Financial news on August 02, 2008
Business and Financial news
Shareholders in nuclear plant operator British Energy rejected a takeover offer from Électricité de France, but both sides appear to leave the door open for further talks. Read more..
Americans have turned more negative on prospects for the stock market than at any time in the last 20 years, which may be good news for investors. Read more..
Kevin A. Plank is the founder of the company Under Armour, one of the most recognizable athletic brands. Read more..
New-car extended warranties are rarely great deals -- and if you must buy one, not purchasing it rolled up with the new car is often beneficial. Read more..
Payrolls contracted for the seventh consecutive month, but the loss was less than the 75,000 jobs that economists had expected. Read more..
Lufthansa agreed to pay increases for its ground staff, ending the strike that disrupted air traffic in Germany for five days. Read more..
The attorney general of New York, Andrew M. Cuomo, said Citigroup misled investors about the dangers of auction-rate securities and destroyed evidence that his office had requested. Read more..
A defendant in the large tax-shelter case involving former executives of the KPMG accounting firm will be tried separately on charges of personal tax evasion. Read more..
The S.E.C. is investigating whether the company, which publishes several well-known investment newsletters, has overcharged the mutual funds it advises. Read more..
The five largest automakers each reported sales declines on Friday, and the car industry is showing signs that the market is continuing to deteriorate. Read more..