NYT > Business (52 unread)
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Heads Up | Hotel Upgrades: You’re Giving Me That Room? No Way
Posted: August 28th, 2008, 2:01pm EDT by By GERALDINE FABRIKANT
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Asking to be moved is easy for some, hard for others. Find out how to increase your odds of getting a better room. (Tips help.)
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Oil Prices Fall as Storm Heads Toward Gulf
Posted: August 28th, 2008, 1:33pm EDT by By CLIFFORD KRAUSS
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Oil producers and refiners began halting production and evacuating workers from facilities in the Gulf of Mexico, anticipating that Tropical Storm Gustav could pick up speed.
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Oil Prices Fall as Storm Heads Toward Gulf
Posted: August 28th, 2008, 1:33pm EDT by By CLIFFORD KRAUSS
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Oil producers and refiners began halting production and evacuating workers from facilities in the Gulf of Mexico, anticipating that Tropical Storm Gustav could pick up speed.
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Chinese Officials Accused of Embezzlement
Posted: August 28th, 2008, 1:27pm EDT by By DAVID BARBOZA
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A report from China’s top auditor says that ten central government departments “misused or embezzled” more than $660 million last year.
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Chinese Officials Accused of Embezzlement
Posted: August 28th, 2008, 1:27pm EDT by By DAVID BARBOZA
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A report from China’s top auditor says that ten central government departments “misused or embezzled” more than $660 million last year.
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Court Upholds Dismissal of Tax Case Against 13
Posted: August 28th, 2008, 1:19pm EDT by By THE ASSOCIATED PRESS
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The appeals court said the federal government interfered with KPMG’s practice of providing legal assistance to its employees by pressuring KPMG to limit or end the practice.
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Struggling Lehman Plans to Lay Off 1,500
Posted: August 28th, 2008, 12:59pm EDT by By JENNY ANDERSON and ERIC DASH
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The ailing Wall Street bank plans to lay off as many as 1,500 employees, or nearly 6 percent of its work force, before it announces third-quarter results on Sept. 15.
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State of the Art: New Nikon Holds a Secret
Posted: August 28th, 2008, 12:29pm EDT by By DAVID POGUE
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The Nikon D90 camera, arriving in stores next month, has the features and performance of a single-lens reflex, and can record high-definition video.
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State of the Art: New Nikon Holds a Secret
Posted: August 28th, 2008, 12:29pm EDT by By DAVID POGUE
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The Nikon D90 camera, arriving in stores next month, has the features and performance of a single-lens reflex, and can record high-definition video.
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China and Iraq Reach $3 Billion Oil Deal
Posted: August 28th, 2008, 10:20am EDT by By THE ASSOCIATED PRESS
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China and Iraq have signed a $3 billion deal revising a deal for China’s biggest oil company to help develop an oil field, according to the Iraqi Embassy in Beijing.
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China and Iraq Reach $3 Billion Oil Deal
Posted: August 28th, 2008, 10:20am EDT by By THE ASSOCIATED PRESS
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China and Iraq have signed a $3 billion deal revising a deal for China’s biggest oil company to help develop an oil field, according to the Iraqi Embassy in Beijing.
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2nd-Quarter G.D.P. Revised Higher
Posted: August 28th, 2008, 10:09am EDT by By MICHAEL M. GRYNBAUM
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Gross domestic product increased at a 3.3 percent annual rate in the quarter, the government said, which was much better than its initial estimate.
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Sears Struggles Continue; Profit Falls 62%
Posted: August 28th, 2008, 9:38am EDT by By THE ASSOCIATED PRESS
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The retailer also delivered a downbeat outlook, predicting that its sales and gross profit margins will continue to be pressured amid a difficult economic environment.
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Quarterly Profit Up 18% at National Bank of Canada
Posted: August 28th, 2008, 9:35am EDT by By REUTERS
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The bank cited better results in its financial markets and retail banking units, as well as a gain on the merger of Canada’s derivatives and stock-exchange operators.
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Quarterly Profit Up 18% at National Bank of Canada
Posted: August 28th, 2008, 9:35am EDT by By REUTERS
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The bank cited better results in its financial markets and retail banking units, as well as a gain on the merger of Canada’s derivatives and stock-exchange operators.
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Profit Down 10% at Toronto-Dominion Bank
Posted: August 28th, 2008, 9:29am EDT by By REUTERS
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The bank said third-quarter net income dropped as a difficult capital markets environment reduced profit in its wholesale business, but it raised its dividend.
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Profit Down 10% at Toronto-Dominion Bank
Posted: August 28th, 2008, 9:29am EDT by By REUTERS
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The bank said third-quarter net income dropped as a difficult capital markets environment reduced profit in its wholesale business, but it raised its dividend.
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Ahold Quarterly Profit Down Sharply
Posted: August 28th, 2008, 9:25am EDT by By THE ASSOCIATED PRESS
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The Dutch grocery chain owner reported a sharp fall in second quarter earnings after selling operations in the same period a year ago.
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Williams-Sonoma Posts Lower Profit and Cuts Forecast
Posted: August 28th, 2008, 9:20am EDT by By REUTERS
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The retailer reported a 29 percent drop in second-quarter profit and cut its third-quarter and full-year forecasts as the weak U.S. economy and slumping housing market hit sales.
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Williams-Sonoma Posts Lower Profit and Cuts Forecast
Posted: August 28th, 2008, 9:20am EDT by By REUTERS
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The retailer reported a 29 percent drop in second-quarter profit and cut its third-quarter and full-year forecasts as the weak U.S. economy and slumping housing market hit sales.
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Tiffany Doubles Profit on Strong Sales Overseas
Posted: August 28th, 2008, 9:00am EDT by By THE ASSOCIATED PRESS
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The luxury goods retailer reported better-than-expected third-quarter earnings but warned that its 2008 results will miss Wall Street’s forecast.
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Tiffany Doubles Profit on Strong Sales Overseas
Posted: August 28th, 2008, 9:00am EDT by By THE ASSOCIATED PRESS
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The jewelry retailer said second-quarter profit jumped to $80.8 million, beating Wall Street expectations, as sales rose by double-digit percentages in Asia and Europe.
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Toyota Cuts Sales Goal, Citing Gas Prices and Slowdown
Posted: August 28th, 2008, 8:07am EDT by By THE ASSOCIATED PRESS
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Citing high fuel costs and a slowdown, the automaker said it now expects to sell fewer vehicles than its early forecast.
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Amgen to Stop Offering Discounts on Anemia Drug
Posted: August 28th, 2008, 7:34am EDT by By ANDREW POLLACK
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The company is halting some pricing practices that critics say were contributing to overuse of its flagship anemia drug Aranesp at a time of mounting concerns about the product’s safety.
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U.S. Moves Toward International Accounting Rules
Posted: August 28th, 2008, 4:07am EDT by By FLOYD NORRIS
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The S.E.C. moved to require all American companies to use international accounting standards by 2016.
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Target Settles Web Suit
Posted: August 28th, 2008, 3:41am EDT by By THE ASSOCIATED PRESS
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Target has agreed to pay $6 million in damages to plaintiffs in California unable to use its online site as part of a class-action settlement with the National Federation of the Blind.
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Target Settles Web Suit
Posted: August 28th, 2008, 3:41am EDT by By THE ASSOCIATED PRESS
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Target has agreed to pay $6 million in damages to plaintiffs in California unable to use its online site as part of a class-action settlement with the National Federation of the Blind.
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Stocks & Bonds: Report Signaling Consumer Confidence Lifts Markets
Posted: August 28th, 2008, 3:39am EDT by By THE ASSOCIATED PRESS
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Wall Street posted a big advance after a larger-than-expected increase in orders for durable goods, indicating that the economy is stronger than many investors thought.
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Stocks & Bonds: Report Signaling Consumer Confidence Lifts Markets
Posted: August 28th, 2008, 3:39am EDT by By THE ASSOCIATED PRESS
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Wall Street posted a big advance after a larger-than-expected increase in orders for durable goods, indicating that the economy is stronger than many investors thought.
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Clothing Retailers Post Better Results Than Expected
Posted: August 28th, 2008, 3:32am EDT by By REUTERS
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The Apparel retailers Chico’s FAS and American Eagle Outfitters posted better-than-expected profits despite taking deep markdowns to lure shoppers of all ages, sending their shares higher.
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Clothing Retailers Post Better Results Than Expected
Posted: August 28th, 2008, 3:32am EDT by By REUTERS
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The Apparel retailers Chico’s FAS and American Eagle Outfitters posted better-than-expected profits despite taking deep markdowns to lure shoppers of all ages, sending their shares higher.
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3 Executives Are Leaving Fannie Mae
Posted: August 28th, 2008, 2:04am EDT by By REUTERS
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Fannie Mae said three of its top executives were leaving as the company tries to cope with mounting losses from the troubles in the housing market.
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3 Executives Are Leaving Fannie Mae
Posted: August 28th, 2008, 2:04am EDT by By REUTERS
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Fannie Mae said three of its top executives were leaving as the company tries to cope with mounting losses from the troubles in the housing market.
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Ricoh Buys Office Equipment Distributor in U.S.
Posted: August 28th, 2008, 2:03am EDT by By REUTERS
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The Japanese copier and printer maker said that it would acquire Ikon Office Solutions for about $1.62 billion to help it expand overseas.
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Ricoh Buys Office Equipment Distributor in U.S.
Posted: August 28th, 2008, 2:03am EDT by By REUTERS
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The Japanese copier and printer maker said that it would acquire Ikon Office Solutions for about $1.62 billion to help it expand overseas.
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Practically Speaking: For American Restaurateurs, It’s Hard to Get a Break
Posted: August 28th, 2008, 1:51am EDT by By MICKEY MEECE
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As European proprietors are preparing to reopen after extended holidays, American restaurant owners are just trying to catch a second wind following a taxing summer.
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Practically Speaking: For American Restaurateurs, It’s Hard to Get a Break
Posted: August 28th, 2008, 1:51am EDT by By MICKEY MEECE
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As European proprietors are preparing to reopen after extended holidays, American restaurant owners are just trying to catch a second wind following a taxing summer.
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Advertising: Major League Baseball Is Blogging Its Way Through the Playoffs
Posted: August 28th, 2008, 1:48am EDT by By TIM ARANGO
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Baseball’s playoff advertising push gets under way Thursday, when the first spots of the league’s largest ever campaign are broadcast.
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Advertising: Major League Baseball Is Blogging Its Way Through the Playoffs
Posted: August 28th, 2008, 1:48am EDT by By TIM ARANGO
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Baseball’s playoff advertising push gets under way Thursday, when the first spots of the league’s largest ever campaign are broadcast.
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Chrysler Explores Sale of Dodge Viper Unit
Posted: August 28th, 2008, 1:41am EDT by By REUTERS
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The automaker said it was considering options for the sports car unit as it tries to raise cash to ride out a deepening industry downturn in the United States.
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Chrysler Explores Sale of Dodge Viper Unit
Posted: August 28th, 2008, 1:41am EDT by By REUTERS
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The automaker said it was considering options for the sports car unit as it tries to raise cash to ride out a deepening industry downturn in the United States.
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Orders for Manufactured Goods Beat Forecasts
Posted: August 28th, 2008, 1:40am EDT by By CATHERINE RAMPELL
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Durable goods orders rose a surprising 1.3 percent, and a gauge of business investment also rose unexpectedly.
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Orders for Manufactured Goods Beat Forecasts
Posted: August 28th, 2008, 1:40am EDT by By CATHERINE RAMPELL
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Durable goods orders rose a surprising 1.3 percent, and a gauge of business investment also rose unexpectedly.
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Olavo Setubal, a Brazilian Bank Chief, Dies at 85
Posted: August 28th, 2008, 1:10am EDT by By THE ASSOCIATED PRESS
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Mr. Setubal was a former foreign minister who also helped build one of Brazil’s largest banks, Banco Itaú.
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Olavo Setubal, a Brazilian Bank Chief, Dies at 85
Posted: August 28th, 2008, 1:10am EDT by By THE ASSOCIATED PRESS
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Mr. Setubal was a former foreign minister who also helped build one of Brazil’s largest banks, Banco Itaú.
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Research Company Loses One Suitor and Rejects Another
Posted: August 28th, 2008, 1:02am EDT by By DAVID JOLLY
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The British market research company Taylor Nelson Sofres rejected again a hostile bid from the WPP Group, but analysts said the company would have difficulty evading WPP.
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Research Company Loses One Suitor and Rejects Another
Posted: August 28th, 2008, 1:02am EDT by By DAVID JOLLY
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The British market research company Taylor Nelson Sofres rejected again a hostile bid from the WPP Group, but analysts said the company would have difficulty evading WPP.
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As Food Prices Soar, Brazil and Argentina React in Opposite Ways
Posted: August 28th, 2008, 1:00am EDT by By ANDREW DOWNIE
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In Brazil, the government is encouraging farmers to produce more for export while prices are high. But Argentina is focused on encouraging farmers to sell more at home.
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Industry Rethinks Moneymaking Software Practice
Posted: August 28th, 2008, 1:00am EDT by By MATT RICHTEL
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Before they ship PCs to retailers like Best Buy, computer makers get paid hundreds of millions of dollars to load them up with lots of free software. For $30, Best Buy will get rid of it for you.
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U.S. to Ease Pressure Tactic Over Legal Help for Employees
Posted: August 28th, 2008, 12:58am EDT by By ERIC LICHTBLAU
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The Justice Department will roll back a set of rules that penalized companies if they insisted on paying employees’ legal fees or protecting their confidential communications with corporate lawyers.
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Xcel to Disclose Global Warming Risks
Posted: August 28th, 2008, 12:53am EDT by By NICHOLAS CONFESSORE
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The New York attorney general announced an agreement that would require Xcel Energy, a builder of coal-fired plants, to disclose to investors the financial risks of global warming.
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MBIA to Aid Troubled Bond Insurer
Posted: August 28th, 2008, 12:51am EDT by By THE ASSOCIATED PRESS
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MBIA agreed to take control of nearly $200 billion of municipal bonds currently backed by a rival bond insurer, in a move that could help its competitor avoid bankruptcy.
