NYT > Business (7 unread)
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Sustained Weakness in Jobs Market, Despite Fewer Claims for Benefits
Posted: July 10th, 2008, 11:39pm EDT by By THE ASSOCIATED PRESS
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Fewer people signed up for unemployment benefits last week, but the drop was not enough to overcome continuing weakness in the country’s labor market.
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Guilty Plea in Case of Illegal Shelters
Posted: July 10th, 2008, 11:39pm EDT by By BLOOMBERG NEWS
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The former owner of the American Financial Capital Corporation, a business that raised money for hedge funds, pleaded guilty to a tax shelter conspiracy and agreed to cooperate in a federal investigation.
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In Deepening Ad Decline, Sales Fall 8% at Magazines
Posted: July 10th, 2008, 11:38pm EDT by By RICHARD PÉREZ-PEÑA
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Magazine ad sales fell more than 8 percent in the second quarter, with the steepest drops in ads for vehicles and for computers and related equipment.
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Chevron Reports Oil Output Slips
Posted: July 10th, 2008, 11:34pm EDT by By BLOOMBERG NEWS
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The Chevron Corporation said that second-quarter oil output fell to the lowest level since 2005 as record energy prices reduced the company’s share of output in countries like Nigeria and Indonesia.
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Housing-Rescue Bill Advances in Senate
Posted: July 10th, 2008, 11:20pm EDT by By DAVID STOUT and DAVID M. HERSZENHORN
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The White House has threatened a veto of the bill, and differences between the Senate and House must still be worked out.
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G.M. Chief Dismisses Crisis Talk as Inaccurate
Posted: July 10th, 2008, 11:17pm EDT by By BILL VLASIC
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The chief executive of General Motors did his best to strike down rumors that the automaker might seek bankruptcy protection soon.
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Marriott Says Profit Fell 24 Percent
Posted: July 10th, 2008, 10:59pm EDT by By THE ASSOCIATED PRESS
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The hotel operator Marriott International said that second-quarter earnings dropped 24 percent as the deteriorating economy dragged down demand.
