NYT > Business
Sun May 9 22:35:05 EDT 2010
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E.U. Details $957 Billion Rescue Package - European leaders agreed to provide a huge rescue package to regain lost credibility with investors, and early reaction from world markets was positive, with Japan’s Nikkei index rising more than a percentage point.

Asian Markets Rebound on European Rescue Package - Stock markets in the Asia-Pacific region rose early on Monday and the beleaguered euro firmed against the U.S. dollar after European leaders agreed to a $957 billion rescue package.

Conservatives in Germany Suffer Defeat at Polls - The strong setback to the party of Chancellor Angela Merkel was seen as the first significant fallout from the Greece crisis.

Boeing Says It Will Deliver the First 787 Dreamliner This Year - All Nippon Airways is on track to be the first to fly the new aircraft.

Haphazard Trading Network Draws Focus of Wall St. Inquiry - Investigators said they were looking at how a controlled slowdown in trading, meant to bring about stability, instead set off uncontrolled selling on electronic exchanges.

The Media Equation: Reuters Insider, Like YouTube for Traders - Thomson Reuters’s new product, Reuters Insider, is a service that captures myriad streams of information produced by the company’s reporters and partners.

Qatar Holding Buys Harrods Store - Mohamed al-Fayed agreed Saturday to sell the London luxury department store Harrods to Qatar Holding, adding another well-known brand to the emirate’s investments.

Greek Debt Woes Ripple Outward, From Asia to U.S. - The fear that began in Athens, raced through Europe and finally shook the stock market in the U.S. is now affecting the broader global economy.

BP Has a History of Blasts and Oil Spills - Despite repeated promises to reform, BP continues to lag other oil companies when it comes to safety, officials say.

Nokia Adds iPad to Patent Suit Against Apple - The Finnish cellphone maker had already sued Apple over infringement of its patents involving the iPhone, which led Apple to countersue Nokia.

Europe Agrees on Aid Package for Greece - Leaders from the euro-area countries promised steps to stanch a debt crisis before markets open on Monday.

Risk Seen for Europe’s Banks if Cuts Freeze Credit - Though most European banks have limited exposure to Greece, their vulnerability to larger European countries with debt problems is greater.

News Analysis: Greek Debt Crisis Raises Doubts About the European Union - Experts say the union is subject to delays because it has no single government, no single treasury, no effective fiscal coordination and no mechanism for crisis management.

Backlash Over Bailout May Sway German Vote - Voters going to the polls in struggling parts of western Germany will have a chance to vent their frustrations.

Traders Confront Return of Volatility on Wall Street - Brushing off a strong U.S. jobs report, traders focused on lingering questions about European debt and Thursday’s plunge.

Origin of Wall Street’s Plunge Continues to Elude Officials - Officials from federal agencies hunted for clues amid a tangle of electronic trading records to find out what caused Thursday’s near panic on Wall Street.

Traders Made a Fortune as Stock Market Dipped - By luck, savvy or lightning speed, there were gobs of money to be made from the bargains that came and went in an instant on Thursday.

Uncertainty in British Vote Adds to Economic Jitters - In Britain, stocks slid by 4 percent, the pound dropped and risk premiums on 10-year bonds touched a 12-year high.

Indian Court Rules in Natural Gas Case - The interests of two brawling billionaire brothers are involved in a ruling that says the government, not private parties, have the right to set prices for natural resources.

Kyoto, the Imperial City, Grapples With Its Image - Many fear that Kyoto’s delicate temples and gardens have been overwhelmed by modern-day concrete boxes, and plans for more new construction are raising alarm.

Goldman Chief Promises a Review of Company’s Practices - At a relatively friendly meeting with Goldman shareholders, Lloyd Blankfein struck a conciliatory but firm tone.

Graham Calls for ‘Pause’ in Pursuing Energy Bill - Senator Lindsey Graham said energy and climate change legislation had no chance of passage in the near term.

Wealth Matters: Protecting Your Home, Part 2, or, Sharing Readers’ Ideas - Pessimists, technologists and pragmatists sound off about security alarm systems. Choose your category.

Patient Money: Acupuncture May Help, but You’ll Need to Pay - A growing number of people are turning to acupuncture for help with conditions including infertility, chronic pain, depression and menopause symptoms.

Economy Gains Surprising Number of Jobs - Payrolls surged with an unexpectedly strong 290,000 jobs last month, but the unemployment rate rose to 9.9 percent.

Off the Charts: Except for Homes, Construction Spending Falls - The Commerce Department said residential construction spending rose at an annual rate of 1.6 percent in the first quarter, but nonresidential construction fell 17.4 percent.

Green Inc. Column: E.U. Signals Big Shift on Genetically Modified Crops - After years of stalemate, the union’s member nations could soon have far greater freedom to decide their own policies on plants that have been genetically altered.