Financial news on July 3rd, 2010

Business and Financial news
$800 Million in Stimulus Will Expand Broadband

The president said 66 new infrastructure projects would create 5,000 jobs and encourage economic development in rural and low-income areas. Read more..

By REUTERS - The New York Times

Bypassing Equity Funds, Wealthy Families Try Direct Investing

The very rich are exploring direct investments into private companies. Key factors include a desire for more control despite the risks. Read more..

By PAUL SULLIVAN - The New York Times

Drop in Factory Orders Raises Recovery Concerns

The 1.4 percent drop in orders for manufactured goods in May was the biggest decline since March 2009. Read more..

The associated press - The New York Times

E.U. Plans to Deal With Debt Crisis Run Into Bumps

The massive euro-zone safety net is being delayed by a change in government in Slovakia, while some German banks are resisting release of stress test data. Read more..

By DAVID JOLLY and JACK EWING - The New York Times

Hearings That Aren’t Just Theater

Members of the Financial Crisis Inquiry Commission wield a kind of understated pointedness that is more effective than a dozen angry diatribes. Read more..

By JOE NOCERA - The New York Times

Like Vinyl Records

More white squares than we’ve ever seen in a daily Times puzzle. Read more..

By PATRICK MERRELL - The New York Times

Making Ends Meet

A space-saving puzzle by Patrick Blindauer and Tony Orbach. Read more..

By PATRICK MERRELL - The New York Times

Markets Head Into Holiday on a Losing Streak

With an overall decline of 5 percent, it was the first week without a gain since the depths of the financial crisis. Read more..

By CHRISTINE HAUSER - The New York Times

Well-Supplied Acrostic

Today’s quote may not seem timely, but it is. Read more..

By PATRICK MERRELL - The New York Times

What Recovery? For the Unemployed, the Pain Gets Worse

Businesses and Wall Street are on the rebound, but people out of work or underemployed continue to suffer as benefits expire and job searches fail. Read more..

By ALINA TUGEND - The New York Times

See what else happened on July 3rd, 2010