- No Pimco New Normal on Wall Street as Economists Dismiss El-Erian Forecast “New normal” may not be the new norm after all.
- Henry Ford Raising Wages May Give China Tips on Creating Worker Prosperity “Little” Xie says he wants to own one of the autos he helps build at Ford Motor Co.’s assembly plant in the Yangtze River city of Chongqing. With his mortgage payment taking about 60 percent of his 2,000 yuan monthly pay, that won’t happen soon.
- Pinera Eschews Pinochet Terror While Embracing Chile Dictator's Economists On June 18, Chilean billionaire Sebastian Pinera became convinced he’d win the presidency of the South American country.
- Apollo Shares Suffering New York Snub Amid SEC Probe of For-Profit Phoenix Apollo Group Inc., whose for-profit University of Phoenix is among the largest colleges in the U.S. with campuses in 29 of the 30 most populous states, faces one long-standing obstacle to staking its claim as the future of higher education: New York.
- `Massively' Cheap Mexican Peso Spurs Aberdeen, Pimco to Forecast Increases Mexico’s peso is winning over the world’s largest foreign-exchange traders as the economic recovery in the neighboring U.S. boosts the value of one of the cheapest currencies in emerging markets.
- Boeing Has $10 Billion of Orders From Japan Airlines, More Than Disclosed Kraft Foods Inc.’s takeover of Cadbury Plc seals the legacy of Bruce Wasserstein, the veteran dealmaker who died a month after Kraft Chief Executive Officer Irene Rosenfeld made her first bid in September.
- NATO to Rebuff Russia Proposal for Separate Security Treaty, Officials Say NATO is likely to rebuff a Russian proposal for a bilateral security treaty, seeing it as a ploy to regain lost influence over eastern Europe, four allied officials said.
- Nestle Targets Malnutrition in Elderly to Fight Danone's Nutrition Gains Nestle SA will begin selling drinks to fight malnutrition among the elderly in an effort to revive its nutrition business, which has trailed sales and profit forecasts every year since they were set in 2006.
- Iceland Credit Risk Rises `Considerably' If Bailout Loan Shelved, S&P Says Iceland’s credit risk may rise “considerably” as the island faces the threat of a shelved emergency bailout and a government collapse, Standard & Poor’s said.
- Vale Grabbing Market Share From BHP, Rio Tinto as Chinese Ore Demand Rises Vale SA, the world’s biggest iron- ore miner, may win back market share from rivals BHP Billiton Ltd. and Rio Tinto Group because it can boost exports faster as demand for the steelmaking raw material surges to a record.
- Portugal Debates Knocking Down Soccer Stadiums to Reduce Public Expenses Portuguese cities are under pressure to demolish stadiums built for the 2004 European soccer championships as the government prepares to rein in a widening deficit.
- Aozora's Prince Says Fixing Shinsei Merger `Disagreements' Trumps Deadline Aozora Bank Ltd. Chief Executive Officer Brian Prince said “areas of disagreement” have arisen in merger talks with Shinsei Bank Ltd. and getting the right deal trumps an October deadline for completing the transaction.
Bloomberg Daily News 20th January 2010
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