Financial news on February 14, 2009
Business and Financial news
Timothy Geithner’s bailout plan includes a so-called stress test to figure out how crippled big banks would be under various economic assumptions. Read more..
Eric J. Foss, Pepsi Bottling’s chief, says it’s important for a business to look like its customers. Read more..
Euro-zone counties are hit hard as global businesses cut back on new orders to lighten their inventories. Read more..
The criminal charges stemmed from a bogus scheme that let wealthy investors evade paying more than $200 million. Read more..
Young investors caught in the financial downturn still have time on their side. Read more..
The peanut processing company at the heart of a national salmonella outbreak is going out of business. Read more..
The Lloyds Banking Group said that HBOS, the mortgage provider it bought, would report a $12 billion loss for 2008. Read more..
In Manhattan’s most exclusive enclaves, even the longtime rituals of the wealthy are being tested. Read more..
A provision buried in the stimulus bill passed by Congress would impose restrictions on executive bonuses at companies reaping bailout money. Read more..
Credit Suisse has been ordered to pay more than $400 million to the semiconductor maker to resolve claims of misleading it into buying auction-rate securities. Read more..