Financial news on September 12, 2010

Business and Financial news
BAE’s Asset Sales: Cutting as Defense Spending Falls

The defense giant is seeking to shed noncore assets for as much as $2 billion as government military spending is expected to fall. Read more..

By MICHAEL J. DE LA MERCED - The New York Times

Hertz and Dollar Thrifty Agree to New $1.43 Billion Deal

Hertz Global Holdings agreed on Sunday to raise its takeover offer for the Dollar Thrifty Automotive Group to about $1.4 billion in stock and cash, trumping a rival offer from the Avis Budget Group. Read more..

By MICHAEL J. DE LA MERCED - The New York Times

Iceland Considers Charges in Nation’s Banking Collapse

A special committee has recommended that top leaders during the 2008 crisis be indicted on negligence charges. Read more..

By BLOOMBERG NEWS - The New York Times

Inflation in China Is Rising at a Fast Pace

From street markets to corporate offices, consumers and executives alike in China are trying to cope with rising prices. Inflation is also accelerating. Read more..

By KEITH BRADSHER - The New York Times

To Create Jobs, Nurture Start-Ups

New research suggests that, when it comes to job creation, start-ups are the real drivers, making an outsize contribution to innovation, productivity gains and job growth, The New York Times’s Steve Lohr writes in the Unboxed column. Read more..

By DEALBOOK - The New York Times

Watching the Catwalk, and Clicking ‘Add to Cart’

At this year’s Fashion Week, all shoppers can watch shows online and, in some cases, order what they see. Read more..

By STEPHANIE CLIFFORD - The New York Times

World Panel Backs Rules to Avert Banking Crises

Top central bankers and bank regulators agreed on far-reaching new rules for the industry that that more than triple the amount of capital that banks must hold in reserve as a shield against financial disasters. Read more..

By DEALBOOK - The New York Times

See what else happened on September 12, 2010