- Lender That Really Does God's Work Is Slowed as Mortgage Funding Dries Up Mark Holbrook helped fuel a church construction boom by originating more than $3 billion of mortgages in the past decade, transforming a $2 million credit union he joined after Bible college into the largest U.S. evangelical lender.
- KDB Financial's Min Rues `Very Good Opportunity' He Missed to Buy Lehman KDB Financial Group Inc. Chairman Min Euoo Sung said his failed attempt to buy Lehman Brothers Holdings Inc. last year was a missed opportunity for the Korean bank and the global financial system.
- Suitmakers in London Signal Swing to U.K. Conservatives as Brown Stumbles Accountants, management consultants and custom tailors are donating increasing time and expertise to Britain’s Conservative opposition, anticipating the party will beat Prime Minister Gordon Brown in next year’s election.
- General Motors Said to Narrow Search for Finance Chief to Two Outsiders General Motors Co. narrowed the field to replace Chief Financial Officer Ray Young to two executives from outside the auto industry and may make a choice by year’s end, two people close to the matter said.
- Qiagen Poised for More Purchases After Spending $2 Billion in Last 5 Years Qiagen NV, the Dutch biotechnology company that has spent about $2 billion on acquisitions since 2004, is armed for yet more takeovers as it seeks additional gene-based tools to predict disease.
- Mattel's Barbie Store in Shanghai Misses `Astronomical' Revenue Targets Mattel Inc., the world’s biggest toymaker, lowered the sales target for its Barbie store in Shanghai by at least 30 percent after deciding the original marketing concept didn’t work.
- GE Enlightening China Regions Embracing Emissions Plants to Curb Pollution The Ordos region of Inner Mongolia, home to one of China’s biggest deserts, is being transformed into the site of a pine forest that will stretch across its low hills as far as the eye can see.
- Griffin Picking `Juggernaut' Edsparr to Run Bank Means Do-Over at Citadel Patrik Edsparr spent 12 years making hedge fund-like bets at JPMorgan Chase & Co. Now he’s been tapped to run an investment bank at a hedge-fund firm.
- Japan's Deflation Concern Mounts Even as Economy Expands Most in Two Years The acceleration of Japan’s economy to the fastest growth pace in more than two years masked a slide in prices of goods and services that threatens to temper the nation’s recovery.
- Terrorist Attacks Roil Businesses in Pakistan's Punjabi Economic Heartland A spate of attacks in Pakistan’s Punjab as Islamic militants work more closely with the Taliban has raised business concern in the province that generates more than half of the country’s economic growth.
- Nomura Extends Lead in Managing Asian Share Sales With Hitachi, MUFG Deals Nomura Holdings Inc. widened its lead in arranging Asia-Pacific stock sales this year after winning mandates from Mitsubishi UFJ Financial Group Inc. and Hitachi Corp. valued at a combined $14.5 billion.
Bloomberg Daily News 18th November 2009
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