High & Low Finance: Trade Now Could Cost Broker Later
Friday, June 20th, 2008It used to be that the only brokers accused of ignoring sell orders were the penny stock pump-and-dump operators. This time it is different.
author By FLOYD NORRIS, source www.nytimes.com
Stocks & Bonds: Modest Gain After a Drop in Oil Prices
Friday, June 20th, 2008Stocks ended a back-and-forth session with modest advances as a sharp drop in oil prices helped counter renewed concerns about the strength of the economy.
author By THE ASSOCIATED PRESS, source www.nytimes.com
The Times Names an Ad Executive
Friday, June 20th, 2008Paul Smurl, executive director for strategy and planning at The New York Times, has been named vice president for advertising.
author By THE NEW YORK TIMES, source www.nytimes.com
Temporary Replacement at ‘Meet the Press’
Friday, June 20th, 2008Brian Williams, anchor of “NBC Nightly News,” will take Tim Russert’s place this Sunday.
author By JACQUES STEINBERG; Compiled by MIKE HALE, source www.nytimes.com
Bank of England Gains New Oversight Powers
Friday, June 20th, 2008The central bank announced a revamp of its leadership as it was granted enhanced powers to manage financial crises in the biggest overhaul of Britain’s financial regulatory system in a decade.
author By JULIA WERDIGIER, source www.nytimes.com
Philadelphia Fed Reports Decline in Factory Activity
Friday, June 20th, 2008Activity at mid-Atlantic factories has fallen for a seventh consecutive month, while new data on unemployment benefits points to a sluggish labor market.
author By REUTERS, source www.nytimes.com
South Koreans Press Anti-Government Protests
Friday, June 20th, 2008Critics of President Lee Myung-bak said they would continue their protests despite his repeated apologies for a U.S. beef import deal.
author By CHOE SANG-HUN, source www.nytimes.com
From the Gulf, Money for Towers in London
Friday, June 20th, 2008After investing in the financial industry in London, sovereign wealth funds from the oil-rich Persian Gulf are pouring money into the skyline.
author By JULIA WERDIGIER, source www.nytimes.com
China Sharply Raises Energy Prices
Friday, June 20th, 2008China is faced with increasingly severe fuel shortages for truckers and farmers and the prospect of blackouts during the summer air-conditioning season.
author By KEITH BRADSHER, source www.nytimes.com
U.S. Said to Compromise on Beef for South Korea
Friday, June 20th, 2008An agreement in which the U.S. would not export to South Korea beef from cattle under 30 months old was sought to defuse South Korean furor over beef exports.
author By STEVEN R. WEISMAN, source www.nytimes.com
Government Crackdown on Mortgage Fraud
Friday, June 20th, 2008More than 400 real estate industry players have been indicted since March, including dozens over the last two days, in a Justice Department crackdown on incidents of mortgage fraud nationwide.
author By CHARLIE SAVAGE, source www.nytimes.com
EBay Expands PayPal Protections
Friday, June 20th, 2008EBay hopes to attract more online traders by expanding the protections available to people who use its PayPal payment service for transactions on eBay’s Internet marketplaces.
author By THE ASSOCIATED PRESS, source www.nytimes.com
Treasury Secretary Requests Greater Powers for the Federal Reserve
Friday, June 20th, 2008The Bush administration said that the Federal Reserve should be given sweeping new powers to protect the integrity of the financial system.
author By THE ASSOCIATED PRESS, source www.nytimes.com
Chairman of Live Nation Is Said to Be Preparing to Resign
Friday, June 20th, 2008The chairman of the concert promoter is said to be negotiating to resign after an internal battle over the company’s strategy of signing expensive deals with artists like Madonna and Jay-Z.
author By ROBERT LEVINE, source www.nytimes.com
Blackstone Unit to Buy Health Group for $1.6 Billion
Friday, June 20th, 2008Under the terms of the deal, shareholders of the Apria Healthcare Group will receive $21 in cash for each common share outstanding.
author By REUTERS, source www.nytimes.com
More Big Write-Downs Loom for Citigroup, Executive Says
Friday, June 20th, 2008The chief financial officer of Citigroup, Gary L. Crittenden, warned that the bank, the nation’s largest by assets, would suffer more substantial write-downs on debt investments in the second quarter.
author By THE ASSOCIATED PRESS, source www.nytimes.com
Circuit City Posts a Wider Loss as Sales Fall
Friday, June 20th, 2008Circuit City Stores said that its loss widened in the first quarter as sales at established stores dropped more than 11 percent.
author By THE ASSOCIATED PRESS, source www.nytimes.com
Business Fliers Unfazed by Fare Increases
Friday, June 20th, 2008Business travelers seem more forgiving of fare increases that might keep leisure travelers at home.
author By KATHRYN CARLSON and MICHELINE MAYNARD, source www.nytimes.com
Moody’s Cuts Insurer Ratings
Friday, June 20th, 2008Moody’s Investors Service stripped the insurance arms of Ambac Financial Group and MBIA of their AAA ratings, citing their impaired ability to raise capital and write new business.
author By REUTERS, source www.nytimes.com
A Supreme Court Victory for Older Workers
Friday, June 20th, 2008The Supreme Court placed on employers the burden of proving that a layoff or other action that hurts older workers more than others was based not on age but on some other “reasonable factor.”
author By LINDA GREENHOUSE, source www.nytimes.com