Financial news on July 28th, 2007

Business and Financial news
Cadbury Delays Sale of American Beverage Unit

The company cited “extreme volatility” in the leveraged debt market, a decision that added to concerns that the private equity boom may be coming to an end. Read more..

By JULIA WERDIGIER - The New York Times

Creditor Seeks Millions From Dining Chain

Landry’s Restaurants Inc. is facing early redemption demands from a creditor because it has failed to file quarterly reports. Read more..

By KATE MURPHY - The New York Times

Disclosing Bias Doesn’t Cancel Its Effects

Even when consumers know that experts may be giving biased opinions, they are likely to follow the advice. Read more..

By M.P. DUNLEAVEY - The New York Times

Family Shifts Add to Doubt at Dow Jones

The Bancroft family’s deliberations on a sale of Dow Jones to the News Corporation took several bizarre turns Friday. Read more..


‘Harry’ and the Strange Logic of Book Discounters

With rampant price-cutting, did retailers make much money on the young wizard? Read more..

By JOE NOCERA - The New York Times

Hermès Is So Much More Than Silk Scarves

Patrick Thomas, the elusive chief executive at Hermès, the luxury goods purveyor, discusses the luxury goods market, family ownership and his company’s expansion. Read more..

By TRACIE ROZHON - The New York Times

Markets Around the World Are Marching in Lock Step

Major markets around the world now tend to move more in line with one another than ever before, reflecting the dominance of global companies. Read more..

By FLOYD NORRIS - The New York Times

Medtronic to Buy Spinal Device Maker

The medical device maker said that it would buy Kyphon, which sells devices for spinal injuries, for $3.9 billion. Read more..

By BARNABY J. FEDER - The New York Times

Pick a Category, Push a Product offers a review of the 12 categories of advertising formats, a chain of alternative newsweeklies gets bought and more. Read more..

By DAN MITCHELL - The New York Times

Tucking Forward, Chilling Out and Waiting for ‘the Hands of God’

Whitewater kayaking offers a high-risk adrenaline rush and almost unlimited opportunities for adventure. Read more..

By HARRY HURT III - The New York Times

See what else happened on July 28th, 2007