Business
Updated over 1 year ago
NYT > Business
Sentiment in the markets has improved over the last couple of days after a run of strong economic data from around the world.
Most Asian stock markets climbed Friday as investors took heart from improving U.S. housing and jobs data.
China on Friday offered a rare glimpse into its foreign exchange reserves, confirming that they are overwhelmingly allocated in dollars.
The company, which had committed to setting aside $20 billion for damage claims and penalties, says proposed legislation could disrupt those efforts.
The deal is the largest leveraged buyout of a fast-food chain ever and the second for Burger King in the last eight years.
Thilo Sarrazin, a German banker and former government official who has been criticized as espousing racist views, has sparked new discussion about the country’s immigration policy.
One of the principal owners of the bank predicted a “revolution” in the financial system unless efforts were made to help stabilize the bank.
Prime Minister Vladimir V. Putin announced Thursday that Russia’s ban on grain exports would be extended well into next year because of continued uncertainty over production.
The Federal Reserve chairman also told the financial crises panel that it was impossible for the government to save Lehman Brothers in 2008.
On Nov. 12, the French president, Nicolas Sarkozy, will take over the presidency of the Group of 20, but it may be difficult to initiate ambitious change.
Styria, a province in southeastern Austria, is enjoying an economic boom generated in part by a project by 79 municipalities to promote local, green, self-sustaining businesses.
Royal Bank of Scotland, the bank controlled by the British government, also plans to close 10 offices in Britain to reduce costs.
Retail sales rose 3.3 percent in August, more than forecast. But the results are measured against a weak month a year ago.
For all the turmoil over Toyota's wave of recalls, the world's largest automaker may face a bigger problem: the surging yen.
European companies tend to focus on the dollar exchange rate, but the yen's recent strengthening is playing a role in Germany's export boom as well.
Even with the decline, claims are still at much higher levels than they would be in a healthy economy.
Retailers are reporting monthly sales figures, while data on factory orders and pending home sales will also be released.
The Swedish central bank raised its benchmark interest rate Thursday to help head off inflation as the country’s economy surges.
Virgin Mobile’s MiFi is nearly like the ones offered by Sprint and Verizon but with three exceptions: an unlimited data plan, no contract and a $40-a-month service fee.
Allergan agreed to pay $600 million to settle charges that it illegally promoted and sold Botox for unapproved uses.
A wheel-arch heat shield is too close to an exhaust pipe and causes an adhesive to burst into flame, a Ferrari spokesman said.
Burger King Holdings is in advanced talks to sell itself to 3G Capital, a Brazilian investment firm.
The world’s most-developed economies face record levels of debt as a result of the 2008-9 financial crisis and have little room for maneuver, the I.M.F. warned on Wednesday.
Analysts said the unexpected increase showed that manufacturing activity is outperforming overall economic growth.
Toddlers and even younger children are increasingly being prescribed powerful antipsychotic drugs despite the lack of studies on how such drugs affect a child’s development.
The book business tries to serve two readers, the one who loves the tactile page and the one who loves the digital ease.
Most major automakers reported significantly lower sales last month from August 2009 when “cash for clunkers” caused a surge in demand.
Energy efficiency has taken a back seat in the debate on how to reduce use of fossil fuels, partly because of the difficulty of talking about efficiency concretely.
Advanced talks are reportedly under way with a little-known private investment firm called 3G Capital.
Without federal help, Lehman was not able to wind down operations in an orderly manner, which aggravated the global crisis, the former chief executive said.