The Latest in New York Times Business
A Contrarian Bets Ireland and Hungary Will Rebound
Michael Hasenstab, whose Franklin Templeton Global Bond Fund owns billions in Irish and Hungarian bonds, is drawing comparisons to the giants of the mutual fund industry.
As Growth Slows, India Awakens to Need for Foreign Investment
India’s central bank and economic analysts predict that growth will fall sharply to 7 percent this fiscal year and remain sluggish.
Walmart to Add ‘Great for You’ Label to Healthy Foods
As part of a plan to improve the nutritional quality of the food it sells, Walmart said that it would begin placing a label with the words Great for You on its Great Value and Marketside food items.
DealBook: Glencore to Buy Full Control of Xstrata for $41 Billion
Glencore International, the world’s biggest commodities trading company, has agreed to buy Xstrata in a deal that would create a company valued at nearly $90 billion.
DealBook: Yahoo Shakes Up Board
Four long-serving directors will leave, and two new members have been named, following the resignation of the co-founder Jerry Yang.
BP Reports Stronger Q4 Earnings in 2011
The British oil company also reiterated its desire for a "fair and reasonable" settlement ahead of a trial on liability for the 2010 Gulf of Mexico oil spill.
Bernanke Defends Fed’s Dual Objectives
The Federal Reserve chairman told senators at a hearing that controlling inflation and unemployment are of equal priority.
