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Latest news entries via source nyt > business
Chemical Unit Files for Bankruptcy
The U.S. operations of LyondellBasell, the petrochemical company, filed for bankruptcy protection in New York on Tuesday, facing a huge debt load and slumping demand for its products.-
G. Grinberg, Watch Baron, Dies at 77
Mr. Grinberg amassed a fortune in the U.S. by helping turn expensive wristwatches like Piaget into widely advertised portable status symbols with mass appeal.
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John F. McGillicuddy, 78, Banking Leader, Is Dead
Mr. McGillicuddy assembled one of first big bank mergers in the wave of consolidation that emerged from the economic slump of the early 1990s.
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Nissan Asks Its Dealers to Skip Detroit Show
When Nissan said it would not put up a display at the auto show in Detroit, local dealers decided to do it themselves until the company intervened.
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A Move Toward Veggie Power Aloft
Although jet fuel prices have dropped, industry executives say they are determined to become less dependence on a single source of fuel if prices rise again.
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Stocks & Bonds: Markets Higher Amid Latest Economic Reports
Wall Street rose after economic reports showed that although the economy continues to weaken, the downward curve may be tapering off in some sectors.
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Breakingviews.com: A Lucrative I.P.O., Too Hot to Handle
Not one major bank has agreed to handle the planned $460 million initial public offering of the parent of Penthouse magazine.
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For Victims of Schemes, the I.R.S. Can Be Flexible
Under U.S. tax rules, investors may be able to seek redress from the federal government for losses stemming from the $50 billion Ponzi scheme that Bernard L. Madoff is suspected of orchestrating, tax experts say.
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Bank of Americas Chief Gives Up Bonus
Bank of Americas chief executive, Kenneth D. Lewis, is joining the growing ranks of top banking executives who are giving up annual bonuses after a dreadful year in the financial industry.
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Retail Chain Is Liquidating
The discount retail chain Goodys Family Clothing will begin liquidating its stores as the retailer becomes one of the years first victims of the worsening economy.
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