NYT > Business

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.

Honda's Quarterly Profit Up on Asian Sales Growth

Tue, 07/29/2014 - 03:45
Honda's quarterly profit surged nearly 20 percent on demand for remodeled cars in Japan and elsewhere in Asia. The Japanese automaker also raised its full-year profit and sales forecasts.

Shanghai Court Sets Trial Date for Couple Linked to GlaxoSmithKline

Tue, 07/29/2014 - 02:33
The public trial of a foreign couple linked to GlaxoSmithKline Plc (GSK) is set for Aug. 8, a Shanghai court said on Tuesday.

Everyday Economics: How the Government Exaggerates the Cost of College

Tue, 07/29/2014 - 00:30
The inflation index for college tuition has become notorious. But it reflects sticker prices over the past 20 years, not what families actually pay.

Advertising: A Tourism Campaign Taps Tennessee’s Musical Roots

Mon, 07/28/2014 - 22:58
The goal of the $8 million effort is to accelerate the recent growth in tourism generated in part by Tennessee’s reputation for outstanding music.

DealBook: New Venture Fund Binary Capital Focuses on Mission, Not Just Metrics

Mon, 07/28/2014 - 22:53
Jonathan Teo and Justin Caldbeck, the fund’s investors, believe the best entrepreneurs are driven by a vision, and they look for those hoping to make a global impact.

DealBook: Banks Cash In on Mergers Intended to Elude Taxes

Mon, 07/28/2014 - 22:40
Wall Street banks are estimated to have collected, or will soon collect, nearly $1 billion in fees over the last three years advising and persuading American companies to move the address of their headquarters abroad.

Workout Clothes With High-Tech Twist Sell Briskly

Mon, 07/28/2014 - 22:39
Though clothing sales have been strained in recent years, activewear has become a $33.4 billion business, as popular on the street as it is in the gym.

Chinese Authorities Investigate Pegasus, a Unit of Edelman

Mon, 07/28/2014 - 22:17
Political observers said the move could be linked to a wider inquiry into corruption at the state TV network CCTV, and to the investigation of senior security officials.