- U.S. Economy Isn't Out of the Deflation Woods Yet: Interactive Analysis Deflation remains a possibility in the U.S. because the drivers of last year’s price declines are still in effect, an analysis shows.
- Singapore Withdraws Red Carpet for Overseas Workers on Political Concern After luring investor Jim Rogers, actor Jet Li, Filipino maids and Bangladeshi construction workers with one of Asia’s most open immigration policies, Singapore is becoming a little less welcoming to foreigners.
- AIG Document New York Fed Kept Secret Shows Goldman Minted Most Toxic CDOs When a congressional panel convened a hearing on the government rescue of American International Group Inc. in January, the public scolding of Treasury Secretary Timothy F. Geithner got the most attention.
- Thermo Fisher Seeks Greater Biotechnology Role in $6 Billion Millipore Bid Millipore Corp. said it hired Goldman Sachs Group Inc. as financial adviser to help its board evaluate “strategic alternatives” including a possible merger or sale.
- ABB Taps Emerging Markets, Guards Cash to Navigate Through `Thunderstorm' ABB Ltd. Chief Executive Officer Joe Hogan plans to expand in Brazil and India and remain selective with acquisitions, saying Europe and the U.S. may need more time to emerge from the steepest economic slump in half a century.
- Venezuela Has $5 Billion Stockpile to Shore Up Unregulated Bolivar Rate Venezuela’s central bank may inject more than $5 billion of dollar-denominated securities into the financial system this year to strengthen the bolivar in the unregulated foreign-exchange market, a government official said.
- U.S. Stock Slump Fits With Bull-Market Pattern: Chart of the Day U.S. stocks are falling into “a recurring pattern” of volatility this year as the economy’s rebound gains momentum, according to Jeffrey Kleintop, chief market strategist at LPL Financial.
- NCR May Make Acquisitions to Add Digital, Mail-In Movie Rentals, CEO Says NCR Corp., the company that owns Blockbuster Inc.’s movie-rental vending machines, will consider acquisitions to expand into digital and mail-in movie rentals, Chief Executive Officer Bill Nuti said.
- GM's Sale of Saab Division to Spyker Cars Said to Likely Close This Week General Motors Co.’s sale of Saab Automobile to Spyker Cars NV will probably close this week, moving the Detroit carmaker closer to trimming its U.S. brands by half, two executives involved with the deal said.
- Cyberactivists Get Help From YouTube, U.S. to Thwart Repressive Regimes Cameran Ashraf was instant-messaging from Los Angeles with an activist in Iran during anti-government protests Feb. 11 when the chat went dead.
Bloomberg Daily News 24th February 2010
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