NYT Business
Regulators Move to Tighten Oversight of Commodities
The Commodity Futures Trading Commission announced steps including a demand for more information on investors to determine whether they are driving up food prices.
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G.M. Closing 4 Plants in Shift From Trucks Toward Cars
Shifting its focus to smaller cars as consumers abandon trucks in response to high fuel prices, G.M. is closing four truck plants and weighing a sale of Hummer.
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Ford’s U.S. Sales Fell 15% in May
Ford said its car sales were up 3 percent and its pickup and S.U.V. sales dropped 24 percent, part of a larger trend in the industry.
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Fed Chief Signals End to Rate Cuts
The Federal Reserve chairman, Ben S. Bernanke, signaled on Tuesday that further interest rate cuts were unlikely because of concerns about inflation.
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A Loss, but Toll Brothers Tops Expectations
The luxury home builder posted a narrower-than-expected loss of $97. million in the second quarter, hurt by weakened demand amid the nation’s housing slump.
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Factory Orders Rise 1.1% in April
Orders for manufactured goods posted a surprisingly strong increase in April as demand rose across a number of industries.
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China Moves Quickly in Drug Mystery
The deaths of six hospital patients who received a blood-based drug at a hospital in Jiangxi Province has prompted an unusually swift response from authorities.
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U.N. Issues Warning on Food Crisis
Resolving the global food crisis could cost as much as $30 billion a year and wealthier nations are doing little to help the developing world, United Nations officials said.
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Downgrade of 3 Banks Revives Credit Fears
Stocks markets fell on Monday after a trio of Wall Street’s biggest banks were hit with a ratings downgrade, leaving investors worried that additional billion-dollar losses may be in the offing.
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Despite Fire, Universal Studios Is Open
After a weekend fire destroyed part of the lot at Universal Studios, guides on the popular studio tour were working the disaster into their patter.
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Tavern on the Green to Pay $2.2 Million to Settle Harassment Claim
The Equal Employment Opportunity Commission had accused the restaurant of “severe and pervasive” harassment of female, black and Hispanic employees.
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Trade Center to Get Tenant From China
A Chinese real estate company has signed a deal to lease space in the Freedom Tower, making it the first private company to agree to occupy the future skyscraper.
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Following the Money Behind Big Brown
James Tagliaferri’s St. Thomas Island-based asset-management company is the real money behind Big Brown and International Equine Acquisitions Holdings.
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Boutique Bandwagon
A couple of decades after boutique hotels were first launched, the concept has become so successful that hoteliers across the industry are rushing to develop boutique brands.
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H.P. to Put Microsoft’s Live Search in PCs
The agreement, which takes effect next January for new PCs in the United States and Canada, displaces a similar one Hewlett-Packard has with Yahoo.
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Lawsuit Criticizes Yahoo Retention Plan
The lawsuit against Yahoo’s board over its rebuff of Microsoft’s $47.5 billion buyout bid was made public by a judge who said that Yahoo had not shown good reason to keep it confidential.
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No Ruling Means No Change for Fantasy Baseball Leagues
Major League Baseball’s effort to maintain exclusive control of its players’ statistics failed on Monday.
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Mobile and Landline Deals to Update Service in China
China Unicom, a cellphone service provider, agreed to sell a wireless network to the country’s largest fixed-line operator and buy a fixed-line company of its own.
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Brocade Settles Suit Over Timing of Options
The network equipment maker agreed to pay $160 million to resolve a class-action lawsuit over the backdating of stock options, the company said in a statement.
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Sports of The Times: Baseball Follows Selig’s Lead on Cancer
Bud Selig’s bout with skin cancer has led to Major League Baseball’s $10 million donation to an outfit, which will stage an unprecedented collaboration among the major networks for a fund-raiser to battle the disease.
Categories: Frontpage
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