Financial news on August 15, 2009
Business and Financial news
Rambus, the designer of computer chips for consumer electronics, won a court ruling allowing the company to continue pursuing its antitrust claims against memory-chip manufacturers. Read more..
Autoworkers, seeing no future in the industry, have turned to a model community college in Ohio to acquire marketable skills in other fields. Read more..
The takeover agreement marks the largest bank failure of 2009 and could be the most costly since the sudden failure of IndyMac Bancorp last year. Read more..
Wrinkles in the high-tech materials covering parts made by an Italian supplier have raised new concerns about when the new plane will fly. Read more..
After many failures, the goal in many recent aid programs is to assist women in building the skills they need to find and create jobs. Read more..
Hong Kong’s economy grew by a seasonally adjusted 3.3 percent in the second quarter from the first quarter, more than analysts had expected. Read more..
With a 10 percent stake, Qatar Holding will help Porsche retire debt and ease a pending combination with Volkswagen. Read more..
Markets gave back on Friday much of what they had gained on Wednesday after the Fed offered an optimistic read of the economy. Read more..
The new president of Univision, the most-watched Spanish language television network in the United States, will be Cesar Conde, 35, the company’s chief strategy officer. Read more..
Citigroup says the federal government cannot review the compensation packages for two traders — one earning $98 million and another $30 million. Read more..