Financial news on August 11, 2007

Business and Financial news
Can the IHOP Corp. Do for Applebee’s What It Did for Itself?

Julia A. Stewart, chairwoman and C.E.O. of the IHOP Corporation, discusses her company, Applebee’s and franchising. Read more..

By MICKEY MEECE - The New York Times

Easy Money Isn’t That Easy

How difficult is it to become an Internet millionaire? With a good idea, not very, says Guy Kawasaki. But the result may not achieve greatness. Read more..

By DAN MITCHELL - The New York Times

Europeans Are Wondering About Subprime Exposure

The problems in the U.S. with the subprime market are raising questions in Europe about whether regulations there force firms to disclose enough about exposure to high-risk assets. Read more..

By JULIA WERDIGIER - The New York Times

Fannie Mae’s Offer to Help Ease Credit Squeeze Is Rejected, as Critics Complain of Opportunism

The nation’s largest buyer of home loans was blocked Friday by federal regulators from expanding its mortgage holdings. Read more..

By ERIC DASH - The New York Times

German Chief Felled by Scandal Returns to Market on Smaller Scale

Heinz C. Schimmelbusch was abruptly ousted as the chief executive of Metallgesellschaft, the German metalworking conglomerate, in 1993. Now, after a decade in the U.S., he is back with a new company. Read more..

By MARK LANDLER - The New York Times

Google Is Closing Its Video Retailing Operation

After buying the video-sharing site YouTube nine months ago for $1.65 billion, Google plans to stop selling television shows on its homegrown video site. Read more..

By BLOOMBERG NEWS - The New York Times

Ignore the Last Few Weeks. It’s Been a Heck of a 25 Years.

Despite the gyrations of the market over the past few weeks, the last 25 years have have seen a remarkable bull market. Read more..

By FLOYD NORRIS - The New York Times

Judge Says Unix Copyrights Rightfully Belong to Novell

A federal judge ruled that Novell, not the SCO Group, is the rightful owner of the copyrights covering the Unix operating system, removing a cloud over open-source software. Read more..

By JOHN MARKOFF - The New York Times

Judge Sides With Broadcom in Qualcomm Patent Fight

Broadcom was tentatively awarded $39.3 million in damages and legal fees on Friday in a patent dispute with a rival chip maker, Qualcomm. Read more..

By BLOOMBERG NEWS - The New York Times

Record U.S. Corn Crop, Up 24%, Is Forecast

Fueled by high prices, farmers planted the most acres of corn since 1944, which is expected to result in a harvest nearly a quarter bigger than last year’s. Read more..

By BLOOMBERG NEWS - The New York Times

See what else happened on August 11, 2007