- Banks Thwarting Feinberg Pay Reductions by Changing Their Bonus Formulas Global leaders and regulators trying to rein in banker pay are proposing everything from clamping down on guaranteed bonuses to recouping compensation from prior years if losses mount. Largely unaddressed is the topic that stirs the most public ire: How much money is too much?
- McDonald's Shaves Seconds Off Big Mac Orders to Hold On to Market Share At a McDonald’s Corp. test kitchen in an unmarked Illinois warehouse, next year’s menu plan for the U.K. has hit a snag. When the visiting British team adds wrap sandwiches, service slows.
- Latvia Spares Currency, Devalues Economy to Save Path to Euro Membership Electronics and clothing stores at the Galerijas Centrs in Riga’s old town fly banners offering discounts of as much as 50 percent.
- Shanghai Farmers Lose Fields as Disney Kingdom Creates `Crazy' Home Prices Walt Disney Co.’s newest castle may rise from the Shanghai fields where retired farmer Jin Xinmei and her husband grow Chinese cabbage, potatoes and strawberries to supplement their $103 monthly pension.
- Ropes & Gray's Cutillo, Patent Lawyer, Accused of Fueling Insider Trading When Bain Capital LLC said it would buy 3Com Corp. for 44 percent more than the stock price, one unexpected beneficiary was Arthur Cutillo, an associate at the Ropes & Gray LLP law firm advising the private-equity company, according to the FBI.
- Energy-Trading Group Proposes Disclosures to Improve EU Electricity Market The European Federation of Energy Traders, the lobby group with members including Goldman Sachs Group Inc. and E.ON AG, proposed rules for power-plant data to make buying and selling wholesale electricity more fair.
- Tyranny of Distance Curbs Australian Hedge Fund Revival in Post-Madoff Era After a decade running Sydney-based hedge fund Commodity Strategies Ltd., founder Rob Holroyd is planning a move to New York or Switzerland in search of cash.
- Buffett's Burlington Buy Includes CEO Who Engineered Top Railroad in U.S. Warren Buffett didn’t just buy a railroad when he announced his purchase of Burlington Northern Santa Fe Corp. He hired the engineer, too.
- Sarkozy's `Grand Loan' Pits EADS Against Peugeot, Safran in Fight for Cash President Nicolas Sarkozy’s plan to spend between 25 billion euros ($37.3 billion) and 50 billion euros to reverse France’s declining industrial index.
Bloomberg Daily News 6th November 2009
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