Financial news on December 15, 2007

Business and Financial news
Adding to the List of Worries, Signs That Inflation Is Bubbling Up

A pick-up in prices will complicate efforts by the Federal Reserve as it tries to stave off a slowdown in economic growth. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

A Little Here, a Little There and It’s Gone

Where does the money go? As I tallied up our family’s income and expenses for the year, I was baffled. Read more..

By M. P. DUNLEAVEY - The New York Times

Hirotaka Ono, Auto Executive, Is Dead at 52

Mr. Ono was a senior operating officer at the Suzuki Motor Corporation who was considered a possible successor to his father-in-law, Osamu Suzuki, as chairman. Read more..

By BLOOMBERG NEWS - The New York Times

In a Mess, Yes, but She’s Got a Plan

The person who spurred the government to action concerning the subprime mortgage mess was not Treasury Secretary Henry M. Paulson Jr. It was Sheila C. Bair. Read more..

By JOE NOCERA - The New York Times

Report Says That the Rich Are Getting Richer Faster, Much Faster

From 2003 to 2005, the increase in incomes of the top 1 percent of Americans exceeded the total income of the poorest 20 percent of Americans. Read more..

By DAVID CAY JOHNSTON - The New York Times

Sallie Mae Chairman Made Chief

The giant student lender whose $25 billion buyout has run aground said on Friday that its executive chairman would again take up the role of chief executive. Read more..

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

Small Shops See Smallness as Their Big Selling Point

Most small retailers, which cannot afford either price cuts or expensive advertising, are doing something else this holiday season: making a virtue of their size. Read more..

By ANNE FIELD - The New York Times

Sticker Shock a Hazard, Even When the Artists Are Only Potential Stars

If the entry fees for collecting contemporary art are relatively low, the financial returns can be of hedge fund proportions. Read more..

By HARRY HURT III - The New York Times

The Mac Crowd Mourns

In part because CompUSA has been a large seller of Macs, the news last week that the electronics retailer plans to close its remaining stores early next year has drawn lots of attention online. Read more..

By DAN MITCHELL - The New York Times

See what else happened on December 15, 2007