Financial news on May 16, 2010

Business and Financial news
Building Is Booming in a City of Empty Houses

Cities like Las Vegas, where thousands of new houses sit empty, are building what they do not need. Read more..

By DAVID STREITFELD - The New York Times

Google Data Admission Angers European Officials

European regulators and privacy advocates reacted angrily to the disclosure by Google that it had systematically collected private data on individuals since 2006 while compiling its StreetView photo archive. Read more..

By KEVIN J. O'BRIEN - The New York Times

In Tough Stance, Democrat Finds Few Allies

Senator Blanche Lincoln wants to rid banks of derivatives operations, but opposition is rising from regulators and fellow Democrats, as well as Wall Street. Read more..

By EDWARD WYATT - The New York Times

Mildred E. Orton, a Founder of Vermont Country Store, Is Dead at 99

Mrs. Orton and her husband ran a store full of old-fashioned goods and built a thriving mail-order business. Read more..

By DENNIS HEVESI - The New York Times

Place for Camels to Water

Parting is such sweet sorrow, till another puzzle on the morrow. Read more..

By PATRICK MERRELL - The New York Times

Richard LaMotta, Creator of Chipwich Ice Cream Sandwich, Dies at 67

With his invention, the Chipwich, Mr. LaMotta unleashed a runaway success with children, and their ice cream vendors. Read more..

By DENNIS HEVESI - The New York Times

Universal Health in Deal for Psychiatric Solutions

Universal Health Services is expected to win the bidding for Psychiatric Solutions with an offer of nearly $2 billion in cash, people briefed on the matter told DealBook on Sunday. Read more..

By MICHAEL J. DE LA MERCED - The New York Times

See what else happened on May 16, 2010