- Suicides Inside France Telecom Prompt Sarkozy to Demand Testing for Stress Francis Le Bras discovered he’d become a corporate nobody when his name disappeared from the organizational chart on the wall of his Paris office. In 2008, Le Bras’s employer, France Telecom SA, cut his job as a writer of software applications for Minitel, a pre-Internet information service for telephone users. While Le Bras, 56, stayed on the payroll, he had no job title, and he says he was shunned by his colleagues.
- Mitsubishi Heavy Targets First European Reactor Sale in Challenge to Areva Mitsubishi Heavy Industries Ltd., which has developed the world’s biggest atomic reactor, expects to win its first nuclear power plant order in Europe next year, challenging Areva SA in its own backyard.
- Platinum Overtaking Gold as Metal of Choice With Rebounding Sales of Cars Even after a record 57 percent rally last year, platinum is cheap relative to gold, signaling more gains as demand grows from carmakers and exchange-traded funds.
- Bank of Japan Said to Be Open to Expanding Emergency Loans, Bond Purchases Bank of Japan policy makers are prepared to consider expanding an emergency-loan program for banks and increasing purchases of government debt should the recovery falter, people with knowledge of the matter said.
- UBS Decision by Swiss Court on Tax Fraud May Prompt Negative U.S. Response A Swiss court ruling that impedes the Internal Revenue Service’s ability to collect data on 4,450 UBS AG accounts may prompt the U.S. to revive a lawsuit that shaped the IRS crackdown on offshore tax evasion.
- India Hit by Record Low `Buys' as Subbarao Poised to Raise Interest Rates Investment strategists are cutting recommendations on India at a record pace after the country’s stocks surpassed China as the most expensive major emerging market for the first time since 2006.
- 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.
- Apple Said to Talk With McGraw-Hill, Hachette on Textbooks Plan for Tablet Apple Inc. has held talks with Hearst Corp., McGraw-Hill Cos. and Hachette Book Group about putting their publications on its tablet computer, according to people familiar with the discussions.
- Princeton Surge Beats Harvard, Yale as Applications Soar During Recession Harvard University and Princeton University received a record number of freshman applications as the recession drove more students to boost future job prospects by seeking admission to the top-ranked educational institutions in the U.S.
- 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.
Bloomberg Daily News 25th January 2010
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