NYT > Business

3 Executives Are Leaving Fannie Mae

Thu, 2008/08/28 - 12:04am
Fannie Mae said three of its top executives were leaving as the company tries to cope with mounting losses from the troubles in the housing market.

Ricoh Buys Office Equipment Distributor in U.S.

Thu, 2008/08/28 - 12:03am
The Japanese copier and printer maker said that it would acquire Ikon Office Solutions for about $1.62 billion to help it expand overseas.

Practically Speaking: For American Restaurateurs, It’s Hard to Get a Break

Wed, 2008/08/27 - 11:51pm
As European proprietors are preparing to reopen after extended holidays, American restaurant owners are just trying to catch a second wind following a taxing summer.

Advertising: Major League Baseball Is Blogging Its Way Through the Playoffs

Wed, 2008/08/27 - 11:48pm
Baseball’s playoff advertising push gets under way Thursday, when the first spots of the league’s largest ever campaign are broadcast.

Chrysler Explores Sale of Dodge Viper Unit

Wed, 2008/08/27 - 11:41pm
The automaker said it was considering options for the sports car unit as it tries to raise cash to ride out a deepening industry downturn in the United States.

Orders for Manufactured Goods Beat Forecasts

Wed, 2008/08/27 - 11:40pm
Durable goods orders rose a surprising 1.3 percent, and a gauge of business investment also rose unexpectedly.

U.S. Moves Toward International Accounting Rules

Wed, 2008/08/27 - 11:39pm
The S.E.C. moved to require all American companies to use international accounting standards by 2016.

Olavo Setubal, a Brazilian Bank Chief, Dies at 85

Wed, 2008/08/27 - 11:10pm
Mr. Setubal was a former foreign minister who also helped build one of Brazil’s largest banks, Banco Itaú.

Research Company Loses One Suitor and Rejects Another

Wed, 2008/08/27 - 11:02pm
The British market research company Taylor Nelson Sofres rejected again a hostile bid from the WPP Group, but analysts said the company would have difficulty evading WPP.

As Food Prices Soar, Brazil and Argentina React in Opposite Ways

Wed, 2008/08/27 - 11:00pm
In Brazil, the government is encouraging farmers to produce more for export while prices are high. But Argentina is focused on encouraging farmers to sell more at home.

Industry Rethinks Moneymaking Software Practice

Wed, 2008/08/27 - 11:00pm
Before they ship PCs to retailers like Best Buy, computer makers get paid hundreds of millions of dollars to load them up with lots of free software. For $30, Best Buy will get rid of it for you.

U.S. to Ease Pressure Tactic Over Legal Help for Employees

Wed, 2008/08/27 - 10:58pm
The Justice Department will roll back a set of rules that penalized companies if they insisted on paying employees’ legal fees or protecting their confidential communications with corporate lawyers.

State of the Art: New Nikon Holds a Secret

Wed, 2008/08/27 - 10:55pm
The Nikon D90 camera, arriving in stores next month, has the features and performance of a single-lens reflex, and can record high-definition video.

Xcel to Disclose Global Warming Risks

Wed, 2008/08/27 - 10:53pm
The New York attorney general announced an agreement that would require Xcel Energy, a builder of coal-fired plants, to disclose to investors the financial risks of global warming.

MBIA to Aid Troubled Bond Insurer

Wed, 2008/08/27 - 10:51pm
MBIA agreed to take control of nearly $200 billion of municipal bonds currently backed by a rival bond insurer, in a move that could help its competitor avoid bankruptcy.

Clothing Retailers Post Better Results Than Expected

Wed, 2008/08/27 - 10:22pm
The Apparel retailers Chico’s FAS and American Eagle Outfitters posted better-than-expected profits despite taking deep markdowns to lure shoppers of all ages, sending their shares higher.

Stocks & Bonds: Report Signaling Consumer Confidence Lifts Markets

Wed, 2008/08/27 - 10:19pm
Wall Street posted a big advance after a larger-than-expected increase in orders for durable goods, indicating that the economy is stronger than many investors thought.

Amgen to Stop Offering Discounts on Anemia Drug

Wed, 2008/08/27 - 10:18pm
The company is halting some pricing practices that critics say were contributing to overuse of its flagship anemia drug Aranesp at a time of mounting concerns about the product’s safety.

TiVo Posts Profit as Revenue Rises 4%

Wed, 2008/08/27 - 7:27pm
TiVo posted a quarterly profit for only the third time in its 11-year history as the pioneer in digital video recorders improved margins on hardware and reduced marketing costs.

Target Settles Web Suit

Wed, 2008/08/27 - 7:22pm
Target has agreed to pay $6 million in damages to plaintiffs in California unable to use its online site as part of a class-action settlement with the National Federation of the Blind.