- Hedge Funds Hold $77 Billion of Cash `Hostage' After Best Year in a Decade Hedge funds’ best year in a decade is giving little comfort to Jason D. Papastavrou.
- Rosenfeld's Cadbury Purchase May Top Nabisco in Kraft's Dealmaking Legacy Irene Rosenfeld’s almost five-month fight to acquire Cadbury Plc may be a more important victory for Kraft Foods Inc. than the merger with Nabisco Holdings Corp. that helped form the U.S. foodmaker.
- Apple Said to Talk With Microsoft About Replacing Google Search on IPhone Apple Inc. is in talks with Microsoft Corp. to replace Google Inc. as the default search engine on the iPhone, according to two people familiar with the matter.
- Billionaire Wildcatter Moncrief Taps Latest Gusher Beneath Old Gulf Fields William “Tex” Moncrief, the billionaire wildcatter and scion of one of the founding families of the Texas oil industry, is betting the key to finding new gushers is to go deeper than anyone has gone before.
- FARC Terrorists' Cocaine Sales to Mexico Cartels Prove Too Rich to Subdue Mexican drug cartels are getting cocaine from Colombia’s biggest guerrilla group in a deal that increases the security threat to both nations, according to a document captured by Colombian military intelligence and to a government official in that country.
- Ivy Leaguers' Class for Poor Becomes `Platinum' U.S. Charter School Brand In 1993, Mike Feinberg and Dave Levin were recent Ivy League graduates teaching fifth graders in Houston’s inner city. The students were as much as two academic years behind their middle-class peers.
- Cisco Looks at 100 Companies for Every One It Buys, Executive Carmel Says Cisco Systems Inc. plans to keep up the pace of acquisitions in 2010 and looks at 100 companies for every purchase it decides to make, said Charles Carmel, vice president of corporate development.
- Airlines May Face Higher Security Fee as U.S. Responds to Terror Attempt Added safety measures after last month’s failed attempt to blow up a jetliner may make it harder for U.S. airlines to thwart a security-fee increase the Obama administration has been seeking.
- Brazil IPO Filings May Surge to 10 This Quarter, Shearman & Sterling Says Brazil companies may file as many as 10 requests for initial public offerings this quarter, according to Shearman & Sterling LLP, a New York-based law firm involved in about half the IPOs in Latin America’s biggest stock market.
Bloomberg Daily News 21st January 2010
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