- Malone Doesn't Rule Out DirecTV Takeover by AT&T or Verizon Communications DirecTV Group Inc. Chairman John Malone won’t rule out a possible takeover by AT&T Inc. or Verizon Communications Inc., saying they will likely have closer ties to his company as they develop packages of phone and television service.
- Facebook Common Stock Value Jumps 42% to $9.5 Billion on Private Market The price of Facebook Inc. stock on exchanges for private companies has jumped as much as 42 percent in the past four months as membership of the site topped 300 million users and the company turned cash flow positive.
- AOL Will Eliminate 2,300 Jobs as It Seeks to Lower Costs by $300 Million AOL, the Internet unit being spun off from Time Warner Inc. in December, plans to cut about one- third of its workforce over the next several months.
- Elizabeth Warren Winning Means Banks Won't Sell When They Can't Explain It In Elizabeth Warren’s world, credit card contracts would be so simple a teenager could read and understand them in four minutes. Loans would be as easy to compare as toasters, and online credit scores would be free.
- Electric Cars Push `Old-Guard' Japanese Engine Parts Makers to Crisis Mode Auto supplier NTN Corp. knew its gasoline engine parts wouldn’t be needed in Nissan Motor Co.’s Leaf electric car. So the component maker’s engineers built a mock model to test a motor-and-brake system it developed for electric vehicles.
- L.A. Mayor Pitches Obama for $9 Billion to Prevent 7 Mile-an-Hour Gridlock Los Angeles Mayor Antonio Villaraigosa said his goal to speed up construction of 12 transit projects and ease congestion in the second-biggest U.S. city requires “creative” funding help from Washington.
- Boeing May Lose $7.5 Billion Sale to Brazil as Senate Blocks Obama's Envoy Boeing Co. may lose a $7.5 billion jet fighter sale to Brazil unless the U.S. Senate lifts a four- month delay in confirming President Barack Obama’s nominee for ambassador to Latin America’s biggest country, a former top U.S. diplomat to the region said.
- Tufts President Says Wealthy College Endowments Should Take Much Less Risk American colleges and universities with the largest endowments should abandon an investment strategy that has contributed as much as 49 percent to their annual operating budgets because such risk-taking resulted in disruptive cost-cutting in the aftermath of the worst financial crisis since the Great Depression, Tufts University President Lawrence Bacow said.
- Azeris May Send Natural Gas to Asia as EU Caspian Pipeline Plans Languish Azerbaijan, Europe’s closest energy ally in the Caspian basin, is threatening to sell its gas to Asian markets, pressuring the European Union to complete pipeline accords to boost its own deliveries from the region.
Bloomberg Daily News 20th November 2009
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