NYT > Business (28 unread)
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Regulators Seize Mortgage Lender
Posted: July 11th, 2008, 9:53pm EDT by By LOUISE STORY
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IndyMac Bancorp, one of the country’s largest mortgage lenders, was a star in the subprime era.
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F.C.C. Chief Backs Sanctions Against Comcast Over Blocking
Posted: July 11th, 2008, 9:48pm EDT by By SAUL HANSELL
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Kevin J. Martin’s recommendation is a strong statement in favor of network neutrality, the idea that Internet access providers should not be allowed to favor some uses of their networks over others.
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Weak Dollar Helps Shrink Trade Deficit
Posted: July 11th, 2008, 9:33pm EDT by By THE ASSOCIATED PRESS
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The United States trade deficit narrowed in May as exports, including industrial supplies and consumer goods, climbed to records.
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Talking Business: Apple’s Toy, and Other Thoughts
Posted: July 11th, 2008, 9:29pm EDT by By Joe Nocera
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Thoughts about the new iPhone, an eye-popping, all-electric roadster and the self-serving gripes and paranoia of the Bear Stearns brass.
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iPhone Users Plagued by Software Problems
Posted: July 11th, 2008, 9:25pm EDT by By JOHN MARKOFF
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Apple suffered network gridlock as the first buyers of the iPhone 3G tried to activate their purchases.
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Citigroup to Sell Unit in Germany
Posted: July 11th, 2008, 9:23pm EDT by By MARK LANDLER
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Citigroup’s sale of its German banking operations to Crédit Mutuel of France for 4.9 billion euros ($7.7 billion) in cash sets the stage for what could be a wave of mergers in German banking.
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InBev Raises Its Offer for Anheuser-Busch
Posted: July 11th, 2008, 9:23pm EDT by By MICHAEL J. de la MERCED
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The brewers are said to be in friendly talks as InBev has raised its offer to $70 a share from $65.
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G.E. Profit Declines 5.8%
Posted: July 11th, 2008, 9:23pm EDT by By NELSON D. SCHWARTZ
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The results were in line with Wall Street expectations, reassuring investors who feared a repeat of the earnings disappointment that sent General Electric shares tumbling in April.
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Woes at Loan Agencies and Oil-Price Spike Roil Markets
Posted: July 11th, 2008, 7:41pm EDT by By MICHAEL M. GRYNBAUM
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Worries about the prospects for Fannie Mae and Freddie Mac and a run-up in energy prices made for a rocky day on Wall Street.
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Shares of Lehman Brothers Take a Beating
Posted: July 11th, 2008, 5:52pm EDT by By JENNY ANDERSON
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Investors fretted over problems at home-loan giants Fannie Mae and Freddie Mac and absorbed regulators’ statements that they would not bail out all financial institutions.
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UAL Sees Second-Quarter Charges Near $2.7 Billion
Posted: July 11th, 2008, 3:48pm EDT by By REUTERS
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The parent of United Airlines cited record fuel prices and the company’s reduced market capitalization.
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Leaders of Actors’ Union Call Offer Unacceptable
Posted: July 11th, 2008, 1:52pm EDT by By BROOKS BARNES
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Leaders of the Screen Actors Guild declined a final offer for a new labor contract and an alliance of Hollywood production companies demanded a vote by the union’s members.
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Toyota Scales Back Production of Big Vehicles
Posted: July 11th, 2008, 1:34pm EDT by By BILL VLASIC and NICK BUNKLEY
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Toyota acknowledged that, like its rival automakers in Detroit, it misjudged the drastic swing in the American market away from larger vehicles.
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Practical Traveler | Frequent Flier Programs: The Miles Pile Up; Their Value Declines
Posted: July 11th, 2008, 1:08pm EDT by By MICHELLE HIGGINS
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When free airline tickets aren’t really free, hotel rooms may be a better bet.
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High Cost of Driving Ignites Online Classes Boom
Posted: July 11th, 2008, 11:02am EDT by By SAM DILLON
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As fuel prices rise, thousands of students nationwide have suddenly decided to take college classes over the Internet.
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Ashland to Acquire Hercules for $2.6 Billion
Posted: July 11th, 2008, 9:21am EDT by By REUTERS
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The acquisition would give Ashland, which makes that services the pulp and paper industry. chemicals and Valvoline motor oil, a major presence in the water treatment arena
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Loan-Agency Woes Swell From a Trickle to a Torrent
Posted: July 11th, 2008, 8:45am EDT by By CHARLES DUHIGG
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The rapid erosion of investors’ confidence has become a crisis for Fannie Mae and Freddie Mac, the two main backers of mortgage financing.
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Longer Walk for Lattes? Starbucks Plan Resonates
Posted: July 11th, 2008, 4:50am EDT by By JENNIFER 8. LEE
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Perhaps New York, much in the way its housing market has largely been able to withstand the downdrafts of national real estate trends, also has its own Starbucks economics.
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Gerald Tsai, Innovative Investor, Dies at 79
Posted: July 11th, 2008, 3:37am EDT by By BRIAN STELTER
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Mr. Tsai pioneered the creation of performance funds in the 1950s and ’60s and later turned a canning company into the financial services giant Primerica.
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Government Rule Makers Looking at Pensions
Posted: July 11th, 2008, 2:49am EDT by By MARY WILLIAMS WALSH
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Accounting rule makers started an ambitious project to force state and local governments to reveal the true cost of their pension promises.
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Amid Political Uncertainty, Total Cancels Investments in Iran
Posted: July 11th, 2008, 2:44am EDT by By DAVID JOLLY
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Total, the French oil giant, has decided to back away from planned investments in Iran because of political uncertainty, a company official said.
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Rethinking Money Market Funds
Posted: July 11th, 2008, 2:08am EDT by By ERIC DASH
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Lately money market funds have become dangerous — not for investors, but for the financial companies that run them.
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Some Retailers Post Solid Gains
Posted: July 11th, 2008, 2:00am EDT by By STEPHANIE ROSENBLOOM
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Retailers said that sales at stores open at least a year rose higher than expected in June thanks to aggressive summer promotions, government stimulus checks and warm weather.
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Advertising: Olympic Sponsors to Benefit Under a Tougher Stance in China
Posted: July 11th, 2008, 1:54am EDT by By STEPHANIE CLIFFORD
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The Chinese government will begin restricting advertising space in Beijing, giving preference to the official sponsors of the Olympic Games.
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Stocks & Bonds: In Erratic Session, Giant Chemical Deal Lifts Shares
Posted: July 11th, 2008, 1:11am EDT by By THE ASSOCIATED PRESS
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Wall Street stumbled but ended with a respectable gain on Thursday after a multibillion-dollar deal in the chemicals sector helped offset concerns about the financial sector and energy costs.
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G.E. May Spin Off Its Consumer and Industrial Unit
Posted: July 11th, 2008, 12:55am EDT by By MICHAEL J. de la MERCED
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As it seeks to bolster its flagging share price, General Electric may be willing to dispense with the business from which it sprang: the light bulb.
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Britain Leaves Interest Rate at 5%
Posted: July 11th, 2008, 12:55am EDT by By DAVID JOLLY
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Seeking to maneuver between accelerating inflation and a slowing economy, the Bank of England left its main interest rate target at 5 percent on Thursday.
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For Short Sellers, It Doesn’t Get Much Better
Posted: July 11th, 2008, 12:53am EDT by By LANDON THOMAS Jr.
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As shareholders of Fannie Mae and Freddie Mac watched their investments plunge in value, short sellers, who bet against stocks, could count their winnings.
