NYT > Business (20 unread)
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Sentences Reduced for Adelphia Founder and Son
Posted: June 26th, 2008, 12:45am EDT by By ABHA BHATTARAI
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The sentence of John Rigas, 83, was reduced to 12 years from 15 years, and the sentence of Timothy Rigas, 52, was reduced to 17 years from 20 years, prosecutors said.
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Bits: A Genetic Quest for Better Chocolate
Posted: June 26th, 2008, 12:43am EDT by By STEVE LOHR
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Mars and I.B.M. are collaborating on a five-year project to sequence and analyze the entire cocoa genome.
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NBC Settles With Family That Blamed a TV Investigation for a Man’s Suicide
Posted: June 26th, 2008, 12:38am EDT by By BRIAN STELTER
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The family of Louis W. Conradt Jr. had filed a $105 million lawsuit against NBC, which showed Mr. Conradt on an episode of “To Catch a Predator” on its Dateline program.
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Stocks & Bonds: Shares Advance Modestly as Fed Leaves Rates Alone
Posted: June 26th, 2008, 12:35am EDT by By THE ASSOCIATED PRESS
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Wall Street ended an erratic day with a modest gain after the Federal Reserve left interest rates unchanged and issued a mixed assessment of the economy.
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Google Appoints a Finance Officer
Posted: June 26th, 2008, 12:35am EDT by By THE ASSOCIATED PRESS
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Google named Patrick Pichette as its new chief financial officer on Wednesday, succeeding George Reyes, who retired in December.
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California Sues Countrywide Over Lending
Posted: June 26th, 2008, 12:35am EDT by By REUTERS
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California joined Illinois on Wednesday in suing Countrywide Financial, claiming the company had practiced deceptive mortgage lending.
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Monsanto Beats Forecast and Raises 2008 Outlook
Posted: June 26th, 2008, 12:33am EDT by By REUTERS
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Monsanto posted a higher-than-expected quarterly profit and raised its full-year forecast, but its shares fell as Wall Street expressed disappointment that the company’s results and outlook were not stronger.
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American Airlines Details Flight Cutbacks
Posted: June 26th, 2008, 12:31am EDT by By THE ASSOCIATED PRESS
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American Airlines will cut back flights at many airports later this year, including hubs in Dallas and Chicago, because of record fuel prices.
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Profit Expands for BlackBerry Maker
Posted: June 26th, 2008, 12:31am EDT by By IAN AUSTEN
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Research in Motion said that its first quarter profit was more than double that of last year. But the result fell short of analysts’ estimates, causing the company’s shares to fall in after-hours trading.
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Strong Sales of Software Lift Oracle’s Net Income
Posted: June 26th, 2008, 12:30am EDT by By LAURIE J. FLYNN
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Oracle sounded a warning bell that growth was likely to slow in the first quarter as the company absorbed its latest major acquisition, BEA Systems.
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Gene Testing Questioned by Regulators
Posted: June 26th, 2008, 12:29am EDT by By ANDREW POLLACK
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Regulators are cracking down on companies that sell genetic tests directly to consumers, threatening to crimp the growth of one of the hottest sectors of the biotechnology industry.
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Advertising: A Spate of Ads Gives Vent to That Howard Beale Feeling
Posted: June 26th, 2008, 12:28am EDT by By STUART ELLIOTT
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Advertisers are trying to capture the spirit of outrage in campaigns that reflect and capitalize on the angry mood of the American consumer.
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Not Just Another Jelly Bean
Posted: June 26th, 2008, 12:28am EDT by By KATE MURPHY
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An anomaly in the stagnant $29.1 billion candy industry, the Jelly Belly Candy Company continues to grow and increase market share.
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Nissan and Others Add Factories in Emerging Markets
Posted: June 26th, 2008, 12:26am EDT by By MARTIN FACKLER
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In a radical shift, Japan’s staid Big Three automakers are plowing into exotic terrain, from Saharan Africa to the former Soviet Union to the scorching plains of southern India.
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Anheuser to Reject InBev Offer
Posted: June 26th, 2008, 12:26am EDT by By ANDREW ROSS SORKIN
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The board of the brewing company Anheuser-Busch is planning to reject InBev’s unsolicited $46.4 billion takeover bid this week, people close to the company said.
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Parties Split on How to Expand Offshore Drilling
Posted: June 26th, 2008, 12:25am EDT by By CLIFFORD KRAUSS
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Republicans want to end the ban on offshore drilling, while Democrats want to force companies to speed up exploration in certain offshore areas that they already control.
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Damages Cut Against Exxon in Valdez Case
Posted: June 26th, 2008, 12:24am EDT by By ADAM LIPTAK
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The Supreme Court reduced what had once been a $5 billion punitive damages award against ExxonMobil to about $500 million.
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A Hedge Fund Struggle for CSX Is Left in Limbo
Posted: June 26th, 2008, 12:10am EDT by By MICHAEL J. de la MERCED
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CSX said that a shareholder vote was too close to call and that the results would take a month to tally and certify.
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A Hedge Fund and Its Nonprofit Twin
Posted: June 26th, 2008, 12:09am EDT by By HEATHER TIMMONS
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With the Children’s Investment Fund and it’s affiliated charity, Christopher Cooper-Hohn and his wife, Jamie, follow a simple economic formula: he makes money, and she gives it away.
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State of the Art: The Camera That Knows Where It Is
Posted: June 26th, 2008, 12:05am EDT by By DAVID POGUE
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A new technology lets your digital camera detect thousands of silent wireless networking beacons, decide exactly where you are and then transmit a batch of photos wirelessly to your computer.
