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Business Day

Monday, October 24, 2011 Last Update: 4:30 PM ET

Cut loose by U.S. owners, Saab became an entrepreneur's long-odds dream, while Volvo thrived.

Saab's aerospace heritage is evident in the so-called Ur-Saab, a 1946 prototype of the first Saab car, now on display at the Saab Museum in Trollhattan.
Erik Abel for The International Herald Tribune

Saab's aerospace heritage is evident in the so-called Ur-Saab, a 1946 prototype of the first Saab car, now on display at the Saab Museum in Trollhattan.

Talks Adjourned, Aides Try to Iron Out Euro Rescue Details

Fears are growing that the latest rescue will be another minimal step that falls short of a solution.

Stocks Rise on Upbeat Earnings

Strong corporate results and hope that European leaders were making progress on their debt woes helped lift shares on Wall Street.

DealBook

Cigna to Buy HealthSpring for $3.8 Billion

The deal will give Cigna a significant new presence in Medicare and senior care coverage, an area that is expected to continue growing rapidly.

Vatican Calls for Global Oversight of the Economy

Citing the need for democratic and ethical principles in the marketplace, officials from the Roman Catholic Church suggested the creation of a supranational economic authority.

Ex-Murdoch Executive Questioned

Les Hinton, testifying to a parliamentary committee, dismissed talk of widespread phone hacking at The News of the World as mere accusations.

Administration Proposes Changes to Mortgage Refinancing Program

The overhaul, which will still take months to implement, will let people qualify for new loans no matter how far the value of their homes have declined, and without regard to their financial situations.

DealBook

Japanese Bankers at Heart of Olympus Fee Inquiry

The F.B.I. is investigating a $687 million payout by Olympus, which the Japanese company has described as a fee for advice on the takeover of a British company.

DealBook

Oracle in $1.43 Billion Deal for RightNow

As it builds out its portfolio of cloud-based offerings, Oracle has agreed to acquire RightNow Technologies, a provider of Web-based customer service solutions.

DealBook

Tech Giants Sizing Up Yahoo Bid

Microsoft and Google are considering lending financial support to private equity firms or others mulling a bid for Yahoo, according to people briefed on the matter.

Apple’s Lower Prices Are All Part of the Plan

Apple is using its scale and prowess to deliver products at more aggressive prices, giving it more industry power.

Insight & Analysis

The Media Equation

Why Not Occupy Newsrooms?

Media companies offer their own prime examples of the bonus excess that is driving the protests at Occupy Wall Street.

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Economix Blog

The Recession in Pink and Blue

Whether the growing economic insecurity of women will affect how they vote remains to be seen, an economist writes.

DealBook

Raj Rajaratnam Speaks

The convicted hedge fund billionaire tells Newsweek about his initial interrogation, his connection to P.G. Wodehouse and ola leaves.

You’re the Boss Blog

This Week in Small Business: Is Inflation a Thing of the Past?

Plus: How visible are you when things get tough?

Advertising

Economy Casts Shadow on Advertisers’ Forum

At the Association of National Advertisers’ conference, there was relief that the worst has not happened but worry about sluggish growth and high unemployment.

You’re the Boss Blog

Southfork Kitchen (and Its Owner) Have Survived a Year

Cooks cook. Hostesses host. Bartenders tend. What do owners do after a fine staff has been assembled and the handbooks have all been written?

Corner Office | Selina Lo

I Never Wanted to Be a Manager. But I’ve Learned.

Selina Lo of Ruckus Wireless says that “the art of management is not something I have the patience for,” but that she hires people who excel in the areas she doesn’t.

Interactive Feature: Tracking Europe's Debt Crisis

The latest economic and policy developments from countries in the euro zone.

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