Items by BYREUTERS
NYT > Business
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Lowest Reading Since 1980 for Consumer Confidence
Posted: May 17th, 2008, 12:24am EDT by BYREUTERS
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This is bad news for the United States, where consumers fuel two-thirds of national economic activity through their purchases of goods and services.
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Toll Brothers Expects 30% Drop in Revenue
Posted: May 14th, 2008, 1:27am EDT by BYREUTERS
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Preliminary results show home-building revenue of $817.9 million for the second quarter for the luxury home builder amid a week spring selling season.
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Profit Dips at Whole Foods Market
Posted: May 14th, 2008, 1:21am EDT by BYREUTERS
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Whole Foods Market posted a lower quarterly profit, missing analysts’ estimates by a penny, as it booked charges related to its acquisition of Wild Oats Markets.
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Liz Claiborne Beats Wall St. Expectations
Posted: May 14th, 2008, 1:11am EDT by BYREUTERS
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Despite the strong results, Liz projected weakness in the second quarter because of a calendar shift, disappointing sales trends in its Mexx Europe business and discounting by American retailers.
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Moody’s President Will Step Down at End of July
Posted: May 7th, 2008, 9:25pm EDT by BYREUTERS
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Brian Clarkson will retire as president and chief operating officer of Moody’s Investors Service and leave the firm at the end of July, the company said.
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Posting Loss, Marsh Will Cut Staff
Posted: May 7th, 2008, 9:22pm EDT by BYREUTERS
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Marsh’s quarterly net loss was $210 million, or 40 cents a share, in contrast to a profit of $268 million, or 47 cents, a year earlier.
NYT > Sports
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Soccer Roundup: Arsenal Keeps Slim Hopes Alive in Premier League
Posted: April 19th, 2008, 2:54pm EDT by BYREUTERS
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Arsenal brushed aside Reading, 2-0, at Emirates Stadium in London on Saturday for only its second win in nine English Premier League games.
NYT > Business
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Foreclosures and Repossessions Up
Posted: April 16th, 2008, 1:31am EDT by BYREUTERS
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United States home foreclosure filings surged 57 percent in the 12-month period that ended in March, and bank repossessions soared 129 percent from a year ago. -
Bayou Founder Gets 20 Years for Bilking Investors
Posted: April 14th, 2008, 1:30pm EDT by BYREUTERS
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Samuel Israel III, the founder of the hedge fund Bayou Group, was sentenced for his role in a scheme that cheated investors out of more than $400 million. -
Northwest to Charge $25 for a Second Bag
Posted: March 28th, 2008, 2:30pm EDT by BYREUTERS
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The move by Northwest follows similar steps taken by other carriers to bolster revenue amid high fuel prices. -
Overseas Sales Help Tiffany Beat Forecast
Posted: March 25th, 2008, 12:56am EDT by BYREUTERS
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Tiffany’s higher-than-expected quarterly profit were also boosted by new stores. -
Profit Exceeds Forecast at Walgreen
Posted: March 25th, 2008, 12:55am EDT by BYREUTERS
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Walgreen’s profits were helped by cost-cutting and an extra day in the quarter because of the leap year. -
Countrywide Is Sued Again by U.S. Overseer
Posted: March 4th, 2008, 11:04pm EST by BYREUTERS
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The United States Trustee has filed a second lawsuit against the mortgage lender Countrywide Financial, accusing the company of abusing the bankruptcy process.