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F.D.I.C. Increases Fees to Insure Bank Deposits
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
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
General Electric will cut its dividend to 10 cents a share in the third quarter. The move will save $9 billion a year.
Categories: Business News
Yahoo Teams With Newspapers to Sell Ads
Newspaper owners say that the Yahoo partnership is one of the only bright spots in an otherwise horrible advertising market.
Categories: Business News
Interview: Recession Hits Luxury Spa Business Across Countries
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
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.
Categories: Business News
Business Briefing | Company News: Banks Seized by Regulators, Bringing 2009 Total to 16
Two banks were seized including the Heritage Community Bank of Glenwood, Ill., and Security Savings Bank of Henderson, Nev.
Categories: Business News
News Editors Call Off Convention
Categories: Business News
Two Editors to Share No. 2 Spot at The Associated Press
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
Categories: Business News
Business Briefing | Layoffs: Pilgrim’s Pride Will Idle Plants and Cut 3,000 Jobs
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.
Categories: Business News
Talking Business: Propping Up a House of Cards
A.I.G. has the global financial system by the throat, leaving the government little choice but to throw money at it.
Categories: Business News
Economic Scene: A Bold Plan Sweeps Away Reagan Ideas
The budget proposals seek to reverse the rapid increase in economic inequality over the last 30 years.
Categories: Business News
DealBook: G.E. Cuts Its Quarterly Dividend by 68%
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
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
Lenders Pledge $31 Billion for Eastern and Central Europe
Three global development banks pledge aid in the form of equity and debt finance, credit lines and political risk insurance.
Categories: Business News
DealBook: Blackstone's Losses Grew in 4th Quarter
Declining values at the private equity firm’s portfolio companies and real estate investments took their toll.
Categories: Business News