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Showing posts with the label NYT : Afternoon Business Update

NYT: AFternoon Business News:Fund Manager Does not Hedge His Bets on Tories. Oct.14th., 2010

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BUSINESS: Bank Shares Push Wall Street Indexes Lower By CHRISTINE HAUSER Banking stocks fell day after state officials started a joint investigation into foreclosure practices of major lenders. Chase Broadens Foreclosure Reviews Banks Ignored Signs of Trouble Fund Manager Doesn't Hedge His Bets on Tories By LANDON THOMAS Jr. As the right-leaning British government prepares to impose some of the deepest spending cuts in a generation, it is doing so with the full throated support of London's financial elite. Wal-Mart to Buy More Local Produce By STEPHANIE CLIFFORD With the focus on sustainable agriculture, the retail giant is trying to improve efficiency among suppliers. U.S. Trade Deficit Widens; Producer Prices Rise By CHRISTINE HAUSER The trade deficit in August increased 8.8 percent to $46.3 billion, while the producer price index rose 0.4 percent in September. Dollar Softens; Wall Street Hesitates 11:13 AM ET Europe Walks a Fine Line on Regulation

NYT : Afternoon Business Update: Canceling Dubai Deals Is Nearly Impossible. Oct 6th., 2010

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BUSINESS Canceling Dubai Property Deals Is Nearly Impossible By LIZ ALDERMAN Scores of buildings around Dubai are well past their delivery date, or have yet to be started. For investors, there is little hope of getting their money back. F.T.C. Proposes Tighter Rules for Green Claims By TANZINA VEGA The commission's revised guidelines warn against using labels that make claims that cannot be substantiated. Geithner Calls for Global Cooperation on Currency By SEWELL CHAN The administration is looking to the I.M.F. to help bring about greater flexibility by China on exchange rates. Monsanto Income Drops by Nearly Half By ANDREW POLLACK Executives, seeking to reassure investors, predicted earnings per share would grow 13 to 17 percent in the next fiscal year. U.S. Indexes Find Little Reason to Rally By CHRISTINE HAUSER and DAVID JOLLY Wall Street wavered after the payroll company ADP reported that private employers shed 39,000 jobs in September, the first loss in sever

NYT : Afternoon Business News: Critics Say India's Spy Plan Deters Businesses. Sept. 27th., 2010

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BUSINESS: Critics Say India's Spy Plan Deters Businesses By VIKAS BAJAJ and IAN AUSTEN India's effort to gain access to services like BlackBerry and Skype may hurt its goal of attracting foreign companies. Manufacturers Reluctant to Reveal Codes to Indian Government Wal-Mart Plans to Enter African Market By STEPHANIE CLIFFORD The discount retail giant has offered $4.25 billion for Massmart in a deal would give it an opening to expand in Africa. Claims by Pom Juice Called Deceptive By THE ASSOCIATED PRESS The Federal Trade Commission said it found no science to support claims that the products treat or prevent diseases. Itineraries Cornered: Therapists on Airplanes By LIZ GALST Should they give advice? Should they lie about what they do? There's no way for them to say, "Our time's up." Unilever to Buy U.S. Beauty Products Company By CHRIS V. NICHOLSON Unilever, the Anglo-Dutch consumer goods company, said Monday that it had agreed to buy A

NYT : Afternoon Business News: F.D.A. Panel Rejects Diet Pill

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BUSINESS Prescriptions Blog   F.D.A. Panel Rejects Diet Pill By ANDREW POLLACK An advisory committee voted against approving a weight-loss drug by Arena Pharmaceuticals, citing in part potential heath risks. G.M. Says Treasury Will Sell Its Stake Over Time By BILL VLASIC How long it takes for the government to divest its holdings in General Motors will, in part, be determined by the company's success, G.M.'s chief executive said. Fiat Shareholders Approve Plans to Separate Businesses By DAVID JOLLY The Italian company hopes the move to spin off its industrial business from its automotive unit will lead the stock market to view the two halves more positively than it has the whole. Energy Costs Push Up U.S. Producer Prices   By CHRISTINE HAUSER The core index, which removes the volatile food and energy prices, rose 0.1 percent in August. First-Time Jobless Filings Declined Last Week Prescriptions Blog TV Ad Attacks McDonald's   By DUFF WILSON A new commercia

NYT : Afternoon Market Update. U.S. Accuses China of Violating Trade Rules on 2 Fronts. September 15th., 2010

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BUSINESS U.S. Accuses China of Violating Trade Rules on 2 Fronts   By REUTERS One case involves barriers that Washington claims discriminate against United States credit and debit card companies. The other involves duties on steel products. Hayward Defends BP's Safety Record   By JULIA WERDIGIER The BP chief faced a British Parliamentary committee and rejected claims that the accident in the Gulf of Mexico was partly the result of cost-cutting. DealBook Women Sue Goldman, Claiming Bias in Pay and Jobs   By PETER LATTMAN Three former employees of Goldman Sachs sued the investment bank, contending that the firm systematically discriminates against its women employees. Craigslist Executive Says 'Adult Services' Section Is Closed   By CLAIRE CAIN MILLER At a House hearing, Craigslist also defended its right to post sex-related ads as well as its efforts to fight sex trafficking. Ruling Said to Find Boeing Got Some Improper Subsidies   By NICOLA CLARK and CHRISTOP

NYT : Afternoon Business News | Business Update :" Ireland Tries to Keep a Bank From Pulling It Under". August 30th., 2010

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BUSINESS: Ireland Tries to Keep a Bank From Pulling It Under   By LANDON THOMAS Jr. Anglo-Irish, the midsize Irish lender whose profligacy symbolized the excesses of the real estate bubble, has put a strain on government's finances. Prescriptions Blog The Race to Replace Warfarin   By NATASHA SINGER Leading drug makes are developing new anticoagulant drugs to prevent stroke and systemic blood clots in people with atrial fibrillation, an irregular heartbeat disorder. F.D.I.C. Gives a Mixed Report on Banks in Quarter By ERIC DASH The banking sector posted a record $21.6 billion in profit in the quarter, but the list of problem banks increased. Square Feet Building on the Past, a Detroit District Thrives   By ALISON GREGOR Developers in Midtown are refurbishing older buildings, using tax credits and public financing, as much as they are building from scratch. Wall Street Indexes Struggle for a Direction   By CHRISTINE HAUSER and DAVID JOLLY The latest housing data

NYT : Afternoon Business News | Afternoon Business Update. August 27th., 2010

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BUSINESS: Your Money In Defense of Home Ownership   By RON LIEBER Many home purchases could still end in grief financially, particularly in hard-hit areas where prices could fall further. But most probably won't. Wall Street Looks to End Week on Up Note   By CHRISTINE HAUSER Shares rose after the latest revision in the second-quarter growth came in slightly better than expected and on remarks from the Federal Reserve chairman. Boeing Delays Delivery of Dreamliner   By BETTINA WASSENER and NICOLA CLARK Boeing now expects delivery of the first 787 Dreamliner in the middle of the first quarter 2011, owing to a delay in engine availability. Media Decoder Blog USA Today Will Reorganize and Shed Jobs   By JEREMY W. PETERS USA Today, embarking on the most extensive reorganization in its 28-year history, announced plans on Friday to shed 9 percent of its workforce and shift its emphasis to digital media operations. Drought in Russia Ripples Beyond the Wheat Fields   By

NYT :Afternoon Business News. August 26th., 2010

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BUSINESS. Dell Raises Its Bid for 3Par   By THE NEW YORK TIMES After a bidding war with Hewlett-Packard, Dell raised its offer for the data-storage company to about $1.5 billion and said that 3Par had accepted the offer. DealBook:How Matching Rights Give Dell an Edge DealBook: Star Banker Back in Bidding War Toyota Recalls 1.1 Million Cars for Engine Problem   By NICK BUNKLEY The recall, which covers the 2005 through 2008 Corolla sedan and Matrix hatchback, is Toyota's 15th this year. J.&J. Recalls Hip Implants   By NATASHA SINGER It was the latest in a succession of recalls of some of the company's best-selling products. F.A.A. Proposes $24 Million Fine Against American Airlines   By THE ASSOCIATED PRESS The record penalty is over maintenance lapses that caused thousands of canceled flights in 2008. Indian Drug Magnate Sets Sights on Health Care Sector   By WAYNE ARNOLD Malvinder Singh has spent almost $1 billion in the past two years buying up assets

NYT: Afternoon Business Update: Beyond Fossil Fuels. August 18th., 2010

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BUSINESS: Beyond Fossil Fuels Filling the Gas Tank With Something Else   By MATTHEW L. WALD A new federal agency is financing attempts to find a renewable replacement for gasoline and diesel fuel, like a new liquid fuel or a much better battery. Previous Articles in the Series » BHP Makes Hostile Bid for Potash   By BETTINA WASSENER and IAN AUSTEN BHP said Wednesday that it would take its nearly $40 billion cash offer for Potash directly to shareholders. DealBook: Why BHP Wants Potash | Familar Name in Battle New Bank Capital Rules Will Eventually Foster Growth, Studies Assert   By JACK EWING The rules will initially make borrowing more expensive, but the effects will be short-lived, according to the studies by central bankers and regulators who are writing the new rules. DealBook Druckenmiller to Shutter Hedge Fund   By DEALBOOK Stanley Druckenmiller, the hedge fund magnate who led George Soros's famous bet against the British pound, is calling it quits. G.M

NYT:Afternoon Business News Update. August 5th., 2010

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BUSINESS: Turkey and Israel Do a Brisk Business By DAN BILEFSKY Despite their strained politics, business between Turkey and Israel continues apace, albeit discreetly. Greece Gets Good Progress Report From Lenders By SUZANNE DALEY and NIKI KITSANTONIS International lenders cleared the way for Athens to receive the next piece of its bailout package, while Spain saw its borrowing costs drop. Trichet Offers Some Upbeat Comments About Europe Sales Were Sluggish in July for Retailers By STEPHANIE CLIFFORD The weak spending raises worries about the health of the back-to-school season as Americans step up saving amid a stalling recovery. Jobless Claims Are Highest Since April 8:57 AM ET Trichet Offers Some Upbeat Comments About Europe By JACK EWING and JULIA WERDIGIER The head of the European Central Bank added, however, that growth in Europe was occurring in "an environment of uncertainty." Indonesia Takes on an Attractive Sheen By AUBREY BELFORD After years

NYT: Afternoon Business Update : Road to New Confidence at BP Runs Through U.S. July 26th., 2010

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  Afternoon Business Update   Road to New Confidence at BP Runs Through U.S. By JULIA WERDIGIER and JAD MOUAWAD The expected choice of Robert Dudley as BP's next chief executive shows a recognition that the spill will be a top concern for some time. Nike Agrees to Help Laid-Off Workers in Honduras By STEVEN GREENHOUSE Student groups had pressed Nike to pay severance that the two subcontractors in Honduras had failed to pay. Much-Maligned, Stress Tests Begin to Reassure By JACK EWING Despite criticism from analysts, the results have won cautious approval from investors. Despite Flaws, Stress Tests May Satisfy Markets In India, British Leader to Focus on Business By HEATHER TIMMONS Mr. Cameron hopes to position British companies to receive some of the tens of billions India is expected to spend on projects like roads and power grids . I.B.M. Is Target of Antitrust Inquiry in Europe By KEVIN J. O'BRIEN The European Commission says that I.B.M. might have abused it

NYT: Afternoon Business Update.-Wall Street Indexes Find Some Momentum. July 19th., 2010

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 AFTERNOON BUSINESS UPDATE Wall Street Indexes Find Some Momentum By CHRISTINE HAUSER Most bank shares turned higher in afternoon trading, offsetting some concerns about housing. Itineraries As Business Slips, Private Jets Align With Airlines By CHRISTINE NEGRONI The hope is that first-class passengers arriving in the United States on foreign flights will choose a private jet over cramped regional carriers to get to their destination. Caution Urged Despite Aircraft Orders By NICOLA CLARK The two largest aircraft makers announced more than $24 billion in new jet orders, but analysts cautioned that economic growth remained weak in many places. 'Buy Local' Puts Aeroflot's Gains at Risk By ANDREW E. KRAMER Aeroflot, the former airline of the Soviet Union, has transformed itself into a stylish choice for European business travelers. Now, it may have to backtrack as pressure builds to buy locally made planes. Nokia Siemens Buys Motorola Unit for $1.2 Bill

NYT : Afternoon Business Update. July 13th., 2010

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Financial Bill to Close Regulator of Fading Industry By BINYAMIN APPELBAUM The regulator of savings and loan associations is following the industry, once dominant in mortgages, into oblivion. Financial Overhaul Moves Closer to Vote 2:48 PM ET   Financial Overhaul Moves Closer to Vote By DAVID M. HERSZENHORN Senate Democrats say they have cobbled together the 60 votes needed to close off debate and advance the bill to a final vote. Media Decoder   Appeals Court Strikes Down Indecency Rule   By BRIAN STELTER In a surprise decision, an appeals court said the F.C.C.'s indecency policy violated the First Amendment. Media Decoder: Fox Reacts to Indecency Ruling   Wall Street Closes In on 6-Day Win Streak By CHRISTINE HAUSER The momentum that has propelled Wall Street indexes in the last five days got another lift on better-than-expected quarterly earnings. U.S. Trade Gap Widens on Rising Imports of Consumer Goods By CHRISTINE HAUSER The trade gap grew

NYT : Afternoomn Business Update.- Merck Sheds 15% of Work Force. July 8th., 2010

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BUSINESS : Sluggish June Sales for Many U.S. Retailers By STEPHANIE CLIFFORD Store owners say shoppers are buying mostly deeply discounted clothing amid escalating job worries. Greece Approves Pension Overhaul Despite Protests By LANDON THOMAS Jr. and NIKI KITSANTONIS The government took a major step in overhauling its economy with a pension bill that would increase the retirement age and slash benefits. European Plane Maker Submits Bid for U.S. Tankers By CHRISTOPHER DREW Boeing plans to submit its bid on Friday as its supporters question whether Airbus has a cost advantage because of European aid.Prescriptions Blog Merck Sheds 15% of Work Force By NATASHA SINGER The layoffs are the result of the company's merger with Schering-Plough. It will also close research and manufacturing sites around the world. Apple Making New Push Into China By DAVID BARBOZA Apple is opening a flagship store in Shanghai and plans dozens more shops as it seeks to raise its pr

NYT : Business.- U.S. Indexes on Verge of a 2-Day Win Streak. July 7th., 2010

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BUSINESS : Europe's New Approach to Biotech Food By JAMES KANTER After decades of pushing nations to surrender power, the European Union is about to throw in the towel on genetically modified foods. Europe Seeks Ban on Foods From Cloned Animals 2:52 PM ET Cap on Bank Bonuses Clears Hurdle in Europe By LIZ ALDERMAN The European Parliament on Wednesday approved one of the world's strictest crackdowns on bank pay. European Regulators Debate Releasing Methodology of Bank Stress Tests U.S. Indexes on Verge of a 2-Day Win Streak By REUTERS Shares turned higher on a brighter outlook for banks on both sides of the Atlantic while oil prices snapped a six-day slide. Obama Vows New Push on Stalled Trade Pacts By SHERYL GAY STOLBERG The president hopes to persuade Congress to approve trade pacts negotiated by President Bush, which have languished because of Democratic opposition. Obama Asks Court to Reinstate Ban on Deepwater Drilling By JOHN M. BRODER

NYT : Afternoon Business Update. July 1rst., 2010

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Business Economists Will Scour Private Sector in June Jobs Report By CATHERINE RAMPELL Census Bureau layoffs will probably present a dismal figure for the June unemployment report, but any increase in private sector hiring would be a glimmer of hope. Poor Economic Data Send Shares Lower By THE ASSOCIATED PRESS Stocks start the quarter with a loss after reports on jobs, housing and manufacturing suggest sluggish economic growth ahead. New Vehicle Sales Slowed in June By NICK BUNKLEY The report raised new doubts about the market's recovery after months of slow but encouraging gains. Faulty Space Probe Seen as Test of Japan's Expertise By HIROKO TABUCHI Japan's hopes for a bigger share of the global market for satellites and other space infrastructure may rest on an asteroid mission with only qualified success. Diageo Uses Scotch to Plug Gap in Pension Plan By JULIA WERDIGIER Diageo, the maker of Johnnie Walker whiskey, put aside 2 million barrels o

NYT: Afternoon Business Update. June 25th., 2010

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Business Bank Stocks Are Up in a Quiet Session By THE ASSOCIATED PRESS Strength in the financial sector helps offset weakness from the G.D.P. report and disappointing earnings from Research in Motion . Policy Conflicts Seen as Obama Arrives at Meeting of Leaders By SEWELL CHAN and JACKIE CALMES President Obama arrived Friday for back-to-back meetings of world leaders that will test international unity on how to restore global economic growth. Chinese Currency Hits High Ahead of Meeting 7:55 AM ET   Chinese Currency Hits New High Ahead of G-20 Meeting By BETTINA WASSENER The gains in the renminbi are expected to take the heat off China at this weekend's summit meeting. Obama Arrives in Toronto for Summit Meeting 12:59 PM ET In China, Worries Over Municipal Debts 7:55 AM ET   Economy Faces Tough Road Ahead With Slower Growth By THE ASSOCIATED PRESS Gross domestic product rose by 2.7 percent in the period, less than the 3 percent previously

NYT : Afternoon Business Update. June 23rd, 2010

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Afternoon Business Update Rotten Apple, or Just Sour Grapes? By MIGUEL HELFT Once dismissed by larger, more successful companies, Apple now finds itself in the bewildering position of being viewed as an anticompetitive industry bully. U.S. New Home Sales Drop 33% in May By CHRISTINE HAUSER Sales of new single-family homes tumbled more than expected as the effects of a tax credit faded. House Drops Demand for Bank-Paid Liquidation Fund By DAVID M. HERSZENHORN House negotiators working on an overhaul of the financial system agreed to leave out a $150 billion fund that would have been used to liquidate large institutions. BP Executive Prepares to Take Over Spill Response By CLIFFORD KRAUSS and ANDREW E. KRAMER Robert Dudley has plenty of experience dealing with a hostile government and angry citizens. • More Business News »