Financial news on December 4th, 2010

Business and Financial news
A Happy Ending to a Raw, but Common, Tale

Lilla Roberts fell behind on her mortgage for a while over a paying history of around 20 years. But her modification was so sloppily handled, she could have lost her home. Read more..

By JOE NOCERA - The New York Times

China to Tighten Monetary Policy

China says it needs to adjust monetary policy to slow growth, meaning the renminbi could appreciate somewhat. Read more..

By EDWARD WONG - The New York Times

Hermès Falls as Holders Discuss Takeover Defense

Shares of Hermès International fell 9.3 percent in Paris on Friday in connection with the unwelcome interest of Bernard Arnault, the chief of LVMH Moët Hennessy Louis Vuitton. Read more..

By DAVID JOLLY - The New York Times

Thinking Ahead for Pets, Including Insurance and Trusts

Animal lovers responded to a column on pet costs with opinions on veterinary fees and the emotional connections between pets and owners. Read more..

By PAUL SULLIVAN - The New York Times

Treating Eating Disorders and Paying for It

Eating disorders may persist for years, wreaking havoc on health, personal relationships and often on family finances because the care can be so expensive. Read more..

By LESLEY ALDERMAN - The New York Times

Value Sinking Fastest on Homes Priced Low to Start

The least expensive homes saw the highest surge in price during the bubble, and now they’re suffering the most. Read more..

By FLOYD NORRIS - The New York Times

Why Savings Account Rates Are So Pathetic

Financial institutions are paying next to nothing on savings accounts and not much more on certificates of deposit. What’s a saver to do? Read more..

By RON LIEBER - The New York Times

See what else happened on December 4th, 2010