Financial news on November 13, 2010

Business and Financial news
Nonprofit Fund’s Grant Process Is Audited for Possible Conflicts

The audit stemmed from questions about potential conflicts of interest at the Social Innovation Fund, which distributes federal money to promising nonprofits. Read more..

By STEPHANIE STROM - The New York Times

Rolls-Royce Blames A380 Emergency on Engine Part

The company said a “specific component in the turbine area” caused an oil fire that forced an A380 Airbus to make an emergency landing in Singapore last week. Read more..

By NICOLA CLARK - The New York Times

Shares and Commodities Fall on Currency Concerns

Declines occurred after world leaders meeting at the G-20 meeting came up with an agreement that fell short of the White House’s goals for trade surpluses and deficits. Read more..

By CHRISTINE HAUSER - The New York Times

The Mirage of Lower Trade Imbalances

What looked like smaller trade deficits and surpluses during the global recession only reflected the shrinkage in trade. As trade revives, so do those imbalances. Read more..

By FLOYD NORRIS - The New York Times

Two More Defendants in Galleon Case to Cooperate

Thomas Hardin and Franz Tudor agreed to cooperate with prosecutors after pleading guilty last year to conspiracy and securities fraud, the United States attorney’s office says. Read more..

By BLOOMBERG NEWS - The New York Times

When a Safety Net Is Yanked Away

Plan for the possibility of long-term care costs, but don’t assume that insurance will be the guaranteed answer. Read more..

By RON LIEBER - The New York Times

See what else happened on November 13, 2010