Heads Up | Rising Hotel Rates
By DAVID KAUFMAN
AS if the sagging dollar and soaring oil costs weren’t enough to dent travel budgets, hotel room rates are expected to surge in the coming year. From New York to Asia, and just about every desirable destination in between, the prices of rooms — especially at […]
Posted on January 23rd, 2008 by admin
Filed under: Travel | No Comments »
By VIKAS BAJAJ and MICHAEL M. GRYNBAUM
Dan MacMillan was fearing the worst on Tuesday morning. Like many Wall Street traders he expected share prices to plummet after two days of severe declines in overseas markets.
“I was wondering this morning if this was going to be one of those historic days you read about […]
Posted on January 23rd, 2008 by admin
Filed under: World Business | No Comments »
By HEATHER TIMMONS
NEW DELHI — The United States Federal Reserve’s surprise rate cut stemmed bloodletting on the Asian stock markets on Wednesday, but heightened fears that a painful recession is imminent for the world’s largest economy.
Most major market indices across Asia saw several percentage point gains Wednesday, as some investors covered short positions and […]
Posted on January 23rd, 2008 by admin
Filed under: World Business | No Comments »
By EDMUND L. ANDREWS
WASHINGTON — The Federal Reserve, confronted by deepening panic in global financial markets about a possible recession in the United States, struck back on Tuesday morning with the biggest one-day reduction of interest rates on record and at least temporarily stopped a vertigo-inducing plunge in stock prices.
The unexpected decision came after […]
Posted on January 23rd, 2008 by admin
Filed under: World Business, Business | No Comments »
By BRAD STONE
SAN FRANCISCO — An era at eBay is about to end.
Meg Whitman, chief executive of eBay for the past 10 years, is retiring, according to a person with knowledge of the situation. The company intends to replace Ms. Whitman as chief executive of the Internet auction giant with John Donahoe, 47, president […]
Posted on January 23rd, 2008 by admin
Filed under: Business, Technology | No Comments »
By VICTORIA SHANNON
PARIS — The chief executives of Publicis Groupe, the advertising conglomerate, and Google, the Internet giant, said Tuesday that they would jointly develop an approach to digital advertising that was both creative and technologically savvy, a combination they said is lacking.
Neither Maurice Lévy of Publicis nor Eric E. Schmidt of Google, speaking […]
Posted on January 23rd, 2008 by admin
Filed under: Business, Technology | No Comments »
