Business News
New Book Details Jobs’s Fight Against Cancer
His early decision to put off surgery and rely instead on fruit juices, acupuncture, herbal remedies and other treatments — some of which he found on the Internet — infuriated and distressed his family, friends and physicians, the book says. From the time of his first diagnosis in October 2003, until he received surgery in [...]
Kodak’s Bet on Its Printers Fails to Quell the Doubters
Antonio M. Perez, Kodak’s chief executive, has poured hundreds of millions of dollars into transforming Kodak into a giant in the inkjet printer business, even as printouts are increasingly being replaced with electronic copies on computers, tablets and smartphones. “You will see that that business is going to be a gorgeous business for this company,” [...]
Kodak’s Bet on Its Printers Fails to Quell the Doubters
Antonio M. Perez, Kodak’s chief executive, has poured hundreds of millions of dollars into transforming Kodak into a giant in the inkjet printer business, even as printouts are increasingly being replaced with electronic copies on computers, tablets and smartphones. “You will see that that business is going to be a gorgeous business for this company,” [...]
Protesters Clash in Athens on Second Day of Strike
Inside Parliament, Prime Minister George A. Papandreou made a last-minute appeal to win over wavering lawmakers to endorse the package. Without its passage, Greece’s foreign lenders have said they will not release the funds, which the debt-ridden country will need to meet expenses. During a heated debate in Parliament, Finance Minister Evangelos Venizelos said that if the new [...]
Citigroup to Pay $285 Million to Settle S.E.C. Complaint
Citigroup on Wednesday agreed to pay $285 million to settle a civil complaint by the Securities and Exchange Commission that it had defrauded investors who bought just such a deal. The transaction involved a $1 billion portfolio of mortgage-related investments, many of which were handpicked for the portfolio by Citigroup without telling investors of its [...]
Listeria Outbreak Traced to Colorado Cantaloupe Packing Shed
Government investigators said that workers had tramped through pools of water where listeria was likely to grow, tracking the deadly bacteria around the shed, which was operated by Jensen Farms, in Granada, Colo. The pathogen was found on a conveyor belt for carrying cantaloupes, a melon drying area and a floor drain, among other places. [...]
U.S. Solar Panel Makers Accuse Chinese of Trade Violations
The trade case, filed at the Commerce Department, seeks tariffs of more than 100 percent of the wholesale import price of solar panels from China. Imports of Chinese solar panels to the United States totaled $1.6 billion in the first eight months of this year. The filing, which the Commerce Department has no choice but [...]
Economic Outlook in U.S. Follows Home Prices Downhill
The Markeys have since patched together a semblance of their old life, opening a new stone-cutting shop. But they do not expect that they will ever recover financially from the loss of equity in their old home. “For two years I kept thinking that things would get better,” Mr. Markey, 51, said as he stood [...]
Airlines Battle Back to Profit, a Fare and a Fee at a Time
After a decade of losing money because of cutthroat competition, slumping traveler demand and volatile fuel prices, the industry has found a way to regain control of its fortunes — and make money — and that is by shelving its 1990s strategy of aggressive growth. Despite the weak economy, most domestic airlines will have their [...]
DealBook: Goldman Sachs Reports $428 Million Loss
Goldman Sachs, weighed down by problems in its private equity portfolio and the broader global economic woes, reported a loss of $428 million, compared with a $1.7 billion profit a year ago. It’s only the second quarterly loss for Goldman since the investment bank went public in 1999. The company reported a loss of 84 [...]
