Word: bloomberg
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...shrinking economy, plunging interest rates, a wobbly banking sector and creaking government finances have driven traders to dump the pound. "I would urge you to sell any sterling you might have," Jim Rogers, once a business partner of George Soros and now chairman of a Singapore investment company, told Bloomberg on Jan. 20 just before the pound hit a 23-year low. "I hate to say it, but I would not put any money in the U.K." (See pictures of the financial crisis in London...
Earlier in the day, Bloomberg News reported that the SEC had begun a routine investigation into Apple's disclosure's about Jobs's health. Citing unnamed sources, Bloomberg has also claimed that Jobs "is considering a liver transplant as a result of complications after treatment of cancer." Apple has declined to comment...
...According to Bloomberg, "U.S. regulators are examining Apple Inc.'s disclosures about Chief Executive Officer Steve Jobs's health problems to ensure investors weren't misled...
...happen. If you met him in the last few years of his tenure as CEO of Time Warner, you'd know the reason: he doesn't want to work that hard. Those New York business leaders who are trying to convince him to follow in the footsteps of Michael Bloomberg need to find another horse to ride." -Joe Nocera of the New York Times, July 11, 2008, on the odds of Parsons becoming mayor of New York City...
...front end of the process, the U.K. has essentially begun that nationalization of some banks. It will end up with a 70% share in RBS. The stunning part of the program is, according to Bloomberg, that the government will require aid recipients to sign "specific and quantified" agreements to lend, reflecting Brown's frustration at the failure of an October rescue to unlock credit markets. (See pictures of London's gathering storm...