Financial news on August 24, 2013

Business and Financial news
A Guessing Game for Taxpayers on What They Owe

Paul Sullivan Wealth Matters column on estimated tax payments; offers tips on how to avoid overpaying. Read more..

By PAUL SULLIVAN - The New York Times

Airline Presses Court to Back Restructuring Plan

American Airlines and its creditors' committee urge bankruptcy judge to approve airline's restructuring plan despite antitrust challenge from Justice Department. Read more..

By REUTERS - The New York Times

A Surprising Reversal for Emerging Stock Markets

Floyd Norris Off the Charts column on emerging stock markets; says those markets are underperforming relative to developed markets to extent not seen since Asian currency crisis of late 1990s. Read more..

By FLOYD NORRIS - The New York Times

Central Bank Acts to Strengthen Brazilian Real

Brazil's central bank announces $60 billion program aimed at halting slide of Brazillian real; move makes Brazil latest emerging economy to seek to prop up its weak currency. Read more..

By LANDON THOMAS Jr - The New York Times

Indonesia Takes Steps to Cut Imports and Lift Investment

New measures were announced after a punishing week for emerging markets, with currencies hit hard by fears of higher global borrowing costs and a reduction in cheap cash from the United States. Read more..

By REUTERS - International Herald Tribune

Outcry Grows Against British Housing Plan

Britain's Help to Buy program, in which government offers interest-free credit or guarantees part of property loan, comes under criticism from those who say it could create real estate bubble; government has cast program as way to stimulate nation's sluggish economy by helping consumers buy homes they could not otherwise afford. Read more..

By JULIA WERDIGIER - The New York Times

Questions for Microsoft as It Nears a Crossroad

Few obvious candidates to replace Steven A Ballmer as chief of Microsoft have emerged, but his succession was never going to follow the typical business playbook. Read more..

By CLAIRE CAIN MILLER - The New York Times

Sales of New Homes Fall Sharply as Mortgage Rates Rise

Mortgage rates, which have climbed a full percentage point since May, are starting to steal some momentum from the market. Read more..


Taking an Invention From Idea to the Store Shelf

Alina Tugend Shortcuts column on patents, production and marketing that comes after creation of new invention; says missteps along way for inventors can be costly. Read more..

By ALINA TUGEND - The New York Times

See what else happened on August 24, 2013