Financial news on September 18, 2010

Business and Financial news
A Year in Jail for UBS Tax Evader

The evader, Federico Hernandez, was also fined $4.4 million for hiding $8.8 million from the I.R.S. in accounts at the Swiss bank. Read more..

By REUTERS - The New York Times

Chinese Investors Flock to London to Buy Real Estate

Investors from mainland China and Hong Kong are more active than ever in the London real estate market. Read more..

By JULIA WERDIGIER and BETTINA WASSENER - The New York Times

Choosing Insurance for the College Life (Grades Not Included)

Many parents may be as uninterested in talking about insurance as their children, but their policy options are numerous. Read more..

By PAUL SULLIVAN - The New York Times

Donald W. Davis, Who Headed Stanley Works, Dies at 89

Mr. Davis modernized the company, shifting Stanley Works’ focus from industrial supply to the nascent do-it-yourself market. Read more..

By DAVID KOCIENIEWSKI - The New York Times

In Great Recession, Other Nations Have Suffered More

The American recession was less severe than those of most other major industrialized economies, and the United States has rebounded more quickly. Read more..

By FLOYD NORRIS - The New York Times

Lightening the Health Care Load for Small Businesses

The government is now offering a tax credit to companies with fewer than 25 full-time workers and average wages of less than $50,000 a year. Read more..

By WALECIA KONRAD - The New York Times

Shareholders Approve United-Continental Merger

Shareholders approved the merger of the two companies Friday to form the world’s largest air carrier. Read more..

By REUTERS - The New York Times

Spoiler Alert: Whodunit? Wikipedia Will Tell You

It is getting harder to preserve surprise in entertainment from Web sites that offer endings of movies and plays. Read more..

By NOAM COHEN - The New York Times

Supervising Banks’ Liquidity Is a Pain for Regulators

Central bank chiefs and regulators are still wrestling with how to ensure that banks can survive a liquidity crisis in which financing dries up. Read more..

By JACK EWING - The New York Times

Tech Firms Said to Be in Talks to Settle Inquiry Over Recruiting

A number of Silicon Valley companies including Apple, Google and Intel are being investigated over agreements not to recruit each other’s employees. Read more..

By MIGUEL HELFT - The New York Times

See what else happened on September 18, 2010