Financial news on July 26, 2008
Business and Financial news
Electricité de France is close to buying British Energy Group, the country’s largest nuclear power producer, for as much as $24 billion. Read more..
China said the number of Internet users in the country reached about 253 million last month, ahead of the U.S., thanks to a powerful surge in Internet adoption in the last few years. Read more..
The biotechnology company reported a successful trial for an experimental osteoporosis drug that reduced the risk of bone fractures in post-menopausal women. Read more..
Once prohibitively expensive, Japan is suddenly drawing soaring numbers of Asian tourists — a sign of big economic changes in one of the world’s most dynamic regions. Read more..
Donald R. Keough, a former top executive at the Coca-Cola Company, has turned his speech about how to fail in business — using the example of his own failure with New Coke — into a book. Read more..
A mutiny is growing against energy policies that heavily support and subsidize the blending of ethyl alcohol, or ethanol, into gasoline. Read more..
Standard & Poor’s said it might downgrade the subordinated bonds of Fannie Mae and Freddie Mac, surprising investors. Read more..
Unexpected increases in consumer confidence and business spending reported on Friday buoyed investors’ spirits after a bumpy week. Read more..
A growing number of children are taking drugs for a wide range of chronic conditions related to childhood obesity. Read more..