Financial news on January 12, 2008
Business and Financial news
Tiffany’s weak holiday sales sent jitters through the luxury-goods industry, which had seemed invulnerable to the economic slowdown. Read more..
Northern Rock, one of Europe’s biggest casualties of the credit crisis, sold some of its mortgage portfolio to JPMorgan Chase. Read more..
Legislation pending in Congress could spur still more people to choose Chapter 13 to save their homes. Read more..
Planned weekend talks could promise a major break in the entertainment industry’s labor troubles. Read more..
New York State prosecutors are investigating whether Wall Street banks withheld information about the risks posed by investments linked to subprime mortgages. Read more..
Shares in the Italian oil company Eni dipped Friday following an unconfirmed report that Kazakhstan was poised to cancel a contract to develop the Kashagan field. Read more..
Can Europe’s economy stay on track even if the U.S. economy goes off the rails? This old question is being asked with new urgency across the Continent. Read more..