http://money-finance-investment-blog.com The world of money, finance and investment Fri, 05 Dec 2008 06:43:34 +0000 http://backend.userland.com/rss092 en States’ struggles to satisfy energy mandates offer lessons for the next administration. http://www.nytimes.com/2008/12/05/business/05power.html?partner=rss&emc=rss The Treasury Department is working on a plan to boost the housing market by subsidizing 30-year home mortgages with rates as low as 4.5 percent. http://www.nytimes.com/2008/12/05/business/05housing.html?partner=rss&emc=rss If shareholders continue to wage legal battles against the fund and its manager, they risk getting far less back, because more of their money will be used to pay the fund company’s outside lawyers. http://www.nytimes.com/2008/12/05/business/05fund.html?partner=rss&emc=rss Donald Trump has filed a lawsuit maintaining that the current financial crisis provides him with a good reason not to pay $40 million owed to Deutsche Bank. http://www.nytimes.com/2008/12/05/business/05norris.html?partner=rss&emc=rss The 5.1 percent decline was the third consecutive drop in demand for both durable goods and nondurable goods. http://www.nytimes.com/2008/12/05/business/economy/05econ.html?partner=rss&emc=rss Most of the nation’s stores kicked-off the critical holiday shopping season with double-digit sales declines, despite relatively strong sales in the few days after Thanksgiving. http://www.nytimes.com/2008/12/05/business/economy/05shop.html?partner=rss&emc=rss The Detroit automakers confronted the harsh politics of an economic downturn and the realization that there might not be the votes to save them. http://www.nytimes.com/2008/12/05/business/05auto.html?partner=rss&emc=rss Under increasing scrutiny for its role as a leading offshore tax haven, the country will now in limited circumstances turn over the bank records of American clients suspected of tax evasion. http://www.nytimes.com/2008/12/05/business/worldbusiness/05bank.html?partner=rss&emc=rss The company cited a harsh impact from the stronger dollar and continuing sluggish sales of several big medicines. http://www.nytimes.com/2008/12/05/business/05merck.html?partner=rss&emc=rss The largest U.S. luxury home builder wrote down less inventory in the fourth quarter, but dire market conditions kept it from giving any kind of forecast. http://www.nytimes.com/reuters/business/business-us-toll.html?partner=rss&emc=rss Airlines, which assert that they own landing slots at Kennedy, La Guardia and Newark Liberty airports, hate the idea of an auction. http://www.nytimes.com/2008/12/05/nyregion/05slots.html?partner=rss&emc=rss Federal authorities accused William Del Biaggio III of defrauding investors and using the money to buy his $25 million stake in the Nashville Predators hockey team. http://www.nytimes.com/2008/12/05/technology/start-ups/05fraud.html?partner=rss&emc=rss The company that makes the popular doll may appeal, or seek compromise, in its legal battle with Mattel. ... http://feeds.latimes.com/~r/latimes/business/~3/475375703/la-fi-bratz5-2008dec05,0,7547979.story Oil prices closed down $3 a barrel to $43.67 as the economy slowed and demand eased. http://www.nytimes.com/2008/12/05/business/economy/05markets.html?partner=rss&emc=rss Investment banks across Europe announced job cuts, including 5,300 at Credit Suisse and 1,200 at Commerzbank. http://www.nytimes.com/2008/12/05/business/worldbusiness/05suisse.html?partner=rss&emc=rss Already struggling with a decline in its wireline telephone service, AT&T said that it would cut about 4 percent of its work force and spend less on equipment in 2009. http://www.nytimes.com/2008/12/05/technology/companies/05phone.html?partner=rss&emc=rss The steep cuts are meant to lower borrowing costs as the global downturn worsens. http://www.nytimes.com/2008/12/05/business/worldbusiness/05euro.html?partner=rss&emc=rss A humorous campaign for the coming “Shrek the Musical” spoofs Broadway musical theater, poking fun at songs and song titles from other musicals. http://www.nytimes.com/2008/12/05/business/media/05adco.html?partner=rss&emc=rss The chip maker warned that fourth-quarter revenue would be much weaker than expected because of sluggish demand. http://www.nytimes.com/2008/12/05/technology/business-computing/05chip.html?partner=rss&emc=rss Microsoft named Qi Lu to run its struggling Internet unit on Thursday, filling an important position that had been vacant since the departure of Kevin Johnson in July. http://www.nytimes.com/2008/12/05/technology/companies/05soft.html?partner=rss&emc=rss The old hedge fund model has flaws to fix if they are to fight another day. http://www.nytimes.com/2008/12/05/business/05views.html?partner=rss&emc=rss With steep drops in housing construction and auto sales, the company moves to trim $600 million in costs. http://www.nytimes.com/2008/12/05/business/05dupont.html?partner=rss&emc=rss The warning came hours after the company’s chief executive tried to assuage concerns about the recession’s effect on the coffee retailer’s sales and profits. http://www.nytimes.com/2008/12/05/business/05sbux.html?partner=rss&emc=rss The Bank of England cut interest rates to World War II levels and the European Central Bank made the deepest rate cut in its 10-year history, as Europe's two main central banks moved yesterday to combat a deepening economic downturn. http://feeds.washingtonpost.com/~r/wp-dyn/rss/business/index_xml/~3/qp5s048eEvY/AR2008120400813.html The vision of buying Chevy Chase Bank came to Richard Fairbank six weeks ago in a dream. http://feeds.washingtonpost.com/~r/wp-dyn/rss/business/index_xml/~3/5zJU3iS48PY/AR2008120401068.html November retail sales reported yesterday reaffirmed that this is the season of Wal-Mart. http://feeds.washingtonpost.com/~r/wp-dyn/rss/business/index_xml/~3/l1VBdcDj2Z4/AR2008120401056.html Need more proof that the recession is real? An onslaught of grim unemployment and layoff reports yesterday should dispel any lingering doubts. http://feeds.washingtonpost.com/~r/wp-dyn/rss/business/index_xml/~3/qmfhZ-QoN-c/AR2008120401074.html The government needs to move much more aggressively to help people avoid losing their homes to foreclosure, Federal Reserve Chairman Ben S. Bernanke said yesterday, trying to boost efforts that had stalled in recent weeks. http://feeds.washingtonpost.com/~r/wp-dyn/rss/business/index_xml/~3/--B1LQ0LwRA/AR2008120401749.html Stocks tumbled yesterday, weighed down by a series of layoff announcements from large corporations and continuing signs that the economy's woes are far from over. http://feeds.washingtonpost.com/~r/wp-dyn/rss/business/index_xml/~3/xIYGCnFn11w/AR2008120401545.html With no disrespect meant to Capital One, yesterday's sale of Chevy Chase Bank was a sad day for Washington and the Washington business community. http://feeds.washingtonpost.com/~r/wp-dyn/rss/business/index_xml/~3/W6x5tEXOdGk/AR2008120403789.html