Financial news on June 21, 2008

Business and Financial news
A.M.D. and Its War With Intel

Antitrust investigations are so maddening that the Federal Trade Commission is likely to have a hard time getting to the bottom of the case against Intel. Read more..

By JOE NOCERA - The New York Times

Assets Rise at Charity Arm of Major Fund

The funds of the charity arm of TCI, the hedge fund that has been involved in a battle with executives at the transportation company CSX, have more than doubled in its previous fiscal year. Read more..

By HEATHER TIMMONS - The New York Times

Barclays Said to Be Seeking Capital From Japanese Rival

Barclays, which is seeking funds to replenish its capital, is said to be talking with Sumitomo Mitsui Financial Group about a cash infusion of close to a billion dollars. Read more..

By JULIA WERDIGIER - The New York Times

Fake Gems, Genuine Appeal

Manufactured diamonds have become indistinguishable from their natural counterparts. Read more..

By DAN MITCHELL - The New York Times

Live Nation Chairman Will Step Down

Michael Cohl, chairman of Live Nation, the world’s largest concert promoter, stepped down Friday after a report of a strategy dispute with the chief executive, Michael Rapino. Read more..

By BLOOMBERG NEWS - The New York Times

Mexican Peso Strengthens on Rate Increase

Mexico’s peso closed at its strongest level against the dollar in five years Friday after the Bank of Mexico raised its benchmark interest rate, citing higher inflation. Read more..

By DOW JONES - The New York Times

Price Increases Put Pressure on the Fed

The Federal Reserve knows that its credibility as a central bank would be damaged if investors concluded it was not determined to combat the recent rise in prices. Read more..

By FLOYD NORRIS - The New York Times

Stocks Decline as Price of Oil Rises Sharply

The Dow Jones industrials fell below 12,000 as a host of options and futures contracts hit their expiration dates. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

U.S. May Free Up More Land for Corn Crops

Midwest floods have washed out millions of acres of corn, and many are urging Washington to allow corn to be grown on protected land and to roll back requirements for ethanol production. Read more..

By DAVID STREITFELD - The New York Times

See what else happened on June 21, 2008