- Fannie-Freddie Fix Expands to $160 Billion With Worst Case at $1 Trillion The cost of fixing Fannie Mae and Freddie Mac, the mortgage companies that last year bought or guaranteed three-quarters of all U.S. home loans, will be at least $160 billion and could grow to as much as $1 trillion after the biggest bailout in American history.
- Nokia's Delay on `Shiny Things' Leaves It Last in Line for Apps Developers As Nokia Oyj prepares to introduce its latest flagship smartphone, developer Jan Ole Suhr says he knows why the brains behind addictive applications are shunning the Finnish company.
- Apple Under Pressure to Ease Software Limits as Jobs's Influence Increases Apple Inc., under growing scrutiny from antitrust regulators, may have to loosen restrictions on software developers and music labels to avoid legal wrangling with the government and prevent damage to how its brand is perceived by the public, lawyers and analysts said.
- KKR May Acquire $400 Million Stake in Texas Shale Formation From Hilcorp KKR & Co., the buyout firm run by Henry Kravis and George Roberts, may purchase about $400 million of Texas shale assets from Hilcorp Energy Co., two people with direct knowledge of the talks said.
- Genting `Aggressively' Seeks U.S. Casino Stakes With $1.7 Billion of Cash Genting Malaysia Bhd., the casino owner that parlayed a single hilltop site near Kuala Lumpur into gambling resorts in Singapore, the Philippines and the U.K., is now looking for investments in the U.S.
- Europe's Banks May Face Second Funding Squeeze Amid Sovereign-Debt Crisis European banks at risk of writedowns from the sovereign debt crisis face a funding squeeze that may depress earnings, curb lending and imperil economic recovery in the region.
- BP Spill Is `Opportunity in Disguise' for Rig Makers Keppel, Samsung Heavy Heightened U.S. scrutiny of offshore drilling after the BP Plc spill, the worst in the nation’s history, may spur oil companies to replace aging rigs with new platforms made in South Korea and Singapore.
- Tanker Rates Poised to Surge 43% With China Oil Shipping Buoying Frontline Supertanker rates are poised to surge to a two-year high by December as China’s demand for oil sends ships the equivalent of 11 extra times around the globe in a month.
- Lehman Probe Lesson: Avoid `Big Trouble' by Shunning `Stupid' E-Mail Terms “Just between us,” it may be “stupid” to use certain words in e-mail to “discuss” the “big trouble” you might face if you’re ever investigated for financial wrongdoing or a subsequent cover-up.
- Builders Rush to Finish Houses as Deadline for U.S. Buyer Tax Credit Loom Construction crews for LGI Homes begin work at 4 a.m., pouring concrete slabs for houses before the heat of a Texas day. They don’t stop until 6 p.m., and usually work six days a week.
- Worst Locust Plague in Two Decades Threatens Crops in Australia's Victoria The worst locust plague in more than two decades is threatening to strike Australia, the world’s fourth-largest wheat exporter, after rainfall boosted egg-laying by the insects in major crop growing regions.
- Bernanke Student Borrows Page From Fischer as Protege Writing Fed Policies William English took up fencing as a sophomore at Yale University in 1980, practicing a sport that has been likened to “physical chess” for its strategy and precision.
Bloomberg Daily News 14th June 2010
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