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Delaware-only lawsuit rules challenged
Danaher Corp., a maker of microscopes and water-treatment systems, was sued for adopting corporate bylaws that force shareholders to bring claims against the company solely in a Delaware court.Shareholders of AutoNation Inc. the largest U.S. automobile retailer, travel website Priceline.com and truckmaker Navistar International Corp.China tells Obama what he can do with his yuan views
China took Barack Obama's views on the yuan seriously. So seriously that it is doing the exact opposite of what the U.S. president would like.China let the yuan fall the most in a month on Jan. 23, right after Timothy Geithner, Obama's pick for Treasury secretary, relayed Obama's campaign position that China was "manipulating" its currency.Nardelli may be perfect fit for Chrysler chief exec post
ROBERT NARDELLI, who stumbled in the public eye at Home Depot Inc., may do better at Chrysler LLC as the now-private U.S. automaker focuses on trimming expenses and generating cash, not stock returns. ''This is an absolutely perfect fit,'' said Jack Welch, retired chief executive officer of General Electric Co.Main Street, Wall Street see disconnect in rate cuts
Consumers like Valerie Jacobsen aren't getting much of a break on borrowing costs even after five months of interest rate cuts by the Federal Reserve. Jacobsen, 30, wants to refinance her 7.25 percent first and 8.5 percent second mortgages into one loan at a lower cost. To cut the payments enough to recoup her $3,000 in closing costs, she needs a rate well below 6 percent.Central banks can do better than just mopping up
Central banks care about financial stability. Asset bubbles can be financially destabilizing. Therefore, central banks care about asset bubbles. If only policy makers found this syllogism persuasive. Until now, central bankers pretty much cared about asset bubbles only to the extent that asset prices affected their ability to deliver price stability and, in the case of the Federal Reserve's dual mandate, maximum employment.Palm Beach's rich shelter Cox's Daily News from media woes
When Vanessa Trump, Donald Trump's daughter-in-law, sits down to read the Palm Beach Daily News at the family's Mar-a-Lago club, two things needn't worry her: ink-stained fingers and the health of her local newspaper. The Florida newspaper, called the "Shiny Sheet" because of its bright white, smudge-free paper, is the only one of four area publications owned by Cox Enterprises Inc.AAA crisis can mean better economies for Asian nations
Timothy Geithner said U.S. debt is the safest anywhere even after Standard Poor's yanked away its AAA credit rating. America's bankers in Asia may have a very different take on things. Asia is sitting on $2.6 trillion of U.S. Treasuries, at a time when one of the official arbiters of creditworthiness has just delivered a vote of reduced confidence.Banks take hit as tar washes up in Florida
Just as Gulf Coast banks were beginning to rebound from hundreds of millions of dollars of losses on real estate, a wave of toxic goo approaching the Florida Panhandle may smother some of their progress. Regions Financial Corp. and Synovus Financial Corp. are among lenders dominating the region whose shares are trailing industry benchmarks.
Credit Crisis Enables Bold Strikes by Investors
The credit crisis is creating vulnerabilities in many companies that may be exploited by distressed investors, says attorney Corinne Ball. Failing to anticipate the impact of the credit crisis and the reaction of the well-advised, well