Business with Reuters - International Herald Tribune

Brendan Smialowski for The New York Times

Journalists jostled for position as Senator Christopher Dodd, right, waited to speak on Capital Hill on Monday.

Bailout plan talks advance in U.S. Congress

By DAVID M. HERSZENHORN

Discussions with the Bush administration have addressed measures such as increased oversight and aid for homeowners at risk of foreclosure.

MARKETS

European stocks follow Asia lower; oil declines

By MATTHEW SALTMARSH AND HEATHER TIMMONS

European stocks followed Asian indexes lower Tuesday as investors remained concerned about economic fallout from the U.S. bailout and despite a moderating in the price of oil.

MARKETS

Crude futures fall after Monday's spike

By MATTHEW SALTMARSH

Some of the technical factors that had caused the surge overnight were absent from the market, as declining stock prices and the soft dollar signaled investor concern over the U.S. government bailout of Wall Street.

NEWS ANALYSIS

In bailout, economists see need for a penalty

By PETER S. GOODMAN

Even as most economists say the crisis justifies an expensive intervention, there is disagreement over how much of the cost will end up being a subsidy to giant financial firms.

Wall Street giants try to reinvent themselves

By BEN WHITE AND LOUISE STORY

As Morgan Stanley and Goldman Sachs restructure as regulated bank holding companies, Wall Street will be an arena of greater stability and smaller profits.

Nomura to acquire Lehman's Asian units

Reuters, AP, NYT

A Nomura Securities branch in Tokyo. The bank's executives visited Hong Kong over the weekend to propose buying Lehman's flagship stock brokerage and investment banking divisions in Asia.

Nomura Holdings agreed Monday to buy Lehman Brothers' Asia-Pacific units, and the bank was close to sealing a similar deal for Lehman's businesses in Europe.

Lawsuit claims fund gave heads up to some investors

By DIANA B. HENRIQUES

An investor has sued Reserve Fund, a big mutual fund operator, accusing it of giving a heads up to some investors about impending losses.

Short-sell ban list grows, as do questions

By MICHAEL J. DE LA MERCED

Nearly all major U.S. banks and large insurance companies are on the list of companies that American regulators are protecting from short-sellers.

Video: Wilbur Ross on short-selling excesses

This Christmas season, tense times for U.S. retailers

By STEPHANIE ROSENBLOOM

Not only are retailers grappling with a sputtering economy, but the credit crisis is making it harder for them to finance operations.

Video: Retailers expect challenges

Microsoft, Hewlett-Packard and Nike announce buyback of shares

By MICHAEL M. GRYNBAUM

Microsoft said it would buy back $40 billion of its shares, HP would repurchase $8 billion in shares and Nike said it would take on $5 billion.

With Google phone, HTC gains fame

By MIGUEL HELFT AND LAURA M. HOLSON

Cher Wang, chairwoman of HTC, has become a billionaire after founding the company in 1997.

For much of the past decade, the Taiwanese manufacturer operated in relative obscurity as a contract manufacturer for many carriers, but that is set to change Tuesday.

Power from the sea stirs the imagination

By KATE GALBRAITH