NYT > Business (25 unread)
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Mortgages: Help for Struggling Homeowners
Posted: May 23rd, 2008, 3:15pm EDT by By BOB TEDESCHI
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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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Labor Pains
Posted: May 23rd, 2008, 1:12pm EDT by By ROBERT H. FRANK
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The outlook for the American worker: increasingly hostile.
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Halliburton Bids for British Oil Equipment Maker
Posted: May 23rd, 2008, 9:17am EDT by By JULIA WERDIGIER
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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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Auto Parts Workers Approve a Contract
Posted: May 23rd, 2008, 8:16am EDT by By NICK BUNKLEY
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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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As Market Shifts, Ford Sees Profit Fleeing
Posted: May 23rd, 2008, 4:46am EDT by By BILL VLASIC
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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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High & Low Finance: Fund Fees Revisited in Court
Posted: May 23rd, 2008, 4:09am EDT by By FLOYD NORRIS
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A federal appeals court decides against a confusing law on mutual fund management fees.
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Stocks & Bonds: Respite in Oil Prices Produces an Upturn
Posted: May 23rd, 2008, 2:17am EDT by By THE ASSOCIATED PRESS
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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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News Analysis: The Same Old Song on High Gas Prices
Posted: May 23rd, 2008, 2:17am EDT by By DAVID M. HERSZENHORN
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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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Paris Bank’s Managers Are Blamed in a Scandal
Posted: May 23rd, 2008, 2:04am EDT by By KATRIN BENNHOLD
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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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Hints of Progress in Drugs Treating Brain Cancer
Posted: May 23rd, 2008, 2:03am EDT by By ANDREW POLLACK
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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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Federal Prosecutors Declare European Banker a Fugitive
Posted: May 23rd, 2008, 2:01am EDT by By LYNNLEY BROWNING
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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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Stock Loans Investigation Draws in 5 on Charges
Posted: May 23rd, 2008, 2:00am EDT by By REUTERS
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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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Bid Lifts Calpine Stock
Posted: May 23rd, 2008, 2:00am EDT by By THE ASSOCIATED PRESS
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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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UBS Moves to Raise $15 Billion
Posted: May 23rd, 2008, 2:00am EDT by By DAVID JOLLY
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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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9 Airlines Face Threat of a Credit Downgrade
Posted: May 23rd, 2008, 1:59am EDT by By MICHELINE MAYNARD
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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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Medtronic Settles a Civil Lawsuit on Allegations of Medicare Fraud
Posted: May 23rd, 2008, 1:59am EDT by By MARY WILLIAMS WALSH
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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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Yahoo Nominates Existing Board
Posted: May 23rd, 2008, 1:50am EDT by By REUTERS
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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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U.S. in Difficult Position Over Japan’s Rice Plan
Posted: May 23rd, 2008, 1:38am EDT by By KEITH BRADSHER and ANDREW MARTIN
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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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Advertising: Urgency Replaces Subtlety in Summer’s Struggle for Visitors
Posted: May 23rd, 2008, 1:18am EDT by By STUART ELLIOTT
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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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F.A.A. Tests Ways to Detect Runway Junk
Posted: May 23rd, 2008, 1:02am EDT by By MATTHEW L. WALD
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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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Merrill Lynch Weighs Putting Headquarters at Ground Zero
Posted: May 23rd, 2008, 12:50am EDT by By CHARLES V. BAGLI
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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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An Inquiry Into Interbank Loan Rate
Posted: May 23rd, 2008, 12:43am EDT by By JULIA WERDIGIER
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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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Ex-Stock Trader Is Accused of Duping Friends Out of Millions
Posted: May 23rd, 2008, 12:42am EDT by By JOHN ELIGON
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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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Financier Stands by a Firm Tainted by Heparin
Posted: May 23rd, 2008, 12:38am EDT by By LOUISE STORY
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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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Bell Canada Shares Dive After Court Bars Buyout
Posted: May 23rd, 2008, 12:32am EDT by By IAN AUSTEN
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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.