STEVE INSKEEP, host: NPR's business news starts with no news about the future of the Boston Globe.</s>STEVE INSKEEP, host: The talks aimed at saving New England's major daily newspaper are still at an impasse, which means The Boston Globe still faces the possibility of closure. In a small reprieve, the Globe's owner, the New York Times Company did not file a shutdown notice with federal authorities, as it had threatened to do late Sunday night. The Times is trying to extract $20 million in concessions from workers. Yesterday, managers reached agreements with six of the Boston paper's seven unions. The largest union, with about 600 workers, is still holding out, and a key sticking point is the Times demand that the union give up job guarantees to make it easier to fire people and cut costs.
The Boston Globe and its largest union say they plan to talk some more but negotiations have reached an impasse, largely over lifetime job guarantees. The 137-year-old newspaper says the guarantees have to end for it to survive. The Globe's owner, the New York Times Co., struck agreements with six of seven unions in an effort to cut $20 million in annual costs.