- Unemployment Confronts Obama Rhetoric With Threatened Chronic Joblessness Full employment ain’t what it used to be.
- Unilever's First Outsider Taps P&G Playbook as Sara Lee Heralds Purchases Unilever’s Paul Polman, who helped build Nestle SA and Procter & Gamble Co. with acquisitions, is taking a page from his old playbooks in his new job.
- State Housing Agencies Said Slated to Get U.S. Treasury Help for Borrowers State housing agencies in the U.S. that provide mortgages to low-income borrowers would get as much as $35 billion in federal aid under a new U.S. Treasury Department program, people familiar with the matter said.
- Smartest Currency Traders Juggle Krone, Krona, Kiwi in Central Banking Bet Just as the Group of 20 warns against ending stimulus efforts, investors are betting interest- rate increases from Oslo to Stockholm to Wellington will provide the biggest boost to this quarter’s strongest currencies.
- CVS, Medco Profits May Narrow on $10 Billion U.S. Contract Facing Overhaul CVS Caremark Corp. and Medco Health Systems Inc. may generate less profit from a shared $10 billion contract for federal-employee drug benefits after a study found the plan costs more than other government prescription programs.
- China's $586 Billion Stimulus May Prompt Local Overheating, HSBC's Qu Says China’s government stimulus may risk overheating some parts of the economy as local authorities rush to expand fixed-asset investment, said Qu Hongbin, chief China economist at HSBC Holdings Plc in Hong Kong.
- Nikon Earnings From Cameras Likely to Beat Forecast, Division Head Says Nikon Corp., the second-biggest maker of cameras used by professionals, will probably earn more from its photography unit than the company had forecast, led by higher-than-expected exports, an executive said.
- Treasury's No. 2 Wolin Says Financial Rules Overhaul Is Likely This Year Deputy Treasury Secretary Neal Wolin, the department’s No. 2 official, said he expects Congress to revamp financial regulations for Wall Street this year.
- Fed Rescue Strategy for Economy Lowers U.S. Bailout Tab to $11.6 Trillion The Federal Reserve decided to keep pumping $1.25 trillion of new money into the mortgage market to focus on rescuing the U.S. economy as the financial system revives and banks ask for less help.
Bloomberg News 29/09/2009
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