NYT > Business (41 unread)
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EMC Replaces the Chief and Co-Founder of VMware, Silencing Talk of a Spinoff
Posted: July 8th, 2008, 11:39pm EDT by By STEVE LOHR
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Diane Greene, the former chief executive and co-founder of VMware, had been pushing hard for the company to be spun off early next year.
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Wholesale Inventories Rise, Led by Computers, Metals and Farm Goods
Posted: July 8th, 2008, 11:34pm EDT by By BLOOMBERG NEWS
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While consumer borrowing increased in May, a decline in stockpiles puts distributors in a good place for scaling back production slowly in the face of a struggling economy.
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Alcoa Profit Tops Estimates After Price Rise
Posted: July 8th, 2008, 11:31pm EDT by By BLOOMBERG NEWS
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Alcoa, the aluminum producer, reported second-quarter profit that topped analyst estimates as the company raised prices.
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Pepsi Bottling Cuts Full-Year Outlook
Posted: July 8th, 2008, 11:10pm EDT by By REUTERS
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The Pepsi Bottling Group posted better-than-expected quarterly profit on Tuesday as a result of price increases and cost-cutting, but trimmed its full-year outlook for revenue and operating profit.
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A Landmark Theater in Need of a Sequel
Posted: July 8th, 2008, 11:10pm EDT by By J. ALEX TARQUINIO
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The Metro Theater, a landmark 1930s Art Deco movie theater on the Upper West Side, is for sale ... and for lease.
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Diamond District Tenants Worry About Spate of Building Deals
Posted: July 8th, 2008, 11:08pm EDT by By TERRY PRISTIN
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Developers’ plans to transform the area’s skyline with new spaces for residential and office use cause existing tenants to fear they will be priced out.
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Fox Network Adds Journal Columnist
Posted: July 8th, 2008, 11:00pm EDT by By BRIAN STELTER
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The Wall Street Journal’s personal technology columnist Walt Mossberg will contribute regularly to its corporate sibling the Fox Business Network.
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Many Movie Theaters Decide to Leave the Bat Signal on Till Dawn
Posted: July 8th, 2008, 10:39pm EDT by By MICHAEL CIEPLY
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Fans of “The Dark Knight” have bought so many late-night tickets for the July 18 opening, some theaters are scheduling 6 a.m. screenings.
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Siemens to Cut 4% of Work Force
Posted: July 8th, 2008, 8:28pm EDT by By MARK LANDLER
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In a sign that the global economy is catching up with Germany, Siemens said that it would cut 16,750 jobs across its operations as it struggles to bolster profits.
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Bits: One Video Game Union Is Celebrated, While Another Struggles to Get to the Altar
Posted: July 8th, 2008, 8:28pm EDT by By MATT RICHTEL
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Activision shareholders approved the company’s merger with Vivendi’s Blizzard Entertainment, as Electronic Arts started federal antitrust review of its hostile offer for Take Two Interactive.
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Mortgage Lender Faces Rush to Withdraw
Posted: July 8th, 2008, 8:25pm EDT by By ERIC DASH
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Depositors of IndyMac were rushing to withdraw cash on Tuesday after a prominent senator questioned the mortgage lender’s ability to survive the housing crisis.
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Oil Prices Plunge for Second Day
Posted: July 8th, 2008, 8:24pm EDT by By CLIFFORD KRAUSS
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Analysts said it was too soon to predict an outright collapse in prices, and some were puzzled by the drop.
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Designing Cars for Low-Carbon Chic
Posted: July 8th, 2008, 8:22pm EDT by By SIMON MARKS
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Automakers and designers are mapping out a new generation of lighter, sleeker vehicles that could give a radical new look to urban streets.
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Fed Concludes Economic Woes Likely to Spill Into 2009
Posted: July 8th, 2008, 8:17pm EDT by By STEPHEN LABATON
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Ben S. Bernanke outlined a series of steps the Fed is considering to stem the housing and financial crises.
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Advertising: Ad Spending Forecast Lowered Again
Posted: July 8th, 2008, 7:58pm EDT by By STUART ELLIOTT
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A leading forecaster of advertising spending has again cut his prediction for growth this year amid weakness in the U.S. economy and difficulties among media like newspapers and radio.
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Alcoa’s Profit Falls on Higher Costs
Posted: July 8th, 2008, 7:41pm EDT by By REUTERS
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Surging costs at the aluminum producer more than offset a jump in prices, sending second-quarter profit lower. The results beat Wall Street expectations, however.
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Report Faults Credit-Rating Agencies
Posted: July 8th, 2008, 5:30pm EDT by By THE ASSOCIATED PRESS
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The three main credit-rating agencies failed to rein in conflicts of interest in giving high ratings to risky securities backed by subprime mortgages, federal regulators said.
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Sir John M. Templeton, Philanthropist, Dies at 95
Posted: July 8th, 2008, 4:57pm EDT by By ROBERT D. McFADDEN
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Sir John was an investor who founded the Templeton Prize for “progress in religion” and “research or discoveries.”
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VMware Replaces Chief Executive
Posted: July 8th, 2008, 2:23pm EDT by By REUTERS
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The business software maker warned that 2008 revenue growth will fall short of expectations and said it has replaced its chief executive, sending its shares tumbling 30 percent.
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Bedeviled by the Churn, Sprint Tries to Win Back Disgruntled Customers
Posted: July 8th, 2008, 2:24am EDT by By LAURA M. HOLSON
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Sprint’s new chief executive, Daniel R. Hesse, has much to do to repair the cellphone operator’s corporate culture and to stem the losses of customers to rivals.
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High Fuel Costs Lead AirTran to Cut 480 Jobs
Posted: July 8th, 2008, 2:11am EDT by By MICHELINE MAYNARD
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The airline said it would cut its pilot and flight attendant ranks, joining a growing list of airlines that have reduced their work forces in the face of high fuel prices.
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Microsoft Is Icahn’s Ally in Pursuit of Yahoo
Posted: July 8th, 2008, 2:10am EDT by By MIGUEL HELFT
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Microsoft said on Monday that it was still interested in a deal, as long as Yahoo replaces its board.
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Loan Pains Turned Site Into a Hit
Posted: July 8th, 2008, 2:08am EDT by By LOUISE STORY
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The Mortgage Lender Implode-O-Meter, a Web site, is gleefully tallying the number of lenders that run into trouble.
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Washington Post Signals Shift With a New Editor
Posted: July 8th, 2008, 2:03am EDT by By RICHARD PÉREZ-PEÑA
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The choice of Marcus W. Brauchli as the new top editor of The Washington Post represents a generational change.
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DealBook: Psst! Hear the Rumor of the Day?
Posted: July 8th, 2008, 2:01am EDT by By ANDREW ROSS SORKIN
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Amid the desperation of the bear market, the art of the rumor has become increasingly powerful.
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Europeans Reconsider Biofuel Goal
Posted: July 8th, 2008, 2:00am EDT by By JAMES KANTER
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European officials proposed scaling back drastically on their goal of increasing Europe’s use of biofuels, a major about-face on a central environmental and energy issue.
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Belgian Brewer in Pursuit of Anheuser-Busch Plans to Replace the Directors
Posted: July 8th, 2008, 1:43am EDT by By DAVID JOLLY
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InBev said that it would seek to remove the entire board of Anheuser-Busch as part of its attempt to buy the U.S. brewer for $46 billion.
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Nose Cone of Northwest Jet Dented in Flight
Posted: July 8th, 2008, 1:40am EDT by By MICHELINE MAYNARD
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The cause of the damage is unknown, but pilots heard a bang when the plane was at 18,000 feet during its descent into Tampa, Fla.
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German Health Care Company Buying Intravenous Drug Firm
Posted: July 8th, 2008, 1:38am EDT by By THE ASSOCIATED PRESS
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The German health care company Fresenius said it had agreed to buy the American generic drug maker APP Pharmaceuticals for $3.7 billion.
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Chinese Offshore Oil Company to Acquire Competitor in Norway
Posted: July 8th, 2008, 1:38am EDT by By REUTERS
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China’s largest offshore oil services group agreed to buy a Norwegian rival, Awilco Offshore, for about $2.5 billion to increase its drilling capacity and tap overseas markets.
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Federal Financial Regulators Agree to Share Information
Posted: July 8th, 2008, 1:38am EDT by By THE ASSOCIATED PRESS
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The agreement is aimed at better detecting risks to the U.S. financial system, regulators said.
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Advertising: Whichever Screen, People Are Watching
Posted: July 8th, 2008, 1:37am EDT by By BRIAN STELTER
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The time spent in front of the television screen and in front of the computer screen continues to increase, a report found.
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On the Road: Boss in the Corporate Jet Is Likely to Be a Woman
Posted: July 8th, 2008, 1:34am EDT by By JOE SHARKEY
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There is less and less truth to the stereotype of the typical user of the private jet as a well-off guy in a big corporate jet.
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Advice From Strangers
Posted: July 8th, 2008, 1:32am EDT by By CLAIRE ATKINSON
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Word of mouse is the latest trend in online travel planning, and a variety of corporate travel companies are setting up networking sites in hopes of becoming the Facebook of corporate travel.
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Mortgage Fears Depress Shares at Two Agencies
Posted: July 8th, 2008, 1:31am EDT by By CHARLES DUHIGG
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Shares in Freddie Mac and Fannie Mae fell sharply, reflecting a consensus among investors that the housing slump will be more severe than initially feared.
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BP Thwarts Ouster of Oil Venture’s Chief
Posted: July 8th, 2008, 1:30am EDT by By ANDREW E. KRAMER
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The Russian partners in BP’s joint venture tried to fire the chief executive at a board meeting on Monday, but they were outvoted by directors nominated from the British side.
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Large Solar Energy Array Set for G.M. in Spain
Posted: July 8th, 2008, 1:30am EDT by By MATTHEW L. WALD
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The solar electric system on the roof of a G.M. assembly plant in Spain will be the largest in the world, a thousand times larger than most projects.
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Stocks Mixed in a Volatile Wall Street Session
Posted: July 8th, 2008, 1:28am EDT by By THE ASSOCIATED PRESS
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Investors recoiled at a cautious economic outlook from a Federal Reserve official and the possibility of more financial troubles of Fannie Mae and Freddie Mac, but oil prices retreated.
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News Analysis: McCain Plan for Budget: Fiscal Hawks vs. Tax Foes
Posted: July 8th, 2008, 1:25am EDT by By MICHAEL COOPER
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Some of the underlying tensions between the two schools that guide John McCain’s economic thinking remain unresolved.
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IndyMac Bancorp Quits Making New Loans
Posted: July 8th, 2008, 1:12am EDT by By THE ASSOCIATED PRESS
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The company, which is struggling to raise capital to stay in business, is also planning to cut 3,800 jobs, or more than half of its work force.
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Energetic Rabbits, Melt-Proof Candies and Other Advertising Coups
Posted: July 8th, 2008, 12:53am EDT by By PATRICIA COHEN
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The new exhibition on advertising at the Science, Industry and Business Library wants to give a twist to the “Mad Men” series.
