Financial news on September 29, 2007

Business and Financial news
Altered iPhones Freeze Up

A software update to Apple’s iPhone on Friday disabled third-party applications and rendered iPhones that had been unlocked completely unusable. Read more..

By KATIE HAFNER - The New York Times

Avoiding Pitfalls

Make sure you do your homework if you want to buy a foreclosed house. Read more..

By HILLARY CHURA - The New York Times

Consumer Spending Surpasses Forecasts

An August rise in consumer spending and the cooling of a key inflation indicator raised hopes that the economy is still somewhat protected from turmoil in the housing market. Read more..

By MICHAEL M. GRYNBAUM - The New York Times

Elegy for a Novel Music Store

The death of an online music retailer, the legal tender trap and more. Read more..

By DAN MITCHELL - The New York Times

Given Fewer Coupons, Shoppers Snub Macy’s

After it took over 410 department stores, Macy’s tried to wean people off of coupons. Now the chain is backtracking. Read more..

By MICHAEL BARBARO - The New York Times

Insurance Broker Wins Dismissal of a Customer Lawsuit

Marsh & McLennan, the world’s largest insurance broker, won dismissal Friday of almost all of a customer lawsuit that accused the company of colluding with insurers to fix prices. Read more..

By BLOOMBERG NEWS - The New York Times

Recalls Make Toy Shopping a Source of Anxiety

With more than 20 million toys manufactured in China recalled for lead paint and other hazards, more parents are looking carefully at what they buy. Read more..

By ANDREW ADAM NEWMAN - The New York Times

The Foreclosure Pickings Are Plentiful but Not Easy

Buying a property in default can be an inexpensive way to get a home, but it’s not for the shallow of checkbook or faint of heart. Read more..

By HILLARY CHURA - The New York Times

U.A.W. Chiefs Unanimously Back G.M. Accord

As further details of the pact emerge, it is being seen as a win-win deal for the U.A.W. and General Motors. Read more..

By NICK BUNKLEY - The New York Times

What Plunge? Stocks Back Near Highs Hit in July

After a tumultuous and brutal August, the stock market is within striking distance of the records it set in July. Read more..

By VIKAS BAJAJ - The New York Times

See what else happened on September 29, 2007