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Archive May/2008


Book sales are expected to stay flat

As publishers pray for a new children's series to equal Harry Potter and await the next novel by "The Da Vinci Code" author Dan Brown, a report scheduled to be

Bear Stearns shareholders OK buyout by JPMorgan Chase

Bear Stearns shareholders have approved JPMorgan Chase's $2.2 billion buyout, ending the saga of the 85-year-old pillar of Wall Street that crumbled under the weight of its own wagers on

Business in the Burbs: Oxford Health to make $50 million in refunds

Oxford Health Insurance Inc. will refund $50 million to about 37,000 small businesses in the New York metro area, including nearly 7,000 in the Lower Hudson Valley, who were overcharged

Former Rye Brook banker pleads for leniency

A former investment banker from Rye Brook convicted of stealing insider information should not get the 97-month prison sentence prosecutors recommend because it would "devastate," his family, including his daughter

U.S. logs better - but still weak - growth

The economy logged slightly better - but weak - growth in the first quarter, spurred by improved sales of U.S. products overseas. While that's heartening, the country is still far

GM may reassign workers from trucks to cars

General Motors Corp. will furlough entire shifts of workers at some truck factories and may move them to nearby car plants as it restructures to adjust to a rapidly changing

Lawmakers warn of soaring heating costs next winter

ALBANY - While most New Yorkers are fretting over filling their gas tanks during the summer traveling months, some Assemblymen warned yesterday that winter heating fuel could be even more

UPS plans air deal with DHL

ATLANTA - DHL, the U.S.-based express shipping unit of German postal service Deutsche Post AG, wants United Parcel Service to carry some of its air packages. The collaboration between rivals

Oil rebounds on Nigeria threat, supply concerns

NEW YORK - Oil futures rose back above $131 yesterday, recovering from early losses as threats against Nigerian oil facilities led investors to at least temporarily set aside concerns about

Pepsi Bottling sees international push, more non-carbonated drinks

Pepsi Bottling Group Inc. will continue plans to reposition its portfolio of beverages as it expands into overseas markets, President and Chief Executive Officer Eric Foss said at yesterday's annual