Financial news on May 29, 2010

Business and Financial news
‘2001’ Characters

Caleb Madison starts right off with a surly bartender. Read more..

By JIM HORNE - The New York Times

A New Pragmatism Behind the Catwalk

In European fashion houses, star designers are being supplanted with brand developers as part of a new postrecession strategy. Read more..

By SUZY MENKES - The New York Times

Curtiss Anderson, Editor and Developer of Magazines, Dies at 81

At Hearst Magazines, Mr. Anderson helped develop Country Living, Smart Money and others, and he edited The Ladies Home Journal at a tumultuous time. Read more..

By WILLIAM GRIMES - The New York Times

Defeating the Lice Without Emptying Your Wallet

Parents sometimes spend hundreds of dollars to treat their children for head lice, but there are some cost-effective remedies to consider first. Read more..

By WALECIA KONRAD - The New York Times

Fritz Sennheiser, Founder of Audio Electronics Company, Dies at 98

Mr. Sennheiser founded Sennheiser Electronic, a manufacturer of equipment used by recording engineers worldwide, and by vocalists like Pink and the Jonas Brothers. Read more..

By MARGALIT FOX - The New York Times

Good Mood on Wall St. Extends to Global Markets

A positive mood on Wall Street carried over into a solid rise in Asian stocks, making for a third day of gains despite nervousness about Europe’s debt. Read more..

By MATTHEW SALTMARSH and BETTINA WASSENER - International Herald Tribune

Owners Bet on Raising the Rent, and Lost

Owners of apartment complexes in New York and San Francisco failed to replace rent-regulated residents with higher-paying tenants and fell into financial straits. Read more..

By CHARLES V. BAGLI - The New York Times

Raymond Haysbert Sr., Baltimore Civic Leader and Businessman, Is Dead at 90

A Tuskegee Airman in World War II, Mr. Haysbert later led Park Sausage, one of the first minority-owned companies to go public, and advised political candidates. Read more..

By JULIE CRESWELL - The New York Times

Spain News Sends Stocks Into Decline

Fitch cut Spain’s credit rating, saying that the country’s debt will probably weigh on the country’s growth. Read more..

By CHRISTINE HAUSER - The New York Times

Workers Squeezing Honda With Especially Costly Strike

The transmission factory supplies four Honda plants in China, all of which have been shut down because of the strike. Read more..

By KEITH BRADSHER - The New York Times

See what else happened on May 29, 2010