- Goldman Sachs Bonus Stigma Etched Too Deep for Philanthropy to Wash Away Goldman Sachs Group Inc., on pace to top 2007’s record $20.12 billion in compensation, may find that acts of largess aren’t enough to mitigate a public backlash sparked by the firm’s bonuses.
- Dell's `Real Reshaping' of PC Pioneer Means Chasing Profit From Services When Salesforce.com Inc. Chief Executive Officer Marc Benioff wanted ideas about how to run his business during the technology recession of 2001, he turned to his friend Michael Dell.
- Bootle Says Bank of England Should Expand Bond Plan `as Far as It Takes' The Bank of England should expand its 175 billion-pound ($284 billion) bond-buying plan “as far as it takes” to fight off the threat of deflation, former Treasury adviser Roger Bootle said.
- Dollar May Decline to 50 Yen, Lose Reserve-Currency Status, Sumitomo Says The dollar may drop to 50 yen next year and eventually lose its role as the global reserve currency, Sumitomo Mitsui Banking Corp.’s chief strategist said, citing trading patterns and a likely double dip in the U.S. economy.
- India's Wipro Will Hire More U.S. Workers as Technology Spending Recovers Wipro Ltd., India’s third-largest software-services provider, plans to hire more workers in the U.S. to take advantage of a rebounding technology market.
- Walmart Delivered S&P 500's Only Gain During Recession: Chart of the Day Wal-Mart Stores Inc. is the only Standard & Poor’s 500 Index company that has rallied during the entire 22-month recession.
- Ex-Cop Loses Bank After Dutch Consumer Advocate's TV Attack Triggers Run Dirk Scheringa, an ex-policeman turned millionaire owner of the Dutch soccer champion AZ, built a financial empire over 34 years. It took two weeks for him to lose control of DSB Bank NV after a critic sparked a bank run.
- HSBC Faces Madoff-Linked Investor Claims in Dublin Case Over Repayments HSBC Holdings Plc, Europe’s largest bank, is facing lawsuits in Ireland by investors faulting the lender for how it performed as custodian for money lost in Bernard Madoff’s $65 billion Ponzi scheme.
Bloomberg News 16th October 2009
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