- CEO Pay Breaks Glass Ceiling as Bartz Gets $42.7 Million With '09 Bonanza Chief executive officers’ pay is shattering the glass ceiling.
- Rajaratnam Says Cricket, Not Crime, Was on His Mind During Galleon Trades Galleon Group LLC co-founder Raj Rajaratnam had a ready answer for every question U.S. regulators put to him about possible insider trading three years ago.
- AstraZeneca's $520 Million U.S. Settlement Rewards Repeat Whistleblowers Blowing the whistle on drugmakers is becoming a habit for a salesman and a psychiatrist splitting a $45 million award after AstraZeneca Plc settled claims of illegally marketing a schizophrenia drug.
- Nokia Goes `Back to the Future' in Attempt to Unseat Apple in Smartphones Nokia Oyj has chosen Anssi Vanjoki, an outspoken executive who produced its last hit smartphone three years ago, to bring back the buzz.
- `Perfect Quarter' for Four Banks Shows Fed-Linked Revival on Wall Street Four of the largest U.S. banks, including Citigroup Inc., racked up perfect quarters in their trading businesses between January and March, underscoring how government support and less competition is fueling Wall Street’s revival.
- Danisco Seeks `Financial Muscle' With Dupont-Style Alliances Amid Bid Talk Danisco A/S, the Danish company that’s developing bio-fuels with DuPont Co., will pursue similar alliances to gain “financial muscle” and defend against possible takeover approaches as the market for enzymes attracts larger rivals, its chief executive officer said.
- Portugal Telecom Faces Investor Pressure to Accept $7.3 Billion Vivo Offer Portugal Telecom SGPS SA may struggle to justify to shareholders why it’s rejecting Telefonica SA’s unsolicited 5.7 billion-euro ($7.3 billion) bid for its stake in Brazil’s largest mobile-phone company.
- Now Isn't a Good Time for Estonia to Join the Euro, Altman Says: Tom Keene European policymakers’ approval of Estonia to adopt the euro in 2011 is ill-timed, with governments in the region struggling to bring down deficits and halt a sovereign-debt crisis, according to Edward Altman, finance professor at New York University’s Stern School of Business.
- DP Bets $1 Billion Kochi Port Will Challenge Colombo Grip on India Trade DP World Ltd. said as much as $1 billion may be invested in the first Indian port able to handle the largest container ships as the company tries to challenge Colombo’s grip on India’s maritime trade with Europe and China.
- Apple's Steve Jobs Is `Fully Operational' One Year After Liver Transplant Apple Inc.’s Steve Jobs, a year after getting a liver transplant that saved his life, is back at work full tilt, overseeing product development, leading a campaign against Adobe Systems Inc.’s Flash and endorsing a California law that promotes organ donations.
- BP's Relief Wells Bring Risk of an Even Bigger Oil Spill in Gulf of Mexico BP Plc faces the risk of an even bigger oil spill as it attempts to drill two so-called relief wells to plug a leak on the seabed of the Gulf of Mexico that’s gushing 5,000 barrels a day into the ocean.
- Corrections Corp. Shows Crime Does Pay as States Turn to Private Prisons Erik Townsend says he prefers the Arizona prison where he’s serving 15 years for robbery to the California facility where he was until August. For one thing, he was getting just two hot meals a day at the other prison.
Bloomberg Daily News 13th May 2010
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