Financial news on December 8th, 2007

Business and Financial news
Amgen Shares Fall on Safety Concerns

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..

By BLOOMBERG NEWS - The New York Times

In Russia, Ford Hurt by Strike and Rising Pay

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..

By ANDREW E. KRAMER - The New York Times

Kazakh Leader Suggests Way to End Oil Standoff

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..

By DAVID L. STERN - The New York Times

Like Subprime Mortgages, Some Construction Loans Are Delinquent

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..

By FLOYD NORRIS - The New York Times

Looking Back to Eddie Bauer to Rescue Eddie Bauer

McNeil S. Fiske Jr. is trying to work the same magic at Eddie Bauer that he did at Bath & Body Works. Read more..

By TRACIE ROZHON - The New York Times

Success Without Ads

Consumer Reports, a monthly magazine, continues to thrive with a subscription-only model, even on the Web. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

The Pursuit of Justice, or Money?

In some cases, litigation can look more like a racket for income redistribution than a search for fairness. Read more..

By JOE NOCERA - The New York Times

Warming and the Right

Jim Manzi, a longtime software executive, says that economically speaking, carbon taxes could be worse than global warming itself. Read more..

By DAN MITCHELL - The New York Times

See what else happened on December 8th, 2007