Financial news on August 15th, 2009

Business and Financial news
Antitrust Lawsuit by Rambus Advances

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..

By BLOOMBERG NEWS - The New York Times

At Sinclair Community College, Focus Is Jobs

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..


BB&T Takes Over Failing Colonial BancGroup

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..

By ERIC DASH - The New York Times

Boeing Halts Production of Flawed Dreamliner Part

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..

By CHRISTOPHER DREW - The New York Times

Extending the Horizon for Woman's Aid Projects in Afghanistan

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..

By GAYLE TZEMACH LEMMON - International Herald Tribune

Hong Kong Joins Asia’s Rapid Climb Out of Recession

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..

By BETTINA WASSENER - The New York Times

Porsche Aids VW Merger by Selling Stake to Qatar

With a 10 percent stake, Qatar Holding will help Porsche retire debt and ease a pending combination with Volkswagen. Read more..

By BLOOMBERG NEWS - The New York Times

Shares Close Lower Amid Some Profit-Taking

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..

By JACK HEALY - The New York Times

Spanish TV Network Picks Executive as Next President

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..

By BRIAN STELTER - The New York Times

U.S. Weighs Action Over Citi’s $100 Million Man

Citigroup says the federal government cannot review the compensation packages for two traders — one earning $98 million and another $30 million. Read more..


See what else happened on August 15th, 2009