Financial news on March 03, 2007

Business and Financial news
A Plunge, Mixed Data and Some Mixed Messages

Worries about the global economy rattled stock markets around the world this week, paring billions from the value of investors’ holdings. Read more..

By MARK A. STEIN - The New York Times

Authorities Investigate Big Lender

Authorities are investigating stock sales and accounting errors at the New Century Financial Corporation, which specializes in subprime lending. Read more..

By VIKAS BAJAJ and JULIE CRESWELL - The New York Times

EMI’s Board Rejects Warner’s $4.1 Billion Bid as Inadequate

EMI said Warner Music’s cash offer was not in the best interest of shareholders and placed too low a value on the company. Read more..

By JEFF LEEDS - The New York Times

Finding Safe Picks in a Downturn

The sharpest reversals of fortune in the stock market could be experienced in what have been some of the hottest sectors. Read more..

By CONRAD DE AENLLE - The New York Times

Give Me a Double Shot of Starbucks Nostalgia

There are two Howard Schultzes. One loves the smaller, more personal chain that Starbucks once was. The other understands Wall Street’s needs. Read more..

By JOE NOCERA - The New York Times

Markets End a Down Week on a Down Note

Stocks extended their slump today, finishing their worst week since January 2003. Read more..

By VIKAS BAJAJ and JEREMY W. PETERS - The New York Times

Oil Company Revives Suit on Avoidance of Royalties

The lawsuit could allow energy companies to avoid as much as $60 billion in royalties to the government over the next two decades. Read more..

By EDMUND L. ANDREWS - The New York Times

On Charging Batteries, Trusting Children and Washing Fruit

Who out there keeps track of how long a phone is left in its charger? Read more..

By ALINA TUGEND - The New York Times

U.S. Is Investigating Trades Made Just Before TXU Deal

Regulators froze more than $5.3 million that they suspect may be profits from insider trading of TXU stock options. Read more..

By ERIC DASH - The New York Times

When It Comes to House Prices, the Bloom Is Off the Cactus

Home prices are not very far below peak levels in most markets, but continued weakness could change that. Read more..

By FLOYD NORRIS - The New York Times

See what else happened on March 03, 2007