News 2008-05-28 Andanh.com

With Bold Steps, Fed Chief Quiets Some Criticism Wed, 28 May 2008 06:12:38 GMT
After rewriting the rulebook at the Federal Reserve, Ben S. Bernanke appears to have quieted many of his critics.

Justices Say Law Bars Retaliation Over Bias Claims Wed, 28 May 2008 06:12:58 GMT
The Supreme Court adopted a broad interpretation of workers’ rights, ruling that employees are protected from retaliation when they report discrimination.

After Failed Deal, Impasse for United and US Air Wed, 28 May 2008 06:03:46 GMT
Talks between United and US Airways appear to have fallen apart, the second time in a month that United failed to reach a deal with a rival airline.

In Housing, the Strong Turn Weak Wed, 28 May 2008 04:37:35 GMT
The home-buying season is shaping up to be even worse than expected, with prices falling, sales slowing and few signs of a turnaround.

Economic Scene: As Home Prices Drop Low Enough, a Committed Renter Decides to Buy Wed, 28 May 2008 04:35:00 GMT
As housing prices slowly come back to reality, buying has again started to make sense for more people.

Realtors Agree to Stop Blocking Web Listings Wed, 28 May 2008 04:29:18 GMT
The agreement settles a Justice Department lawsuit against real estate agents who were accused of illegally blocking Internet-based brokers from accessing home listings.

The Guessing Game Has Begun on the Next iPhone Wed, 28 May 2008 04:38:24 GMT
Apple faces a new challenge as it prepares to introduce an updated version of the phone next month.

In an Uncertain Market, Hotels May Be Ripe Buys Wed, 28 May 2008 04:49:28 GMT
While the number of hotel deals during the first quarter plummeted by more than 40 percent, some hotel industry experts see fire sales on the horizon.

Chief of Vodafone Unexpectedly Resigns Wed, 28 May 2008 04:40:15 GMT
The company announced the resignation of Arun Sarin, who led Vodafone’s expansion into emerging markets like India, Turkey and the Czech Republic, as it posted a profit for the year.

Advertising: For Coors Light, a Night Out That Begins on MySpace Wed, 28 May 2008 06:00:49 GMT
Coors Light is extending its presence in the new media with efforts on the social networking Web sites Facebook and MySpace.

TiVo Service Will Deliver Selections of TV Critic Wed, 28 May 2008 05:56:55 GMT
Viewers have been reading the recommendations of local TV critics for years. Soon a subset of TiVo users will be able to automatically record a critic’s picks of The Chicago Tribune.

Square Feet: Major San Francisco Development Faces a Ballot Test Wed, 28 May 2008 04:48:44 GMT
A measure asks residents to give the go-ahead to turn 496 acres into a neighborhood of homes, research and office buildings, retail space and a new stadium.

Investors Criticize French Bank Chairman for Loss Wed, 28 May 2008 04:41:46 GMT
At Société Générale’s annual meeting, several investors called for the resignation of the chairman, Daniel Bouton, and accused management of transforming the bank into a casino.

Measure of Consumer Mood Hits 16-Year Low Wed, 28 May 2008 04:40:48 GMT
Soaring gas prices and weakening job prospects left shoppers gloomier about the economy in May, sending a key barometer of consumer sentiment to its lowest level in almost 16 years.

New York Judge Rules Against Dell in Suit Over Marketing Wed, 28 May 2008 04:49:37 GMT
A New York judge concluded that the computer retailer Dell engaged in repeated false and deceptive advertising of its promotional credit financing and warranties.

In Vermont, a Debate Swirls Around an Aging Nuclear Plant Wed, 28 May 2008 04:13:33 GMT
The proposed closing of the plant is bringing into sharp relief a conflict between two objectives long held by environmental advocates: combating nuclear power and stopping global warming.

Borders Reports a Loss, and Its Stock Falls 7% Wed, 28 May 2008 04:49:51 GMT
Borders said its same-store sales fell and its losses narrowed in the first quarter, and Wall Street greeted unveiling of the bookseller’s redesigned Web site with a sell-off.

Stocks & Bonds: Lower Oil Prices Spur Slight Market Gain Wed, 28 May 2008 04:46:20 GMT
Wall Street advanced in uneven trading after a decline in oil prices and an unexpected gain in new-home sales encouraged investors to put money back into the market.

JetBlue Delays Buying 21 Airliners Wed, 28 May 2008 04:13:59 GMT
JetBlue said that it would put off buying 21 new Airbus jetliners that it planned to receive starting next year for four to five years because of rising fuel costs.

Regulator Criticizes Appraisal Agreement Wed, 28 May 2008 04:42:57 GMT
The regulator who oversees national banks is protesting an agreement by Fannie Mae and Freddie Mac to stop buying loans involving lenders’ in-house appraisers.

World Business Briefing | Americas: Canada: Earnings Decline at Two Banks Wed, 28 May 2008 06:01:43 GMT
The Bank of Nova Scotia and the Bank of Montreal both reported lower second-quarter profit and warned that they were increasing provisions for credit losses.

World Business Briefing | Asia: China: Bank of America Raising Its Stake Wed, 28 May 2008 06:02:24 GMT
Bank of America plans to raise its stake in China Construction Bank to nearly 11 percent, by exercising an option it has to buy more common shares of the Beijing-based bank.

World Business Briefing: Brazil: Oil Company Planning to Sell Shares Wed, 28 May 2008 04:44:16 GMT
The Brazilian billionaire Eike Batista, below, is planning a 5.59 billion real ($3.37 billion) initial public offering of OGX Petroleo e Gas Participacoes.

World Business Briefing | Americas: Canada: Hollinger Control of Sun-Times Ends Wed, 28 May 2008 06:03:02 GMT
The Sun-Times Media Group, the newspaper publisher once led by Conrad M. Black, won Canadian court approval of the settlement of a four-year dispute that will end control over the company by Hollinger Inc.

J. R. Simplot, Farmer Who Developed First Frozen French Fries, Dies at 99 Wed, 28 May 2008 05:02:23 GMT
Mr. Simplot fashioned an entrepreneurial career that included developing the first commercial frozen French fry.

Advertising: In Move to Digital TV, Some Will Be Left Behind Tue, 27 May 2008 04:58:31 GMT
Twenty-five million homes have at least one TV set that will go dark when the nation converts to digital television in nine months, and 10 million of those homes are “completely unready” for the switch.

Phone Giant in Germany Stirs a Furor Tue, 27 May 2008 17:35:21 GMT
Deutsche Telekom surreptitiously tracked thousands of phone calls to identify the source of leaks to the news media about its internal affairs.

Third World Telecom Moves to the Front Tue, 27 May 2008 04:40:58 GMT
Companies in emerging markets are on the prowl for investment opportunities in third world telecom companies, a reflection of a new world order in that industry.

Small Businesses on Discount Tue, 27 May 2008 04:41:58 GMT
In tough economic times, the number of small businesses for sale goes up, but so does buyer interest. Still, sales take place at lower prices.

Investors Criticize Société Générale Chief for Losses Tue, 27 May 2008 19:34:06 +0000
They had been saving their anger ever since the trading scandal at the French bank Société Générale broke in January. On Tuesday, shareholders were given their first chance to challenge management on a loss of 4.9 billion euros or $7.1 billion — and there was no more holding back. At the bank’s annual meeting, several investors [...]

Another Bearish Call on Lehman Tue, 27 May 2008 18:50:03 +0000
Lehman Brothers‘ stock has taken it on the nose over the past week, falling more than 14 percent after a new wave of criticism struck the securities firm. What began with David Einhorn, the short-selling hedge fund manager, has now tapered off with more negative analyst reports from the likes of Bank of America, according to [...]

M.B.A’s Still Love Google and Goldman Tue, 27 May 2008 17:48:25 +0000
Business school graduates are getting ready to hit the work force — if they are lucky — and it seems that nearly a quarter of them want to work for Google. For the second year in a row, an annual survey of the most desirable places for an M.B.A. graduate to work, compiled by Fortune.com and [...]

What’s Next for Securitization? Tue, 27 May 2008 17:17:51 +0000
The word “securitization” has taken on a sinister tone since the subprime mortgage debacle poked holes in the balance sheets of some of the world’s biggest banks. But this kind of Wall Street alchemy isn’t going away, an article from the Investment Dealers’ Digest suggests. “Long-term, we’re bullish on securitization,” John Bonfiglio, head of United States [...]

Inside the Candy Factory Tue, 27 May 2008 16:07:04 +0000
Late Friday, Wm. Wrigley Jr. Company filed the preliminary proxy statement for its shareholders to approve Wrigley’s acquisition by Mars. The heart of this document is the background to the transaction section — the company’s disclosure, mandated by the Securities and Exchange Commission, of the events leading up to Wrigley’s agreement to be bought for [...]

Previews of a Potential Cable Deal Tue, 27 May 2008 15:35:31 +0000
Now that Time Warner Cable is to be spun off from parent company Time Warner, questions have emerged about what it will do with its newfound freedom. Richard Greenfield, an analyst at Pali Research, said in a report Tuesday that he thinks it may move to swallow a smaller rival. Among the likeliest takeover candidates, [...]

Axcelis and the Future of Majority Voting Tue, 27 May 2008 13:36:24 +0000
The Friday before Memorial Day is a good day for a company to disclose information that it would otherwise prefer to keep quiet. Most of the press and the investment community is already physically — if not mentally — out of town. So, by the time the markets re-open Tuesday, the news is already stale [...]

The Deals Bear Stearns Didn’t Do Tue, 27 May 2008 13:16:46 +0000
Bear Stearns tried at least six times to raise billions of dollars in the months before its dramatic collapse — and considered selling a stake to Kohlberg Kravis Roberts — but the efforts fizzled each time, according to an article in The Wall Street Journal that recounts the firm’s missed opportunities in that fateful [...]

Rockefellers Seek Change at ExxonMobil Tue, 27 May 2008 12:49:34 +0000
The Rockefeller family built one of the great American fortunes by supplying the nation with oil. Now history has come full circle: some family members say it is time to start moving beyond the oil age. The family members have thrown their support behind a shareholder rebellion that is ruffling feathers at Exxon Mobil, the giant [...]

CSX’s Hedge-Fund Struggle Puts Swaps in Focus Tue, 27 May 2008 12:46:15 +0000
A looming decision in a heated lawsuit brought by railroad giant CSX could shut down a loophole used by activist hedge funds to hide their stake from the market, The New York Post reported. CSX alleges that two big hedge funds — The Children’s Investment Fund, known as TCI, and 3G Capital Partners — used [...]

Chancellor Talks of Cuts for Schools, Amid Hissing Wed, 28 May 2008 05:00:29 GMT
If Schools Chancellor Joel I. Klein were looking for allies in his latest battle with state officials over education funding, he would have found few in the City Council chamber on Tuesday.

Three Remain in Running for Newark Schools Post Wed, 28 May 2008 04:55:00 GMT
After nearly four dozen job applications over the past six months, the search for a new superintendent of New Jersey’s largest school system has been narrowed to three candidates.

2 Colleges End Entrance Exam Requirement Tue, 27 May 2008 04:31:35 GMT
Smith College in Northampton, Mass., and Wake Forest University in Winston-Salem, N.C., will no longer require prospective students to submit SAT or ACT scores.

Women Want to Wrestle; Small Colleges Oblige Tue, 27 May 2008 19:07:23 GMT
Officials at tuition-hungry small colleges say women’s wrestling is an untapped market of prospective students.

Hint of Hope as Child Obesity Rate Hits Plateau Wed, 28 May 2008 05:46:33 GMT
Childhood obesity, on the rise for more than two decades, appears to be holding steady, a new study indicates.

Study Links Caesareans With Births Before Term Wed, 28 May 2008 05:51:32 GMT
Premature single births have been increasing in the United States, mostly among infants delivered by Caesarean section, researchers are reporting.

Pentagon Totals Rise for Stress Disorder Wed, 28 May 2008 05:42:09 GMT
Nearly 40,000 military personnel have been given diagnoses of post-traumatic stress disorder since 2003, Pentagon records show.

Mixed Outcomes in Laparoscopy for Prostates Tue, 27 May 2008 02:29:04 GMT
A new study suggests that laparoscopic surgery for prostate cancer can be better in the short term than the open procedure, but increases the chance for longer term problems.

S.E.C. Backs Health Care Balloting Tue, 27 May 2008 17:38:07 GMT
The Securities and Exchange Commission, shifting its position, has told companies they must allow shareholders to vote on a proposal for universal health insurance coverage.

Well: Taste for Quick Boost Tied to Taste for Risk Tue, 27 May 2008 15:23:06 GMT
Recent studies have linked a taste for energy drinks with risk taking in teenagers and young adults.

Parents’ Grief Turns to Rage at Chinese Officials Wed, 28 May 2008 06:14:45 GMT
Protests by grieving parents are forcing Chinese officials to address a growing political backlash over shoddy construction of public schools.

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