- China's Accelerating Bullet-Train Plan May Apply Brakes to Economic Growth Train C2019 covers the 120 kilometers between Beijing and Tianjin in 30 minutes, passing peasants in fields burning corn stalks and warrens of shacks occupied by people who aren’t sharing in China’s economic boom.
- New Jersey Ranks First in Municipal Bond Downgrades as State Aid Dwindles Bond ratings of New Jersey towns and cities are being reduced faster than in any other state as property values slide 11 percent and Governor Jon Corzine lowers municipal aid to cope with a $1 billion budget deficit.
- AIG Said to Halt Chartis Stock Sale as CEO Benmosche Deems It Core Asset American International Group Inc., the insurer rescued by the U.S. government, halted preparations for an initial public offering of its Chartis property-casualty unit, people familiar with the matter said.
- Liddell's `Catch-the-Wave' Style May Presage Ascent to General Motors Helm Chris Liddell’s to-do list as General Motors Co.’s chief financial officer includes repaying $6.9 billion in government debt and leading an initial public offering. He also may end up running the biggest U.S. automaker.
- Pot-Laced Tour Bus Becomes Property of FDIC as U.S. Banks Go Up In Smoke The financial crisis that popped the real estate bubble and pushed U.S. bank failures to a 17-year high landed the Federal Deposit Insurance Corp. a rapper’s tour bus that reeked of marijuana.
- Taxpayers Helping Goldman Sachs Reach Height of Profit With New Skyscraper In the first six months of 2010, about 6,000 employees of Goldman Sachs Group Inc. will take a break from their spreadsheets and move across the southern tip of Manhattan to a new 43-story, steel-and-glass skyscraper.
- Twitter Is Said to Be Profitable After Gaining $25 Million in Search Deals Twitter Inc. will make about $25 million from Internet-search deals with Google Inc. and Microsoft Corp. announced in October, enough to push the site into profitability, people familiar with the matter said.
- U.S. Law Firms Slash Junior-Lawyer Year-End Bonuses by as Much as 71% Law firms including Cravath, Swaine & Moore LLP and Skadden, Arps, Slate, Meagher & Flom LLP cut year-end bonuses for first-year lawyers by as much as 71 percent, part of a bid to keep client costs down and ride out a recession that has forced structural changes in the industry.
- Citigroup `Lottery Ticket' Warrants May Provide Lowest Return to Treasury Warrants the U.S. holds in Citigroup Inc., once the most valuable bank in the nation, may provide the lowest return for taxpayers who stepped in with $45 billion to save the company when no one else would.
- Carbon Permit Prices Tumble After Copenhagen Accord Misses `Modest' Goals European and United Nations carbon prices fell the most since February after the Copenhagen climate accord didn’t set targets that would boost demand for permits.
- Tishman Group's $5 Billion Property Boomerang Costly Lesson for Rob Speyer Rob Speyer showed little interest in his family’s real estate business until his father began talking about buying Manhattan’s Rockefeller Center.
Bloomberg Daily News 22nd December 2009
No comments:
Post a Comment