Financial news on March 21st, 2009

Business and Financial news
Aid for Solar Firm Is First From 4-Year-Old Program

The Energy Department’s alternative-energy loan guarantee program is meant to create jobs and develop carbon-free power sources. Read more..

By JOHN M. BRODER - The New York Times

Fed Chief Calls for Scrutiny of Executive Pay Policies

Ben S. Bernanke said that compensation policies should be designed with financial companies’ long-term health in mind. Read more..

By JACK HEALY - The New York Times

Financial Shares Lead the Market Down

While still up for the week, the major indexes fell on concerns about how banks would react to efforts to heavily tax employee bonuses. Read more..

By JACK HEALY - The New York Times

Madoff Must Stay in Prison, Appeals Court Says

Bernard L. Madoff had ample opportunity to move money abroad and, facing 150 years in prison, has incentive to flee, the three-judge panel ruled. Read more..

By LESLIE WAYNE - The New York Times

Madoff’s Victims Speak in Court Letters

Many of the letters were from ordinary people who believed their life savings were prudently invested with Bernard Madoff. Read more..

By LESLIE WAYNE - The New York Times

New Honda Takes on the Prius

The Honda Insight, to be introduced on Tuesday, is being positioned as a more affordable hybrid car. Read more..

By HIROKO TABUCHI - The New York Times

Obama Uneasy About Tax on Bonuses

The White House said instead that it would assess the bill’s potential effect on efforts to stabilize the financial system. Read more..

By DAVID M. HERSZENHORN - The New York Times

Stronger Euro Threatens Weak Economy in Europe

The rising currency has slowed demand for exports, further dragging down the euro-zone economy. Read more..


Ways to Help a Friend Survive a Job Search

From someone who’s been there, some practical tips on how to give a laid-off friend moral support and more. Read more..

By AMY BAKER - The New York Times

See what else happened on March 21st, 2009