New York Times Business News ---
Japanese Stocks Tumble
The Nikkei average slid 2.7 percent to hit a one-month low on Tuesday as exporters and bank shares were battered after jitters about the health of the financial system in the United States re-emerged.
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As Oil Giants Lose Influence, Supply Drops
It is harder than ever for the major Western oil companies to find new prospects, even though they are awash in profits and eager to expand.
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Japanese Bank Buys Rest of UnionBanCal
Mitsubishi UFJ Financial Group, one of Japan’s largest banks, agreed to buy the remaining part of UnionBanCal Corporation that it does not already own for about $3.5 billion.
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Leroy Sievers, 53, Journalist Who Wrote of Cancer Battle, Dies
Mr. Sievers was a television news producer who covered more than a dozen wars but became best known to the public as he chronicled his illness for NPR in a blog called “My Cancer.”
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Advertising: Olympics Draw High Percentage of Women Viewers, and Ads Intended for Them
The large female viewership for the Olympics and the spate of spots intended for women are anomalies in TV sports.
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Fox Is Allowed to Press Warner Over Rights to ‘Watchmen’
The dark heroes of Warner Brothers’ “Watchmen,” set for release next March, have a new problem on their hands: A federal judge has ruled that they may belong to 20th Century Fox.
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Lehman May Put a Prized Unit on the Block
Lehman Brothers is considering the sale of all or part of its prized money management division to private equity firms to raise billions of dollars of capital and ease the pressure caused by real-estate related losses.
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Olympic Star Is Sidelined. Will His Ads Be, as Well?
When China’s star hurdler, Liu Xiang, limped off the field late Monday morning, it dealt a blow to the marketing plans of some marquee brands.
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Game Maker Retracts Bid for a Rival
Electronic Arts said that it has withdrawn its $2 billion tender offer to purchase its smaller rival, ending a six-month long hostile takeover bid.
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A Classy Place to Meet, With a Bonus
Some hotels either give a suite as a standard upgrade for those who book meeting space or they waive the room rental if the guest guarantees a certain minimum food and beverage expenditure.
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Frequent Flier: When an Awkward Situation Turns Into a Bonding Experience
Sometimes, cultural immersion allows you to get to know a little too much about people. That’s what happened in Thailand.
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On the Road: Progress on Checkpoints. Now for Gels and Shoes.
What’s up with all those specially dedicated lanes that funnel people into various categories up to the checkpoints?
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Student Files Are Exposed on Web Site
The Princeton Review, the test-preparatory firm, accidentally published the personal data and standardized test scores of tens of thousands of Florida students on its Web site, where they were available for seven weeks.
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Long Delayed, German Railroad’s Stock Sale Moves Ahead
Today’s unsettled financial markets is not stopping Deutsche Bahn from going ahead with what may be the last big privatization of a former state monopoly in Europe’s largest economy.
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Record Profit at BHP Billiton Eases Doubts
BHP, the world’s largest mining company, reported net income of $15.4 billion for the year, helped by the jump in commodity prices, higher production and an ability to pass on higher costs.
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Lowe’s Profit Falls, but Beats Expectations
The home improvement chain said its profit fell nearly 8 percent but managed to top Wall Street expectations, helped by expense controls and better-than-expected sales.
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‘Gone Wild’ Founder Faces I.R.S.
In September, Joe Francis will be tried in Los Angeles on federal charges that he deducted $20 million in fraudulent expenses on the corporate tax returns filed by his company, Mantra Films.
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Dealbook: Running a Hedge Fund Is Harder Than It Looks on TV
Do you remember a time, only a short while ago, when virtually anybody could start a hedge fund? It seemed so easy: billions of dollars were being thrown around like confetti.
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A Smart Bet or a Big Mistake?
As Verizon begins to roll out FiOS in its hometown, New York, the company argues that the service is proving to be more successful than it promised when it started the project.
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Nymex Shareholders Approve $8.3 Billion Takeover by CME
The transaction cements the CME Group’s status as the world’s largest derivatives market.
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