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NYT > Business
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| http://www.nytimes.com/pages/business/index.html?partner=rss |
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The chairman of the Senate Banking Committee, hoping to break a logjam on the overhaul of financial regulations, will unveil his proposal on Monday.
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The ban would wipe out one of the most controversial means of awarding no-bid contracts to private firms.
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The administration’s announcement comes as America’s trade deficit narrowed in January, largely because of a drop in spending on oil and cars and a decrease in exports like airplanes.
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The year-on-year rise in February was partly attributable to the Lunar New Year holiday but also to rising inflationary pressures in China’s economy.
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BP is paying Devon Energy $7 billion for oil and gas assets in Brazil, the Gulf of Mexico and Azerbaijan.
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For the second time in two weeks, a general strike closed public services, halting all flights and most transport across the debt-plagued country.
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Despite efforts to get drivers to stop texting and talking on the phone, police and paramedics use an array of dashboard devices, a boon for their jobs that also presents a clear risk.
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HSBC said the theft of Swiss client data at the heart of a recent tax dispute with France was vastly larger than it had previously acknowledged, involving at least 24,000 clients.
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A new report on weekly filings for first-time jobless claims was the latest indication of a slow recovery in the labor market.
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Indexes traded within a narrow range amid concerns of an overheating Chinese economy and after jobless filings in the United States fell less than expected.
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Officials are investigating whether the buyers are funded by China, a historical foe of the island nation.
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The main purpose of the agency, sometimes referred to as the National Institute of Finance, would be to flag problems in the industry before they spread and threaten the wider economy.
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Gary Gensler, head of the Commodity Futures Trading Commission, is the leading contender to oversee the instruments that played a key role in the financial crisis.
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A virtual futures exchange is being assembled to allow people to bet money on a film’s box office success.
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The International Air Transport Association said passenger traffic was increasing due to a stronger-than-expected economic recovery in emerging markets.
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Boeing will now have some welcome certainty about its future as a major builder of military aircraft.
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A report to be released Thursday questions the Bush administration’s decision to rescue “a company that apparently posed no systemic risk to the financial system.”
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Smartphone and laptop batteries may seem like cruel masters when they threaten to lose power, but you have more control than you may think.
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The announcements by Ingersoll-Rand and Royal Dutch Shell come as the U.S. is pressing for new sanctions.
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The Mexican businessman beat Bill Gates and Warren E. Buffett for the top spot in the 2010 list.
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Charles Allen was named executive chairman of EMI Music. He replaces Elio Leoni-Sceti, who is leaving the company.
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Japan’s economy grew less than initially estimated in the fourth quarter, and a measurement of price trends hit a record low, adding to pressure on the Bank of Japan to ease monetary policy.
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Passengers will board from the tarmac at a new no-frills airport north of Tokyo that intends to attract more low-cost airlines to Japan.
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To appease regulators, British Airways, American Airlines and Iberia will cede takeoff and landing spots at airports serving New York and London.
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Ex-Goldman Sachs employees are sharing their ideas about what their old firm can do to help small businesses.
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Bank of China said it wants to issue more shares in Hong Kong soon, an offering that could strengthen its balance sheet by some $7.7 billion.
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With new devices making it easy to stream Internet content to a television, more people are watching cable shows for free.
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Companies like American Greetings are moving beyond texting by offering services that send video messages to cellphones.
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When the software mogul Mitch Kapor won planning approval for his 10,000-square-foot house in Berkeley, Calif., neighbors were surprised that it will qualify as “green.”
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Proceeds from an electric rate increase would be earmarked for renewable energy purchases and programs.
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House Democrats were desperately trying to prevent an ambitious overhaul of student loan programs from becoming a casualty of the health care battle.
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Unemployment rose in 30 states in January, the Labor Department said, which was somewhat better than December, when 43 states reported higher jobless rates.
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A week after announcing its austerity plan, Portugal sold more bonds than initially planned Wednesday, and at a lower borrowing cost.
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Turkey's economy minister said the country no longer needed emergency funds.
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PepsiCo is raising prices on its Tropicana orange juice because of the deep freeze that hurt much of Florida’s citrus crop, the company said Wednesday.
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Wholesale inventories declined 0.2 percent in the first month of the year, as businesses remained cautious about restocking their depleted shelves.
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China Mobile will invest $5.8 billion in Shanghai Pudong Bank and work with it to offer wireless services like mobile bank cards.
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Some economists suggested the robust growth could increase pressure on China to let its currency appreciate against the dollar.
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A retailer that specializes in clothes for teenagers posted a higher quarterly profit on Wednesday and announced it would close its Martin & Osa locations.
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Falling demand for commercial trucks in the United States helped profit fall 93 percent to $17 million from $234 million a year earlier.
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The revelation that Barclays, the British bank, is interested in buying a United States bank suggests it wants to become a familiar face on America’s Main Street, too.
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Finger gestures used on the iPhone can now be used on laptops and full-size computer screens, but the tactile experience isn’t quite the same.
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Bayerische Motoren Werke said sales stabilized in established markets and grew in emerging countries like China and Brazil.
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Meridee A. Moore of Watershed Asset Management, a hedge fund, likes the back-and-forth of working in an open space. Private offices, she says, are lonely.
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