Financial news on September 13, 2008
Business and Financial news
A large tour operator collapsed, British Airways offered thousands of buyouts and a Virgin Atlantic executive said he would fight to prevent a combination of British Airways with American Airlines. Read more..
More doctors and patients are deciding the risks and uncertainties of defibrillators may outweigh their potential benefits. Read more..
Deutsche Bank, which is heavily dependent on volatile investment banking fees, will be able to sell its real estate and investment services through Postbank’s retail network. Read more..
The mutual fund giant will buy back $300 million worth of auction-rate securities by the end of the year as part of a settlement with the New York attorney general’s office. Read more..
News on the economy was mixed on Friday morning, with the release of a relieving producer price index report and a discouraging retail sales report for August. Read more..
Planning a big event -- a wedding, a bar mitzvah, a 50th anniversary-- can be a little like having a serious ailment. Read more..
Talks have ended because of investors’ inability to reach an accord with the Italian airline’s unions. Read more..
The endowment of Harvard University said Friday that it had earned an 8.6 percent return for the fiscal year, bringing the value of the foundation to $36.9 billion. Read more..
Three top officials convened the heads of Wall Street’s biggest investment banks for an emergency meeting to impress upon them the need to find a plan to rescue Lehman Brothers. Read more..
Regulators are walking a fine line between protecting the government from losses and helping struggling homeowners and the broader economy, according to financial and political analysts. Read more..