Financial news on December 23, 2006

Business and Financial news
A Historically Accurate Indicator for the U.S. May Not Apply Anymore

The index of spot metals prices, based on prices of zinc, tin, steel scrap, copper scrap, and lead scrap, is beginning to show its age. Read more..

By FLOYD NORRIS - The New York Times

Canned Phrases for Making an Exit

Corporate executives, even those in the thick of scandal, routinely cite a desire to spend more time with family when they resign from office. Read more..

By KATIE HAFNER - The New York Times

Closing Out a Record Year for Mergers

As of Dec. 1, there were more than 32,000 merger transactions worth $3.3 trillion, according to Thomson Financial. Read more..

By MARK A. STEIN - The New York Times

Optimism Is Reason to Worry

Instead of celebrating all that is going right entering 2007, it may be more sensible to consider what could go wrong. Read more..

By CONRAD DE AENLLE - The New York Times

Russians Double the Price Neighbor Pays for Natural Gas

Gazprom, the Russian natural gas monopoly, agreed on Friday to continue supplying gas to Georgia, but at double the price. Read more..

By ANDREW E. KRAMER - The New York Times

Shares Post Biggest Loss This Month

Shares had their worst week since July after the latest report on American manufacturing prompted concern the economy was slowing. Read more..

By BLOOMBERG NEWS - The New York Times

Strategic Corporate Altruism

Harvard Business Review argues that good corporate citizenship is “a source of opportunity, innovation and competitive advantage.” Read more..

By PAUL B. BROWN - The New York Times

Stuffing the Electronic Ballot Box

When marketers and spammers try to manipulate the rankings at sites like Digg.com to promote a company, product or Web site, the system breaks down. Read more..

By DAN MITCHELL - The New York Times

You’ve Hit the Jackpot. Now What?

If you fall into a lot of cash, you should pause before you spend and think about how much you’ve really won and how you relate to money. Read more..

By DAMON DARLIN - The New York Times

See what else happened on December 23, 2006