Financial news on April 21st, 2007

Business and Financial news
A Brief Walk Through Time at Scholastic

Richard Robinson, the chief executive of Scholastic, spoke about the success of the Harry Potter books and intimated that there could be another best-selling series to come — from the same author. Read more..

By TRACIE ROZHON - The New York Times

Adventures in a Gray Lamé Electrified Jacket

Harry Hurt marches into battle with a mask and saber in hand, trying to summon the spirit of Zorro. Read more..

By HARRY HURT III - The New York Times

Federal Agency Investigating Airline Arrival-Time Promises

The Transportation Department said it was investigating several domestic airlines for publishing unrealistic flight schedules. Read more..

By JEFF BAILEY - The New York Times

Getting Out of Hedge Funds

When it comes to hedge funds, do the extremely rich know more than the rest of us? Read more..

By PAUL B. BROWN - The New York Times

Growing Unrest Posing a Threat to Nigerian Oil

Increasing violence has rippled across energy markets, contributing to higher prices and tighter supplies. Read more..

By JAD MOUAWAD - The New York Times

Helen Walton, Matriarch of Wal-Mart Family, Dies at 87

Helen Robson Walton’s husband, Sam Walton, founded Wal-Mart Stores and relied on her for advice. Read more..

By EDUARDO PORTER - The New York Times

New York Post to Double Newsstand Price

The paper is doubling its street sale price to 50 cents to help stem losses, estimated to be about $70 million a year. Read more..

By KATHARINE Q. SEELYE - The New York Times

Sallie Mae Offers a Lesson on Cashing In

Sallie Mae was once an institution where profits took a back seat to performing a public good. That, alas, is no longer the case. Read more..

By JOE NOCERA - The New York Times

Top British Drugstore Chain Now Has Competing Bidders

A private equity firm and a medical charity raised their joint bids for Alliance Boots, hours after the board had accepted a rival offer. Read more..

By JULIA WERDIGIER - The New York Times

Why Not Tax the Tall?

A Harvard economics professor has argued that tall people should pay more in taxes than short people. Read more..

By DAN MITCHELL - The New York Times

See what else happened on April 21st, 2007