- Goldman Sachs Squeezes Hedge Funds in $110 Billion `Collateral Arbitrage' Goldman Sachs Group Inc. and JPMorgan Chase & Co., two of the biggest traders of over-the- counter derivatives, are exploiting their growing clout in that market to secure cheap funding in addition to billions in revenue from the business.
- Regulators Blamed Human Error as Ford Led Non-Toyota Acceleration Deaths U.S. regulators have tracked more deaths in vehicles made by Ford Motor Co., Chrysler Group LLC and other companies combined than by Toyota Motor Corp. during three decades of unintended acceleration reviews that often blamed human error.
- Google Advertisers in China Told to Switch on Speculation Site Will Shut Google Inc. advertisers in China are being advised to switch to rivals such as Baidu Inc. and business partners are exploring alternatives as speculation grows the U.S. company will shut its Web site in the country.
- `Invisible Power' of London Money Exposed as Lord Mayor Fights Politicians When money needs to talk in London, it’s the lord mayor who speaks.
- Monsanto May Have Antitrust Edge as Protecting Patents Trumps Competition Monsanto Co., facing antitrust probes into its genetically modified seeds, may benefit from previous court rulings in which intellectual property rights trumped competition concerns, antitrust lawyers say.
- BHP, Anglo, Xstrata Bypass Europe on 10,000-Mile Coal Route to China Ports BHP Billiton Plc, Anglo American Plc and Xstrata Plc are shipping coal 10,000 miles to China from their Cerrejon mine in Colombia for the first time this year because of surging demand and rising prices in Asia.
- Toyota Sets Goal of Regaining U.S. Market Share Lost to Recalls Within '10 Toyota Motor Corp. set a 2010 goal of regaining most of the U.S. market share lost in the past two months after global recalls of 8 million vehicles damped demand, the No. 2 U.S. sales executive said.
- Retail Buyouts Return in `Goldilocks' Market After Credit Freeze Thawed Private-equity firms looking to buy retail and consumer companies said they’re now able to finance deals and pay reasonable prices after the credit crisis and global recession triggered a buyout slump.
- Finnair, Norwegian Air Discussing Pact to Squeeze Unprofitable Rival SAS Finnair Oyj is seeking an agreement with Norwegian Air Shuttle ASA that would funnel more passengers onto the Helsinki-based carrier’s long-haul flights, helping win market share from unprofitable rival SAS Group AB.
- Fat Surgery Urged for Obese Kids May Boost Allergan Sales, Trim Liability David Ludwig, director of the obesity program at Children’s Hospital Boston, was against weight-loss surgery for kids, he says, because it ignored the real problem, a “toxic environment” jammed with junk food.
- Petrofac Targets Iraq's Oil Boom After CEO Asfari Quadruples Share Value Ayman Asfari, the chief executive officer whose oil and gas engineering skills guided a fourfold increase in the value of Petrofac Plc within five years, is now preparing to tap Iraq’s energy boom.
Bloomberg Daily News 15th March 2010
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