GM to Tiger -- No More Free Cars: Top Business & Finance News

GM to Tiger: No more free cars
General Motors confirmed Wednesday that it put an end to an agreement with Tiger Woods that allowed the golfer to drive its vehicles for free. [CNNMoney.com]

7 Things The iPhone Has The Nexus One Doesn't
Google's new phone, the Nexus One, has been out barely a week and already, the "honeymoon is over." [The Huffington Post]

Google's Likely Exit Stirs Emotions among Chinese Netizens
Outside one of the nondescript glass-and-steel buildings tucked inside a quiet high-tech park in northwestern Beijing, an unusual farewell party is unfolding under intense media scrutiny. [CBSNews.com]

10 Key Charts To See Before You Buy A Home
"The New Year's Guide of 10 Key Charts To See Before You Buy A Home," by Michael David White, editor. [NewObservations.net]


Study Finds Genetically Modified Corn Causing Organ Damage To Rats
A new study concludes that some varieties of genetically modified corn may cause organ damage. [Business Insider]

Bankers apologize for actions that led to crisis
Challenged by a skeptical special commission, top Wall Street bankers apologized Wednesday for risky behavior that led to the worst financial crisis since the Great Depression. But they still declared it seemed appropriate at the time. [Yahoo News]

Is China the Next Enron?
Reading The Herald Tribune over breakfast in Hong Kong harbor last week, my eye went to the front-page story about how James Chanos - reportedly one of America's most successful short-sellers, the man who bet that Enron was a fraud and made a fortune when that proved true and its stock collapsed - is now warning that China is "Dubai times 1,000 - or worse" and looking for ways to short that country's economy before its bubbles burst. [New York Times]

Taxpayers to pay for Fannie, Freddie aid
A recent move by the Treasury Department to remove $200 billion caps on assistance to Fannie Mae and Freddie Mac eliminates any doubt that taxpayers will pay for all their losses for the next three years and appears to be a major step toward formally nationalizing the housing enterprises, analysts say. [Washington Times]

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