Financial news on April 28, 2007

Business and Financial news
3 Banks Press ABN to Consider Rival Bid

The banks, led by Royal Bank of Scotland, said they would make a bid worth more than an earlier offer from Barclays for $87 billion. Read more..

By JULIA WERDIGIER - The New York Times

A Dow Breakthrough and a Housing Breakdown

Blue chip stocks surged all week as many big companies reported better-than-expected results, though mixed economic data might quiet the enthusiasm next week. Read more..

By VIKAS BAJAJ - The New York Times

Blue Cross Agrees to Settle Doctors’ Claims

The association will pay $128 million to settle lawsuits brought by doctors who said that they had been underpaid on insurance claims. Read more..

By BLOOMBERG NEWS - The New York Times

Dell’s Founder Is Rethinking Direct Sales

Michael S. Dell is now thinking about changing the way the company markets its computers. Read more..

By DAMON DARLIN - The New York Times

Ex-Hollinger Audit Panel Member Testifies

Prosecutors portrayed the former audit committee member as a talented economist who had been duped. Read more..

By ERIC FERKENHOFF - The New York Times

G.M. Chief’s Compensation Rises Despite Cut in Salary

Rick Wagoner’s compensation nearly doubled even though he voluntarily reduced his salary to aid the automaker’s restructuring effort. Read more..

By NICK BUNKLEY - The New York Times

In Apparel, All Tariffs Aren’t Created Equal

The fees tacked onto clothing as it enters the U.S. may be the last legal form of sex discrimination in the country. Read more..

By MICHAEL BARBARO - The New York Times

The A-B-C’s of Calculating Financial Aid

It’s important to understand the financial aid award letter, the opening salvo of negotiations for student aid. Read more..

By DAMON DARLIN - The New York Times

The Dow May Be at Its High, but Its Performance Is Still Lacking

Only half of the stocks in the Dow are higher than in 2000, while the number of rising stocks in the S.& P. is triple the number of losers. Read more..

By FLOYD NORRIS - The New York Times

They’ll Keep the Smoking Sign On

Extended Stay Hotels recently announced it planned to keep its smokers welcome policies in place. Read more..

By PAUL B. BROWN - The New York Times

See what else happened on April 28, 2007