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Author Archives: NY Times Business
Obama Faces Criticism Over Pace of Action on Trade Issues
The question is whether the U.S. is prepared to lead or whether protectionist pressures will make it impossible to engage fully with trading partners.
Posted in Business Tagged English, Protectionism (Trade), United States Politics and Government Leave a comment
Carlos Slim Tops Forbes List of Richest People
The Mexican businessman beat Bill Gates and Warren E. Buffett for the top spot in the 2010 list.
Posted in Business Tagged Bill, Buffett, Carlos, English, Forbes Magazine, Gates, Slim Helu, Warren E Leave a comment
Slim Tops Gates and Buffett as World’s Richest Man
The Mexican billionaire Carlos Slim Helu has taken the top spot in the Forbes annual ranking of the richest billionaires in the world, pushing aside the two perennial leaders, Bill Gates and Warren E. Buffett, even though all three men added greatly to their wealth over the last year.
Posted in Business Tagged Ambani, America Movil, America Movil SAB de CV, America Movil SAB de CV|AMX|NYSE, ArcelorMittal, ArcelorMittal S.A, ArcelorMittal S.A|MT|NYSE, Berkshire Hathaway, Berkshire Hathaway Inc, Berkshire Hathaway Inc|BRK.A|NYSE, Bill, Bill Gates, Bloomberg, Buffett, Carl C, Carl C. Icahn, Carlos, Carlos Slim, English, Executive Compensation, Forbes Rankings, Gates, George, George Soros, High Net Worth Individuals, Icahn, John A, John Paulson, Lakshmi Mittal, Michael Bloomberg, Michael R, Microsoft, Microsoft Corp, Microsoft Corp|MSFT|NASDAQ, Mukesh Ambani, Mukesh D, Paulson, Perelman, Private Equity, Reliance Industries, Ronald O, Ronald O. Perelman, Slim Helu, Soros, Top Headline, Warren E, Warren E. Buffett Leave a comment
Neighbors Oppose Green Label for the Software Mogul Mitch Kapor’s Big House
When the software mogul Mitch Kapor won planning approval for his 10,000-square-foot house in Berkeley, Calif., neighbors were surprised that it will qualify as “green.”
Posted in Business Tagged Energy Efficiency, English, Environment, Housing and Real Estate, Kapor, Mitchell, Sustainable Living Leave a comment
Economic Scene: Wishing for a Health Care Plan That Cuts Costs
President Obama’s health reform plan is a mixed bag for those who care about keeping down medical costs.
Florida Ponders Tax as Tool to Aid Family-Values Films
Some fear a proposed change to a film incentive program would discriminate against productions with gay characters.
Parliamentary Hurdle Could Thwart Latest Health Care Overhaul Strategy
As Democrats considered potential maneuvers, business groups announced plans for a campaign to stop the legislation.
Square Feet: New Airport, Northwest Florida Beaches International, to Open
Backers said Northwest Florida Beaches International would bring new businesses and residents to the Florida Panhandle; critics said it would also bring environmental problems.
Posted in Business Tagged Airports, English, Environment, Florida, Housing and Real Estate, Wetlands Leave a comment
Merck and Sanofi-Aventis Combine Animal Health Units
The combined business would jointly control about 29 percent of the $19 billion-a-year global market for medicines for pets and livestock.
Posted in Business Tagged Acquisitions and Divestitures, Drugs (Pharmaceuticals), English, Mergers, Pfizer Inc, Sanofi-Aventis SA Leave a comment
Lifelock Pays $12 Million to Settle False Advertising Claims
An Arizona company agreed to stop saying that it protected against all types of identity theft and constantly monitored credit reports.
Mexico’s Oil Politics Is Causing Woes
The country, which kicked out oil firms in 1938, now needs assistance to get its oil out of the ground.
After Boom and Bust, Solar Power Has a Place in the Spanish Sun
A national commitment to solar power transformed one community but big subsidies led to unsustainable growth.
Posted in Business Tagged Alternative and Renewable Energy, English, Solar Energy, Spain Leave a comment
Texas Instruments Predicts a Strong Profit
Increasing demand for phone systems and industrial machinery allowed the chip maker to forecast a profit at the high end of estimates.
Brazil Threatens Retaliation in Dispute on Cotton Subsidies
The Brazilian government says it might raise tariffs on some American goods, but adds that the problem could be settled through negotiations.
Deal to Save Everglades May Help Sugar Firm
Florida’s plan to reclaim the wetlands is instead on track to rescue the fortunes of United States Sugar.
U.S. Hopes Exports Will Help Open Closed Societies
The Treasury Department will issue a general license for the export of free personal Internet services and software geared toward Iran, Cuba and Sudan.
Posted in Business Tagged Computers and the Internet, Cuba, English, Irán, Software, Sudan, United States Leave a comment
Miami Board Looks to Close Two Hospitals
At risk of running out of money in May, Miami’s public health care system is also considering laying off 4,487 employees, a third of its work force.
School Is Linked To Visa Fraud
Two Florida women who operated a language school in Miami were charged with immigration violations in connection with fraudulent applications for student visas.
Posted in Business Tagged English, Frauds and Swindling, Immigration and Emigration, Miami (Fla), Visas Leave a comment
The Newest Hybrid Model
A vast project in Florida will be the world’s second-largest solar plant, attached to the nation’s largest fossil-fuel power plant.
F.D.A. Cracks Down on Nestlé and Others Over Health Claims on Labels
Warning letters went out over claims about Gerber baby food, Juicy Juice, Dreyer’s ice cream, POM pomegranate juice and Gorton’s fish fillets.
Toyota Sued Over a Fatal California Lexus Crash
Relatives of a state trooper and his wife, killed in a sudden acceleration case, said defects caused the car to speed out of control and crash.
Justices Reinstate Settlement With Writers
The Supreme Court was unanimous in its decision, which overturned an appeals court ruling that rejected the settlement in a copyright case.
Apple Sues Nexus One Maker HTC
In the lawsuit, Apple said HTC phones running Android violate 20 of its patents, including those relating to the iPhone’s ability to recognize the touch of multiple fingers on its screen at once.
Immigrants Rally for a Nationwide Strike in Italy
In an effort to heighten awareness about the contributions made by foreign workers to the Italian economy, the promoters of the first strike by immigrants in the country invited workers to stay home and to boycott shopping for one day.
Corner Office: Talk to Me. I’ll Turn Off My Phone.
Tachi Yamada, president of the Global Health Program at the Bill & Melinda Gates Foundation, says “every moment counts, and that moment is lost if you’re not in that moment 100 percent.”
Fidelity Fires 2 Managers for Violating Ethics Code
The company said it had discovered a “pattern of behavior,” and the managers were also found to have put “their personal interests ahead of those of the company.”
Posted in Business Tagged Dismissals and Resignations, English, Ethics, Fidelity Investments, Hong Kong, Suspensions Leave a comment
Dispute Shows Argentina’s Lack of Oil Exploration
A diplomatic dispute with Britain may be more about Argentina’s bitterness regarding companies’ wariness about working there.
Health Executive Defends Premiums
The president of WellPoint told a House panel that the increase was justified by soaring costs, and that pending legislation could make the problem worse.
At Closing Plant, Ordeal Included Heart Attacks
A growing body of research suggests job loss can have profound health consequences for workers.
Profit Soars at Washington Post Company
The media company said its cable television and Kaplan education services businesses, which account for nearly three-quarters of the company’s revenue, continued to grow.
Washington Post Co. Quadruples Quarterly Profit
The company’s education division provided most of the lift, although the publishing segment also made money after large cost cuts.
Economic Scene: Big Questions Still Linger on Eve of Health Care Meeting
Thursday’s meeting is mostly for show, but it could affect whether Congress passes a sweeping bill, a small bill or no bill.
Posted in Business Tagged English, Reform and Reorganization, United States Politics and Government Leave a comment
Bloom Energy Claims a New Fuel Cell Technology
On Wednesday, the California start-up will debut its utility, which it says will produce cleaner and cheaper electricity.
Posted in Business Tagged Bloom Energy, Electric Light and Power, English, Natural Gas, Start-ups Leave a comment
Dealbook Column: Duane Reade and Its Road to Health
Duane Reade is as much a story about selling milk and toothpaste at 2 a.m. as it is about Wall Street, financial engineering and shifts in the private equity industry.
Frequent Flier: The Presentation? That Was the Easy Part
Christopher Lee showed his stadium visions to officials in Brazil after an arduous trip tested his patience.
Posted in Business Tagged Airlines and Airplanes, Brazil, Business Travel, Christopher, English, FIFA, Lee Leave a comment
Stocks and Bonds: Wall Street Exchanges Turn Lower in Closing Minutes
A drop in energy shares and concerns over a new health care plan overshadowed renewed confidence in the banking sector
U.S. Offers Solar Project a Crucial Loan Guarantee
BrightSource Energy, backed by Google and other companies, is planning to build a large-scale solar power plant in the California desert.
Posted in Business Tagged BrightSource Energy, California, English, Environment, Solar Energy Leave a comment
New Roles for Two Editors at The Times
Stuart Emmrich, Travel editor at The New York Times, will become Styles editor, succeeding Trip Gabriel, who is returning to reporting on education-related projects.
The Boss: Educator to the World
Luther S. Luedtke leads the Education Development Center, which aims to help solve economic, health and education problems around the globe.
Posted in Business Tagged Colleges and Universities, Education and Schools, English, Labor and Jobs, Luedtke, Luther S. Leave a comment
Prototype: Building a Better Mailbox
Flexibility and persistence helped a California couple create and successfully market their lockable mailboxes.
Steelworkers Say Reactors Will Create Overseas Jobs
The Obama administration says building a nuclear plant in Georgia would create jobs, but steelworkers said the parts would come from foreign manufacturers.
U.S. Asks Justices to Review Tobacco Company Ruling
The Supreme Court was asked to review a 2006 federal fraud racketeering conviction against the tobacco industry.
Generation B: Keeping the Plates Spinning
Many baby boomers are having to adjust to the modern workplace, where employees are consumed with calculating how to do more with less.
Business Briefing | Legal: Regulators Close a Bank in Florida
The shut down of Marco Community Bank brought to 17 the number of failures this year after 140 closures last year.
Mexico Exonerates Suspect in Killing of U.S. Journalist
The man accused of killing Bradley Roland Will in Oaxaca in 2006 was released from jail after a tribunal said there was no evidence against him.
Posted in Business Tagged Bradley Roland, English, Freedom and Human Rights, Murders and Attempted Murders, Oaxaca (Mexico), Will Leave a comment
Google and Mountain View Recast Company-Town Model
A planned development has exposed fissures between Google and the City Council of Mountain View, Calif.
Posted in Business Tagged English, Google Inc|GOOG|NASDAQ, Local Government, Silicon Valley (Calif) Leave a comment
Glaxo Plans to Remove Zinc From Poligrip Denture Adhesive
GlaxoSmithKline said it planned to reformulate the denture adhesive without zinc, because of concerns about health risks.
Bleak Economy Pushing Health Insurers to Raise Rates, Analysts Say
Though health insurers have come under attack by Washington for raising rates, the weak economy and rising cost of medical care may leave them little choice.
Spanish Premier Insists Economic Recovery Is Near
After decades of growth, there is a feeling in Spain that the prime minister is offering little more than palliatives for a brutal national hangover.
Posted in Business Tagged English, European Union, Jose Luis Rodriguez, Spain, Unemployment, zapatero Leave a comment
Devastated by a Blaze, Merchants See New Loss
On 37th Avenue in Queens, a recent fire left a crater of mangled metal and charred brick on a commercial strip that has offered many immigrants a foothold in a new city.
Posted in Business Tagged English, Fires and Firefighters, Immigration and Emigration, Jackson Heights (NYC) Leave a comment
Agreement Near on Regulating Banking Risks
The White House and Senate are nearing agreement on forming a council, led by the Treasury secretary, to identify systemic risk to the financial system.
Tesla Employees Killed in Plane Crash
The plane, a twin-engine Cessna, crashed in foggy weather and set two homes and several vehicles on fire in East Palo Alto, Calif.
Posted in Business Tagged Accidents and Safety, Airlines and Airplanes, California, English, Tesla Motors Leave a comment
Study Finds Public Discontent With Colleges
A majority of people now believe that colleges are more concerned with the budget than with education, a study found.
National Briefing | Southwest: Texas: Dangers of Climate Change Are Questioned
Gov. Rick Perry and other top Texas officials on Tuesday announced a legal challenge to the federal government’s finding that carbon dioxide and other greenhouse gases are dangerous to people.
Toyota to Slow Production at 2 U.S. Plants
The carmaker will idle plants in Kentucky and Texas so it does not build up too much inventory for dealers.
Drug Firms Apply Brand to Generics
Drug makers are pursuing a consumer base in markets like Asia and Latin America, where many pay out of pocket for medicines but often cannot afford expensive brand-name drugs.
Posted in Business Tagged Acquisitions and Divestitures, Drugs (Pharmaceuticals), English, Generic and Brand Name Products, GlaxoSmithKline PLC|GSK|NYSE, Medley Pharmaceuticals, Mergers, Novartis AG|NVS|NYSE, Pfizer Inc|PFE|NYSE, Sanofi-Aventis SA|SNY|NYSE, Trademarks and Trade Names Leave a comment
Mexican Broadcaster Buys 30% Stake in Telecom Unit
Grupo Televisa hopes to add wireless and broadband data services to its existing portfolio of pay TV offerings.
Televisa to Buy 30% Stake in Nextel de México
Grupo Televisa said in a statement on Monday that it has agreed to buy a 30 percent stake in NII Holdings’ Mexican telecom unit for $1.44 billion in cash, giving the Mexican broadcaster a major toehold in wireless services.
Posted in Business Tagged Acquisitions and Divestitures, Cellular Telephones, English, Grupo Televisa SA, Grupo Televisa SA|TV|NYSE, Mergers, Mergers & Acquisitions, México, Nextel Mexico, NII Holdings, NII Holdings Incorporated, NII Holdings Incorporated|NIHD|NASDAQ, Telecommunications, Telephones and Telecommunications, Televisa, Top Headline, Wireless Communications Leave a comment
Contemplating the Future of the European Union
Greece limps. Germany simmers. Britain stands well back. A “United States of Europe” was never going to be easy.
Patient Money: When Children Are Overweight, Changes for the Whole Family
Parents can do a lot to prevent or rectify childhood obesity. It’s a case of home economics: exercise and healthier food are the easiest, cheapest approach.
Posted in Business Tagged Children and Youth, Diet and Nutrition, Eating Disorders, English, Obesity, Parenting, Weight Leave a comment
Western Union to Pay in Border-Crime Deal
The company and Arizona were in a long battle over whether Western Union turned a blind eye to the use of its services in border-related crime.
Advertising: For G.E., a Human Face on Its Role in Health Care
G.E. will spend more than $80 million in the United States this year on the campaign, which will have TV, print and digital components.
Health Reform in Limbo, Top Drug Lobbyist Quits
The head of the drug industry’s lobbying group is leaving after disputes about its backing of health reform legislation.
New Jersey Added to Trial to Cut Health Insurance Paperwork
Doctors and hospitals will be able to check a patient’s private coverage and track claims through a single Web portal.
Posted in Business Tagged Computers and the Internet, Doctors, English, Reform and Reorganization Leave a comment
Healthy Jump in Chinese Exports Points to Recovery in World Trade
China said that its exports climbed 21 percent in January, while imports surged 85.5 percent, the latest sign that world trade is starting to recover.
Ally for the Poor in an Unlikely Corner
Through his work in poor countries, Andrew Witty, chief executive of GlaxoSmithKline, has positioned his company as the leader among drug makers in advancing world health issues.
Immigrants Claim Wal-Mart Fired Them to Provide Jobs for Local Residents
Ten West Africans have filed federal complaints accusing Wal-Mart stores in Colorado of discrimination.
Media Talk: For New and Healthy Recipes, a Magazine Turns to Leftovers
The editor of Health said cost concerns did not drive the decision to recycle recipes from Real Simple.
Posted in Business Tagged Diet and Nutrition, Ellen, English, Kunes, Magazines, News and News Media, Real Simple, Recipes, Time Inc Leave a comment
Moving the Deck Chairs
Joseph Stiglitz has harsh words for President Obama’s approach to the economic crisis.
Posted in Business Tagged Books and Literature, English, Free Markets, Freefall: America, Joseph E, Stiglitz, Subprime Mortgage Crisis Leave a comment
In California, a Rebuke to Toyota
The California State Assembly adopted a “Buy American” policy for all future vehicles bought for its fleet.
Insulin Study Could Lead to New Dosage Devices
A new study points toward a different way of regulating children’s glucose levels by using a continuous glucose monitor instead of the standard diabetes management system.
Posted in Business Tagged Cambridge University, Children and Youth, Diabetes, English, Insulin, Lancet, Pancreas, The (Journal) Leave a comment
Stocks Down on Sovereign Debt Fears
Two of Wall Street’s biggest fears, a deteriorating jobs market and the debt woes of foreign governments, fed anxiety about the health of the global recovery.
Health Official Can’t Guarantee Openness in Talks
Kathleen Sebelius, the secretary of health and human services, said administration officials provided “technical support” to Congress, but did not control the negotiations on the health bill.
Turnaround at U.S. Unit Helps Lift Banco Santander Profits
The biggest Spanish bank said year-end profits were aided by growth in Brazil and Britain as well as its U.S. unit, Sovereign.
Posted in Business Tagged Banco Santander SA, Banks and Banking, Company Reports, English, Spain Leave a comment
Argentine Bank President Is Formally Dismissed
President Cristina Fernández de Kirchner vowed to tap $6.59 billion of the country’s reserves to pay down foreign debt, a demand that the bank president had refused.
Posted in Business Tagged Argentina, Banks and Banking, Cristina Fernandez de, English, Kirchner, Politics and Government Leave a comment
Sports Business: Calculating a Manufacturer’s Debt to Haiti
Two decades after it stopped making baseballs in Haiti, the sporting goods manufacturer Rawlings could help the devastated nation by reopening its assembly plant.
California Sets Up Statewide Network to Monitor Global-Warming Gases
The monitoring system is believed to be the first statewide network and is meant to help the state find specific sources of emissions.
Posted in Business Tagged Air Pollution, California, English, Global Warming, Greenhouse Gas Emissions Leave a comment
Whirlpool 4th-Quarter Profit More Than Doubles
The company said that cost-cutting and big sales gains in Asia and Latin America lifted its fourth-quarter results.
Tax Gain Lifts Profit at D. R. Horton
FORT WORTH, Texas (AP) — D.R. Horton Inc. said Tuesday it posted a profit for the first time since 2007 with a gain of $192 million in the first fiscal quarter.
Europe Looms as Major Battleground for Google
On issues ranging from privacy to copyrights, clashes with European lawmakers, regulators and consumer advocates are escalating.
Data Points to Healthy Growth in Asia, Along With Pitfalls
Reports from China, South Korea and Australia on Monday underscored the Asia-Pacific region’s rebound from the global turmoil of last year but also underlined the policy challenges that lie ahead.
Questions For Joseph Stiglitz: The Outsider
The economist talks about Ben Bernanke, President Obama and his cellphone.
Your Money: The Unloved Annuity Gets a Hug From Obama
With many employers pulling back from traditional pensions, the Obama administration said Americans should consider annuities.
Posted in Business Tagged Annuities, English, Insurance, Pensions and Retirement Plans, Retirement Leave a comment
Ruling Could Halt Nuclear Project
CPS Energy is suing NRG over the terms of their deal to build additional reactors in Texas.
Posted in Business Tagged Energy Department, English, Nuclear Energy, Texas, TOSHIBA CORP Leave a comment
Deep in Debt, Spain Cuts Spending by $70 Billion
The Spanish government said it would cut expenditures by $70 billion to lower its double-digit deficit to 3 percent by 2013.
Posted in Business Tagged English, European Union, Gross Domestic Product, Layoffs and Job Reductions, Spain, Unemployment Leave a comment
Patient Money: Migraines Force Sufferers to Do Their Homework
People with the painful and complicated condition sometimes have to go beyond their primary care doctor and over-the-counter treatments to get relief.
F.D.I.C. Seizes Two Failing Banks in Georgia and One in Florida
Three more banks were seized Friday as regulators continued to close the doors of banks struggling to cope with fallout from the financial crisis.
Tropicana Orange Juice Raising Prices