Financial news on September 12th, 2009

Business and Financial news
Charges of Protectionism Greet G.M.’s Deal on Opel

Belgian officials were outraged at expectations that an Opel plant in Antwerp would be closed while German jobs are protected. Read more..

By MATTHEW SALTMARSH - The New York Times

Columbia Investment Fund Fell 16.1. Percent Last Year

Columbia University’s endowment investments lost 16.1 percent in the year that ended June 30. Read more..

By BLOOMBERG NEWS - The New York Times

Ikea Tries to Build Public Case Against Russian Corruption

Ikea executives say they tried to outsmart kickback-seeking electric utility workers by hiring power generators. Then they checked their generator bills. Read more..

By ANDREW E. KRAMER - The New York Times

U.S. Shuts Corus Bank of Chicago

Federal regulators on Friday said they seized Corus Bancshares, a Chicago lender, adding it to the long list of banks that have succumbed this year to the recession and waves of loan defaults. Read more..

By FLOYD NORRIS - The New York Times

Washington Post Executive Quits After a Faux Pas

The official was at the center of the paper’s discredited plan to charge power-brokers for private dinners with the publisher and journalists. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

See what else happened on September 12th, 2009