Financial news on October 28, 2006
Business and Financial news
Critics have accused SoundExchange, the nonprofit that handles royalty payments for musicians, of moving too slowly to find artists who haven’t been paid. Read more..
Robert A. Eckert, chairman and chief executive of Mattel, spoke about the company’s turnaround plans, Barbie and child-proofing gadgets that created a new market. Read more..
The last Ford Taurus rolled off the assembly line, the end of a model that revolutionized the way cars were developed in Detroit. Read more..
The housing market’s free fall slowed economic growth to its weakest pace since early 2003. Read more..
Figuring out charges for financing and for late payments can be a mystery for consumers. Read more..
Market strategists are warning that there is a lot of room for the Dow to fall and good reasons to think it might. Read more..
Shares of Industrial and Commercial Bank of China soared 15 percent on their first day, in the biggest initial offering in history. Read more..
While most consumers are oblivious to product recalls, the basic problem remains that companies don’t like having to announce a recall. Read more..
Robust corporate profits and flagging inflation propelled the stock market to new heights, but economic news on the ground was not as encouraging. Read more..
A Tokyo-based chain hopes to take on Starbucks by offering new gourmet tea drinks, including a latte made with green tea. Read more..