Financial news on January 19, 2008

Business and Financial news
A New, Global Oil Quandary: Costly Fuel Means Costly Calories

Demand for biofuels has created tension between using land to produce fuel and using it for food. Read more..

By KEITH BRADSHER - The New York Times

Bush Proposing $145 Billion Plan to Spur Economy

Congressional Democrats, in a rare show of bipartisanship, pledged to work with the president to enact a plan quickly. Read more..

By SHERYL GAY STOLBERG - The New York Times

Economists Debate the Quickest Cure

Recession-fighting measures will help if they come quickly, experts say, but there is disagreement over which policies would have the greatest impact. Read more..

By STEVEN R. WEISMAN and EDMUND L. ANDREWS - The New York Times

For Champions of Haggling, No Price Tag Is Sacred

My husband and I hate haggling, but I have friends who always seem able to strike a great deal in unexpected areas. Read more..

By ALINA TUGEND - The New York Times

Gold’s Rise: It’s Not Just Armageddon

The price of gold has always been a way to keep score of economic, financial and political instability, but the game may be changing. Read more..

By CONRAD DE AENLLE - The New York Times

Internet Puts a Sugarcoat on Scalping

The Internet has taught major league sports teams that scalping was never really the problem. The problem has been the ridiculous amount of effort expended trying to stamp it out. Read more..

By JOE NOCERA - The New York Times

Seeking Tools to Calm a Market

While the market has taken deeper dives in the past, volatility is approaching its highest levels in several years. Read more..

By JULIE CRESWELL - The New York Times

Sprint’s Customer Erosion Prompts Cutbacks

Shares of Sprint dropped 25 percent after the company said that it planned to lay off 4,000 workers and close stores to trim costs as its customer base shrinks. Read more..

By STEVE LOHR - The New York Times

S-q-u-a-b-b-l-e

Third-party applications are supposedly the secret to Facebook’s success. So far, though, the applications fall mainly into two categories: the silly and the annoying. Read more..

By DAN MITCHELL - The New York Times

UBS, After a Write-Down, Closes Finance Unit in U.S.

Europe’s biggest bank said it would close an American unit as it scales back risk-taking after writing down the value of subprime mortgage investments by $14.7 billion last year. Read more..

By BLOOMBERG NEWS - The New York Times

See what else happened on January 19, 2008