Financial news on July 2nd, 2011
Business and Financial news
An Italian town that has been the home of high-end accordion makers for decades has survived by focusing on quality. Read more..
Fixed-rate student loans from banks are a welcome innovation, but they should serve as a reminder of the hazards of this kind of debt. Read more..
A Bayer AG unit will pay $750 million to farmers who said a strain of the company’s genetically modified rice tainted crops in 2006. Read more..
As elected officials try to cash in on fireworks sales in cities and counties where they have long been banned, consumers will find it easier to buy fireworks. Read more..
We’re often told to avoid comparing, but this is both difficult and not necessarily wise advice in all situations. Read more..
Sales across the industry were higher last month compared to a year earlier, but the annualized selling rate fell. Read more..
Summer camps where children learn skills like investing and developing a business plan are one way to increase young people’s financial literacy. Read more..
The company sold more than half its minority ownership to three separate buyers for $117 million. Read more..
The bailout, worth $14.1 billion, raised the specter of balance sheet problems at other Russian banks, which had a tendency during the recession to roll over loans to struggling companies. Read more..
Manufacturers of processed meats like frankfurters are pushing for more accurate labeling rules when it comes to cancer-causing nitrite and nitrate. Read more..