News 2008-07-09 Andanh.com

Small Business Is Latest Focus in Health Fight Thu, 10 Jul 2008 03:31:16 GMT
States are taking a variety of approaches to address the growing number of small businesses who are unable to afford to provide health insurance for their employees.

Foreign Investors Pile Up More Pieces of Americana Thu, 10 Jul 2008 03:44:54 GMT
The global commodities boom and the dollar’s decline have unleashed a wave of big money buys of prized American assets by newly flush foreign investors.

Sharp Fall for Stocks Amid Angst in Lending Thu, 10 Jul 2008 03:36:30 GMT
Widespread fear about the health of the mortgage industry took hold Wednesday afternoon, and investors could not shake the jitters.

Pentagon Gives Boeing New Chance at Contract Thu, 10 Jul 2008 03:38:23 GMT
Employees working on a 767. Boeing and its rival for an Air Force contract praised a decision to re-evaluate their bids.

Wachovia Hires a Treasury Insider to Lift It Out of Its Banking Woes Thu, 10 Jul 2008 03:30:12 GMT
Wachovia chose Robert K. Steel after a six-week search.

Using Star Power to Repair Nigeria’s Image Thu, 10 Jul 2008 03:41:59 GMT
Nduka Obaigbena has been labeled a sloganeer as well as a force for good.

Citing Fuel Costs, Northwest Plans to Cut 2,500 Jobs Thu, 10 Jul 2008 03:11:38 GMT
The airline also said it would begin charging $15 for a passenger’s first checked bag and service fees for frequent flier tickets.

Hedge Fund Manager Describes Rock Bottom Thu, 10 Jul 2008 03:40:13 GMT
John Devaney in March, in a Florida home that he has sold.

Drug Industry to Announce Revised Code on Marketing Thu, 10 Jul 2008 03:14:28 GMT
The pens, pads, mugs and other gifts that drug makers have long showered on doctors will be banned from their marketing campaigns under a guideline that the industry is expected to announce Thursday.

Advertising: WPP Group Seeks to Buy Taylor Nelson Sofres Thu, 10 Jul 2008 03:25:47 GMT
The move by WPP pushed GfK, the preferred merger partner of Taylor Nelson Sofres, to scramble to put together a higher bid for the British market research company.

Indian Bank Says It’s Time To Take On Acquisitions Wed, 09 Jul 2008 23:28:22 GMT
ICICI Bank, one of the largest in India, is considering acquisitions to expand outside its home market at a time when many foreign rivals are struggling because of tight credit markets.

Interpublic Shakes Up Media Operations Thu, 10 Jul 2008 03:20:15 GMT
The move is another sign of the growing importance of deciding where marketers place advertising, how much they pay and how they apportion ads between traditional and digital media.

Retail Chain Files for Bankruptcy Protection Thu, 10 Jul 2008 03:19:54 GMT
Shoppers at a Steve & Barry’s in New York. As the retail market has softened, the chain took a risk by lowering its apparel prices.

Dealing With Pangs of Regret After Selling Thu, 10 Jul 2008 03:26:58 GMT
Tova Borgnine said she had to adjust to work within the large corporate bureaucracy at QVC.

The ‘Fake’ Steve Jobs Is Giving Up Parody Blog Thu, 10 Jul 2008 03:09:24 GMT
Daniel Lyons, the former Forbes magazine journalist who wrote the blog The Secret Diary of Steve Jobs for the last two years, is moving on with his professional life and creative pursuits.

Bloomberg L.P. Consolidates in a Revamping of Divisions Thu, 10 Jul 2008 03:09:08 GMT
Bloomberg announced a revamping intended to play up its growing assets in television, radio and Internet content.

Gazprom Offers to Buy All of Libya’s Gas Thu, 10 Jul 2008 03:26:44 GMT
The Russian gas export monopoly Gazprom wants to buy any available natural gas produced by Libya and some of the country’s oil, the top Libyan oil official said.

F.D.A. Revises Its Letter for Nonapproval of Drugs Thu, 10 Jul 2008 03:26:21 GMT
Drug makers whose products are not ready for approval in the U.S. will soon get the word from regulators in a new format intended partly to avoid scaring investors.

Fourth EADS Executive Detained in Trading Inquiry Thu, 10 Jul 2008 02:18:50 GMT
French police on Wednesday detained an executive of EADS, the parent of Airbus, as part of an insider trading probe, according to his attorney.

Verizon to Pay $21 Million to Settle Suit Over Fees Thu, 10 Jul 2008 03:09:21 GMT
Verizon Wireless has agreed to pay $21 million to settle a lawsuit filed by customers in California upset with the company’s early termination fees, a lawyer in the case said Wednesday.

Overwork Cited in Death of Japanese Worker Thu, 10 Jul 2008 00:47:06 GMT
A Japanese labor bureau has ruled that one of Toyota’s top car engineers died from working too many hours.

General Misled Lawmakers on KBR Work, Senator Says Thu, 10 Jul 2008 03:25:43 GMT
A top Democratic senator accused an Army general of misleading Congress about problems with a major defense contractor in Iraq, and said he had asked for an investigation.

David H. Koch to Give $100 Million to Theater Thu, 10 Jul 2008 02:49:59 GMT
The New York State Theater will be named for David H. Koch in honor of his large donation. Mr. Koch, above in the theater, has been called the wealthiest person in New York City.

Sports of The Times: Petty Welcomes Investor Into the Family Business Thu, 10 Jul 2008 03:15:32 GMT
“It’s better to own 30 to 40 percent of something than 100 percent of nothing,” the Nascar fixture Richard Petty said.

State of the Art: For iPhone, the ‘New’ Is Relative Wed, 09 Jul 2008 19:00:16 GMT

Aftra Votes for Deal With Hollywood Producers Wed, 09 Jul 2008 07:26:33 GMT
The American Federation of Television and Radio Artists dealt a blow to the efforts of another actors’ union.

Fox Network Adds Journal Columnist Wed, 09 Jul 2008 03:00:29 GMT
The Wall Street Journal’s personal technology columnist Walt Mossberg will contribute regularly to its corporate sibling the Fox Business Network.

Many Movie Theaters Decide to Leave the Bat Signal on Till Dawn Wed, 09 Jul 2008 17:27:54 GMT
Heads up, Gotham: the Joker (Heath Ledger) approaches.

Bits: Great Photo on Flickr? Getty Images Might Pay You for It Wed, 09 Jul 2008 05:13:09 GMT
In a partnership with Flickr, Getty Images will comb through the photo-sharing site to find images that can be marketed and licensed, sharing the licensing fees with the photographers.

City Room: Abu Dhabi Stake in Chrysler Building Thu, 10 Jul 2008 00:43:10 GMT
The government of Abu Dhabi bought a 75 percent stake in the building for $800 million from a German real estate fund managed by Prudential Real Estate Investors.

World Business Briefing | Asia: Singapore: Applied Materials Plant Wed, 09 Jul 2008 04:26:33 GMT
The microchip equipment maker Applied Materials said it would spend $60 million to $70 million building a plant in Singapore to make semiconductor equipment.

World Business Briefing | Europe: Finland: Economy Grew in April Wed, 09 Jul 2008 04:26:27 GMT
Finland’s national economy expanded at an annual rate of 8.1 percent in April, the fastest pace in almost two years.

World Business Briefing | Australia/new Zealand: Australia: Business Confidence Low Wed, 09 Jul 2008 04:26:21 GMT
Australian business confidence fell in June to its lowest level since the 9/11 attacks in the United States as domestic demand slowed and costs continued to rise.

World Business Briefing | Europe: Switzerland: UBS in Saudi Arabia Wed, 09 Jul 2008 04:26:33 GMT
UBS, the Swiss bank, said Saudi authorities had conditionally approved its plans to operate in the kingdom.

Goldman’s Golden List Grows Again Wed, 09 Jul 2008 23:44:58 +0000
Add Wachovia to the growing catalogue of top financial firms run by Goldman Sachs alumni. The bank’s decision to name Robert K. Steel as its new chief executive puts it in the same company as Merrill Lynch and NYSE Euronext, all of whom took on as leaders men who worked at 85 Broad Street. DealBook has [...]

Wachovia Picks Steel as Its New Chief Executive Wed, 09 Jul 2008 22:20:45 +0000
Updated: Wachovia has announced that it has picked Robert K. Steel as its new chief executive, choosing one of the top government players in the Bear Stearns bailout to help lead the bank out of its mortgage mess. Wachovia also said that it expects to announce a loss of up to $2.8 billion when it unveils [...]

Sun Valley: The Old-Media Death-Watch Continues Wed, 09 Jul 2008 21:09:45 +0000
Internet pioneer Marc Andreessen, who now runs the social networking site Ning, kept up his death watch for old media Wednesday morning. In a morning panel session titled “Looking Around the Corner to the Future” – which, like all meetings here are closed to the press – Mr. Andreessen told the audience, which included many executives [...]

Steve & Barry’s Files for Bankruptcy Wed, 09 Jul 2008 20:10:25 +0000
Steve & Barry’s, the purveyor of ultra-low-cost brands by the likes of Sarah Jessica Parker and Stephon Marbury, filed for Chapter 11 bankruptcy on Wednesday, the latest retailer to fall victim to the slumping economy. In a filing with the United States Bankruptcy Court for the Southern District of New York, the company blamed a lack [...]

Sun Valley: Lights, Camera, Money Wed, 09 Jul 2008 18:11:11 +0000
For years, the Allen & Company media conference in Sun Valley, Ida. was a time for media moguls to kick back, talk with their fellow executives — and maybe even strike a deal. But with the stock markets tanking, the dollar sliding and turmoil the operative description of the day, a pall has set over the [...]

Dimon vs. Schwarzman: The Great Accounting Debate Wed, 09 Jul 2008 17:52:08 +0000
Who knew an accounting rule could create such a divide between Wall Street bigwigs? Twice this week, James Dimon, the head of one of the largest banks in the world, has taken pains to put himself on the opposite side of Stephen Schwarzman, who leads one of the biggest private equity firms, in the debate over [...]

The Real-Life Advertising-Industry Drama Wed, 09 Jul 2008 16:22:32 +0000
As if “Mad Men” weren’t enough, the advertising industry can now entertain itself with the latest episode in what has become an international takeover feud. Not long after WPP Group, a British advertising giant, announced a hostile bid for Taylor Nelson Sofres, also based in the United Kingdom, GfK Group, a rival market research firm [...]

SAC Electricity Traders Said to Leave Hedge Fund Wed, 09 Jul 2008 15:45:42 +0000
SAC Capital Management has turned off the power on its electricity trading operations, as its four-member team has left the giant hedge fund, according to SparkSpread.com. The four traders joined the Greenwich, Conn. fund, run by Steven A. Cohen, two years ago. But Mr. Cohen is trying to return the fund to its equity trading roots [...]

Moving Markets With Rumors: A Response Wed, 09 Jul 2008 15:45:35 +0000
We’re going to take a brief break from mogul coverage in Sun Valley to respond to an outpouring of e-mails and blog posts about my DealBook column on Tuesday about the proliferation of rumor-mongering and its dangerous effects on the market. I argued that there should be a crackdown on market manipulators and said that [...]

Sun Valley Diary: Pictures from a Mogul Caravan Wed, 09 Jul 2008 15:09:30 +0000
In a matter of a few hours, the center of power in the media industry has shifted from Los Angeles and New York to a tony resort town in Idaho. Current and former executives of some of the world’s largest media groups rolled into Sun Valley on Tuesday and Wednesday to attend Allen & Company’s [...]

Dean of Harvard Business School May Join Citigroup’s Board Wed, 09 Jul 2008 04:26:34 GMT
Jay O. Light, an expert in asset and risk management who has led the business school for the last three years, is one of at least three candidates being recruited as directors by the embattled bank.

Ohio Gives Veterans In-State Rates at Public Colleges Wed, 09 Jul 2008 03:59:33 GMT
To attract more veterans, Gov. Ted Strickland of Ohio announced that the state would charge in-state tuition to all veterans attending college on the G.I. bill.

McCain Plan to Aid States on Health Could Be Costly Wed, 09 Jul 2008 17:06:31 GMT
Without Maryland’s high-risk pool “we’d be paying for the medications out of our retirement,” says Richard Logan. Mr. Logan and his wife, Susan, have battled cancer this decade.

As Salmonella Toll Tops 1,000, Peppers Being Eyed Thu, 10 Jul 2008 03:20:23 GMT
More than 1,000 people are confirmed ill from salmonella, a grim milestone that makes this the worst foodborne outbreak in at least a decade.

Abuses Are Found in Online Sales of Medication Wed, 09 Jul 2008 04:00:26 GMT
A majority of Internet sites that advertise or sell controlled medications are offering to supply the drugs without a proper prescription, according to a new study.

Pakistan Is Said to Be Attracting Insurgents Thu, 10 Jul 2008 03:45:05 GMT
An increase in the number of foreign fighters may reflect a change that is making Pakistan’s tribal areas the preferred destination for some Sunni insurgents.

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