Financial news on September 26th, 2009
Business and Financial news
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..
At the Tokyo Game Show, Apple’s recent foray into video games is causing much hand-wringing. Read more..
Talk of a possible ban from China has made other nations put an urgent focus on mining so-called rare earths. Read more..
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..
An imagined pitch from President Obama in Pittsburgh, jawboning his peers on the need for more bank capital. Read more..
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..
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..
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..
The Japanese brokerage's plan to raise $5.6 billion prompts concerns among investors that other financial companies could follow suit. Read more..
Wall Street was disappointed by weaker-than-expected reports on durable goods and sales of new home. Read more..