Financial news on October 06, 2007

Business and Financial news
$6 Million for the Co-op, Then Start to Renovate

After paying top dollar for an apartment, most buyers among the newly wealthy see the need for more work. Read more..

By CHRISTINE HAUGHNEY - The New York Times

Barclays Withdraws Bid to Take Over ABN Amro

Barclays said that it did not garner enough support from ABN Amro shareholders for its takeover offer. Read more..

By JULIA WERDIGIER - The New York Times

G.M. Pact Calls for a Push for Health Care Reform

G.M. has agreed to spend up to $15 million over the next few years to establish an institute to develop strategies for national health care reform. Read more..

By MICHELINE MAYNARD and MARY M. CHAPMAN - The New York Times

In the Race to Buy Concert Tickets, Fans Keep Losing

Frustration with the speed with which concert tickets sell out, only to be offered by resellers at a higher price, has led to several investigations by state attorneys general. Read more..

By ELLEN ROSEN - The New York Times

Job Growth Looks Rosier, Easing Recession Fears

Job growth was much stronger this summer than the government had first estimated, making it less likely that the Fed will cut interest rates again later this month. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Just to Add to the Pressure, the Name Is Yum

David C. Novak, the chief executive of Yum Brands, says he believes that sharing his mistakes is a good way to teach aspiring executives. Read more..

By TRACIE ROZHON - The New York Times

No U.S. Penalties for Tainted Rice

The United States government will not take action against the German company Bayer for unintentionally allowing genetically engineered rice to contaminate two commercial varieties of the grain. Read more..

By BLOOMBERG NEWS - The New York Times

Sickly Credit Markets Heal a Little as Leveraged Loans Rebound

There are new, if limited, signs of life in the credit markets that seemed to be dying only a few weeks ago. Read more..

By FLOYD NORRIS - The New York Times

Study Questions Medtronic Stent Safety

The new heart stent from Medtronic Inc. has been assocated with more blood clots than a rival product has, federal regulators have concluded. Read more..

By BLOOMBERG NEWS - The New York Times

Wine Made the Co-op Way

In a new model for California vintners, start-ups share supply and distribution but retain the independence of their individual labels. Read more..

By LAWRENCE M. FISHER - The New York Times

See what else happened on October 06, 2007