Financial news on February 18th, 2012

Business and Financial news
Airbus Recommends Stronger Rivets for A380 Nose

The company suggested that airlines replace six aluminum rivets with titanium ones, a change that European regulators are expected to make mandatory. Read more..

By NICOLA CLARK - International Herald Tribune

A Rate Sleuth Making Rental Car Companies Squirm

Ron Lieber Your Money column highlights online auto rental booking engine AutoSlash, which rebooks customers automatically if it finds lower rates or coupons; notes site claims 85 percent success rate on over 100,000 rentals to date, and has alienated some auto rental firms. Read more..

By RON LIEBER - The New York Times

Deal Appears Forthcoming for Bailout on Greek Debt

Euro zone leaders prepare for the approval of a fresh 130 billion euro bailout for Greece at a meeting of finance ministers; European Central Bank begins to swap its holdings of Greek bonds for new debt to shield it from losses being absorbed by private creditors. Read more..

By STEPHEN CASTLE and JACK EWING - The New York Times

Drones Set Sights on U.S. Skies

A new law will permit drones of all kinds in American airspace by 2015, which concerns privacy advocates who decry expanding surveillance boundaries. Read more..

By NICK WINGFIELD and SOMINI SENGUPTA - The New York Times

Economists Are Unconcerned By a Rise in Consumer Prices

Labor Department reports the Consumer Price Index rose 0.2 percent in January, after a flat reading in December. Read more..

By THE ASSOCIATED PRESS - The New York Times

Europe’s Woes Are Reflected in Its Trade Numbers

Floyd Norris Off the Charts column observes total global exports were higher in 2011 than before the credit crisis, but European countries in general still lag while some emerging countries have surged; United States rose to second place in 2011 behind China, which had $1.899 trillion in exports. Read more..

By FLOYD NORRIS - The New York Times

Markets, on Balance, Edge Higher on Expected Greek Aid

Stocks edge higher, but investors stay cautious before a long holiday weekend and the Greece bailout-approval meeting in Europe. Read more..

By REUTERS - The New York Times

Side Effects of Diet Pill Still Concern Regulators

Food and Drug Administration says it is worried about possible heart problems and birth defects with Qnexa, a weight-loss drug; committee of advisers to the FDA will consider again whether the drug, developed by Vivus, should be approved. Read more..

By ANDREW POLLACK - The New York Times

Thinking Outside the Redbox

Coinstar, the self-service retail business best known for its Redbox kiosks, prepares for the decline of movie rentals by experimenting with kiosks for products like coffee and electronics; about 85 percent of Coinstar's $1.85 billion in 2011 revenue was from Redbox. Read more..

By NICK WINGFIELD - The New York Times

See what else happened on February 18th, 2012