International Herald Tribune (Front Page News)
Business news from The International Herald Tribune, the world's daily newspaper online.
Updated: 42 min ago
An oil addiction, a chronic enabler
Today's oil crisis could have been foreseen, but analysts say chances to head it off were ignored, missed or blocked.
Costly cancer drug offers hope, but also a dilemma
Avastin, which can cost as much as $100,000 a year, has become one of the most popular cancer drugs, but studies show it prolongs life by only a few months.
Trump's adventures in the land of golf
Donald Trump's project for a golf resort on the northeast coast of Scotland, near Aberdeen, hangs in the balance as environmentalists say the rugged coastline should be left undisturbed.
On day care, Google makes a rare fumble
A battle between employees and their company over in-house day care may be representative of greater changes at Google.
The fog of credit default swaps
When it comes to detailing how much of these instruments public companies hold, disclosure is mighty scant. A new rule may change that.
Investors await signs of 'capitulation'
Profit warnings, breaches of key index levels, record oil prices, stressed consumers and investors seeking safety provide the background for markets this week, and many people are wondering how long this will all last.
Internet traffic grows, and so do glitches
As the Web has become an irreplaceable part of life, users have become less forgiving of even occasional outages.
A new era for zeppelins?
As the cost of fuel soars and the pressure mounts to reduce carbon dioxide emissions, several schemes for a new generation of airship are being considered.
European Commission rebukes Sarkozy on interest rates and trade
The European Commission delivered a sharp response Friday to President Nicolas Sarkozy of France over his recent comments on interest rates and trade policy, underlining European economic policy divisions before the coming Group of 8 summit meeting.
$52 billion Bell Canada deal saved
Under the new agreement with lenders, the record-setting deal will now close on Dec. 11 and Bell Canada will stop paying dividends on its common shares until then.
Helped by tax credit, UBS beats analyst forecasts for quarter
UBS, which has written $37 billion off its assets as a result of the credit crisis, said its balance sheet would benefit from a 3 billion Swiss franc, or $2.9 billion, tax credit that would partially offset further predicted losses in its investment business.
TPG abandons plan to buy stake in Bradford & Bingley
TPG withdrew its offer to take a 23 percent stake for £179 million after Moody's cut Bradford & Bingley debt rating.
Jobless, and selling himself the old-fashioned way
Joshua Persky, an out-of-work investment banker, was interviewed by major news outlets as he stood on Park Avenue, handing out résumés and wearing a sandwich board.
At $100 for tank of gas in U.S., some choke on 'fill it'
Owners of large vehicles have hit an uncomfortable price milestone and are cutting back on recreational driving.
An oil addiction, a chronic enabler
Today's oil crisis could have been foreseen, but analysts say chances to head it off were ignored, missed or blocked.
Italians shun Alitalia despite pleas for patriotism
State-controlled Alitalia posts losses of about €3 million a day. No buyer has surfaced for the carrier since Prime Minister Silvio Berlusconi said during his election campaign in April that a "huge" number of buyers had answered his appeal to keep Alitalia in Italian hands.
Adam Smith will loom even larger
The father of modern economics, is being honored with a statue in the center of Edinburgh, the first major public monument to the 18th-century philosopher.
Oil prices continue to rattle markets
European markets fell and Asian markets were mixed Friday as investors digested uneven readings on the U.S. economy and on oil prices that remained near records.
Société Générale is fined for breaking rules
The French Banking Commission on Friday fined the bank Société Générale €4 million for serious breaches in internal controls revealed by the bank's €4.9 billion trading loss.
9 sentenced to prison in Austrian bank fraud case
Judge Claudia Bandion-Ortner found the defendants responsible for causing losses of as much as €1.7 billion at Bank für Arbeit und Wirtschaft in Austria, or Bawag, through risky investments.
Recent comments