Financial news on July 19, 2008

Business and Financial news
Chief Says Exxon Will Keep Doing What It’s Doing

Rex W. Tillerson, the chief executive of Exxon Mobil, shared his views on oil prices, a world increasingly dominated by state-owned energy giants and the future for alternative fuels. Read more..

By JAD MOUAWAD - The New York Times

Costly Toys, or a New Era for Drivers?

The chief backer of the Tesla Roadster, the first-ever all-electric sports car with a base price of $109,000, believes that the age of the electric car has dawned. Read more..

By JOE NOCERA - The New York Times

For Global Trade Talks, the Stakes Have Risen

If negotiations fail at the Doha round of trade talks, one casualty will be the credibility of the World Trade Organization itself. Read more..

By STEPHEN CASTLE - The New York Times

Google Buys Online Ad Business in Russia

Google, whose business has been lagging on the Russian Internet, stepped up its business there with the $140 million purchase of a Cyrillic online advertising business on Friday. Read more..

By YULIYA TALANOVA - The New York Times

Honeywell Raises 2008 Profit Forecast

Honeywell International, the world’s largest maker of airplane instruments, said on Friday that second-quarter earnings rose 18 percent as it sold more cockpit displays and navigation systems. Read more..

By BLOOMBERG NEWS - The New York Times

In Dispute With BP, Kremlin’s Hand Is Seen

Critics say that Russian shareholders have enlisted an improbable ally in their attempt to force BP to fire the chief executive of TNK-BP. Read more..

By ANDREW E. KRAMER - The New York Times

Meeting Disaster With More Than a Wing and a Prayer

For many, preparing for a disaster consists largely of closing our eyes and crossing our fingers. Read more..

By ALINA TUGEND - The New York Times

Texas Approves a $4.93 Billion Wind-Power Project

The approval of the planned web of transmission lines that will run from remote parts of Texas to major cities is a major lift to the development of wind energy in the state. Read more..

By KATE GALBRAITH - The New York Times

Wall St. in a Quiet End to a Rocky Week

The major stock indexes finished mixed on Friday, and the broader market was nearly unchanged, pleasing investors who were expecting another volatile session. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

W.T.O. Rules Against China for Its Tariffs on Auto Parts

China violates global trade rules by requiring automakers operating there to buy components from local suppliers or face penalties, the World Trade Organization ruled on Friday. Read more..

By BLOOMBERG NEWS - The New York Times

See what else happened on July 19, 2008