Financial news on December 29th, 2007

Business and Financial news
A Winner, but Now With a Lot to Lose

Finish Line has been ordered by a judge to complete its acquisition of shoe retailer Genesco against its will. Read more..

By FLOYD NORRIS - The New York Times

China Lets Currency Appreciate a Bit Faster

The increase fed speculation that China was yielding to international pressure and the state of its economy. Read more..

By KEITH BRADSHER - The New York Times

How Smart Is Your Manager?

Some human resources professionals believe companies should test for intelligence when hiring managers, the conventional wisdom on compensation may be wrong and more. Read more..

By PAUL B. BROWN - The New York Times

In Japan, Inflation Surges and Job Market Sags

Japan’s inflation rose at the fastest pace in more than nine years in November while industrial production and household spending declined. Read more..

By BLOOMBERG NEWS - The New York Times

Instant Fortunes, and Sudden Headaches

Suddenly coming into a lot of money isn’t necessarily the ticket to financial freedom. Instead, it can be difficult to find smart, solid advice for handling it. Read more..

By CAITLIN KELLY - The New York Times

Is It Champagne or a Substitute? Refined Palates Can Be Fooled

Comparing Champagne and sparkling wine reveals that a Champagne and caviar lifestyle might just be possible on a Diet Coke and Doritos budget. Read more..

By HARRY HURT III - The New York Times

Letterman and Writers Guild Reach Agreement

The agreement will allow the late-night star to resume his show on CBS starting Wednesday with his team of writers on board, even as the writers’ strike continues. Read more..


Market Mixed as Energy Gains and Financials Fall

Wall Street ended mixed Friday, with gains led by the energy sector and losses led by financial shares. Read more..

By BLOOMBERG NEWS - The New York Times

New-Home Sales Fell to 12-Year Low in November

New-home sales fell 34.4 percent from a year earlier, the biggest year-over-year drop since January 1991. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Varied Home Markets Now Share a Slump

Distinctions between local economies are being overridden by a mortgage market that has made it more difficult for many would-be homebuyers to obtain financing. Read more..

By FLOYD NORRIS - The New York Times

See what else happened on December 29th, 2007