Financial news on January 05, 2008

Business and Financial news
Fruitcake Might Be a Better Gift

With the holiday season now behind us, the nation is awash in gift cards, as stores sold many more in 2007 than they did the year prior. Read more..

By DAN MITCHELL - The New York Times

Hedging Their Way to Billions

Through the first nine months of 2007, three hedge fund managers had made more than $1 billion. Read more..

By PAUL B. BROWN - The New York Times

How Long Will Profits Slump?

After increasing at double-digit rates for most of the last five years, corporate profits are about to decline for the second straight quarter, if analysts are correct. Read more..

By CONRAD de AENLLE - The New York Times

In Chinese Factories, Lost Fingers and Low Pay

Worker abuse is still commonplace in many of the Chinese factories that supply Western companies, according to labor rights groups. Read more..

By DAVID BARBOZA - The New York Times

Intel Quits Effort to Get Computers to Children

Intel and the One Laptop Per Child group had a rocky relationship from the start in their short-lived effort to get inexpensive laptops into the hands of the world’s poorest children. Read more..

By JOHN MARKOFF - The New York Times

Noontime Web Video Revitalizes Lunch at Desk

For Web video, lunchtime has become the new prime time, and media companies have started responding. Read more..

By BRIAN STELTER - The New York Times

The Appetite for Securities Turns Less Hearty

The underwriting totals for late 2007 reveal just how hard life became for those charged with selling new securities on Wall Street. Read more..

By FLOYD NORRIS - The New York Times

The (Possible) Perils of Being Thirsty While Being Green

I have the usual New Year’s resolutions — exercise more, lose weight, be a nicer person. I also hope to find out if I am inadvertently poisoning my children. Read more..

By ALINA TUGEND - The New York Times

Unemployment Sounds Warning About Economy

Economists viewed a surge in unemployment as the most powerful sign to date of a possible recessionary downturn. Read more..

By PETER S. GOODMAN and MICHAEL M. GRYNBAUM - The New York Times

See what else happened on January 05, 2008