No End Yet for Downturn in Housing, New Data Suggest
By JACK HEALY
Construction of new homes fell sharply last month and foreclosures surged in the first quarter, according to reports released Thursday.
After the Bank Failure Comes the Debt Collector
By ERIC LIPTON
Mark Schiefelbein for The New York Times
Bob and Katherine Shoulders face foreclosure on their fitness club in Fayetteville, Ark., after their bank failed and the loan was sold off by the F.D.I.C.
Some small-business owners are in peril of foreclosure after their loans, once held by banks that have since failed, were bought by junk-loan buyers intent on collecting either the cash or the collateral.
For Wall Street, a Barrage of Mixed Messages
By JACK HEALY and DAVID JOLLY
Shares were mixed in early trading after JPMorgan Chase reported earnings that topped forecasts.
Profit Down, but JPMorgan Tops Forecasts
By ERIC DASH
The $2.1 billion profit in the first quarter could give investors hope that the banking stocks have reached a bottom.
Mall Operator Files for Bankruptcy
By MICHAEL J. DE LA MERCED
The bankruptcy of General Growth Properties marks one of the biggest commercial real estate collapses in U.S. history.
China’s Economic Growth Slows in First Quarter
By KEITH BRADSHER
Strong investment spending and retail sales helped prevent falling exports from dragging down economic output even further.
Despite Profit Decline, Optimistic Words at Nokia
By KEVIN J. O'BRIEN
The cellphone maker reported its worst quarterly profit in more than a decade, but the company’s shares rallied after the chief executive suggested the worst for the industry may be over.
2 Companies Will Partner on H.I.V. Drugs
By THE ASSOCIATED PRESS
GlaxoSmithKline and Pfizer will pool their resources in order to create a company that will develop and sell H.I.V. medicines.
Times Will Cut Sections to Lower Costs
By RICHARD PÉREZ-PEÑA
Several weekly sections will be eliminated, with other parts of the newspaper absorbing some content, in an effort to save millions of dollars.
Newsprint Maker Seeks Bankruptcy Protection
By REUTERS
AbitibiBowater, the largest North American newsprint maker, filed for bankruptcy protection after it failed to secure support for its proposed restructuring plan.
Deals Help China Expand Sway in Latin America
By SIMON ROMERO and ALEXEI BARRIONUEVO
China’s loans are locking in access to natural resources and filling a vacuum of influence from the U.S.
Pipe Made in India Incenses Illinois Town
By LOUIS UCHITELLE
Unions began to widen their efforts against imported steel after a train’s foreign freight for an oil pipeline project was spotted in Granite City, Ill.
Audio Slide Show: Anger and Outrage in Illinois
Video Prank at Domino’s Taints Brand
By STEPHANIE CLIFFORD
A video prank two Domino’s Pizza employees posted online has shown how social media has the reach and speed to turn tiny incidents into marketing crises.
Unsure of Saturn’s Fate, Dealerships Are Closing
By NICK BUNKLEY
General Motors has urged Saturn dealers to be patient as it explores selling or spinning off the brand.
Delphi Faces a Deadline on G.M. Aid
By MICHAEL J. de la MERCED
The auto parts supplier was expected to emerge quickly from bankruptcy, as it is said G.M. would if it filed, but that has not been the case.
U.S. Won’t Cite China Over Its Currency
By EDMUND L. ANDREWS
The Obama administration declined to cite China as a country manipulating its currency to gain unfair trade advantages.
For Young Japanese, It’s Back to the Farm
By HIROKO TABUCHI
A pilot program, part of a Japanese stimulus package, aims to fill a rural labor shortage while creating jobs for the nation’s underemployed.
Slide Show: Back to the Land in JapanAdvertising
‘Stimulus’ Works Its Way to Madison Avenue
By STUART ELLIOTT
As marketers remake campaigns to address the recession, scores of advertising campaigns are incorporating the word “stimulus.”
Credit Card Processor Asked for Offshore Data
By LYNNLEY BROWNING
The I.R.S. wants to force the First Data Corporation to turn over account information on scores of merchants.
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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: Milestones in the Carmakers’ Crisis
Major events in the automakers’ decline and rescue efforts.
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.
Chief Is Gone, But Not the Office Bill
Time Warner plans to spend $776,000 this year to provide its ex-chairman with an office and secretarial services.
US backing can’t dispel Citi credit concerns
April 15, 2009
US shouldn’t fear greater disclosure on stress tests
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Today's Columnist
State of the Art
The Quest to Shrink the S.L.R.
By DAVID POGUE
Canon and Nikon introduce similar mini-S.L.R.’s, but with marked differences once you look closely.
Post a CommentEarnings
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How Do You Feel About the Economy?
Enter the word that best describes your mood.
Anger and Outrage in Illinois
Imported pipe from India has inflamed public sentiment in one Illinois steel town, raising suggestions of protectionism in the process.
Back to the Land in Japan
Japan’s aging farmers are in need of hearty workers. Young people from cities, stuck in low-wage jobs, are increasingly interested. And the government is helping put them together.
Picturing the Global Recession
The Times wants to publish your photographs of the economic downturn in an online readers’ album.
Geography of a Recession
Updated: A map of unemployment rates across the United States, now through January.
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Credit Crisis — The Essentials
A continuously updated summary of credit crisis developments.
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