Financial news on August 16th, 2008

Business and Financial news
F.D.I.C. Retirees Ride to Rescue in New Era of Bank Failures

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..


Judges in Dispute Over Mutual Funds

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..

By FLOYD NORRIS - The New York Times

Over There, U.S. Goods Ride a Weak-Dollar Wave

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..

By FLOYD NORRIS - The New York Times

Priced Out of Weight Loss Camp

Although the prevalence of childhood obesity has tripled since 1980, there are few comprehensive or affordable programs to treat them. Read more..

By STEPHANIE SAUL - The New York Times

Retire Now, and Risk Falling Short on Your Nest Egg

If you have just retired or are about to retire, your timing could not be worse. Read more..


Securities Inquiry Turns to Discount Brokerages

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..

By ERIC DASH - The New York Times

Small Stocks Survive, and Thrive

The current downturn should be particularly rough on corporate minnows, yet for the last six months, smaller-capitalization stocks have outperformed. Read more..

By CONRAD DE AENLLE - The New York Times

Some Media Companies Choose to Profit From Pirated YouTube Clips

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..

By BRIAN STELTER - The New York Times

Union Wins Contract for 8 Workers at Wal-Mart Canada

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..

By IAN AUSTEN - The New York Times

Winners Never Quit? Well, Yes, They Do

Winners do quit. The trick, of course, is to know when it’s right to walk away and when it’s not. Read more..

By ALINA TUGEND - The New York Times

See what else happened on August 16th, 2008