Financial news on July 25, 2009

Business and Financial news
A Little Too Responsible? That’ll Cost You

The CIT Group’s earlier decision to wander into fewer risky bets has now made it more likely to fail. Read more..

By JOE NOCERA - The New York Times

Britain Agrees to Reopen Talks Over Airbus A400M

Britain agreed Friday to join six other European countries in renegotiating a contract for the much-delayed Airbus A400M troop transport. Read more..

By NICOLA CLARK - The New York Times

Can Aluminum Bottles Replace Throwaway Plastic?

Steve Wasik, the chief executive of the Swiss manufacturer SIGG, is driving the sale of reuseable water bottles by promoting them as an eco-chic accessory. Read more..

By SONIA KOLESNIKOV-JESSOP - International Herald Tribune

Ericsson Reports 61% Decline in Profit

The profit decline masked continued growth at Ericsson’s main business of selling wireless network equipment. Read more..

By KEVIN J. O'BRIEN - The New York Times

Gates Faults U.S. on Data Privacy and Immigration

Microsoft’s chairman was critical of the U.S. government’s unwillingness to adopt national identity cards. Read more..

By HEATHER TIMMONS - The New York Times

In a First, Toyota Is in Talks to Close a Plant

Toyota’s dreaded moment is finally here: The Japanese automaker is set to shutter a major factory for the first time in its 73-year history, pulling the plug on a joint venture with General Motors. Read more..

By HIROKO TABUCHI - International Herald Tribune

Latest Earnings Cause Wall Street to Pause

After a string of better-than-expected results, Microsoft and Amazon throw some cold water on the markets. Read more..

By GERRY SHIH - The New York Times

Questions for a Custodian After Scams Hit I.R.A.’s

Ponzi schemes drained more than $1 billion from retirement accounts with a company called Fiserv, but its role in protecting clients is unclear. Read more..

By DIANA B. HENRIQUES - The New York Times

Regulators Spar for Turf in Financial Overhaul

Facing criticism, the administration has scrambled to salvage major elements of its plan to overhaul financial regulation. Read more..

By STEPHEN LABATON - The New York Times

Senator Wants Restrictions on High-Speed Trading

A high-ranking lawmaker asked the S.E.C. to prohibit a trading technique that enables some financial firms to peek at investors’ stock orders before the broader market. Read more..

By CHARLES DUHIGG - The New York Times

See what else happened on July 25, 2009