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F.D.I.C. Increases Fees to Insure Bank Deposits

Business news from NYTimes.com - February 27, 2009 - 11:16pm
The agency imposed a one-time $15 billion increase in insurance premiums on the nation’s 8,300 banks.

Categories: Business News

Stressing Long-Term Focus, Blackstone Bounces Back

Business news from NYTimes.com - February 27, 2009 - 11:16pm
The investment firm reported a loss but its message that it was better off than banks may be striking a chord with investors.

Categories: Business News

On the Defensive, G.E. Will Reduce Its Dividend

Business news from NYTimes.com - February 27, 2009 - 11:08pm
General Electric will cut its dividend to 10 cents a share in the third quarter. The move will save $9 billion a year.

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Yahoo Teams With Newspapers to Sell Ads

Business news from NYTimes.com - February 27, 2009 - 11:03pm
Newspaper owners say that the Yahoo partnership is one of the only bright spots in an otherwise horrible advertising market.

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Interview: Recession Hits Luxury Spa Business Across Countries

Business news from NYTimes.com - February 27, 2009 - 11:01pm
Susan Harmsworth, chief of Espa, a luxury spa company with operations in 55 countries, has 20 projects that are on hold.

Categories: Business News

Business Briefing | Company News: Witness in Fraud Case at National Century Sentenced

Business news from NYTimes.com - February 27, 2009 - 10:58pm
A former executive of the health care financing company, who was a crucial witness in a $1.9 billion corporate fraud case, was sentenced to two years in prison.

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Business Briefing | Company News: Banks Seized by Regulators, Bringing 2009 Total to 16

Business news from NYTimes.com - February 27, 2009 - 10:58pm
Two banks were seized including the Heritage Community Bank of Glenwood, Ill., and Security Savings Bank of Henderson, Nev.

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News Editors Call Off Convention

Business news from NYTimes.com - February 27, 2009 - 10:57pm
With newsrooms cutting costs, registrations were sharply down.

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Two Editors to Share No. 2 Spot at The Associated Press

Business news from NYTimes.com - February 27, 2009 - 10:57pm
Mike Oreskes and John Daniszewski will succeed the senior managing editor, Mike Silverman, who is about to retire.

Categories: Business News

Business Briefing | Company News: McDonald’s Ends Sales of Bottled PepsiCo Drinks

Business news from NYTimes.com - February 27, 2009 - 10:51pm
The decision is a victory for the chain’s fountain-drink supplier, the Coca-Cola Company.

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Business Briefing | Layoffs: Pilgrim’s Pride Will Idle Plants and Cut 3,000 Jobs

Business news from NYTimes.com - February 27, 2009 - 10:51pm
The closures, which will reduce the company’s chicken production roughly 10 percent, are intended to save $110 million a year as part of a reorganization.

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Talking Business: Propping Up a House of Cards

Business news from NYTimes.com - February 27, 2009 - 1:22pm
A.I.G. has the global financial system by the throat, leaving the government little choice but to throw money at it.

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Economic Scene: A Bold Plan Sweeps Away Reagan Ideas

Business news from NYTimes.com - February 27, 2009 - 1:20pm
The budget proposals seek to reverse the rapid increase in economic inequality over the last 30 years.

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DealBook: G.E. Cuts Its Quarterly Dividend by 68%

Business news from NYTimes.com - February 27, 2009 - 1:18pm
The dividend cut is aimed at protecting the company’s top AAA credit rating during the severe recession.

Categories: Business News

Shares Move Lower as Day Nears End

Business news from NYTimes.com - February 27, 2009 - 12:56pm
Citigroup’s plan to turn over more of the company to the government and G. E.’s decision to cut its dividend weighed on investors.

Categories: Business News

G.D.P. Revision Suggests a Long, Steep Downfall

Business news from NYTimes.com - February 27, 2009 - 12:34pm
The economy shrank at an annual rate of 6.2 percent last quarter, much more than earlier estimates.

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Lenders Pledge $31 Billion for Eastern and Central Europe

Business news from NYTimes.com - February 27, 2009 - 12:29pm
Three global development banks pledge aid in the form of equity and debt finance, credit lines and political risk insurance.

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DealBook: Blackstone's Losses Grew in 4th Quarter

Business news from NYTimes.com - February 27, 2009 - 12:28pm
Declining values at the private equity firm’s portfolio companies and real estate investments took their toll.

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Google Puts Small Ads on Pages of News Site

Business news from NYTimes.com - February 27, 2009 - 12:25pm
Newspapers, already reeling from advertising revenue losses, are wary of Google’s latest move.

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Off the Charts: All Around the World, Trade Is Shrinking

Business news from NYTimes.com - February 27, 2009 - 11:52am
Nearly every country with published economic data for January experienced a rapid fall in exports.

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