Financial news on September 26, 2009

Business and Financial news
A Dassault Who Thinks Beyond the Blue Horizon

When he is not negotiating the sale of a Dassault aircraft, chances are Laurent Dassault is pursuing business opportunities in the art and wine sectors. Read more..

By NAZANIN LANKARANI - International Herald Tribune

Apple’s Shadow Hangs Over Game Console Makers

At the Tokyo Game Show, Apple’s recent foray into video games is causing much hand-wringing. Read more..

By HIROKO TABUCHI - International Herald Tribune

China’s Threat Revives Race for Rare Minerals

Talk of a possible ban from China has made other nations put an urgent focus on mining so-called rare earths. Read more..

By KEITH BRADSHER - The New York Times

E.U. to Release Some Bank Stress Test Results

Europe’s 22 biggest banks may have accumulated about 400 billion euros in credit losses for 2009 and 2010, say officials who have seen the results of “stress tests” conducted by European regulators. Read more..

By MATTHEW SALTMARSH - International Herald Tribune

From Obama, G-20’s Mission as Tim Sees It

An imagined pitch from President Obama in Pittsburgh, jawboning his peers on the need for more bank capital. Read more..

By JOE NOCERA - The New York Times

Japanese Clothing Retailer Lives Up to Its Name

Fast Retailing, which owns Uniqlo and Theory, among others, has big ambitions: to be the world’s largest purveyor of cheap yet chic clothing. Read more..

By MIKI TANIKAWA - International Herald Tribune

Kevork S. Hovnanian, Construction Company Founder, Dies at 86

An immigrant from Iraq, Mr. Hovnanian helped start a family company that operates in 18 states and is among the largest builders of residences in the country. Read more..

By BARRY MEIER - The New York Times

New Jersey Businessman, a UBS Client, Pleads Guilty to Tax Evasion

A wealthy UBS private banking client pleaded guilty to tax evasion, the fourth American caught in a widening investigation into the Swiss bank over its offshore services. Read more..

By LYNNLEY BROWNING - The New York Times

Nomura Stock Slumps After Brokerage Announces Share Sale

The Japanese brokerage's plan to raise $5.6 billion prompts concerns among investors that other financial companies could follow suit. Read more..

By BETTINA WASSENER - International Herald Tribune

Weakness in Housing Puts Investors on Defensive

Wall Street was disappointed by weaker-than-expected reports on durable goods and sales of new home. Read more..

By JACK HEALY - The New York Times

See what else happened on September 26, 2009