- Euro's Decline Buoys Export-Driven Rebound as Austerity Aids Europe “The crisis is over.”
- Blankfein Emulates Buffett as No. 48 Among Wall Street's Highest-Paid CEOs Wells Fargo & Co.’s board of directors had a busy final week of 2009. On Dec. 23, the San Francisco-based lender returned to the Treasury the $25 billion it had borrowed under the U.S. government’s Troubled Asset Relief Program. That freed the bank from the Treasury’s rules on executive pay.
- Vekselberg to Revive Soviet Oil Plant as Russia Pushes Rich to Save Towns Russian billionaire Viktor Vekselberg plans to renovate a money-losing, Soviet-era synthetic oil plant as President Dmitry Medvedev demands the rich invest in towns left impoverished by dying industries.
- Kerviel Says Societe Generale Superiors `Helped' Him Make Disputed Trades Jerome Kerviel, who goes on trial next month over his role in Societe Generale SA’s 4.9 billion- euro ($6 billion) trading loss, said his superiors “helped” him make the futures bets at the center of the case.
- China-India Water Shortage Means Coca-Cola Joins Intel in City-Farm Battle A fight breaks out as student Vikas Dagar jostles with dozens of men, women and children to fill buckets from a truck that brings water twice a week to the village of Jharoda Kalan on the outskirts of New Delhi.
- Satellite-Killing Junk Risks $250 Billion Space Market Ahead of World Cup Trash in space may bring commerce and communications on Earth to a halt unless policy makers and executives take steps to prevent satellite collisions with orbiting junk, according to a Pentagon report.
- Shale Gas Costing 2/3 Less Than OPEC Oil Converges With U.S. Water Concern When Victoria Switzer awoke on a cold night in March, her dog was staring out the window at the flame roaring from a natural-gas-drilling rig 2,000 feet behind her house. She remembers trees silhouetted in a demonic dance as the plume burned off gas that had been building up under her land.
- Lego Aims to Double U.S. Market Share With `Prince of Persia' Brick Sets Lego A/S, Europe’s biggest toymaker, wants to double its U.S. market share in the next five years with board games and building bricks based on Walt Disney Co.’s “Prince of Persia: The Sands of Time” and “Toy Story 3” movies.
- Euro-Area Countries Failed Fiscal Goals 57% of Time, Data Show Euro-area governments breached their own fiscal rules more than half of the time since they began trading the single currency, according to data compiled by Bloomberg News.
- Options Traders' Ranks Swell as Amateur Investors Embrace `Iron Condors' David Siniapkin, a postal worker in York, Pennsylvania, uses some of his retirement money to trade options. After three years and being down as much as $10,000, he’s broken even.
Bloomberg Daily News 27th May 2010
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