- Lithium Reserves for 4.8 Billion Electric Cars Let Bolivia Disrupt Markets The wind whips across a 3,900-square- mile expanse of salt on a desert plateau in Bolivia’s Andes Mountains. Plastic washtubs filled with an emerald-colored liquid rich in lithium dot the Uyuni Salt Flat, all the way to the volcanoes on the horizon.
- Reilly at Opel Gets Chance to Showcase Skill as Dark Horse for GM Top Job Nick Reilly took over at Adam Opel GmbH in Germany five days after 10,000 people demonstrated against General Motors Co.’s ownership of the unit. It wasn’t the first time GM had asked him to win over protesters.
- No Escape From TARP for U.S. Banks Choking on Commercial Real Estate Loans As the U.S. economy pulls out of a recession and the biggest banks return to profitability, mounting defaults on commercial property may keep regional lenders from repaying bailout funds until at least 2011.
- Yen's Biggest Decline in Decade No Anomaly as Options Trades Fade on Bulls Options traders are growing less bullish on the yen after efforts by Japanese officials to boost the world’s second-biggest economy and a U.S. jobs report led to the currency’s biggest weekly decline in a decade.
- China Gas LPG Sales May Rise Sixfold by 2012 as Network of Cities Expands China Gas Holdings Ltd., the Hong Kong-listed supplier of the fuel to homes and businesses on the mainland, expects liquefied petroleum gas sales to surge sixfold as the company expands its distribution network to 300 cities.
- Hollywood Bid to Expand Oscars May Help `Precious' Instead of `Star Trek' Hollywood’s expansion of the Academy Awards best-picture nominations to 10 has opened the door wider for independents, creating even more competition for big-budget films that have been squeezed out in recent years.
- Economists Who Foresaw November's Better Labor Market Now Expect Job Gains Some of the economists who anticipated the U.S. job market would see marked improvement in November now project job gains are around the corner, and possibly in the rearview mirror.
- Geithner Slams Wall Street Bonuses, Says All Big Banks Could Have Failed Treasury Secretary Timothy Geithner disputed claims by Goldman Sachs Group Inc. executives that the bank could have survived the financial crisis without government help and said it and other Wall Street firms should show some restraint in handing out bonuses this year.
- Hershey, Nestle Said to Have Been in Contact About Possible Cadbury Offer Hershey Co., exploring its options for a possible bid for Cadbury Plc, has been in contact with Nestle SA, said two people familiar with the talks.
Bloomberg Daily News 7th December 2009
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