Financial news on September 12th, 2010
Business and Financial news
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..
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..
A special committee has recommended that top leaders during the 2008 crisis be indicted on negligence charges. Read more..
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..
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..
At this year’s Fashion Week, all shoppers can watch shows online and, in some cases, order what they see. Read more..
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..