NYT > Business (12 unread)
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Ex-UBS Banker Expected to Plead Guilty and Cooperate With Investigation
Posted: May 30th, 2008, 12:15am EDT by By LYNNLEY BROWNING
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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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Bear’s Cayne Apologizes, but He Hears Only Silence
Posted: May 30th, 2008, 12:12am EDT by By LANDON THOMAS Jr.
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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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Agency Sounds an Alarm on Banks’ Shaky Outlooks
Posted: May 30th, 2008, 12:11am EDT by By ERIC DASH
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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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As Oil Prices Soar, Restaurant Grease Thefts Rise
Posted: May 30th, 2008, 12:10am EDT by By SUSAN SAULNY
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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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U.S. Regulators Push to Strengthen Oversight of Energy Markets
Posted: May 30th, 2008, 12:10am EDT by By JAD MOUAWAD
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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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Trump Sells an Atlantic City Casino
Posted: May 30th, 2008, 12:10am EDT by By THE ASSOCIATED PRESS
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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 Drops Actress for China Remark
Posted: May 30th, 2008, 12:09am EDT by By DAVID JOLLY
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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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Notebook Sales Help Dell to Surpass Forecasts
Posted: May 30th, 2008, 12:08am EDT by By LAURIE J. FLYNN
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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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19,000 Workers Accept Buyout at G.M.
Posted: May 30th, 2008, 12:07am EDT by By NICK BUNKLEY
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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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Climate Enters Debate Over Nuclear Power
Posted: May 30th, 2008, 12:07am EDT by By KATE GALBRAITH
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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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Potter Was Still Magical, but Not All Books Rose
Posted: May 30th, 2008, 12:02am EDT by By MOTOKO RICH
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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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Courts Overturn 2 Vioxx Verdicts Against Merck
Posted: May 30th, 2008, 12:00am EDT by By ALEX BERENSON
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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.
