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Chief Says Fed Is Ready to Act on Credit Pinch
Ben S. Bernanke said that the central bank ?stands ready to take additional actions as needed? to limit the effect of the financial market disorder on the economy.
Slowdown clouds hopes for SAfrican economy
AFP - A string of gloomy data has clouded some of the optimism surrounding the South African economy, raising fears of another interest rate hike and casting doubt on government growth forecasts.
Cabbies? Group Repeats Vow to Strike Starting Wednesday
A group that says it represents about 7,000 cabdrivers vowed to go ahead with a two-day strike this week.
Bill Deedes, Journalist in Britain, Is Dead at 94
A journalist for three-quarters of a century, Mr. Deedes was sometimes called the most popular man on Fleet Street.
Law Enforcement Targets Prostitution on Craigslist
Nassau County, N.Y., has made more than 70 arrests since it began focusing on Craigslist last year, one of numerous crackdowns from Hawaii to New Hampshire.
Age of Riches: Big Gifts, Tax Breaks and a Debate on Charity
Some ask whether the public benefits of philanthropy are commensurate with the tax breaks that givers receive.
Toy Makers Seek Standards for U.S. Safety
After a series of recalls that have undermined public confidence, the nation?s largest toy makers are asking the government to impose mandatory testing standards.
Stocks Tumble as Job Report Leads Investors to Shift to Bonds
Investors sought safety in government debt and gold as the latest job report raised fears that corporate profits will weaken.
Apec tackles stalled trade talks
Asia-Pacific leaders conclude their summit by calling for a rapid conclusion to stalled global trade talks.
Citywide: In Place of Smokestacks, Makers of Dumplings and Doors
Smokestacks are gone from the New York factory in the 21st century, with specialty companies and makers of food products, especially for the ethnic market, in their place.
Lewis buys 7% Bear Stearns stake
Billionaire UK investor Joseph Lewis spends $860m buying a 7% stake in struggling US bank Bear Stearns.
U.S. Prosecutors Plan New Indictment in Tax Shelter Case
Federal prosecutors are planning a fresh indictment in a case that involves tax shelters sold by the accounting firm Ernst & Young.
Qualcomm Can Resume Imports
A federal judge has halted the ban on mobile phones containing chips made by Qualcomm that was imposed after a court earlier determined that the chips violated a patent held by Broadcom.
Rivals say Microsoft has not changed its ways
Reuters - Next week's European
antitrust ruling against Microsoft Corp is a legacy of
its past behavior, but competitors say the company's current
strategy is a sign of history repeating itself.
Preparations for Strike at G.M. as Deadline Passes
Negotiators met today ahead of a midnight deadline as unions across the country prepared for a possible strike.
ABN AMRO keeps neutral stance on competing bids
Reuters - ABN AMRO stuck to its
neutral stance on Sunday on competing takeover bids for the
Dutch bank, saying it could not support a break-up under the
financially superior RBS-led consortium's bid.
Microsoft loses anti-trust appeal
A European court dismisses Microsoft's appeal in a long-running competition dispute.
Guilty Plea Is Expected in Kickbacks at Law Firm
William S. Lerach has been under investigation over an alleged scheme to pay plaintiffs in class-action lawsuits.
New Push Into China by N.B.A.
In a move certain to highlight the growing importance of China to both the National Basketball Association and the sport, the N.B.A. plans to announce Wednesday the formation of a Chinese subsidiary.
Dubai to Buy Large Stake in Nasdaq
The government-controlled stock exchange in Dubai is expected to announce that it will take significant ownership stakes in the Nasdaq and London Stock Exchange.
Credit Turmoil Bruised Most on Wall Street, but Pain Was Not Shared Equally
Wall Street?s first reports since this summer?s credit storm revealed extensive damage, but better-than-expected earnings this week from four brokerage firms offered some comfort.
Wary Buyers May Scuttle Two Deals
Two more private equity deals showed signs of unraveling on Friday, as buyers and bankers grow increasingly wary of the purchases they rushed into only months ago.
Next to Downsize on Wall Street? The Exchange Floor
As computerized trading reduces the need for face-to-face transactions, the New York Stock Exchange plans to shut two trading rooms.
Advertising: Company Will Monitor Phone Calls to Tailor Ads
Pudding Media is introducing an Internet phone service that will be supported by advertising related to what people are talking about during their calls.
In G.M. Strike, Both Sides See Defining Moment
The length of the walkout may hinge on the answers to two crucial questions: How long can the U.A.W. afford to stay out? And how long can G.M. endure a strike?
Inspector Finds Broad Failures in Oil Program
A new report says that the department responsible for collecting billions of dollars from oil and gas companies that drill on federal lands is plagued with ethical lapses.
Off the Picket Line at G.M., Relieved but Wary
U.A.W. workers remain concerned but hopeful about the settlement?s health care and job security provisions.
Complaint Offers Window on Chinese Drug Ring
An affidavit filed by an agent of the F.D.A. details the personal involvement of Jin Lei, the founder of one of China?s largest drug makers, in an illegal hormone distribution ring.
Given Fewer Coupons, Shoppers Snub Macy?s
After it took over 410 department stores, Macy?s tried to wean people off of coupons. Now the chain is backtracking.
EU mobile phone charges reduced
Mobile phone calls within the EU have become cheaper under new limits set by the European Commission.
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