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As the pirates creep closer to Somalia and escape, America dare not use its military might and Richard Phillips's fate is in the balanceNegotiations over the american captain taken hostage by Somali pirates broke down last night as the lifeboat in which he is being held edged closer to the Somali coastline.The New York Times last night revealed further details on the discussions between officials from both countries, which foundered when American officials insisted the pirates be arrested. Elders representing the pirates refused.Friends of Captain Richard Phillips told the newspaper of their worst fears with time running out before the lifeboat drifts closer to Gara'ad, a notorious pirate den in north-east Somalia.Laura Wells, the owner of Wells Corner Market not far from Phillips's home in Underhill, Vermont, reacted with dismay to the news that negotiations had broken down. 'It unfortunately tells me that the captors feel they have some kind of advantage,' she said. 'If the navy is g

Firms, Organizations and Contracts: A Reader in Industrial Organization (Oxford Management Readers) (Paperback)By Peter Buckley Buy new: $99.99$99.9922 used and new from $12.98 customer rating: First tagged 'business' by BYF 'Backyard Flix' Customer tags: industrial organization, regulation, markets, legal, capitalism, business, business and economics

It's the earnings, stupid. Optimism that the fortunes of financial companies like Citigroup were improving sparked a four-week rally beginning March 10 that drove the Standard & Poor's 500 index up 25 percent. But now investors will find out exactly how...

Hopes raised by a five-week rally in stocks will be challenged next week as big banks such as J.P. Morgan Chase and Citigroup report quarterly earnings results that may have benefited from recent accounting changes.

Detroit signed forward Johan Franzen to an 11-year, $43.5 million deal Saturday, keeping him off the free-agent market and retaining talent that helped the Red Wings win the Stanley Cup.

For those concluding their service in the Armed Forces this year, facing a bleak job market can be a tough assignment.

Somehow, in the U.K., where the government has even more cameras than Google, the company is again being accused of being evil. Is this another example of its badness? Or does Google just need better marketing?

The five-week old stock rally faces its biggest test yet this week: The arrival of the first big basket of what is likely to be a rotten batch of quarterly results.

The Meatball Phantom chucks another empty marinara-stained plastic container in the back of his car. This particular container is from Lorimer Gourmet Market in Williamsburg, Brooklyn, the sixth of seven stealth tastings the Phantom will make today.

With 401Ks and IRAs plummeting, more people who would have been contemplating retirement are keeping their jobs, or looking for new work, often competing with much younger applicants for fewer and fewer jobs.