Tuesday, April 26, 2011

Business

Preserving a Market Symbol

The New York Stock Exchange, which has a 74-foot ceiling and Georgia marble walls, would remain open, bidders say.
Henny Ray Abrams/Associated Press

The New York Stock Exchange, which has a 74-foot ceiling and Georgia marble walls, would remain open, bidders say.

As a fight for ownership of the New York Stock Exchange continues, both bidders have pledged to preserve the 219-year-old capitalist symbol.

Euro Zone 2010 Deficit Down but Greece and Portugal Up

BRUSSELS — The euro zone's overall budget gap fell last year but deficits in Greece and Portugal were higher than expected, underlining the challenges presented by their austerity programs.

Earnings Push U.S. Shares Higher

The latest round of strong quarterly results were led by Ford and 3M. In Europe, traders shrugged off the latest bad budget news from Greece.

Smaller Cars Lift Ford’s Profit to $2.55 Billion

DEARBORN, Mich. — It was Ford’s best first quarter since 1998, despite a shift to smaller cars, which usually result in lower profits.

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U.S. Home Prices Fell Again in February

The decline leaves housing prices on the verge of a new low for a real estate downturn that seems to have no end.

DealBook

Lactalis Bids $4.95 Billion for Rest of Parmalat

The deal would create the largest dairy company in the world.

DealBook

Net Inflows Help UBS Beat Expectations

UBS on Tuesday reported strong growth in its core wealth management business, a development it described as "a sign of client confidence" in the bank.

DealBook

Minmetals Withdraws Equinox Bid After Barrick Offer

The Chinese mining company Minmetals Resources said on Tuesday that it had dropped its unsolicited bid for Equinox Minerals after being outbid by Barrick Gold.

Bank Warns of Effects of Rising Food Prices on Asia

BANGKOK — Sharp rises in food prices are a threat to economic growth in Asia and could push millions of people back into extreme poverty, the Asian Development Bank said.

Miharu Journal

Japan’s Cherry Blossoms Bloom, but Nuclear Fears Keep Tourists Away

MIHARU, Japan — Cherry blossom season reaches its peak this week along the Tohoku coast, but the recent disasters have quelled the normally robust tourist trade.

Chinese State Media, in a Show of Openness, Print Jet Photos

BEIJING — The photographs suggest that the People’s Liberation Army, long notoriously secretive, is lifting some veils.

Turkey Spends Freely Again, and Some Analysts Worry

ISTANBUL — The country’s economy, which crashed in 1994 and 2001 and was set back by the global financial crisis, is showing signs of overheating, fueled by consumer spending.

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Apple and Google Use Phone Data to Map the World

SAN FRANCISCO — Apple and Google use data about users’ locations to better pinpoint specific spots, which could lead to lucrative advertising.

Sony Introduces Its First Tablet Computers

TOKYO — The tablets, called S1 and S2, will use the Android 3.0 operating system and will be compatible with 3G and 4G networks.

DealBook

Jury Deliberation Begins on Fate of Galleon Chief

After nearly four hours of deliberation, the jurors in the insider trading trial of Raj Rajaratnam retired for the day. They will resume on Tuesday morning.

DealBook

HSBC Drops Out of Retail Banking in Russia

HSBC joins Barclays of Britain and Banco Santander of Spain in either closing retail branches in Russia or scaling back plans to open them.

Google, a Giant in Mobile Search, Seeks New Ways to Make It Pay

MOUNTAIN VIEW, Calif. — The search giant is throwing its power and data at problems specific to mobile phones, like translating phone calls on the fly.

One Size Fits Nobody: Seeking a Steady 4 or a 10

With no standard sizes for women’s clothing from one store to the next, a handful of companies are tackling the problem of finding the right fit.

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U.S. Networks Add Britons to Royal Wedding Coverage

Since every network will share the same camera feeds of the royal wedding on Friday, competition has been fierce for on-air talent to make coverage stand out.

A Fight Over How Drugs Are Pitched

Marketing to doctors using prescription records bearing their names is an increasingly contentious practice, with three states enacting laws to limit the uses of the records for marketing.

The Travel Channel Invests $7.5 Million in Oyster.com

Buying a stake in a start-up that reviews hotels and gets part of the room reservations it helps to make will allow the Travel Channel to profit from the trips it inspires.

Scuffle Over On-Demand Movies Portends Battles to Come

LOS ANGELES — The difficulties facing the movie industry are likely to become tougher as it enters a digital future that is only beginning to unfold.

Filtering the Social Web to Present News Items

SAN FRANCISCO — Storify aims to help journalists and others sift through the explosion of online content and publish the most relevant information.

Today's Columnists
DealBook

The Big Board Tunes Out Its Own Rules

The New York Stock Exchange is missing a chance to be a model for good governance as it defends its planned merger with Deutsche Borse and fights off a rival bid from Nasdaq and ICE.

Itineraries
On the Road

Piecing Together the True Cost of Flying

Travelers are beginning to notice the fees that airlines are adding on.

Hotels Spruce Up Their Executive Lounges

With business picking up after the recession, many hotel chains are refurbishing the décor, amenities and food in their exclusive retreats for premium customers.

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