- Microsoft Faces Challenge Shrugging Off `PC Guy' Image With Windows 7 Microsoft Corp. began selling the Windows 7 operating system today, an effort to reverse three quarters of declining Windows sales and fend off Apple Inc.’s gains in personal computers.
- Wells Fargo, JPMorgan Benefit From Hedging on Mortgage-Servicing Rights Wells Fargo & Co. earned almost a third of its pretax quarterly profit by hedging mortgage- servicing rights, producing gains similar to those that have helped some of the biggest U.S. banks offset weaker consumer- lending businesses.
- Stanford Exploits Market Rally Auctioning Buyout Funds, Distressed Assets Stanford University’s stakes in buyout funds, energy companies and distressed securities make up the largest portion of assets the school is offering in the biggest private-equity auction since stocks rallied in March.
- Procter & Gamble Is Said to Consider Purchase of Sara Lee's Overseas Unit Procter & Gamble Co., the maker of Pampers diapers and Pantene shampoo, is in talks to buy part of Sara Lee Corp.’s international household products unit, according to people familiar with the discussions.
- GM Volt, Electric BMWs May Boost South Korea Battery Makers Against Japan Electric cars developed by General Motors Co. and Bayerische Motoren Werke AG may help South Korean battery makers grab market share from Japanese rivals tying up with Toyota Motor Corp. and Honda Motor Co.
- Oil `Too Cheap' at $80 After Dollar's Drop Against Euro: Chart of the Day Oil is “too cheap” and should rise to $88 a barrel in coming months after the dollar’s decline against the euro, a DekaBank study suggests.
- China, India Gird for Global Climate-Treaty Talks by Forging Alternatives China and India’s joint plan to cut greenhouse-gas emissions gives the developing world an alternative to the climate treaty that wealthier nations want them to sign in Copenhagen, analysts said.
- Sarkozy Clan Seeks to Tighten Grip on Paris Skyline Development France’s most ambitious property development since Napoleon III built Paris’s boulevards in the 19th century may soon be overseen by President Nicolas Sarkozy’s son, a 23-year-old undergraduate and county councilor.
Bllomberg Daily News 23rd October 2009
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