Financial news on September 6th, 2008
Business and Financial news
In a government filing, the computer company strongly suggested that it planned to close factories as part of its drive to reduce costs. Read more..
Home foreclosures hit another record in the second quarter, but the number of borrowers falling behind on payments dropped for the first time in more than two years. Read more..
A federal judge in Brooklyn decided to unseal confidential materials about Eli Lilly’s top-selling antipsychotic drug, citing questions about the way drugs are approved for new uses. Read more..
I don’t know how any of this stuff works, and I don’t want to pay for it. Yet, I am on the brink of buying an iPhone. Read more..
When you think about it, the sports business in this country is dominated by self-made men looking for mountains to conquer. Read more..
The strike, set to begin early Saturday, could potentially delay an important new aircraft, the Dreamliner. Read more..
For the first time in more than a decade, consumers in much of Europe are buying less than they did a year earlier, helping to slow economies that may have fallen into recession. Read more..
For months, the questions hanging over Fannie Mae and Freddie Mac have unnerved Wall Street and Main Street. Now, some answers are arriving — and with them a host of new questions. Read more..
Wall Street managed a slight gain on Friday, a day after concerns about the economy, and in particular the labor market, sent the Dow plunging. Markets in Europe and Asia ended the day lower. Read more..
The McCain and Obama campaigns responded quickly to a report that the jobless rate jumped to 6.1 percent in August. Read more..