Financial news on November 10th, 2007
Business and Financial news
While Friday’s settlement of Vioxx lawsuits at $4.85 billion seems steep, two years ago some analysts estimated that it would cost Merck as much as $25 billion. Read more..
After eras of empire builders and repair experts, management thinkers say the current environment demands yet another kind of C.E.O.: the team builder. Read more..
A surge in export sales, fueled by the dollar’s record-low value against the euro, sent the United States trade deficit to its lowest level in more than two years. Read more..
The tax bill would shield millions from the alternative minimum tax next year, paid for by ending tax breaks for private-equity funds and hedge funds. Read more..
Batteries are like so many products today: too many choices with too little information and too much hype. Read more..
BHP Billiton, the world’s largest mining company, sees demand from China fueling a long-term run in commodities prices, and intends to continue its quest to buy rival Rio Tinto. Read more..
A jury found that a California mall owner had tried to block the Cheesecake Factory chain from opening a restaurant in a rival shopping center. Read more..
Some firms hire consultants to help them lay off staff; five predictors of success in a career; Nasdaq offers help to firms looking for board members and more. Read more..
H. Thomas Bryant, C.E.O. of mattress-maker Tempur-Pedic International, talks about the market, the housing slump and the business of a good night’s sleep. Read more..
With water systems aging and environmentalists attacking bottled water for defiling the planet with plastic, its a great time to be selling water filters and reusable bottles. Read more..