- Fortress's $5 Billion Private-Equity Loss Haunts Edens as Black Has Gain Fortress Investment Group LLC has $5 billion in unrealized losses from private-equity funds started since 2005, the beginning of a two-year buyout boom, more than its largest New York rivals combined.
- Google Wi-Fi Data Collection Discussed by Law Enforcement in 30 States Google Inc.’s collection of data via Wi-Fi networks was the subject of a conference call among law enforcement officials from 30 U.S. states, according to Connecticut Attorney General Richard Blumenthal.
- Cosan Trades Like Investment Grade After `Game Changer' Accord With Shell Cosan SA Industria & Comercio’s bonds are trading like investment-grade assets on speculation the world’s largest sugar-cane processor will complete a $12 billion joint venture with Royal Dutch Shell Plc.
- Cipla Chairman Hamied Targets $19 Billion-a-Year Roche, Amgen Treatments Cipla Ltd., the Indian drugmaker that built a $1 billion business making generic HIV treatments, aims to sell copies of Roche Holding AG’s and Amgen Inc.’s best- selling biotechnology medicines with a partner in China.
- India Microfinance Evokes Risk of Subprime in the East as SKS Prepares IPO Savita Ramesh Rathore stood at the door to her dimly lit workshop in Mumbai’s Dharavi slum, filled floor-to-ceiling with bundles of old clothes, and tallied up the cost of her son’s wedding last year.
- UBS May Sidestep Swiss `Game of Chicken' as Lawmakers Vote on U.S. Treaty UBS AG may escape a “game of chicken” played by Swiss lawmakers as the price of failure to back a tax treaty with the U.S. would be too high: the bank’s American operations and the country’s export industry.
- New York Fed's Enhanced Power May Come at Expense of Reduced Independence The Federal Reserve Bank of New York, which carried out central-bank rescues of money markets and Wall Street firms, is poised to have its powers expanded even more -- at the risk of reduced independence.
- Portugal Telecom's Bava Makes Drive for `Last Sweetener' From Telefonica Portugal Telecom SGPS SA Chief Executive Officer Zeinal Bava is stepping up the fight to force his counterpart at Telefonica SA, Cesar Alierta, to put more money on the table for control of their Brazilian venture.
- McLaren Says Supercar Demand Buoyed by Europe as Austerity Sentiment Fades McLaren Group said Europe will provide at least half the buyers for its 200-mile-per-hour, Ferrari-rivaling MP4-12C supercar as demand for luxury autos rebounds from last year’s recession.
- Nokia's Delay on `Shiny Things' Leaves It Last in Line for Apps Developers As Nokia Oyj prepares to introduce its latest flagship smartphone, developer Jan Ole Suhr says he knows why the brains behind addictive applications are shunning the Finnish company.
Bloomberg Daily News 16th June 2010
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