Daily Wrap Up - Dec 11
Business Split on Climate Change; More Financial Fraud; Autoworkers Get New Chief
Business struggles to sway U.N. climate talks
Industry has struggled to sway U.N. climate talks in Copenhagen because of a remote negotiating process and a lobby split between climate policy winners and losers, executives said on Friday. Read Full Article here.
NY fund manager admits multimillion dollar fraud
A jailed New York hedge fund manager whose fraud was revealed in the wake of the Madoff scandal, admitted in court on Friday to fabricating client account statements and overstating asset values by hundreds of millions of dollars. Read Full Article here.
UAW's King to be named union's next leader: sources
The leadership of the United Auto Workers is set to meet next week to name Bob King as the preferred candidate to succeed retiring President Ron Gettlelfinger, two people with knowledge of the plan said. Read Full Article here.
House approves financial regulation overhaul
The U.S. House of Representatives approved the biggest changes in financial regulation since the Great Depression on Friday, marking a win for the Obama administration and congressional Democrats. Read Full Article here.
EADS says not fooling about tanker boycott threat
Airbus parent EADS is sticking to plans to boycott a potential $50 billion competition to build a U.S. Air Force refueling fleet absent major changes in the way the winner would be picked. Read Full Article here.
Craigslist founder says kept eBay doubts to himself
Craigslist founder Craig Newmark told a Delaware court on Friday he did not voice his objections to shareholder eBay Inc when the online giant launched a rival classifieds business. Read Full Article here.
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