RENEE MONTAGNE, host: NPR's business news starts with a major newspaper in danger of folding.</s>RENEE MONTAGNE, host: The newspaper is the Boston Globe. The New York Times is in a standoff with workers at the Globe. The Times owns the Boston Globe, but it's threatening to shut down the storied New England newspaper if it cannot wrench 20 million dollars in cuts out of the paper. All night negotiations ended without resolution. This morning, two of the newspaper's smaller unions agreed to give up certain benefits, including lifetime job security. But the biggest union at the Boston Globe is still holding out.
The New York Times Co. is in a standoff with workers at The Boston Globe. The Times Co. owns the Globe, and it's threatening to shut down the storied New England newspaper if it can't wrench $20 million in cuts from it.