Financial news on July 18, 2009

Business and Financial news
Amazon Erases Orwell Books From Kindle

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..

By BRAD STONE - The New York Times

A New Enforcer in Buildings, the Energy Inspector

Building inefficient homes locks in waste for decades, but construction codes for many states and cities are weak. Read more..

By CLIFFORD KRAUSS - The New York Times

G.E.’s Earnings Fall 47%, Led by Finance Unit

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..

By STEVE LOHR - The New York Times

Judge Dismisses Suit Against Mark Cuban

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..

By LIZ ROBBINS and CYRUS SANATI - The New York Times

Looking Back in Anger at the Crisis

If the Bank of America hearings show anything, it is that Congress is taking away all the wrong lessons from the crisis. Read more..

By JOE NOCERA - The New York Times

Summers Says Stimulus Plan on Track Despite Job Losses

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..

By JACKIE CALMES - The New York Times

Swedbank Posts Loss, Will Cut 3,600 Jobs

The large Swedish lender posted a net loss of 2 billion kronor, or $300 million, hit by weakness in the Baltic economies. Read more..

By MATTHEW SALTMARSH - International Herald Tribune

Treasury’s Humor Is Lost on Senator

An agency dropped plans to hire a consultant to teach managers how to use comedy after a lawmaker objected. Read more..

By BLOOMBERG NEWS - The New York Times

Uphill Road for Europe to Kick Russian Gas Habit

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..

By JAMES KANTER - International Herald Tribune

Verizon Plans to Offer Some of Its Cellphones to Small Wireless Companies

Verizon is trying to head off federal regulation of exclusive cellphone deals. Read more..

By SAUL HANSELL - The New York Times

See what else happened on July 18, 2009