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Updated: 1 hour 12 min ago

DealBook: Rue21 to Sell Itself to Apax for $1.1 Billion

Thu, 05/23/2013 - 16:32
The leveraged buyout caps the resurgence of rue21, a seller of cheap, trendy clothing for teenagers that had filed for bankruptcy in 2002 and re-emerged the next year. In recent years, its stock has surged.    

Bits Blog: Tax Protest in Britain Focuses on Google

Thu, 05/23/2013 - 16:30
A group of drama students is organizing a Google Free Day, highlighting what they say is the minimal share of its revenue that the search giant pays in taxes.    

Corner Office: Brad Garlinghouse of YouSendIt, on Clear Leadership

Thu, 05/23/2013 - 16:22
The C.E.O. of YouSendIt says leaders must always be clear about where they are taking a company.    

European Parliament Moves to Limit Scope of Eventual U.S. Trade Deal

Thu, 05/23/2013 - 15:34
A resolution, passed Thursday, calls for an exemption for “audiovisual” industries and online media in a free-trade deal now under discussion with the United States.    

High & Low Finance: The Corrosive Effect Of Apple’s Tax Avoidance

Thu, 05/23/2013 - 15:23
In a Senate subcommittee hearing on Apple’s avoidance of paying taxes, John McCain and others tried to point out how unfair the current system was to domestic corporations.    

Long Wait for a Green Card Could Be Ending

Thu, 05/23/2013 - 14:51
Born overseas and educated in the United States, workers in the heart of the tech industry are in a kind of suspension as the Senate considers the immigration bill.    

Bucks Blog: Getting Change Fees Waived for a Canceled Flight

Thu, 05/23/2013 - 14:44
Being polite can help get some airline fees waived.    

Apple-1 Computers Jump in Value at Auctions

Thu, 05/23/2013 - 14:28
Apple-1 computers have sold for hundreds of thousands of dollars in recent auctions, a run-up reflecting the company’s mystique.    

DealBook: In a Plus for Electrics, Tesla Repays a Big Federal Loan Early

Thu, 05/23/2013 - 13:56
The company, using money it raised last week in the markets, is repaying the government nine years before its loan was due.    

Amtrak Extends Contract of Its President

Thu, 05/23/2013 - 13:02
Joseph H. Boardman has led the government-owned railroad corporation to record growth in ridership and revenue since taking over in November 2008.    

DealBook: After a Vote, Dimon Moves to Mend Bank’s Fences

Thu, 05/23/2013 - 12:26
JPMorgan Chase is redoubling its efforts to move beyond a big trading loss following a resounding shareholder endorsement to keep Jamie Dimon as both chairman and chief of the bank.    

Bucks Blog: Mortgage Relief Offered to Oklahoma Tornado Victims

Thu, 05/23/2013 - 11:30
The federal government has imposed a 90-day moratorium on foreclosures of homes with mortgages owned or backed by the Federal Housing Administration in areas devastated by this week’s tornado.    

Jobless Claims Drop More Than Expected

Thu, 05/23/2013 - 11:29
Initial claims for state unemployment benefits dropped 23,000 to a seasonally adjusted 340,000, pushing back below the 350,000 mark that economists associate with a firming job market.    

Global Stocks Slip on Signs of Economic Stress in China and Japan

Thu, 05/23/2013 - 09:01
A stock retreat spread around the world, with European markets down around 2 percent. Wall Street was also down in early trading.    

Ford Plans to Shut Its 2 Plants in Australia

Thu, 05/23/2013 - 08:21
The U.S. automaker's Australian unit will close its engine plant in Geelong and its vehicle assembly plant in Broadmeadows, with the loss of 1,200 jobs.    

Lenovo Says Quarterly Profit Up 90 Percent

Thu, 05/23/2013 - 02:54
The computer maker said it earned $127 million in the quarter as sales of smartphones and mobile computing technology expanded.    

Today's Economists: Marc Jarsulic and Simon Johnson: A Big-Bank Failure Scenario

Thu, 05/23/2013 - 00:01
All the talk of safeguards and international cooperation is likely to prove ineffectual if a huge international bank fails.    

Ford to Close Its 2 Australian Auto Plants

Wed, 05/22/2013 - 23:53
Ford cited a strong currency and high costs for the decision to close its engine plant in Geelong and its vehicle assembly plant in Broadmeadows.    

Washington Memo: Torches and Pitchforks for I.R.S. but Cheers for Apple

Wed, 05/22/2013 - 22:54
While Wednesday’s I.R.S. hearing felt like an unforgiving, angry inquisition, senators seemed halfhearted in their desire to beat up on Apple, which has been accused of dodging taxes.    

Legal Experts Debate U.S. Retailers’ Risks of Signing Bangladesh Accord

Wed, 05/22/2013 - 21:54
The plan to assure safety in factories, forged after a deadly collapse, could put American retailers at risk for litigation, some specialists say.    

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