NYT > Business (33 unread)
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Entrepreneurial Edge: Keeping the Water Pure Is Suddenly in Demand
Posted: June 18th, 2008, 11:52pm EDT by By JAMES FLANIGAN
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Small companies are finding opportunities in ambitious plans to bring new supplies of clean water to drought-stricken areas in the U.S. and the world.
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Chemical Maker Files Suit to Block Its $10.6 Billion Merger
Posted: June 18th, 2008, 11:51pm EDT by By MICHAEL J. de la MERCED
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Hexion Specialty Chemicals, a chemical maker owned by the buyout firm Apollo Management, sued the Huntsman Corporation to end their $10.6 billion merger.
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U.S. and China Agree to Ease Foreign Investment
Posted: June 18th, 2008, 11:50pm EDT by By STEVEN R. WEISMAN
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The countries announced that they would try to negotiate a treaty to ban the discriminatory practices that each side has accused the other of using to block foreign investments.
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Bush Calls for End to Ban on Offshore Oil Drilling
Posted: June 18th, 2008, 11:50pm EDT by By SHERYL GAY STOLBERG
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President Bush said that ending the ban would lower gasoline prices and “strengthen our national security.”
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Trading Hurts Morgan Stanley Profits
Posted: June 18th, 2008, 11:49pm EDT by By LANDON THOMAS Jr.
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With its core securities trading business feeling the tight credit market, the investment bank reported a 58 percent fall in quarterly profit. The results were broadly in line with analysts’ expectations.
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Most Doctors Aren’t Using Electronic Health Records
Posted: June 18th, 2008, 11:47pm EDT by By STEVE LOHR
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A government-sponsored survey of the use of computerized patient records by physicians points to two seemingly contradictory conclusions, and a health care system at odds with itself.
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Chief Leaving Hearst After Dispute
Posted: June 18th, 2008, 11:44pm EDT by By RICHARD PÉREZ-PEÑA
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Victor F. Ganzi is leaving the publishing empire after nearly 30 years because of irreconcilable differences with its board of trustees over the company’s future, Hearst said.
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DreamWorks Founders Seek a Chance to Move On
Posted: June 18th, 2008, 11:44pm EDT by By MICHAEL CIEPLY and BROOKS BARNES
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Steven Spielberg and his partner in DreamWorks SKG, David Geffen, are in discussions with Reliance Big Entertainment of India about a cash infusion of $500 million to $600 million
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Dearth of Ships Delays Drilling of Offshore Oil
Posted: June 18th, 2008, 11:43pm EDT by By JAD MOUAWAD and MARTIN FACKLER
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As President Bush considers repealing a ban on offshore drilling, a shortage of ships used for such drilling promises to impede any rapid turnaround in oil exploration.
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Fallout From Bad Loans Rocks Regional Banks
Posted: June 18th, 2008, 11:42pm EDT by By ERIC DASH
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Regional banks across the nation are being shaken to the core by the mortgage crisis. For many of them, things are going from bad to worse.
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State of the Art: Grocery Shopping Made Easy
Posted: June 18th, 2008, 11:38pm EDT by By DAVID POGUE
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Meet the Ikan, a scanning device that allows you to stay home and order groceries from an illustrated, error-proof shopping list.
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The Catch Phrase Is ‘à La Carte’ as Airlines Push Additional Fees
Posted: June 18th, 2008, 11:37pm EDT by By MICHELINE MAYNARD
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Airlines are adding fees and surcharges on top of rising fares. They would like travelers to embrace them as “à la carte pricing.”
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Audit Says Tanker Deal Is Flawed
Posted: June 18th, 2008, 11:35pm EDT by By LESLIE WAYNE
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The Air Force made errors in awarding a lucrative contract to Northrop Grumman and its European partner, the Government Accountability Office said.
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Release of Generic Lipitor Is Delayed
Posted: June 18th, 2008, 11:33pm EDT by By STEPHANIE SAUL
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The settlement of a patent dispute over the blockbuster cholesterol drug will delay the release of generic versions in the United States until 2011.
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Advertising: Sustaining a Rally in Women’s Tennis
Posted: June 18th, 2008, 11:22pm EDT by By CLAIRE ATKINSON
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The Women’s Tennis Association, now known as the Sony Ericsson WTA Tour, is trying to capitalize on the popularity of its stars with a $15 million global branding campaign.
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After Loss, FedEx Issues a Cautious Forecast
Posted: June 18th, 2008, 11:17pm EDT by By THE ASSOCIATED PRESS
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FedEx reported a fourth-quarter loss and offered a gloomy outlook as it wrestled with a slumping American economy and soaring fuel costs.
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Broader Role for Federal Reserve Sought
Posted: June 18th, 2008, 10:38pm EDT by By STEPHEN LABATON
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Treasury Secretary Henry M. Paulson Jr., in a speech on Thursday, will ask policy makers to move swiftly to give greater tools and authority to the Federal Reserve to handle financial crises.
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Trouble in Financials Drags Down Shares
Posted: June 18th, 2008, 10:03pm EDT by By THE ASSOCIATED PRESS
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Wall Street sank for the second consecutive day on renewed concerns about the financial sector and FedEx’s warning on profits for the coming year.
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H.P. to Reorganize Its Printing Division
Posted: June 18th, 2008, 10:03pm EDT by By MATT RICHTEL
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Hewlett-Packard said it would reorganize its printing division, the company’s crown jewel, to try to accelerate the growth of its corporate and consumer printing services businesses.
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At Social Site, Only the Businesslike Need Apply
Posted: June 18th, 2008, 3:16pm EDT by By BRAD STONE
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In the midst of Silicon Valley’s recession-proof enthusiasm for community-oriented Web sites, LinkedIn, the most boring of the social networks, is grabbing the spotlight.
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Investors Seek Asian Options to Costly China
Posted: June 18th, 2008, 1:13pm EDT by By KEITH BRADSHER
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A number of multinationals are creating or expanding other Asian bases, particularly in Vietnam.
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Fifth Third Bank to Raise $2 Billion
Posted: June 18th, 2008, 8:57am EDT by By REUTERS
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The large regional bank also said that it would slash its dividend by 66 percent to deal with mounting credit losses.
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Dennis Weatherstone, Banking Sage, Dies at 77
Posted: June 18th, 2008, 5:19am EDT by By ERIC DASH
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Mr. Weatherstone helped usher in a new era of banking during the early 1990s as chairman and chief executive at J. P. Morgan.
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Wyeth Shares Rise on Promising Study of Alzheimer’s Drug
Posted: June 18th, 2008, 2:21am EDT by By STEPHANIE SAUL
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The drug maker said that a product for treating Alzheimer’s improved cognitive functioning in patients who did not carry a genetic variation called ApoE4.
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Rising Prices and Banking Worries Push Shares Lower
Posted: June 18th, 2008, 2:21am EDT by By THE ASSOCIATED PRESS
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The Dow Jones industrial average fell more than 100 points after a troubling reading on wholesale inflation underscored the drag of high energy prices on the economy.
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Bill Promotes Universal College Loans
Posted: June 18th, 2008, 2:20am EDT by By JONATHAN D. GLATER
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After reports that some lenders have stopped offering federal loans at community colleges, two senators introduced legislation to forbid lenders from picking and choosing among institutions.
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Square Feet: Budget Hotels for the Garment District
Posted: June 18th, 2008, 1:18am EDT by By J. ALEX TARQUINIO
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A handful of developers is transforming an erstwhile manufacturing area into a magnet for budget-minded travelers.
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Judge Sharply Dismisses Former Gossip Writer’s Suit
Posted: June 18th, 2008, 12:35am EDT by By JOHN ELIGON
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A judge dismissed a suit by a former New York Post gossip writer who accused Senator Hillary Rodham Clinton and Bill Clinton, The Daily News and others of conspiring to ruin his reputation.
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Claim Over Red Cross Symbol Is Settled
Posted: June 18th, 2008, 12:11am EDT by By STEPHANIE SAUL
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The American Red Cross and Johnson & Johnson announced that they had settled a longstanding dispute over use of the Red Cross trademark.
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Big Banks Sued Over Sewer Bonds
Posted: June 18th, 2008, 12:11am EDT by By BLOOMBERG NEWS
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A man in Jefferson County, Ala., has sued 12 banks, advisers and insurers, claiming their work on county bond transactions saddled residents with soaring sewer bills.
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Ford Says Kerkorian’s Investment Is a Sign of Confidence
Posted: June 18th, 2008, 12:11am EDT by By BILL VLASIC
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After waging bitter battles with management at Chrysler and General Motors, the financier Kirk Kerkorian is off to a more peaceful start as a major shareholder in the Ford Motor Company.
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U.S. to Set New Limits on Oil Trade Overseas
Posted: June 18th, 2008, 12:10am EDT by By THE ASSOCIATED PRESS
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Federal regulators said that they would place stricter limits on foreign exchanges that trade American oil as concerns continue to grow about the role of speculation in rising fuel prices.
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Advertising: Crude? So What? These Characters Still Find Work in Ads
Posted: June 18th, 2008, 12:00am EDT by By STUART ELLIOTT
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Big brands have been borrowing for their marketing efforts characters from “Family Guy,” which has been criticized for everything from anti-Semitism and sexism to homophobia.
