Financial news on December 22nd, 2007

Business and Financial news
A Brisk Business in Selling Hope by the Wick

Devotional candles, kindled by anyone with a wish or a prayer, are a lucrative niche in the $2 billion candle market in the United States. Read more..

By KATE MURPHY - The New York Times

A Buyout for Manager of Drug Trials

One Equity Partners agreed to sell its stake in Quintiles Transnational, a big manager of clinical drug trials, to its C.E.O. and two buyout firms. Read more..

By MICHAEL J. de la MERCED - The New York Times

Back Talk on Pretending to Be Busy, or Infallible

Readers respond with wit, wisdom, and sometimes some venom, to Shortcuts columns. Read more..

By ALINA TUGEND - The New York Times

Big Fund to Prop Up Securities Is Scrapped

Big banks have pulled the plug on a Treasury Department-backed plan to rescue troubled investment vehicles leveled by the subprime mortgage crisis. Read more..

By ERIC DASH - The New York Times

China Less Willing to Be America’s Piggy Bank

China has been the financier keeping the U.S. government well funded, but the rate of increase of its holdings of dollar-based securities seems to have slowed. Read more..

By FLOYD NORRIS - The New York Times

For Pet Owners, Too, Toys a Reason for Concern

Following the pet food scare this year, and a spate of children’s toy recalls, pet owners have been stepping forward to ask: How safe are pet toys? Read more..

By ANDREW ADAM NEWMAN - The New York Times

For Small Animals, a Fleck Is a Lot

Lead poisoning in pets is decreasing as lead paint grows more rare. But if your pet shows symptoms of lead poisoning, you should be tested as well. Read more..

By ANDREW ADAM NEWMAN - The New York Times

No Joke, Bulb Change Is Challenge for U.S.

When 2012 hits, stores will no longer be able to sell the cheap but inefficient incandescent light bulbs that are fixtures in most homes. Read more..

By CLAUDIA H. DEUTSCH - The New York Times

The Recalls’ Aftershocks

What happened to all the lead-tainted products that have been recalled recently? Most, it turns out, may still be in consumers’ hands. Read more..


What's Offline: Buy Little, Waste Less

A group of environmentally concerned friends spent a year off the “consumer grid” and spawned a new sort of abstinence movement. Read more..

By PAUL B. BROWN - The New York Times

See what else happened on December 22nd, 2007