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December 14, 2006

All Business: A look back at 2006: not business as usual

  • Among the surprises: Buffet gave away $30 billion, Ken Lay died, housing tanked and stocks soared.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — At the start of 2006, investors had little interest in the words “pretexting” and “backdating,” the housing market was forecast to make a soft landing and stocks were considered range bound at best.

    Over the course of the next 12 months, those ideas got turned on their head. From the headline grabbing scandals to Wall Street's record surge to Ken Lay's sudden death, it was business unusual in 2006.


     
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