Business news for Mon, 24 Dec 2007 & with word facing. 9 news.

A Citigroup analyst left a lump of coal for Och-Ziff Capital Management, the hedge fund that went public last month. The analyst, Prashant Bhatia, began covering the fund with a “hold” rating, writing in his research note that Och-Ziff might be facing headwinds for the forseeable future. For Mr. Bhatia — who acknowledges that his firm [...]

Maxjet Airways Inc., facing financial losses because of rising fuel prices, has ceased operations and is filing for federal bankruptcy protection. (CAL)

Maxjet Airways Inc., facing financial losses because of rising fuel prices, has ceased operations and is filing for federal bankruptcy protection. (CAL)

RETAILERS are facing their bleakest Christmas trade in years with fewer shoppers coming through the doors and predictions of lower spending.

During a Dec. 7 symposium conducted by the Urban League of Philadelphia, a panel of public policy makers, academics and opinion leaders talked about the problems facing African Americans and potential solutions. The discussion came on the date of the release of the State of Black Philadelphia report (See highlights on facing page), which assessed the state of blacks in the city in several categories, including economics and health. Panelists pointed out that African Americans are the largest racial group in the city, at 44 percent, followed by whites at 42 percent.

Americans are falling behind on their credit card payments at an alarming rate, sending delinquencies and defaults surging by double-digit percentages in the last year and prompting warnings of worse to come.

Gordon Brown, UK prime minister, was facing further political embarrassment over his government's mishandling of personal data after the Department of Health confirmed...

Gordon Brown was facing further political embarrassment over the government's handling of personal data