Financial news on September 06, 2008

Business and Financial news
Dell May Shrink Its Network of Factories

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..

By STEVE LOHR - The New York Times

Foreclosures Rose as Delinquencies Eased in Quarter

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..

By VIKAS BAJAJ - The New York Times

Judge to Unseal Documents on the Eli Lilly Drug Zyprexa

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..

By MARY WILLIAMS WALSH - The New York Times

Justifying the Cost of an iPhone

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..

By M. P. DUNLEAVEY - The New York Times

Leaving Boardroom for Skybox

When you think about it, the sports business in this country is dominated by self-made men looking for mountains to conquer. Read more..

By JOE NOCERA - The New York Times

Machinists Union at Boeing Says It Will Strike

The strike, set to begin early Saturday, could potentially delay an important new aircraft, the Dreamliner. Read more..

By MICHELINE MAYNARD - The New York Times

Now Europeans Are Slower to Spend, and It Shows

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..

By FLOYD NORRIS - The New York Times

Questions, and Hope, on Plans for Mortgage Giants

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..

By VIKAS BAJAJ and ERIC DASH - The New York Times

Stocks Withstand Jump in Jobless Rate

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..

BY MATTHEW SALTMARSH and KEITH BRADSHER - The New York Times

U.S. Jobless Rate Rises Past 6%, Highest Since ’03

The McCain and Obama campaigns responded quickly to a report that the jobless rate jumped to 6.1 percent in August. Read more..

By LOUIS UCHITELLE - The New York Times

See what else happened on September 06, 2008