NYT > Business

American Apparel and Investors in Reported Deal on Retailer’s Future

Wed, 07/09/2014 - 09:01
The company is to remake its board and to keep its manufacturing in the United States.

You’re the Boss Blog: What I Learned From Firing My Employee of 20 Years

Wed, 07/09/2014 - 07:00
The workers, like the owner, come from small, struggling companies where management training and human resources departments are unheard of.

Cooling Inflation Raises Possibility of Stimulus in China

Wed, 07/09/2014 - 06:59
Consumer prices rose more slowly in June, leaving room for new government action.

DealBook: AbbVie Backtracks on Comments in Shire Bid

Wed, 07/09/2014 - 06:16
The American drug maker retracted statements that shareholders of the Irish pharmaceutical company were supportive of its bid, which it has raised to about $51 billion. Shire has rejected AbbVie’s previous offers.

European Companies See Opportunity in the ‘Right to Be Forgotten’

Tue, 07/08/2014 - 23:12
After a court ruling, companies in the business of monitoring and managing online reputations have added a sideline of removing links from searches.

Report Says Debt Settlement Companies May Leave Clients Worse Off

Tue, 07/08/2014 - 22:56
The Center for Responsible Lending says the debts of settlement company clients grow about 20 percent on average, with no guarantee of a settlement.

Big Holder Gives Up Entire Stake in American Apparel

Tue, 07/08/2014 - 22:44
1832 Asset Management sold its 6.6 percent stake in the apparel company, which ousted its founder and chief executive.

DealBook: Citi Is Said to Be Close to Settling Inquiry Into Mortgage Securities

Tue, 07/08/2014 - 22:26
The deal could cost the bank roughly $7 billion, people briefed on the matter said.

Swiss Banks’ Tradition of Secrecy Clashes With Quests Abroad for Disclosure

Tue, 07/08/2014 - 22:26
Laws demanding client confidentiality create a bind for those who cooperate with inquiries into tax evasion.

DealBook: América Móvil to Shed Assets, Loosening Grip

Tue, 07/08/2014 - 21:45
The announcement comes just as Mexican legislators approved new antitrust laws governing Mexico’s telecommunications and broadcasting industries.

For Crumbs, Growth May Have Come Too Fast

Tue, 07/08/2014 - 21:34
Crumbs shut down Monday, a week after Nasdaq suspended trading of the company’s shares because, it said, the retailer did not meet requirements for market capitalization, net profit or shareholder equity.

Business Briefing: Alcoa Reports a Profit as Metals Prices Weaken

Tue, 07/08/2014 - 21:26
The company focused on selling products from its more profitable downstream business, which includes truck wheels and aircraft fuselages.

Business Briefing: Job Ads Rise in U.S., Sign of Stronger Hiring

Tue, 07/08/2014 - 21:24
Employers posted 4.63 million jobs, a 3.8 percent increase from April’s total of 4.46 million. That was the fourth straight strong gain and the highest number since June 2007.

Business Briefing: Despite Tepid Economy, Rolls-Royce Sales Soar

Tue, 07/08/2014 - 21:21
The Britain-based manufacturer said that growth was strongest in Europe, up over 60 percent, while sales rose almost 40 percent in the Asia-Pacific region.

The New Yorker Alters Its Online Strategy

Tue, 07/08/2014 - 21:19
In an overhaul of its website, including a redesign, The New Yorker will introduce a metered paywall.

Citi Is Said to Be Close to Settling Inquiry Into Mortgage Securities

Tue, 07/08/2014 - 21:12
The deal could cost the bank roughly $7 billion to settle, people briefed on the matter said.

Profits Vanish in Venezuela After Currency Devaluation

Tue, 07/08/2014 - 20:45
An overvalued Bolívar meant the country had been a major source of profits for foreign firms, but they evaporated for many with a new exchange rate.

DealBook: Investors Punish Shares of Commerzbank

Tue, 07/08/2014 - 20:41
Even though Commerzbank disclosed four years ago that it was among lenders being investigated for its dealings with Iran and other countries blacklisted by the United States, news of a potential financial hit comes at an inopportune time.

Advertising: Purity Vodka Banks on Some Comic Timing

Tue, 07/08/2014 - 20:23
The vodka brand joins the list of advertisers that are turning to comedians to be the stars of campaigns, hoping that humor helps ads stand out enough to be shared on social media.

DealBook: U.S. Drug Maker AbbVie Increases Bid for Shire, as Cost of Moving Abroad Rises

Tue, 07/08/2014 - 19:51
AbbVie, which is seeking to reincorporate overseas to avoid higher taxes in the United States, is now offering $51.6 billion, about 11 percent more than its previous offer for Shire.