DealBook
Wells Fargo Profit Rose 20% in Fourth Quarter
By BEN PROTESS
But the gains at Wells Fargo were limited by declining revenue, reflecting a setback felt across the banking industry as a result of the sluggish economic recovery.
Citi shares fell more than 7 percent in the fourth quarter, and investors wasted little time in showing their disappointment. The capital markets unit was especially weak.
Mark Lennihan/Associated Press
Citigroup reported fourth-quarter results that fell far short of what analysts were forecasting.
Rally Fades on Bank Profits
By REUTERS
The late selloff reflected a reversal from earlier optimism about the economy and China’s growth prospects.
European Central Bankers Criticize Role of Rating Agencies
By JULIA WERDIGIER
The heads of the European Central Bank and the Bank of England are urging investors to pay less attention to ratings downgrades of euro zone countries.
Inspector General to Leave S.E.C.
By EDWARD WYATT
H. David Kotz, who exposed the agency’s early mishandling of the Madoff case, said he will join Gryphon Strategies, an investigative company.
Kraft Foods to Cut Up to 1,600 Positions
By THE ASSOCIATED PRESS
The company, based in Northfield, Ill., said it will cut 1,600 positions in North America this year as it prepares to split its business in two.
Growth Fell for China at Year End
By MICHAEL WINES
One analyst says that even with signs of cooling growth, “the basic structure of the economy is still O.K.”
After Record Year, Airbus Predicts Orders to Drop
By NICOLA CLARK
The European plane maker said demand for its jets would fall by about half in 2012, after beating Boeing for a fourth consecutive year.
Auditors Not Involved in Cover-Up, Olympus Says
By HIROKO TABUCHI and KEITH BRADSHER
A report released Tuesday said that Olympus’s executives had so cleverly buried losses that the company’s external auditors could not have uncovered them.
Bits Blog
Wikipedia to Go Dark on Wednesday to Protest Bills on Web Piracy
By JENNA WORTHAM
Wikipedia is the latest Web site to plan a blackout for Wednesday to protest two Congressional bills intended to curtail copyright violations on the Internet.
Learning to Be Lean
By REED ABELSON
Health insurers and employers must now pay to screen children for obesity and provide them with counseling. Experts say creating such programs will be a challenge.
Insight & Analysis
DealBook Column
One Way to Look at Private Equity
By ANDREW ROSS SORKIN
One low-key private equity executive, Paul S. Levy, defends his business, saying "I think it's a pretty honorable industry."
Economix Blog
The Pros and Cons of Obama's Reorganization Plan
By BRUCE BARTLETT
Some elements of President Obama's plan to consolidate government departments make little sense, but abolishing the Small Business Administration is an excellent place to start, an economist writes.
Itineraries
On the Road
Selling Boarding Perks to the Forlorn
By JOE SHARKEY
Full planes make it worthwhile to vie for priority seating and other preferential treatment.
Thwarted Travelers
By TANYA MOHN
Global long-haul travel grew by 40 percent from 2000 to 2010, one trade group said, but the United States’ share of growth fell to 12.4 percent from 17 percent.
Frequent Flier
Silent on the Plane, but Chatty With the Locals
By EVA JEANBART-LORENZOTTI
Eva Jeanbart-Lorenzotti, founder of the luxury online retailer Vivre.com, believes people go out of their way to help travelers, and always seeks out special places with the locals.
You’re the Boss Blog
With Redesign, a Special Retailer Tries to Create an Equally Special Web Site
By GABRIEL SHAOOLIAN
If you have never been to Bi-Rite Market, does this site make you want to go?
Advertising
M&M;’s to Unveil New Speaking Role at Super Bowl
By STUART ELLIOTT
Ms. Brown, a sharp-witted computer-animated character who will represent the brown M&M;’s, will join five other candies in the cast.
From Opinion
Op-Ed Columnist
Keep It Simple
By JOE NOCERA
An influential critic says banking regulations are too complex, and she offers some solutions.
Editorial
Convenient, but How Secure?
Banks have gotten better at preventing online fraud, but criminals aren’t giving up. So financial institutions need to do a lot more to increase protections.
TPG can be forgiven its mile-high club fetish
January 17, 2012,
BankUnited sends ominous sign with its white flag
January 17, 2012,
Ex-American Idol boss readies own tech audition
January 17, 2012,
Video
- All Sources
- The New York Times
Latest News
Special Features
MOST POPULAR - BUSINESS DAY
- The Invisible Hand Behind Bonuses on Wall Street
- Among the Wealthiest 1 Percent, Many Variations
- Digitizing Health Records, Before It Was Cool
- Hungary, Once a Star, Loses Its Shine
- Danny Evins, Restaurant Founder and Focus of Controversy, Dies at 76
- DealBook: In Silicon Valley, the Ripe Scent of New Money
- DealBook: One Way to Look at Private Equity
- Your Money: Financial Advice for Those With Small Nest Eggs
- Online Shoppers Are Rooting for the Little Guy
- The Image Officer With a Lot to Fix
- Supreme Court Weighs Relevance of Decades-Old Broadcast Decency Rules
- Debt Downgrades Expected for European Nations
- Hedge Funds the Winners if Greek Bailout Arrives
- Crocs Expands Line, but Honors Its Clog - Advertising
- Richard Threlkeld, Award-Winning Journalist, Dies at 74
- Hollywood Techniques at Play in Politics
- MM's to Unveil a New Speaking Role at Super Bowl
- Accounts and People of Note in the Advertising Industry
- Olympus Sues Executives Over Cover-Up
- Mad for 'Downton'? Publishers Have a Reading List
- The Invisible Hand Behind Bonuses on Wall Street
- Danny Evins, Restaurant Founder and Focus of Controversy, Dies at 76
- Hungary, Once a Star, Loses Its Shine
- Among the Wealthiest 1 Percent, Many Variations
- Euro Woes Could Revive Bout of Market Volatility
- DealBook: In Silicon Valley, the Ripe Scent of New Money
- DealBook: One Way to Look at Private Equity
- Digitizing Health Records, Before It Was Cool
- Economix: Homemaker Dad, Breadwinner Mom
- DealBook: Citigroup Profit and Revenue Decline for Quarter
