- Communists in Crotonville Help GE Lobby Chinese Officials in Different Way Every summer since 2000, General Electric Co. has worked with the world’s largest communist party to pick about 25 Chinese executives for the company’s leadership program in Crotonville on New York’s Hudson River.
- Priests' Protests Over Dams Curtail Hydropower for Tata Motors, Bajaj Auto Avimukteshwaranand Saraswati stands on the banks of the Ganges, India’s holiest river, urging his fellow Hindu priests to oppose hydropower dams the nation needs to curb blackouts and drive economic growth.
- Hands's Terra Firma Sees 58% Return for Investors Willing to Support EMI Guy Hands’s Terra Firma Capital Partners Ltd. is telling investors they could earn a rate of return of as much as 58 percent if they provide cash needed to keep lenders from seizing control of EMI Group Ltd.
- Fairholme's Berkowitz Gets Late Start With $3 Billion Wager on Financials Bruce Berkowitz waited until financial-services stocks had more than doubled from their March 2009 lows before buying stakes now valued at more than $3 billion. The manager of the $16.5 billion Fairholme Fund said his bet wasn’t placed too late.
- Brown Taps Thatcher's Legacy of `Poll Tax,' Asset Sales to Counter Cameron British Prime Minister Gordon Brown wants voters to think about one politician in the election in two days, and it’s not him.
- Google's YouTube Boosts Display Advertisers 10-Fold Google Inc. has boosted the number of advertisers using display ads on its YouTube video site 10-fold in the past year, a sign the company is making headway to lift sales in businesses other than search.
- Birthday Call to United Chief Led to Air Merger in Three Weeks The phone call that would result in a merger creating the world’s largest airline came on UAL Corp. Chief Executive Officer Glenn Tilton’s 62nd birthday.
- Petrobras CEO Sees No Problem in Demand as IPOs Flop Jose Sergio Gabrielli, chief executive officer of state-controlled oil producer Petroleo Brasileiro SA, said he expects to tap global demand for a $25 billion share sale and that the offering will be open to new shareholders.
Bloomberg Daily News 4th May 2010
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