- Google Takes On AT&T in Fight Over `Terrifying' Internet Neutrality Rules Google Inc. backs “extreme regulatory standards,” AT&T Inc.’s top Washington official says. His rival at Google calls the phone company’s campaign against new Internet rules “almost laughable.”
- Bank of America Discussed Merrill Lynch Losses in November, E-Mails Reveal Bank of America Corp. discussed losses at Merrill Lynch & Co. in early November, more than a month before telling regulators the lender needed U.S. help to complete its takeover, according to documents provided to congressional investigators.
- China's `Growth on Steroids' Risks Next Slowdown as Lending Binge Subsides China’s stimulus-induced lending binge probably propelled growth in the third quarter to its fastest pace in a year. Now, policy makers have to figure out how to wean the economy off state support.
- Ford, Geely Talks on Volvo Sale Said to Falter Over Intellectual Property Geely Holding Group Co.’s 10-month effort to buy Volvo from Ford Motor Co. may fall apart within days as the companies struggle to agree on intellectual property rights, two people familiar with the talks said.
- Switzerland's Tainted Brand Forces Unigestion of Geneva to Open Paris Fund Unigestion Holding SA, a Geneva money manager whose clients include Nestle SA’s pension fund, has registered a fund in France as attacks on bank secrecy taint the premium Swiss financial brand. Others may follow.
- Cheapest Money in Two Months Spurs U.S. Muni Bond Sellers: Chart of Day U.S. municipalities have decided it’s a good time to borrow money.
- Dubai World May Sell Bonds to Repay Maturing Nakheel Sukuk, Bankers Say Dubai World, the state-owned holding company grappling with $40 billion of debt, may be able to sell bonds to repay loans, including a $3.5 billion Islamic bond due at year-end, two bankers familiar with the group’s plans said.
- ING Real Estate Shuns `Speculative' Mideast Market, Bank's Asia Chief Says ING Groep NV’s $150 billion real estate fund has no interest in the Middle East because of overdevelopment, the head of the Dutch bank’s Asian property unit said.
- Hyundai Supplants Toyota as Japan Exports Wither With Won Undermining Yen David Beidny’s choice between a Japanese and South Korean car was easy: Hyundai Motor Co. gave him $3,500 in cash to make the purchase, a deal that money- losing Toyota Motor Corp. could ill afford to offer.
Bloomberg Daily News 22nd october 2009
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