Markets Across Asia Tumble

New York Times - Business News - 1 hour 39 min ago
Stock markets plunged in Asia, continuing a downturn that began in Europe and deepened on Wall Street.

Categories: Business

Airlines, Credit-Card Firms Duel for Cash

Wall Street Journal - 6 hours 29 min ago
Financial turmoil is raising the stakes for airlines and credit-card companies as they look to overhaul their co-branding relationships, which are often adversarial but hugely lucrative.

Categories: Business

British Companies Emigrating Over Taxes

New York Times - Business News - 6 hours 34 min ago
In the past week, three British companies have announced plans to move abroad before the end of the year, unhappy about a lack of clarity about tax rules and eager to cut their tax bill.

Categories: Business

LNG Probe Reaches Beyond Nigeria

Wall Street Journal - 6 hours 40 min ago
A former Halliburton executive at the center of a bribery probe into the LNG construction industry had a central role in projects outside Nigeria, court documents show.

Categories: Business

Dell Plans to Sell Factories

Wall Street Journal - 6 hours 41 min ago
Dell has approached contract computer manufacturers with offers to sell its factories world-wide.

Categories: Business

Company to Create Airwaves Exchange

Wall Street Journal - 7 hours 8 min ago
Spectrum Bridge plans to launch an online trading exchange for the nation's radio spectrum on Friday.

Categories: Business

Pimco Names El-Erian Chief

Wall Street Journal - Fri, 09/05/2008 - 4:53am
Pimco named Mohamed El-Erian as sole CEO of the investment firm, which has seen strong returns this year.

Categories: Business

Productivity Is Revised Higher

Wall Street Journal - Fri, 09/05/2008 - 4:49am
Productivity jumped 4.3% in the second quarter, higher than initially estimated, while labor costs fell, reflecting a mix of employment declines and export-generated growth.

Categories: Business

Main Bank of China Is in Need of Capital

New York Times - Business News - Fri, 09/05/2008 - 4:44am
China’s central bank is in a bind, after snapping up roughly $1 trillion worth of Treasury bonds and mortgage-backed debt issued by Fannie Mae and Freddie Mac over the last seven years.

Categories: Business

Boeing, Union Face Two-Day Window

Wall Street Journal - Fri, 09/05/2008 - 4:43am
Boeing and its machinists union returned to the bargaining table with a two-day window to avoid a strike, but face the challenge of overcoming deeply entrenched negotiating positions.

Categories: Business

Severstal Net More Than Doubles

Wall Street Journal - Fri, 09/05/2008 - 4:31am
Severstal's CEO said the company is considering acquisitions in the U.S. and elsewhere, as the Russian steelmaker reported solid second-quarter earnings.

Categories: Business

BP Makes Deep Concessions in Agreement With Russian Partner

New York Times - Business News - Fri, 09/05/2008 - 4:11am
BP agreed to replace the American head of its Russian joint venture and surrender some control on the board to resolve a bitter dispute with its Russian partners.

Categories: Business

Russia’s Oligarchs May Face a Georgian Chill

New York Times - Business News - Fri, 09/05/2008 - 4:09am
Some policy makers are starting to suggest that the best way to influence the Kremlin would be to put more pressure on the Russian business community in Europe.

Categories: Business

Two Banks in Europe Stand Pat on Rates

New York Times - Business News - Fri, 09/05/2008 - 4:02am
Both the European Central Bank and the Bank of England kept their key interest rates unchanged Thursday amid concerns of high inflation and a slowing economy.

Categories: Business

Comcast to Appeal FCC's Decision

Wall Street Journal - Fri, 09/05/2008 - 3:41am
Comcast filed suit against the FCC to overturn the agency's decision to sanction the cable company for blocking certain Internet traffic. Despite the lawsuit, Comcast said it will fully comply with the FCC's order.

Categories: Business

Insurers Violate Marketing Regulations

Wall Street Journal - Fri, 09/05/2008 - 3:28am
Most of the marketing materials that private insurers use for their prescription-drug plans fail to meet all of Medicare's guidelines, federal auditors said.

Categories: Business

Tougher Warnings Ordered on Four Drugs

Wall Street Journal - Fri, 09/05/2008 - 3:24am
The FDA ordered stronger warnings on the labels of four big-selling drugs for arthritis and Crohn's disease to alert patients to the risk of serious fungal infections.

Categories: Business

Starwood, Sands Plan Vegas Venture

Wall Street Journal - Fri, 09/05/2008 - 2:53am
Starwood Hotels' high-end St. Regis brand will make its first appearance on the Las Vegas Strip under a deal in which Starwood will manage a condo development for Las Vegas Sands.

Categories: Business

GE Agrees to Sell Warranty Business

Wall Street Journal - Fri, 09/05/2008 - 2:20am
General Electric agreed to sell its warranty-management-group business to Assurant for $140 million.

Categories: Business

Judge Says Ellison Withheld Emails

Wall Street Journal - Fri, 09/05/2008 - 2:18am
A federal judge ruled Oracle CEO Ellison should have preserved emails and audiotapes related to a shareholder lawsuit against the software company.

Categories: Business
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