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Canadian Airline Shuts, Stranding Hundreds of Passengers |
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Hundreds of travelers, including many in Europe, were stranded after Zoom Airlines, based in Ottawa, abruptly stopped operations and sought protection from creditors. |
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Even Toyota Trims Goal in Shift From Big Vehicles |
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The automaker cut its sales forecasts, warning that higher fuel costs and a slowdown in the United States and Europe would probably hold back the auto business at least through 2009. |
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Carmakers Deserve Loan Guarantees, G.M. Official Says |
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General Motor’s vice chairman, Robert A. Lutz, said the car companies need money to retool their plants but probably cannot raise enough capital on their own. |
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To Big Business, the Conventions Mean Opportunity |
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To most people, the sight of tens of thousands people gathering for conventions may look like political events. But to corporate America, they are marketing opportunities. |
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High & Low Finance: Sense and Reality on Energy |
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In 1974, the country had a president who actually wanted to confront the issue of high oil prices and the proposals made then seem highly relevant now. |
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Worker Assets Shrink at Fannie and Freddie |
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The employees of Fannie Mae and Freddie Mac are reeling as the companies lurch toward what could be a bailout. |
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AT&T’s Rivals Are Happy to Attack Over iPhone’s Network Woes |
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The debut of Apple’s iPhone 3G cellphones has been a public relations headache for AT&T, after complaints of dropped calls and poor network connections. |
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For Lehman, More Cuts and Anxiety |
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Lehman Brothers, Wall Street’s most troubled firm, is preparing to lay off up to 1,500 people in its fourth round of cutbacks this year. |
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Dell’s Profit Drop Surprises Investors |
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Dell stunned investors with a 17 percent decline in quarterly profit and a warning that a slowdown in technology spending in the United States had begun to spread to Asia and Europe. |
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As Biomass Power Rises, a Wood-Fired Plant Is Planned in Texas |
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The city of Austin, Tex., approved plans for a huge plant that will burn waste wood to make electricity, the latest sign of rising interest in a long-dormant form of renewable energy. |
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Rival Rejects a New Plan to Purchase Huntsman |
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A proposal by a cadre of Huntsman chemical company shareholders to help close the sale of the company to Hexion Specialty Chemicals was rejected by Hexion. |
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Sears’s Quarterly Profit Falls 62% as Its Struggle Continues |
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The retailer also delivered a downbeat outlook, predicting that its sales and gross profit margins would continue to be pressured amid a difficult economic environment. |
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Results at Novell Are Better Than Expected |
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The business software maker Novell posted a quarterly loss but its results were better than expected, helped by an increase in sales of Linux software. |
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Stocks & Bonds: Reports Bring Optimism to Wall Street |
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Wall Street stocks rose after a better-than-expected reading on the gross domestic product and a decline in jobless claims reassured investors. |
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Profit at Tiffany Doubles on Sales in Asia and Europe |
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The jewelry retailer Tiffany said its quarterly profit doubled, beating Wall Street expectations as sales rose by more than 10 percent in Asia and Europe |
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U.S. Lifts a Policy in Corporate Crime Cases |
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The Justice Department announced that it was backing away from the practice of pressing companies to share secrets with prosecutors and not pay the legal fees of employees accused of crimes. |
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Report Accuses Officials In China of Embezzlement |
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A report from China’s top auditor says that ten central government departments “misused or embezzled” more than $660 million last year. |
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Advertising: Cable, Quietly, Introduces an Anytime Elections Channel |
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The cable industry has introduced an experimental political channel that gives advertisers a uniform way to buy time and measure the number of people watching. |
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Consumer Spending Slowed in July |
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Spending slowed for the second consecutive month and personal income fell as the effect of economic stimulus checks tapered off and inflation lingered, the Commerce Department said. |
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Stocks Lower After Consumer Data |
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Wall Street fell in early trading after the government said personal incomes fell last month by the largest amount in nearly three years while consumer spending slowed. |
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Business News
