New York Times Business News   ---  

Lessons from End of the Charles River Deal

 The Deal Professor examines the termination of Charles River Laboratories' deal for WuXi PharmaTech and the lessons it provides for buyers in this post-crisis market for mergers and acquisitions.

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Billionaire Brothers Long Suspected of Tax Evasion

 Sam and Charles Wyly had been investigated by the I.R.S. and Congress years before the S.E.C. filed its suit.

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Oil Spill Officials Talk of Shift From Emergency Work

 The focus is more on long-term recovery now that some of the urgent demands of the spill are diminishing.

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Old Debts Never Die; They Are Sold to Collectors

 Collecting old consumer debts has become a labyrinthine industry involving buyers of secondhand debt, muddled statutes of limitation, lawsuits and, sometimes, abusive tactics.

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With Recovery Slowing, the Jobs Outlook Fades

 With growth at an annual rate of 2.4 percent in the second quarter and the stimulus fading, an analyst says the rest of the year will feel like a recession.

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U.S. Plans Trade Complaint Against Guatemala

 The complaint, which will accuse Guatemala of labor law violations, comes as the administration is trying to revive its trade agenda.

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Nuclear Woes Hurt Bottom Line at EDF

 The French energy giant cited costs related to its U.S. nuclear ventures and the construction of its latest generation nuclear power plant in France, which will be delayed until 2014.

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Stocks and Bonds: Wall Street Settles Down After Taking In G.D.P. Report

 Investors were particularly fretful about the G.D.P. report because it comes at the end of a run of worse than expected economic data and a warning from the Fed.

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Stem Cell Trial Wins Approval of F.D.A.

 A trial could offer the first glimpse of a technology that may hold vast medical promise but also is embroiled in controversy.

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Patient Money: For Most, Implants Beat Dentures, but at a Price

 Prosthetic teeth attached to the jaw with titanium screws are preferred for replacing lost teeth, but they’re expensive, and insurance coverage is usually minimal.

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Shortcuts: The Benefits of Volunteerism, if the Service Is Real

 Even community service done simply to build a résumé for college can be a good thing, but there needs to be a connection between the work and the overall issue.

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Chevron’s Profit Triples as Demand Grows

 The giant oil company’s revenue grew 32 percent over the same period a year ago and it raised it’s forecast for growth as the global economy emerges from recession.

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Off the Charts: The Growing Resilience of Plastic

 Consumers are defaulting on credit cards at a slowing rate, and that trend is expected to continue even if the economy suffers a double-dip recession.

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Investors Buy Disney’s Miramax for $660 Million

 The deal ends a laborious bidding process that saw the label’s co-founders, Harvey and Bob Weinstein, fall short in their attempt to regain control.

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ABC Names Paul Lee President of Entertainment Group

 Mr. Lee had been president of ABC’s Family Channel, a cable network that experienced rapid growth recently.

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Senator Seeks Data on Complaints About Artificial Joints

 Senator Charles E. Grassley requested data from Zimmer Holdings, a maker of artificial hips and knees, on how it responded to complaints from surgeons.

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Dogged by a Slowdown, Obama Lauds Car Revival

 The president emphasized that G.M. and Chrysler had returned to profitability and added jobs since the government came to their rescue over a year ago.

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Your Money: Nervous About Social Security? Better Prepare Now

 If the government has to change Social Security, people may need to put aside a lot more money to make up for any reduction in benefits.

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Wealth Matters: Partnerships May Aid Your Estate, but the I.R.S. Is Watching

 Family limited partnerships can help keep family interests in sync after death, but the government wants to make sure they operate as true businesses, not tax dodges.

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European Bank Stress Tests Worked: Sort Of

 Market data is starting to provide an indication of whether the stress tests on the largest European banks had the desired effect on confidence.

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