Financial news on March 7th, 2009

Business and Financial news
1,000 Stanford Financial Workers Dismissed to Save Company Assets

Salaries and benefits for about 85 percent of the company’s employees in the U. S. were discontinued, a court-appointed receiver announced. Read more..

By CLIFFORD KRAUSS - The New York Times

AnnTaylor Stores Posts a Loss and Revenue Falls 20%

The retailer of women’s business attire said its fourth-quarter loss widened as consumers pared spending on clothes amid the recession and the company took a $286.6 million write-down. Read more..

By BLOOMBERG NEWS - The New York Times

Some Consolation for Those in the Top Tax Bracket

A few shrewd decisions now can lower tax bills under the 39 percent rate President Obama proposes. Read more..

By PAUL SULLIVAN - The New York Times

See what else happened on March 7th, 2009