- Obama Bank Restrictions May Fail to Shield U.S. Financial System From Risk President Barack Obama’s proposal to impose limits on commercial banks may win him support on Main Street and shake up Wall Street without doing much to make the financial system safer overall.
- Obama Bank Plan Impact Hinges on How Regulators Define Proprietary Trades President Obama’s plan to curb risk- taking by banks hinges on how rigidly regulators define proprietary trading at firms such as Goldman Sachs Group Inc. and JPMorgan Chase & Co.
- Billionaire Nilekani Makes Biometric Bet to Spread Growth to India's Poor Corrupt officials in the Indian state of Bihar steal a third of laborer Balram Singh’s $2.20 daily wage, withdrawing money from his post office account without providing proof of identity.
- Homebuilders Turn to Private Equity for Financing as Bank Lending Dries Up More than 40 U.S. homebuilders have teamed up with private equity firms to acquire and complete unfinished subdivisions as banks cut construction lending.
- Buffett Rewards Flowers, Berkowitz Pricing Symetra Financial at a Premium Billionaire Warren Buffett is helping two of the world’s most successful investors increase their profits by forgoing instant earnings for himself in the first initial public offering of a U.S. life insurer since 2004.
- Hershey Said to Abandon Plan for Cadbury Bid After Kraft's Offer Accepted Hershey Co. abandoned a plan to bid for Cadbury Plc after the U.K. confectioner accepted Kraft Foods Inc.’s 11.9 billion-pound ($19.3 billion) offer, according to people familiar with the matter.
- NBC Said to Tell Comcast of Jay Leno Rating Troubles Before Reaching Deal NBC told Comcast Corp. in November that Jay Leno’s ratings had hurt local stations, one of the factors that weighed on the value of the entertainment company, according to people with knowledge of the situation.
- Pinera's 101% Axxion Rally `Smells Bad' After Chile Election, Sparks Probe The four-day rally that sent shares of Chilean holding company Axxion SA up more than 100 percent since billionaire owner Sebastian Pinera’s presidential election has sparked a regulator’s probe and reignited criticism of his refusal to sell his investment before the vote.
- `Tommy Supreme' Is Real-Life Poker-Playing Lawyer in High Court TV Drama Tom Goldstein has argued before the U.S. Supreme Court on behalf of shoppers who overpaid for vitamins, fellow lawyers facing court sanctions and disabled passengers unhappy with their treatment on cruises.
Bloomberg Daily News 22nd January 2010
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