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New York Times - Business
New York Times - Business
| Dec 05, 2008 |
In Trade Post Contender, Political Benefits for Obama
Representative Xavier Becerra, Democrat of California, would punch several political tickets at once as the president-elect’s chief trade negotiator.
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| Dec 05, 2008 |
Energy Sector Suffers as Oil Falls to the Lowest Level in 4 Years
Oil prices closed down $3 a barrel to $43.67 as the economy slowed and demand eased.
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| Dec 05, 2008 |
More Financial Jobs Are Cut in Europe
Investment banks across Europe announced job cuts, including 5,300 at Credit Suisse and 1,200 at Commerzbank.
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| Dec 05, 2008 |
Auto Executives Face a Hard Sell on Capitol Hill
The Detroit automakers confronted the harsh politics of a downturn and the realization that there might not be the votes to save them.
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| Dec 05, 2008 |
S.E.C. Charges a Venture Capitalist With Fraud
Federal authorities accused William Del Biaggio III of defrauding investors and using the money to buy his $25 million stake in the Nashville Predators hockey team.
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| Dec 05, 2008 |
Buyers Said to Weigh Purchasing a Piece of Bell Canada, Not All of It
The effort, led by the Ontario Teachers’ Pension Plan, comes after auditors said they could not certify the phone company as solvent.
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| Dec 05, 2008 |
Icahn Increases Stake in Yahoo
The financier now owns about 5.4 percent of the Internet search company, according to a regulatory filing on Thursday.
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| Dec 05, 2008 |
DuPont Cuts 2,500 Jobs and Warns of 4th-Quarter Loss
With steep drops in housing construction and auto sales, the company moves to trim $600 million in costs.
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| Dec 05, 2008 |
Starbucks Issues a Warning on Profit
The warning came hours after the company’s chief executive tried to assuage concerns about the recession’s effect on the coffee retailer’s sales and profits.
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| Dec 05, 2008 |
AT&T to Cut 12,000 Jobs as Landline Losses Grow
Already struggling with a decline in its wireline telephone service, AT&T; said that it would cut about 4 percent of its work force and spend less on equipment in 2009.
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| Dec 05, 2008 |
3 European Central Banks Cut Rates
The steep cuts are meant to lower borrowing costs as the global downturn worsens.
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| Dec 05, 2008 |
The Rocky Mountain News Is Put Up for Sale After Losing $11 Million in 9 Months
Like other newspapers, the Denver newspaper has been facing declining classified and advertising revenue and rising distribution costs.
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| Dec 05, 2008 |
Jobs Slashed at Viacom and NBC Universal
Viacom said it would cut nearly 7 percent of its work force, or 850 workers, while NBC Universal said it was laying off 500 employees.
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| Dec 05, 2008 |
Advertising: A Wink to Theatergoers, and Nods to Broadway
A humorous campaign for the coming “Shrek the Musical” spoofs Broadway musical theater, poking fun at songs and song titles from other musicals.
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| Dec 05, 2008 |
A.M.D. Expects 25% Slide in Sales
The chip maker warned that fourth-quarter revenue would be much weaker than expected because of sluggish demand.
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| Dec 05, 2008 |
Microsoft Names Ex-Yahoo Executive as Internet Unit Chief
Microsoft named Qi Lu to run its struggling Internet unit on Thursday, filling an important position that had been vacant since the departure of Kevin Johnson in July.
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| Dec 05, 2008 |
Breakingviews.com: Hedge Funds Need Makeover
The old hedge fund model has flaws to fix if they are to fight another day.
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| Dec 05, 2008 |
Liechtenstein to Share Some Secrets of Its Bank
Under increasing scrutiny for its role as a leading offshore tax haven, the country will now in limited circumstances turn over the bank records of American clients suspected of tax evasion.
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| Dec 05, 2008 |
The Energy Challenge: Energy Goals a Moving Target for States
States’ struggles to satisfy energy mandates offer lessons for the next administration.
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| Dec 05, 2008 |
Washington’s New Tack: Helping Homeowners
The Treasury Department is working on a plan to boost the housing market by subsidizing 30-year home mortgages with rates as low as 4.5 percent.
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