NYT > Business

Financial Frauds: Why Can’t the Banking Industry Solve Its Ethics Problems?

Tue, 07/29/2014 - 14:22
Scandals keep occurring, even after the financial crisis, raising the uncomfortable possibility that the industry is fundamentally flawed.

Bits Blog: The ‘Sharing Economy’ Goes White-Collar

Tue, 07/29/2014 - 13:36
In some ways, the new focus Uber and Airbnb are putting on business professionals is a risky maneuver as regulators have grown increasingly interested in how the services operate.

Ancient Burmese Beauty Balm vs. Modern Cosmetics

Tue, 07/29/2014 - 13:35
Thanakha, a paste long prized in Myanmar for its sunblock and aesthetic qualities, is facing a challenge from multinational cosmetic corporations.

European Officials Approve Tougher Sanctions on Moscow

Tue, 07/29/2014 - 12:44
The move comes after an agreement with the United States to sharply escalate sanctions, but the measures worried some companies that have major investments in Russia.

U.S. Home Prices Rose at Slower Pace in May

Tue, 07/29/2014 - 11:30
A home price index showed a 9.3 percent increase from 12 months earlier, the smallest annual gain since February 2013.

DealBook: Indian E-Commerce Firm Flipkart Raises Eye-Popping $1 Billion

Tue, 07/29/2014 - 10:30
The online marketplace confirmed on Tuesday that it had raised $1 billion in its latest round of fundraising, making it second only to Uber’s $1.2 billion round.

DealBook: UBS and Deutsche Bank Disclose New Inquiries Over ‘Dark Pools’

Tue, 07/29/2014 - 10:06
The latest regulatory inquires come about a month after New York’s attorney general, Eric T. Schneiderman, sued Barclays over its private stock trading platform, known as a dark pool.

Wall Street Markets Edge Higher After Strong Earnings

Tue, 07/29/2014 - 09:56
Data on the housing market came in below expectations, however, tempering enthusiasm.

Survey Finds a Fall in U.S. Home Prices

Tue, 07/29/2014 - 09:12
Single-family home prices in the United States fell in May on a seasonally adjusted basis, falling short of expectations calling for a slight gain, a closely watched survey said on Tuesday.

UPS Slashes Forecast as It Spends to Increase Capacity

Tue, 07/29/2014 - 08:48
United Parcel Service the world’s biggest courier company, slashed its earnings forecast for the year as it spends to raise capacity ahead of the holiday shopping season.

Despite Circulation Gains, Profit Falls 21% at New York Times Co.

Tue, 07/29/2014 - 08:31
Costs for new products and declining print advertising offset rising digital subscriptions and revenue from other sources at the company.

Pfizer Beats Forecasts as Oncology Drugs Grow

Tue, 07/29/2014 - 07:55
Pfizer, which in May officially abandoned its bid to buy British rival AstraZeneca, reported higher-than-expected second-quarter earnings, helped by growing sales of its cancer medicines.

Merck’s Profit More Than Doubles

Tue, 07/29/2014 - 07:31
Merck & Company on Tuesday reported earnings that more than doubled in its second quarter, and topped analysts’ expectations.

DealBook: Klépierre to Buy Dutch Rival in $9.7 Billion Deal

Tue, 07/29/2014 - 07:26
The all-stock deal to acquire Corio would create a combined company that owns shopping centers worth more than $28 billion in 16 countries in Europe, with annual rental income of more than $1.6 billion.

Aetna Profit Rises 2.4%, Beating Estimates

Tue, 07/29/2014 - 07:21
Aetna's second-quarter profit climbed more than 2 percent, as gains from an acquisition helped the health insurer beat analyst expectations and raise its 2014 earnings forecast again.

DealBook: Deutsche Bank Profit Declines as It Sheds Risky Businesses

Tue, 07/29/2014 - 07:13
Deutsche Bank said second-quarter net profit fell 29 percent, to about $320 million, as the bank set aside more money for legal problems.

DealBook: UBS Profit Rises 15% as It Grapples With Legal Matters

Tue, 07/29/2014 - 07:11
UBS reported profit of about $875 million and disclosed that it was responding to inquiries about its private stock market, known as a dark pool, from federal and state authorities in the United States.

You’re the Boss Blog: We’re About to Miss a Deadline. Who’s Responsible for This Mess?

Tue, 07/29/2014 - 07:00
An owner asks himself some uncomfortable questions, including why his workers allowed so much time to pass without alerting him that there was a problem.

White House Report Presses Economic Case for Carbon Rule

Tue, 07/29/2014 - 06:00
Failing to reduce carbon pollution could cost the United States economy $150 billion a year, the Council of Economic Advisers said.

BP Profit Rises, but It Warns of Risks in Russia

Tue, 07/29/2014 - 05:31
Profit in the second quarter rose 65 percent to $3.4 billion on improving output in the United States, but the company said economic sanctions against Russia were a source of concern.