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NY Times - News On Business
Updated: 47 min 46 sec ago
The markets were held back by continuing unrest in Ukraine and a dearth of corporate earnings or data-related incentives.
The companies and their advisers worked through the weekend and are closing in on a deal in which Men’s Wearhouse would acquire Jos. A. Bank for about $65 a share, according to people briefed on the matter.
A team plans to assess 1,500 garment factories by early September; reports on the first 10 factories were released on Tuesday.
The new name, apparently inspired by the address of SAC Capital Advisors in Stamford, Conn. — 72 Cummings Point Road — is intended as a coda to years of insider trading investigations.
Cyprus's auditor general was appointed on Tuesday to head the island's central bank, replacing an academic who quit amid acrimony with the government over a chaotic international bailout last year.
The European Central Bank will review lenders’ assets valued at €3.72 trillion, or about $5.15 trillion, while finance ministers edged closer to setting up a system for shutting down failing banks.
A university study about lying did not investigate the number of lies told by entrepreneurs looking for investment capital, but I fear we would top the chart.
Analysts welcomed the announcements, which signaled progress in a far-ranging plan of overhauls designed to modernize the country’s financial system.
The minimum wage and the earned income tax credit address similar problems differently, and don’t always work smoothly together, an economist writes.
A federal judge in Utah refused to prevent a rival of Myriad Genetics from offering offer a test similar to Myriad’s for two genes tied to breast cancer.
As demand rises again, the big question is whether it will be sufficient to keep all of Europe’s steels mills running.
After years of falling prices and deflation, many Japanese have the mind-set that they need to save, not spend, putting a burden on the economy.
The commonwealth, which is selling $3 billion in bonds on Tuesday, is also raising concern that it may be planning to revamp its existing debt.
Carl C. Icahn, the activist investor, is in a battle with Marc Andreessen, the entrepreneur turned technology investor.
Panicos Demetriades, chief of the Bank of Cyprus, quit amid tensions with the Cypriot government and an investigation into his handling of a bailout last year.
James Cohen, the head of Hudson Media, is accused by Ronald O. Perelman’s daughter, Samantha, of manipulating his father to funnel hundreds of millions of dollars out of her inheritance.
The proposal created political problems for the Obama administration, with some Democrats joining Republicans in denouncing the changes, saying they would harm Medicare beneficiaries.
Procter & Gamble and ConAgra, two consumer-product giants that once battled each other for market share, are combining their ad dollars to advance a good cause.
Congressional hearings will include General Motors, which learned of ignition switch problems in 2004, and federal safety regulators, who received more than 260 complaints.