Financial news on December 27, 2008

Business and Financial news
Advice for Obama From Ernst & Young’s Chief

James S. Turley , chairman and chief executive of the auditing firm Ernst & Young, discusses the management of the Troubled Asset Relief Program (TARP). Read more..

By WILLIAM J. HOLSTEIN - The New York Times

Allergan Eyelash Treatment Approved

The maker of the wrinkle smoother Botox, won federal approval to sell the first prescription medicine to make eyelashes longer, darker and thicker. Read more..

By BLOOMBERG NEWS - The New York Times

Burning Coal at Home Is Making a Comeback

With the cost of heating oil and natural gas prone to spikes, some are deciding coal is worth the trouble. Read more..

By TOM ZELLER Jr. and STEFAN MILKOWSKI - The New York Times

Foreclosures Don’t Spare the House of God

The era of easy credit has begun taking its toll on even the most sacred of borrowers, religious institutions. Read more..

By LOUISE STORY - The New York Times

Gazprom Threatens Gas Cutoff Over Debt

Russia’s gas-export monopoly said that Ukraine was unconstructive in talks over a debt dispute that could lead to the second cutoff of fuel shipments in three years. Read more..

By BLOOMBERG NEWS - The New York Times

Germany Struggles With the Idea of a Bigger Bailout

While many officials and business leaders want another $56 billion in additional spending, industry chiefs want a tax cut. Read more..

By JUDY DEMPSEY - The New York Times

Older Investors Should Examine the Risks in Bonds

Older investors should check that their bond investments are what they thought they were -- and that they fit their tolerance for risk. Read more..

By TARA SIEGEL BERNARD - The New York Times

Reconciling Approaches to Money

Financial stress can strengthen relationships, if it is dealt with. Read more..

By M. P. DUNLEAVEY - The New York Times

The Well-Tempered Chocolatier

Creating a custom chocolate bar, perfectly creamy and exactly to taste. Read more..

By HARRY HURT III - The New York Times

U.S.D.A. Refuses Export Approval for Slaughterhouses

About 30 slaughterhouses in the U.S. were refused certification to export meat to Mexico, the Agriculture Department said, without giving a reason. Read more..

By BLOOMBERG NEWS - The New York Times

See what else happened on December 27, 2008