Financial news on July 15, 2006

Business and Financial news
2 Equity Firms to Acquire Petco

By Bloomberg News. Read more..

By BLOOMBERG NEWS - The New York Times

Economists Applaud Japan’s Rate Increase

The first interest rate increase in six years is seen as a long-awaited signal that Japan’s $4.6 trillion economy is getting back on track. Read more..

By MARTIN FACKLER - The New York Times

Keep Eyes Fixed on Your Variable-Rate Mortgage

As a large portion of adjustable rates move up next year, homeowners who opted for exotic mortgages could find their payments doubled. Read more..

By DAMON DARLIN - The New York Times

Maturity Is in Demand

REPORTS of a looming labor shortage — created by tens of millions of baby boomers retiring over the next decade or so — may be premature. Read more..

By PAUL B. BROWN - The New York Times

No Sex and No Models (What Kind of Bra Ad Is This?)

Sara Lee Branded Apparel, the maker of Playtex, Bali and Hanes, is testing a new strategy: leave the supermodels out of the advertisements. Read more..

By JULIE BOSMAN - The New York Times

Remodel With Resale in Mind

They say money and sex are the two biggest causes of marital conflict; I’d like to add home renovations to the list. Read more..

By M. P. DUNLEAVEY - The New York Times

Russian Oil Giant Raises $10.4 Billion in Offering

Rosneft, the Russian state oil company, raised $10.4 billion Friday from the sixth-largest initial public offering in corporate history. Read more..

By ANDREW E. KRAMER - The New York Times

Surf’s Up! Now Get Up the Nerve

At age 54, I was in pursuit of my lost youth — and I wasn’t alone, dude. Read more..

By HARRY HURT III - The New York Times

Umbrage Taken and Returned

The Columbia Journalism Review's blog section, the Audit, has been the subject of withering attacks from rival bloggers that culminated into an online flame war. Read more..

By DAN MITCHELL - The New York Times

What Women Want

Several national retailers are leaping into the intimate apparel business for the first time or significantly expanding their presence in it. Read more..

By MICHAEL BARBARO - The New York Times

See what else happened on July 15, 2006