NYT > Business (30 unread)
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Spanish Truckers Block Border
Posted: June 10th, 2008, 1:34am EDT by By DALE FUCHS and ALAN COWELL
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In the latest show of distress over fuel prices, Spanish truckers began a blockade of their country’s border with France, lining up their rigs in a crawling strike.
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Nickel and Diming, but Still Traveling
Posted: June 10th, 2008, 12:58am EDT by By JOE SHARKEY
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So far, travel agencies say, business travel is holding steady, although companies are tightening their belts.
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Stocks Are Steadier, but Analysts Are Cautious
Posted: June 10th, 2008, 12:51am EDT by By ABHA BHATTARAI
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The Dow recovered some of its big losses on Monday after oil prices retreated, but the broader stock market remained mixed as financial stocks continued to tumble.
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Saudi Arabia Calls for Summit on Energy Costs
Posted: June 10th, 2008, 12:48am EDT by By JAD MOUAWAD
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The energy summit of producers and consumers would focus on “how to objectively deal” with high prices, the Saudi government said.
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Chip Maker Revises Target
Posted: June 10th, 2008, 12:47am EDT by By REUTERS
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Texas Instruments narrowed on Monday a quarterly earnings and revenue goal it issued in April because of caution among its chip customers and weak demand for high-end phones.
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Share Sale by British Bank Draws 95% of Shareholders
Posted: June 10th, 2008, 12:47am EDT by By JULIA WERDIGIER and ALAN COWELL
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Analysts said shareholder response to the Royal Bank of Scotland’s record $23.5 billion rights issue was in line with their expectations.
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Fewer Planes, but Not Fewer Delays
Posted: June 10th, 2008, 12:47am EDT by By MATTHEW L. WALD
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Air traffic cuts, mainly at smaller airports, will not affect overall air delays as landing spots at busy airports will, for the most part, continue to be fully used.
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Frequent Flier: Travelers, Yes. Skateboards, No.
Posted: June 10th, 2008, 12:47am EDT by By TONY HAWK; as told to JOAN RAYMOND
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The time is gone when Tony Hawk, a professional skateboarder, could take his skateboard on a plane as a carry-on.
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Memo Pad
Posted: June 10th, 2008, 12:46am EDT by By JOE SHARKEY
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News about travel, airlines and airports.
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Discover Is Seeking $6 Billion From Rivals
Posted: June 10th, 2008, 12:45am EDT by By REUTERS
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The claim for damage against larger rivals Visa and MasterCard was cited in court papers that had been kept confidential in the antitrust case, first filed four years ago.
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Times Vice President Is Appointed
Posted: June 10th, 2008, 12:45am EDT
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The New York Times announced the appointment of Michael Valentine on Monday as vice president for human resources.
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Two Actors’ Unions Fight as One Tries for a Deal
Posted: June 10th, 2008, 12:45am EDT by By MICHAEL CIEPLY
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The dispute increases the likelihood of new labor strife in an entertainment industry still recovering from a writers’ strike that ended just four months ago.
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Change of Control at the Los Angeles Times Magazine
Posted: June 10th, 2008, 12:44am EDT by By RICHARD PÉREZ-PEÑA
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Control of the monthly magazine would switch from its newsroom to its business operations and the entire editorial staff would be replaced.
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Advertising: A Venerable Sports Paper Plays Catch-Up
Posted: June 10th, 2008, 12:44am EDT by By DOUGLAS QUENQUA
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Now a new owner is hoping to revive the Sporting News, once nicknamed the bible of baseball, by bringing it into the digital age.
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Apple Aims for the Masses With a Cheaper iPhone
Posted: June 10th, 2008, 12:43am EDT by By JOHN MARKOFF
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The company announced a new version of the iPhone with lots of new programs.
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Surprise Increase in Pending Home Sales
Posted: June 10th, 2008, 12:42am EDT by By THE ASSOCIATED PRESS
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Pending sales unexpectedly increased in April to the highest reading since October, but they remain more than 13 percent below a year ago, an industry group said.
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F.H.A. Faces $4.6 Billion in Losses
Posted: June 10th, 2008, 12:42am EDT by By RACHEL L. SWARNS
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The housing agency attributed the unexpected losses to high default rates in its portfolio of home loans.
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Ranks of Underinsured Are Rising, Study Finds
Posted: June 10th, 2008, 12:42am EDT by By REED ABELSON
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A study found that the coverage of approximately one of every five adults younger than age 65 with health insurance was inadequate in case of serious health problems.
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Kaiser Backs Microsoft Patient-Data Plan
Posted: June 10th, 2008, 12:40am EDT by By STEVE LOHR
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Kaiser Permanente is endorsing the drive toward consumer-controlled personal health records in a partnership with Microsoft.
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Yahoo Shareholders Seek Repeal of Severance Plan
Posted: June 10th, 2008, 12:39am EDT by By MIGUEL HELFT
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An employee severance plan put in place by Yahoo to protect workers after a merger with Microsoft could skew the outcome of a proxy battle, a lawsuit says.
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CIT Gains Financing for Its Debt
Posted: June 10th, 2008, 12:39am EDT by By REUTERS
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The commercial finance company has been struggling to secure financing for billions of dollars of debt maturing this year.
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Justices to See Philip Morris Case a Third Time
Posted: June 10th, 2008, 12:38am EDT by By LINDA GREENHOUSE
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The Supreme Court will review for the third time the case of a longtime smoker who died from lung cancer.
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At Airports, Lines Made for Speed
Posted: June 10th, 2008, 12:38am EDT by By SUSAN STELLIN
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A new system, using a ski slope metaphor, has three “self-select” security lines for travelers with various degrees of familiarity with airline checkpoint procedures.
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Bush Talks Up Dollar as He Heads to Europe
Posted: June 10th, 2008, 12:37am EDT by By SHERYL GAY STOLBERG and STEVEN R. WEISMAN
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Amid soaring oil prices and worrisome inflation, the White House is joining with the Federal Reserve in calling for an end to the dollar’s slump.
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Derivatives Trading Is Scrutinized
Posted: June 10th, 2008, 12:36am EDT by By MICHAEL M. GRYNBAUM
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The regulatory step by the Federal Reserve is intended to assure that the failure of a major financial institution would not create the systemic threat seen in March after the collapse of Bear Stearns.
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Dealbook: CSX Grasping at Straws to End Battle
Posted: June 10th, 2008, 12:35am EDT by By ANDREW ROSS SORKIN
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CSX, one of largest railroad companies in the nation, has managed to turn a proxy contest with a British hedge fund into a matter of national security.
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Lehman Posts Loss and Plans to Raise Capital
Posted: June 10th, 2008, 12:34am EDT by By JENNY ANDERSON and LOUISE STORY
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The firm posted a loss of $2.8 billion, far exceeding the most pessimistic forecasts, and said that it will raise up to $6 billion in fresh capital from investors.
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Gadfly, Contending Price Fixing, Sues OPEC
Posted: June 10th, 2008, 12:28am EDT by By DAMIEN CAVE
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Larry Klayman, a lawyer and conservative gadfly, filed a federal lawsuit in Miami accusing the Organization of Petroleum Exporting Countries of price fixing.
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The Food Chain: Worries Mount as Farmers Push for Big Harvest
Posted: June 10th, 2008, 12:25am EDT by By DAVID STREITFELD and KEITH BRADSHER
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As the world clamors for more corn, wheat, soybeans and rice, farmers are trying to meet the challenge. But evidence suggests harvests will be average at best.
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Smartphones Now Ringing for Women
Posted: June 10th, 2008, 12:25am EDT by By LAURA M. HOLSON
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In a shift for the phone industry, women have emerged as eager buyers of so-called smartphones.
