Financial news on January 13, 2007
Business and Financial news
Stocks rallied despite uncertainty, suggesting investor optimism, in part because of acceleration of the sustained fall in energy prices. Read more..
After six years of trying to build an online music service, AOL agreed to sell its AOL Music Now to Napster for $15 million. Read more..
In his new book, Will Hutton writes that China is ruled by a “Leninist corporatism” that threatens to unravel all the economic progress the country has made. Read more..
For consumer electronics makers, the faster pace of price-cutting seemed to be even more of an obsession than a revolutionary new device. Read more..
The nation’s oil and gas companies angrily denounced an effort to repeal billions of dollars worth of incentives. Read more..
Federal investigations into small-business loans issued by a unit of the Allied Capital Corporation are growing. Read more..
Susan C. Schwab said she was optimistic that the Doha trade negotiations could be restarted, but added that there were still obstacles. Read more..
Wal-Mart chose the Martin Agency and MediaVest five weeks after overturning decisions to hire the Draft FCB Group as the lead agency to create ads. Read more..
The dismissal of two top executives may have been a precursor to a radical reorganization of the company and a new drive to explore a sale or merger. Read more..
Yury A. Golubev is credited with helping to create Yukos, Russia’s most prominent and successful company until the government began to dismantle it in 2003. Read more..