New York Times Business News   ---  

Economic Scene: Wishing for a Health Care Plan That Cuts Costs

 President Obama’s health reform plan is a mixed bag for those who care about keeping down medical costs.

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China’s Exports Rise 46%

 Economists said the data signaled a rebound in consumer demand in the U.S. and other Western markets.

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Britain Debates Costs of Free Home Care for Elderly

 Prime Minister Gordon Brown’s plan to provide free care for the growing elderly population faces opposition at a time of record deficits.

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E.U. Signals Approval for Larger Airline Alliance

 European antitrust regulators took a step toward approving an alliance between British Airways, American Airlines and Iberia.

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Draft on Payday Rules Loses a Provision

 Senator Bob Corker wants a proposed bank agency to be more lenient, but critics say consumers would be hurt.

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Israel Intends to Build Civilian Nuclear Plants

 Israel, widely believed to have nuclear weapons and possessing no oil, said on Tuesday that it intended to develop civilian nuclear plants for energy.

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China and India to Join Copenhagen Climate Change Accord

 The countries are the last two major economic powers to agree with the aims of the nonbinding agreement.

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After Victory Against Disney, Children’s Group Loses Its Lease

 The Campaign for a Commercial-Free Childhood was evicted after pressuring the Walt Disney Company into offering refunds to buyers of its Baby Einstein videos.

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Editor Is Fired After Criticizing Chinese Registration System

 Zhang Hong’s dismissal is a fresh warning that journalists who challenge government policy too directly can face retribution.

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Parliamentary Hurdle Could Thwart Latest Health Care Overhaul Strategy

 As Democrats considered potential maneuvers, business groups announced plans for a campaign to stop the legislation.

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Stocks and Bonds: Caution Rules as Wall Street Inches Forward

 Investors remained reluctant to make significant moves without a clear sense of the recovery’s strength.

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Square Feet: Landlords Show Tepid Response to Hourly Electricity Rates

 Only about 100 of 790 buildings that are eligible for hourly prices have opted for the Con Ed service.

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Madoff Victims Warned of Fake Web Site

 The Securities Investor Protection Corporation issued a warning about a group masquerading as another investor protection group in an apparent attempt to lure victims of Bernard L. Madoff.

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Maker Drops Hip Device, Then Warns of Failures

 DePuy Orthopaedics alerted doctors to a high early failure rate of its artificial hip after announcing it would phase out the device citing slow sales.

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Bank of America Plans to End Overdraft Fees on Debit Card Purchases

 Customers who try to make purchases with their debit cards without enough money in their accounts will simply be declined.

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China February Exports Jump 45.7 Percent

 BEIJING (AP) -- China's exports rose in February in a new sign of growing global demand that could help persuade officials to let the Chinese currency rise.

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European Leaders Call for Crackdown on Derivatives

 The multiple, and at times seemingly conflicted roles, of investment banks like Goldman Sachs have also drawn scrutiny.

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Chevron Plans to Cut 2,000 Jobs

 The oil giant also said that it would sell some of its overseas operations, like the Pembroke refinery in Wales..

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LifeLock Settles With F.T.C. Over Deception Charges

 The company, which claimed it could protect against identify theft, will pay $12 million and change its marketing campaign.

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Demand for Lithium Is Poised to Take Off

 As awareness spreads that lithium is an ingredient for hybrid cars, a hunt is under way for sources of the metal.

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