For Wall Street Workers, Ax Falls Quietly
Fri, 16 May 2008 05:55:46 GMT
Some people who have lost jobs, and many more struggling to hold them, say banks are keeping employees in the dark about the size and timing of layoffs.
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Solar Valley Rises in an Overcast Land
Fri, 16 May 2008 06:08:56 GMT
Thanks to its aggressive push into renewable energies, cloud-wreathed Germany has become an unlikely leader in the race to harness the sun’s energy.
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Yahoo’s Chairman Disputes Icahn’s Accusations
Fri, 16 May 2008 05:57:26 GMT
Yahoo’s chairman rejected accusations from the billionaire investor Carl C. Icahn that the company’s board had acted irrationally in rejecting a $47.5 billion takeover offer from Microsoft.
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Microsoft Joins Effort for Laptops for Children
Fri, 16 May 2008 06:22:09 GMT
After years of conflict, Microsoft and the computing and education project One Laptop Per Child, have reached an agreement that will put Windows on the organization’s computers.
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Investigator to the Stars Is Convicted in Wiretaps
Fri, 16 May 2008 06:15:53 GMT
Anthony Pellicano was a ripped-from-a-pulp-novel private eye who made himself an indispensable Hollywood fixer.
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Advertising: Yahoo and WPP in Partnership
Fri, 16 May 2008 05:40:24 GMT
The deal between Yahoo and WPP Group, the advertising holding company, will give WPP’s clients a broader swath of Web sites where they can aim their messages.
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Industrial Output Fell Sharply in April, Led by Auto Production Cuts
Fri, 16 May 2008 05:48:28 GMT
The Federal Reserve reported on Thursday that industrial production dropped 0.7 percent last month, more than double the decline that economists had expected.
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French Bank to Sell Assets to Offset Subprime Losses
Fri, 16 May 2008 06:06:28 GMT
Crédit Agricole named a new head for its investment banking unit and said it planned to sell 5 billion euros, or $7.75 billion, of assets to help pare losses linked to the subprime market downturn.
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CBS in Deal to Buy CNet to Increase Online Ads
Fri, 16 May 2008 05:50:20 GMT
At $1.8 billion, Thursday’s deal for CNet by CBS is the biggest by far in its recent Internet expansion, making the network bigger players in online media.
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Farm Bill, Facing Veto, Goes to Bush
Fri, 16 May 2008 05:10:01 GMT
The president has promised to veto the bill because he says it would not do enough to limit subsidies at a time of record grain prices.
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Judge Sides With Red Cross Over Trademark
Fri, 16 May 2008 06:06:17 GMT
Johnson & Johnson lost the second round in its trademark dispute against the disaster relief agency when a federal judge in Manhattan threw out most of the case.
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Bernanke Says Banks Need More Capital
Fri, 16 May 2008 05:59:53 GMT
Ben S. Bernanke, the Federal Reserve chairman, urged banks to keep raising capital in the aftermath of losses from the credit crisis to avert deeper damage to the economy.
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Market Place: A Values Debate (Not the Political Kind)
Fri, 16 May 2008 05:41:20 GMT
Wall Street is struggling to answer what might seem like a simple question: How much are some investments really worth?
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Fox Plans to Run Fewer Ads in 2 New Prime-Time Dramas
Fri, 16 May 2008 05:49:15 GMT
The president of Fox Entertainment announced a plan that would allow two of its new dramas, “Fringe” and “Dollhouse,” to run as many as 50 minutes of story each episode.
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Sanofi-Aventis Wants F.D.A. to Reconsider Heart Drug
Fri, 16 May 2008 06:10:57 GMT
The company said it would resubmit its application for Multaq based on results from a study showing that the drug reduced both hospitalization and death in patients with atrial fibrillation.
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Big Retailers Trim Costs, and Their Profits Rise
Fri, 16 May 2008 05:33:25 GMT
J. C. Penney, Kohl’s and Nordstrom reported first-quarter profit on Thursday that fell less than analysts estimated by reducing costs as the economy teetered near a recession.
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Buffett Increases Stakes in Kraft Foods and Wells Fargo
Fri, 16 May 2008 05:31:08 GMT
Berkshire Hathaway, the investment company controlled by Warren E. Buffett, took advantage of prices driven down by the credit crisis and the slowing American economy.
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Deal for Auto Workers
Fri, 16 May 2008 05:42:49 GMT
The Canadian Auto Workers union reached tentative agreements with General Motors of Canada and Chrysler Canada, four months before current contracts expire.
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U.S. Declines to Say China Manipulates Its Currency
Fri, 16 May 2008 05:43:25 GMT
The Bush administration on Thursday declined to label China a manipulator of currency to gain unfair trade advantages.
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Competitor Files a Lawsuit Claiming Speedo Is Attempting a Monopoly
Fri, 16 May 2008 05:59:22 GMT
TYR Sport Inc. describes a climate in which elite athletes have been led to believe they cannot excel on the world stage unless they wear Speedo’s newest high-tech suit.
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Led by Germany, a Strong Quarter for Europe
Fri, 16 May 2008 06:07:19 GMT
The German economy grew 1.5 percent in the first quarter of this year, delivering its best performance in over a decade. The euro zone grew 0.7 percent during the period.
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Editor From Herald Tribune to Run A.P. News in the U.S.
Fri, 16 May 2008 05:38:12 GMT
Michael Oreskes, the executive editor of The International Herald Tribune, is taking a newly created position as managing editor for United States news at The Associated Press.
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Blackstone Reports a $66.5 Million Quarterly Loss
Fri, 16 May 2008 05:40:53 GMT
The Blackstone Group posted a $66.5 million quarterly loss on Thursday, and its executives warned that the turmoil in the financial markets may not be over.
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Cost-Cutting Helps Blockbuster Post a Profit
Fri, 16 May 2008 06:10:21 GMT
The movie rental chain Blockbuster posted a higher-than-expected quarterly profit, bolstered by cost-cutting measures.
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Warren Cowan, a Star at Promoting Stars, Dies at 87
Fri, 16 May 2008 05:47:39 GMT
Mr. Cowan represented generations of celebrities, from Doris Day to Bette Midler, Frank Sinatra to Elton John, Ronald Reagan to Arnold Schwarzenegger.
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Stocks & Bonds: Oil Price Dip Helps Shares Post a Gain
Fri, 16 May 2008 06:09:52 GMT
The stock market notched a second consecutive daily advance Thursday as oil prices fell slightly and some economic data came in better than expected.
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High & Low Finance: Color-Blind Merrill in a Sea of Red Flags
Fri, 16 May 2008 06:07:49 GMT
So-called piggyback loans have been highly vulnerable to homeowners who walk away when property values fall.
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