- Soros Signals Gold Bubble as Momentary Buyer While Goldman Predicts Record George Soros is helping drive up gold prices by doubling his bet in a market even he considers a “bubble” as Goldman Sachs Group Inc., Barclays Capital and HSBC Holdings Plc predict more gains before it bursts.
- Fortress Said to Be Near Restructuring of Resort Operator Intrawest's Debt Fortress Investment Group LLC has agreed with lenders on the outline of a debt restructuring for Intrawest ULC, owner of Olympic downhill skiing resort Whistler Blackcomb, said a person with knowledge of the talks.
- Microsoft to Make Web-Based Programs a Billion-Dollar Business, Elop Says Microsoft Corp.’s business-software unit expects to get at least $1 billion from Web versions of its Office and e-mail programs in the next three to five years, said Stephen Elop, head of the division.
- Google May Spend `Hundreds of Millions' on Its Broadband Internet Project Google Inc. said it may spend as much as “hundreds of millions” of dollars on an experimental broadband service that offers Internet speeds 100 times faster than current networks.
- Google's Angels Tweet and Dine on Tofu Wraps as They Bankroll 200 Startups During the holidays last year, Aydin Senkut and Elad Gil gathered 50 of their friends at a health- food restaurant in Palo Alto, California. Over turkey burgers and tofu wraps, they talked about technology trends and how to get rich. Or, more precisely, how to get richer.
- Germany Considering Buying Greek Bonds Through State's KfW, Lawmakers Say Germany is considering buying Greek bonds through state-owned lender KfW Group, German lawmakers said today.
- Gap Contacted by Antitrust Regulator on Simon Property's Prime Outlet Deal Gap Inc. was contacted by the Federal Trade Commission about Simon Property Group Inc.’s proposed acquisition of Prime Outlets Acquisition Co.
- SAC's Cohen Trades Secrecy for Golf With Investors Enticed by 30% Returns In late January, billionaire Steven A. Cohen hosted a golf outing for two dozen people at the Bear Lakes Country Club in West Palm Beach, Florida.
- Toyota Recalls Traced Back to Cost Cuts, Growth That `Hijacked' Quality Katsuaki Watanabe, Toyota Motor Corp.’s former president, did something at his first meeting with U.S. investors out of character for a leader of Japan’s biggest automaker: He boasted of what he’d accomplished.
- Congo's Hydro-Electric Failure Threatens Biggest Power Project in Africa A plan to build the world’s biggest power complex in the Democratic Republic of Congo may never happen because the government is too indecisive, the head of a venture that had planned to invest $5.2 billion said.
- Star Fund Manager Goes From Gold to Manure as He Remakes His Life in U.K. Graham Birch was the best natural- resource stock picker in Britain for a decade. Now most of the stock he owns has four legs and a tail.
Bloomberg Daily News 1st March 2010
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