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Feb 8, 2012

BLOOMBERG News, Feb 08, 2012

U.S. Companies Reporting Midmorning EPS, Feb. 8
Bloomberg
The following table lists the 70 US companies that reported quarterly earnings today (end date of the quarter is noted in the last column). Companies are sorted alphabetically by ticker symbol. Earnings estimates provided by Bloomberg.
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Syria Violence 'Intolerable' as Turkey Calls for Coalition
San Francisco Chronicle
Feb. 8 (Bloomberg) -- Syria's violence is heading toward an "intolerable point," Turkish Foreign Minister Ahmet Davutoglu said, as he called for an international coalition to stop President Bashar al-Assad's deadly crackdown. "Very clear and decisive ...
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Greek Premier Starts Talks to Rescue Consensus Amid Quarrels
San Francisco Chronicle
Feb. 8 (Bloomberg) -- Greek Prime Minister Lucas Papademos began negotiating with leaders of the political parties supporting his caretaker government as he tried to make up for lost time to secure a second aid package. Papademos met with the chiefs in ...
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Sprint Loss Widens After IPhone Demand Boosts Subsidy Costs
San Francisco Chronicle
Feb. 8 (Bloomberg) -- Sprint Nextel Corp., the third- largest US wireless carrier, reported a wider fourth-quarter loss after demand for Apple Inc.'s iPhone boosted costs to subsidize the device. The stock fell. The net loss expanded to $1.3 billion, ...
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Computer Sciences Soars as Lawrie Named CEO: Washington Mover
San Francisco Chronicle
Feb. 8 (Bloomberg) -- Computer Sciences Corp., a technology contractor for governments and companies, rose the most in three decades after naming Mike Lawrie as its next chief executive officer as it renegotiates a contract with the UK's National ...
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Stocks Set for Bull Market, Commodities Rise on Greek Debt Talks
San Francisco Chronicle
Feb. 8 (Bloomberg) -- Global stocks rose, with the MSCI All-Country World Index set to enter a bull market, and commodities extended the longest rally this year as Greek leaders negotiated conditions of a second aid package. The MSCI index climbed 0.4 ...
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Faster Frequent-Flier Screening Coming to 28 More Airports
San Francisco Chronicle
Feb. 8 (Bloomberg) -- New York's three airports will be among 28 where pre-approved frequent fliers can get through security faster as the US Transportation Security Administration expands expedited screening. Ronald Reagan Washington National Airport ...
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German Exports Slump as Crisis Saps Euro-Area Growth: Economy
San Francisco Chronicle
Feb. 8 (Bloomberg) -- German exports fell four times more than economists forecast in December as the sovereign debt crisis damped growth across the euro region. Exports slumped 4.3 percent from November, when they rose 2.6 percent, ...
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U.S. Attack on Iran 'Suicide,' Would Spark Reprisal, Envoy Says
San Francisco Chronicle
Feb. 8 (Bloomberg) -- A US attack on Iran would be "suicide" that would prompt retaliation, said Mahmoud-Reza Sajjadi, the Persian Gulf country's ambassador to Russia, "Iran has very good access to the whole world to carry out strikes against America," ...
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Iran Anxiety No Match for Central Bankers Sedating Investors
San Francisco Chronicle
Feb. 8 (Bloomberg) -- Iran's nuclear ambitions, Syria's bloody crackdown and Greece's potential default are leaving markets unfazed as central bankers take unprecedented steps to prevent the global economy from crumbling. The VIX, a measure of equity ...
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Germany Discussing Plan for Greek Votes Next Week, Meister Says
San Francisco Chronicle
Feb. 8 (Bloomberg) -- German Chancellor Angela Merkel's government is readying plans for parliamentary votes on a bailout for Greece as soon as next week while Greek political leaders struggle for consensus on terms of the aid, the deputy floor leader ...
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ICE Rallies as Net Rises on Europe Energy Trading: Atlanta Mover
BusinessWeek
By Matthew Leising Feb. 8 (Bloomberg) -- Intercontinental Exchange Inc., the second-largest US futures market, rose the most since August as fourth-quarter profit gained 28 percent, led by European energy trading and over-the-counter clearing ...
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US Stocks Drop Amid Concern Greek-Debt Negotiations Will Fail
BusinessWeek
By Rita Nazareth Feb. 8 (Bloomberg) -- US stocks fell, erasing an earlier advance in the Standard & Poor's 500 Index, amid concern that Greek Prime Minister Lucas Papademos and coalition party members would fail to agree on terms required for a bailout ...
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Treasury 10-Year Note Yield Reaches 2% Before $24 Billion Sale
BusinessWeek
By Cordell Eddings and Susanne Walker Feb. 8 (Bloomberg) -- Treasury 10-year note yields reached 2 percent for the first time in two weeks beforetoday's $24 billion auction of the securities. US debt fluctuated as Greece's Prime Minister Lucas ...
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Airbus A380 Fleet Needs Full Inspection of Wings Amid Cracks
San Francisco Chronicle
Feb. 8 (Bloomberg) -- Airlines were ordered to inspect all operating Airbus SAS A380 aircraft, as Europe's air safety regulator escalates required checks after the wings of the double-decker superjumbo developed cracks. The directive by the European ...
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Paulson Tells Hartford CEO McGee to Do 'Something Drastic'
San Francisco Chronicle
Feb. 8 (Bloomberg) -- John Paulson, the billionaire hedge fund manager who controls the largest stake in Hartford Financial Services Group Inc., told Chief Executive Officer Liam McGee he needs to reverse the insurer's stock slide.
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Sanofi Sees 2012 Profit Dropping as Much as 15% on Generics
BusinessWeek
By Albertina Torsoli Feb. 8 (Bloomberg) -- Sanofi, France's biggest drugmaker, said profit may drop as much as 15 percent this year, hurt by generic competition to its Plavix blood thinner and Avapro hypertension drug in the US Earnings per share ...
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BlackRock's Fink Says Investors Should Be 100% in Equities
San Francisco Chronicle
Feb. 8 (Bloomberg) -- Investors should have 100 percent of investments in equities because of valuations and higher returns than bonds, said Laurence D. Fink, chief executive officer of BlackRock Inc., the world's largest money manager.
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Stanford University Gets Record $6.2 Billion in 5-Year Campaign
San Francisco Chronicle
Feb. 8 (Bloomberg) -- Stanford University raised $6.2 billion, the most ever for any university, in a five-year campaign that concluded Dec. 31. The Stanford Challenge officially started in October 2006 with a goal of $4.3 billion, according to a ...
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Unemployment Decline Masks Drop in U.S. Labor Force: Economy
San Francisco Chronicle
Feb. 8 (Bloomberg) -- The unemployment rate's unexpected drop to a three-year low has overshadowed a less-positive labor- market development: fewer Americans are looking for work. Last week's Labor Department announcement that the jobless rate fell to ...
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Prologis Reports Fourth-Quarter FFO of $134.1 Million on Merger
BusinessWeek
By Brian Louis Feb. 8 (Bloomberg) -- Prologis Inc., the world's largest warehouse owner, reported fourth-quarter funds from operations of $134.1 million as leasing increased after the company's merger with AMB Property Corp.
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Most German Stocks Decline as Greece Continues Debt-Swap Talks
BusinessWeek
By Konstantin Riffler Feb. 8 (Bloomberg) -- Most German stocks declined as Greece's Prime Minister Lucas Papademos sought political support for the austerity measures required to obtain further aid. Bayer AG led losses. Commerzbank AG jumped 7.6 ...
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Chile Inflation Stays Above Target Range for Second Month
BusinessWeek
Feb. 8 (Bloomberg) -- Chilean consumer prices rose 0.1 percent in January from December, leaving the annual inflation rate above the target range for a second straight month, the National Statistics Institute said. Prices climbed 4.2 percent from a ...
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Romanian Premier-Designate Unveils Cabinet, Seeks Approval
BusinessWeek
By Irina Savu Feb. 8 (Bloomberg) -- Romanian Prime Minister-designate Mihai-Razvan Ungureanu nominated a 17-member government, replacing the finance and economy ministers, as he seeks to secure the backing of the ruling coalition ahead of a ...
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Facebook Governance Resembles Dictatorship, Gamco's Haverty Says
San Francisco Chronicle
Feb. 8 (Bloomberg) -- Facebook Inc.'s governance structure resembles a dictatorship, requiring investors to surrender rights to founder Mark Zuckerberg, according to Gamco Investors Inc.'s Larry Haverty. Zuckerberg, chief executive officer, ...
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South African Stocks: Anglo, BHP, Old Mutual, Pick n Pay, Sappi
BusinessWeek
By Stephen Gunnion and Robert Brand Feb. 8 (Bloomberg) -- The FTSE/JSE Africa All Share Index advanced for the first time in three days, gaining 0.7 percent to 34226.73 by the close in Johannesburg. The following were among the most active equities in ...
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Vinci Braces for Building Slowdown as Crisis Hits Governments
BusinessWeek
By Francois de Beaupuy Feb. 8 (Bloomberg) -- Vinci SA, France's largest builder, is among the nation's construction companies bracing for a slowdown as the collapse of municipal lender Dexia SA exacerbates the debt crisis.
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Oil Corruption Menaces Angola, Nigeria, Global Witness Says
BusinessWeek
By Henrique Almeida Feb. 8 (Bloomberg) -- Nigeria and Angola, Africa's biggest oil producers, have granted stakes in oil fields to companies that may be acting as fronts for government officials, stifling development in both countries, according to ...
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Small Caps Rally as UK Investors Anticipate More BOE Stimulus
BusinessWeek
By Anna-Louise Jackson and Simona Ferrari Feb. 8 (Bloomberg) -- UK small-cap companies are outperforming, as investors anticipate additional stimulus from the Bank of England. The FTSE SmallCap Index -- currently made up of companies with market ...
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Vestas Falls After 2011 Loss Widens, CFO Quits: Copenhagen Mover
BusinessWeek
Feb. 8 (Bloomberg) -- Vestas Wind Systems A/S fell the most in a month after the world's biggest wind-turbine maker reported a loss four times wider than analyst forecasts and Chief Financial Officer Henrik Norremark resigned.
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Euro, U.S. Stocks Retreat as Optimism Over Greece Talks Fades
San Francisco Chronicle
Feb. 8 (Bloomberg) -- The euro erased earlier gains versus the dollar and US equities reversed their advance amid concern that Greek Prime Minister Lucas Papademos and coalition party members will fail to agree on terms for a bailout.
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Ecopetrol Dividends of at Least $1 Billion to Stay Overseas
BusinessWeek
By Heather Walsh Feb. 8 (Bloomberg) -- Colombia will keep abroad at least $1 billion of dividends from state-run oil producer Ecopetrol SA to ease a peso rally amid record international investment. The government also is in “no rush” to sell its stake ...
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Scene at the Ballet: Donya Bommer, Jill Kargman, Diana DiMenna
BusinessWeek
By Amanda Gordon Feb. 8 (Bloomberg) -- Donya Bommer was in a quant mood yesterday at the New York City Ballet Annual Luncheon, held on the promenade of the David H. Koch Theater. The wife of Scott Bommer, founding partner and president of SAB Capital ...
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Vietnam Dong Advances a Second Day After Trade Deficit Narrows
BusinessWeek
By Bloomberg News Feb. 8 (Bloomberg) -- Vietnam's dong climbed for a second day on speculation demand for foreign currencies will weaken as the nation's imports slow and the trade deficit narrows. Government bonds fell. The country's trade gap shrank ...
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Brazil Futures Yields Fall as Inflation Slows; Real Advances
BusinessWeek
By Josue Leonel and Ney Hayashi Feb. 8 (Bloomberg) -- Yields on Brazilian interest-rate futures contracts touched a record low after a report showing inflation slowed more than forecast added to speculation that policy makers will cut borrowing costs ...
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Winsway Hit by Short Sellers as Coal Deal Offers 115%: Real M&A
BusinessWeek
By Tara Lachapelle and Angus Whitley Feb. 8 (Bloomberg) -- Traders can double their money betting Winsway Coking Coal Holdings Ltd.'s $1 billion takeover of a Canadian coal miner won't be derailed by an allegation the Chinese acquirer's financial ...
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Irish May Try Bond Sale After ECB Loans, Goodbody Says
BusinessWeek
By Joe Brennan Feb. 8 (Bloomberg) -- Ireland may try an “opportunistic” bond sale should its debt continue a two-and-a-half-month rally after the European Central Bank floods banks with a second round of three-year loans later this month, according to ...
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Time Warner Profit Beats Estimates, Plans $4 Billion Buyback
BusinessWeek
By Edmund Lee Feb. 8 (Bloomberg) -- Time Warner Inc., owner of the HBO cable-TV channel, reported fourth-quarter profit that topped analysts' estimates as subscription fees for television shows improved, and it announced a new share buyback of $4 ...
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Proposition 8 law ruled unlawful by appeals court
Washington Post (blog)
Feb. 7 (Bloomberg) -- California's voter-backed Proposition 8 law declaring marriage to be only between a man and a woman was ruled unconstitutional by a federal appeals court. The San Francisco-based court, ruling 2-1, today upheld the 2010 decision ...
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Treasury Proposes Easing Offshore Bank Tax Compliance Burden
BusinessWeek
By Steven Sloan and Richard Rubin Feb. 8 (Bloomberg) -- The US Treasury Department and the Internal Revenue Service are trying to make it easier for overseas banks to comply with a tax withholding and information- collection requirement for some US ...
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China May Add Tens of Billions of Euros to EFSF, Academic Says ...
By admin
China May Add Tens of Billions of Euros to EFSF, Academic Says.February 08, 2012, 2:55 AM EST. By Bloomberg NewsFeb8 (Bloomberg) — China may “move shortly” to help Europe resolve its debt crisis by providing an investment of ... Still , it may be “politically unattainable” for the euro zone to rely on outside bailout funds as the region has “sufficient” resources within its own territory to tap, Tony Stringer, managing director of global sovereigns for Fitch, told reporters today at a ...
Fresh Coffee with a Cup of News...
The Oil Drum | Drumbeat: February 8, 2012
By Leanan
Posted by Leanan on February 8, 2012 - 10:34am. Oil, Food, Water: Is ...Analysts surveyed by Bloomberg News had forecast today's Energy Department report would show supplies rose 2.5 million barrels. China to Increase Domestic Diesel, ...
The Oil Drum - Discussions about...
Payrolls Jump Casts Doubt on Fed's Rate Pledge ... - Bloomberg
Feb. 3 (Bloomberg) -- Tom Porcelli, chief U.S. economist at RBC Capital... in a Bloomberg News survey, Labor Department figures showed in Washington. ... 8, 2011. A worker on the Transbay Terminal in San Francisco on Sept. ... the lowest since February 2009, Labor Department figures showed today in Washington.
www.bloomberg.com/.../payrolls-in-u-s-jumped-243-000-in-j...
China to Raise Domestic Diesel, Gasoline Prices Feb. 8, C1 Says ...
... as of Feb. 8, C1 Energy, a commodity researcher, said on its websitetoday. ... today. To contact Bloomberg News staff for this story: Chua Baizhen in Beijing at ...
www.businessweek.com/.../china-to-raise-domestic-diesel-gaso...
Borrowing takes an upturn | SouthCoastToday.com
Borrowing takes an upturn. Text Size: A | A | A. Print this Article Email this Article. By By Meera Louis. Bloomberg News. February 08, 2012 12:00 AM ...
www.southcoasttoday.com/apps/pbcs.dll/article?AID=/.
  
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