Financial news on May 9th, 2009
Business and Financial news
Wells Fargo and Morgan Stanley quickly raised more than $15 billion between them, easing concerns about luring private investors to recapitalize the banks. Read more..
AT&T, the country’s second-biggest wireless phone company, agreed Friday to pay $2.35 billion in cash to buy assets put up for auction by Verizon Wireless. Read more..
Warren E. Buffett’s company attributed the loss to write-downs on its ConocoPhillips stake and derivatives. Read more..
With 8 percent of the Mexican economy based on tourism, the flu epidemic has been a disaster. But Mexico’s government is trying to lure tourists back. Read more..
Edward B. Montgomery, the director of recovery for auto communities and workers, toured Michigan to “listen to people on the ground.” Read more..
Readmitted patients cost the government billions, but hospitals that curb return trips are not rewarded. Read more..
The recession is forcing a return to a culture of thrift that many economists say could last well beyond the recovery. Read more..
Salary set aside by highly paid workers in accounts to lessen tax burdens would almost certainly be lost if your employer were to file for bankruptcy. Read more..
Animals have medical bills, too. Here are some ideas about how to keep them under control. Read more..
The economy lost 539,000 jobs in April, a sign that the relentless pace of job losses was starting to level off. Read more..