NYT > Business
Oil refiners have not been able to to raise gasoline prices enough to pass along the full increases in oil, analysts say.
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Oil Refiners See Profits Sink as Consumption Falls
Consumer prices edged up 0.2 percent last month, down from a 0.3 percent rise in March, despite the biggest jump in food prices in 18 years, the government reported.
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Inflation Easing, Despite Food Costs
Income at the consumer electronics giant rebounded as the company was able to hold down chip costs, but was hurt by a drop in the value of its financial holdings.
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Games Unit Helps Sony in Quarter
The provider of financing for residential mortgages made the announcement as it reported a quarterly loss that was not as large as had been expected.
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Freddie Mac Plans to Raise $5.5 Billion
Wall Street advanced as the government’s better-than-expected consumer price report eased investors’ concerns about inflation.
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Stocks Open Higher After Inflation Report
Hewlett-Packard proposes to spend $14 billion to acquire Electronic Data Systems, an underperforming technology services provider.
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Hewlett-Packard Is Facing Skepticism on E.D.S. Deal
Instead of blaming India and others for the rise in food prices, Americans should rethink their energy policy — and stop eating so much, say a growing number of Indians.
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Indians Find U.S. at Fault in Food Cost
A former UBS banker and another man were charged for their alleged role in a tax evasion scheme.
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Ex-Banker From UBS Is Indicted in Tax Case
The European plane maker announced another delay in deliveries of its A380 superjumbo, a report that came as no surprise to a market jaded by overambitious promises from manufacturers.
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Delays Stall Delivery of Airbus A380s Again
Clear Channel agreed to a revised $17.9 billion takeover by two private equity firms after settling a long and often acrimonious dispute with the six banks that agreed to finance the deal.
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Clear Channel Accepts Smaller Takeover Bid
Wal-Mart Stores and the TJX Companies said that sales and profit surged during the first three months of the year as consumers flocked to their discounted merchandise.
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Discounters Fared Well in Quarter
Carl C. Icahn is considering a proxy fight for seats on Yahoo’s board in hopes of pushing the company to restart talks to sell itself to Microsoft.
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Icahn Is Said to Weigh a Proxy Fight at Yahoo
The online classifieds company filed a countersuit against minority owner eBay, accusing it of unfair competition, false advertising, trademark infringement and diluting the value of the Craigslist trademark.
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Craigslist’s Countersuit Criticizes eBay’s Tactics
CBS will try to expand its growing success with comedy in the new lineup of programs that it will introduce on Wednesday to advertisers in New York.
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Advertising: A Second Night for Comedy at CBS
At a time when many developers around the country are being forced to pull in their reins, Larry A. Silverstein has only to look out his windows to see a new real estate empire in the making.
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The Optimistic (and Long) View of Larry A. Silverstein
United States retail sales weakened modestly in April, but outside the auto sector they were more resilient than many economists had forecast.
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April Retail Sales Dipped, but Some Sectors Held Up
Liberty Media and IAC/InterActiveCorp said that they had settled their differences, paving the way for the division of IAC into five companies.
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Liberty Media in Accord With Diller’s Company
Société Générale said quarterly net profit fell 23 percent. But Crédit Agricole said it would seek a $9.1 billion infusion to shore up capital after write-downs at one of its investment banks.
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Relief on Société Générale’s Profit Report
Manhattan landlords and developers are creating new rentable space from top floors once used for storage or equipment, and they are figuring out how to use even small quantities of air rights.
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Quirky Top-Floor Spaces in Demand for Offices
The Federal Reserve’s steps to ease the credit crunch “have contributed to some improvement in financing markets,” the Fed chief said in remarks on Tuesday.
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Financial Markets Calmer, but Still ‘Far From Normal,’ Bernanke Says
Wall Street turned in a mixed performance after a report on retail sales and high oil prices reminded investors that the economy is flagging and costs are rising.
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Stocks & Bonds: ‘A Trendless Market’ Ends the Day Mixed
The celebrity magazine editor Bonnie Fuller is resigning as executive vice president and chief editorial director of American Media, the publisher of the National Enquirer and Star magazines.
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Celebrity Editor to Leave Her Post
Howard Socol helped to restore Barneys luster after the chain slipped into bankruptcy in the 1990s.
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At Barneys, the Chief Is Leaving After 7 Years
Nissan became the latest major Japanese automaker to report booming earnings for the fiscal year that just ended while forecasting a plunge in profit for the current year.
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Nissan Warns Profit Jump Is Fleeting
Despite the strong results, Liz projected weakness in the second quarter because of a calendar shift, disappointing sales trends in its Mexx Europe business and discounting by American retailers.
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Liz Claiborne Beats Wall St. Expectations
Whole Foods Market posted a lower quarterly profit, missing analysts’ estimates by a penny, as it booked charges related to its acquisition of Wild Oats Markets.
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Profit Dips at Whole Foods Market
Preliminary results show home-building revenue of $817.9 million for the second quarter for the luxury home builder amid a week spring selling season.
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Toll Brothers Expects 30% Drop in Revenue
The video game publisher said that its fourth-quarter net loss widened on restructuring charges, though its adjusted revenue beat Wall Street’s expectations.
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Charges Widen Loss at Electronic Arts
EarthLink is pulling the plug on its troubled wireless high-speed Internet network in Philadelphia, once seen as a national model.
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Philadelphia to Lose Its Wi-Fi Network
After years of televising taped versions of “SportsCenter” in the mornings, ESPN announced Tuesday that the studio show would be live starting in August.
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‘SportsCenter’ to Be Shown Live During the Day
After being acquired by Cablevision, Newsday staffers must wonder how a company and a chief executive who have shown hostility to journalism will treat journalists on its payroll.
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Sports Business: Dolan’s Conflict of Coverage
Al Michaels will not spend any of his Thursday nights in November and December working for the NFL Network after all.
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Thursdays Free for Michaels
Westpac Banking said that it would acquire St. George in a deal that will create one of Australia’s largest banks.
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Australian Bank Acquires Rival for $17.5 Billion
On live television, Sue Simmons used an unpublishable word to chide her WNBC-TV co-anchor, Chuck Scarborough.
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When an Anchor Curses on the Air, She Becomes the Night’s Top Story
What are we supposed to make of the latest batch of better-than-expected economic news?
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Economic Scene: Fearing Red Herring in the Data
The Dutch financial services group reported a bigger-than-expected drop in quarterly net profit, hit by weaker returns from real estate, private equity and market investments.
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ING Profit Down 19% Amid Market Turmoil
The company said quarterly profit rose 22 percent as lofty crop prices stoked demand for its farm equipment, but it warned that rising costs could hurt earnings in the coming months.
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Deere Posts Higher Profit, but Warns of Rising Costs
The parent of Airbus reported a net profit in the first quarter of 285 million euros ($440 million), as it increased deliveries and cut costs, helping offset the weaker dollar.
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EADS Returns to Profit as Deliveries Rise
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