Month: December, 2008

Madoff Spotlight Turns to Role of Offshore Funds

31 December, 2008 (10:48) | All

Offshore investment funds used as tax havens are being investigated as part of the Madoff fraud case.

‘08 HALL OF BLAME

31 December, 2008 (10:16) | All

UNLESS you’ve been in a coma for the past 12 months, you know that 2008 will go down in history as perhaps the worst year in modern times for business. Whether it was bank failures, the closing of two venerable Wall Street banks or an alleged…

No Mug? Drug Makers Cut Out Goodies for Doctors

31 December, 2008 (08:44) | All

The pharmaceutical industry has agreed to a voluntary moratorium on branded promotional items.

Chinese Court Jails 11 in Microsoft Piracy Ring

31 December, 2008 (08:09) | All

Eleven people were convicted of roles in a counterfeiting ring that distributed pirated software around the world.

A BLUE BATTLE: FLYNT NAME SPARKS FAMILY FLARE-UP

31 December, 2008 (04:57) | All

A bitter dispute is tearing apart the family of porn king and First Amendment champion Larry Flynt, as two of his nephews vie to go into the adult-entertainment business that made Uncle Larry notorious. Flynt, the wheelchair-bound publisher of…

Lobbyist Sues Times, Citing Report of McCain Ties

31 December, 2008 (03:20) | All

Vicki L. Iseman charged that an article The Times published in February had falsely created an impression that she had engaged in an improper romantic relationship with the senator.

Writing the Web’s Future in Numerous Languages

31 December, 2008 (03:20) | All

The globalization of the Web means that companies have to find ways to reach out to consumers in their native languages, a costly and time-consuming endeavor.

Airline Flies a 747 on Fuel From a Plant

31 December, 2008 (03:04) | All

Air New Zealand did a test flight with a fuel made in part with oil from the jatropha plant in a search for an alternative to crude oil.

Iranian President Proposes Ending Energy Subsidies

31 December, 2008 (03:03) | All

Faced with falling oil prices and a weakening economy, President Mahmoud Ahmadinejad proposed what would be a major change of course for the oil-producing country.

Advertising: Ad Agencies Fashion Their Own Horn, and Toot It

31 December, 2008 (03:02) | All

A blog about Michelle Obama’s clothes shows how agencies are moving from promoting to creating brands.

Home Prices Fell at Their Sharpest Pace in October

31 December, 2008 (03:01) | All

Home values in 20 large metropolitan areas across the country dropped at an 18 percent annual pace in October.

Gazprom Refuses to Back Off Threat to Cut Gas Supplies

31 December, 2008 (02:58) | All

Gazprom maintains Ukraine owes $2.1 billion for natural gas shipments and for late fees. It has threatened to cut off supply on Thursday if payment is not adequate.

In 2009, Economy Will Depend on Unlocking Credit

31 December, 2008 (02:52) | All

The length of the credit crisis will depend on the availability of credit in all its forms.

Executive Leaving Merrill Lynch

31 December, 2008 (02:38) | All

Merrill Lynch’s vice chairman, Jeffrey N. Edwards, is leaving in January to pursue other interests, Gregory J. Fleming, the company’s president, said in a memorandum.

Fee Dispute Threatens Some Cable Shows

31 December, 2008 (02:36) | All

Viacom, which owns Nickelodeon and Comedy Central, among others, says it might remove the channels from key markets on Jan. 1 if Time Warner Cable does not agree to an increase in rights fee.

Stocks & Bonds: Shares Climb as G.M. Gets More Money

31 December, 2008 (02:35) | All

Wall Street showed more signs of stability after Washington’s latest lifeline to the auto industry.

A Rust Belt Oasis, the University of Michigan Is Spending Billions to Grow

31 December, 2008 (02:34) | All

Nine major buildings are in various stages of construction at the university’s Ann Arbor campus, one of the largest university building programs in the U.S.

Square Feet: A Renter’s Market for Manhattan Offices

31 December, 2008 (02:34) | All

After the financial markets collapsed, companies that were looking for space found accommodating deals.

Village Voice Lays Off Nat Hentoff and 2 Others

31 December, 2008 (02:28) | All

Three writers were laid off, including Nat Hentoff, the prominent columnist who has worked for the paper since 1958, contributing opinionated columns about jazz, civil liberties and politics.

Lehman Seeks More Time to File Reorganization

31 December, 2008 (02:28) | All

The investment bank has asked a bankruptcy court for a six-month extension to file its Chapter 11 plan, citing the size and complexity of the case.

Consumers Union to Buy Gawker Blog Consumerist

31 December, 2008 (02:27) | All

The blog, Consumerist, aims at a younger market than the venerable Consumer Reports.

S.E.C. Elects to Keep Mark-to-Market Rules

31 December, 2008 (02:25) | All

The Securities and Exchange Commission issued a report to Congress that recommended maintaining the accounting rules, but suggested improvements to current practices.

Ford Hybrid Emphasizes High Mileage

31 December, 2008 (02:25) | All

The midsize Fusion Hybrid is Ford’s strongest effort yet to break the dominance of Japanese automakers in hybrid passenger cars.

GMAC Makes It Easier to Get a Car Loan

31 December, 2008 (02:19) | All

The day after an injection from the government, the financing affiliate of G.M. said it would immediately ease the conditions for borrowers to have access to its loans.

Auto industry lifeline boosts market hopes

31 December, 2008 (02:10) | All

NEW YORK - Wall Street staged a big advance in the next-to-last session of 2008 Tuesday after Washington’s latest lifeline to the auto industry bolstered hopes that the government will do whatever is necessary to cut short the recession.

Consumer confidence, housing prices hit lows

31 December, 2008 (02:09) | All

NEW YORK - The grim outlook for the economy was affirmed Tuesday by separate reports showing that consumer confidence and housing prices have plummeted to all-time lows.

U.S. drug firms to quit giving free `stuff’

31 December, 2008 (02:09) | All

To Lehman Brothers, Linens ‘n Things and the blank VHS tape, add another American institution that expired in 2008: drug company trinkets.

Madoff Case Faces Crucial Disclosure Deadline

31 December, 2008 (01:11) | All

Bernard L. Madoff must provide federal regulators with a full accounting of his assets by Wednesday.

Wealth Matters: Estate Planning Is More Than Avoiding Taxes

31 December, 2008 (01:09) | All

J.P. Morgan Private Bank has devised a program to detect liquidity deficits, the naming of wrong heirs and other common oversights in estate planning.

YES, VIRGINIA, THERE WERE SOME WINNERS

31 December, 2008 (01:08) | All

While there was no shortage of people for whom 2008 was a terrible year, there were a few who managed to make their mark - in a good way. Meredith Whitney: The Oppenheimer banking analyst was one of Wall Street’s most dour prognosticators…