Google Stops Censoring China Search Results, Redirects Users to Hong Kong Google Inc., following through on a pledge to stop censoring search results in China, began serving mainland Chinese users via its unfiltered Hong Kong site, a move that could prompt the government to block the service.
Stocks in U.S. Halt Global Decline; Dollar Retreats, Commodities Recover U.S. stocks rose and the dollar erased gains, helping commodities reverse losses, as a rally in drug and technology shares overshadowed concern higher interest rates and swelling public debt will stifle the global recovery.
Dodd Financial-Rules Bill Passed by Senate Panel in 13-10 Party-Line Vote The Senate Banking Committee today approved Senator Christopher Dodd’s plan to overhaul financial regulations, advancing the Obama administration’s call for the biggest restructuring of Wall Street oversight since the 1930s.
Geithner Says U.S. Needs to End `Ambiguity’ of Freddie, Fannie Structure U.S. Treasury Secretary Timothy F. Geithner said the government should end the “ambiguity” surrounding Fannie Mae and Freddie Mac so the government’s role in housing markets is explicit and well regulated.
Elliott, Paulson Are Said to Weigh Investment in General Growth Properties Elliott Associates LP and Paulson & Co. are discussing a plan to team with Brookfield Asset Management Inc. to bring mall owner General Growth Properties Inc. out of bankruptcy, two people familiar with the talks said.
Berkshire to Acquire Alcohol Distributor Kahn to Boost Sales in U.S. South Warren Buffett’s Berkshire Hathaway Inc. agreed to buy alcoholic-beverage distributor Kahn Ventures Inc. to add sales in Georgia and North Carolina and help the company prepare for further acquisitions in the industry.
Chrysler Pins Revival on Repairing Industry’s Worst Ties With Partsmakers Chrysler Group LLC, whose ties with suppliers were rated the worst in the industry, is wooing partsmakers to get better technology and help end a 58 percent plunge in U.S. sales since 2004.
Aflac CFO Cloninger Says `We’ve Always Beat’ AIG Unit Acquired by MetLife Aflac Inc. Chief Financial Officer Kriss Cloninger said the insurer, which gets most of its revenue from Japan, has a history of outperforming the non-U.S. unit MetLife Inc. is buying from American International Group Inc.
Medicines Co. Won’t `Roll Over and Die’ in Fight for Anticoagulant Patent Medicines Co. Chief Executive Officer Clive Meanwell said his company will pursue all options to extend its exclusive rights to the anticoagulant drug Angiomax that accounts for 95 percent of the company’s revenue.
Computer Sciences, Lubrizol Swaps Jump on LBO Speculation: Credit Markets Credit-default swaps tied to the debt of buyout candidates from Computer Sciences Corp. to Lubrizol Corp. are rising as private-equity firms Blackstone Group LP and KKR & Co. predict the pace of deals will accelerate.