Posts

Showing posts with the label NYT : Business

NYT: Business.- With Sale of Assets, BP Bets on More Deep Wells. July 21st. 2010.

Image
BUSINESS : With Sale of Assets, BP Bets on More Deep Wells By JAD MOUAWAD The company agreed to sell $7 billion of oil and gas fields to the Apache Corporation. The move will help raise the $20 billion it said it would put in escrow to pay claims for the oil spill. Greek Rail System’s Debt Adds to Economic Woes By LANDON THOMAS Jr. The state-owned railway loses about $3.8 million a day, prompting a search for solutions: maybe a foreign investor or a complete overhaul. Fed in Hot Seat Again on Economic Stimulus By SEWELL CHAN The Federal Reserve’s chairman, Ben S. Bernanke, may be willing to pursue additional stimulus measures, but not quite yet. • More Business News

NYT::Business .- After Training Still Scrambling for Employment. July 19th., 2010

Image
THE NEW POOR After Training, Still Scrambling for Employment By PETER S. GOODMAN Hundreds of thousands Americans enrolled in federally financed training programs, only to remain out of work. TARP Audit Questions Rush to Close Auto Dealers By NICK BUNKLEY A report on the bailout of G.M. and Chrysler concluded that they needed to shut some dealerships but questioned their timetables. After Tumult, Debt Worries Ease in Europe By GRAHAM BOWLEY Two months ago, Europe’s debt problems seemed grave enough to imperil the global economic recovery. Now, some investors are treating it as the crisis that wasn’t. • More Business News

NYT : Business.- Analysts Warn of Risks Threatening China’s Banks. July 14th., 2010

Image
Analysts Warn of Risks Threatening China’s Banks By DAVID BARBOZA Published: July 14, 2010 SHANGHAI — A week after the Agricultural Bank of China raised nearly $20 billion from global investors in one of the biggest stock offerings in history, analysts are warning about growing risks to China’s banking system. A report released on Wednesday by Fitch , the credit ratings agency, said Chinese banks were increasingly engaging in complex transactions that hid the size and nature of their lending, obscuring hundreds of billions of dollars in loans and possibly even masking a coming wave of bad real estate and infrastructure loans. The report also said that Chinese regulators significantly understated loan growth in the first half of the year, by 28 percent, or about $190 billion, and that many banks continued to secretly shift loans off the books, resulting in a “pervasive understatement of credit growth and credit exposure.” “The growing amount of credit moving out

NYT : Business.- Financial Reform Bill Limps Toward Vote. July 14th., 2010

Image
BUSINESS: Financial Reform Bill Limps Toward Vote By DAVID M. HERSZENHORN The legislation meant to address the economic crisis fell victim to partisan bickering. 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. F.C.C. Indecency Policy Rejected on Appeal By EDWARD WYATT A federal appeals court struck down the Federal Communications Commission’s “fleeting expletives” policy on broadcasts, saying its vagueness could inhibit free speech. • More Business News

NYT : Business.- Biggest Defaulters are the Rich.- July 9th., 2010

Image
BUSINESS : Biggest Defaulters on Mortgages Are the Rich By DAVID STREITFELD The well-to-do have stopped paying their home loans in greater numbers, and apparently with less guilt. Smartphone Patent Suits Challenge Big Makers By STEVE LOHR NTP charges that the cellphone e-mail systems of the companies are illegally using its patented technology. June Sales Were Tepid at Low End and High By STEPHANIE CLIFFORD Retail sales rose 3.1 percent in June compared with June of last year, slightly lower than estimates compiled by Thomson Reuters. • More Business News

NYT : Business.- Wal-Mart Fighting $7,000 Fine in Trampling Case . July 7th., 2010

Image
BUSINESS : Wal-Mart Fighting $7,000 Fine in Trampling Case By STEVEN GREENHOUSE Federal officials say it is a mystery as to why Wal-Mart is fighting so hard against such a modest fine. China Bank I.P.O. Raises $19 Billion By MICHAEL WINES The Agricultural Bank of China offering may ultimately raise as much as $22 billion, which would make it the largest in history. India Expands Role as Drug Producer By HEATHER TIMMONS India’s drug industry is on track to grow 13 percent this year, to just over $24 billion in sales. • More Business News

NYT : Business.- Supply Chain for iPhone Highlights Costs in China. July 6th., 2010

Image
BUSINESS : Supply Chain for iPhone Highlights Costs in China By DAVID BARBOZA Labor costs, a stronger currency and rising housing prices threaten to raise the cost of making electronics. Calls to Update Maritime Laws By BARRY MEIER The BP spill has focused attention on outdated maritime laws that make it difficult to win damages for death or injury at sea. After a Shift, Shares Surge at SanDisk By ASHLEE VANCE The maker of high-speed memory chips changed its focus during a downturn, from retail to direct sales to device makers and sellers, and the company’s shares have soared. • More Business News

NYT : Business .- China Fears Warming Effects of Consumer Wants. July 5th., 2010

Image
Business China Fears Warming Effects of Consumer Wants By KEITH BRADSHER Experts worry that as China’s 1.3 billion people clamor for more cars and creature comforts, international efforts to limit global warming could be doomed. A Political Clash Over Deficits Stalls Legislation to Address Jobs By SEWELL CHAN Democrats hope voters will punish Republicans in the midterm elections for blocking extended unemployment benefits; Republicans believe the public is more concerned about deficits. Microsoft Calling. Anyone There? By ASHLEE VANCE Its recent cancellation of the Kin smartphone adds to a long list of product misfires — from watches to music players — that have plagued Microsoft’s consumer division. • More Business News

NYT : Business.- Lobbyist Says It’s About Information, Not Influence. July 2nd., 2010

Image
Business : Lobbyist Says It’s About Information, Not Influence By ERIC LICHTBLAU In a remarkable season of lobbying, business is booming for Tony Podesta and his firm, the Podesta Group. On Edge, Awaiting Jobs Data By CATHERINE RAMPELL Economists expect Census Bureau layoffs to make the June unemployment report look dismal, but are looking for a glimmer of hope in private sector hiring. Home Sales and Building Slowed in May By CHRISTINE HAUSER Economic data points to a sluggish economy and little hope for growth without government incentives. • More Business News

NYT: Business.- Loan Giants Threaten Energy-Efficiency Programs. July 1rst., 2010

Image
Business : Loan Giants Threaten Energy-Efficiency Programs By TODD WOODY Fannie Mae and Freddie Mac may not accept home loans if consumers take advantage of energy-efficiency programs. Documents Show Goldman Pressure on A.I.G. By GRETCHEN MORGENSON and LOUISE STORY The head of an investigative panel said Goldman Sachs was “by far the most aggressive” in its collateral demands before A.I.G.’s near collapse. Financial Overhaul Wins Final Approval in House By DAVID M. HERSZENHORN The biggest overhaul of American financial regulation in decades won final approval from the House of Representatives, despite partisan acrimony. • More Business News

NYT: Business.- In U.S. Bailout of A.I.G., Forgiveness for Big Banks . June 30th., 2010

Image
Business In U.S. Bailout of A.I.G., Forgiveness for Big Banks By LOUISE STORY and GRETCHEN MORGENSON Documents indicate that federal regulators ignored recommendations to force banks that did business with A.I.G. to accept losses on the deals. Circuit Breaker Kicks In, Stopping Trades of Citigroup By GRAHAM BOWLEY Trading was paused for five minutes after a large trade was posted at a price 12.7 percent lower than the previous trade. Bank Fee Is Eliminated in Financial Bill By DAVID M. HERSZENHORN Congressional negotiators voted down a tax on big banks, instead adopting a new plan to pay the legislation’s cost. • More Business News

NYT : Business.- In Faulty-Computer Suit, Window to Dell Decline . June 29th., 2010

Image
Business In Faulty-Computer Suit, Window to Dell Decline By ASHLEE VANCE Documents show that Dell was aware of bad components in millions of computers sold from 2003 to 2005. Justices Uphold Sarbanes-Oxley Act By FLOYD NORRIS and ADAM LIPTAK A ruling will change only the removal of members of the accounting oversight board created under the 2002 Sarbanes-Oxley law. ADVERTISING Fostering China’s Taste for Nuts By WILLIAM NEUMAN Whether walnuts, pecans or almonds, American nuts are in strong demand in China, a turnabout in the usual export story. • More Business News

NYT : Business : At Summit, Banks Avoid New Global Regulations. June 28th., 2010

Image
Business At Summit, Banks Avoid New Global Regulations By SEWELL CHAN and JACKIE CALMES A new set of global rules on capital and liquidity are to be finished at the next G-20 summit talks in November, but it could be years before they take effect. BP Loses Trading-Floor Swagger in Energy Markets By NELSON D. SCHWARTZ The future of BP’s trading unit is uncertain as oil spill costs mount and rival firms try to lure away traders. PAYBACK TIME Labor’s New Critics: Old Allies in Elected Office By STEVEN GREENHOUSE Republicans have often railed against public employees’ pay and benefits, but now friends of labor are joining in. • More Business News

NYT : Business.- Stimulus Bond Program Has Unforeseen Costs. June , 16th., 2010

Image
Business Stimulus Bond Program Has Unforeseen Costs By JULIE CRESWELL Critics contend that the low prices of Build America Bonds and high bank fees cost taxpayers. India’s Clogged Rail Lines Stall Economic Progress By VIKAS BAJAJ Economists say India must invest heavily in transportation to achieve its ambitions for growth, but it is so far falling short. A Face-Off Over Sale of Spectrum by F.C.C. By EDWARD WYATT A House panel considering legislation to pay for a public safety network has a hearing set for Thursday. • More Business News

NYT : Business.- The Blog Prophet of Euro Zone Doom

Image
Business Legacy for One Billionaire: Death, but No Taxes By DAVID KOCIENIEWSKI Dan L. Duncan’s heirs stand to collect billions that any other year would have gone to the Treasury. The Blog Prophet of Euro Zone Doom By LANDON THOMAS Jr. For years, almost nobody paid attention to the alarms of Edward Hugh, a blogger who predicted that the euro zone could not survive. That is changing. Fed Finding Status Quo in Bank Pay By ERIC DASH A review of 28 finance firms found many of the bonus programs that contributed to the crisis were still in place. • More Business News

NYT: : Business .-YOUR BRAIN ON COMPUTERS . June 7th., 2010

Image
BUSINESS   YOUR BRAIN ON COMPUTERS Hooked on Gadgets, and Paying a Mental Price By MATT RICHTEL Scientists say our ability to focus is being undermined by bursts of information from e-mail and other interruptions. After Suicides, Scrutiny of China’s Grim Factories By DAVID BARBOZA A rash of suicides has intensified scrutiny of the working and living conditions at Foxconn, an electronics supplier. Untangling a Ponzi Scheme With a Hollywood Twist By NELSON D. SCHWARTZ Kenneth I. Starr is accused in a scheme that has become the talk of celebrities from Hollywood to the Hamptons. • More Business News

NYT: Business, 6th, 2010

Image
BUSINESS APRIL 6TH, 2010 Citigroup’s Chief Shrinks Company, Eyeing Growth By ERIC DASH Citigroup’s chief executive is shedding the bank’s complex businesses and shrinking its balance sheet. Financial Crisis Inquiry Wrestles With Setbacks By SEWELL CHAN and ERIC DASH Delays, disagreements and lack of focus are disrupting an investigation by the Financial Crisis Inquiry Commission. Facing Suit, Pipe Maker Extends Guarantee By MARY WILLIAMS WALSH JM Eagle, fighting to retain sales amid allegations that it knowingly sold defective pipe, said its guarantee will cover pipe that is already in the ground, as well as the pipe that the company will sell in the future. • More Business News

NYT. Business, April 5th, 2010

Image
NYT: BUSINESS    April 5, 2010 Before the Actors, Filmmakers Cast Products By STEPHANIE CLIFFORD More writers and producers are cutting branding deals before the movie is cast or the scrip t is fully shaped. Developers Are in a Scramble to Strike iPad Gold By JENNA WORTHAM Many developers have spent weeks working on apps, but only a handful were given iPads  to test their software. A New Business Model Shifts Drama to Cable TV By BILL CARTER The broadcast networks still churn out a higher total number of drama hours than the 10 or so basic cable channels in the drama business, but a shift, if not quite a sea change, is taking place. • More Business News