NYT > Business (32 unread)
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A Loss, but Toll Brothers Tops Expectations
Posted: June 3rd, 2008, 6:15pm EDT by By ABHA BHATTARAI
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The luxury home builder posted a narrower-than-expected loss of $93.7 million in the second quarter, hurt by weakened demand amid the nation’s housing slump.
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Fed Chief Signals End to Rate Cuts
Posted: June 3rd, 2008, 5:17pm EDT by By THE ASSOCIATED PRESS
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Ben S. Bernanke signaled that further interest rate cuts were unlikely because of concerns about inflation.
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G.M. Closing 4 Truck Plants in Shift Toward Cars
Posted: June 3rd, 2008, 5:04pm EDT by By BILL VLASIC
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Responding to a consumer shift to more fuel-efficient vehicles, G.M. is also weighing a sale of Hummer.
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China Moves Quickly in Drug Mystery
Posted: June 3rd, 2008, 4:29pm EDT by By KEITH BRADSHER
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The deaths of six hospital patients who received a blood-based drug at a hospital in Jiangxi Province has prompted an unusually swift response from authorities.
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Auto Buyers Go Small in May
Posted: June 3rd, 2008, 4:14pm EDT by By NICK BUNKLEY
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Smaller cars like the Civic and Corolla easily outsold the traditional pacesetters, the Ford F-series and Chevrolet Silverado pickups, last month.
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Factory Orders Rise 1.1% in April
Posted: June 3rd, 2008, 4:00pm EDT by By THE ASSOCIATED PRESS
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Orders for manufactured goods posted a surprisingly strong increase in April as demand rose across a number of industries.
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Lawsuit Criticizes Yahoo Retention Plan
Posted: June 3rd, 2008, 3:13pm EDT by By MIGUEL HELFT
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The lawsuit against Yahoo’s board over its rebuff of Microsoft’s $47.5 billion buyout bid was made public by a judge who said that Yahoo had not shown good reason to keep it confidential.
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Regulators Move to Tighten Oversight of Commodities
Posted: June 3rd, 2008, 2:18pm EDT by By DIANA B. HENRIQUES
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The Commodity Futures Trading Commission announced steps including a demand for more information on investors to determine whether they are driving up food prices.
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U.N. Issues Warning on Food Crisis
Posted: June 3rd, 2008, 9:01am EDT by By ELISABETH ROSENTHAL and ANDREW MARTIN
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Resolving the global food crisis could cost as much as $30 billion a year and wealthier nations are doing little to help the developing world, United Nations officials said.
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Downgrade of 3 Banks Revives Credit Fears
Posted: June 3rd, 2008, 8:12am EDT by By MICHAEL M. GRYNBAUM
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Stocks markets fell on Monday after a trio of Wall Street’s biggest banks were hit with a ratings downgrade, leaving investors worried that additional billion-dollar losses may be in the offing.
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Despite Fire, Universal Studios Is Open
Posted: June 3rd, 2008, 8:08am EDT by By MICHAEL CIEPLY
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After a weekend fire destroyed part of the lot at Universal Studios, guides on the popular studio tour were working the disaster into their patter.
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Tavern on the Green to Pay $2.2 Million to Settle Harassment Claim
Posted: June 3rd, 2008, 2:24am EDT by By STEVEN GREENHOUSE and DAVID GIAMBUSSO
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The Equal Employment Opportunity Commission had accused the restaurant of “severe and pervasive” harassment of female, black and Hispanic employees.
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Trade Center to Get Tenant From China
Posted: June 3rd, 2008, 2:23am EDT by By CHARLES V. BAGLI
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A Chinese real estate company has signed a deal to lease space in the Freedom Tower, making it the first private company to agree to occupy the future skyscraper.
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Following the Money Behind Big Brown
Posted: June 3rd, 2008, 1:44am EDT by By JOE DRAPE
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James Tagliaferri’s St. Thomas Island-based asset-management company is the real money behind Big Brown and International Equine Acquisitions Holdings.
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Boutique Bandwagon
Posted: June 3rd, 2008, 1:33am EDT by By SUSAN STELLIN
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A couple of decades after boutique hotels were first launched, the concept has become so successful that hoteliers across the industry are rushing to develop boutique brands.
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H.P. to Put Microsoft’s Live Search in PCs
Posted: June 3rd, 2008, 1:32am EDT by By REUTERS
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The agreement, which takes effect next January for new PCs in the United States and Canada, displaces a similar one Hewlett-Packard has with Yahoo.
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No Ruling Means No Change for Fantasy Baseball Leagues
Posted: June 3rd, 2008, 1:27am EDT by By LINDA GREENHOUSE
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Major League Baseball’s effort to maintain exclusive control of its players’ statistics failed on Monday.
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Mobile and Landline Deals to Update Service in China
Posted: June 3rd, 2008, 1:25am EDT by By REUTERS
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China Unicom, a cellphone service provider, agreed to sell a wireless network to the country’s largest fixed-line operator and buy a fixed-line company of its own.
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Brocade Settles Suit Over Timing of Options
Posted: June 3rd, 2008, 1:25am EDT by By REUTERS
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The network equipment maker agreed to pay $160 million to resolve a class-action lawsuit over the backdating of stock options, the company said in a statement.
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Sports of The Times: Baseball Follows Selig’s Lead on Cancer
Posted: June 3rd, 2008, 1:25am EDT by By GEORGE VECSEY
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Bud Selig’s bout with skin cancer has led to Major League Baseball’s $10 million donation to an outfit, which will stage an unprecedented collaboration among the major networks for a fund-raiser to battle the disease.
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Memo Pad: Memo Pad
Posted: June 3rd, 2008, 1:24am EDT by By JOE SHARKEY
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News about airlines and airports.
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Frequent Flier: The Dress Is in Chicago, but Lou Lou’s With Me
Posted: June 3rd, 2008, 1:16am EDT by By REEM ACRA; as told to JOAN RAYMOND
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Traveling with pets can be an adventure. But not always because of the pets.
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Dealbook: Secret Life of a Deal
Posted: June 3rd, 2008, 1:10am EDT by By ANDREW ROSS SORKIN
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Two of Dow Chemical’s top executives worked on a $50 billion takeover of their company last year, behind the backs of the company’s chief executive and board.
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On the Road: Hotels Struggle to Find the Right Eco-Message
Posted: June 3rd, 2008, 1:07am EDT by By JOE SHARKEY
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Hotels that care about the environment often have to balance this concern with their own business needs.
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U.S. Manufacturing Slips as Inflation Gauge Surges
Posted: June 3rd, 2008, 1:01am EDT by By REUTERS
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United States manufacturing declined in May for the fourth consecutive month while inflation surged to the highest in four years, heightening fears of stagflation.
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Tyson to Stop Calling Chicken Antibiotic-Free
Posted: June 3rd, 2008, 12:57am EDT by By REUTERS
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The company cited “uncertainty and controversy over product labeling regulations.”
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An Impossible Dream, the Euro Finds Its Way
Posted: June 3rd, 2008, 12:39am EDT by By CARTER DOUGHERTY and MARK LANDLER
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After the success of the single currency, the European Central Bank faces a new challenge. How will it make monetary policy with some members mired in a slowdown and others stalked by inflation?
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Class-Action Lawyer Gets 30 Months in Prison
Posted: June 3rd, 2008, 12:37am EDT by By JONATHAN D. GLATER
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Melvyn I. Weiss, the prominent class-action lawyer, was sentenced to 30 months in prison by a federal district judge in Los Angeles for his role in concealing illegal kickbacks to plaintiffs.
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Kinko’s Is Now FedEx Office
Posted: June 3rd, 2008, 12:19am EDT by By REUTERS
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FedEx said it will change the name of its printing and professional services unit, which it purchased in 2004, and record a charge resulting from the renaming.
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Grasso’s Grit May Win After All
Posted: June 3rd, 2008, 12:11am EDT by By LANDON THOMAS Jr.
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The chances are growing that Richard A. Grasso will keep the $185 million pay package that led to his ouster as chairman of the New York Stock Exchange.
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Wachovia Forces Out Its Chief
Posted: June 3rd, 2008, 12:08am EDT by By ERIC DASH
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The ouster of G. Kennedy Thompson as chief executive, announced Monday morning, leaves the Charlotte, N.C.-based bank confronting an uncertain future.
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Advertising: Mr. Bill Returns (in One Piece) to Pitch a Debit Card
Posted: June 3rd, 2008, 12:06am EDT by By WENDY A. LEE
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Mr. Bill, the clay doll that was pulverized in vintage “Saturday Night Live” skits, makes it through the day in a new ad campaign by MasterCard.
