Financial news on August 1st, 2009

Business and Financial news
As Slump Wanes in India, I.P.O.’s Make a Comeback

As stock markets improve, investment bankers seek out foreign and domestic capital. Read more..

By VIKAS BAJAJ - The New York Times

Cash for Clunkers

What happens behind the scenes to automobiles traded in the cash-for-clunkers program. Read more..

David Frank - The New York Times

E.U. Warms to Lufthansa's Bid for Austrian Airlines

Europe’s antitrust commissioner, Neelie Kroes, said she would approve Lufthansa’s bid for Austrian Airlines with conditions. Read more..

By STEPHEN CASTLE - International Herald Tribune

F.C.C. Looking Into Rejection of Google App for iPhone

The Federal Communications Commission is examining a recent decision by Apple to reject a program that Google had developed for the iPhone. Read more..

By REED ABELSON - The New York Times

High-End Retailers Offering More Discounts

As the recession drags on, luxury retailers’ secret sales, once kept for the stores’ best customers, have spread. Read more..

By STEPHANIE ROSENBLOOM - The New York Times

‘Nice’ Wasn’t Part of the Deal

The banks’ obligation to the taxpayers who saved them is to stay in business. If the people want more, the government has to demand it. Read more..

By JOE NOCERA - The New York Times

Unemployment Up in Europe, but Less Than Expected

European unemployment rose less than economists had forecast in June as the jobless rate in Spain increased less than previously estimated. Read more..

By BLOOMBERG NEWS - The New York Times

U.S. Economic Contraction Slowed in Quarter

The economy shrank at a slower-than-expected annual rate of 1 percent from April through June. Read more..

By CATHERINE RAMPELL and JACK HEALY - The New York Times

Wal-Mart Contests Use of Name by Canadian Union

The world’s largest retailer asked a court in Quebec to stop a union Web site from using the company’s name. Read more..

By IAN AUSTEN - The New York Times

See what else happened on August 1st, 2009