- London Banker Exodus to Geneva Runs Into Housing Shortage, 44% Income Tax Geneva, touted as a haven for London bankers facing heavier U.K. taxes, may lure fewer than predicted thanks to a housing shortage, crowded schools and a 44 percent income-tax rate.
- UBS, Credit Suisse Said to Face Tougher Rules on Holdings of Liquid Assets UBS AG and Credit Suisse Group AG may have to almost triple the amount of cash they hold in relation to customer deposits under new proposals from Swiss regulators, two people familiar with the matter said.
- CO2 Prices May Fall After Copenhagen Misses `Modest' Goals, Barclays Says European and United Nations carbon prices may fall this week because the Copenhagen climate deal didn’t set targets to boost demand for permits, a Barclays Capital analyst said in an interview.
- GE-Mitsubishi Wind-Turbine Battle Threatens Arkansas `Silicon Valley' Plan General Electric Co.’s effort to keep wind turbines made by Mitsubishi Heavy Industries Ltd. out of the U.S. may hinder Arkansas’s plan to become the “Silicon Valley of wind manufacturing.”
- News Corp. Said to Be at Impasse in Talks on Possible Bid for MGM Studio News Corp., owner of the Twentieth Century Fox film studio, is at an impasse in talks on a possible bid for Metro-Goldwyn-Mayer Inc., according to a person with knowledge of the situation.
- `Final Fantasy' Fans Bolster Sony PlayStation Sales With Japan Pilgrimage Matthias Mann couldn’t wait three months for the European launch of “Final Fantasy XIII,” the latest edition of the game that’s sold more than 92 million copies since 1987. So he flew 5,500 miles to Tokyo from Germany to buy one in a language he doesn’t understand.
- Harvard's Interest-Rate `Swaps' So Toxic Even Summers Won't Explain Them Anne Phillips Ogilby, a bond attorney at one of Boston’s oldest law firms, on Oct. 31 last year relayed an urgent message from Harvard University, her client and alma mater, to the head of a Massachusetts state agency that sells bonds. The oldest and richest academic institution in America needed help getting a loan right away.
- Darling's Tax on Banker Bonuses May Turn Into British Election Trump Card Alistair Darling began planning to tax banker bonuses on the flight home from a global summit in September. The U.K. finance chief reckoned that the leaders’ call for banks to defer bonuses and make more payouts in stock would fail to restrain compensation he considered excessive.
- Cadbury's Chief Said to Stress Earnings Benefit of Hershey Deal Over Kraft Cadbury Plc Chief Executive Officer Todd Stitzer told investors that Hershey Co. may get a bigger boost to earnings than Kraft Foods Inc. by buying the U.K. confectioner, according to three people who heard the statement.
Bloomberg Daily News 21st December 2009
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