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New York Times
As Its Arms Industry Withers, Russia Looks Abroad for Weapons Once-legendary Russian weapons are suffering embarrassing quality control problems, and Russia’s own military is in talks with France to buy assault ships. UBS Pushes Swiss Officials for an End to Tax Dispute Bank is pushing the Swiss government to pass a treaty with the United States that would resolve a dispute over tax-evading client. Payback Time: Patchwork Retirement Plan Adds to Greece’s Debt Woes Greece’s retirement plan, which lets 14 percent of its work force retire early, has become divisive in Europe. China Warns Google Again After C.E.O.’s Remarks A top Chinese regulator warned bluntly that any move by Google to stop censoring its Chinese search engine would draw a response from Beijing. Trichet Sides With Advocates of Crackdown on Banks The European Central Bank president, Jean-Claude Trichet, sharpened his criticism of the banking industry, and seemed to single out hedge funds. Lehman Brothers Hid Borrowing, Examiner Says The bank used accounting gimmicks to hide its weakness in the months before its bankruptcy, a report says. Europe Rebuts U.S. Criticism of Hedge Fund Rules The European Union said its new hedge fund rules were in line with policies previously agreed upon by the world’s biggest countries. Obama Focuses on Yellen and 2 Others to Fill Fed Board The administration on Friday identified two economists and a lawyer as its choices to fill vacancies on the central bank’s board of governors. Strike Is Set After Talks Fail at British Airways British Airways cabin crew are preparing to walk off the job for seven days later this month after talks with management broke down without an agreement. Terra Finally Accepts CF Industries' Takeover Bid CF Industries Holdings will acquire Terra Industries for $4.7 billion, ending one of the longest takeover battles in recent memory. A Mixed Close to a Mild Week on Wall Street Shares initially gained after a rise in retail sales was reported, but slipped after a disappointing report on January’s business inventories. U.S. Retail Sales, Topping Forecasts, Rose 0.3% in February When car and gas sales were excluded, the gain was 0.9 percent, raising hopes that confidence was growing. Avastin Fails Clinical Trial for Prostate Cancer The miss in prostate cancer follows a similar disappointment with Avastin in gastric cancer but success in ovarian cancer.
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