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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.
Geely May Need to Invest at Least $1.4 Billion in Volvo to Revive Carmaker Zhejiang Geely Holding Group Co.
may have to spend at least 10 billion kronor ($1.4 billion) to
revive Volvo Cars after buying the Swedish brand from Ford Motor
Co., Volvo union officials and board members said.
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.
Nomura's Wang, Feldkamp Leave as Former Lehman Managers Depart Brokerage Nomura Holdings Inc.’s vice
chairman of China investment banking and head of equity capital
markets for Asia outside Japan left the Tokyo-based company,
according to people with knowledge of the departures.
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.
Red-Coral Rescue Plans Endanger Italian Jewelry Makers of Torre del Greco The people of Torre del Greco, 10
miles south of Naples, have lived off the red corals found in
the Mediterranean Sea for more than two millennia. A proposal to
list the species as endangered may push the seaside town’s $217
million-a-year coral industry into extinction.
Toronto to Sell 30-Year Bonds for the First Time Since '80s: Canada Credit Toronto, Canada’s largest city,
plans to sell 30-year bonds for the first time since the 1980s
to take advantage of federal government matching funds for
infrastructure projects.
Vivo Ready to Slash Brazil's High-Speed Internet Prices, Chief Lima Says Vivo Participacoes SA, Brazil’s
largest mobile-phone company, is ready to offer high-speed
Internet services for less than half the current industry
average if the government agrees to cut taxes, Chief Executive
Officer Roberto Lima said.
Pulp Price May Rise to Record as Chile Quake, Finnish Strike Curb Output Chile’s earthquake and a Finnish
port strike may propel pulp prices to a record, hastening a
tightening of inventories after papermakers cut output.
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.
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.
Monsanto 7-State Probe Threatens Profit From 93% Hold on U.S. Soybean Crop At least seven U.S. state attorneys
general are investigating whether Monsanto Co., the world’s
largest seed producer, has abused its market power to lock out
competitors and raise prices.
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.