Financial news on November 07, 2009

Business and Financial news
Broader Measure of U.S. Unemployment Stands at 17.5%

The official jobless rate excludes millions of people who have given up looking for work and part-time workers who want to be working full time. Read more..

By DAVID LEONHARDT - The New York Times

Car Buyers Come Back, but Not in Droves

A factor causing sluggishness may be that auto companies produced and, with discounts, sold too many cars in the years before the recession. Read more..

By FLOYD NORRIS - The New York Times

European Bankers Defend Their Pay and Bonuses

Regulators, central bankers and citizens are criticizing bankers for continuing large compensation packages while receiving government funds. Read more..

By JULIA WERDIGIER - The New York Times

Founders Win a Piece of Skype From eBay

The founders of Skype will drop their lawsuits against the company and a consortium of buyers who bid to purchase Skype. In exchange, the founders will get a 14 percent share in the new Skype. Read more..

By BRAD STONE - The New York Times

Gauging the Risks From a Smoker’s DNA and History

To take Synergenz’s Respiragene test, consumers swab the inside of a cheek to get DNA and send the sample to a laboratory in Kentucky. The Synergenz Web site says a physician is required to sign a form requesting the test. The Respiragene te... Read more..

By ANDREW POLLACK - The New York Times

G.M. Executive Quits Over Opel Decision

The head of European operations for General Motors quit after the automaker backed out of a deal to sell its Opel brand, a decision that has angered German workers and government officials. Read more..

By NICK BUNKLEY - The New York Times

Job Cutbacks Rise by 1,200 at a Carrier in Britain

The airline says the additional reductions are necessary in what its chief calls the most difficult year in airline history. Read more..

By NICOLA CLARK - The New York Times

Questioning a Test for Cancer

Scaring people into quitting is the marketing rationale for a new genetic test, which purports to identify which smokers have the highest risk of developing lung cancer. Read more..

By ANDREW POLLACK - The New York Times

Research in Motion Plans Big Share Buyback

Stock in the company, creator of the BlackBerry smartphone, has lost about a third of its value since September. Read more..

By IAN AUSTEN - The New York Times

U.S. Unemployment Rate Hits 10.2%, Highest in 26 Years

The number of unemployed rose to 15.7 million in October, as 190,000 nonfarm jobs were lost, the government said, and economists do not expect relief until next year. Read more..

By PETER S. GOODMAN - The New York Times

See what else happened on November 07, 2009