Daily Wrap Up - Dec 13

Fed at Its Limits; Closing the Climate Deal Gap; D-Day for Dubai

 @ibtimes on December 13 2009 10:29 PM

Fed can do no more to cut unemployment: Greenspan

The Federal Reserve has done all it can do to reduce unemployment and needs to worry more about the risk of inflation from the stimulus it poured into the economy, former Fed Chairman Alan Greenspan said on Sunday. Read Full Article here.

Environment ministers try to unlock climate deal

Environment ministers tried to overcome rifts between rich and developing nations in Copenhagen on Sunday just days before a deadline for reaching a global pact on tackling climate change. Read Full Article here.

D-Day nears for Dubai's $3.5 billion debt hurdle

Heavy rain pounded Dubai on Sunday adding to the gloom of the emirate's debt woes a day before the deadline of the $3.52 billion bond by state-owned developer Nakheel, with no word on how it will be handled. Read Full Article here.

Environment ministers try to unlock climate deal

Environment ministers tried to overcome rifts between rich and developing nations in Copenhagen on Sunday just days before a deadline for reaching a global pact on tackling climate change. Read Full Article here.

Accenture ends relationship with Tiger Woods

Technology outsourcing and consulting firm Accenture Plc on Sunday said it was ending its six-year sponsorship arrangement with golfer Tiger Woods, who is embroiled in a scandal involving extra-marital affairs with numerous women. Read Full Article here.

MySQL founder in Web campaign against Oracle-Sun

Michael Widenius, creator of MySQL database, which could become the stumbling block for Oracle in its Sun takeover, has launched an Internet campaign trying to line up MySQL users to stop the deal. Read Full Article here.

AOL in talks with Russian investment firm on ICQ

AOL is in talks to sell its ICQ instant-messaging service to Russian investment firm Digital Sky Technologies, The Wall Street Journal reported on Sunday, citing people familiar with the matter. Read Full Article here.

Cadbury, Hershey hold talks on friendly bid: report

Cadbury and U.S. rival Hershey have held talks over a possible friendly bid by the American firm, the Sunday Telegraph reported, citing market sources. Read Full Article here.

Morgan Stanley hires ex-Merrill COO Fleming

Morgan Stanley said on Sunday it hired former Merrill Lynch President and Chief Operating Officer Gregory Fleming to run its investment management group, the latest in a string of executive level changes. Read Full Article here.

Spyker still in Saab talks, BAIC signs asset deal

Sports-car maker Spyker is still in talks to buy Saab, the Dutch company's top executive said on Sunday after a report China's BAIC had agreed with General Motors to buy some of the Swedish company's assets. Read Full Article here.

Join the Discussion