Financial News from New York Times

  • Steve Jobs’s Widow Debuts on Philanthropic Stage New York Times - Fri 17 May, 2013 10:18 AM IST
    Powell Jobs, founder and chair of Emerson Collective, takes part in a panel discussion titled "Immigration Strategy for the Borderless Economy" at the Milken Institute Global Conference in Beverly Hills, California

    Laurene Powell Jobs has tiptoed into the public sphere, pushing her agenda in education as well as global conservation, nutrition and immigration policy.

  • Aiming for the Top, Again New York Times - Fri 17 May, 2013 6:32 AM IST

    Fred Eckert was once a star investor, but by 2011, he was bankrupt, divorced and had spent two months in a coma.

  • New Jersey Hospital Is the Costliest in the Nation New York Times - Fri 17 May, 2013 4:15 AM IST
    Bayonne Medical Center

    The Bayonne Medical Center charged Medicare the highest amounts for about a quarter of the most common treatments, a Times analysis of 2011 data shows.

  • Buying a House When Inventory Is Tight New York Times - Thu 16 May, 2013 9:34 PM IST

    How home buyers can make their offers more attractive in markets with relatively tight inventories of homes for sale.

  • JPMorgan Voters Are Denied Access to Results New York Times - Thu 16 May, 2013 6:30 AM IST

    In the midst of a closely watched investor vote — over whether to separate the roles of chairman and chief executive at JPMorgan Chase — the firm providing tabulations of the vote stopped giving voting ...

  • Tesla Motors’ Bid for Cash May Also Fuel Critics New York Times - Thu 16 May, 2013 5:55 AM IST
    Why Elon Musk Broke Up with Mark Zuckerberg's PAC

    Tesla Motors on Wednesday announced plans to tap the markets for more cash, a move that will buy it precious time to meet its ambitious goals but will also fuel debate over its prospects.

  • Big Banks Get Break in Rules to Limit Risks New York Times - Thu 16 May, 2013 2:27 AM IST

    Lobbyists for the nation’s biggest banks have persuaded federal regulators to soften a proposed Dodd-Frank rule, a move that is expected to protect Wall Street’s control over the $700 trillion derivatives ...

  • A man reads the bible from an iPad mini at the "Christ is the Answer International Ministries" group's camp near Florence

    According to the Justice Department, Apple took a leadership role in a price-fixing conspiracy in the market for e-books.

  • Uninvited Guest Gives Japan’s Business Culture a Jolt New York Times - Wed 15 May, 2013 6:47 AM IST

    Japan has traditionally been hostile to Western investors. How the country and Sony react to demands from Daniel Loeb could test the country’s commitment to welcoming foreign investment and, more important, ...

  • In Role Reversal, Goldman Chief Advises Dimon New York Times - Wed 15 May, 2013 6:44 AM IST

    It is now Jamie Dimon, not Lloyd Blankfein, who is caught in a harsh public spotlight, seemingly at odds with regulators.

  • Sony Meets Outspoken Activist Investor, but Courtesy Reigns New York Times - Wed 15 May, 2013 6:35 AM IST
    A man walks past Sony' logo in front of an electronic shop in Tokyo

    Daniel S, Loeb, often caustic dealing with others, had a polite meeting in Tokyo with executives of Sony, where he is trying to engineer a major shake-up.

  • For Insurers, No Doubts on Climate Change New York Times - Wed 15 May, 2013 5:44 AM IST

    A new institute, financed by the insurance industry, not only believes in global warming but also supports a carbon tax to combat it.

  • As Firms Line Up on Factories, Wal-Mart Plans Solo Effort New York Times - Tue 14 May, 2013 11:28 PM IST
    The clothing tag on a pair of jeans by Wal-Mart's brand Faded Glory, which is made in Bangladesh, is shown in California

    Wal-Mart, rejecting a safety plan backed by more than a dozen European companies, said its monitors would “conduct in-depth safety inspections” at all factories it uses in Bangladesh.

  • American Investor Targets Sony for a Breakup New York Times - Tue 14 May, 2013 11:45 AM IST
    File photo of Loeb, founder of Third Point hedge fund, participates in a panel discussion in Las Vegas

    The hedge fund manager Daniel S. Loeb, known for starting big fights like the one that led to the ouster of Yahoo’s former chief executive, is pressing Sony to spin off part of its entertainment arm.

  • Making a Case for One Leader at JPMorgan New York Times - Tue 14 May, 2013 6:34 AM IST

    It may not be popular to say, but the incontrovertible fact remains that JPMorgan has remained one of the best-performing banks on Wall Street under Jamie Dimon.

  • Grind of Euro Crisis Wears Down Support for Union, Poll Find … New York Times - Tue 14 May, 2013 3:48 AM IST

    A survey by the Pew Research Center suggests the European Union may struggle to take the steps needed to make it viable over the long term.

  • Congress’s Role in the I.R.S. Focus on Conservative Groups New York Times - Tue 14 May, 2013 3:43 AM IST

    The I.R.S. is designed to enforce the tax code. Under current law, however, it has little choice but to exercise discretion in the constitutionally dangerous waters of campaign finance.

  • Cyprus Gets First Installment of Bailout Funds New York Times - Mon 13 May, 2013 10:28 PM IST

    The $2.6-billion installment will shore up the Cypriot economy after the near-collapse of the country’s banking sector.

  • Bloomberg Admits Terminal Snooping New York Times - Mon 13 May, 2013 9:31 AM IST
    Why Billions Are at Stake in the Bloomberg Terminal Privacy Problem

    Reporters at Bloomberg News were told to use the terminals to get an edge in the competitive world of financial journalism, more than half a dozen former employees said.

  • As TV Ratings and Profits Fall, Networks Face a Cliffhanger New York Times - Mon 13 May, 2013 7:05 AM IST

    The broadcast networks are preparing to unveil new fall lineups for an audience that is shrinking rapidly, lured away by new rivals on all sides.

  • Chinese Creating New Auto Niche Within Detroit New York Times - Mon 13 May, 2013 6:53 AM IST
    A worker walks past a lighted signage of the SAIC before the opening of the Shanghai International Automobile Industry Exhibition in Shanghai

    Dozens of companies from China are quietly planting roots in Detroit, investing in American businesses and new vehicle technology in what is seen as a first step toward the sale of Chinese cars in the ...

  • Big Vote on Dimon May Hinge on Views on JPMorgan’s Top Direc … New York Times - Mon 13 May, 2013 5:02 AM IST

    A shareholder vote on whether to split Jamie Dimon’s roles as chief executive and chairman could turn on whether the board’s lead director, Lee Raymond, is seen as strong enough to stand up to Mr. Dimon....

  • The Long Shadow of Bad Credit in a Job Search New York Times - Sun 12 May, 2013 12:21 AM IST
    Job Openings

    Many companies, especially some retailers, use an applicant’s credit report in making hiring decisions.

  • Student-Loan Debt Weighing Down Younger Workers New York Times - Fri 10 May, 2013 9:07 PM IST

    The anemic economy has left millions struggling to get ahead. Student-loan debt is making it even harder for many of them, and they are delaying purchases of things like homes and cars.

  • The Problem Social Media Cannot Solve New York Times - Fri 10 May, 2013 4:30 PM IST
    Certificates. Facebook fa shopping

    In the end, it all comes down to your Web site. Here are some tips on how to hire a developer.

  • Icahn and Southeastern Ready Rival Bid for Dell New York Times - Fri 10 May, 2013 9:19 AM IST
    Investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference, held at the New York Stock Exchange

    The billionaire Carl C. Icahn and Southeastern Asset Management, two of Dell Inc.’s biggest shareholders, seek to offer an alternative to a $24.4 billion takeover that they have criticized as “the great ...

  • California Sues JPMorgan Chase Over Credit Card Cases New York Times - Fri 10 May, 2013 2:03 AM IST

    California’s top law enforcement official accused JPMorgan Chase on Thursday of flooding the state’s courts with questionable lawsuits to collect a glut of overdue credit card debt.

  • Challenge to Dogma on Owning a Home New York Times - Thu 9 May, 2013 11:59 PM IST

    The benefits of homeownership are cited repeatedly in justifying the tax breaks given to home buyers. But a study has tied homeownership with rising levels of unemployment.

  • Falcone Is Said to Settle With the S.E.C. New York Times - Thu 9 May, 2013 7:19 PM IST

    Under the proposed deal, the hedge fund manager Philip A. Falcone has agreed to at least a two-year ban from raising new capital, and he and his fund will pay a fine of $18 million.

  • Hedge Fund Impresario Plays Host in Las Vegas New York Times - Thu 9 May, 2013 6:14 AM IST
    Anthony Scaramucci, co-managing partner of investment firm SkyBridge Capital, talks to a reporter at the annual Skybridge Alternatives Conference in Las Vegas

    In an industry known for reclusive traders and math geeks, Wall Street’s Anthony Scaramucci is a P. T. Barnum in a Ferragamo tie.

  • Einhorn Is Beaten to the Punch New York Times - Thu 9 May, 2013 5:37 AM IST
    David Einhorn, President of Greenlight Capital, speaks at 6th Annual New York Value Investing Congress in New York City

    Just days before David Einhorn was to present his latest investment idea, another hedge fund manager stole his thunder.

  • Housing Up, Freddie Mac Posts Profit New York Times - Thu 9 May, 2013 4:59 AM IST

    The bailed-out mortgage finance company will turn over a $7 billion dividend to the federal government next month.

  • More Errors in Checks Meant to Aid Homeowners New York Times - Thu 9 May, 2013 1:05 AM IST

    Almost 100,000 homeowners got checks for less than they were owed under the settlement with the nation’s biggest banks.

  • Some Retailers Say More About Their Clothing’s Origins New York Times - Wed 8 May, 2013 10:26 PM IST
    Michael Preysman

    With fair-trade coffee and organic fruit now prolific, consumers concerned with working conditions and environmental issues are demanding more disclosure about what they wear.

  • Toyota Profit Increases Sharply New York Times - Wed 8 May, 2013 12:39 PM IST

    The Japanese carmaker benefited from a weak yen and improving sales in the United States, with net income in the year to March more than tripling from the previous year.

  • Hospital Billing Varies Wildly, Government Data Shows New York Times - Wed 8 May, 2013 9:31 AM IST
    medicare

    Data being released for the first time shows that hospitals charge Medicare vastly differing amounts for the same procedure, often far above what the program typically reimburses.

  • After Bumpy Start, Microsoft Rethinks Windows 8 New York Times - Tue 7 May, 2013 11:43 AM IST

    In a recent interview, Tami Reller, the chief marketing officer and chief financial officer of the Windows division, revealed that a coming update to Windows 8, code-named Windows Blue, will be released ...

  • For Buffett, the Past Isn’t Always Prologue New York Times - Tue 7 May, 2013 6:53 AM IST

    An investor invoked a Warren Buffett predecessor when he questioned the Berkshire Hathaway chief about the company’s future.

  • Google Glass Picks Up Early Signal: Keep Out New York Times - Tue 7 May, 2013 6:36 AM IST
    Google founder Sergey Brin poses for a portrait wearing Google Glass glasses before the Diane von Furstenberg Spring/Summer 2013 collection show during New York Fashion Week

    The wearable computer is prompting questions of whether it will distract drivers, upend relationships and strip people of what little privacy they still have in public.

  • 2 Big Banks Face Suits In Mortgage Pact Abuses New York Times - Mon 6 May, 2013 7:01 PM IST

    Eric T. Schneiderman, New York’s top prosecutor, is poised to sue the two banks over claims they violated terms of a $26 billion national mortgage settlement.

  • E.U. Rules Against Patent Play by Google’s Motorola Unit New York Times - Mon 6 May, 2013 4:06 PM IST

    The European Union on Monday made a preliminary antitrust finding against Motorola Mobility, saying it had abused its dominance in wireless patents by seeking an injunction against Apple in Germany.

  • For Media Moguls, Paydays That Stand Out New York Times - Mon 6 May, 2013 6:17 AM IST
    Simon Wiesenthal Center's Annual National Tribute Dinner - Inside

    Leaders in other industries may be well paid, but they earn far less than their media counterparts.

  • An End to Scrounging for Plus-Size Clothing New York Times - Mon 6 May, 2013 5:48 AM IST
    Destination XL ad

    A new commercial from Destination XL takes an unusual approach of featuring chubby men.

  • Buyout Consortium Said Near a Deal for BMC New York Times - Mon 6 May, 2013 5:37 AM IST

    A group of private equity firms led by Bain Capital and Golden Gate Capital is near a deal to buy BMC Software, people briefed on the matter said on Sunday.

  • A Call for New Blood on the JPMorgan Board New York Times - Mon 6 May, 2013 4:57 AM IST

    Institutional Shareholder Services says three directors on the risk policy committee lack risk management backgrounds.

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