- Griffin Rebounding From 55% Loss Builds a Bank to Challenge Goldman Sachs Rohit D’Souza was on vacation with his family in India in May 2008 when he got a call from Ken Griffin, founder and chief executive officer of Citadel Investment Group LLC. Griffin wanted the banker, who had just quit his job as head of equity trading and sales at Merrill Lynch & Co., to help him do something no other hedge fund had ever tried.
- Bernanke Trails Gjedrem as `Big Boys' Delay Rate Increases Until Late 2010 The global monetary policy divide is widening as the Federal Reserve, Bank of Japan and major counterparts lag behind Norway and Australia in raising interest rates, a trend that’s set to continue into 2010.
- K1's Kiener, Salesman Turned Hedge Manager, at Center of $400 Million Loss Helmut Kiener went from selling advertising for telephone books and getting paid by the ad to starting a German hedge-fund firm that would eventually make bets using millions borrowed from such banks as Barclays Plc, JPMorgan Chase & Co. and BNP Paribas SA.
- Iliad's Founder Niel Bring Promise of Lower Mobile-Phone Prices to France Iliad SA founder Xavier Niel may do for France’s mobile-phone services what his Free brand did for broadband Internet access: bring down prices in one of Europe’s most expensive markets.
- Volvo Cars May Lose Supplier Contracts in Sweden If Geely's Bid Succeeds Volvo Cars, Sweden’s third-largest private employer, may lose contracts with some suppliers unless Zhejiang Geely Holding Group Co., the favored bidder, promises to protect their patents and not plagiarize products in China.
- Porn-Film Maker Turned Farmer Joins Japanese Movement to End Co-Op's Grip Ganari Takahashi’s first career, making pornographic movies, made him $10 million. He hopes his second, growing fruit and vegetables, will help upend a farming system that costs Japanese taxpayers $45 billion a year.
- 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.
- BP's Hayward Revives Explorer's Fortunes by Cutting Costs, Boosting Output More than two years after taking over at BP Plc, Chief Executive Officer Tony Hayward is turning around Europe’s second-biggest oil company and beating its own cost-savings target by $1 billion.
- 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.
- 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.
Bloomberg Daily News 29th October 2009
No comments:
Post a Comment