NITIN DESAI (Business Standard India)
The market for credit is not like the market for potatoes. When I buy potatoes, I choose a vendor, select the spuds, pay the cash and that is the end of it. I do not need to know much about the vendor; nor does he need to know much about me.
Business Briefing (Seattle Post-Intelligencer)
New area code not necessary until 2012, commission says ... Data-protection company receives $5.3 million funding ... Esterline to buy California company making fasteners ... WaMu Inc. can restrict sale of large stock blocks, court says ... Boeing posts second-biggest drop in Dow Jones average ... GE reorganizing its loan unit to save $2 billion next year.
Principal applies to get $2 billion federal investment (The Des Moines Register)
Taxpayers could become one of the biggest investors of Principal Financial Group, if the company’s application for $2 billion from a controversial U.S. Treasury program is approved.
Help me make bad decisions (Daily Record)
I would like Congress to take note that my business is failing because I sold the wrong product and made lots of other bad decisions. Now I'm in debt and can't pay my payroll, or other bills. I need an immediate influx of capital through a government loan or a preferred stock buy by the government.
Business news in brief (Philly.com)
Lincoln National Corp. , a life insurer and asset manager in Radnor, said it plans to buy an Indiana savings and loan that has $7.28 million in assets.
