Financial news on June 13th, 2009
Business and Financial news
Despite warnings, some consumers were not ready for the full transition from analog TV to digital broadcasts. Read more..
Executives from G.M. and Chrysler defended their decisions to shut down 2,000 dealerships, telling skeptical lawmakers that the cull was needed for the carmakers’ survival. Read more..
Cravath, Swaine & Moore offers incoming lawyers $80,000 to defer starting dates and restricts starts of summer associates hired for full-time positions. Read more..
The rising tide of gout is leading the pharmaceutical industry to rediscover what seemed a disease of the past. Read more..
Government regulators essentially told Ally, an online arm of GMAC, it is paying too much in interest, though depositors can get still higher rates elsewhere. Read more..
Stronger regulation of executive compensation at all banks is vital to restrain the risk-taking that has cost taxpayers billions of dollars. Read more..
The third generation of the gas-electric car was an instant hit in Japan, where plants are working 24 hours a day. Read more..
If Taiwan Semiconductor, one of the world’s most formidable manufacturers, moves into solar cells and LED lights, prices could fall sharply. Read more..
A coal plant is to be built that will store nearly all of its emissions underground to avoid contributing to global warming. Read more..
Decades ago, the drug allopurinol was a godsend for gout sufferers. Now, the race is on to find an updated medicine with fewer side effects. Read more..