Financial news on March 08, 2008

Business and Financial news
A Construction Sector, Once Robust, Now Falters

Some nonresidential construction sectors, whose share of construction had risen to a 15-year high, appear increasingly hesitant to spend and overall construction spending has begun to fall. Read more..

By FLOYD NORRIS - The New York Times

Avoiding a Problem C.E.O.

A dozen warning signs that boards should be looking for in executives, before they name them C.E.O.’s. Read more..

By PAUL B. BROWN - The New York Times

Concern in Europe on Cellphone Ads for Children

Driven in part by a lack of knowledge over the long-term health effects of mobile phone use, parent groups in Europe have called for a ban on marketing to children. Read more..

By DOREEN CARVAJAL - The New York Times

Hefty Raises at Goldman Sachs

The investment bank announced its two co-presidents would receive $67.5 million each, a 27 percent pay increase. Read more..

By BLOOMBERG NEWS - The New York Times

Last Things Can’t Wait Till Last

The unpleasant perspective of considering one’s mortality should not derail us from pulling together a “what if” plan. Read more..

By M. P. DUNLEAVEY - The New York Times

Lilly Waited Too Long to Warn About Schizophrenia Drug, Doctor Testifies

Lilly hid Zyprexa’s risks, such as the possibility of causing severe weight gains and blood sugar changes, from doctors to protect the drug’s sales, an expert witness told jurors on Friday. Read more..

By ALEX BERENSON - The New York Times

Manage Money Like a Star

A Web site uses celebrity news to lead into lessons of personal finance, with sometimes hilarious results. Read more..

By DAN MITCHELL - The New York Times

MBIA, the Bond Insurer, Asks Fitch to Quit Rating Some Units

MBIA raised $3 billion in capital, eliminated its dividend and shut its asset-backed insurance business for six months to overcome losses on subprime mortgages. Read more..

By BLOOMBERG NEWS - The New York Times

Rolling and Unraveling Through Thick and Thin and Smoking the Result

Having smoked cigars for over 30 years, I held the art of cigar rolling in high esteem. I did not want to desecrate it simply for the sake of a whimsical executive pursuit. Read more..

By HARRY HURT III - The New York Times

Tight Credit, Tough Times for Buyout Lords

The Ides of March has arrived early for the buyout lords of Wall Street, as the intensifying credit crisis humbles some of the industry’s once-celebrated deal makers. Read more..

By LANDON THOMAS Jr - The New York Times

See what else happened on March 08, 2008