e-commerce,business,nytimes

e-commerce,business,nytimes

Business NY Times

Most Retailers Report Solid Sales for May
For all their grumbling about high gasoline prices, consumers hardly sat on their wallets in May when it was time to make a trip to the mall.

Bank of China Shares Soar on First Day of Trading
The enthusiastic reception for the bank's stock is the latest marker of China's rising economic fortunes.

Sales of American Autos Fell Sharply in May
Sales at General Motors fell 15.7 percent, and Chrysler had its worst month in two and a half years.

U.S. to Seek Extra $92 Million From Exxon for Valdez Spill
Exxon Mobil said it would study the request, but indicated that it did not see a need for further cleanup efforts.

In Europe, a Deal to Cut Cellphone Roaming Charges in Half
The move by six European mobile-phone companies was intended to head off a move to impose legal limits on what they may charge.

Steel Giant Arcelor Faces Investor Wrath Over Russia Deal
A large bloc of unhappy shareholders is asking for a special meeting to vote on the company's proposed deal with Severstal.

Gilded Paychecks | Rewards, Guaranteed: Big Bonuses Still Flow, Even if Bosses Miss Goals
Executive compensation often exceeds the amounts allowed under the performance targets set by directors.

2 New Captains of the Economy Face Volatile Global Markets
The president's choice for Treasury secretary and the Federal Reserve chief are expected to work together at a time when global markets are more erratic.

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