oil spikes on supply concern

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Tuesday, May 20, 2008
Business World U.S. N.Y. / Region Business Technology Science Health Sports Opinion Arts Style Travel Jobs Real Estate Autos Media & Advertising World Business Small Business Your Money DealBook Markets Research Mutual Funds My Portfolio Alerts Publishing Outsider Picked to Head Random House
By MOTOKO RICH 8:50 AM ET
After weeks of speculation, Bertelsmann chose Markus Dohle, the head of its printing unit, to run the division.

Oil Spikes on Supply Concerns
By THE ASSOCIATED PRESS 45 minutes ago
The latest surge comes after OPEC’s president was quoted as saying his organization won’t increase its output before its next meeting in September.
Stocks Drop as Oil Tops $129 a Barrel
By THE ASSOCIATED PRESS 25 minutes ago
Investors reacted to record oil prices and a report that raised concerns about inflation’s impact on consumer spending.
Wholesale Inflation Slowed in April
By THE ASSOCIATED PRESS 10:57 AM ET
Inflation at the wholesale level slowed last month after a huge increase in March although prices for a number of items from prescription drugs to pasta shot upward.
Home Depot Is Latest to Feel the Slowdown
BYREUTERS 42 minutes ago
Home Depot reported a 66 percent drop in quarterly profit as the housing slowdown hurt sales and it took a charge to close stores and cut back expansion plans.
Target Profit Drops Nearly 8%
By THE ASSOCIATED PRESS 9:50 AM ET
The retailer said profit fell on higher costs and softer-than-expected sales, but the results beat Wall Street estimates.
Senate Leaders Agree on Housing Aid
By DAVID M. HERSZENHORN
Senate leaders reached a deal on housing legislation that might meet Bush administration approval.

Times Topics: Mortgages and the Markets Air Taxis Fly Into Financial Turbulence
By JOE SHARKEY
The development of the air taxi business, built upon the proposal that commercial air service has become increasingly unreliable for business travel, is threatened by the credit crunch.

Times Topics: Air Travel Economic Tide Is Rising for Repo Man
By DAVID STREITFELD
The recreational boating industry has faltered amid the housing slump, leading to a boom in repossessions.

CNBC Video: Rising Seas for Boat Repossessions Slide Show: A Voyage to Default Owner of Bill Blass Faces Cash Shortage After Acquisition
By MICHAEL BARBARO
The fast-growing buyout firm that owns Bill Blass, Athlete’s Foot and Maggie Moo’s appeared to be on the verge of financial collapse on Monday.
Court Upholds Tax Exemptions for Municipal Bonds
By LINDA GREENHOUSE
A longstanding practice by many states to tax the interest on out-of-state municipal bonds, but not the interest on their own, is not a case of unfair protectionism, the Supreme Court ruled on Monday.
News Analysis
Reaching Well Beyond the Farm
By DAVID M. HERSZENHORN
Few pieces of legislation generate the level of public scorn heaped upon the farm bill, but few pieces of major legislation get such overwhelming bipartisan support.

Rising Food Prices Sharpen a European Debate Google Offers Personal Health Records on the Web
By STEVE LOHR
The Internet search giant joins other companies, all hoping to capitalize on the potential of Internet tools to help consumers manage their own health care.

Times Topics: Google Inc. Former AOL Executives Sued in Ad-Revenue Case
By TIM ARANGO
The S.E.C. filed fraud charges against eight former AOL executives over an accounting procedure that caused the company to overstate its advertising revenue by more than $1 billion.

S.E.C. Announcement Netflix to Sell a Device for Instantly Watching Movies on TV Sets
By SAUL HANSELL
Netflix, which will begin marketing the device on Tuesday, will not charge customers beyond their normal subscription fee.

Newspapers on Upswing in Developing Markets Buffett’s Shopping Trip to Europe Draws a Crowd Leading Bidder Emerges to Lease a Toll Road On the Road: In Today’s Air Travel, Stress and Comfort Mix Index Implies Slowdown May Prove a Short One Advertising: Britain Tries to Lower the Volume on Commercials Words of Caution Deflate Optimism Shares of Bell Canada Drop as a Buyout Deal Unravels Gain From Godiva Lifts Campbell Profit as Soup Sales Fall Lowe’s, Hurt by the Slump in Housing and the Economy, Reports Profit Fell 18% Rising Food Prices Sharpen a European Debate Dell’s Finance Chief to Step Down Details of Microsoft Offer to Yahoo Bits: Apple Looking for More Mobile Music Memo Pad Frequent Flier: Upset by Fumes and a Visit by the Biohazard Team 2 at BAE Detained
MEDIA & ADVERTISING»
The True Story of a Script, Big Dreams and Vanishing Private Equity Al Jazeera English Tries to Extend Its Reach WORLD BUSINESS»
Banks’ Terms Imperil Deal to Buy Out Bell Canada Al Jazeera English Tries to Extend Its Reach SMALL BUSINESS»
If It’s Eye Care Technology, This Must Be Orange County For Customer Service, Please Read (Instead of Holding) YOUR MONEY»
How to Stop Inflation From Devouring a Portfolio Who Needs to Travel When There’s Home? Business Headlines
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DealBookDeals in a Downturn
When the going gets tough, that may be the best time to try a merger, a recent study suggests.

Go to DealBook »

Today's Columnist
Dealbook
A Gamble, but What if He Wins?
By ANDREW ROSS SORKIN
Carl Icahn, the corporate raider turned activist investor, is gambling to bring Microsoft back to the bargaining table and buy Yahoo.

More From DealBook | Times Topics: Microsoft-Yahoo Deal CNBC Video: Microsoft Revives Yahoo Interest Details of Microsoft Offer to Yahoo
Earnings
Medtronic Profit Beats Expectations 9:30 AM ET Staples Profit Edges Higher 10:00 AM ET Saks Posts Higher Quarterly Profit 9:28 AM ET
TV Decoder
The Upfronts
The networks announce new shows, reveal 2008-09 television schedules and try to entice advertisers.

Most Recent Updates Upfronts 101
Special Series in Business
Age of Riches The Energy Challenge The Food Chain Golden Opportunities Health Plans In God’s Name Jackpot Blogs

Today in Bits: And the Winner of the Game Console Wars Is...

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Floyd Norris: Notions on High and Low Finance
A bank started by the father of mortgage securitizations, Lew Ranieri, admits it hid losses. Can it survive?

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White House Complains About NBC’s Edit of Bush Interview, and more.

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Lessons From My First Boss
Reflections on a first job show that staying in the wrong position can sometimes be a smart move.

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Business Columnists
David Carr (Mon.)Andrew Ross Sorkin (Tue.)David Leonhardt (Wed.)David Pogue (Thurs.)Floyd Norris (Fri.)Joe Nocera (Sat.)Gretchen Morgenson (Sun.)News from AP & Reuters »
Goldman, UBS And Morgan Stanley Agree on Dark Pools
16 minutes ago
Wall St Drops as Oil, Data Fan Inflation Fear
34 minutes ago
Stocks stumble after record oil, inflation worries
40 minutes ago
Fed's Kohn: U.S. Rates Appropriate
42 minutes ago
Oil crosses $129 for first time, heads for $130
58 minutes ago
Agriculture futures rise; livestock mostly higher
10:58 a.m.
From the Magazine
Can a Dead Brand Live Again?
Rob Walker, the "Consumed" columnist for the Sunday Magazine, takes a look at reviving old brands and what brands mean to us.

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Podcast
Weekend Business
This week: Jeff Sommer and Jad Mouawad on gas prices; Brad Stone on enterprises spanning charity and sex-related Web sites, and Mark Hulbert on a bullish