- Bonderman Using Socratic Method in GM Boardroom Raises Executive Hackles General Motors Corp. directors once drew criticism for accepting the losses that sent the automaker into bankruptcy. The revamped General Motors Co. board charts a more activist course.
- Greece's Papaconstantinou Under Siege as Deficit Woes Hurt Ratings, Bonds Greek Finance Minister George Papaconstantinou began the week with his office protected by baton-wielding riot police taming student protests. Now, investors have him under siege as the country’s bonds tumble.
- Gordon Ramsay Flees the Kitchen as TV Fame Helps Rescue Restaurant Empire On a gray morning in October, Gordon Ramsay bursts into the kitchen of his south London house, pop music blaring from the radio. At the heart of the room stands a 67,000-pound ($109,000) French cooking range that weighs 2.5 tons and had to be lowered by crane into the celebrity chef’s home.
- San Marino May Have to Sell Bonds to Weather Exodus of Deposits From Town San Marino, a country the size of Manhattan, may sell international bonds for the first time to help its banks withstand an exodus of deposits amid a global crackdown on tax havens.
- EU Mission Against Somali Pirates May Need to Extend Range, Commander Says The European Union’s anti-piracy operation may expand the area it patrols because Somali pirates have begun to threaten ships as much as 1,000 miles (1,609 kilometers) from shore, according to the mission’s commander.
- Hatoyama Means Stocks Plummeting as Yen Rises With Unfilled Japan Mandate Japanese Prime Minister Prime Minister Yukio Hatoyama swept into power 10 weeks ago with a pledge to revive the economy and stand up to the U.S. He has governed as if his mandate were to tread water instead.
- Gundlach Turmoil May Delay Societe Generale's Plans for TCW Spinoff or IPO Societe Generale SA spent the year exploring a possible spinoff of TCW Group Inc., the Paris-based bank’s U.S. fund unit. Its plans may be set back by turmoil at TCW, where clients yanked $1.7 billion after Jeffrey Gundlach, the chief investment officer, was fired last week.
Bloomberg Daily News 11th December 2009
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