Financial news on February 16th, 2008

Business and Financial news
After Slow January, Best Buy Lowers Forecast

But the chain, which is the nation’s largest consumer electronics retailer, said it would keep investing in new stores, including as many as 25 in China. Read more..

By ASSOCIATED PRESS - The New York Times

All-in-One Telecom Packages: The Savings Don’t Come Simple

“Bundling” sounds sweet, doesn’t it? Like swaddling a baby. But don’t let it fool you — the communications version of it is not such a simple pleasure. Read more..

By ALINA TUGEND - The New York Times

A Split-Up of Insurers of Bonds Is Considered

Proponents of the idea say such a step could restore confidence in the financial markets broadly, and specifically in the $2.6 trillion municipal bond market. Read more..

By VIKAS BAJAJ - The New York Times

China’s Trade Surplus Jumps, but Imports Are Rising

Exports in January rose 26.7 percent, to $109.7 billion, while imports grew by 27.6 percent, to $90.2 billion, according to the official Xinhua news agency. Read more..

By ASSOCIATED PRESS - The New York Times

Famous Fund Open Again. Is It a Buy?

Fidelity Investments is welcoming new shareholders into its venerable Magellan fund after shutting them out for a decade. But, should you accept the invitation? Read more..

By CONRAD DE AENLLE - The New York Times

F.D.A. Seeks to Broaden Range of Use for Drugs

The Food and Drug Administration’s proposed rules would allow drug and device makers to provide doctors with medical journal articles about product uses that have not been approved by the F.D.A. Read more..

By GARDINER HARRIS - The New York Times

Judges Asked to Widen Inquiry at French Bank

A lawyer representing Société Générale shareholders asked judges on Friday to interview a supervisor of Jérôme Kerviel to try to determine when his superiors were first alerted to his actions. Read more..


Super Bowl and Olympics: This Marketer’s Dream Year

Herbert Hainer, the chief executive of Adidas, says his company is using major athletic events like the Super Bowl and the Summer Olympics in its battle to catch up with and surpass Nike. Read more..

By WILLIAM HOLSTEIN - The New York Times

The Workplace as Clubhouse

Fat paychecks, pensions and health insurance are not enough to recruit and keep employees these days. Read more..

By KRISTINA SHEVORY - The New York Times

See what else happened on February 16th, 2008