Financial news on October 31st, 2009

Business and Financial news
Alcatel-Lucent Sees Loss Widen in 3rd Quarter

The French-American telecommunications equipment maker said its quarterly loss more than quadrupled to $271 million as demand fell for older-generation wireless network gear. Read more..

By KEVIN J. O'BRIEN - International Herald Tribune

Burden of Safety Law Imperils Small Toymakers

The law requiring safety standards for products used by children is costly for handcrafters and small businesses. Read more..

By LESLIE WAYNE - The New York Times

CliffsNotes of Columns to Come

Hockey and lotteries are among the topics Joe Nocera plans to write about more fully after he returns from his book leave. Read more..

By JOE NOCERA - The New York Times

Consumer Electronics Makers Show Strength

Sony posted its fourth consecutive quarterly loss but said it would lose less money than expected this fiscal year, while Panasonic and Samsung posted quarterly profits. Read more..

By HIROKO TABUCHI - International Herald Tribune

Hong Kong Love of Wine Finds New Outlets

Since a 40 percent tax on wine was dropped, imports have soared, auction houses have held multimillion-dollar sales and neighborhood wine shops have appeared. Read more..

By JOYCE HOR-CHUNG LAU - International Herald Tribune

In China, Objections to Google’s Book Scans

Two Chinese writers’ groups claim that Google has scanned Chinese works into an electronic database in violation of international copyright standards. Read more..

By SHARON LaFRANIERE - The New York Times

Now Is the Time to Weigh Medicare Options

Before the year ends, people have to decide whether to choose a new plan in the program or to change nothing at all. Read more..

By WALECIA KONRAD - The New York Times

Oil and Gas Price Increases Meet Opposition in Philippines

With millions of Filipinos still reeling from the effects of successive typhoons, the price increases by the three largest oil companies in the country were criticized as greedy, callous and predatory. Read more..

By CARLOS CONDE - International Herald Tribune

Pushing Fresh Produce Instead of Cookies at the Corner Market

Cities across the country like Newark and Cleveland are joining in a new effort to improve the diets of low-income residents. Read more..

By KEVIN GRANVILLE - The New York Times

The Old G.M. Is Dead, but Its Shares Live On

Shares of the former General Motors are trading at around 60 cents each, even though they are worthless. Why? The answer may lie in short sales. Read more..

By FLOYD NORRIS - The New York Times

See what else happened on October 31st, 2009