and providers seek revenue, a compromise is emerging to offer both free and paid options.
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General Motors workers who build the Chevrolet Malibu, one of G.M.’s most popular and important new vehicles, went on strike Monday at a plant in Kansas.
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Though retail gas prices fell more than a cent over the weekend, the advance in oil prices increased the chances that prices at the pump would resume rising.
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Wall Street is buzzing that Bank of America’s offer for Countrywide Financial Corporation, the troubled mortgage giant, may be unraveling.
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Shares of the comic book publisher, soared on Monday after “Iron Man,” its first self-produced film, raked in more than $100 million in ticket sales over the weekend.
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The “I love New York” slogan is being updated to reflect everything from the new media choices consumers are making to higher gas prices and other travel expenses.
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Morgan Stanley, which has cut some 3,000 jobs since October. A further 5 percent reduction would affect roughly 2,000 jobs.
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The Federal Reserve chairman urged Congress to give federal agencies “greater latitude” to take an innovative approach to dealing with the housing crisis.
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Building on their family fortunes, young titans are putting a new face on Vegas and catering to the 40-and-younger crowd.
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Paul S. Atkins, one of three Republican members of the Securities and Exchange Commission, said he would leave the agency after his term ends next month.
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T-Mobile USA’s third-generation wireless network is available in New York City. Web browsing and downloading will be twice as fast with it, though few phones can use it.
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The gambling center seemed immune to the economic swings of the rest of the country. But the city built on excess is seeing a troubling sign: moderation.
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Wall Street pulled back on Monday after Microsoft decided to withdraw its bid for Yahoo and oil prices rose to a record.
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Wal-Mart announced it would expand its discounted prescription drug program to offer 90-day supplies for $10 and add several women’s medications at a discount.
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The Target Corporation said that it had struck a deal to sell an interest in credit card receivables to JPMorgan Chase for an initial investment of $3.6 billion.
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We may not believe in fate, research shows, but we also refuse to tempt it.
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A lot of us carry a little bit of Steve Jobs around in our pocket, in the form of iPods and iPhones. Now, Apple is after the remaining bit of life-share that it doesn’t already own, the home front.
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Without a Yahoo deal, Microsoft faces a problem: its time-tested recipe for success isn’t working against Google.
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Millions of New Yorkers are having trouble finding fresh and affordable food within walking distance of their homes, according to a recent city study.
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Leisure has many different definitions — we can even have leisure at work and be more productive, healthy and creative.
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As Yahoo investors wait to see how far their shares will fall after Microsoft withdrew its offer, a Google partnership is being considered as a lifeline.
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A virtually unknown stockbroker from San Jose, Calif., Don Odermann has spent 25 years as a silent baseball benefactor for Latino players.
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Tiny TV, the kind that is watched on a cellphone, is spreading beyond Japan and South Korea, where it has been available for three years. But will it be profitable?
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The niche publisher I.D.G. has been working out the answers to some big mainstream questions. The biggest: Can print media survive the transition to the Internet?
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The music label Fueled by Ramen has figured out a way to bring cross-promotion to the Internet, keeping fans of one of its bands just a click away from the label’s other acts.
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Posted: May 5th, 2008, 12:08am EDT
Economic indicators slow to a trickle this week, and earnings season comes to a close.
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Posted: May 5th, 2008, 12:06am EDT
This week’s schedule includes Monday’s regular weekly auction of new three- and six-month bills and an auction of four-week bills on Tuesday.
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A study recently published in the Journal of Consumer Research finds that eBay bidders react in profound ways to a seller’s numerical “reputation” on the site.
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Amid a sea of changes at Rupert Murdoch’s Wall Street Journal, a slice-of-life cartoon that has been a mainstay of the editorial page has decamped to the Leisure & Arts section.
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Ryan Kavanaugh, the film financier whose film credits include “Catch and Release,” has been trying to get law enforcement officials to emulate the title.
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TiVo has made watching commercials unnecessary. Is it now trying to make watching reality shows a thing of the past, too?
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The free downloadable software can index all of your Outlook e-mail and make messages quickly and easily searchable.
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The wiretapping trial of Anthony Pellicano, the accused sleuth to the stars, has offered a close look into the surprisingly easy access to all sorts of spyware.
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The F.B.I. and the I.R.S. are said to be investigating whether some mortgage lenders turned a blind eye when prospective borrowers used inflated income figures.
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Can a few snapshots of a baby or a bride, accompanied by a fawning article, really be worth millions of dollars? In the competitive world of celebrity magazines, they just might be.
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“Press reports that major shareholders would have been wiling to take $35 are probably not far off the mark,” said Bill Miller, Yahoo’s second-largest shareholder.
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Posted: May 4th, 2008, 2:15am EDT
Descendants of John D. Rockefeller, who formed the company that was to become Exxon Mobil, would like to see the company invest more in alternative energy.
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Microsoft said it was abandoning its blockbuster bid after it raised its offer by $5 billion but Yahoo rejected it as still too low.
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The candidates have taken different approaches to the gas tax, the mortgage crisis and retirement savings.
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For millions of people with employer health insurance, premiums and co-payments have increased quickly while coverage has become less extensive.
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Clear Channel has brought its five New York-area music stations from separate offices in Manhattan and New Jersey under one roof, but each station’s offices will maintain distinct identities.
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Balancing a full-time job as a pilot, and a balloon ride business requires perfect organization.
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After the death of a son, you have to force yourself to get back — back to your family, and, as the head of a company, back to that company.
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There are questions to ask yourself about whether a sabbatical is right for you, how to ask for it, and what to do with it.
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The stock market rose last week on news that generally wasn’t very good but was still better than expected.
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Posted: May 3rd, 2008, 10:52pm EDT
Letters from readers concerning the article “Freer Trade Could Fill the World’s Rice Bowl”, published on April 27.
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The phenomenal success of the News Corporation, of which Rupert Murdoch is chairman, owes a lot to his shaking up the business side of media properties — and to risk taking.
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A new study has found that top-performing stocks have a tendency to fall immediately after earnings are announced — whether those earnings are good or bad.
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Clients of asset management firms that have lost much of their glitter, like Private Capital Management, are faced with the quandary of whether to bail out or hope for better days.
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A New Financial Deal, which may follow this financial crisis, should included the dreaded “R” word — regulation — starting in the mortgage market.
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New companies are trying to solve a problem that the Internet itself created — gathering the dense jungle of user-generated content across several platforms into one stream.
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Brain researchers have discovered that when we consciously develop new habits, we create parallel synaptic paths, and even entirely new brain cells, that can encourage a way to innovation.
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The adoption by law enforcement of photo-enforcement technology — surveillance cameras that take a picture of an offending vehicle and its license plate — has unanticipated consequences.
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Go ahead and spend — it’s your patriotic duty. That’s one way to look at the government rebates that are just starting to arrive in taxpayers’ bank accounts and mailboxes.
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The story of CIT illustrates the perils awaiting any firm that jumps into seemingly lucrative new arenas at the expense of focusing on markets that it knows and understands best.
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Dr. Frederick H. Moll has founded the company that dominates the field of robotics in the medical device industry.
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The auction-rate securities mess is another illustration of damaging conflicts of interest at the nation’s big brokerage firms.
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What this year’s television upfronts will actually reveal.
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Many economists took the losses as powerful evidence of a recession, but the cuts’ limited scope raised hopes that a slump would be mild.
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In Hong Kong’s boisterous media, daily newspapers and local television news programs regularly carry photos and reports that would be banned on the Chinese mainland.
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Daphne Koller’s work has led to advances in artificial intelligence that can be used to predict traffic jams, improve machine vision and understand the way cancer spreads.
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Leaders of the Screen Actors Guild and the Alliance of Motion Picture and Television Producers said on Friday that they would extend their current round of contract talks through Tuesday.
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The fear of a decaying brain has inspired a mini-industry of products from dietary supplements to computer games.
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The Italian dairy company Parmalat, which collapsed in December 2003 in the country’s largest bankruptcy, agreed to settle a shareholder lawsuit in the United States.
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Weyerhaeuser, one of the world’s largest timberland owners and wood products manufacturers, said it swung to a loss in the first quarter.
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The Washington Post Company reported a 39 percent drop in first-quarter profit, hurt by buyout charges at Newsweek and a continued loss of newspaper revenue.
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Chevron said first-quarter profit rose 9.5 percent, beating Wall Street estimates.
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The Dutch financial services company ING Groep said it would buy the retirement plan administrator CitiStreet, making it the third-largest defined-contribution business in the United States.
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The drug developer Bristol-Myers Squibb said it would sell ConvaTec, its wound therapy and surgical care unit, for $4.1 billion to two private equity firms.
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“The Takeaway,” a brand-new show broadcast on 15 public radio stations, is gearing up to face off with the mother of all public radio shows, “Morning Edition.”
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For those people who own their homes mortgage-free, the question is what to do with a houseful of equity.
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The companies are in active merger talks, people involved said, and Microsoft is said to have increased its offer.
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Rupert Murdoch and Mortimer B. Zuckerman have not signaled they would increase their bid for Newsday to match a higher offer from Cablevision.
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Pfizer has begun negotiating settlements with individual plaintiff’s firms over its Celebrex and Bextra painkillers, a New York lawyer said.
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Blue-chip stocks logged their third weekly advance in a row as investors grew more confident about the economy’s ability to outrun a deep downturn.
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Even if the standard personal finance guidance is to monitor one’s spending over a longer period of time, reviewing a monthly bank statement can be just as valuable.
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Known among enthusiasts as “the hobby,” Colonial-era re-enactments are practiced by fewer than 5,000 people in the United States, and Colonial-era dances are practiced by even fewer.
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Many Web sites purport to replicate real-world experiences online, whether test-driving a car or finding out what coffee flavor you might enjoy best.
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To make sure boards are truly diverse, companies need to take a director’s personality into account when they look to add a member or upgrade their performance, according to psychologists.
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Nortel, which makes telecommunications equipment, reported a loss of $138 million, or 28 cents a share, compared with a loss of $103 million, or 23 cents a share, a year earlier.
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The Census Bureau reported that 2.9 percent of homes intended for owner occupancy were vacant at the end of the first quarter, a number that before 2006 had never exceeded 2 percent.
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The Federal Reserve announced it would increase the size of its cash auctions to banks and allow financial institutions to put up credit card debt, student loans and car loans as collateral for Fed loans.
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Berkshire Hathaway, Warren E. Buffett’s investment company, said on Friday that first-quarter profit tumbled 64 percent because of losses tied to derivative contracts.
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Rock Band, a video game involving players emulating rock ’n’ rollers with toy instruments, helped increase revenue by 16 percent at Viacom’s media networks business.
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Donald E. Felsinger is the chief executive of Sempra Energy, a holding company that operates two Southern California utilities.
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The chief executive of Citigroup, Vikram S. Pandit, finds himself in the position of having to restructure or make changes at the hedge fund he co-founded and that Citigroup purchased.
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Linens ’n Things, the big seller of beddings and home furnishings, also plans to close 120 of its 551 stores in the United States and lay off 2,500 employees.
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In a breakthrough after a months-long standoff, Microsoft has increased its offer and intensified negotiations, a person involved in the talks said.
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The company posted first-quarter profit of $270 million on stronger results at its cable networks and Paramount studio.
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The rules are aimed at making it more difficult for credit card companies to raise rates arbitrarily, conceal high penalty fees, or engage in other practices that consumer groups say are abusive.
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About one in five vehicles sold in the U.S. in April was a compact or subcompact car, while sales of pickups and S.U.V.’s fell sharply.
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Can the Bill James approach to numbers work in basketball?
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Prominent New Jersey architects volunteered their time to brainstorm a wide range of redesign notions for the historic building in Holmdel, N.J.
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The economy in April lost 20,000 jobs, fewer than predicted, but the report suggested to many economists that the U.S. is ensnared in a recession.
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The seller of housewares and bedding is now one the biggest companies taken private in the recent buyout boom to land in bankruptcy court.
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The lawsuit raises questions over whether vendors who are not physically present in New York State should collect tax on behalf of the state.
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The $3.8 billion structure, the latest in China’s Olympic works, can handle more than 50 million fliers a year.
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To the next president: There is a retirement crisis coming.
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Nortel posted a bigger first-quarter loss as a series of charges weighed on results, but the telecommunications equipment maker said it still expected to meet full-year targets.
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The Federal Reserve moved to increase the size of its cash auctions to banks and allow financial institutions to put up credit card debt, student loans and car loans as collateral for Fed loans.
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The lumber and paper producer posted a first-quarter loss of $148 million, hurt by a sagging housing market and low product prices.
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First-quarter profit fell 39 percent to $38.8 million, hurt by an early retirement program charge at Newsweek and a continued loss of revenue from the media company’s newspapers.
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How the publisher Louise Hay unified psychics, mindhealers, angel therapists and positive thinkers of all varieties into a self-help spirituality empire.
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The Italian dairy group said it will issue new stock valued at more than $36 million to settle a case brought by former shareholders in connection with the 2003 collapse of the company.
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Net income in the first quarter rose to $5.17 billion at Chevron as soaring oil prices outweighed weak profits from gasoline production.
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The Interpublic Group agreed to pay the fine to settle a Securities and Exchange Commission investigation into its accounting practices.
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Pro bono positions are part of a growing trend by law firms, which have been grappling to meet various challenges on the pro bono front.
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Americans had plenty of reasons not to spend: workers’ wages continued to grow at an anemic pace, even as higher prices for food and gasoline pinched pocketbooks.
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Wall Street shot higher on Thursday as investors saw a rising dollar and falling oil prices as promising signs for the economy.
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The six-year-old Hollywood wiretapping case went to the jury after a federal prosecutor urged the panel members to look past the celebrities and entertainment moguls involved.
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Bolivia’s President Evo Morales deepened state control of the economy on Thursday, the second anniversary of his energy nationalization.
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Burger King Holdings Inc posted a rise in quarterly profit on Thursday, boosted by higher sales at new and remodeled restaurants.
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The consumer products maker said third-quarter profit fell nearly 23 percent, hurt by rising costs for energy and raw materials.
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As the mortgage crisis spilled over into a credit squeeze threatening Wall Street, the government tried to prevent disaster while not helping those who don’t deserve it.
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Eastman Kodak, which once considered itself the Bell Labs of chemistry, has embraced the digital world and the researchers who understand it.
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Store closings and delayed openings are expected to ripple through the economy, depriving many communities of sales tax revenue.
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The once-frosty relationship between Fox News and the Democratic candidates seems to have grown warmer as they find each other useful.
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The Carlyle Group is counting on its head start in international markets to help it weather recent turbulence.
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The awards reflect the efforts of National Geographic, long recognized for top-flight photography, to elevate the rest of its offerings.
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The House Financial Services Committee approved legislation that would make up to $300 billion in insured loans available to refinance the mortgages of borrowers in danger of foreclosure.
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Drivers have long known that slowing down on the highway means getting more miles to the gallon. Now airlines are trying it, too
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The network server company swung to a loss in its most recent quarter, ending five straight quarters of profit, as the company struggled to cope with a challenging economy.
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The departing government of the center-left Prime Minister Romano Prodi posted on Wednesday the returns for all 40 million Italians who paid taxes in 2005.
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MetLife said that first-quarter net income fell 37 percent, hurt by investment losses.
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Promotional offers and higher cable television spending fueled the first-quarter profit of Comcast, which showed limited effects from an economic slowdown.
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A satirical product from a dark comedy crosses over to reality.
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Exxon’s shares fell after the company reported that first-quarter net income rose 17 percent, slightly below expectations.
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Consumer spending barely budged in March as Americans tried to deal with higher food and energy prices.
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The company said it had invested in Mascoma, a company that has proprietary technologies for making ethanol from sources like papermill waste, corn stalks, wood chips and switchgrass.
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NEW YORK (AP) -- Drug store and pharmacy operator CVS Caremark said Thursday its second-quarter profit grew 7 percent as sales at its retail drug stores rose.
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The home improvement chain announced that it was dropping plans to open 50 stores and would close 15 poorly performing locations.
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The fast-food chain posted quarterly net income of $41 million, helped by strong same-store sales in each of its segments and new restaurant growth.
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Second-quarter earnings rose to $301 million as gains in the company’s global industrial and infrastructure businesses offset slower growth in its consumer markets.
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The parent of the New York Mercantile Exchange said profit rose to $71.2 milion in the first quarter as average trading volume hit record levels.
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The cosmetics company lowered its loss to $2.5 million, as expenses declined from a year ago when the company introduced a new line of hair color.
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The natural gas producer said first-quarter profit nearly quadrupled to $500 million as higher production and prices and the sale of international assets lifted results.
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The largest U.S. cable operator reported a 12.5 percent decline in first-quarter profit from a year ago, when earnings were inflated by a one-time gain.
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The company said first-quarter earnings rose 2 percent to $731 million as profits from record oil prices outweighed weak margins at its refining business.
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Eastman Kodak said its first-quarter loss narrowed to $115 million as it battles for a bigger slice of digital photography. Its stock fell more than 5 percent.
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Families that once enjoyed Europe’s vaunted quality of life are pinching pennies to buy necessities, and cutting back on extras like movies and vacations abroad.
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The Thai government announced it would try to create a cartel of rice-producing countries in partnership with Vietnam, Cambodia, Myanmar and Laos.
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The automaker boosted its sales, but lost $3.25 billion from a bankrupt former parts division, a strike at a major supplier and bad home loans made by its finance arm.
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Following new indications that the economy remained fragile at best, the Federal Reserve cut key short-term rates another quarter point.
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Microsoft’s chief executive, Steven A. Ballmer, is said to be considering boosting his company’s bid to $32 a share, but some at Yahoo want more.
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James J. Treacy, the former chief operating officer at Monster Worldwide, was indicted on charges that he conspired to backdate millions of dollars in employee stock option grants.
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Officials said a large oil-sands operator, Syncrude, had failed to operate noisemakers to frighten away migrating ducks, 500 of which were found dead in a company tailings pond.
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A look back at some of the highlights, lowlights and sidelights of the 2008 Four A’s leadership conference.
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International Paper posted lower first-quarter earnings Wednesday that fell short of Wall Street expectations as price increases failed to offset higher raw material costs.
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The Jones Apparel Group posted lower quarterly profit on Wednesday and cut its 2008 outlook as American retailers marked down goods and reduced their orders.
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Cablevision is preparing a $650 million offer for Newsday, while the owners of The New York Observer have dropped out of the bidding.
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Defiant and colorful to the end, the accused Hollywood wiretapper Anthony Pellicano told jurors in his racketeering trial that he was simply a diligent private eye.
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The S.E.C. accused Birmingham Mayor Larry P. Langford of fraud in the underwriting of bond offerings and interest rate swaps.
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Kohlberg Kravis Roberts & Company, the giant buyout firm, plans to announce a new partnership with the Environmental Defense Fund.
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The telecommunication equipment firm said it lost 181 million euros ($282 million) compared with a loss of 8 million euros a year earlier.
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What has an 11-inch screen, offers breathtaking pictures and costs $2,500? It’s the new TV from Sony.
