- Wall Street 40% Bonus Jump Feeds Spending on $43 Steaks, $4 Million Co-Ops A 40 percent jump in Wall Street bonuses this year may bring relief to New York City and Albany as the state and its biggest metropolis struggle with a combined $14 billion in budget deficits this fiscal year and next.
- Goodwin's M&A Banker Matthew Greenburgh Shows Adviser Accountability Gap Matthew Greenburgh, a banker at Merrill Lynch & Co., advised Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc on takeovers that brought them close to collapse.
- Chiesi Faced Tax Lien as Government Says She Reaped Illegal Akamai Profit Danielle Chiesi, accused with Raj Rajaratnam in the largest insider-trading case against a hedge fund, was allegedly short-selling shares of Akamai Technologies Inc. as she faced a federal lien for $63,226 in unpaid taxes.
- Nuclear Power's Revival for GE, Areva Leaves Waste Puzzle to Grandchildren When 65 scientists met at Princeton University in 1955 to decide where to permanently store radioactive waste from nuclear power plants, their conclusion was simple: Bury it deep underground, far from earthquakes.
- Raj Rajaratnam Became Billionaire Driving His Analysts, Demanding an Edge Every weekday at 8:35 a.m., Galleon Group’s 70 analysts, portfolio managers and traders pack into a conference room on the 34th floor of the IBM Building, a gray- green polished granite skyscraper on New York’s Madison Avenue. Tardy arrivals are fined $25.
- Financial Armageddon in Alabama Proving Parable for Local U.S. Governments In its 190-year history, Jefferson County, Alabama, has endured a cholera epidemic, a pounding in the Civil War, gunslingers, labor riots and terrorism by the Ku Klux Klan. Now this namesake of Thomas Jefferson, anchored by Birmingham, is staring at what one local politician calls financial “Armageddon.”
- China May Stumble in Pursuit of African Oil Assets as Exxon, Rivals Strike China’s plans to buy into oil fields in Africa may suffer a third setback in as many months if Exxon Mobil Corp. succeeds in snapping up drilling rights in Ghana, one of the continent’s newest oil nations.
- Retail Sales Rebound Into Xmas as Rising Shares Show Consumer Not Dead Yet From Intel Corp. to TJX Cos., it’s beginning to look a lot like the retail holiday season will be happier than forecast.
Bloomberg Daily News 20th October 2009
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