Legal Pit Bull: Kathy D. Patrick is a Houston lawyer who spends her Sundays teaching children about God. The rest of the week, according to one attorney who knows her, she can be “as frightening as a pit bull on steroids.” Patrick represents bond investors including the Federal Reserve Bank of New York and BlackRock Inc. who are seeking to force Bank of America to buy back bad home loans, Bloomberg reports.
Deal Blockers: Several popular online travel companies are joining forces to oppose Google Inc.'s proposed $700 million purchase of ITA Software Inc., the leading provider of flight data, saying the deal would give it too much sway over the travel sector, according to The Wall Street Journal.
AIG Loss Hidden: The United States Treasury concealed $40 billion in likely taxpayer losses on the bailout of the American International Group earlier this month, when it abandoned its usual method for valuing investments, according to a report by the special inspector general for the Troubled Asset Relief Program, The New York Times reports.
Chinese Pirates: Counterfeit commerce over the Internet has soared in the past couple of years, turning what had been an irritant to businesses into a serious competitive threat, according to a special report by Reuters.
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