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Business NY Times
For Wall Street Workers, Ax Falls Quietly
Some people who have lost jobs, and many more struggling to hold them, say banks are keeping employees in the dark about the size and timing of layoffs.
Solar Valley Rises in an Overcast Land
Thanks to its aggressive push into renewable energies, cloud-wreathed Germany has become an unlikely leader in the race to harness the sun’s energy.
Yahoo’s Chairman Disputes Icahn’s Accusations
Yahoo’s chairman rejected accusations from the billionaire investor Carl C. Icahn that the company’s board had acted irrationally in rejecting a $47.5 billion takeover offer from Microsoft.
Microsoft Joins Effort for Laptops for Children
After years of conflict, Microsoft and the computing and education project One Laptop Per Child have reached an agreement that will put Windows on the organization’s computers.
Investigator to the Stars Is Convicted in Wiretaps
Anthony Pellicano was a ripped-from-a-pulp-novel private eye who made himself an indispensable Hollywood fixer.
Advertising: Yahoo and WPP in Partnership
The deal between Yahoo and WPP Group, the advertising holding company, will give WPP’s clients a broader swath of Web sites where they can aim their messages.
Industrial Output Fell Sharply in April, Led by Auto Production Cuts
The Federal Reserve reported on Thursday that industrial production dropped 0.7 percent last month, more than double the decline that economists had expected.
French Bank to Sell Assets to Offset Subprime Losses
Crédit Agricole named a new head for its investment banking unit and said it planned to sell 5 billion euros, or $7.75 billion, of assets to help pare losses linked to the subprime market downturn.
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