Financial news on September 23, 2006

Business and Financial news
Betting the House and Losing Big

Amaranth Advisors pledges to regain investors’ trust after suffering $6 billion in natural gas trading losses. Read more..

By JENNY ANDERSON - The New York Times

Biggest Bank in China Planning an I.P.O.

The Industrial and Commercial Bank of China’s I.P.O. could set a record by raising a projected $19 billion. Read more..

By KEITH BRADSHER - The New York Times

Chairwoman Leaves Hewlett in Spying Furor

Patricia C. Dunn resigned and will be replaced by Hewlett-Packard’s chief executive. Also, two high executives who supervised investigators are said to be leaving. Read more..

By DAMON DARLIN and MATT RICHTEL - The New York Times

Click Fraud Is Growing on the Web

Pay-per-click advertising fraud is becoming more pervasive as spurious clicks can be generated through automated programs. Read more..

By KAREN J. BANNAN - The New York Times

Credit Reports: They’re Free but Flawed

Credit reports are now free but that hasn’t made decoding them or correcting the errors you’re likely to find on them one whit easier. Read more..

By M. P. DUNLEAVEY - The New York Times

Curiosity Has Its Merits and Its Profits

Hedge funds don’t investigate options backdating just to satisfy their curiosity. Rather, they do it to find an edge — and to use that edge to get richer than they already are. Read more..

By JOE NOCERA - The New York Times

Google Defies Order That It Publish Adverse Belgian Ruling

Google defied a court order to publish a ruling that prevents it from running summaries of news reports and links to articles in Belgium. Read more..

By ERIC PFANNER - The New York Times

How Much Is Enough in Insuring a Life?

If you died today, would your family be destitute, comfortable, or toasting your good planning as they vacationed on the Riviera? Read more..

By HILLARY CHURA - The New York Times

Paulson Ends China Visit With Little Progress but Gratified to Be Talking

Officials acknowledged that while a new strategic economic dialogue between the U.S. and China was an accomplishment, it does not equal achievement of results. Read more..

By STEVEN R. WEISMAN - The New York Times

Richard Caleal, 94, Who Helped Design Innovative ’49 Ford, Dies

Richard D. Caleal helped create the hugely popular 1949 Ford credited with lifting the company out of its postwar financial slump. Read more..

By MARGALIT FOX - The New York Times

See what else happened on September 23, 2006