- Erdogan Thwarting Judges Amid Army Probes Fails to Upset Turkey's Markets Prime Minister Recep Tayyip Erdogan, whose government is already backing an investigation of senior Turkish military officers, this month will seek curbs on a judiciary that has teamed with the army to oppose his Islamist-rooted party.
- Giorgio Armani Said to Postpone Hotel in Dubai Tower by More Than a Month Giorgio Armani’s first hotel, due to open in Dubai’s Burj Khalifa today, will be delayed by more than a month, said two people with knowledge of the plan.
- Malone's Liberty, Elliott Said to Drop Out of Metro-Goldwyn-Mayer Bidding John Malone’s Liberty Media Corp. and hedge fund Elliott Management Corp. have decided not to bid for the Metro-Goldwyn-Mayer Inc. movie studio, according to people with knowledge of the bidding.
- Coal Beats Solar as Analysts Favor Peabody Amid Shrinking Green Subsidies Wall Street’s contribution to the debate on how to curb global warming: Buy coal, sell solar.
- Russia Wields Three-Pronged Policy Fix to Cap Ruble, Steer Uneven Recovery Russia, the biggest economy still cutting interest rates, will probably deploy a three-pronged strategy to steer an uneven recovery as the ruble soars, inflation hovers at a 12-year low and bank liquidity swells.
- `Pink Slip Party' Host Has $2.2 Million Payday as Tokyo Bankers Find Jobs Soichiro “Swimmy” Minami parlayed a get-together for laid-off bankers into a $2.2 million paycheck in less than a year.
- Jerome York, Apple Director, Is Critical After Suffering Brain Hemorrhage Jerome York, a director of Apple Inc. and former chief financial officer of International Business Machines Corp. and Chrysler Corp., was hospitalized in critical condition today in Pontiac, Michigan.
- Eaton Vance's Cirami Wins Greek Bet Five Years After Buying Credit Swaps Michael Cirami, co-manager of the $2.2 billion Eaton Vance Global Macro Absolute Return Fund, waited five years for investors to realize that insurance on Greek government bonds was too cheap.
- For a Head Start on China's GDP Growth, Study Power Output: Chart of Day Investors looking for an early indication on expansion in China, the world’s third-biggest economy, can study the latest power production, which signals “robust growth,” Standard Bank Plc said.
- Panasonic Profit May Be Boosted More Than $885 Million by Sanyo Purchase Panasonic Corp., which acquired a controlling stake in battery maker Sanyo Electric Co. in December, may boost annual profit by more than 80 billion yen ($885 million) in three years by merging operations.
Bloomberg Daily News 18th March 2010
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