Financial news on April 18th, 2009

Business and Financial news
A Plan for U.S. Emissions to Be Buried Under Sea

In an effort to fight global warming, one company proposes storing emissions from power plants in sandstone under the ocean floor. Read more..

By KATE GALBRAITH - The New York Times

Business Grads Looking Beyond Wall Street

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..


Chopard Maintains a Bold Outlook

Caroline Gruosi-Scheufele, co-president of the family-owned jeweler and watchmaker, believes in innovation and promotion, even in tough times. Read more..

By SONIA KOLESNIKOV-JESSOP - International Herald Tribune

Companies Reset Goals for Bonuses

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..

By JONATHAN D. GLATER - The New York Times

Facing Large Loss, Toshiba to Shed 3,900 Jobs

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..

By MARK McDONALD - International Herald Tribune

General Dynamics to Build New Destroyer

In an agreement that the Navy hopes will save money, General Dynamics and Northrop Grumman will swap ship-building contracts. Read more..

By CHRISTOPHER DREW - The New York Times

Lawmakers May Limit Paper Mills’ Windfall

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..


MGM Mirage and Dubai World Near Deal

The partners must still reach an accord with the banks financing the joint CityCenter project in Las Vegas. Read more..

By MICHAEL J. de la MERCED - The New York Times

Unsealed Papers Show Warnings to Merkin on Madoff

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..

By ZACHERY KOUWE - The New York Times

Venture Capital Investment Sinks

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..

By CLAIRE CAIN MILLER - The New York Times

See what else happened on April 18th, 2009