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Obama Proving Pessimists Wrong as Rebounding Economy Converges With Stocks The political consensus may be that
President Barack Obama’s handling of the economy has been weak.
The judgment of money in all its forms has been overwhelmingly
positive, and that may be the more lasting appraisal.
Buyout Firms Struggle to Spend $503 Billion of Investor Cash as Deals Wane Buyout funds sitting on half a
trillion dollars committed by investors may need more than a
decade to put the money to work if mergers and acquisitions
continue at the current pace.
J&J Pushed Drug's Sale to Elderly After U.S. Warned of False Safety Claims Johnson & Johnson made plans to
reach $302 million in geriatric sales for its antipsychotic
Risperdal just months after federal regulators said the company
falsely claimed the drug was safe and effective with the
elderly, according to internal documents.
AIG's `Money in the Door' Asset Sales Garner $3.2 Billion for Bondholders American International Group Inc.
bondholders reaped at least $3.2 billion after the bailed-out
company announced deals to sell its two largest non-U.S. life
insurance divisions for $51 billion.
Pink Floyd, Queen May Leave EMI as Guy Hands's Buyout Mission `Implodes' Pink Floyd and Queen, bands that
have been with EMI Music for about four decades, may head for
the door, according to two people familiar with their talks, as
concern mounts about the U.K. record label’s finances.
Smartphones Eclipse PCs by 2012 as IPhone, Android Take Off: Chart of Day Demand for Apple Inc.’s iPhone and
Google Inc.’s Nexus One will help propel smartphone sales past
those of personal computers in two years, Gartner Inc.
forecasts.
Mazda Mining Phelps's Chinese Gold as Automakers Press for Brand Loyalty After 8.6 million Chinese bought
their first cars last year, General Motors Co., Volkswagen AG
and Ford Motor Co. are positioning themselves to compete for
return customers.
Canon Says China to Be Top Camera Market in 2015, Will Double Stores There Canon Inc. expects China’s camera
market to become the world’s largest as early as 2015,
overtaking the U.S., its head of the business said.
Greece Must Follow Lithuania Adjustment, Avoiding Bailout, Sarkinas Says Lithuania’s central bank governor
said Greece should avoid seeking international aid to solve its
fiscal crisis and follow the example of the Baltic nation, which
suffered the European Union’s second-deepest recession last year
without a bailout.
Dollar Bond Sales Surge 35% in Asia as Evergrande, KDB Tap New Investors The lowest relative borrowing costs
in more than two years and demand from international investors
is driving Asian companies to sell record amounts of dollar-
denominated bonds.
Exxon Lowers Investment Bar, Buys Projects Previously Deemed Too Piddling Exxon Mobil Corp., BP Plc and Total
SA are investing in assets that previously weren’t worth their
time or money after oil-rich nations reduced access to reserves
and exploration drilling faltered.
`Cinderella' Wine Valley Razed by Chile Quake Signals Bankrupt Vineyards Chile’s strongest earthquake in 50
years may bankrupt smaller winemakers after vines collapsed,
casks broke apart and millions of liters were spilled, a former
Goldman Sachs Group Inc. banker-turned-winemaker said.
City of London Developers to Start Skyscrapers as Rents End Two-Year Drop Brookfield Asset Management Inc.,
owner of a stake in the U.K.’s tallest building, is about to
start constructing an even higher tower in the City of London.
Cadillac Plays Down GM Ties to Avoid Bankruptcy Stigma, Craft Own Identity Cadillac, the luxury brand General
Motors Co. acquired in 1909, is distancing itself from the
Detroit-based automaker to avoid the stigma of the parent
company’s $50 billion U.S.-backed bankruptcy last year.
Pound's Slide to Help U.K. Outpace Euro Economies, Goldman's Nielsen Says The pound’s drop last week to a 10-
month low may help the U.K. economy grow faster than the region
sharing the euro, which is hobbled by budget deficits and aging
populations, according to Goldman Sachs Group Inc.
Gates $44 million Ethanol Loss Before Rebound Means More Profit for Valero Ethanol, the commodity that cost
Bill Gates more than $44 million the last time prices collapsed,
is poised to rally as much as 20 percent as the fastest drop
since 2008 spurs demand.
New Normal Becomes Old Normal With Exports Spurring Growth in New U.S. Mix The “new mix” is out to topple the
“new normal” as the paradigm for America’s economic future.
Toyota Stigma Prompts Hatoyama to Turn Technology Salesman to Revive Japan French President Charles de Gaulle
once labeled a Japanese premier a “transistor salesman.” Now
Prime Minister Yukio Hatoyama is hawking bullet trains and
nuclear plants after Toyota Motor Corp.’s recalls hurt the
country’s image as a top manufacturer.
`On the Edge' Banks Facing Writedowns After FDIC Auctions of Seized Loans A Federal Deposit Insurance Corp.
plan to auction more than $1 billion in assets seized from
failed banks next month, including a loan to build a W Hotel in
Atlanta, may trigger writedowns that weaken lenders nationwide.