Financial news on February 07, 2009

Business and Financial news
Actors’ Union, Recast, Prepares to Resume Talks

The Screen Actors Guild appears to have been substantially weakened by the infighting that has dragged out the bargaining process. Read more..

By EDWARD WYATT - The New York Times

Changing Times for a Maker of Very Important Paper

Charles Kittredge, chairman and chief executive of Crane & Company, a fine stationary producer, discussed the company’s evolution. Read more..

By PATRICIA R. OLSEN - The New York Times

Deferred-Prosecution Deals Said to Be Declining

A study reports that 16 deals were signed with companies last year, down from a record high of 40 in 2007. Read more..

By LYNNLEY BROWNING - The New York Times

Europe Also Moves to Limit Executive Pay

An increasing number of European banks are limiting or canceling the high salaries and bonuses once seen as an inalienable right. Read more..

By MATTHEW SALTMARSH - The New York Times

Japan’s Largest Bank Cuts Earnings Outlook

Mitsubishi UFJ Financial joined several domestic rivals in reporting dismal earnings that exposed the strains to the sector from falls in the stock market last year. Read more..

By BETTINA WASSENER - The New York Times

Japan’s Largest Bank Cuts Earnings Outlook

Mitsubishi UFJ Financial joined several domestic rivals in reporting dismal earnings that exposed the strains to the sector from falls in the stock market last year. Read more..

By BETTINA WASSENER - The New York Times

Markets Rise Despite Report

It was the market’s second day of advances in the face of news showing the economy falling deeper into recession. Read more..

By JACK HEALY - The New York Times

Russian Carmaker Avtovaz Idles Its Plants

The decision is an ominous sign for Russian manufacturers already hard hit by the global recession. Read more..

By ANDREW E. KRAMER - The New York Times

Sam Zell’s Empire, Underwater in a Big Way

Few deals better exemplify the excesses of the real estate boom than the Equity Office empire’s dismemberment. Read more..

By CHARLES V. BAGLI - The New York Times

Small Businesses Critical of Stimulus

Some owners and industry lobbyists think the packages ignore the entrepreneurial sector. Read more..

By MICKEY MEECE - The New York Times

See what else happened on February 07, 2009