NYT > Business
Sun Jan 24 11:43:07 EST 2010
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Russian Oligarch’s Long Road to a Hong Kong I.P.O. - Oleg V. Deripaska pursued unusual sources of finance for his giant aluminum company, Rusal, which has nearly $15 billion in debt.

Supplier Accused of Bribes for U.N. Contracts - Federal prosecutors have accused Richard T. Bistrong of paying business bribes to get contracts to supply protective gear to United Nations peacekeeping forces.

Asian Hotel Brands Make the Journey to Europe - With more Asian tourists traveling to Europe, Asian brands, which have a solid reputation in their own backyard, are hoping to capitalize on their name recognition.

No Progress in Talks for Financing of European Military Plane - The seven countries who ordered the Airbus A400M transport plane failed again to agree on how to pay for cost overruns.

Defending Their Dealerships - Hundreds of General Motors and Chrysler dealers are fighting to get back their businesses through an arbitration process that will begin next week.

Stocks and Bonds: 3-Day Slide Sends Markets Down About 5 Percent - The main focus remained President Obama’s plan for tighter restrictions on the banks, but worries about Bernanke’s confirmation also played a role.

Bernanke’s Bid for a Second Term at the Fed Hits Resistance - Even if Ben S. Bernanke’s nomination is approved, the anxiety surrounding it shows how both parties are trying to understand anger toward the government and Wall Street.

Off the Charts: Debt Burden Now Rests More on U.S. Shoulders - China lent an estimated 4.6 percent of the money the United States borrowed in 2009, down from 20.2 percent in 2008.

China Rebuffs Clinton on Internet Warning - Denouncing a speech against Internet censorship by Secretary of State Hillary Rodham Clinton, China showed it was ready to fight back on the issue.

Swedish Bank Fee Sets Example for America - Sweden has enacted a direct tax on banks to pay for their own bailouts, similar to President Obama’s proposal aimed at recovering bailout money.

Swiss Ruling Jeopardizes Deal for UBS Clients’ Names - A Swiss court ruled that account details of a wealthy American may not be disclosed, despite an agreement between U.S. prosecutors and UBS.

Korea Air Returns to Profit as Travel Picks Up in Asia - Passenger and air freight numbers rallied in the Asia-Pacific region in December, and Korean Air returned to profit during the last quarter of 2009.

China First Heavy Announces Shanghai I.P.O. - China First Heavy Industries, a maker of heavy machinery, said Friday it would start an initial public offer in Shanghai next week to raise at least 8.4 billion renminbi, or $1.23 billion.

Treasury Weighs Fixes to Foreclosures Program - The effort to revamp the Making Home Affordable program comes amid growing pressure to do less for banks and more for households.

G.M. Starts Revamp in Europe by Closing an Opel Plant - The Antwerp factory employs about 2,600 workers and produced nearly 89,000 Astra compact cars in 2009.

Out of Bankruptcy, Genetics Company Drops Drug Efforts - The Icelandic gene-hunting company said it would continue its research and its gene-based diagnostics as a private company and would abandon efforts to develop drugs.

Google’s Sales Rose 17% in the Quarter, Fastest Pace in a Year - The results topped Wall Street’s expectations. Revenue for the quarter was $6.67 billion, up from $5.7 billion a year earlier.

Oracle’s Acquisition of Sun Wins Approval of Europeans - The approval of China and Russia is still needed for Oracle to complete its takeover of Sun Microsystems.

Strong Year for Goldman, as It Trims Bonus Pool - Goldman Sachs reported strong earnings on Thursday, but the bank reduced the share of revenue going to bonuses.

Music Industry Counts the Cost of Piracy - Sales of digital music rose 12 percent worldwide last year, but that growth was insufficient to compensate for plunging revenue from compact discs.

Toyota Issues a 2nd Recall - The latest recall involves 2.3 million vehicles because of accelerators that can get stuck and cause cars to speed up unintentionally.

Senators Want to Bar E.P.A. Greenhouse Gas Limits - A Republican senator introduced a resolution to prevent the agency from taking any action to regulate carbon dioxide and other climate-altering gases.

Dubai Memo: Entrenched Monarchy Thwarts Aspirations for Modernity - The financial crisis and recent criminal cases demonstrate that the United Arab Emirates remain an absolute monarchy, where the law is capricious.

Justices, 5-4, Reject Corporate Spending Limit - Overruling two precedents, a divided Supreme Court ruled that the government may not ban political spending by corporations in candidate elections.

Intel Settlement Gives A.M.D. a Profit in Quarter - A.M.D. would have lost money were it not for a $1.25 billion payment it received to squash a long-running antitrust battle.

Special Report: Global Financial Outlook: Economic Stimulus a Mixed Blessing for China - While a huge stimulus program and agressive bank lending have helped China to weather the economic storm in flamboyant style so far, it may prove costly yet.

Special Report: Global Financial Outlook: Anger Over Bankers' Pay Obscures More Critical Issues - Changes to the U.S. financial system are far more important than whether a chief executive’s pay package comes in cash or stock.

Special Report: Global Financial Outlook: The London Banking Center Is Beginning to Feel Like Itself Again. - In many ways, life in the city, although it is smaller after large job losses, is starting to feel like it did before the crisis.

High & Low Finance: Basking in Islands of Legalisms - He has been accused of securities fraud and ordered to repay money. But millions are tied up in a trust in the Cook Islands.

The Female Factor: In Germany, a Tradition Falls, and Women Rise - A social revolution is driving a search for fresh ways of combining family life and motherhood with a more powerful role for women.

Corner Office: Structure? The Flatter, the Better - Cristóbal Conde of SunGard says that recognition from one’s peers is a great motivator for employees, though it “is broadly unused in modern management.”