Financial news on June 6th, 2009

Business and Financial news
Appeals Court Refuses to Block Chrysler’s Sale

Chrysler’s sale to Fiat is on hold until Monday while Indiana’s pension funds appeal to the Supreme Court. Read more..

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

Canada’s Jobless Rate Is 8.4%, an 11-Year High

A government agency calculated that 41,800 jobs were lost in May, more than the 36,000 bank analysts anticipated in a consensus forecast. Read more..

By IAN AUSTEN - The New York Times

Consumer Credit Fell $15.7 Billion in April

Borrowing by American consumers dropped by the second-biggest amount on record in April. Read more..

By BLOOMBERG NEWS - The New York Times

Cost-Effective Ways to Fight Insomnia

Sleep problems afflict millions of people, but there are measures people can take. And a new mattress isn’t necessarily one of them. Read more..

By LESLEY ALDERMAN - The New York Times

F.D.I.C. Opts to Close Atlanta Bank

Silverton Bank, a ”bankers’ bank,” was closed after talks collapsed between federal regulators and four buyout firms. Read more..

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

In a Shake-Up, Jackson Hewitt Names a New Chief

Shares in Jackson Hewitt Tax Service rose the most in almost five years after naming Harry Buckley as chief executive to run the company. Read more..

By BLOOMBERG NEWS - The New York Times

Jobs Report Unnerves the Credit Markets

Mixed signals from the government’s employment report are giving investors reason to be cautious. Read more..

By JACK HEALY - The New York Times

Mattel to Pay $2.3. Million Penalty for Lead in Toys

The company will pay a $2.3 million civil penalty in an agreement with the Consumer Product Safety Commission for selling toys with hazardous levels of lead. Read more..

By BLOOMBERG NEWS - The New York Times

Mining Giant Scraps China Deal

The deal, which would effectively have expanded Chinalco’s stake of 9.3 percent in Rio Tinto to 18.5 percent, had drawn stiff political opposition in Australia. Read more..

By DAVID BARBOZA and MICHAEL WINES - International Herald Tribune

Tobacco Regulation Bill Is Expected to Pass Senate

A final vote on landmark cigarette legislation could take place on Wednesday. Read more..

By DUFF WILSON - The New York Times

See what else happened on June 6th, 2009