Financial news on August 29th, 2009

Business and Financial news
As Internet Booms, the Postal Service Fights Back

Facing a $7 billion deficit, postal officials argue that as the economy rebounds, so will life-sustaining advertising mail. Read more..

By ANDREA FULLER - The New York Times

C.E.O. Helps Jimmy Choo Diversify

Under the leadership of Joshua Schulman, the luxury brand has been stretching its footwear mix and plans to bring out a scarf and handbag line. Read more..

By SONIA KOLESNIKOV-JESSOP - International Herald Tribune

Consumers Enticed to Spend More in July, Data Say

Americans are generally cutting back, but new reports suggest that car rebates and tax credits for new homebuyers helped lift consumer spending in July. Read more..

By JACK HEALY - The New York Times

Corporate Sleuth Plans to Start Credit Rating Firm

Jules Kroll plans to use his corporate intelligence skills to analyze the creditworthiness of companies, an opportunity created by the subprime mortgage crisis. Read more..


Coupons You Don’t Clip, Sent to Your Cellphone

Mobile coupons — usually text messages with discount codes sent to a cellphone — are becoming the blue-light specials for the digital age. Read more..

By JENNA WORTHAM - The New York Times

For Common Male Problem, Hope Beyond a Pill

For some, pills like Viagra and Cialis don’t work. And even if they do, there are more cost-effective ways to treat a problem that grows more common with age. Read more..

By LESLEY ALDERMAN - The New York Times

How Retirees Can Spend Enough, but Not Too Much

One adviser offers a formula that helps retirees raise or lower their withdrawals depending on the performance of the stock market. Read more..

By RON LIEBER - The New York Times

Illuminating the Future of Energy

The era of easily accessible fossil fuels is likely to be but a brief blip in the history of humanity. Read more..

By DAVID J.C. MacKAY - International Herald Tribune

Investors in Cerberus Seek to Pull $5.5 Billion

The pessimism of the investors, 71 percent of those with stakes in the two Cerberus Partners funds, is another black eye for the firm. Read more..

By ZACHERY KOUWE - The New York Times

‘Non-GMO’ Seal Identifies Foods Mostly Biotech-Free

Many makers of organic and natural foods said their credibility depended on ensuring that their products were free of genetically altered ingredients. Read more..

By WILLIAM NEUMAN - The New York Times

See what else happened on August 29th, 2009