- Deutsche Bank Is Drowning in Las Vegas With Wall Street's Costliest Casino Deutsche Bank AG’s Cosmopolitan Resort & Casino complex in Las Vegas, already the most expensive debacle in the city for a single lender, is now two years behind schedule, $2 billion over budget and under water -- literally.
- Bernanke Lunches With Wall Street as Jobless Prosperity Buoys Stock Market Federal Reserve Chairman Ben S. Bernanke has succeeded in returning the U.S. economy to growth after the longest contraction in more than six decades. So far Wall Street, not Main Street, has been the primary beneficiary.
- Vivendi's Levy Trumps Telefonica for `Underdog's Revenge' in GVT Takeover Vivendi SA Chief Executive Officer Jean-Bernard Levy, who snatched Brazil’s GVT (Holding) SA away from Telefonica SA late last week, got what he earlier this year said he enjoys: “the revenge of the underdog.”
- London's `New Era' of Air Pollution From Diesel Threatens Olympics in 2012 London, which has some of Europe’s worst air pollution, may have to ban cars and reschedule events during the 2012 Olympics to ensure optimum conditions for athletes, a leading air-quality scientist said.
- Unilever's R&D Chief Berger Seeks Swiffer Repeat for P&G Veteran Polman Unilever is set to unveil “big innovations” as soon as next year as Chief Executive Officer Paul Polman seeks to replicate the success Procter & Gamble Co. had with products like the Swiffer.
- Yuan Bets Boost Dollar Lending, Cut Deposits in China: Chart of the Day Demand for dollar loans in China is climbing and deposits of the greenback are sliding, reflecting increasing speculation that the yuan will resume appreciation against the U.S. currency, Bank of China Ltd. said.
- U.S. Demand May Take Until 2010 to `Regenerate,' Li & Fung Chairman Says U.S. consumer demand may take until the middle of 2010 to “regenerate,” and it’s unlikely China can fill the gap as the global economy recovers, said Victor Fung, chairman of Wal-Mart Stores Inc. supplier Li & Fung Ltd.
- Marvell Technology Investigates Employee Named in Galleon Hedge Fund Probe Marvell Technology Group Ltd. is conducting an internal investigation after employee Sam Miri was named as a recipient of payoffs for inside information by a hedge fund manager who pleaded guilty in the investigation of Galleon Group, company spokeswoman Diane Vanasse said.
- China's Yuan `Straitjacket' Risks Inflating Asset Bubbles as Growth Surges China is facing the biggest challenge to its currency policy since the start of the global recession as economists warn the peg to the dollar risks causing an asset bubble.
- Obama in China Can't Avoid Immovable Renminbi as Weak Dollar Sinks Asians President Barack Obama may find on his Asian visit that began today that discontent about China’s currency peg to the dollar isn’t confined to Washington’s lawmakers and business lobbyists.
Bloomberg Daily News 17th November 2009
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