NYT > Business (20 unread)
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Laptop Searches in Airports Draw Fire at Senate Hearing
Posted: June 25th, 2008, 10:58pm EDT by By AUSTIN BOGUES
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Advocacy groups and legal experts told Congress that it was unreasonable for federal officials to search the laptops of United States citizens when they re-enter the country from traveling abroad.
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Wilber Hardee, Is Dead at 89; Founded Restaurants
Posted: June 25th, 2008, 10:49pm EDT by By DENNIS HEVESI
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Mr. Hardee was a farm boy turned grill cook who went on to open the first Hardee’s hamburger stand in 1960, starting a chain that now has nearly 2,000 restaurants.
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Leonid Hurwicz Dies at 90, Nobel Economist
Posted: June 25th, 2008, 10:49pm EDT by By WILLIAM GRIMES
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Mr. Hurwicz shared the Nobel Prize in economics last year for his work on mechanism design theory, which helps explain the interaction among individuals, markets and institutions.
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Expanding the Internet Well Beyond .com
Posted: June 25th, 2008, 10:19pm EDT by By THE ASSOCIATED PRESS
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An Internet oversight agency is considering the first sweeping changes in the network’s addressing system since its creation 25 years ago.
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Nike’s Profit Rises, but U.S. Sales Are Weak
Posted: June 25th, 2008, 10:01pm EDT by By REUTERS
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Nike reported a 12 percent rise in quarterly profit, helped by international growth, but weakness in the United States sent its shares down about 5 percent.
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Sales Up 6% at Bed, Bath & Beyond
Posted: June 25th, 2008, 10:01pm EDT by By REUTERS
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The home-goods retailer Bed Bath & Beyond posted a better-than-expected quarterly profit as sales rose 6 percent.
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Bits: Intel Won’t Embrace Microsoft’s Vista
Posted: June 25th, 2008, 7:33pm EDT by By STEVE LOHR
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Intel, Microsoft’s long-time partner in the development of the personal computer, has decided that it won’t upgrade most of the computers used by its employees to Microsoft’s Vista operating system.
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Europe Plans New Push to Cut Mobile Charges
Posted: June 25th, 2008, 6:56pm EDT by By KEVIN J. O’BRIEN
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The European Commission, having capped roaming fees on international mobile phone calls, plans a new move to lower cellphone charges that could result in even greater savings for European consumers.
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Bits: Publicis Launches Digital Media Initiative and Shakes Up Leadership
Posted: June 25th, 2008, 6:08pm EDT by By STEPHANIE CLIFFORD
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The advertising holding company Publicis Groupe announced a major reshuffling, focusing on digital media, and new partnerships with online portals.
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Another W.T.O. Push for a New Trade Deal
Posted: June 25th, 2008, 3:26pm EDT by By JAMES KANTER
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Pascal Lamy, the director general of the World Trade Organization, has called a meeting of ministers next month aimed at reaching a breakthrough deal on liberalizing global trade.
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Fed Keeps Rates Steady, but Notes Inflation Worries
Posted: June 25th, 2008, 2:25pm EDT by By LOUIS UCHITELLE
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The decision to halt a stream of rate cuts signaled concern that rising oil prices will push up the costs of goods and services.
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Justices Cut Damages Award in Exxon Valdez Spill
Posted: June 25th, 2008, 2:20pm EDT by By THE ASSOCIATED PRESS
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The Supreme Court cut the $2.5 billion punitive damages award in the 1989 oil spill to $500 million.
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New York’s High Court Sides With Grasso
Posted: June 25th, 2008, 1:27pm EDT by By JENNY ANDERSON
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A New York court upheld a lower court ruling dismissing four of six counts originally brought against Richard A. Grasso, the former chief of the New York Stock Exchange.
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South Korea to Lift Ban on U.S. Beef
Posted: June 25th, 2008, 1:21pm EDT by By CHOE SANG-HUN
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The government removed the last legal barrier keeping American beef imports from store shelves on Thursday, after weeks of demonstrations stoked by fears of mad cow disease.
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MasterCard Pays $1.8 Billion to American Express
Posted: June 25th, 2008, 1:17pm EDT by By ERIC DASH
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The deal comes months after Visa paid more than $2.1 billion to American Express over similar antitrust claims.
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General Mills Profit Falls, but Matches Outlook
Posted: June 25th, 2008, 11:20am EDT by By THE ASSOCIATED PRESS
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The company said costs for hedging commodities drove its fourth-quarter profit down 17 percent, but strong sales of yogurt, cookie mixes and Cheerios lifted revenue above expectations.
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New-Home Sales Fell Again in May
Posted: June 25th, 2008, 10:48am EDT by By MICHAEL M. GRYNBAUM
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Home buyers stayed on the sidelines despite lower prices while sales of big-ticket items stayed steady in May.
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Monsanto Posts Higher Profit
Posted: June 25th, 2008, 10:21am EDT by By REUTERS
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The agriculture giant reported higher-than-expected profit and raised its full-year forecast, citing strong sales of herbicide and specialty seed sales.
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Barclays Seeks $8.9 Billion in Funds
Posted: June 25th, 2008, 9:44am EDT by By JULIA WERDIGIER
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The British bank joined rivals in tapping the wealth of Asian and Middle Eastern investors to strengthen its capital base in a sign of continuing fallout from the subprime mortgage turmoil.
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Nissan C.E.O. Says Close to Raising Prices in Japan
Posted: June 25th, 2008, 12:47am EDT by By REUTERS
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Carlos Ghosn, the automaker’s chief executive, said the move was justified by the surge in the cost of raw materials such as steel.