- California's Bonds Fail on Wall Street Advice Bill Lockyer Couldn't Refuse For California Treasurer Bill Lockyer, the offer from Goldman Sachs Group Inc., JPMorgan Chase & Co. and Citigroup Inc. was too good to refuse.
- Tudor Jones Turns Away Investors as Hedge-Fund Industry Outflows Persist In a year when investors pulled an estimated $118 billion from hedge funds through November, Paul Tudor Jones was one of at least six managers who decided it was time to turn away cash.
- ECB Said to Start Consulting Banks, Investors on Collateral Transparency European Central Bank officials are moving closer to forcing banks to provide more information about the collateral they give the ECB in return for loans.
- Temasek's Hopu Said to Buy at Least $400 Million in China Pacific Stock Hopu Investment Management Co., the China-focused fund backed by Singapore’s Temasek Holdings Pte, bought at least $400 million of stock in China Pacific Insurance (Group) Co., said three people familiar with the matter.
- Thailand Finds No Taepodong-2 Missile Parts in Seized North Korean Plane Thai authorities have found no sign of components for Taepodong-2 long-range missiles in a plane carrying weapons from North Korea seized in Bangkok five days ago, government spokesman Panitan Wattanayagorn said.
- Pope Reaches Out to Youth With Religious Cyber Talk on YouTube, Podcasts Pope Benedict XVI, who at 82 still handwrites his speeches rather than use a computer, is tapping YouTube, MySpace and podcasts to lure disenchanted youth into the Church’s fold.
- Gold Buying by Central Banks Sends Sell Signal as Past Haunts Future Price Some of the biggest buyers of gold may be sending the strongest signal to sell it, if past performance is indicative of future results.
- Israeli Billionaire Leviev's Global Ambition Mired in U.S. Property Market Israeli billionaire Lev Leviev told a roomful of reporters in August at the beachside Tel Aviv Crowne Plaza hotel he owns that his Africa-Israel Investments Ltd. would seek to restructure about $2 billion of debt.
- Bank of America Board Factions Said to Prompt Kelly Exit as CEO Contender Bank of America Corp.’s board was so split over whom to hire as chief executive officer that the top external candidate, Robert Kelly, withdrew instead of trying to unite the factions, people familiar with his thinking said.
- Tiger Woods-Designed Dubai Golf Course Will Be Completed, Developer Says Tiger Woods Dubai, part of Dubai Properties Group, said it is committed to completing its Al Ruwaya golf course and continues to make progress on the first course created by Woods’s design firm.
Bloomberg Daily News 17th December 2009
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