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Coal Beats Solar as Analysts Favor Peabody Amid Shrinking Green Subsidies Wall Street’s contribution to the
debate on how to curb global warming: Buy coal, sell solar.
Russia Wields Three-Pronged Policy Fix to Cap Ruble, Steer Uneven Recovery Russia, the biggest economy still
cutting interest rates, will probably deploy a three-pronged
strategy to steer an uneven recovery as the ruble soars,
inflation hovers at a 12-year low and bank liquidity swells.
`Pink Slip Party' Host Has $2.2 Million Payday as Tokyo Bankers Find Jobs Soichiro “Swimmy” Minami parlayed
a get-together for laid-off bankers into a $2.2 million paycheck
in less than a year.
Jerome York, Apple Director, Is Critical After Suffering Brain Hemorrhage Jerome York, a director of Apple
Inc. and former chief financial officer of International
Business Machines Corp. and Chrysler Corp., was hospitalized in
critical condition today in Pontiac, Michigan.
Eaton Vance's Cirami Wins Greek Bet Five Years After Buying Credit Swaps Michael Cirami, co-manager of the
$2.2 billion Eaton Vance Global Macro Absolute Return Fund,
waited five years for investors to realize that insurance on
Greek government bonds was too cheap.
For a Head Start on China's GDP Growth, Study Power Output: Chart of Day Investors looking for an early
indication on expansion in China, the world’s third-biggest
economy, can study the latest power production, which signals
“robust growth,” Standard Bank Plc said.
Panasonic Profit May Be Boosted More Than $885 Million by Sanyo Purchase Panasonic Corp., which acquired a
controlling stake in battery maker Sanyo Electric Co. in
December, may boost annual profit by more than 80 billion yen
($885 million) in three years by merging operations.
Rich China Communists Echo U.S. Tea Party Activists in Property-Tax Debate Zong Qinghou, China’s richest man,
says a property tax will hurt homeowners. Wang Jianlin, the 16th
wealthiest, agrees. Lu Guanqiu, No. 19, says China isn’t ready
for such a levy.
India May Create Fund to Buy Overseas Energy Assets Amid China Competition India, with $254 billion of
foreign-exchange reserves, may create a sovereign wealth fund to
help state companies compete for overseas energy assets with
China, a government official said.
Mercedes Bets `Old Man' Car Image Ends With Schumacher's Formula 1 Return Mercedes-Benz scored a publicity
coup by luring Michael Schumacher out of retirement to race for
its new Formula One team. It might backfire if he can’t keep up
with drivers a generation younger.
Disney World Bullet Train May Spur U.S. Sales of Japan, China Locomotives Walt Disney World in Florida may be
the next stop for bullet-train makers in Japan and China.
GDF, Siemens, Alstom Turn to Saudi Partners for $400 Billion in Contracts ACWA Power International, the
biggest Saudi power project developer, was rebuffed by GDF Suez
SA and Marubeni Corp. in 2004 when it proposed partnering to bid
for a $2.4-billion desalination and power plant.
Renault, Daimler Share-Swap Talks Said to Stumble on Valuation Differences Daimler AG and Renault SA have been
unable to resolve differences over valuations as the carmakers
explore a share swap that would bring Daimler into the Renault-
Nissan alliance, two people familiar with the matter said.
San Miguel Plans $1 Billion in Asset Sales to Finance Expansion, Ang Says San Miguel Corp., the Philippines’
biggest food and drinks maker, plans to raise $1 billion selling
stakes in its food, packaging and liquor businesses to fund
growth and acquisitions.
Dinallo Receives Attorney General Campaign Cash From Insurers He Regulated Eric Dinallo, the former insurance
superintendent running for New York attorney general, has
received more than 15 percent of his campaign donations from the
industry he regulated until July.
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.