Financial news on July 25, 2009
Business and Financial news
The CIT Group’s earlier decision to wander into fewer risky bets has now made it more likely to fail. Read more..
Britain agreed Friday to join six other European countries in renegotiating a contract for the much-delayed Airbus A400M troop transport. Read more..
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..
The profit decline masked continued growth at Ericsson’s main business of selling wireless network equipment. Read more..
Microsoft’s chairman was critical of the U.S. government’s unwillingness to adopt national identity cards. Read more..
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..
After a string of better-than-expected results, Microsoft and Amazon throw some cold water on the markets. Read more..
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..
Facing criticism, the administration has scrambled to salvage major elements of its plan to overhaul financial regulation. Read more..
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..