- Politicians Can't Wait for Bankers to Find Global Harmony on Regulations Politicians under pressure from angry voters to show progress on financial reform are losing patience with bankers waiting to reach global harmony on new rules.
- Wells Fargo Shunning `Carry Trade' Bets $1 Billion on Interest Rate Uptick Wells Fargo & Co., unlike its three biggest competitors, is so convinced interest rates will rise that it sacrificed as much as $1 billion last year cutting back on fixed-income investments.
- Roubini Sees `Very Dismal' U.S. Growth as Summers Rues `Human Recession' Nouriel Roubini, the New York University professor who anticipated the financial crisis, said the U.S. growth outlook remains “very dismal” and White House economic adviser Lawrence Summers said the economy is still mired in a “human recession.”
- Debt-Laden Dubai May Spend `Billions' to Expand One Airport, Build Another Dubai Airports, the government-owned airfield operator, plans to seek approval for expansion plans costing “billions of dirham,” undeterred by the emirate’s need for a $20 billion bailout last year.
- China Boss of Davos as Nobody Dared to Inquire What Went Wrong With Google Google Inc.’s opposition to censorship in China was the one topic left off the table in Davos -- at China’s request.
- Goldman Ousts JPMorgan as World's Best Broker as Speed Shakes Up Trading The near darkness behind the bulletproof doors of a windowless Secaucus, New Jersey, warehouse is humming with tens of thousands of computers as U.S. exchanges open on a December Friday.
- Toyota Dealers May Lose $2.47 Billion in Monthly Revenue as Sales Halted U.S. dealers who sell Toyota Motor Corp.’s namesake brand may lose as much as $2.47 billion in combined monthly revenue because of the halt of sales of eight models, including the popular Camry and Corolla sedans.
- UBS Man Drops Bonus, Escapes Trading Floor for Luxury Ski-Maker Near Davos UBS AG senior currency strategist Benedikt Germanier decided that he had become just another factory hen on a trading floor where money was everything that counted. So he ditched his bonus and banker life in the U.S. for a pair of handmade skis.
- Cooper Manning Finds Niche in Energy Stocks, Leaving Football to Brothers Kurt Warner retired today after 12 seasons as one of the National Football League’s most accurate quarterbacks and the leading passer in Super Bowl history.
- Plentiful-Job Gauge Shows Imminent Rebound in U.S. Payrolls: Chart of Day Economists who expect a revival of U.S. employment growth this month have history on their side, according to Thomas J. Lee, a JPMorgan Chase & Co. strategist.
- Northrop Skipping Tanker Would Mark Profit Discipline Under New Chief Bush Northrop Grumman Corp.’s threat to pull out of bidding for the $35 billion U.S. aerial tanker program resonates with investors who want new Chief Executive Officer Wes Bush to ensure profitability at the third-largest U.S. defense contractor.
- Stock Tax May Reduce U.S. Trading Volume 90%, Interactive Brokers CEO Says Taxing equity trades may reduce U.S. stock market volume by 90 percent, Interactive Brokers Group Inc. Chief Executive Officer Thomas Peterffy said.
Bloomberg Daily News 1st February 2010
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