Financial news on September 01, 2007

Business and Financial news
Bush Plans a Limited Intervention on Mortgages

President Bush announced several steps to help Americans who have credit problems meet the rising cost of their housing loans. Read more..

By STEVEN R. WEISMAN - The New York Times

Chief Says Fed Is Ready to Act on Credit Pinch

Ben S. Bernanke said the central bank “stands ready to take additional actions as needed” to prevent chaos in the mortgage markets from derailing the economy. Read more..


Citigroup Buys Parts of a Troubled Mortgage Lender

Citigroup is buying the assets of the subprime lender ACC Capital Holdings, which said on Friday that it would close. Read more..

By ERIC DASH - The New York Times

Firm Is Issued Subpoena in Inquiry on Student Loans

The New York attorney general Andrew M. Cuomo has subpoenaed the First Marblehead Corporation as part of his investigation of the student-loan industry in the United States. Read more..

By BLOOMBERG NEWS - The New York Times

Google Settles Trademark Suit

Google settled a lawsuit with American Blind and Wallpaper Factory, which had claimed advertisements on Google Web pages infringed trademarks. Read more..

By BLOOMBERG NEWS - The New York Times

Hey, Who’s He? With Gwyneth? The Google Guy

One Google engineer has had his picture taken with more than 100 luminaries who have visited the company. Read more..

By STEVE LOHR - The New York Times

Overseas, a Rosier Picture for Magazines

George Green, C.E.O. of Hearst Magazines International, discusses why magazines can still thrive outside the United States. Read more..

By CLAUDIA H. DEUTSCH - The New York Times

Pay at Investment Banks Eclipses All Private Jobs

Investment banking paid an average weekly wage of $8,367, compared with $841 for all private sector jobs. Read more..

By DAVID CAY JOHNSTON - The New York Times

Save, Save. Don’t Splurge on a Piggy Bank, a Tin Can Will Do.

Saving money may not be the sexiest financial move, but it’s probably the most important. Read more..

By SHIRA BOSS - The New York Times

When Bulls and Bears Act Unruly on a Seesaw

In the past, wild swings in share prices, like those seen last month, have sometimes indicated that markets were turning in a different direction. Read more..

By FLOYD NORRIS - The New York Times

See what else happened on September 01, 2007