Roach Says `Take Out the Baseball Bat' on Krugman Over His Stance on Yuan Morgan Stanley Asia Chairman Stephen Roach said that Paul Krugman’s call to push China to allow a stronger yuan is “very bad” advice and that increased Chinese spending is a better way of reducing trade imbalances.

FedEx's Smith Says `Disingenuous' UPS Now Opposes Labor Law It Once Backed FedEx Corp. chief Fred Smith said United Parcel Service Inc. is being “disingenuous” in trying to remove FedEx workers from a strike-limiting labor law that the companies considered backing jointly almost a decade ago.

Nomura Investment Banker Katayama Said to Quit as Ex-Lehman Staff Depart Nomura Holdings Inc.’s Shunji Katayama resigned, taking the number of departures of senior staff to at least 10 this month, said two people with direct knowledge of the situation.