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Business News - Global Business - The New York Times
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Thursday, October 27, 2011

Business

News Analysis

In Rally Over Euro Deal, Relief Mixed With Wariness

LONDON — A report on the American economy added to investors’ upbeat mood following the broad agreement on the euro zone debt crisis, but uncertainty remained about Europe’s next steps.

Stocks Jump on Greek Debt Deal

Markets were cheered by progress reached in Europe on resolving their debt crisis and strengthening banks.

Economic Growth in U.S., Though Still Modest, Speeds Up

G.D.P. grew at a 2.5 percent rate, a reassuring improvement but not enough to recover ground lost during the recession.

Higher Oil Price Lifts Profits at Exxon and Shell

The largest oil companies in the United States and in Europe both reported strong earnings.

DealBook

Santander's Profit Fell 13% in First 9 Months of 2011

Banco Santander reported a nine-month net profit of $7.4 billion that was below expectations, and the bank said it had focused on continuing to diversify away from its Spanish operations.

DealBook

Sony to Buy Ericsson's Stake in Handset Venture for $1.5 Billion

Sweden’s Ericsson has agreed to sell its stake in the struggling cellphone maker Sony Ericsson to Sony for $1.5 billion in a final retreat from the mobile handset business.

At Olympus, Western Questions for Old-School Ways

TOKYO — The Japanese firm Olympus said its president and chairman Tsuyoshi Kikukawa had stepped down after the company became embroiled in a scandal over a series of costly acquisitions.

DealBook

With Gupta’s Arrest, Insider Inquiry Goes Beyond Wall Street

Rajat K. Gupta was “the illegal eyes and ears in the boardroom” for a friend on Wall Street, Raj Rajaratnam, prosecutors asserted Wednesday as they filed criminal charges.

Media Decoder Blog

Disney Channel to Be Introduced in Russia

The company has made a deal to buy 49 percent of a Russian television channel to introduce its brand to a country it views as an important untapped market.

Georgians Suggest WTO Deal for Russia Is Near

MOSCOW — Georgian negotiators said Thursday that they had accepted a Swiss compromise that would clear Russia’s path to join to the World Trade Organization, but Russian negotiators made no immediate comment.

RIM Delays Software Update for BlackBerry PlayBook

OTTAWA — The new operating system, intended to correct such omissions as the inability to send email without being linked to a phone, won’t be ready until next year.

DealBook

St Paul’s Chancellor Resigns Over Plans to Remove Protesters

Less that two weeks after an anti-capitalist campaign descended on the London cathedral, Reverend Giles Fraser has resigned over plans to forcibly remove the protesters.

DealBook

Hertz Pulls Offer for Dollar Thrifty

Hertz, which withdrew its offer citing market conditions, said it was still interested in a deal if it could win regulatory clearance and settle on a fair price.

Chrysler Posts Strong Profit on Jump in Sales

DETROIT — The $212 million for the third quarter was the largest profit since the automaker’s 2009 bankruptcy.

Economic Slowdown Challenges Renewable Energy

BARCELONA — At an industry conference, executives cite benefits of wind and solar energy but acknowledge economic hurdles.

Ruth Madoff Says Couple Tried Suicide in 2008

Bernard Madoff’s wife said she and her husband tried to kill themselves just after his Ponzi scheme was exposed.

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With New Smartphones, High Hopes for Nokia and Microsoft Union

LONDON — The Lumia models, presented Wednesday, are the first fruits of the phone maker’s alliance with the American software giant.

Valsgard Journal

Dressing Up Power Lines Comes With Limits

VALSGARD, Denmark — To deal with resistance to new high-tension power lines, the Danes hit on the idea of involving industrial architects in the pylons’ design.

China Reins In Entertainment and Blogging

Communist leaders are proposing some of the tightest limits on media and Internet freedoms in years.

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Rule Allows U.S. a Close Look at Big Hedge Funds

WASHINGTON — The rule adopted Wednesday requires large funds to report details of their holdings in a bid to limit risks to the financial system.

I.H.T. Special Report: The Business of Green

Drive Toward Low-Carbon Future Stalls

MADRID — As countries reassess the likely depth and duration of the economic chill, many are rethinking their energy policies.

Interactive Feature: Tracking Europe's Debt Crisis

The latest economic and policy developments from countries in the euro zone.

Lens Blog
Casing Swiss Banking Secrets

In photographing the Swiss banking industry, Mark Henley faced the challenge of documenting something no one can see. Yet the pictures — like something out of a noir film — have familiar qualities.

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