Financial news on January 13, 2007

Business and Financial news
A Lot of Uncertainty, Except on Wall Street

Stocks rallied despite uncertainty, suggesting investor optimism, in part because of acceleration of the sustained fall in energy prices. Read more..

By MARK A. STEIN - The New York Times

AOL, Now Focused on Free, Sells Its Paid Music Service

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..

By SAUL HANSELL - The New York Times

China’s ‘Leninist Corporatism’

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..

By DAN MITCHELL - The New York Times

In Gadgets, Excitement Is in the Price

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..

By DAMON DARLIN - The New York Times

Oil Companies Attack Legislation Aimed at Tax Incentives

The nation’s oil and gas companies angrily denounced an effort to repeal billions of dollars worth of incentives. Read more..

By EDMUND L. ANDREWS - The New York Times

Scrutiny for Loans by Allied Unit

Federal investigations into small-business loans issued by a unit of the Allied Capital Corporation are growing. Read more..

By JULIE CRESWELL - The New York Times

U.S. Official Sees Opening for Revival of Trade Talks

Susan C. Schwab said she was optimistic that the Doha trade negotiations could be restarted, but added that there were still obstacles. Read more..

By JOHN ZAROCOSTAS - The New York Times

Wal-Mart Chooses Ad Agencies Yet Again

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..

By STUART ELLIOTT - The New York Times

With Ousters, EMI Group Is Said to Be Packaging Itself for Sale

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..

By JEFF LEEDS and ERIC PFANNER - The New York Times

Yury Golubev, 64, a Founder of Yukos Oil, Dies

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..

By THE NEW YORK TIMES - The New York Times

See what else happened on January 13, 2007