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UBS Writes Down $19 Billion and Seeks New Capital
UBS AG wrote down an additional $19 billion on assets, causing a net loss of $12.03 billion in the first quarter, and said it would seek new capital.
Study Finds Home Defibrillator Is No Help
Consumers are unlikely to benefit from household versions of automated external defibrillators meant to revive victims of sudden heart seizures, a new study found.
A Stormy Decade for Citi Since Travelers Merger
The merger of Citicorp and Travelers, a deal that created a financial supermarket, is looking less visionary as the behemoth lumbers from one crisis to another.
Prosecutors question Samsung boss
The boss of South Korea's Samsung Group is questioned by prosecutors over corruption allegations.
Lines Drawn for Microsoft and Yahoo, and Neither Is Ceding Ground
Microsoft, which remains steadfast in its refusal to raise its bid for Yahoo, is growing increasingly frustrated with the company?s refusal to enter into negotiations.
Suits: Life and Death at the Opening Bell
When leaders of a health care business and a coffin maker rang the opening bell at the NYSE last week, traders may have wondered if it was an April Fool?s prank.
Shares rise on resources
Reuters - Asian shares rose on Monday, with
resources companies benefiting from stronger metals and oil
prices, while the dollar rose, shrugging off
worse-than-expected U.S. job losses.
Asian Inflation Begins to Sting U.S. Shoppers
For two generations, Americans have imported goods produced ever more cheaply from a succession of low-wage countries. But that free ride may be coming to an end.
Looming Deficit Impedes Federal Housing Agency
The Bush administration and Congressional leaders are counting on the F.H.A. to rescue thousands of struggling homeowners, but the agency has financial woes of its own.
News Corp. May Join Yahoo Bid With Microsoft
Rupert Murdoch?s News Corporation is in talks with Microsoft about joining in its contested bid for Yahoo, according to people involved in the discussions.
Advertising: Creative Spots, Courtesy of a Stalled Economy
Since the fall, many marketers have been appealing to worried consumers by acknowledging that times are tough.
Rising to His Defense, Pellicano Is Done Quickly
Mounting his own defense, Anthony Pellicano, the accused wiretapper-to-the-stars on trial for racketeering, called a single witness and was as puzzling as ever.
The Count: Sign of Distress: More Who Can?t Pay Their Bills
Like a ship that keeps springing new leaks, new numbers keep appearing that show an economy in distress.
Google and Salesforce Join to Fight Microsoft
The two companies are expanding a 10-month-old collaboration in an effort to accelerate their sales of customer management and office software to businesses.
Breaking the Silence
The shifting nature of wealth and inheritance has families talking ? about values as well as money.
Wall Street Winners Get Billion-Dollar Paydays
Hedge fund managers are making money on a scale that once seemed unimaginable. One manager, John Paulson, reaped $3.7 billion in 2007.
G.E.?s Shortfall Calls Credibility Into Question
For seven years, Wall Street has given General Electric and its chief executive, Jeffrey R. Immelt, the benefit of the doubt. Patience now seems to be wearing thin.
Bottle Maker to Stop Using Plastic Linked to Health Concerns
Nalgene, the brand that popularized water bottles made from clear and nearly unbreakable polycarbonate, will stop using the plastic because of concern over one of its ingredients.
Benefit Managers Profit by Specialty Drug Rights
A growing portion of some drug benefit managers? revenue comes from being exclusive or semi-exclusive distributors of expensive specialty drugs.
GM CEO says UAW local issues can be resolved in talks
Reuters - General Motors Corp Chief
Executive Rick Wagoner said on Sunday he was confident the
automaker could resolve outstanding contract issues with local
bargaining units for the United Auto Workers union that have
shut down a plant producing popular crossover vehicles.
Tanzanian minister quits office
A Tanzanian politician resigns amid allegations he took bribes during the purchase of a British air traffic control system.
Samsung Head to Step Down
Samsung Group Chairman Lee Kun-hee, indicted on tax evasion charges, announced Tuesday that he would step down after 20 years of leadership.
Insurer Says Economy Has Dented Its Prospects
The insurer posted lower-than-expected first-quarter earnings and sharply reduced its outlook for 2008, saying fewer businesses and employees were signing up.
The Energy Challenge | Sedan Dreams: With First Car, a New Life in China
As car sales soar in China, even first-time buyers are getting more sophisticated and want better cars.
Peltz Offer Is Accepted by Wendy?s
After more than two years of bickering, Wendy?s International and Nelson W. Peltz have tied the knot for about $2.3 billion.
Zuckerman Matches Murdoch?s Bid for Newsday
Mortimer B. Zuckerman, the owner of The Daily News, will make the argument that his bid is more attractive because it does not have the potential to fall into regulatory limbo.
Eos Airlines to Stop Flying by Monday
Eos Airlines, an all-business-class carrier that flies between Kennedy International Airport and London, said that it had filed for Chapter 11 bankruptcy.
Candy Maker Reported Near Deal for Chewing Gum Giant
Mars, maker of M&M?s, was said to be near a $22-billion deal to acquire Wrigley, the gum company.
No Break in the Standoff of Microsoft and Yahoo
The deadline that Microsoft imposed on Yahoo to reach a negotiated merger agreement passed April 26, and the two companies are still not talking.
A New Wave of Vilifying Short Sellers
Short sellers are drawing fire once again, being accused of spreading rumors, persecuting companies and unsettling entire economies.
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