Financial news on July 16, 2006

Business and Financial news
Carmakers Agree to Study a 3-Way Alliance

General Motors, Renault and Nissan agreed to study whether they want to form an alliance that could change the shape of the global automobile industry. Read more..

By MICHELINE MAYNARD and NICK BUNKLEY - The New York Times

Virginia Man Gets 150-Year Term in Child Pornography Case

Gregory J. Mitchel pleaded guilty to charges involving the sexual exploitation of boys and the operation of illegal Web sites. Read more..

By KURT EICHENWALD - The New York Times

See what else happened on July 16, 2006