Category: All

The Energy Challenge: Energy Goals a Moving Target for States

5 December, 2008 (02:43) | All

States’ struggles to satisfy energy mandates offer lessons for the next administration.

Washington’s New Tack: Helping Homeowners

5 December, 2008 (02:40) | All

The Treasury Department is working on a plan to boost the housing market by subsidizing 30-year home mortgages with rates as low as 4.5 percent.

Embattled, Fund Shifts Cost of Suits to Investors

5 December, 2008 (02:37) | All

If shareholders continue to wage legal battles against the fund and its manager, they risk getting far less back, because more of their money will be used to pay the fund company’s outside lawyers.

High & Low Finance: Trump Sees Act of God in Recession

5 December, 2008 (02:36) | All

Donald Trump has filed a lawsuit maintaining that the current financial crisis provides him with a good reason not to pay $40 million owed to Deutsche Bank.

Factory Orders Fall Sharply; Decline Is Steepest in 8 Years

5 December, 2008 (02:32) | All

The 5.1 percent decline was the third consecutive drop in demand for both durable goods and nondurable goods.

Retail Sales Are Weakest in 35 Years

5 December, 2008 (02:31) | All

Most of the nation’s stores kicked-off the critical holiday shopping season with double-digit sales declines, despite relatively strong sales in the few days after Thanksgiving.

Auto Executives Face a Hard Sell on Capitol Hill

5 December, 2008 (02:20) | All

The Detroit automakers confronted the harsh politics of an economic downturn and the realization that there might not be the votes to save them.

Liechtenstein to Share Some Secrets of Its Bank

5 December, 2008 (02:16) | All

Under increasing scrutiny for its role as a leading offshore tax haven, the country will now in limited circumstances turn over the bank records of American clients suspected of tax evasion.

Merck Offers a Cautious Forecast for 2009

5 December, 2008 (02:10) | All

The company cited a harsh impact from the stronger dollar and continuing sluggish sales of several big medicines.

Loss Narrows at Toll Brothers, but Outlook Is Cloudy

5 December, 2008 (02:10) | All

The largest U.S. luxury home builder wrote down less inventory in the fourth quarter, but dire market conditions kept it from giving any kind of forecast.

U.S. to Auction Slots Soon at New York City Airports

5 December, 2008 (01:55) | All

Airlines, which assert that they own landing slots at Kennedy, La Guardia and Newark Liberty airports, hate the idea of an auction.

S.E.C. Charges a Venture Capitalist With Fraud

5 December, 2008 (01:53) | All

Federal authorities accused William Del Biaggio III of defrauding investors and using the money to buy his $25 million stake in the Nashville Predators hockey team.

Bratz rebuffed, but saga is far from over

5 December, 2008 (01:53) | All

The company that makes the popular doll may appeal, or seek compromise, in its legal battle with Mattel.

Day One: Bratz held hostage.

Energy Sector Suffers as Oil Falls to the Lowest Level in 4 Years

5 December, 2008 (01:51) | All

Oil prices closed down $3 a barrel to $43.67 as the economy slowed and demand eased.

More Financial Jobs Are Cut in Europe

5 December, 2008 (01:47) | All

Investment banks across Europe announced job cuts, including 5,300 at Credit Suisse and 1,200 at Commerzbank.

AT&T to Cut 12,000 Jobs as Landline Losses Grow

5 December, 2008 (01:35) | All

Already struggling with a decline in its wireline telephone service, AT&T said that it would cut about 4 percent of its work force and spend less on equipment in 2009.

3 European Central Banks Cut Rates

5 December, 2008 (01:31) | All

The steep cuts are meant to lower borrowing costs as the global downturn worsens.

Advertising: A Wink to Theatergoers, and Nods to Broadway

5 December, 2008 (01:23) | All

A humorous campaign for the coming “Shrek the Musical” spoofs Broadway musical theater, poking fun at songs and song titles from other musicals.

A.M.D. Expects 25% Slide in Sales

5 December, 2008 (01:20) | All

The chip maker warned that fourth-quarter revenue would be much weaker than expected because of sluggish demand.

Microsoft Names Ex-Yahoo Executive as Internet Unit Chief

5 December, 2008 (01:19) | All

Microsoft named Qi Lu to run its struggling Internet unit on Thursday, filling an important position that had been vacant since the departure of Kevin Johnson in July.

Breakingviews.com: Hedge Funds Need Makeover

5 December, 2008 (01:18) | All

The old hedge fund model has flaws to fix if they are to fight another day.

DuPont Cuts 2,500 Jobs and Warns of 4th-Quarter Loss

5 December, 2008 (01:06) | All

With steep drops in housing construction and auto sales, the company moves to trim $600 million in costs.

Starbucks Issues a Warning on Profit

5 December, 2008 (01:06) | All

The warning came hours after the company’s chief executive tried to assuage concerns about the recession’s effect on the coffee retailer’s sales and profits.

Wal-Mart Is Bright Spot In Retailers’ Deep Slide

5 December, 2008 (01:00) | All

November retail sales reported yesterday reaffirmed that this is the season of Wal-Mart.

Bank of England, European Central Bank Make Aggressive Cuts in Key Interest Rates

5 December, 2008 (01:00) | All

The Bank of England cut interest rates to World War II levels and the European Central Bank made the deepest rate cut in its 10-year history, as Europe’s two main central banks moved yesterday to combat a deepening economic downturn.

Steep Job Cutbacks Add To Bleak Economic Picture

5 December, 2008 (01:00) | All

Need more proof that the recession is real? An onslaught of grim unemployment and layoff reports yesterday should dispel any lingering doubts.

Capital One Awoke To Its Dream Deal

5 December, 2008 (01:00) | All

The vision of buying Chevy Chase Bank came to Richard Fairbank six weeks ago in a dream.

Bernanke Stirs Pot On Home Loan Help

5 December, 2008 (01:00) | All

The government needs to move much more aggressively to help people avoid losing their homes to foreclosure, Federal Reserve Chairman Ben S. Bernanke said yesterday, trying to boost efforts that had stalled in recent weeks.

Stocks Plunge on Layoff News

5 December, 2008 (01:00) | All

Stocks tumbled yesterday, weighed down by a series of layoff announcements from large corporations and continuing signs that the economy’s woes are far from over.

A Bank, and a Banker, Flush With Honor

5 December, 2008 (01:00) | All

With no disrespect meant to Capital One, yesterday’s sale of Chevy Chase Bank was a sad day for Washington and the Washington business community.