Financial news on May 30, 2009

Business and Financial news
A Disruptive Venture Capitalist Shakes Up a New Field

William R. Hambrecht, the venture capitalist who helped get Apple Computer, Genentech and other industry pioneers off the ground, is now rewriting the rules on initial public offerings. Read more..

By HOLLY HUBBARD PRESTON - International Herald Tribune

A Promise to Be Ethical in an Era of Immorality

A new oath to be taken by graduates of Harvard Business School next week says, in effect, that greed is not good. Read more..

By LESLIE WAYNE - The New York Times

A Slight Upgrade in 1st-Quarter G.D.P.

The economy’s decline in the quarter was not quite as bad as the government originally believed, kindling hope that the economy could resume growing by the end of 2009. Read more..

By JACK HEALY - The New York Times

Critics Call Delaware a Tax Haven

Struggling states are increasingly critical of Delaware for its loophole that helps corporations avoid state taxes. Read more..

By LYNNLEY BROWNING - The New York Times

Hartmarx’s Preference for Buyer Irks Its Bank

Wells Fargo said Emerisque, which Hartmax, the men’s clothing company, chose as a buyer, doesn’t provide adequate value to lenders. Read more..

By STEVEN GREENHOUSE - The New York Times

Industry Fears Americans May Quit New Car Habit

People are making do with the cars they have, leaving the automotive industry to debate, and worry, about what the new normal will be once the recession ends. Read more..

By MICHELINE MAYNARD - The New York Times

Ireland Injects $5.6 Billion Into Bank

The government announced the cash injection for Anglo Irish Bank after the bank revealed a record interim pretax loss. Read more..

By MATTHEW SALTMARSH - The New York Times

Some See an Economy in Crisis, but the Intrepid Find Bargains

Affluent investors are among the first to look for undervalued areas, where the fear may be greater than is justified. Read more..

By PAUL SULLIVAN - The New York Times

Spain’s High-Speed Rail Offers Guideposts for U.S.

Spain’s experience with high-speed trains could hold lessons for the United States in what works and what does not. Read more..

By VICTORIA BURNETT - The New York Times

Students Relying on Loans Wonder Whether Forgiveness Will Last

While the federal government says most of its loan forgiveness programs are secure, state programs, which depend on state budgets, face uncertain futures. Read more..

By JONATHAN D. GLATER, RON LIEBER, TARA SIEGEL BERNARD and PAUL SULLIVAN - The New York Times

See what else happened on May 30, 2009