- Bank of America to Repay $45 Billion Bailout, Easing Effort to Replace CEO Bank of America Corp., the nation’s biggest lender, will repay $45 billion of U.S. government bailout funds, helping free the bank from curbs on executive pay that have hampered its search for a new leader.
- Asian Stocks Rise, Led by Japanese Exporters as Yen Declines for Third Day Shares of Japanese exporters soared, driving Asian stocks toward the biggest four-day rally since May, after the yen slid for the third day against the dollar and euro, and consumer spending lifted regional economies in the U.S.
- Trichet May Unveil ECB's Exit Plan While Keeping Key Rate at 1% Record Low The European Central Bank may today announce plans to scale back its emergency lending while keeping interest rates at a record low to foster an economic recovery.
- American, TPG Offer $1.1 Billion Japan Air Investment, Double Delta Offer American Airlines and TPG offered to invest as much as $1.1 billion in Japan Airlines Corp., double the size of a bid led by Delta Air Lines Inc.
- Yen Surge Exacerbated by Confusing Remarks From Government, Tanigaki Says The yen’s surge to a 14-year high was exacerbated by confusing comments from Japanese Prime Minister Yukio Hatoyama’s government as to whether it would take action to halt the advance, opposition leader Sadakazu Tanigaki said.
- Ireland's Biggest Fund Manager Defends Returns With Lockheed, BAE Stocks Irish Life Investment Managers, Ireland’s biggest fund company, is defending its top-ranked returns by investing in makers of military equipment.
- Gates Says Afghan Pullout to Be Gradual as Republicans Criticize Timeline U.S. forces will leave Afghanistan gradually based on security in local areas, Defense Secretary Robert Gates told lawmakers as he sought to deflect Republican criticism of a target July 2011 troop-drawdown date.
- Democrats Threaten to Bypass Republican Changes to Speed Health-Care Bill Senate Democrats threatened to bypass Republican amendments to hasten debate over U.S. health-care legislation as delays jeopardized the goal of passage this year.
- Israel Army Unit Wages Online Battle to Improve Image After Gaza Criticism Israel’s army is recruiting soldiers for a new unit that is waging a virtual public relations battle on Facebook, YouTube and Twitter to improve the military’s image.
Bloomberg Daily News 3rd December 2009
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