- Renault May Wait on Volvo Sale, Eliminate $6.8 Billion in Debt Renault SA may keep its Volvo AB stake until a rebounding heavy-truck market boosts the price 25 percent, allowing the carmaker to raise about 50 billion kronor ($6.8 billion) and wipe out most of its debt.
- Citigroup's Return to Saudi Arabia May Need More Than Help From Alwaleed Citigroup Inc. is aiming to open for business in Saudi Arabia six years after selling its stake in a bank there. Returning might not be as easy as departing.
- Four Seasons, Starwood, Marriott Take Aim at Europe After Dominating U.S. Europe is the new battleground for the world’s largest hotel companies as they look for sources of growth outside the U.S. market they already dominate.
- Wind Projects May Stall on U.K. Grid-Connection Rules, E.ON, Centrica Say A U.K. plan to install more than 8,000 offshore wind turbines by 2020 may be delayed by a government plan to contract out work to connect the wind farms to the grid, according to Centrica Plc and E.ON AG.
- Siemens, GE Lured to Hydro Hub by Singapore's Push to End Water Dependency Singaporeans splash their way through 2 meters (6.5 feet) of rain each year on average, three times as much as Londoners. Yet the island nation’s economy depends on water imports from its rival, Malaysia.
- Stadiums Beat Stocks After Public Colleges Bet Football Is Recession-Proof The University of Texas is profiting from a decision to renovate its football stadium four years ago instead of investing in securities.
- Self-Evaluations Seen as New Source of Concern After Goldman Sachs Hearing Wall Street employers, long concerned that their staff’s e-mails may be used against them, now have another thing to worry about: the self-evaluations employees fill out.
Bloomberg Daily News 30th April 2010
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