Financial news on April 18, 2009
Business and Financial news
In an effort to fight global warming, one company proposes storing emissions from power plants in sandstone under the ocean floor. Read more..
Business students graduating this year know they are less likely to get a job offer in investment banking. For some, that’s liberating. Read more..
Caroline Gruosi-Scheufele, co-president of the family-owned jeweler and watchmaker, believes in innovation and promotion, even in tough times. Read more..
With companies falling short of their targets in tough times, top executives may miss out on bonuses. As a result, some companies are changing their measures of performance. Read more..
Toshiba said its net loss for the fiscal year would be $3.5 billion but shares were buoyed by an upturn in prices for flash memory chips. Read more..
In an agreement that the Navy hopes will save money, General Dynamics and Northrop Grumman will swap ship-building contracts. Read more..
Papermakers who use wood byproducts to power their plants are earning up to a billion dollars in tax credits by mixing some diesel fuel into their natural fuel. Read more..
The partners must still reach an accord with the banks financing the joint CityCenter project in Las Vegas. Read more..
Lawyers for N.Y.U. aim to show that J. Ezra Merkin breached his fiduciary duty to investors by hiding the Bernard L. Madoff investment from them. Read more..
In the first quarter, only $3 billion was invested in 549 young companies, according to analysis by the National Venture Capital Association and PricewaterhouseCoopers. Read more..