Financial news on March 01, 2008
Business and Financial news
There are plenty of industries that have historically done well in recessions — particularly those that serve basic needs like food, energy and health care. Read more..
Warren Buffett’s annual letter to shareholders, which was released Friday, has become something of a business institution, with the hope that he will shed light on his investments. Read more..
Rob Katz, chief executive of Vail Resorts, recently discussed global warming; Vail’s focus, environmental and otherwise; and his company’s customers. Read more..
Four people will testify that they paid Anthony Pellicano to wiretap their adversaries illegally and listened as he played back the results, prosecutors say. Read more..
Consumers, long held up as the saviors of the American economy as it rose, are taking some of the blame for its fall. Read more..
American International Group said Friday that the head of its financial products unit was stepping down after the insurer reported $11.1 billion in losses on contracts sold to fixed-income investors. Read more..
Widespread calls by political leaders to overhaul the health care system have hit the stocks, as has consternation over the feeble state of the industry leaders’ pipelines. Read more..
The Standard and Poor’s 500-stock index and the Dow Jones industrial average capped their worst four months since 2002. Read more..
A $40 billion Air Force contract for aerial refueling tankers is now partly in the hands of a foreign company. Read more..
Countrywide Home Loans engaged in questionable conduct in a bankruptcy case involving two borrowers, the United States Trustee contended in a lawsuit filed Thursday. Read more..