Financial news on December 1st, 2007
Business and Financial news
Google could use the frequencies to offer nationwide wireless broadband access, competing with DSL and cable. Read more..
Consumer groups are rushing to create systems that aim to make sense of conflicting health claims on food labels. Read more..
Congressional negotiators reached a deal on legislation to require automakers to achieve 35 miles per gallon on average by 2020. Read more..
Mr. Smith tried to modernize the automaker during the 1980s but instead became associated with its decline. Read more..
Montana school districts, cities and counties withdrew $247 million from the state’s $2.4 billion investment fund over the past three days after officials said the rating on one of the pool’s holdings was lowered to default. Read more..
Prosecutors raided a financial arm of Samsung in Seoul, South Korea, searching for evidence of a slush fund as they expanded an investigation into a corruption scandal. Read more..
A hedge fund manager known for shareholder activism has pursued MBIA Inc. with sheer, obsessive doggedness. Read more..
NBC laid off the non-writing staff of its two late-night entertainment shows due to the strike by Hollywood scriptwriters. Read more..
The top executive ranks at the big Wall Street firms remain largely devoid of women seen with a viable chance of becoming chief executive anytime soon. Read more..
Treasury officials said they were pleased by the progress in persuading mortgage lenders to agree to a temporary rate freeze on subprime loans to avert foreclosures. Read more..