News 2008-05-08 Andanh.com

Questions of Rent Tactics by Private Equity Fri, 09 May 2008 02:34:13 GMT
Tenant advocates say they’ve begun to see a pattern of harassment of tenants in rent-controlled apartments. The owners say that they are trying to protect their rights.

Air Travelers Need to Pack More Money Fri, 09 May 2008 02:26:46 GMT
Airlines are passing their financial pain to their passengers in the form of sharply higher airfares and new fees.

G.M. Offers Supplier $200 Million in Bid to End Strike Fri, 09 May 2008 02:05:31 GMT
General Motors made the offer to clinch a speedy resolution of a strike at American Axle that has run for more than two months.

A.I.G. Reports a $7.8 Billion Loss in Quarter Fri, 09 May 2008 02:19:43 GMT
In the worst three months of the company’s 89-year history, American International Group lost $7.81 billion, primarily from bad investments in complex financial instruments.

High Prices for Staple Foods Dip, but Volatile Markets Persist Fri, 09 May 2008 02:32:11 GMT
The prices of rice, wheat, soybeans and several other foods have come down recently, a development that could ease some of the panic in global food markets.

Defying Bush, House Passes Broad Housing Bill Thu, 08 May 2008 23:02:55 GMT
The bill would provide up to $300 billion in insured loans to refinance the mortgages of debt-strapped homeowners.

Banks Fear Demand for Corporate Loans Fri, 09 May 2008 02:05:45 GMT
Banks have promised scores of companies money for a rainy day. Now that day is here — and the banks, hard pressed themselves, are worried they will have to keep their promises.

Facebook Agrees to Devise Tools to Protect Young Users Fri, 09 May 2008 01:57:21 GMT
The company will require users under 18 to confirm they have read Facebook’s safety tips when they sign up; the site will also display a prominent “report abuse” icon.

Months of Talks End in New Contract for ABC’s President Fri, 09 May 2008 01:46:35 GMT
The Walt Disney Company signed the president of ABC, Stephen McPherson, to a new contract, signaling confidence in the maverick executive’s ability to deliver new hits.

advertising: Quirky Restaurant Ads Give Way to Tried and True Fri, 09 May 2008 00:09:21 GMT
Applebee’s and Wendy’s have yanked the rug from quirky new branding symbols and opted for a more recession-proof approach: glamour shots of food.

Retailers’ April Is Mixed, With Discounters Strong Fri, 09 May 2008 02:00:39 GMT
Wal-Mart and Costco reported April sales that rose more than analysts estimated as American consumers sought discounts on clothing and food.

Stocks & Bonds: A Small Rise, Despite the Increasing Oil Prices Fri, 09 May 2008 02:00:30 GMT
Wall Street closed with a moderate advance Thursday, with energy and other commodities companies leading the market as oil prices extended their record-breaking run.

Oil Falls $1 After OPEC Statement Thu, 08 May 2008 20:11:30 GMT
Oil prices fell after OPEC said that supply was sufficient and a shipping source said that Saudi Arabia planned to raise spot market oil exports to the United States this month.

Fall in Figure for Jobless Defies Trend Fri, 09 May 2008 02:00:41 GMT
The number of newly laid-off workers seeking unemployment benefits dropped much more than expected last week, the Labor Department reported.

Cablevision Loss Widens, but Revenue Rises Thu, 08 May 2008 22:40:23 GMT
Cablevision Systems reported a wider first-quarter deficit as losses from derivative contracts outweighed a 10.1 percent gain in revenues.

Unilever Sales Top Forecasts Thu, 08 May 2008 13:07:07 GMT
The food and consumer goods group beat forecasts with a 7.2 percent rise in first-quarter underlying sales.

BlackRock Is Fix-It Firm to Manage Risky Assets of Others in Distress Thu, 08 May 2008 14:06:19 GMT
Under the aegis of the Fed, BlackRock is managing $30 billion of hard-to-sell assets from Bear Stearns. If it fumbles, the Fed, and by extension taxpayers, could lose billions.

A Change in Tone for Ford Shareholders Fri, 09 May 2008 02:05:52 GMT
In stark contrast to last year’s annual meeting, stockholders on Thursday congratulated the company’s executive chairman and gushed about Ford’s promising future.

Toyota Expects Decline in Annual Profit Fri, 09 May 2008 02:05:33 GMT
The drop in annual profit is accelerating a shift by the Toyota Motor Corporation into emerging markets like China, Latin America and the Middle East.

Europeans and British Leave Rates Unchanged Fri, 09 May 2008 02:00:42 GMT
The European Central Bank left its benchmark interest rate unchanged at 4 percent on Thursday, saying that the region’s economy remained resilient despite financial turmoil.

Europe Resists U.S. Push to End Poultry Ban Thu, 08 May 2008 18:19:15 GMT
American pressure for a quick end to a Europe-wide ban on U.S. poultry imports threatened to backfire after European officials contradicted claims that the dispute was almost resolved.

Wachovia Ousts Chief From Chairman Post Fri, 09 May 2008 02:17:52 GMT
Wachovia stripped its chief executive, G. Kennedy Thompson, of his chairman role on Thursday, separating the top management position from the top oversight post.

Warner Music Loss Fri, 09 May 2008 01:58:23 GMT
The Warner Music Group suspended dividends Thursday after reporting that higher costs and a shift to digital music resulted in a wider second-quarter loss.

Wave of Lawsuits Over Losses Could Hit a Wall Thu, 08 May 2008 04:45:37 GMT
Finding someone to sue over losses in the mortgage market and the credit crisis is easy. Winning in court, lawyers say, will be hard.

Oil Giants to Settle Water Suit Thu, 08 May 2008 13:47:51 GMT
A dozen oil companies agreed to pay $423 million in cash plus clean-up costs to settle litigation over groundwater contamination from the gasoline additive, MTBE.

Senate Democrats Seeking a Special Tax on Oil Profits Thu, 08 May 2008 13:52:58 GMT
Senate Democrats called for a temporary special tax on oil companies’ profits and a rollback of $17 billion in oil industry tax breaks as part of an energy package.

A Long List of Big Issues for F.A.A. Thu, 08 May 2008 16:26:10 GMT
The F.A.A. is confronting long-term questions about whether it should act more like a tough regulator, rather than a partner, of the airlines.

Citi to Send a Top Banker to Dubai Thu, 08 May 2008 05:11:01 GMT
Hoping to establish a stronger foothold in the oil-rich region, Citigroup is sending Alberto J. Verme, a co-head of investment banking, to Dubai by the end of the month.

$271 Million for Research on Stem Cells in California Thu, 08 May 2008 05:11:08 GMT
The awards represent the largest chunk of money given at one time by California’s taxpayer-backed stem cell program, which plans to spend about $3 billion over a decade.

Advertising: Your Chance to Finish a Movie Microsoft Started Thu, 08 May 2008 09:42:57 GMT
Microsoft Corporation is underwriting an online movie-making contest to stimulate sales and burnish the reputation of its Windows Vista operating system.

Delta and Northwest Defend a Merger Thu, 08 May 2008 04:56:54 GMT
The chairmen of Delta Air Lines and Northwest Airlines said a merger was essential to preserve jobs and service to small cities, and to compete with foreign-flag carriers.

U.S. Detains Executive, Deepening UBS Inquiry Thu, 08 May 2008 05:24:31 GMT
A UBS executive was briefly detained by U.S. authorities in connection with a widening investigation into the Swiss bank’s work with questionable tax transactions.

Technology Group Plans Wireless Network Thu, 08 May 2008 04:00:38 GMT
A consortium plans to build the first of a new generation of nationwide wireless data networks in a $14.5 billion deal.

TV Guide, Having Just Been Bought, Is Bracing to Be Sold Thu, 08 May 2008 04:53:58 GMT
Another sale would be the fourth change in control during the last decade for TV Guide, which has long been trying to forge a new identity as an entertainment magazine.

As News Corporation Posts Wide Gains, Murdoch Keeps His Sights on Newsday Thu, 08 May 2008 04:53:37 GMT
Rupert Murdoch voiced skepticism that Cablevision can succeed in its bid for Newsday, which is now at the center of a tussle among three New York moguls.

Cablevision Unit Buys Sundance Channel Thu, 08 May 2008 04:52:36 GMT
Rainbow Media, which is buying the channel for $496 million in stock and cash, said it would not combine it with IFC, an independent film channel it introduced in 1994.

NBC Plans 24-Hour News for the New York Region Thu, 08 May 2008 03:51:29 GMT
The new channel will de-emphasize the identity of NBC’s flagship station, WNBC, Channel 4, rechristening it a “content center” and making it one part of a larger media presence.

MTV Plans to Increase Its Blending of Ads and Shows Thu, 08 May 2008 05:17:23 GMT
In this year’s annual round of network pitches to advertisers, MTV Networks plans to sell not only the appeal of its programs but of its commercials as well.

Productivity Increases as Debts Accumulate Thu, 08 May 2008 05:04:14 GMT
Worker productivity rose by a better-than-expected amount in the first quarter; meanwhile, consumer borrowing rose in March at the fastest pace this year.

Airbus Suffers Setback to Recovery Plans Thu, 08 May 2008 03:29:38 GMT
The airplane manufacturer said that tighter credit and the weakening dollar had forced it to break off talks with a second supplier over the sale of several European factories.

Stocks & Bonds: A Plunge Disrupts the Recent Calm Thu, 08 May 2008 05:18:47 GMT
The stock drop coincided with a speech by the chairman of the S.E.C., Christopher Cox, who called for more stringent federal oversight of investment banks.

General Dynamics Post Thu, 08 May 2008 05:08:52 GMT
General Dynamics said that the head of the power company Dominion Virginia Power will succeed its current chief executive, Nicholas D. Chabraja, in 2009.

Moody’s President Will Step Down at End of July Thu, 08 May 2008 04:59:09 GMT
Brian Clarkson will retire as president and chief operating officer of Moody’s Investors Service and leave the firm at the end of July, the company said.

Posting Loss, Marsh Will Cut Staff Thu, 08 May 2008 05:02:52 GMT
Marsh’s quarterly net loss was $210 million, or 40 cents a share, in contrast to a profit of $268 million, or 47 cents, a year earlier.

New Protections for Airline Passengers Thu, 08 May 2008 05:09:52 GMT
Regulators want to expand protections for passengers with disabilities to cover international flights by American carriers and make it easier for travelers to use oxygen equipment.

Claude Rosenberg, Advocate for Philanthropy, Is Dead at 80 Thu, 08 May 2008 14:41:34 GMT
Mr. Rosenberg developed a model that estimated that if people gave what they could afford, we would increase charitable giving in the U.S. by $100 billion a year.

High & Low Finance: A Little Pity, Please, for Lenders Fri, 09 May 2008 02:23:25 GMT
A G.M.A.C. subsidiary that was a leader in creative mortgages can’t pay its own debts, so it is demanding a privilege that it won’t grant its borrowers.

Nasdaq Profit Surges on Boost From Buyout Thu, 08 May 2008 16:00:24 GMT
Nasdaq OMX Group said that first-quarter profit rose to $121.4 million, from $18.3 million a year earlier, in its first combined reporting period that included Sweden’s OMX exchange.

El Paso Posts Higher Earnings and Sees Strong Year Thu, 08 May 2008 16:19:20 GMT
The natural gas producer and pipeline company posted a higher first-quarter operating profit and said it expects full-year earnings to be sharply higher than forecast on stronger oil and gas prices.

Dynegy Swings to Loss as Energy Prices Surge Thu, 08 May 2008 15:04:31 GMT
The Houston-based power provider said it lost $152 million in the first quarter as market prices for power surged, causing accounting losses on some forward sales.

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