- Iranian Student With $750 Transformed Into Billionaire Made by Islamic Art Nasser David Khalili stands in an exhibition hall in St. Petersburg’s Winter Palace, gazing at an 18th-century painted enamel of flowers that’s one of 25,000 works of art he owns. “I’d have paid anything for it,” he says, appraising this miniature by Frenchman Philippe Parpette. “There’s no way I’d have let anybody else buy it.”
- New York Airports Top List of Worst Delays With 41 of 50 Tardiest Flights After meetings in New York, Chris Nagy often went home on Continental Airlines Inc.’s 7:30 p.m. flight to Omaha, Nebraska. It was so reliably late he could eat a leisurely dinner before going to New Jersey’s Newark airport.
- Vivendi's Levy Looks to Emerging Markets for Next Lady Gaga, Guitar Hero Vivendi SA and its competitors must extend the reach of content such as video games and music into emerging markets to remain global media leaders, Chief Executive Officer Jean-Bernard Levy said.
- IPad Weekend Sales Are Anyone's Guess as Analysts Shy Away From Estimates When it comes to predicting how many iPads Apple Inc. will sell this weekend, Piper Jaffray & Co. analyst Gene Munster has little company among Wall Street analysts in making a guess.
- Why Two-Meter Billionaire Prokhorov Says He's Only NBA Owner Who Can Dunk Mikhail Prokhorov steps off his Gulfstream V into the swirling snow and subzero temperatures of Krasnoyarsk, Siberia, where he’s come to visit his gold mine. Though it’s almost midnight, Prokhorov has no interest in retiring to his hotel room. Instead, he’s whisked away in a police-escorted Mercedes to the local gym, where he puts in two hours running on a treadmill and lifting weights, Bloomberg Markets reports in its May issue.
- U.S.-Bound Boxes Pile Up at Asian Ports as Ship Lines Avoid Adding Vessels South Korea’s biggest port, overwhelmed with empty containers a year ago, is now dealing with shipping lines that have more cargo than they can carry.
- Cash Remedy Preventing Lehman-Like Run Lacking From Congressional Reforms In 2,615 pages of financial reform legislation introduced in the U.S. Congress, there are no rules to ensure that banks keep enough cash-like assets when credit disappears.
- American Shoppers Emerging With Best Buy's Sales Signaling Retail Revival Companies from Saks Inc. to Best Buy Co. are growing more confident that the recent revival of consumer spending is more than just a blip.
- Halliburton Hunts for Bacteria Killer to Stave Off Crackdown on Shale Gas Halliburton Co. and Schlumberger Ltd., trying to forestall a regulatory crackdown that would cut natural-gas drilling, are developing ways to eliminate the need for chemicals that may taint water supplies near wells.
- AIG Increases Concentration of Storm Risk With Sale of Life Insurer Units American International Group Inc., the insurer that stayed profitable through the Sept. 11 attacks and Hurricane Katrina, may be more exposed to disasters after divesting life insurance units to repay its government bailout.
- JPMorgan, Lehman, UBS Named as Conspirators in U.S. Muni Bid-Rigging Case JPMorgan Chase & Co., Lehman Brothers Holdings Inc. and UBS AG were among more than a dozen Wall Street firms involved in a conspiracy to pay below-market interest rates to U.S. state and local governments on investments, according to documents filed in a U.S. Justice Department criminal antitrust case.
- New York Helicopter Commute for $200 a Day Signals Revival on Wall Street Liberty Helicopters Inc. is offering to fly weary commuters from New Jersey to Manhattan for about $200 a day, saving them 14 hours in traffic a week and signaling that Wall Street may have seen the worst of the recession.
Bloomberg Daily News Tuesday 30th March
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