• FDIC Watched as `Hot Money' Boomed at Colorado's Defunct New Frontier Bank New Frontier Bank, the largest lender in northern Colorado, had a lot to be proud of in early 2007. Assets had grown by 66 percent the previous year and profits by 53 percent. American Banker rated the bank the ninth- most efficient in the country.


• Dell's Offer to Perot Over Breakfast `Just Evolved' Into $3.9 Billion Deal H. Ross Perot Jr. said he began talking “chairman to chairman” with Michael Dell two years ago, relying on an old family friendship, before agreeing to Dell Inc.’s $3.9 billion buyout offer for Perot Systems Corp.


• Passport-Waving Socialist Challenges London's Financial Power Over Europe European Socialist Party President Poul Nyrup Rasmussen waved his red passport at hundreds of hedge-fund and private-equity managers in London’s 600-year-old Guildhall to assert his challenge to the city’s financial power.


• AstraZeneca Denied Drug's Diabetes Link After Warning Japanese Physicians An AstraZeneca Plc saleswoman told a U.S. doctor the antipsychotic Seroquel didn’t cause diabetes almost four years after the company warned Japanese physicians about the drug’s links to the disease, internal documents show.


• French Market Poised to Deliver Jackpot for Britain's Gambling Companies PartyGaming Plc, William Hill Plc and 888 Holdings Plc, U.K. gambling companies facing a slowing market at home, may get a boost as neighboring France opens its online-betting market to foreign operators next year.


• Bernanke Effort to Accelerate Growth May Be Undermined by Loan Contraction Federal Reserve Chairman Ben S. Bernanke’s efforts to stoke a U.S. economic recovery may be undermined by the central bank’s other goal of restoring the banking system to health.


• Former Pariah Qaddafi's U.S. Trip Seals Courtship of Libya Over Oil Deals The families of Americans killed in the bombing of a jetliner over Lockerbie, Scotland, in 1988 will protest Libyan leader Muammar Qaddafi’s visit to New York this week. His United Nations counterparts may be more welcoming.


• Exxon Mobil Plans Chemicals Expansion in Bet Chinese Demand Will Increase Exxon Mobil Corp., the world’s biggest maker of chemicals used in plastic bottles, is boosting investment in Asian plants on expectations Chinese demand will increase faster than sales of gasoline and diesel.


• Fed Rejects Geithner Request for Public Study of Its Governance, Structure The Federal Reserve Board has rejected a request by U.S. Treasury Secretary Timothy Geithner for a public review of the central bank’s structure and governance, three people familiar with the matter said.


• M&A Boom Coming to S&P 500 as Record Cash Combines With Dropping Yields Never before have U.S. companies piled up cash faster compared with interest costs than they are now, setting the stage for a surge in mergers and acquisitions.

Bloomberg News 24th September 2009