Financial news on July 24, 2010

Business and Financial news
Condé Nast Is Changing Its Blueprint

The magazine publisher intends to rely less on advertising revenue and more on other sources like subscriptions and fees for online readers. Read more..

By JEREMY W. PETERS - The New York Times

Doubts Persist as Most Europe Banks Pass Stress Tests

The tests found that seven of the region’s 91 largest banks needed to raise more capital, but questions about how the tests were done left some skeptical. Read more..

By JACK EWING and MATTHEW SALTMARSH - The New York Times

E.P.A. Considers Risks of Gas Extraction

Pennsylvania residents point to fouled wells, deformed livestock and poisoned fish near natural gas wells that blast underground rock with water and chemicals. Read more..

By TOM ZELLER Jr - The New York Times

Ericsson Blames Component Shortage for Sales Dip

Asian suppliers of the key telecom network parts have yet to ratchet up production after cutting back two years ago as the slowdown began. Read more..

By KEVIN J. O'BRIEN - International Herald Tribune

For Chronic Care, Try Turning to Your Employer

Just about every major company offers some sort of chronic care program, but the quality of offerings can vary widely. Read more..

By WALECIA KONRAD - The New York Times

Ford’s Rebound Rolls on as It Posts $2.6 Billion Profit

The automaker reported its fifth consecutive profitable quarter, and said it would have more cash on hand than debt at the end of 2011. Read more..

By NICK BUNKLEY - The New York Times

Garden Pool Diagramless

Fred Piscop speaks! Read more..

By PATRICK MERRELL - The New York Times

Sanofi Said to Have Offered to Make a Bid for Genzyme

The French drug maker seeks to bolster its biotechnology offerings by buying Genzyme. Read more..

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

Spanish Stress Tests Highlight Divergence

The test results underlined the performance gap between the country’s commercial banks and many of its savings banks. Read more..

By RAPHAEL MINDER - International Herald Tribune

Trader’s Cocoa Binge Wraps Up Chocolate Market

A hedge fund manager has all but cornered the market in cocoa, helping to drive prices in London to a 30-year high. Read more..

By JULIA WERDIGIER and JULIE CRESWELL - The New York Times

See what else happened on July 24, 2010