- Bond Weakling California Shows Perils of States' Failure to Disclose Debts California is the world’s eighth- largest economy. Diamond Offshore Drilling Inc. is the largest U.S.-based deepwater oil driller.
- Indictment Dogs Fiat Family Company as Heir Bets on Asian Hedge Fund Firm When John Elkann was just 29 years old, in 2005, he faced the possibility of becoming the Agnelli family leader who lost control of Fiat SpA a century after his great-great-grandfather founded the automaker.
- AIG Dismantled by Asian, European Buyers as Dollar Plunges to 14-Month Low American International Group Inc., once the world’s largest insurer, is being dismantled by Asian and European buyers spurred by the plunge in the dollar and a dearth of U.S. bidders.
- Afghanistan's First Railroad Aims to Undermine Bandit Funding of Taliban Afghanistan is building its first rail link with the help of the Asian Development Bank in a bid to improve trade and aid and undermine highway bandits helping to fund insurgents, including the Taliban.
- Vitamin Shoppe's IPO Hands Blackstone, Horowitz Cash After Dot-Com Crash Vitamin Shoppe Inc.’s initial public offering is giving investors a second chance to buy a stake in the retailer of nutritional supplements a decade after its dot- com unit sold shares at the peak of the Internet bubble.
- Irish Pubs Cut Beer Prices After Pound Slide Leaves Economy `High and Dry' Hugh McGee is cutting the price of Guinness by about 20 percent at his bars and hotels in the Irish town of Letterkenny to keep customers coming across the border from Northern Ireland after the euro’s surge against the pound.
- How New York Fed's Secret Decision on AIG Swaps Cost Americans $13 Billion In the months leading up to the September 2008 collapse of giant insurer American International Group Inc., Elias Habayeb and his colleagues worked nights and weekends negotiating with banks that had bought $62 billion of credit-default swaps from AIG, according to a person who has worked with Habayeb.
- Electric-Car Makers Use U.S. Taxpayer Cash to Enter Market `Full of Risks' Electric-car makers ranging from Ford Motor Co. to California startups are using $11 billion in taxpayer funds to supply a market that doesn’t yet exist.
- Ford Mustang Plant in Michigan Becomes Fifth Factory to Reject Concessions Ford Motor Co.’s Mustang plant in Flat Rock, Michigan, is among six factories to reject contract concessions the automaker is seeking to match those the United Auto Workers granted its U.S. rivals.
- Deal-Breaker for Copenhagen Climate-Change Treaty May Be Obama's Congress When Barack Obama was elected president, he was heralded as a possible savior for climate- treaty talks that had dragged on for years while George W. Bush rejected limits on U.S. greenhouse-gas emissions.
- Pfizer Unit's Prempro Punitive Damages Verdict Remains Secret, Judge Says A Pfizer Inc. unit must pay an undisclosed amount of punitive damages to an Illinois woman who developed breast cancer after taking one of the drugmaker’s menopause treatments, a Philadelphia jury said yesterday.
Bloomberg Daily News 28th October 2009
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