NYT > Business (17 unread)
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Fugitive Hedge Fund Manager Surrenders
Posted: July 2nd, 2008, 11:29am EDT by By ABHA BHATTARAI
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The surrender of Samuel Israel III to law enforcement officials on Wednesday ended a manhunt that began shortly after he faked his suicide on the day that he was to report to prison.
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Deepening Cycle of Job Loss Seen Lasting Into ’09
Posted: July 2nd, 2008, 11:25am EDT by By PETER S. GOODMAN
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Experts say the troubles dogging the economy will be stubborn, leaving in place tight credit and scant job opportunities perhaps well into next year.
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U.S. May Factory Orders Beat Expectations
Posted: July 2nd, 2008, 11:09am EDT by By REUTERS
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New orders at U.S. factories rose by a sharper-than-expected 0.6 percent on a boost in orders for new aircraft, the Commerce Department reported.
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Bank Takes Environmental Step Into Rural Town
Posted: July 2nd, 2008, 11:02am EDT by By LONG HWA-SHU
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HSBC has moved its North American headquarters to a sprawling facility that it bills as carbon neutral in a hamlet about 30 miles north of Chicago.
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UnitedHealth Settles Options Suit and Lowers Outlook
Posted: July 2nd, 2008, 10:54am EDT by By THE ASSOCIATED PRESS
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The health insurer lowered its 2008 profit outlook on Wednesday, and it announced an agreement to pay $895 million to settle a class-action lawsuit.
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Kroger Expands Voluntary Recall of Ground Beef
Posted: July 2nd, 2008, 10:51am EDT by By REUTERS
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Kroger said on Wednesday it expanded its voluntary recall of ground beef products sold in two states because the meat had been linked to recent outbreaks of E. coli bacteria.
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Clay Felker, Magazine Pioneer, Dies at 82
Posted: July 2nd, 2008, 10:18am EDT by By DEIRDRE CARMODY
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At New York magazine, Mr. Felker was credited with inventing a widely imitated formula for glossy weeklies.
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Walgreen Same-Store Sales Up in June
Posted: July 2nd, 2008, 9:49am EDT by By REUTERS
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The drugstore operator said on Wednesday that sales at stores open at least one year rose 3.4 percent, led by general merchandise purchases.
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Wanted: Skilled Workers for a Growing Economy in Brazil
Posted: July 2nd, 2008, 3:15am EDT by By ANDREW DOWNIE
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Many experts say the dearth of highly skilled labor, particularly engineers and tradesmen, will jeopardize Brazil’s economic and political rise.
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Economic Scene: Dispelling the Myths of Summer
Posted: July 2nd, 2008, 12:56am EDT by By DAVID LEONHARDT
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The current economic downturn has no one dominant mythology, and several are making the rounds. Many of these fictions will get good air time this summer.
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Judge Clears U.S. Request for UBS Clients’ Names
Posted: July 2nd, 2008, 12:55am EDT by By LYNNLEY BROWNING and JULIA WERDIGIER
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A federal judge on Tuesday cleared the way for prosecutors to force the Swiss bank UBS to turn over the names of clients as part of an investigation of its offshore private banking practices.
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Fuselage Damage May Slow Boeing
Posted: July 2nd, 2008, 12:49am EDT by By BLOOMBERG NEWS
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Already facing a delay of at least 14 months on its new 787 Dreamliner aircraft, damage to the fourth of six test planes could have an effect on the full program.
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Advertising: Speaking to Women, With Firsthand Experience
Posted: July 2nd, 2008, 12:49am EDT by By STUART ELLIOTT
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The Omnicom Group, the largest advertising holding company, is forming the consultancy to help marketers reach women, the largest consumer group.
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Blockbuster Drops Bid for Circuit City
Posted: July 2nd, 2008, 12:45am EDT by By THE ASSOCIATED PRESS
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Blockbuster said on Tuesday that it was withdrawing its proposal to acquire Circuit City Stores.
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CIT Group Is Selling Off Bad Loans
Posted: July 2nd, 2008, 12:45am EDT by By REUTERS
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The CIT Group said it had agreed to sell nearly $10 billion of mortgage assets in a deal that would remove problem loans from its balance sheet. Its shares rose almost 30 percent.
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Microsoft Buys Online Concern
Posted: July 2nd, 2008, 12:36am EDT by By DOW JONES
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Microsoft said on Tuesday that it would buy Powerset Inc., an Internet search company, the latest in a string of acquisitions aimed at bolstering its position online.
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A.I.G. Pays Its Ex-Chief $47 Million
Posted: July 2nd, 2008, 12:35am EDT by By REUTERS
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The resignation of the company’s former chief executive, Martin J. Sullivan, took effect on Tuesday.
