- Turkey Buoying Greece Becomes National Bank Strategy With Surging Istanbul Greece’s biggest bank is relying on Turkey to pull it through an economic crisis at home.
- How Wing Chau Helped Neo Default in Merrill CDOs Under SEC View In early 2007, with subprime-mortgage defaults soaring, Wing F. Chau teamed with Merrill Lynch & Co. to create a $300 million pool of assets that shared a name with the main character in The Matrix movies who discovers reality isn’t what it seems.
- CBS's Showtime Said to Test Online Service for Cable Channel's Subscribers CBS Corp.’s Showtime is developing an online video service for subscribers, according to a person with knowledge of the plans, joining rival cable channels that are seeking to reach customers away from TV sets.
- Advertising Rebound Means Payouts Near as CBS, News Corp. Weigh Dividends News Corp., CBS Corp. and Viacom Inc. are weighing dividend increases or share buybacks as an advertising rebound spurs cash flow, after media companies cut back during the U.S. recession.
- BP's Deepwater Horizon Rig Disaster Threatens Future of Offshore Drilling BP Plc last September tapped into a new oilfield called Tiber, estimated to hold at least 3 billion barrels of crude, or six months’ worth of U.S. consumption.
- Film Studios Allowed by U.S. to Use Anti-Piracy Technology on TV Equipment The film industry can block outputs on home television equipment so studios can offer first-run movies while preventing viewers from making illicit copies, U.S. regulators said.
- Jim Rogers, Marc Faber Advise Paring Investments Amid U.S. Equities Slump Investors should consider paring their holdings after a plunge in U.S. stocks yesterday, according to Jim Rogers and Marc Faber.
- UBS Schools Private-Banking Rookies in Asia as Search for Talent Heats Up UBS AG, Switzerland’s biggest bank, is reviving an effort to recruit people without industry experience for its Asian private banking unit after a one-year hiatus, as competition for wealth managers heats up in the region.
- Alcatel Chief Verwaayen's Credibility Tested as Losses Total $12.4 Billion Ben Verwaayen took over as Alcatel- Lucent SA Chief Executive Officer in 2008 with a promise to turn the unprofitable telecommunications equipment maker around. Now, his credibility is being tested.
Bloomberg Daily News 10th May 2010
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