Former Russian tycoon says he won’t return to oil industry
Friday, August 22nd, 2008Mikhail Khodorkovsky told a parole hearing in a Siberian court on Thursday that he does not plan to return to the oil industry where he made his fortune.
author By ZACK O'MALLEY GREENBURG, source www.iht.com
Hip-hop’s cash kings 2008
Friday, August 22nd, 2008Unlike most pop and rock musicians, who make the bulk of their earnings from record sales and tours, rappers have more diversified portfolios.
author By ZACK O'MALLEY GREENBURG, source www.iht.com
Hallmark ventures into gay-marriage cards
Friday, August 22nd, 2008Hallmark added the cards after California joined Massachusetts as the only U.S. states to legalize gay marriage. A handful of other states have recognized same-sex civil unions.
author By SARAH SKIDMORE, source www.iht.com
Gap tries, again, to reinvent itself
Friday, August 22nd, 2008A new designer, Patrick Robinson, is generating a lot of buzz. Whether sales will follow is an open question.
author By ERIC WILSON, source www.iht.com
Lone Star buys German bank IKB at a major discount
Friday, August 22nd, 2008The price, less than €10 million, was far from the €800 million the German government had hoped to get and does little to compensate for the billions of euros invested in IKB over the past year to keep it afloat.
author By CARTER DOUGHERTY, source www.iht.com
Saudi climate improves for foreign investors
Friday, August 22nd, 2008Under a new measure, potential foreign investors would be entitled to returns related to their share purchases and must take on all of the economic exposure.
author By MATTHEW SALTMARSH, source www.iht.com
Continental accepts offer from Schaeffler
Friday, August 22nd, 2008Schaeffler had used options to build a stake without having to buy the whole company. Analysts said the strategy could leave other German companies vulnerable to similar raids.
author By MATTHEW SALTMARSH, source www.iht.com
The nature of risk in boom times or bust
Friday, August 22nd, 2008During the credit boom that preceded the current bust, many professional investors thought that they had found a way to increase their profits without taking on risk.
author By Michael M. Grynbaum, source www.iht.com
A surge in oil amid the tensions in Europe
Friday, August 22nd, 2008Oil prices jumped more than $5 a barrel and while some analysts were quick to pin the increase on the dollar, international politics, notably in Georgia, also contributed.
author By Michael M. Grynbaum, source www.iht.com
Oil spike helps U.S. stocks higher
Friday, August 22nd, 2008Oil prices jumped almost 5 percent Thursday in a big bounce in commodities that gave energy shares such a jolt that they turned U.S. stocks higher.
author By Herbert Lash, source www.iht.com
Asian stocks hit 2-year low
Friday, August 22nd, 2008Stock markets in the region fell for a fourth straight week, as a surge in oil prices to above $121 knocked down the U.S. dollar and the spiraling financial crisis showed no signs of ending.
author By DAVID BARBOZA, source www.iht.com
The Games are golden for a Chinese network
Friday, August 22nd, 2008CCTV has smashed ratings records, often with more than 80 percent of Chinese households tuning in, guaranteeing the $2 billion company a huge pot of advertising gold.
author By DAVID BARBOZA, source www.iht.com
A lender that makes house calls in Europe
Friday, August 22nd, 2008The company, International Personal Finance of Britain, is planning to expand its extensive network of agents devoted to small-scale consumer lending to Russia, Ukraine and India as well.
author By JULIA WERDIGIER, source www.iht.com
Cracks appearing in U.S. commercial real estate market
Friday, August 22nd, 2008For Wall Street banks, which hold about $100 billion of commercial mortgage-backed securities, a deterioration of the overall commercial property market could trigger more write-downs in the coming quarter.
author By LOUISE STORY, source www.iht.com
British regulator chief warns of recession similar to 1990s
Friday, August 22nd, 2008Hector Sants, the chief executive of the Financial Services Authority, said that while he was confident that British banks were well capitalized at the moment, bank managers needed to be prepared in the event of another, much sharper downturn.
author By JULIA WERDIGIER, source www.iht.com
Three top Wall St. banks to buy back billions in auction rate securities
Friday, August 22nd, 2008As part of the settlement with New York, Merrill Lynch, Goldman Sachs and Deutsche Bank will pay also penalties over the way the firms sold the now-frozen securities.
author James Kanter, source www.iht.com
Can the UN clean up the trade in carbon offsets?
Friday, August 22nd, 2008This hazy view of the National Olympic Stadium in Beijing illustrates the need to cut emissions, but is the current trade in carbon offsets working? (Gil Cohen Magen/Reuters)
These days you can readily buy carbon credits from websites to “offset” your greenhouse gas emissions at home or from a flight. This trade has grown quickly but […]
author James Kanter, source blogs.iht.com
Intel’s line of graphics chips could have broader uses
Monday, August 4th, 2008Intel said it would initially aim its new microprocessor family, code-named Larrabee, at the personal computer graphics market.
author By JOHN MARKOFF, source www.iht.com
Oil prices renew push to drill on U.S.-owned lands
Monday, August 4th, 2008Some hope that drilling for oil on U.S. government-owned lands will moderate prices, but those sites mostly produce natural gas.
author By FELICITY BARRINGER, source www.iht.com
An unconventional analyst makes himself heard on Wall Street
Monday, August 4th, 2008Richard X. Bove has gained a reputation as one of the few bank analysts to predict the blow-up in the U.S. housing market and subsequent problems at many banks.
author By LOUISE STORY, source www.iht.com