- Buffett's Burlington Buy Includes CEO Who Engineered Top Railroad in U.S. Warren Buffett didn’t just buy a railroad when he announced his purchase of Burlington Northern Santa Fe Corp. He hired the engineer, too.
- Sarkozy's `Grand Loan' Pits EADS Against Peugeot, Safran in Fight for Cash President Nicolas Sarkozy’s plan to spend at least 30 billion euros ($44 billion) to reverse France’s declining industrial competitiveness has triggered a scramble for a piece of the pie.
- Reclamation, Zimbabwe Plan to Mine Diamonds at Site of Human Rights Abuses New Reclamation Group Ltd. plans to form a venture with Zimbabwe to mine diamonds from a deposit that human rights groups have said has been the site of military atrocities, a copy of the agreement shows.
- Tyranny of Distance Curbs Australian Hedge Fund Revival in Post-Madoff Era After a decade running Sydney-based hedge fund Commodity Strategies Ltd., founder Rob Holroyd is planning a move to New York or Switzerland in search of cash.
- Spain Beating Europe in Stock Market With 40% of Profit From Latin America Spain, suffering from the highest unemployment rate in Europe, is producing the best stock returns among countries in the region with shrinking economies as sales to Latin America grow.
- Rogoff, Johnson, Rajan Say G-20 and IMF May Fail to Curb Global Imbalances The Group of 20’s effort to shift the global economy away from dependence on U.S. spending and Chinese savings may fail because the International Monetary Fund lacks the power to enforce its policy prescriptions, the IMF’s past three chief economists said.
- Marsh & McLennan Chances for Deals Rise in Weak Economy, Duperreault Says Marsh & McLennan Cos., the second- biggest insurance broker, is capitalizing on the recession by buying companies that would have been out of reach in better times, Chief Executive Officer Brian Duperreault said.
- Allstate Sells Munis as CEO Wilson Says Governments `Not in Great Shape' Allstate Corp., the largest publicly traded U.S. home and auto insurer, is paring its municipal-bond holdings because state and local governments are “not in great shape,” Chief Executive Officer Thomas Wilson said.
- JPMorgan Deal Arranging Alabama Swap Supplied Rolex, Shoes to Politicians JPMorgan Chase & Co.’s Charles LeCroy explained to a colleague in 2003 how he planned to keep his job as the chief bond banker to Jefferson County, Alabama.
- Two Days of Talks Said to Sway General Motors Board, Chief on Opel's Value General Motors Co.’s board began a meeting poised to sell most of Opel to Magna International Inc. and scrapped the deal after concluding that the money-losing unit could be saved, people familiar with the matter said.
Bloomberg Daily News 5th November 2009
No comments:
Post a Comment