Financial news on May 5th, 2007

Business and Financial news
A Comeback for the S.&P. (If the Yardstick Is Dollars)

It has taken 88 months, or nearly three-quarters of the decade, but the American stock market is finally back to where it ended the last decade. Read more..

By FLOYD NORRIS - The New York Times

Being Green Doesn’t Mean Buying More

If you are going to invest extra money in a greener lifestyle, there are plenty of ways to do so that don’t necessarily involve going to the mall. Read more..

By M. P. DUNLEAVEY - The New York Times

Equity Firms Bid for European Tobacco Company

Two private equity groups have made a bid for Altadis, the maker of Gauloises cigarettes, setting the stage for a bidding war. Read more..

By VICTORIA BURNETT - The New York Times

Hedging Hedge Funds

An investment currently being marketed to the rich is trying in essence to hedge a hedge fund, and the approach is bound to be offered to the rest of us soon. Read more..

By PAUL B. BROWN - The New York Times

How Clean Is Your Carbon Credit?

Reports of carbon credit fraud and abuse are piling up. Read more..

By DAN MITCHELL - The New York Times

Jobs Report Is Weaker Than Expected

Businesses added the fewest positions in more than two years, and the jobless rate edged up to 4.5 percent. Read more..

By JEREMY W. PETERS - The New York Times

Keeping Faith in a Venture Built on Faith

Born during the dot-com boom, beliefnet is a company that by all rights should have died with all the other failed ventures when the bubble burst. Read more..

By JOE NOCERA - The New York Times

Proposed Media Deals Signal Upheavals in Financial News

The future of financial news may lie in its global reach, supplied by media giants and distributed digitally. Read more..

By STEVE LOHR - The New York Times

Rumors Fly on Microsoft and Yahoo

Microsoft and Yahoo are discussing a business partnership in their effort to compete with Google. Read more..


Small Businesses’ Premiums Soar After Illness

Small businesses may become a central issue in the debate over the problem of Americans without health insurance. Read more..

By MILT FREUDENHEIM - The New York Times

See what else happened on May 5th, 2007