Financial news on October 10th, 2009

Business and Financial news
Banks Said to Settle Suit Over Mortgage Lender

JPMorgan Chase, Bear Stearns, Morgan Stanley and Credit Suisse Group agreed to pay $100 million to settle a lawsuit over their roles in the bankruptcy of a Philadelphia mortgage lender, a lawyer said. Read more..

By BLOOMBERG NEWS - The New York Times

Boston Globe’s Fate Remains Unclear

Budget-cutting has improved The Globe’s finances enough that the Times Company might not sell the newspaper. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Citigroup Sheds Energy Unit and Its $100 Million Trader

With the sale of the energy-trading unit to Occidental, Citigroup could potentially avoid controversy over the compensation of Andrew J. Hall, who ran the firm. Read more..

By ERIC DASH and JACK HEALY - The New York Times

Crisis Leaves Europe in Slow Lane

As Asia and the U.S. emerge from the global economic crisis, Europe appears likely to be the world’s laggard. Read more..


Debt Trips Up Hinckley, Venerable Yacht Maker

Hinckley Yachts, known for beautiful sailboats and sleek powerboats, lost business when the economy faltered, but debt made its problems even worse. Read more..


New Way to Tap Gas May Expand Global Supplies

Huge new reserves of natural gas, especially in Europe, could alter the political landscape for energy, experts say. Read more..

By CLIFFORD KRAUSS - The New York Times

Seeing the Future in 3-D Television

Japanese manufacturers hope 3-D technology can differentiate their high-end televisions from their lower-priced rivals’. Read more..

By HIROKO TABUCHI - The New York Times

The Annual Task of Choosing an Insurance Plan

Health insurance costs will be higher, and defaulting to your current plan could cost you hundreds of dollars. Read more..

By LESLEY ALDERMAN - The New York Times

The Divided States of Health Care

Those who lack health insurance are far more likely to live in Republican states, according to a Census survey. Read more..

By FLOYD NORRIS - The New York Times

When Open-Enrollment Envelopes Arrive, Open Them

This year, more than ever before, it is important to read the fine print in notices offering the opportunity to switch health insurers. Read more..

By WALECIA KONRAD - The New York Times

See what else happened on October 10th, 2009