NYT > Business (21 unread)
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Oil Giants to Settle Water Suit
Posted: May 7th, 2008, 9:43pm EDT by By JAD MOUAWAD
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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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Claude Rosenberg, Advocate for Philanthropy, Is Dead at 80
Posted: May 7th, 2008, 9:39pm EDT by By DENNIS HEVESI
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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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Technology Group Plans Wireless Network
Posted: May 7th, 2008, 9:39pm EDT by By MATT RICHTEL
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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 Seeking a Special Tax on Oil Profits
Posted: May 7th, 2008, 9:38pm EDT by By THE ASSOCIATED PRESS
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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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TV Decoder: Sundance Is Sold to Cablevision
Posted: May 7th, 2008, 9:37pm EDT by By BRIAN STELTER
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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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Wave of Lawsuits Over Losses Could Hit a Wall
Posted: May 7th, 2008, 9:32pm EDT by By JONATHAN D. GLATER
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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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Advertising: Your Chance to Finish a Movie Microsoft Started
Posted: May 7th, 2008, 9:32pm EDT by By STUART ELLIOTT
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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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State of the Art: Gadget Fanatics, Take Note
Posted: May 7th, 2008, 9:32pm EDT by By DAVID POGUE
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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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Delta and Northwest Defend a Merger
Posted: May 7th, 2008, 9:28pm EDT by By MATTHEW L. WALD
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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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Moody’s President Will Step Down at End of July
Posted: May 7th, 2008, 9:25pm EDT by BYREUTERS
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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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Posting Loss, Marsh Will Cut Staff
Posted: May 7th, 2008, 9:22pm EDT by BYREUTERS
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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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TV Guide, Having Just Been Bought, Is Bracing to Be Sold
Posted: May 7th, 2008, 9:13pm EDT by By RICHARD PÉREZ-PEÑA
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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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Bush Vows to Veto Housing-Relief Bill in House
Posted: May 7th, 2008, 8:52pm EDT by By DAVID STOUT
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The White House prefers a more limited expansion of federally insured mortgages than the Democrats.
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Airbus Suffers Setback to Recovery Plans
Posted: May 7th, 2008, 7:57pm EDT by By NICOLA CLARK
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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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NBC to Start News Channel in New York
Posted: May 7th, 2008, 6:28pm EDT by By BILL CARTER
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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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Revenue Rises 16 Percent at News Corporation
Posted: May 7th, 2008, 5:15pm EDT by By TIM ARANGO
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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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DirecTV Profit Up 10% as Subscriptions Grow
Posted: May 7th, 2008, 5:10pm EDT by By THE ASSOCIATED PRESS
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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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Stocks Take a Fall Late in the Day
Posted: May 7th, 2008, 5:07pm EDT by By MICHAEL M. GRYNBAUM
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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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California Awards $271 Million for Stem Cell Research
Posted: May 7th, 2008, 4:00pm EDT by By ANDREW POLLACK
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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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UBS Banker Detained in Tax Inquiry
Posted: May 7th, 2008, 10:54am EDT by By LYNNLEY BROWNING
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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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Speedway Motorsports Profit Beats Expectations
Posted: May 7th, 2008, 10:21am EDT by By REUTERS
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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.
