Saturday, November 7, 2009

Business

Behind the Jobless Rate

The number of unemployed rose to 15.7 million in October, as 190,000 nonfarm jobs were lost, the government said, and economists do not expect relief until next year.

Windfall Is Seen as Bank Bonuses Are Paid in Stock

Bankers are likely to make unusually large gains on the stock grants and options they received after shares in their companies fell sharply during the financial meltdown.

Broader Measure of U.S. Unemployment Stands at 17.5%

The official jobless rate excludes millions of people who have given up looking for work and part-time workers who want to be working full time.

Seeing the Glass Half Full Despite the Day’s Reports

The market had been expecting unemployment to top 10 percent before peaking. But the pace of job losses has accelerated and the rate is likely to go higher.

Off the Charts

Car Buyers Come Back, but Not in Droves

A factor causing sluggishness may be that auto companies produced and, with discounts, sold too many cars in the years before the recession.

Executives Are Wary After Arrests

Recent arrests in an insider trading case have hedge fund managers and technology company leaders watching their words carefully.

Administration Rejects Plan to Buy Fannie Mae Credits

Goldman Sachs had proposed to pay cash for Fannie Mae’s tax credits, which are tied to investments in affordable housing.

British Bankers Defend Their Pay and Bonuses

Regulators, central bankers and citizens are criticizing bankers for continuing large compensation packages while receiving government funds.

Berkshire Says Profit Tripled in Quarter

The big Warren Buffett-led conglomerate said its third-quarter profit tripled as the improving economy and stock market boosted the value of its derivative contracts.

To Retain Its Bankers, Citi Offers Option Plan

As an extra incentive to keep its bankers, Citigroup said it would grant one stock option at just above the current price for each share employees had accumulated.

A.I.G. Reports Profit but Warns of Continued Volatility

The insurance giant, which was bailed out last year amid the financial crisis, warned that earnings would remain choppy as the company executes its restructuring plan.

DealBook

Blackstone Reports $275 Million Third-Quarter Profit

Blackstone's profit drew largely upon improving market conditions, which lifted the value of the firm's private equity and hedge fund holdings and added to its performance fees.

DealBook

Choice for Bear Trial Jury: Two Clashing Stories

As closing arguments come to an end, the jury in the trial of two former Bear Stearns hedge fund managers will have to decide which version of reality they believe.

Founders Win a Piece of Skype From eBay

The founders of Skype will drop their lawsuits against the company and a consortium of buyers who bid to purchase Skype. In exchange, the founders will get a 14 percent share in the new Skype.

Questioning a Test for Cancer

Scaring people into quitting is the marketing rationale for a new genetic test, which purports to identify which smokers have the highest risk of developing lung cancer.

Your Money

Money Issues That Can Test Even a Rock-Solid Marriage

Money may be the root of all evil, and in a marriage it can certainly be the seed of trouble. Here are five things couples should do to sidestep difficulties.

Patient Money

In Anxious Times, Medical Help for the Mind as Well as the Body

A new law requires that next year big group plans provide the same level of care for mental health as for medical ones.

Shortcuts

Bridging the Workplace Generation Gap: It Starts With a Text

The book “How Not to Act Old” has some tips to help the 40-plus crowd communicate with younger co-workers.

Prep Schools Face Cuts in Student Aid

The institutions’ endowments have suffered, making schools scramble for ways to keep their doors open to students who do not come from wealthy families.

Beijing Denounces U.S. Duties on Chinese-Made Pipes

China denounced new duties as protectionist, a week before President Obama is due in China talks.

British Airways to Cut Another 1,200 Jobs

The total number of planned staff reductions rises to nearly 5,000 as the British carrier wrestles with what its chief executive called the toughest year in the history of aviation.

G.M. Executive Quits Over Opel Decision

The head of European operations for General Motors quit after the automaker backed out of a deal to sell its Opel brand, a decision that has angered German workers and government officials.

Virtual Goods Start Bringing Real Paydays

It is quickly becoming commonplace for people to spend a few dollars to get ahead in an online game or to give a friend a gift on a social network.

More Multimedia

Interactive Feature: C.E.O. Compensation: The Pay at the Top

A look at 2008 compensation for chief executives at 198 major companies.

Interactive Feature: A Timeline of the Madoff Fraud

Key dates in the Ponzi scheme and case of Bernard L. Madoff.

Interactive Map: Geography of a Recession

Updated: A map of unemployment rates across the United States, now through May.

Interactive Feature: How the Government Dealt With Past Recessions

Since the Great Depression, presidents have tried many methods to fight recessions. Three economists explain what worked and what didn’t.

Interactive Feature: Milestones in the Carmakers’ Crisis

Major events in the automakers’ decline and rescue efforts.

Interactive Feature: G.M.’s Road From Prosperity to Crisis

Major events in the history of General Motors.

Weekend Business

Jeff Sommer with Peter Goodman on unemployment and the economy; Tim O’Brien and David Segal on Ruby Tuesday; Steve Lohr on preventing falls among the elderly; Damon Darlin on extended warranties; and Mark Hulbert on contrarian market indicators.

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DealBook

A Contrary Indicator on M.B.A.'s and Stocks

A somewhat tongue-in-check indicator suggests stocks may be poised for gains as fewer Harvard M.B.A.'s get Wall Street jobs.

Bucks
Bucks

A new blog about consumer tactics, helping readers sort out the choices in their financial lives.

Multimedia
Distracted Drivers

Most people are aware of the dangers of trying to multitask while driving, but most continue to do it anyway.

Battle for the Roan

Energy companies want to tap the rich natural gas resources under Colorado's Roan Plateau, but a coalition of sportsmen and environmentalists want it preserved for wildlife and recreation.

A Dream Foreclosed

Sheri West was once a proud homeowner who ran a residence for homeless people. Now she too is living in a shelter.

Cut in Half

Bryan Lawlor, a commercial pilot with four children, is one of the many Americans dealing with the impact of bringing home a shrunken paycheck.

Financial Crisis - One Year Later

A special section on the anniversary of the collapse of Lehman Brothers, an event that set off the steepest economic downturn in the U.S. since the Great Depression.

The Card Game
Costly Free Credit Reports

Federal law guarantees free credit reports each year, but many consumers who got theirs from FreeCreditReport.com unintentionally paid for an expensive credit monitoring service.

Flipped

A look at how private equity dealmakers can win while their companies, like Simmons Bedding, lose.

Times Topics in Business

Credit Crisis — The Essentials

A continuously updated summary of credit crisis developments.

A new blog about what changes in the health care system might mean for Americans.

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