Financial news on July 18th, 2009
Business and Financial news
An Amazon spokesman said that “1984” and “Animal Farm” were added to the Kindle store by a company that did not have rights to them, using a self-service function. Read more..
Building inefficient homes locks in waste for decades, but construction codes for many states and cities are weak. Read more..
General Electric’s second-quarter results reflected continuing struggles at GE Capital, but analysts said the overall earnings signaled that G.E. was stabilizing its business. Read more..
The S.E.C. failed to prove a crucial point in its insider trading case against the Dallas Mavericks owner, a federal judge ruled. Read more..
If the Bank of America hearings show anything, it is that Congress is taking away all the wrong lessons from the crisis. Read more..
Lawrence H. Summers, the top White House economic adviser, said high levels of consumer and business debt would act as a drag on growth for some time. Read more..
The large Swedish lender posted a net loss of 2 billion kronor, or $300 million, hit by weakness in the Baltic economies. Read more..
An agency dropped plans to hire a consultant to teach managers how to use comedy after a lawmaker objected. Read more..
Profound questions remain beyond next winter about whether Europe can ever guarantee adequate and stable supplies of natural gas from Russia, its largest supplier. Read more..
Verizon is trying to head off federal regulation of exclusive cellphone deals. Read more..