Financial news on May 12, 2007

Business and Financial news
A Contrarian on Retirement Says Wait

An economics professor suggests that retirees should delay collecting Social Security benefits to maximize their returns. Read more..

By DAMON DARLIN - The New York Times

Alcatel Posts Loss on Merger Costs

The telecommunications equipment maker was hurt by costs and accounting changes related to the merger that created the company last year. Read more..

By BLOOMBERG NEWS - The New York Times

Alfred D. Chandler Jr., a Business Historian, Dies at 88

Alfred D. Chandler Jr. argued in almost two dozen books that the emergence of professional management propelled modern capitalism. Read more..

By DOUGLAS MARTIN - The New York Times

Artificial Sweetener Makers Reach Settlement on Slogan

The makers of Equal and Splenda reached an undisclosed settlement over Splenda’s slogan “made from sugar, so it tastes like sugar.” Read more..

By LYNNLEY BROWNING - The New York Times

Battle to Acquire the Chicago Board of Trade Heats Up

The Chicago Mercantile Exchange raised its bid to acquire its crosstown rival, the Chicago Board of Trade, by 16 percent. Read more..

By ALEXEI BARRIONUEVO - The New York Times

Last Big Piece of Russian Oil Giant Is Sold

The headquarters building for Yukos oil company was sold for a startling price to an unknown buyer. Read more..

By ANDREW E. KRAMER - The New York Times

Medical Gear That Rarely Makes News

Edward J. Ludwig, head of Becton, Dickinson, spoke about his company’s product line and its acquisition of GeneOhm Sciences last year. Read more..

By BARNABY J. FEDER - The New York Times

Rates Hold Fast, and Movie Smoking Takes a Hit

Policy makers in Washington kept their eyes on inflation, but held rates steady. In Hollywood, the M.P.A.A. tossed smoking into its ratings system. Read more..

By EDMUND L. ANDREWS - The New York Times

Suspicious Trading on the Rise

Regulators are again knee-deep in insider trading cases, with profiteers spanning the globe, from Hong Kong to lower Manhattan. Read more..

By JENNY ANDERSON - The New York Times

Thomson Agrees to Sell Educational Group

The $7.75 billion deal comes as the Canadian information company ponders a merger with Reuters. Read more..

By IAN AUSTEN - The New York Times

See what else happened on May 12, 2007