Financial news on November 11th, 2006

Business and Financial news
Are High Credit Ratings Just a Thing of the Past?

Of the companies receiving their first ratings from Standard & Poor’s this year, fewer than 10 percent received investment grade. Read more..

By FLOYD NORRIS - The New York Times

As Rally Ages, Old Standbys Take the Lead

Nearly all of the 10 largest contributors to the return this year in Standard & Poor’s 500-stock index are longstanding marquee names in corporate America. Read more..

By CONRAD de AENLLE - The New York Times

Bill Allowing More Drilling Along Coasts Appears Dead

The recent Democratic victory likely obliterates the chance to open the seas off the Atlantic and Pacific coasts to oil and gas drilling. Read more..

By CLIFFORD KRAUSS - The New York Times

Jobs of Investment Bankers Appear to Be Safe

Even more than usual, it was a good week to be an investment banker. Read more..

By MARK A. STEIN - The New York Times

PlayStation 3 on Rescue Mission

Sony badly needs for PlayStation 3 to be a long-term hit to recover from its current decline and regain its title as global innovator. Read more..

By MARTIN FACKLER - The New York Times

Russia Near Deal to Join the W.T.O.

Russia drew closer to membership in the World Trade Organization after reaching an agreement on issues raised by the United States. Read more..


The Paradoxes of Businesses as Do-Gooders

If corporate social responsibility becomes a core business model, it won’t be because corporations have led the way. It will be because the rest of us have. Read more..

By JOE NOCERA - The New York Times

Treat Your Customers Well

The primary source of revenue — customers — can also be the biggest pain in the neck when it comes to trying to turn a profit. Read more..

By PAUL B. BROWN - The New York Times

Utility in Spain Says It Is in Merger Talks

Iberdrola confirmed that it was in merger talks with ScottishPower, an international energy company. Read more..

By BLOOMBERG NEWS - The New York Times

What’s Next, a MySpace Profile?

It’s a sign of how slow the government is with the Internet when the chairman of the S.E.C. posts to a blog, and it is seen as remarkable. Read more..

By DAN MITCHELL - The New York Times

See what else happened on November 11th, 2006