Financial news on July 22nd, 2006

Business and Financial news
3 Britons in Enron Case Are Told to Remain in U.S.

The bankers were extradited to the United States last week and must remain in Houston and post a combined $3 million bond. Read more..

By KATE MURPHY - The New York Times

A No-Intimidation Guide to Acquiring Art: A Gallery Is Just a Store

It’s time to get over the fear of buying art, even if you don’t know how yet. Read more..

By ALINA TUGEND - The New York Times

China Moves to Curb Lending for Second Time in Five Weeks

Some analysts worry the Chinese economy is in danger of overheating and could lead to inflation and a fresh round of bad loans. Read more..

By DAVID LAGUE - The New York Times

Ghosn Reassures Detroit About His Intentions

The chief executive of Nissan and Renault said he would not discuss buying a stake in General Motors as part of initial talks. Read more..

By NICK BUNKLEY - The New York Times

HSBC Agrees to Buy Panama’s Biggest Bank for $1.77 Billion

The purchase will give the British company 220 branches in Colombia, Costa Rica, El Salvador, Honduras, Nicaragua and Panama. Read more..

By BLOOMBERG NEWS - The New York Times

Microsoft Confirms That It Is Developing a Competitor to the iPod

Part of the project, code-named Zune and set to go on sale this year, is a service that will compete with Apple’s iTunes. Read more..

By BLOOMBERG NEWS - The New York Times

Profit Margins Are Inducing Fear of Heights

Despite what the adage says, what you don’t know can hurt you when you put money in the stock market. Read more..

By CONRAD DE AENLLE - The New York Times

Video Games Are Showing a Social Side

The chairman and chief executive of Activision has experienced four industry downturns, including the current one. Read more..

By MATT RICHTEL - The New York Times

Weather Sizzles, but the Fed Chief Stays Cool

A HEAT wave gripped the nation, which kept one wary eye on the bloodshed in the Middle East and the other on a barrage of corporate earnings, Fed news and economic reports at home. Read more..

By MICKEY MEECE - The New York Times

What the Naïve Consumers Don’t Know, Can Help You

Two economics professors found that sophisticated consumers game the system by having naïve consumers subsidize them. Read more..

By DAMON DARLIN - The New York Times

See what else happened on July 22nd, 2006