Financial news on August 16, 2008
Business and Financial news
Facing a growing credit crisis and a rising number of troubled banks, the F.D.I.C. has recruited back many of the people who helped it clean up the savings and loan crisis 20 years ago. Read more..
Two federal judges have parted ways on a dispute involving what the courts should do about high pay for the investment managers of mutual funds. Read more..
American exports are rising at the most rapid rate in decades, helped by a weaker dollar and by rising prices of food sent overseas. Read more..
Although the prevalence of childhood obesity has tripled since 1980, there are few comprehensive or affordable programs to treat them. Read more..
If you have just retired or are about to retire, your timing could not be worse. Read more..
Federal and state regulators widened their investigations into the sales of auction-rate securities to include several of the nation’s largest discount brokerage firms. Read more..
The current downturn should be particularly rough on corporate minnows, yet for the last six months, smaller-capitalization stocks have outperformed. Read more..
After years of regarding pirated video on YouTube as a threat, some major media companies are starting to treat it instead as an advertising opportunity. Read more..
A group of workers in the automotive department of a Wal-Mart store in Canada became the first North American employees of Wal-Mart to be covered by a union contract. Read more..
Winners do quit. The trick, of course, is to know when it’s right to walk away and when it’s not. Read more..