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Jan 18, 2012

BLOOMBERG News, Jan 18, 2012

Goldman Sachs Profit Drops 58%, Beats Analyst Estimates on Cost Reductions
Bloomberg
Enlarge image Goldman Sachs Group Inc CEO Lloyd C. Blankfein Goldman Sachs Group Inc CEO Lloyd C. Blankfein Chris Kleponis/Bloomberg Chief Executive Officer Lloyd C. Blankfein, 57, is cutting costs and focusing on international growth to help offset a ...
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BofA Shrinking Assets Leaves $2.8 Billion Hole in Profit Target
Bloomberg
“There's no question that Bank of America is worth a lot more broken up than it is today,” said Brown, a former Wall Street banking analyst and now a Bloomberg contributing editor. Meanwhile, JPMorgan Chase & Co. (JPM) CEO Jamie Dimon, 55,...
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Bloomberg
US Stocks Advance After Housing Report
Bloomberg
1 and yesterday exceeded the average projection, according to data compiled by Bloomberg. Citigroup Inc. (C) and JPMorgan Chase & Co. are among those that trailed estimates. So-called positive surprises have surpassed 50 percent at a comparable point ...
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Bloomberg
U.S. Stock Futures Rise as Goldman Sachs Earnings Top Estimates
San Francisco Chronicle
1 and yesterday exceeded the average projection, according to data compiled by Bloomberg. Citigroup Inc. and JPMorgan Chase & Co. are among those that trailed estimates. So-called positive surprises have surpassed 50 percent at a comparable point in ...
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European Stock-Index Futures Erase Earlier Decline; Asian Shares Advance
Bloomberg
Enlarge image The World Bank Headquarters The World Bank Headquarters Mannie Garcia/Bloomberg European stocks fell from a five-month high as the World Bank cut its global growth forecast, overshadowing reports that Greece is nearing a debt deal with ...
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Bloomberg
India's Richest Delay Power Plans in Setback to Prosperity for All: Energy
Bloomberg
Enlarge image India's Rich Halt Power Plans in Setback to Prosperity India's Rich Halt Power Plans in Setback to Prosperity Dhiraj Singh/Bloomberg A laborer unloads coal at a wholesale market in India. Soaring coal prices across Asia have led India's ...
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Bloomberg
Fed Officials Open to Additional Easing as They Monitor Risks to Economy
Bloomberg
Enlarge image Dennis Lockhart Dennis Lockhart Andrew Harrer/Bloomberg Dennis Lockhart, president of the Federal Reserve Bank of Atlanta. Federal Reserve officials are staying open to further monetary easing this year as they monitor risks that threaten ...
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Bloomberg
European Stocks Fall From Five-Month High on World Bank Outlook
San Francisco Chronicle
18 (Bloomberg) -- European stocks fell from a five- month high as the World Bank cut its global growth forecast, overshadowing reports that Greece is nearing a debt deal with private creditors. Asian shares advanced while US index futures were little ...
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Toyota Prius Wagon Outsells GM Volt
Bloomberg
Enlarge image Toyota Prius Wagon Sales in 10 Weeks Top GM Volt Total Toyota Prius Wagon Sales in 10 Weeks Top GM Volt Total Jonathan Alcorn/Bloomberg An attendee views a Toyota Motor Corp. Prius V hybrid vehicle during preview day at the Alternative ...
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Bloomberg
Citigroup Joins JPMorgan in Reporting Lowest Revenue Since 2008's Crisis
Bloomberg
Play Video Play Video Play Video Play Video Enlarge image Citigroup Joins JPMorgan in Reporting Lowest Revenue Citigroup Joins JPMorgan in Reporting Lowest Revenue Robert Caplin/Bloomberg.com Chase Bank in New York City. Enlarge image Citigroup Profit ...
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Bloomberg
Canadian Stocks Rise as IMF Seeks More Funds, Natural Gas Gains
BusinessWeek
... losses after Goldman Sachs Group Inc., the fifth-largest US bank by assets, beat analysts' average earnings forecast in a Bloomberg survey by 50 percent. Royal Bank of Canada, the country's biggest lender by assets, gained 1.2 percent to C$52.44. ...
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TD's Smolinski Buying Copper, Oil Shares to Tap Chinese Growth
BusinessWeek
18 (Bloomberg) -- Toronto-Dominion Bank's John Smolinski plans to replenish his fund's holdings of Canadian copper and energy shares on speculation that China will seek to boost growth. Smolinski is reversing course after cutting resource shares to 36 ...
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Washington Crosses the Delaware in Met's Grand New Wing: Review
Bloomberg
(Lance Esplund is US art critic for Muse, the arts and leisure section of Bloomberg News. The opinions expressed are his own.) To contact the writer on the story: Lance Esplund in New York at lesplund@gmail.com. To contact the editor responsible for...
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Bloomberg
Tata Consultancy Net Income Beats Estimates as Orders, Rupee Lift Sales
Bloomberg
Enlarge image Tata Consultancy Net Beats Estimates as Orders Tata Consultancy Net Beats Estimates as Orders Adeel Halim/Bloomberg Chief Executive Officer N. Chandrasekaran said yesterday Tata Consultancy expects to win more orders as customers increase ...
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Bloomberg
Fed Officials Open to Additional Easing as They Monitor Risks
San Francisco Chronicle
18 (Bloomberg) -- Federal Reserve officials are staying open to further monetary easing this year as they monitor risks that threaten to move the economy further away from their mandate for stable prices and full employment. ...
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Canadian Dollar Avoids Key Stochastic Level, RBC Says: Technical Analysis
Bloomberg
To contact the reporter on this story: Allison Bennett in New York at abennett23@bloomberg.net To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net Tweet More Business Exchange Buzz up! Digg Print Email.
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Bat Fungal-Disease Toll Advances to 6.7 Million in U.S., Canada
Bloomberg
To contact the reporter on this story: Tony C. Dreibus at tdreibus@bloomberg.net To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net. Tweet More Business Exchange Buzz up! Digg Print Email.
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Merkel to Open Davos Forum as Leaders Discuss Failed Capitalism
Bloomberg
Enlarge image Chancellor Angela Merkel Chancellor Angela Merkel Michele Tantussi/Bloomberg Chancellor Angela Merkel said at a joint press conference Jan. 9 with French President Nicolas Sarkozy that they would ensure no country leaves the euro, ...
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Bloomberg
Ivanhoe Mines to Scrap Shareholder Rights Plan as Rio Plans to Raise Stake
Bloomberg
Founder and Chief Executive Officer Robert Friedland controls about 14 percent of Ivanhoe stock, according to data compiled by Bloomberg. Bridge Financing Ivanhoe also said today its board approved a $1.8 billion bridge financing that could be used to ...
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Dollar May Weaken Below Parity With Canada's Loonie: Technical Analysis
Bloomberg
The dollar weakened 0.2 percent to C$1.0130 at 6:26 am in New York extending its decline in the past month to 2.4 percent. The US currency last traded at parity with the so-called loonie on Nov. 1, according to data compiled by Bloomberg. ...
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Attack on Volcker Rule Seen Exaggerating Cost of Disruption to Bond Market
Bloomberg
To contact the reporter on this story: Yalman Onaran in New York at yonaran@bloomberg.net or @yalman_bn on Twitter To contact the editor responsible for this story: David Scheer in New York at dscheer@bloomberg.net Tweet More Business Exchange Buzz up! ...
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Bloomberg
Moody's Cuts Commerzbank Financial Rating
Bloomberg
To contact the reporters on this story: Tanya Angerer in Singapore at tangerer@bloomberg.net; Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.net To contact the editors responsible for this story: Shelley Smith at ssmith118@bloomberg.net; ...
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Bloomberg Promises More Charter Schools
Brooklyn Daily Eagle
Comptroller John C. Liu agreed. “The mayor devoted much of his speech to addressing some of the continuing shortcomings in our public schools, but his harsh criticism of teachers was surprising and unwarranted.” Leonie Haimson, executive director of ...
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Folk Art Museum Is 'Reasonably Secure' After $3.5 Million in Contributions
Bloomberg
Enlarge image Monty Blanchard Monty Blanchard Philip Boroff/Bloomberg Monty Blanchard, president of the American Folk Art Museum, at the museum's outpost near Lincoln Center for the Performing Arts. He's standing by "Encyclopedia Palace of the World," ...
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Bloomberg
Apple said to plan textbook push to bolster iPad use in schools
Albany Times Union
By Adam Satariano and Peter Burrows, (c) 2012, Bloomberg News SAN FRANCISCO — Apple has been selling thousands of iPads to grade schools since its 2010 debut. Now it plans to beef up the educational content available for the tablet so teachers and ...
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European Gas Markets Poised to Tighten Next Year, Bernstein Says
Bloomberg
To contact the reporter on this story: Brian Swint in London at bswint@bloomberg.net To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net Tweet More Business Exchange Buzz up! Digg Print Email.
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Catalyst Paper Seeks US Bankruptcy Protection Amid Canada Reorganization
Bloomberg
To contact the reporter on this story: Michael Bathon in Wilmington, Delaware, at mbathon@bloomberg.net. To contact the editor responsible for this story: John Pickering at jpickering@bloomberg.net. Tweet More Business Exchange Buzz up! ...
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Keeping Strait Open to Get Tougher Within Decade as Iran Bolsters Forces
Bloomberg
To contact the reporter on this story: Tony Capaccio in Washington at acapaccio@bloomberg.net To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net Tweet More Business Exchange Buzz up! Digg Print Email Iran's Vice ...
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Bloomberg
Canada Bubble Seen as IMF Risk With Record Low Rates: Mortgages
San Francisco Chronicle
17 (Bloomberg) -- Kevin Lau, a Toronto-based technology consultant, says he can't wait to take advantage of the lowest mortgage rates in Canadian history to buy a second condominium and rent his current home. Lau, 28, plans to get another mortgage and ...
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Hong Kong Short Selling Turnover (Main Board) Recorded 01/18/201
Bloomberg
Hong Kong, 01/18/2012 (Bloomberg) - Short selling was recorded on the Main Board of the Hong Kong Stock Exchange for the following companies as of 00:00 today. Number Short Percent of shares selling Total of short Tkr sold short turnover turnover to ...
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Nexen $3.3 Billion Windfall Signaled With CEO Exiting ... - Bloomberg
The departure of Nexen Inc.'s chief executive officer is leaving the door open for a takeover that may reward shareholders with a $3.3 billion windfall.
www.bloomberg.com/.../nexen-3-3-billion-windfall-signaled-...
J&J, C.R. Bard Must Study Safety of Vaginal Mesh, FDA ... - Bloomberg
Johnson & Johnson and C.R. Bard Inc. must study rates of organ damage and complications linked to vaginal mesh implants, U.S. regulators said, responding to ...
www.bloomberg.com/.../fda-orders-safety-studies-for-vaginal-...
Canadian Dollar Falls for 3rd Day as Jobs Growth ... - Bloomberg
Canada's dollar weakened for a third day against its U.S. counterpart after a report showed the nation's employers added fewer jobs in December than forecast ...
www.bloomberg.com/.../canadian-dollar-erases-advance-as-fe...
U.S. Unemployment Falls to 8.5% as Jobs Gain - Bloomberg
Payroll growth in the U.S. beat forecasts in December and the unemployment rate dropped to the lowest level in almost three years as the economy gained ...
www.bloomberg.com/.../u-s-payrolls-gain-more-than-expecte...
Apple Beijing Shop Pelted With Eggs as IPhone Debut ... - Bloomberg
Apple Inc., whose skill at hyping new products helped make it the world's most valuable technology company, became a victim of its own success after a botched ...
www.bloomberg.com/.../apple-iphone-4s-beijing-debut-delaye...
Apple Is Said to Ready IPad 3 With Sharper Screen ... - Bloomberg
Apple Inc.'s next iPad, expected to go on sale in March, will sport a high-definition screen, run a faster processor and work with next-generation wireless...
www.bloomberg.com/.../apple-said-to-prepare-march-ipad-3-...
Solar Stocks Rise on China Growth Plans
Solar companies climbed this week on optimism that stronger-than-expected demand at the end of 2011 will continue this year.
www.bloomberg.com/.../solar-stocks-rise-on-china-growth-pla...
Sears Swaps Soar to Record as CIT Said to Halt Vendor Loans
The cost of protecting Sears Holdings Corp.'s debt from losses surged to a record following reports that suppliers will no longer be able to get loans or payment ...
www.bloomberg.com/.../sears-swaps-soar-to-record-as-cit-said...
Kodak In Talks With Citi For Bankruptcy Financing ... - Nasdaq.com
NASDAQ news: Kodak In Talks With Citi For Bankruptcy Financing: Sources -Bloomberg News.
www.nasdaq.com/.../kodak-in-talks-with-citi-for-bankruptcy-f...
Samsung Quarterly Profit Rises as Galaxy Phones Lure ... - Bloomberg
Samsung Electronics Co., Asia's largest consumer-electronics company, reported a record quarterly profit on surging sales of Galaxy phones and a one- time ...
www.bloomberg.com/.../samsung-profit-beat-estimates-as-gala...
FDA Suspends Orange Juice Imports to Examine for ... - Bloomberg
The U.S. has temporarily halted shipments of imported orange juice from all countries while they're being tested, and said it will destroy or ban products ...
www.bloomberg.com/.../fda-halts-orange-juice-imports-to-che...
Gingrich-Allied Attack Film Shows Romney as 'Ruthless ... - Bloomberg
Mitt Romney is depicted as a financier “more ruthless than Wall Street” and a son of privilege responsible for firing thousands of workers in a film bankrolled by ...
www.bloomberg.com/.../gingrich-sponsored-attack-film-depic...
Vizio Aims Low-Price Wrecking Ball at PCs - Bloomberg
Vizio Inc., the television maker that helped drive higher-cost rivals out of the business with rock- bottom prices, plans to bring the same mayhem to the personal- ...
www.bloomberg.com/.../vizio-aims-low-price-wrecking-ball-a...
Economy Brightening in 2012 Initial Data From U.S. ... - Bloomberg
The U.S. economy is beginning 2012 on a brighter note in a sign investors may be too pessimistic.
www.bloomberg.com/.../economy-in-u-s-brightens-as-early-d...
What's new in the Bloomberg News profile of ... - WPRI.com Blogs
The latest entrant is Michael McDonald, a reporter with the Boston bureau ofBloomberg News. His profile of the treasurer – giving the oh-so-Bloomberg ...
blogs.wpri.com/.../whats-new-in-the-bloomberg-news-profile-...

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