- Bankers Concoct Liverpudlian Stew Disguising CDO Scraps as Tasty Morsels Since its inception, the derivatives market has echoed the fairground hawkers’ call to “scream if you want to go faster.” Among the new derivatives, collateralized-debt obligations (CDOs) were particularly hot.
- `Blind Pools' Lose Appeal as Ziman, Callahan Plan Real Estate IPO Comeback Richard Ziman and Timothy Callahan want to raise money in the equity market after selling their real estate companies for a combined $12 billion before the property crash. Investors may balk at bankrolling their return.
- Greece Says Call for Help Would Send `Worst Signal' as Bond Yields Surge Greek Finance Minister George Papaconstantinou said he can’t call for outside aid as his government struggles to cut the European Union’s largest budget deficit.
- Anglo, Vale Help Push Bond Sales to Record, Signaling Mining Acquisitions Record bond sales by global mining companies such as Anglo American Plc and Vale SA have bolstered raw material producers’ war chests for acquisitions, expansions and buybacks as they prepare for sustained global recovery.
- Sugar Shortage May Turn Acute in Third Quarter on Demand From U.S., Mexico A global sugar shortage, which drove prices to the highest level in three decades, may peak in the third quarter this year on demand from the U.S., Mexico, India and Pakistan, according to U.K.-based Tropix Capital Management.
- French Holders of Czar Bonds to Sue Russia, Seek Kremlin's Paris Property A group representing French holders of czarist bonds says it will sue Russia in a bid to seize Paris property bought by the Kremlin and reclaim part of a century-old debt valued at as much as 100 billion euros ($137 billion).
- Calculating Death Risk Makes Swedish Insurance Actuary a Gold-Medal Curler Olympic curler Anette Norberg says weighing the risk of death and disease for Folksam Group gives her an advantage that may result in her second gold medal at the Winter Games this month.
- `Genghis Khan,' Barings CEO Seek Success in Britain Where Goodwin Failed Peter Norris and Vernon Hill, forced out of the banks they once ran amid scandals, are taking on the U.K.’s biggest lenders to rebuild their reputations in Britain’s new banking gold rush.
- No Job Growth for Small Business Inspires Doubts Over Sustainable Recovery Small businesses are becoming the Achilles heel of the U.S. recovery by limiting growth and job creation.
- Overhaul Failure Will Spur Mergers as U.S. Health Industry Pursues Savings Insurers, drugmakers and hospitals will likely slash costs and merge companies to maneuver through a U.S. health-care landscape marked by rising medical expenses and the loss of millions of potential paying customers.
- 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.
Bloomberg Daily News 09th February 2010
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