Financial news on September 13, 2008

Business and Financial news
British Travel Industry Dealt Several New Blows

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..

By JULIA WERDIGIER - The New York Times

Defibrillators Are Lifesaver, but Risks Give Pause

More doctors and patients are deciding the risks and uncertainties of defibrillators may outweigh their potential benefits. Read more..

By BARNABY J. FEDER - The New York Times

Deutsche Bank to Acquire a 30% Stake in Postbank

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..

By CARTER DOUGHERTY - The New York Times

Fidelity in Securities Settlement With New York

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..

By MICHAEL J. de la MERCED - The New York Times

Inflation Falls, as Do Retail Sales

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..


Party Peer Pressure, and Why You Shouldn’t Succumb to It

Planning a big event -- a wedding, a bar mitzvah, a 50th anniversary-- can be a little like having a serious ailment. Read more..

By ALINA TUGEND - The New York Times

Rescue of Italian Airline Stumbles Over Labor Talks

Talks have ended because of investors’ inability to reach an accord with the Italian airline’s unions. Read more..


Return of 8% for Harvard Endowment

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..


U.S. Gives Banks Urgent Warning to Solve Crisis

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..

By ERIC DASH - The New York Times

U.S. Holds the Whip Hand in Modifying Mortgages

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..

By VIKAS BAJAJ - The New York Times

See what else happened on September 13, 2008