Financial news on August 28, 2010

Business and Financial news
Adding Taxes, Shedding Secrecy

Andorra has relied on banking secrecy, tourism and duty-free trade. But lately, those engines of growth have begun to backfire, forcing the small European country to find new sources of revenue. Read more..

By RAPHAEL MINDER - International Herald Tribune

A Sell-Off of Bonds Despite Assurances From Bernanke

Shares rose after the latest revision in the second-quarter growth came in slightly better than expected, but the market still posted a losing week. Read more..

By CHRISTINE HAUSER - The New York Times

Cube Root of Veintisiete

A leftover X and O from Thursday’s puzzle appear in today’s byline. Read more..

By PATRICK MERRELL - The New York Times

Going for a Run

What kind of run is it? Read more..

By PATRICK MERRELL - The New York Times

High-Deductible Plans Grow, but Not Everyone Should Get on Board

More workers are being urged to enroll in plans linked to health savings accounts. Some new rules, however, could be deterrents. Read more..

By WALECIA KONRAD - The New York Times

Japan’s Leader Says He’ll Move to Rein In Surging Yen

Japan’s policy makers are struggling over ways to put a cap on the yen, which hit a 15-year high against the dollar this week. Read more..

By REUTERS - The New York Times

Trichet Cites High Debt as Biggest Threat to Recovery

Permanent reductions in government deficits and public spending are needed to reduce borrowing costs and stimulate private demand, the European Bank president said. Read more..

By SEWELL CHAN - The New York Times

Truck Group to Appeal Smog Ruling at California Port

A trucking group said Friday that it planned to appeal a ruling that allows the Port of Los Angeles to enforce antismog rules on trucks that enter the port. Read more..


United-Continental Merger Clears Federal Hurdle

With a Justice Department review finished, the airlines expect to complete their $3 billion merger within weeks. Read more..

By JAD MOUAWAD - The New York Times

U.S. Economy Slowed to 1.6% Pace in 2nd Quarter

The new figure, down sharply from an initial estimate of 2.4 percent, was a clear signal that growth had slowed to a crawl. Read more..

By MOTOKO RICH - The New York Times

See what else happened on August 28, 2010