Financial news on August 5th, 2006

Business and Financial news
A Concern That Consumers Will Stop Spending

SOARING temperatures across much of the country and escalating violence in the Middle East kept energy prices high, making some economists worry that consumers may stop spending — or that concern about rising prices generally will push up interest... Read more..

By MARK A. STEIN - The New York Times

Adobe Reaches Far and Wide

The company’s chief executive spoke about how far-reaching Adobe has become in Americans’ daily lives. Read more..

By JUSTON JONES - The New York Times

A New Business Model

Crutchfield, a Web site with product reviews, invites people to call them for free technical support. What are they, nuts!? Haven’t they learned anything from the computer industry? Read more..

By DAVID POGUE - The New York Times

Another Ex-General Re Official Is Under Investigation by U.S.

Berkshire Hathaway said that another former executive of its reinsurance unit was being investigated by the Justice Department. Read more..

By BLOOMBERG NEWS - The New York Times

At A.M.D., a Quiet Doer Gets His Due

Hector de J. Ruiz, a patient listener, grew up poor in Mexico and became chief executive of Advanced Micro Devices. Read more..

By JOE NOCERA - The New York Times

Automaker Reaches Settlement in Sexual Harassment Suit

Toyota said it had reached a settlement in a sexual harassment lawsuit filed against a former top executive by another employee. Read more..


Getting Away on Any Budget

Budget Travel identifies “four friendly cities” where “you can walk everywhere you want to go,” and are consistent with the magazine’s name. Read more..

By PAUL B. BROWN - The New York Times

Job Growth Slackened Last Month

Unemployment jumped to 4.8 percent and job growth was slow, the strongest evidence yet of a weakening economy. Read more..

By LOUIS UCHITELLE - The New York Times

Rivers of Oil Traced to the Sources

A correspondent for The Chicago Tribune managed to trace the origins of the gasoline sold at a station near Chicago. Read more..

By DAN MITCHELL - The New York Times

Talk Turns to Chances of Recession

The evidence of deceleration is leading some investment advisers to express concern that a recession may lie around the bend. Read more..

By CONRAD de AENLLE - The New York Times

See what else happened on August 5th, 2006