Financial news on July 10, 2010

Business and Financial news
As Elmer Fudd Would Say …

Ed Sessa channels a notoriously unsuccessful rabbit hunter. Read more..

By JIM HORNE - The New York Times

Fiat to Move Panda Production to Italy

The Italian carmaker said it would spend $886 million to move the new compact from a plant in Poland despite an unresolved labor dispute. Read more..

By THE ASSOCIATED PRESS - The New York Times

How the Rich and Famous Can Stay Rich (if Not Famous)

The shrewdest musicians, artists and actors have conservative investment profiles. Entertainers’ paydays are irregular, and their careers are short. Read more..

By PAUL SULLIVAN - The New York Times

New Rules May Cloud the Outlook for Biomass

In Massachusetts and elsewhere, environmentalists are questioning the clean and renewable energy claims made by developers of biomass power. Read more..

By TOM ZELLER Jr - The New York Times

Nickel Miners in Ontario Vote to End Strike

Workers at Vale’s nickel mine and smelter in Sudbury, Ontario, ratified a contract that would end a strike that had lasted nearly a year. Read more..

By IAN AUSTEN - The New York Times

Salon Operator Says Revenue Missed Its Forecast

The Regis Corporation, a hair salon operator, reported fourth-quarter revenue that fell short of market expectations. Read more..

By REUTERS - The New York Times

U.S. Widens Tax Inquiry Into HSBC

Prosecutors are looking into whether “there’s a UBS-style situation of a bank actively marketing” tax evasion services, said a person briefed on the proceedings. Read more..

By LYNNLEY BROWNING - The New York Times

Wall St. Hiring in Anticipation of an Economic Recovery

While much of the country remains fixated on the bleak employment picture, hiring is beginning to pick up in the place that led the economy into recession. Read more..

By NELSON D. SCHWARTZ - The New York Times

Wholesale Inventories Increased, but Sales Dipped in May

The decline in sales is another sign that the recovery may be losing its momentum. Read more..

By THE ASSOCIATED PRESS - The New York Times

With Its Economy Strong, South Korea Raises Rates

Projecting growth of 5.8 percent and with an eye on inflation, Korea became the latest country in the Asia-Pacific region to raise the cost of borrowing. Read more..

By BETTINA WASSENER - The New York Times

See what else happened on July 10, 2010