Financial news on June 2nd, 2007

Business and Financial news
Cars Outsell Light Trucks for First Time Since 2002

More cars than light trucks were sold in the U.S. last month, as gasoline prices nationwide soared to more than $3 a gallon. Read more..

By NICK BUNKLEY - The New York Times

China’s Investors Pull Back, but U.S. Bull Is Unfazed

Chinese markets swooned, but American investors reached new heights. The World Bank has big money-raising needs for its new leader. Read more..

By JEREMY W. PETERS - The New York Times

For Pornographers, Internet’s Virtues Turn to Vices

The online availability of free or low-cost photos and videos has taken a fierce toll on sales of X-rated DVDs. Read more..

By MATT RICHTEL - The New York Times

How the Bancrofts Decided to Talk With Murdoch

The shift from rejecting Rupert Murdoch’s bid for Dow Jones to agreeing to meet with him occurred in many small steps. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

More Advice Graduates Don’t Want to Hear

Divert 10 percent of your income to savings; ignore raises and put them into savings, too; learn to cook; and skip the lattes. Read more..

By DAMON DARLIN - The New York Times

Several Signs the Economy Is Reviving

The longevity of this rebound depends on whether incomes and spending will grow enough to reduce the drag from the housing market. Read more..

By JEREMY W. PETERS - The New York Times

The Long Life Span of a Housing Downturn

There are few economic trends harder to measure than home prices, given that every home is unique. Read more..

By FLOYD NORRIS - The New York Times

See what else happened on June 2nd, 2007