Slide Show: A Cash Offer to Leave JapanRevenue Drops 62% as Morgan Stanley Posts a Loss
By DAVID JOLLY
The $177 million quarterly loss was bigger than expected as the bank took hits on real estate and its own debt.
Japan Pays Foreign Workers to Go Home, Forever
By HIROKO TABUCHI
Franck Robichon for The New York Times
Brazilian-Japanese workers at a town hall meeting in Hamamatsu, Japan, where officials laid out a plan to pay workers to return to Brazil.
Brazilian-Japanese workers who have lost their jobs are being offered money to return to their home countries.
DealBook Blog
Wells Fargo Posts $3 Billion in 1st-Quarter Profit
By DEALBOOK
The bank attributed much of its strong earnings growth to its acquisition of Wachovia, the troubled North Carolina bank, last year.
Executive at Freddie Mac Is Found Dead
By CHARLES DUHIGG
David B. Kellermann, the mortgage giant’s acting chief financial officer, apparently committed suicide.
Britain’s Debt Deepens; Its Outlook Grows Gloomier
By JULIA WERDIGIER
Public debt is set to reach $255 billion this year, the highest level since World War II, making it more difficult for the government to pull the country out of a recession.
DealBook Blog
Albany Bans Placement Agents for Pension Fund
By DEALBOOK
Amid a widening investigation into possible kickbacks involving New York’s pension fund, the state’s comptroller has announced a ban on placement agents being involved in the fund’s investments.
Booming iPhone Sales Slow Profit Decline for AT&T;
By JENNA WORTHAM
First-quarter profit dropped 9.7 percent from a year ago, but the results far exceeded Wall Street’s expectation of a bigger drop.
Wall Street Wobbles as It Looks for Direction
By JACK HEALY
Pulled in different directions by profit forecasts and other economic reports, the Dow and the S.&P.; were trading in a narrow range.
I.M.F. Says Recovery Will Be Slow and Sluggish
By BRIAN KNOWLTON
The agency said that the global economy would likely contract 1.3 percent this year in the deepest post-World War II recession.
Volkswagen Quarterly Profit Plummets
By DAVID JOLLY
Net profit dropped 74 percent and revenue slid 11 percent despite tax incentives in Europe to encourage drivers to trade up to more environmentally sound models.
Colon Cancer Drug Falls Short in Trial
By ANDREW POLLACK
The drug Avastin failed to prevent colon cancer from recurring by a significant amount in a clinical trial, the drug’s manufacturer, Genentech, said early Wednesday.
Privatization of Hong Kong Phone Group Rejected
By BETTINA WASSENER
The court ruling was a stunning setback for PCCW’s chairman, Richard Li, and a major victory for the city’s increasingly assertive regulatory authorities.
Hope and Caution on Chinese Economy
By BETTINA WASSENER
Conflicting comments by informed observers illustrated how hard it is for economists to reach a consensus on whether the worst is over for China.
An Effort to Save Flint, Mich., by Shrinking It
By DAVID STREITFELD
Civic leaders advocate demolishing entire blocks to concentrate on healthier ones.
U.S. in Standoff With Banks Over Chrysler
By BILL VLASIC and DAVID E. SANGER
Big lenders have resisted demands from the Obama administration to restructure Chrysler’s debt.
In China, G.M. Remains a Driving Force
By KEITH BRADSHER
G.M.’s China division emphasizes fuel-sipping models instead of gas guzzlers, putting it ahead of Ford.
- Times Topics: General Motors | Ford
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Interactive: Searching the Madoff List
The list of customer account names found by the court-appointed trustee in the records of Bernard L. Madoff’s wealth management firm.
Interactive List : Searchable Court Documents
Interactive Feature: At ‘West Point’ for Car Industry, Rethinking the Future
Anxiety runs high at Kettering University, formerly G.M. Institute, where students who once trained to work in the auto industry are looking outside their chosen field.
Interactive Feature: C.E.O. Compensation: The Pay at the Top
A look at the 2008 pay packages of 198 chief executives, including Citigroup's Vikram S. Pandit.
Interactive Feature: Tracking the $700 Billion Bailout
How the money from the Troubled Asset Relief Program is being doled out to banks, insurance companies and others.
Interactive Graphic: Adding Up the Government’s Total Bailout Tab
An overview of government support, beyond the $700 billion bailout known as TARP, given to companies from banks to car companies.
Interactive Feature: How the Government Dealt With Past Recessions
Since the Great Depression, presidents have tried many methods to fight recessions. Three economists explain what worked and what didn’t.
We Fought A.I.G. and A.I.G. Won
The Deal Professor examines the latest agreements between the American International Group and the Treasury and finds that the government is doing little to claw back past bonuses or restrict future bonuses.
Chrysler’s lenders put US car tsar on the spot
April 22, 2009,
The worst may be yet to come
April 22, 2009,
PepsiCo’s $6bn deal brings bottling full circle
April 20, 2009
Today's Columnist
Economic Scene
For Housing Crisis, the End Probably Isn’t Near
By DAVID LEONHARDT
Two auctions, one in Washington and one in Miami, suggest that real estate prices have not bottomed out.
Earnings
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The Recession’s Impact
Faces, numbers and stories from behind the downturn.
Multimedia
Illustrating a Recession
Artist Joan Chiverton has seen growing evidence of the economic downturn along the streets of Manhattan.
Life After Wharton
For the past decade, a job at an investment bank has been coveted. Now the implosion of Wall Street has not only shaken a generation's ambitions, it has also unleashed them.
Geography of a Recession
Updated: A map of unemployment rates across the United States, now through January.
From the Magazine
The Moral of the Story Blog
Thy Neighbor's Mortgage
By RANDY COHEN
Foreclosures, bailouts and the ethics of resentment.
Times Topics in Business
Credit Crisis — The Essentials
A continuously updated summary of credit crisis developments.
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