Business News | Press Release 001

Business Briefing | Company News: Judge Approves Sale of a Department Store Chain

NYT Business - 2 hours 30 min ago

A Delaware bankruptcy judge approved the sale of Boscov’s, a regional department store chain, to two former executives.

Categories: Business News

Housing Crisis Snares Elderly Who Can’t Sell

NYT Business - 2 hours 30 min ago

The housing crisis has kept thousands of older Americans from moving into retirement communities.

Categories: Business News

Business Briefing | Company News: Dana, an Auto Parts Maker, Agrees to Changes in Loan

NYT Business - 2 hours 30 min ago

The company said it had renegotiated terms of a $1.3 billion loan to stay in compliance with the conditions.

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Business Briefing | Company News: Administrator to Oversee Argentine Airline

NYT Business - 2 hours 30 min ago

The move would prevent its Aerolineas Argentinas’ current owner from selling assets amid stalled nationalization talks.

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Business Briefing | Company News: Marsh & McLennan Plans a $500 Million Stock Sale

NYT Business - 2 hours 31 min ago

The insurance broker cleared the way to raise $500 million in a stock sale to finance acquisitions.

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Business Briefing | Company News: A.I.G. in Talks to Sell Aircraft-Leasing Unit

NYT Business - 2 hours 31 min ago

The insurer will complete the sale of its airplane-leasing arm to a group of investors by early next year, an executive said.

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Automaker to Return 2 Leased Jets

NYT Business - 2 hours 35 min ago

The move comes just as auto executives stirred controversy by traveling to Washington in private jets to lobby for a bailout.

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Woes at Citigroup Began With Failed Bid for Wachovia

NYT Business - 2 hours 40 min ago

In a stunning turnabout, the banking giant has sunk to its knees and is running short on time and options.

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G.M. Pins Hopes on a Plug-In Car, 2 Years Off

NYT Business - 2 hours 48 min ago

The Chevrolet Volt is the centerpiece of G.M.’s strategy to convince Congress of the strength of its business plan.

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Hints of Relief From the Siege

NYT Business - 2 hours 53 min ago

Reports that Timothy F. Geithner would lead the Treasury Department were seen as a sign of continuity to a new administration.

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For Treasury, Geithner Said to Be Choice

NYT Business - 3 hours 34 min ago

The news that Timothy F. Geithner would be named Treasury secretary helped drive stocks sharply higher.

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Citigroup, Under Siege, Holds Talks With U.S.

NYT Business - 3 hours 44 min ago

Some of the options discussed included whether to replace Citigroup’s leadership or sell all or part of the company.

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Darling fine-tunes recovery plan

BBC: Business News - 4 hours 52 min ago

The Chancellor is spending the weekend putting the final touches to a package of tax cuts and increases in public spending.

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Stocks Soar on News of Choice for Treasury

NYT Business - 4 hours 55 min ago

Wall Street surged on Friday afternoon after news reports that Timothy F. Geithner would be chosen to be secretary of the Treasury.

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Despite Economy, Ryanair Chief Plans to Expand

NYT Business - 4 hours 57 min ago

The chief executive of Ryanair said the economic downturn will force weaker carriers to cut routes, allowing his airline to move in.

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Radio Host Has Drug Company Ties

NYT Business - 5 hours 1 min ago

Dr. Frederick K. Goodwin, a psychiatrist, earned income from drug makers that he didn’t report on his show.

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Hoping Not to Repeat the Mistakes of the Past

NYT Business - 5 hours 10 min ago

Specialists said the last big effort to help Detroit, the Partnership for a New Generation of Vehicles, was not something to repeat.

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Shortcuts: The Gift Card Comes Wrapped in Growing Risk

NYT Business - 5 hours 13 min ago

You are an unsecured creditor if you are in possession of a gift card. And you may be right to feel pretty insecure.

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Your Money: Leaner Holiday Gift Giving, Bountiful in Spirit

NYT Business - 5 hours 17 min ago

At a time when so many people have so much less than they did just a few months ago, there ought to be a way to lessen the gift-giving pressure.

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Talking Business: Road Ahead Is Long for G.M.

NYT Business - 5 hours 17 min ago

Is it really possible that G.M. has not yet begun drawing up contingency plans for a bankruptcy filing — as its chief executive told Congress this week?

Categories: Business News