Financial news on December 14, 2008

Business and Financial news
A Champion of Wall Street Reaps Benefits

In Washington, Senator Charles E. Schumer is beneficiary, advocate and overseer of an industry that is his hometown’s most important business. Read more..

By ERIC LIPTON and RAYMOND HERNANDEZ - The New York Times

Robert Chandler, 80, a Creator of the ’60 Minutes’ Format, Dies

Mr. Chandler was a former CBS executive who played a crucial role in creating the critically acclaimed weekly newsmagazine “60 Minutes.” Read more..

By DENNIS HEVESI - The New York Times

See what else happened on December 14, 2008