Financial news on April 4th, 2009

Business and Financial news
AbitibiBowater Is Said to Seek New Deal on Debt

The newsprint maker, which has $6 billion of debt, was negotiating Friday with its lenders after an earlier plan failed to gain enough support. Read more..

By MICHAEL J. de la MERCED - The New York Times

Bank Chief Asks Britain to Call Off Public Anger

The chairman of Royal Bank of Scotland called for an end to ‘‘public flogging’’ for past mistakes, because it exacerbated the bank’s problems rather than solved them. Read more..

By JULIA WERDIGIER - International Herald Tribune

Downturn Pushes More Toward Bankruptcy

Filings for bankruptcy protection soared to the highest level since October 2005, when a federal law made bankruptcy more difficult and expensive. Read more..


Empty Tables Threaten Some Restaurant Chains

A steep drop in business has made some restaurant chains regret expanding so quickly before the recession. Read more..

By ANDREW MARTIN - The New York Times

Google’s Plan for Out-of-Print Books Is Challenged

A legal settlement giving Google online rights to out-of-print orphan books is being challenged in court. Read more..

By MIGUEL HELFT - The New York Times

In London, the Anti-Luxury Guru

Cath Kidston has created a thriving midlife business recreating the flowery ambience of her English childhood into affordable products. Read more..

By BENJAMIN SEIDLER - International Herald Tribune

Service Industries Contracted in March

The Institute for Supply Management’s index, which covers 18 industries, fell at a faster pace than expected in March. Read more..

By BLOOMBERG NEWS - The New York Times

Ticketmaster Receives Subpoenas on Ties to Resellers

Ticketmaster Entertainment said it had received subpoenas from the Justice Department and the Federal Trade Commission for information about its agreements with ticket resellers. Read more..

By BLOOMBERG NEWS - The New York Times

Times Co. Said to Consider Closing Boston Globe

The company is looking for $20 million in savings from The Globe in the form of pay cuts and the cessation of pension contributions, according to a person briefed on the talks. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Wall St. Manages to Keep a Rally Alive

At the end of the week, markets on Wall Street managed to eke out a small gain for the day after some strong gains for the week. Read more..


See what else happened on April 4th, 2009