Financial news on February 28, 2009

Business and Financial news
Advice to the Jobless on Getting Health Coverage

Even if you can’t afford the insurance your job once provided, you may still have options to guard against medical bills. Read more..

By LESLEY ALDERMAN - The New York Times

Banks Seized by Regulators, Bringing 2009 Total to 16

Two banks were seized including the Heritage Community Bank of Glenwood, Ill., and Security Savings Bank of Henderson, Nev. Read more..

By BLOOMBERG NEWS - The New York Times

House Bill Expected on F.D.A. Control of Tobacco

Both pro- and anti-tobacco forces have been waiting to learn when the Democratic Congress would bring up the F.D.A. legislation. Read more..

By DUFF WILSON - The New York Times

Lenders Pledge $31 Billion for Eastern and Central Europe

Three global development banks pledge aid in the form of equity and debt finance, credit lines and political risk insurance. Read more..

By ALAN COWELL - The New York Times

News Editors Call Off Convention

With newsrooms cutting costs, registrations were sharply down. Read more..

By RICHARD PÉREZ-PEÑA - The New York Times

Saudi Prince Is Humbled by Citigroup

The bank’s collapsing share price has damaged few reputations as much as Prince Walid bin Talal’s. Read more..

By LANDON THOMAS Jr. and ERIC DASH - The New York Times

Sony Chief Takes Over Company’s Presidency

Sony said Howard Stringer, its chief executive officer, would replace Ryoji Chubachi as president to give the C.E.O. a freer hand in restructuring. Read more..

By HIROKO TABUCHI - The New York Times

Stressing Long-Term Focus, Blackstone Bounces Back

The investment firm reported a loss but its message that it was better off than banks may be striking a chord with investors. Read more..

By ZACHERY KOUWE - The New York Times

See what else happened on February 28, 2009