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Goldman Sachs Squeezes Hedge Funds in $110 Billion `Collateral Arbitrage' Goldman Sachs Group Inc. and
JPMorgan Chase & Co., two of the biggest traders of over-the-
counter derivatives, are exploiting their growing clout in that
market to secure cheap funding in addition to billions in
revenue from the business.
Muni Middleman's Financing in the Dark Leaves Homeless Outside Looking In David Rubin, accused of rigging
hundreds of investment contracts for local governments across
the U.S., is at the center of investigations by city and federal
authorities into a Los Angeles housing development.
Google Advertisers in China Told to Switch on Speculation Site Will Shut Google Inc. advertisers in China
are being advised to switch to rivals such as Baidu Inc., and
business partners are exploring alternatives as speculation
grows the U.S. company will shut its Web site in the country.
Regulators Blamed Human Error as Ford Led Non-Toyota Acceleration Deaths U.S. regulators have tracked more
deaths in vehicles made by Ford Motor Co., Chrysler Group LLC
and other companies combined than by Toyota Motor Corp. during
three decades of unintended acceleration reviews that often
blamed human error.
Money Rates Rising Foreshadow Treasury Losses as Bernanke Prepares an Exit Money market interest rates at
five-month highs show the Federal Reserve is laying the
groundwork to siphon a record $1 trillion in excess cash from
the banking system and sending a bearish signal on Treasuries.
Stock-Fund Managers Don't Look So Bad After Rally: Chart of the Day Managers of U.S. equity mutual
funds have less of an excuse these days for failing to beat
benchmark indexes, judging by a Standard & Poor’s study.
OPEC Expands Oil Rigs Most in Three Years as Quota Promises Prove Illusory OPEC is increasing oil drilling at
the fastest rate in 2 1/2 years, even as production exceeds its
quotas by the equivalent of a supertanker of crude a day and
delegates prepare to pledge no increase in output.
Cnooc May Step Up Overseas Acquisitions After $3.1 Billion Bridas Purchase Cnooc Ltd.’s failure to buy Unocal
Corp. for $18.5 billion in 2005 taught Chairman Fu Chengyu a
lesson: use overseas ventures rather than takeovers to gain the
global oil resources China needs.
`Invisible Power' of London Money Exposed as Lord Mayor Fights Politicians When money needs to talk in London,
it’s the lord mayor who speaks.
Monsanto May Have Antitrust Edge as Protecting Patents Trumps Competition Monsanto Co., facing antitrust
probes into its genetically modified seeds, may benefit from
previous court rulings in which intellectual property rights
trumped competition concerns, antitrust lawyers say.
BHP, Anglo, Xstrata Bypass Europe on 10,000-Mile Coal Route to China Ports BHP Billiton Plc, Anglo American
Plc and Xstrata Plc are shipping coal 10,000 miles to China from
their Cerrejon mine in Colombia for the first time this year
because of surging demand and rising prices in Asia.
Toyota Sets Goal of Regaining U.S. Market Share Lost to Recalls Within '10 Toyota Motor Corp. set a 2010 goal
of regaining most of the U.S. market share lost in the past two
months after global recalls of 8 million vehicles damped demand,
the No. 2 U.S. sales executive said.
Retail Buyouts Return in `Goldilocks' Market After Credit Freeze Thawed Private-equity firms looking to buy
retail and consumer companies said they’re now able to finance
deals and pay reasonable prices after the credit crisis and
global recession triggered a buyout slump.
Finnair, Norwegian Air Discussing Pact to Squeeze Unprofitable Rival SAS Finnair Oyj is seeking an agreement
with Norwegian Air Shuttle ASA that would funnel more passengers
onto the Helsinki-based carrier’s long-haul flights, helping win
market share from unprofitable rival SAS Group AB.
Fat Surgery Urged for Obese Kids May Boost Allergan Sales, Trim Liability David Ludwig, director of the
obesity program at Children’s Hospital Boston, was against
weight-loss surgery for kids, he says, because it ignored the
real problem, a “toxic environment” jammed with junk food.
Petrofac Targets Iraq's Oil Boom After CEO Asfari Quadruples Share Value Ayman Asfari, the chief executive
officer whose oil and gas engineering skills guided a fourfold
increase in the value of Petrofac Plc within five years, is now
preparing to tap Iraq’s energy boom.
Chavez Outdone by Billionaire Mendoza as Wealth Soars Amid Takeover Threat Venezuelan President Hugo Chavez’s
“21st Century Socialism” is failing to rein in billionaire
Lorenzo Mendoza.
Brown Tries to `Perversely' Benefit From U.K. Relapse Risk Before Election Gordon Brown is trying to turn the
threat of a double-dip U.K. recession into an advantage.
Solar Prospectors Chase `Gold Mine' Deals in Chinese, Israeli Subsidies Olivier de Vergnies quit managing
family fortunes at Dexia Private Bank (Switzerland) Ltd. in 2008
to run a New York start-up at 100 Wall St. that’s trying to tap
riches in solar energy.
Chrysler in Hibernation Means Marchionne May Have to Wait on Fiat Spinoff Fiat SpA, the Italian carmaker that
helped Chrysler Group LLC emerge from bankruptcy, may wait to
turn around the U.S. business before deciding on a share sale
or spinoff for its automotive division.