Financial news on January 9th, 2010

Business and Financial news
A Bizarre Year for the Estate Tax Will Require Extra Planning

For various wealth levels, estate planning this year may require new strategies. Read more..

By PAUL SULLIVAN - The New York Times

A Sri Lankan Underdog Battles Global Tea Giants

Facing competition from global tea giants, a tea grower has followed other Sri Lankan businesses in becoming a specialist producer of exclusive products. Read more..

By VIKAS BAJAJ - The New York Times

CanWest Newspaper Unit Files for Bankruptcy

The group’s parent, CanWest Global Communications, sought bankruptcy protection as part of the sale process. Read more..

By IAN AUSTEN - The New York Times

Giuliani’s Misstatement, but Stephanopoulos’s Red Face

George Stephanopoulos’s handling of a misstatement by Rudolph W. Giuliani about terrorism raises criticism. Read more..

By BRIAN STELTER - The New York Times

In Europe and U.S., Data Shows Murky Job Outlook

Joblessness in the U.S. held steady at 10 percent, while the Euro-zone economy hit double-digits for the first time, a sign that recovery could occur at different paces. Read more..


Japan Airlines Closes in on Potential Bankruptcy

Government officials suggested Asia’s largest airline would undergo a court-led restructuring, a bold step for the new government of Prime Minister Yukio Hatoyama. Read more..

By HIROKO TABUCHI - International Herald Tribune

Los Angeles Times Sets Early Press Time for First Section and Starts Late News Pages

The paper is introducing a 6 p.m. press time for its front section and an inside section of late-breaking news, to go to press at 11:30 p.m. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

New Investment Tools Approved by Regulator in China

China said that it would permit stock index futures, short selling and trading on margin, making its capital market system more sophisticated. Read more..

By DAVID BARBOZA - International Herald Tribune

Obama Tries to Turn Focus to Jobs, if Other Events Allow

President Obama is finding that it can be hard to focus on the lackluster employment situation when so many other issues demand attention. Read more..

By JACKIE CALMES - The New York Times

The Damage of Card Rewards

Fees that merchants build to cover rewards programs lead to higher prices, which are passed on to poorer consumers. Read more..

By RON LIEBER - The New York Times

See what else happened on January 9th, 2010