Financial news on February 27, 2010

Business and Financial news
Banks Out of the Woods? Maybe Not

The number of problem loans is a stark reminder that the banking system remains in perilous health. Read more..

By FLOYD NORRIS - The New York Times

Deadly Germs Largely Ignored By Drug Firms

Gram-negative bacteria are practically built to withstand drugs, which is one reason few drug makers have rushed to pursue treatments. Read more..

By ANDREW POLLACK - The New York Times

Indian Government Pledges to Curb Debt

Acknowledging that its debt could threaten growth, India said that it would rein in its fiscal deficit by increasing taxes on consumer goods and slowing spending. Read more..

By VIKAS BAJAJ - International Herald Tribune

In France, Gendarmes Are on Patrol Against Oyster Rustlers

The reason that oyster thefts are rising harks back to a mysterious decimation of stocks a few years ago that hit the seed oysters. Read more..


January Existing Home Sales Drop Despite Tax Credit

Sales of existing homes fell 7.2 percent; analysts had expected an increase. Meanwhile, the first revision of G.D.P. for late 2009 shows that the economy grew at a 5.9 percent annual pace. Read more..

By JAVIER C. HERNANDEZ - The New York Times

Preparing for the Inevitable Bursting Bubble

There’s bound to be another bubble and another one after that. A way to survive their collapses is to honestly assess your long-term goals. Read more..

By RON LIEBER - The New York Times

Private Equity Firm Buys a Fast-Food Operator

CKE Restaurants, the owner of fast-food chains like Hardee’s and Carl’s Jr., agreed on Friday to sell itself to the private equity firm Thomas H. Lee Partners for $619 million in cash. Read more..

By NYT - The New York Times

Too Many Choices: A Problem That Can Paralyze

An overload of options, researchers say, may actually push people into decisions that are against their own best interest. Read more..

By ALINA TUGEND - The New York Times

Toyota Accused of Withholding Data

In a letter to Toyota, Representative Edolphus Towns is seeking more details on a database of vehicle design and testing information. Read more..

By NICK BUNKLEY - The New York Times

U.S.-UBS Deal Is Undermined by Swiss Ruling

The ruling, by the Federal Administrative Court in Bern, raises pressure on Swiss lawmakers to approve the data-sharing settlement with the Internal Revenue Service. Read more..

By BLOOMBERG NEWS - The New York Times

See what else happened on February 27, 2010