Edition: U.S. / Global

Wednesday, October 8, 2014

Business

France’s prime minister, Manuel Valls, and Chancellor Angela Merkel of Germany last week.
Odd Andersen/Agence France-Presse — Getty Images

France’s prime minister, Manuel Valls, and Chancellor Angela Merkel of Germany last week.

With new signs of economic trouble emerging, what has been a guiding European economic principle for several years is facing open revolt.

I.M.F. Asks Rich Nations for Support

The International Monetary Fund said that cash-rich countries needed to step up large public investments to help keep the flagging global recovery on track.

Jonathan Hill, Nominee to Oversee E.U. Financial Sector, Makes Fresh Appeal to Lawmakers

The former lobbyist and British Conservative faced more skepticism in a rare second hearing, declining to name banks he had worked for.

DealBook

Profit at Goldman Less Easy to Find

Recent regulations hit hardest on the very businesses, like trading, where Goldman Sachs makes the most money.

DealBook

Goldman Ordered to Pay Some Costs in Libya Case

Libya’s sovereign wealth fund is suing Goldman over $1.2 billion worth of derivative transactions the bank designed and executed in 2008. The bank sought to dismiss the lawsuit but later reversed course.

Amazon’s Tax Deal in Luxembourg Is Latest Target of E.U. Inquiries

The online retailer is just the latest multinational company with a tax structure under scrutiny, and the move could pose trouble for tiny Luxembourg.

Experimental Ebola Drug Puts Its Maker, Chimerix, Back in the Spotlight

After the company drew negative publicity in March for denying a drug to a child, its stock jumped as that drug has shown promise in treating Ebola.

DealBook

Rio Tinto Says It Rejected $150 Billion Merger With Glencore

The merger would have created the world’s biggest mining company, but Rio Tinto said it was committed to remaining independent.

DealBook

Valeant and Pershing Square to Raise Offer for Botox Maker Allergan

The bump in the offer price, to more than $191 a share, or nearly $60 billion in cash and stock, is yet another twist in the year’s longest and most contentious takeover battle.

DealBook

A Former Banker Pleads Guilty in British Libor Case

The former senior banker was the first person in Britain to admit guilt in a criminal case linked to manipulation of the London interbank offered rate.

DealBook

A.I.G. Trial Puts Geithner on the Hot Seat

Timothy F. Geithner, the former Treasury secretary, was a witness in the trial of a lawsuit over the department’s role in the bailout of A.I.G. His book was under scrutiny, too.

DealBook

Fallen Businessman Batista Faces November Trial in Brazil

The Brazilian businessman Eike Batista is accused of profiting from insider information when he sold shares in the oil company OGX, and with manipulating its stock price.

DealBook

Rabobank Suspends 2 London Traders in Currency Review

The foreign exchange traders were suspended by Rabobank after an internal inquiry determined that they had breached bank rules on information sharing.

DealBook

2 HSBC Directors May Leave Over New British Rules on Banking

Two directors may leave HSBC over stricter rules that hold senior bankers in Britain more accountable for misconduct, according to a person with direct knowledge of the matter.

Insight and Analysis
DealBook

Legal Costs Weighed on Wall Street’s First-Half Profits

Wall Street firms’ profit declined 13 percent from results in the period a year earlier, according to a report on Tuesday by the New York State comptroller.

Deal Professor

A 10-Year-Old’s Journey, From Lemonade Stand to Silicon Valley

Vivienne Harr opened a lemonade stand to end child slavery and became an Internet sensation. Her story is a reminder of the power of social media.

DealBook Column

A.I.G. Bailout, Revisionists’ Version

Maurice R. Greenberg, A.I.G.’s former chief and a large shareholder, has spun a ludicrous tale in court that the bailout of the insurer was unfair to its investors.

The Upshot

Want an Easy Life? Try Canberra, Australia

A new O.E.C.D. report illuminates the vast differences in living standards among “rich” countries, and within them.

Energy Special Section

Reversing the Flow of Oil

As production innovations produce a glut, America moves to the once-unthinkable; exporting petroleum.

Itineraries

Businesses Turn to Airbnb

Airbnb, which lets travelers rent space for short periods, has set up a portal to attract business travelers looking for alternatives to hotels.

On the Road

2,400 Miles, 39,742 Delays and Many Reminders of Air Travel’s Flaws

A trip across the country after a fire at an air-traffic control center illustrated, once again, the inflexibility and inefficiencies of flying in the United States.

Frequent Flier

A Seatmate Whose Face Can’t Quite Be Placed

Alyson Hogg, chief executive and founder of the self-tanning product line Vita Liberata, on unexpected seatmates.

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