- Sony Sags, GE Sees Opening in Pakistan Energy Crisis In the glare of energy-saving light bulbs, Pakistani men jammed sidewalks in one of the country’s biggest electronics markets last week, ogling televisions and home theater systems.
- Netanyahu Calls Flotilla Raid Criticism Hypocrisy Amid Probe Calls Prime Minister Benjamin Netanyahu said criticism of Israel’s raid against a Gaza Strip aid shipment that left nine dead was “hypocrisy,” as international calls for a probe into the incident mounted.
- Nike Mocks Butt-Toning Shoes That Drive Market-Share Loss Nike Inc.’s Eric Sprunk, vice president of global product and merchandising, ended a speech to investors on innovation with a jab at the “toning shoes” driving sales increases for competitors.
- Newsweek Gets Formal Bids From OpenGate, Ritchie, Newsmax Media Newsweek, the weekly magazine being shopped by Washington Post Co., drew formal interest yesterday from OpenGate Capital LLC, Ritchie Capital Management LLC Chief Executive Officer Thane Ritchie and Newsmax Media Inc.
- Exxon $600 Million Algae Investment Makes Khosla See Pipe Dream Inside an industrial warehouse in South San Francisco, California, Harrison Dillon, chief technology officer of startup Solazyme Inc., examines a beaker filled with a brown paste made of sugar cane waste. While the smell brings to mind molasses, this goo, called bagasse, won’t find its way into people-pleasing confections.
- Foxconn Workers Say `Meaningless' Life Spurs Suicides Ah Wei has an explanation for Foxconn Technology Group Chairman Terry Gou as to why some of his workers are committing suicide at the company’s factory near the southern Chinese city of Shenzhen.
- British Airways Strike Arbiter Bemoans `False Dawns' British Airways Plc’s negotiations with cabin crew over pay and staffing levels have led to “so many false dawns” that one of the arbiters in the dispute will no longer speculate about the outcome.
- Swiss Cantons Ratchet Up Tax Breaks as Europe Fights Deficits Schaffhausen, the northernmost part of Switzerland, used tax breaks to lure Tyco Electronics Ltd. from Bermuda to a new base on the River Rhine as Swiss cantons offer a tonic to European austerity.
- Las Vegas Sands Says Singapore Site to Top Estimates Las Vegas Sands Corp., the casino company controlled by billionaire Sheldon Adelson, says its Singapore resort is set to exceed analysts’ cash-flow projections this year as gamblers flock to the new complex.
- Harrah's, Hard Rock Compete as East Europeans Put up $8 Billion for Casino On the verdant pastureland where razor wire used to divide Europe, local developers are placing an $8 billion bet at the roulette wheel.
Bloomberg Daily News
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