Financial news on March 15th, 2008

Business and Financial news
Australia Mine Operator Gets Bid From China

Sinosteel, the Chinese metals giant, made a hostile bid Friday for an Australian iron ore producer. Read more..

By TIM JOHNSTON - The New York Times

A Wall Street Domino Theory

The Federal Reserve’s unusual decision to assist Bear Stearns underscores a concern that one failure could spread across the financial system. Read more..


Credit Cards Are Frothy, Not Bubbly

To a maddening degree, credit card companies will actually do O.K. while the rest of us suffer. Annoying, isn’t it? Read more..

By JOE NOCERA - The New York Times

Fate of the IAC Dispute Is Now Up to the Judge

The judge will rule on whether the chief of IAC/InterActiveCorp violated an agreement with the head of Liberty Media when announcing a plan to split IAC into five companies. Read more..

By RITA K. FARRELL - The New York Times

F.D.R.’s Safety Net Gets a Big Stretch

Bear Stearns was emblematic of a financial system that enabled lenders to evade much of the regulatory framework that had begun during the Roosevelt administration. Read more..

By FLOYD NORRIS - The New York Times

Founder of Trek Bicycle, Richard Burke, Dies at 73

Mr. Burke started the Trek company in 1976 with his friend Bevil Hogg, in a barn in Waterloo, Wis. It now has 1,600 employees. Read more..

By DENNIS HEVESI - The New York Times

Free Music? Only With a Fight

Record labels were making terrible missteps long before the advent of the digital age. Read more..

By DAN MITCHELL - The New York Times

Good Banks Are Punished With the Bad

Banks that had seemed to come through the crisis with their capital intact played catch-up in the latest leg of the race to the bottom. Read more..

By CONRAD de AENLLE - The New York Times

Run on Big Wall St. Bank Spurs Rescue Backed by U.S.

Potential buyers began circling Bear Stearns after it was given a secured line of credit, and policy makers may spend the weekend dealing with the fallout. Read more..

By LANDON THOMAS Jr - The New York Times

Some Blissful Ignorance Can Cure Chronic Buyer’s Remorse

In a world filled with fine print and misleading slogans, it is hard to find the balance between diligence and getting so much information that we are paralyzed with indecision. Read more..

By ALINA TUGEND - The New York Times

See what else happened on March 15th, 2008