Financial news on September 2nd, 2006
Business and Financial news
The chairman, president and chief executive of the hotel company Wyndham Worldwide spoke about the prospects of 10 lodging brands competing in a thriving market. Read more..
More cautious market watchers may not expect an imminent decline, but they express doubts about what lies beyond the next several months. Read more..
Christopher F. Calger, a former vice president said his guilty plea should be withdrawn because he did what his supervisors asked him to do for Enron’s benefit. Read more..
The move was in response to appeals by the United States to give greater voting share to fast-growing countries. Read more..
The magazine Business 2.0 offers a rundown of invention ideas from venture capitalists and the amounts they are offering for people willing to carry out their ideas. Read more..
Job growth is reaching its peak, confirming that economic activity is slowing to a more sustainable rate. Read more..
Sales at Ford fell for the seventh consecutive month while General Motors gained market share but announced that it would cut production 12 percent in the fourth quarter. Read more..
The low unemployment rate has come about despite a slow rate of job creation. Read more..
Detroit companies are counting on the crossover, a vehicle that looks like an S.U.V. but is built on the underpinnings of a car, to fill the sales void left by S.U.V.’s. Read more..
Ruth’s Chris Steak House was the first company to abandon New Orleans after Hurricane Katrina. Ever since, some have wondered if Ruth Fertel, the company’s founder, would have done the same. Read more..