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Connecticut Investigates Major Debt-Rating Agencies The Connecticut attorney general opened an investigation yesterday into whether the various ratings agencies had improperly pressured issuers of commercial debt as a condition of doing business with them.

Lexmark, Printer Maker, Posts Sharply Lower Profit The company said it planned a major job shift to cut costs, saying the reorganization will affect 1,650 jobs, or nearly 12 percent of its work force.

Penguin Audio Ends EMusic Deal Penguin Audio, one of five publishers to sign with eMusic.com, a rival of Apple?s iTunes, has bailed out, withdrawing 150 titles over concerns about digital piracy.

Weak Sales Prompt Pfizer to Cancel Diabetes Drug The discontinuation of Exubera, an inhaled insulin, is another black eye for Pfizer, the world?s biggest drug company, which has sustained a series of recent reversals.

$117.5 Million Settlement Reported in Options Case Hewlett-Packard has agreed to settle a shareholder lawsuit for $117.5 million in a case related to stock options backdating at Mercury Interactive, the software company it acquired last year.

When a Greeting Card Becomes a Photo Album Online photo services are offering an upgrade to the humble photopaper card ? by selling fancy, folded cards on glossy, high-quality paper stock.

With Design Week, the City Seeks Another Edge House & Garden is teaming up with NYC & Company, the marketing organization of the city government, to put on Design Happening.

For Google, Advertising and Phones Go Together Google, which seeks to extend its dominance of online advertising to the mobile Internet, is expected to unveil the fruit of its secret mobile phone project later this year.

A Taskmaster Who Changed Business News James Walker Michaels, who died last week at 86, was the editor of Forbes magazine for almost 40 years, in which he sharpened and refined business reporting in America.

Canada: Scrutiny for Takeovers Canada will add national security to the list of issues it considers before approving foreign takeovers of companies, Prime Minister Stephen J. Harper said. The change will not apply to takeovers that have already been announced. Mr. Harper?s announcement follows a plan by a government-owned […]