- Akio Toyoda Hears Emulating Bill Ford a Necessity to Salvage Toyota Legacy As Akio Toyoda struggles to salvage the decades-old bond with customers that made Toyota Motor Corp. the world’s largest automaker, he can borrow the playbook from a rival who learned how to obtain victory from defeat: Bill Ford.
- Cocoa Peaking Means Kraft Gets Cadbury as Chocolatier Profit Margins Widen The longest cocoa rally in three decades is ending as growers boost output, widening profit margins for chocolate makers who’ve already shrunk the size of candy bars and substituted cheaper ingredients to save money.
- Mexico Central Bank's Sanchez `Ready to Be Surprised' by Economic Recovery Mexico’s economy may expand more than expected in 2010 as the nation recovers from last year’s global slump, central bank Deputy Governor Manuel Sanchez Gonzalez said in an interview yesterday.
- Poland May Fulfill EU Budget Deficit-Cutting Demand in 2012, Official Says Poland may fulfill European Union demands to cut its budget deficit below the 3 percent of gross domestic product cap required for euro adoption in 2012 as economic growth accelerates, a senior government official said.
- America's Cup Sinks as Bertarelli Battle With Ellison Chases Off Santander Billionaires Larry Ellison and Ernesto Bertarelli have turned an America’s Cup boom into bust.
- Skype Rival Fring of Israel Lures Mobile-Phone Users to Free Video Calls Israeli startup Fring, backed by founders of instant messenger ICQ, is bringing free video calls to mobile phones and offering wireless services similar to those of Skype Technologies SA.
- Acer Plans to Expand Server Sales This Year in Competition With H-P, Dell Acer Inc., the world’s second-largest personal-computer vendor, plans to boost sales of more- profitable servers this year as it takes on Hewlett-Packard Co. and Dell Inc. in offering computers to companies.
- Hershey Meltdown Looms With Reese Shadowing West in Failed Cadbury Merger Hershey Co. Chief Executive Officer David J. West didn’t expect his Pennsylvania overseer to be in Mayfair’s Stafford Hotel when he showed up for talks with Cadbury Plc last October.
- G-7 Discussion Paper Says Nations Must Allow Greater Currency Flexibility Major economies with inflexible currencies must consider strengthening them if the global economy is to be weaned off its dependence on U.S. spending and Asian savings, according to a report prepared for a meeting of finance chiefs from the Group of Seven.
- Lipitor Patent Expiration May Bring Earnings `Windfall' to CVS, Walgreen Profit at CVS Caremark Corp. and Walgreen Co., the largest U.S. pharmacy chains, may rise at least 20 percent starting next year as branded drugs with more than $100 billion in sales become available as generics.
- Airport Body Scans Increase Radiation Exposure Risk, Safety Committee Says Air passengers should be made aware of the health risks of airport body screenings and governments must explain any decision to expose the public to higher levels of cancer-causing radiation, an inter-agency report said.
- Aviva, Zurich Financial May Face a `Spiral' of New Asbestos Claims in U.K. Ernie Terry needed a moment to regain his breath after climbing the stairs at his house in Bisley, south of London.
- Taiwan Pushes China Steel, Biggest Polluters to Enter Global Carbon Market Taiwan is forcing some of its largest companies such as China Steel Corp.’s Dragon Steel unit to cut emissions or begin buying carbon credits on global markets.
- `Piigs' Don't Fly in Barclays Notes as Portugal, Greece Grapple With Debt At Barclays Capital, Piigs won’t fly.
- Playboy Surfers Are Targets for VW Polos in $4 Billion Web Video Ads Push Christian Baudis has profiled the perfect target for Volkswagen Polo online video advertisements in Germany: a man aged 25 to 39 who watches soccer matches, checks out the Playboy site and reads Der Spiegel magazine.
Bloomberg Daily News 8th February 2010
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