NYT > Business (26 unread)
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DealBook: Goldman Gives Blankfein $7 Million Stock Award
Posted: February 3rd, 2012, 11:41pm EST by By BEN PROTESS and SUSANNE CRAIG
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With a $2 million base salary, the 2011 pay package for Lloyd Blankfein, the chief executive of Goldman Sachs, so far totals $9 million. Goldman has not yet disclosed the size of his cash bonus.
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The Week’s Business News in Pictures
Posted: February 3rd, 2012, 10:01pm EST
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Facebook filed to go public, minting new millionaires while cementing Mark Zuckerberg’s leadership role; the housing market continued to fall, but the employment picture is brighter; and advertisers prepared for the Super Bowl, many by releasing their big, splashy commercials in advance on the Web.
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Gianpiero Moretti, Modernizer of Racecar Steering Wheels, Dies at 71
Posted: February 3rd, 2012, 9:00pm EST by By DENNIS HEVESI
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Mr. Moretti started his automotive accessories company Momo in 1966, and it expanded to make an array of racing products.
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Gadgetwise Blog: App Smart Extra: Super Bowl Apps
Posted: February 3rd, 2012, 6:12pm EST by By BOB TEDESCHI
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Most football fans will be forced to spend at least part of the weekend away from televised Super Bowl coverage. For those not willing to endure that sort of pain, the N.F.L. this week released three apps to help.
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DealBook: Carlyle Drops Arbitration Clause From I.P.O. Plans
Posted: February 3rd, 2012, 3:05pm EST by By KEVIN ROOSE
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The clause would have prohibited the company's shareholders from filing class-action lawsuits, forcing them into a confidential arbitration process instead.
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Your Money: Want Better Car Insurance Rates? You’ve Got to Make the Call - Your Money
Posted: February 3rd, 2012, 2:55pm EST by By TARA SIEGEL BERNARD
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A retiree qualified for lower car insurance premiums, but found that out only after a chance piece of mail prodded him to call his insurer.
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F.B.I. Admits Hacker Group’s Eavesdropping
Posted: February 3rd, 2012, 1:50pm EST by By SCOTT SHANE
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The group known as Anonymous listened in on a call between the bureau, Scotland Yard and other foreign police agencies about their joint investigation of the group and its allies.
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Wealth Matters: Advantages and Risks of Gingrich’s S Corporation
Posted: February 3rd, 2012, 1:34pm EST by By PAUL SULLIVAN
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Newt Gingrich set up his speaking and consulting business as an S corporation, which exempted this portion of his income from Medicare taxes, an unusual move for a business based on services.
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U.S. Economy Added 243,000 Jobs in January; Unemployment Rate Is 8.3%
Posted: February 3rd, 2012, 1:19pm EST by By MOTOKO RICH
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The front wheels have lifted off the runway. Now, Americans are waiting to see if the economy can truly get aloft.
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Off the Charts: A Long-Term Slide in Growth for Industrialized Economies
Posted: February 3rd, 2012, 1:05pm EST by By FLOYD NORRIS
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The major developed countries are all experiencing slowdowns in growth, a trend the International Monetary Fund’s new projections indicate will continue.
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New York Suing 3 Banks Over Mortgage Database
Posted: February 3rd, 2012, 12:53pm EST by By REUTERS
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The state attorney general asserted that fraudulent use of the tracking system allowed Bank of America, Wells Fargo and JPMorgan Chase to avoid the need for recording mortgage transfers.
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Looking Forward, Fiji Turns to Its Canoeing Past
Posted: February 3rd, 2012, 12:39pm EST by By GINANNE BROWNELL
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The traditional canoe is at the center of several projects aimed at reducing Fiji’s energy consumption, providing cheaper transport, keeping local traditions alive and giving a boost to tourism.
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Economix Blog: Uwe E. Reinhardt: Health-Care Payers Push Back Against Costs
Posted: February 3rd, 2012, 11:50am EST by By UWE E. REINHARDT
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The opacity surrounding prices and the practice of charging different buyers different prices for identical goods or services contribute mightily to the cost of health care, but at the least the former may be on the way out, an economist writes.
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Common Sense: At 102%, His Tax Rate Takes the Cake
Posted: February 3rd, 2012, 11:39am EST by By JAMES B. STEWART
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In submissions of tax burdens from readers, James Ross, founder and managing member of the investment firm Rossrock, was on a perch all his own.
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Sallie Mae to Change Forbearance Fee Policy
Posted: February 3rd, 2012, 11:27am EST by By TAMAR LEWIN
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A petition on Change.org helped bring about the lender’s new rule on forbearance fees.
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BUSINESS: Business Day Live | February 3, 2012
Posted: February 3rd, 2012, 11:27am EST
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Glenn Hutchins of Silverlake discusses January’s positive employment data and the prospects for long-term job growth. ‘Common Sense’ columnist James B. Stuart on a man with higher taxes than income.
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Bits Blog: Amazon Has Tried Everything to Make Shopping Easier. Except This.
Posted: February 3rd, 2012, 10:46am EST by By DAVID STREITFELD
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Amazon wants to eliminate the distance between its customers and its products. One way to do this would be to open up its own stores.
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Economix Blog: Wow. But Is the Number Real?
Posted: February 3rd, 2012, 10:22am EST by By FLOYD NORRIS
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This is a recovery led by the private sector. And while seasonal adjustments may have made January look better than it really was, job growth appears strong.
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E.U. Backs Delay in Google's Privacy Policy
Posted: February 3rd, 2012, 9:08am EST by By JAMES KANTER
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The European Union justice commissioner supported a request by E.U. governments that Google delay changes in its privacy policy while consumer implications are investigated.
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Hungarian National Airline Halts Flights
Posted: February 3rd, 2012, 4:43am EST by By DAVID JOLLY
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The money-losing airline was placed under control of a bankruptcy trustee, prompting creditors to begin seizing its planes outside the country.
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Mark Zuckerberg Remains the Undisputed Boss at Facebook
Posted: February 3rd, 2012, 4:07am EST by By SOMINI SENGUPTA
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Mark Zuckerberg’s success is a lesson in what works in Silicon Valley: Stay in charge, stave off potential predators and expand the company so quickly that no one can challenge the boss.
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S.E.C. Is Avoiding Tough Sanctions for Large Banks
Posted: February 3rd, 2012, 3:10am EST by By EDWARD WYATT
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Even as the Securities and Exchange Commission has stepped up its investigations of Wall Street, the agency has repeatedly allowed the biggest firms to avoid punishments.
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Advertising: Some Super Bowl Ads Being Seen Long Before the Game - Advertising
Posted: February 3rd, 2012, 2:54am EST by By STUART ELLIOTT
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Advertisers placed many Super Bowl spots on YouTube or social media well ahead of the game, hoping to start a conversation and generate follow-up interest.
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New Treasury Rules Ease Purchase of Annuity With 401(k)
Posted: February 3rd, 2012, 1:40am EST by By MARY WILLIAMS WALSH
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New regulations are intended to make it easier for retirees to transfer money from their 401(k)s into an annuity that would guarantee payments until they die.
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Wegelin, a Swiss Bank, Is Indicted Over Tax Evasion
Posted: February 3rd, 2012, 1:40am EST by By BLOOMBERG NEWS
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The indictment follows charges against three Wegelin bankers accused of conspiring to help American clients hide more than $1.2 billion in assets.
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It’s the Economy: It Is Safe to Resume Ignoring the Prophets of Doom ... Right?
Posted: February 3rd, 2012, 1:14am EST by By ADAM DAVIDSON
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Why lots of the smartest economists believe the worst is yet to come.