Bloomberg
Former IMF head Dominique Strauss-Kahn (C) and his wife Anne Sinclair arrive for a hearing at New York State Supreme Court July 1, 2011 in New York. Strauss-Kahn is awaiting trial on sex-assault charges. Prosecutors have agreed to free former IMF chief Dominique Strauss-Kahn from house arrest and return his bail money after admitting major problems with his accuser's credibility, a report said Friday. If the judge agrees, Strauss-Kahn would be freed 'on his own recognizance,' meaning he could travel freely in the United States and have his $1 million bail and $5 million bond returned, Bloomberg TV reported, citing two sources familiar with the case.
Connections
Quotes
Former Commissioner Matthew Sapolin helped our City to break down barriers that keep people with disabilities from fully participating in all that our great city has to offer and increase accessibility for all New Yorkers ... Victor Calise has the skills and experience to continue and expand on that progress and assure that the rights and needs of people with disabilities are included in the development and delivery of City services and programs.
It doesn’t look to us like they’re going to bail us out
Canadian banks invoke their strong capital levels, the country’s conservative lending culture and strict regulatory oversight under a single supervisor as reasons for their showingMore quotes »
Newsday's coverage
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Jaguar owner Tata sees profit surges
Tata Motors said in a statement Tuesday. That compares with the 38.2 billion-rupee median of 40 analysts' estimates compiled by Bloomberg.Sales at Jaguar Land Rover surged to a record in March as demand in China and Russia helped offset a slowdown in Europe. 5/29/12 Read more »
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Baum: Rising Gas Price Theater back onstage
Baum, author of "Just What I Said," writes for Bloomberg View. There's nothing like rising crude-oil prices to make sensible people go all wobbly in the head. Economists confuse a supply shock with a shift in demand and see the outcomes as interchangeable. Read more »
Around the web
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Technicolor powers up the patent trolling machine
technologies. Apparently, the company isn’t making money coloring movies anymore, so it’s out to harness its patents for payday. Bloomberg reports the company is anticipating the launch of the new iPhone as much as Apple fans. Technicolor isn’t excited because 7:32 AM from Slashgear Read more »
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Euro And Markets SPIKE After EU Says It Might Consider Bank Recapitalizations
to Bloomberg, the European Union is now open to direct recapitalizations of European banks through the European Stability Mechanism—the permanent, €500 billion European bailout fund set to go into effect this summer. This openness to direct bank recapitalizations 7:29 AM from The Business Insider Read more »
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European Banking Shares Drop as Spanish Lender Concern Gains
fell to a five-month low on concern that Spanish lenders’ deteriorating finances will spread turmoil elsewhere in the region. The Bloomberg Europe Banks and Financial Services Index fell 2.3 percent to 65.85 at 12:25 p.m. local time. A close at that price 7:18 AM from Bloomberg.com Read more »
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PM tells miners they don't own minerals
tells mining firms they don't own the minerals. Picture: Bloomberg Source: Bloomberg PRIME Minister Julia Gillard has warned the mining industry Australians want and deserve a share of the nation's resources boom and reminded its leaders they don't "own" the 7:05 AM from The Courier Mail Read more »
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Zuckerberg's fortune dips after Facebook shares drop
28-year old Zuckerberg is now $800 million behind Luis Carlos Sarmiento, who ranks 40th with a fortune of $15.5 billion on the Bloomberg Billionaires Index, a daily ranking of the world's wealthiest people. Facebook began trading publicly on 18 May following 6:42 AM from Firstpost Read more »
