Financial news on December 08, 2007
Business and Financial news
Shares of Amgen had their biggest decline in seven months on Nasdaq Friday after the company reported it might revise the safety information on its biggest product. Read more..
A strike at a Ford Motor Company assembly line in St. Petersburg highlights the tightening labor market in Russia, a problem that would have seemed inconceivable a few years ago. Read more..
Kazakhstan wants to raise its stake or receive compensation for cost overruns and delays in the gigantic Kashagan offshore field, the country’s president said on Friday. Read more..
Banks across the United States have become dependent on construction lending just as that area of the economy is weakening and the number of bad loans is growing. Read more..
McNeil S. Fiske Jr. is trying to work the same magic at Eddie Bauer that he did at Bath & Body Works. Read more..
Consumer Reports, a monthly magazine, continues to thrive with a subscription-only model, even on the Web. Read more..
In some cases, litigation can look more like a racket for income redistribution than a search for fairness. Read more..
Jim Manzi, a longtime software executive, says that economically speaking, carbon taxes could be worse than global warming itself. Read more..