BLOOMBERG News, Mar 21, 2012

Glencore Finds Viterra After BHP Billiton Miss: Corporate Canada San Francisco Chronicle March 21 (Bloomberg) -- Glencore International Plc has learned from BHP Billiton Ltd.'s experiences in handling takeovers in Canada. Glencore, the largest publicly traded commodity supplier, will probably win Canadian approval for its C$6.1 billion ... See all stories on this topic »

US Stocks Little Changed on Concern Over Rally's Pace Bloomberg Morgan Stanley and Citigroup Inc. (C) decreased at least 0.6 percent to pace losses in financial shares. Hewlett-Packard Co. (HPQ) slid 1.8 percent, the most in the Dow Jones Industrial Average. The S&P 500 declined less than 0.1 percent to 1404.95 at ... See all stories on this topic » Bloomberg

Bernanke Says Europe Must Aid Banks Even as Strains Eased San Francisco Chronicle March 21 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said Europe must further strengthen its banks and that its financial and economic situation "remains difficult" even as stresses have lessened, according to testimony today to US ... See all stories on this topic »

Ex-FrontPoint Manager Must Pay Morgan Stanley $10.2 Million Bloomberg To contact the reporters on this story: Sophia Pearson in Philadelphia at spearson3@bloomberg.net; Patricia Hurtado in New York at pathurtado@bloomberg.net. To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net ... See all stories on this topic » Bloomberg

JPMorgan Said to Join BofA in Cutting Mortgage Traders, Salesmen San Francisco Chronicle March 21 (Bloomberg) -- JPMorgan Chase & Co. and Bank of America Corp., the two biggest US banks, are cutting senior mortgage traders and salesmen amid a decline in the asset-backed securities market, people with knowledge of the moves said. See all stories on this topic »

Bernanke Says Europe Must Aid Banks Even as Strains Have Eased San Francisco Chronicle March 21 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said Europe must further strengthen its banks and that its financial and economic situation "remains difficult" even as stresses have lessened, according to testimony prepared for ... See all stories on this topic »

Glencore to Buy Grain Handler Viterra for $6.15 Billion San Francisco Chronicle March 21 (Bloomberg) -- Glencore International Plc, the largest publicly traded commodity supplier, agreed to buy Viterra Inc. for C$6.1 billion ($6.15 billion) to add grain assets in Canada and Australia as growth in Asia boosts demand. See all stories on this topic »

Baker Hughes Says Shift Away From Gas Rigs to Hurt Earnings San Francisco Chronicle March 21 (Bloomberg) -- Baker Hughes Inc., the world's third-largest oilfield-services provider, expects operating profit before tax for the first quarter to fall as producers shift drilling from natural gas to crude. North American first-quarter ... See all stories on this topic »

Canadian Dollar Rises Versus Resource Peers on U.S. Growth Bloomberg Canada's currency, nicknamed the loonie for the image of the waterfowl on the C$1 coin, fell 0.2 percent to 99.30 cents per US dollar at 11:52 am in Toronto. One Canadian dollar buys $1.0072. Government bonds rose, pushing the yield on five-year debt ... See all stories on this topic »

BofA's McNiff Said to Resign From Mortgage-Trading Unit Bloomberg “When you start doing something like this, you're making a forward statement about the mortgage-backed security market -- they are saying it isn't going to be as active,” said Brad Hintz, an analyst covering banks at Sanford C. Bernstein & Co. in New... See all stories on this topic » Bloomberg

Grains Called Lower on Beneficial U.S. Weather; Soy May Climb Bloomberg WHAT TO WATCH: (ALL TIMES NEW YORK) 10:30 am US DOE Oil Inventories 11 am Bloomberg New Energy Finance Summit in New York 2 pm USDA Daily Cattle & Hog Slaughter TOP COMMODITY STORIES: -Glencore Finds Viterra After BHP Billiton Miss: Canada -China Corn ... See all stories on this topic »

JPMorgan Claims No. 1 for Government Debt After Jefferson County Bloomberg In 2011, JPMorgan managed $35.7 billion of long-term bond sales, $200 million more than Bank of America Merrill Lynch, its closest competitor, according to Bloomberg data. This year through March 19, JPMorgan also ranked first, with Bank of America ... See all stories on this topic » Bloomberg

Soybeans Rebound From Biggest Loss Since January on Inventories Bloomberg To contact the reporter on this story: Luzi Ann Javier in Singapore at ljavier@bloomberg.net, or Tony C. Dreibus in London at tdreibus@bloomberg.net To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net. See all stories on this topic »

Vodafone Wins Return of $500 Million Indian Tax Deposit Bloomberg “Yesterday was very encouraging, when they could have deferred it,” Halford said at Bloomberg's offices in London. The Newbury, England-based company hasn't yet heard whether it will be liable to further tax claims after a planned change in the law, ... See all stories on this topic » Bloomberg

Mayoral Hopefuls All Make Time for Teachers' Union Leader New York Times The City Council speaker, Christine C. Quinn, said that when education issues were on the front burner, she sometimes consulted with Mr. Mulgrew several times a day. When they were allied in seeking to avoid teacher layoffs Mr. Bloomberghad proposed, ... See all stories on this topic » New York Times

Soybeans, Corn Rise on Speculation China Will Boost Purchases Bloomberg “Prices probably have found a level that will stimulate new Chinese purchases from the US,” Jim Gerlach, the president of A/C Trading Co. in Fowler, Indiana, said in a telephone interview. “A jump in Brazilian soybean-export prices yesterday, ... See all stories on this topic »

Canada Dollar Gains Momentum Against Aussie: Technical Analysis Bloomberg The Australian dollar depreciated 0.4 against the Canadian currency toC$1.0355 at 11:43 am in New York, on pace for its third straight day of losses. The Aussie has weakened 2.6 percent against Canada's currency so far this month. See all stories on this topic »

The Courtship of Mr. Mulgrew New York Times Some have attended meetings of block associations and civic groups, looking to channel parents' frustrations. The teachers' union has run advertisements so critical of Mr. Bloomberg that, Mr. Mulgrew said, a mayoral hopeful asked after they had been ... See all stories on this topic »

USG Jumps After Signaling First Profit Since 2007: Chicago Mover Bloomberg “New housing starts, existing home sales and an increase in the NAHB's homebuilder confidence index all suggest that the housing market is experiencing a nascent recovery,” Robert C. Wetenhall, an analyst with RBC Capital Markets LLC, said in a report ... See all stories on this topic »

Tim Tebow traded to New York Jets Allentown Morning Call By Eric Matuszewski, c.2012 Bloomberg News March 21 (Bloomberg) -- The New York Jets acquired Tim Tebow from Denver, one day after four-time National Football League Most Valuable Player Peyton Manning signed with the Broncos and took over as starting ... See all stories on this topic »

IRS Chief Says Agency Isn't Targeting Political Nonprofit Groups Bloomberg Shulman said today the groups applied for 501(c)(4) status, a nonprofit status for “social welfare” organizations whose primary activity isn't political. “All of these organizations are not being examined,” he told a US House Appropriations ... See all stories on this topic »

TD Bank May Split $20 Million for Advising on Viterra Takeover Bloomberg ... C$16.25 a share for Viterra, the companies said today. The acquisition helped push TD, Canada's second-biggest lender by assets, to the top of rankings for takeovers of Canadian companies over the past year, according to data compiled by Bloomberg. See all stories on this topic »

Quebec Aims to Boost Mining With Infrastructure in Budget Bloomberg Canada's second-most populous province will earmark C$1 billion ($1 billion) for investments in mining and hydrocarbon development projects over the next five years, twice the amount allocated in last year's budget, Bachand said. See all stories on this topic »

Bernanke Says Financial Stresses in Europe Have Lessened Bloomberg Facing Challenges New York Fed President William C. Dudley, who is also vice- chairman of the FOMC, said this week the world's largest economy still faces challenges. “The incoming data on the US economy has been a bit more upbeat of late, ... See all stories on this topic » Bloomberg

Li Ka-Shing's ARA Asset Said to Plan Singapore's First Yuan IPO Bloomberg The company hired Citigroup Inc. (C), DBS Group Holdings Ltd. (DBS) and Standard Chartered Plc (STAN) for the initial public offering of one of its property funds, three people with knowledge of the matter said yesterday. The size and timing of the ... See all stories on this topic » Bloomberg

Soybeans May Gain on Speculation US Planting Didn't Increase BusinessWeek By Tony C. Dreibus and Luzi Ann Javier on March 21, 2012 Soybeans may rebound from their biggest decline since January on speculation that next week's US Department of Agriculture planting report will show farmers didn't increase oilseed planting. See all stories on this topic »

Hong Kong Short Selling Turnover (Main Board) Recorded 03/21/201 Bloomberg Hong Kong, 03/21/2012 (Bloomberg) - Short selling was recorded on the Main Board of the Hong Kong Stock Exchange for the following companies as of 00:45 today. Number Short Percent of shares selling Total of short Tkr sold short turnover turnover to ... See all stories on this topic »

Williams Rises After $2.5 Billion Pipeline Deal: Dallas Mover Bloomberg That compared with 12 analysts' average estimate of $1.52 and $1.66, respectively, according to data compiled by Bloomberg. Adjusted 2011 profit was $1.23 a share. Caiman Energy Caiman, based in Dallas, has agreements with 10 producers to gather and ... See all stories on this topic »

NYC Mayor Bloomberg bans food donations to homeless shelters Examiner.com But the article's author, Jeff Stier, wonders whether “the real driver behind the ban is the Bloomberg dietary diktats.” With friends like Bloomie, another saying goes, who needs enemies? [C]ontrary to NY Post column that ran yesterday, there is no NEW ... See all stories on this topic »

Ex-FrontPoint Manager Must Pay Morgan Stanley $10.2 Milli BusinessWeek Benhamou, 10-cv-8266, US District Court, Southern District of New York (Manhattan). To contact the reporters on this story: Sophia Pearson in Philadelphia at spearson3@bloomberg.net; Patricia Hurtado in New York at pathurtado@bloomberg.net. See all stories on this topic »

Canada Agency Says Finance Safe Amid Expansion ... - Bloomberg The Canadian housing agency's vulnerability to mortgage defaults has soared nine-fold in 20 years, approaching levels reached by Fannie Mae and Freddie ... www.bloomberg.com/.../ghost-of-fannie-mae-haunts-canada-a...

Canadian Dollar Rises in Longest Weekly Rally Since ... - Bloomberg The Canadian dollar extended its rally against the yen for a 10th week in its longest winning streak in almost seven years as a rally in U.S. stocks encouraged ... www.bloomberg.com/.../canadian-dollar-rises-in-longest-week...

Glencore Said to Express Interest in Buying Canadian ... - Bloomberg Glencore International Plc, the largest publicly traded commodities supplier, has expressed an interest in acquiring Canada's biggest grain handler Viterra Inc., ... www.bloomberg.com/.../glencore-said-to-express-interest-in-b...

Express Scripts, BofA, JPMorgan, UBS, Lehman in Court News ... Five states are considering whether they will sue to challenge Express Scripts Inc .'s bid for Medco Health Solutions Inc. if federal antitrust regulators approve the ... www.bloomberg.com/.../bofa-jpmorgan-cardinal-health-ubs-b...

Former Merck Unit Works on First Vaccine for Hepatitis C - Bloomberg Okairos AG, a biotechnology business that Merck & Co. sold to venture capital funds in 2007, is seeking to produce the first preventive vaccine for hepatitis C, ... www.bloomberg.com/.../former-merck-unit-works-on-first-va...

Glencore Agrees $6.15 Billion Deal for Canada's Viterra - Bloomberg Glencore International Plc, the largest publicly traded commodity supplier, agreed to buy Viterra Inc. for C$6.1 billion ($6.15 billion) to add grain assets in ... www.bloomberg.com/.../glencore-will-buy-grain-handler-viter...

Thailand Stocks: Big C, Khon Kaen, Khonburi, PTT ... - Bloomberg Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the close in Bangkok. www.bloomberg.com/.../chiang-mai-esso-thailand-thai-oil-thai...

TV Cameras Rejected in U.S. Supreme Court Health ... - Bloomberg The U.S. Supreme Court rejected media and lawmaker requests for television coverage of this month's arguments on President Barack Obama's health-care law, ... www.bloomberg.com/.../tv-cameras-rejected-in-u-s-supreme-c...

BCE to Buy Astral Media for $3 Billion to Add TV ... - Bloomberg The Montreal Canadiens' 1980s hockey rivalry with the Quebec Nordiques was known as the Battle of Quebec. A new battle may be set to begin after BCE Inc. www.bloomberg.com/.../bce-to-buy-astral-media-for-3-billion...

CIBC First-Quarter Profit Tops Estimates on Consumer ... - Bloomberg Canadian Imperial Bank of Commerce, the country's fifth-biggest lender, said first -quarter profit topped analysts' estimates, led by consumer lending and wealth ... www.bloomberg.com/.../cibc-exploring-sale-of-broker-mortga...

Glencore Said to Near Viterra Deal With Agrium ... - Bloomberg Glencore International Plc, the largest publicly traded commodity supplier, and two Canadian agricultural companies are nearing a deal to buy Viterra Inc., said ... www.bloomberg.com/.../glencore-said-to-near-viterra-takeove...

Gold Stock Premium at Low on ETF Demand ... - Bloomberg Investors are abandoning Canadian gold producers including Kinross Gold Corp. for exchange-traded bullion funds, leaving valuations at a record low ... www.bloomberg.com/.../gold-stock-premium-at-low-on-etf-de...

Viterra Soaring on Bid Talk Still Offers 42% Discount - Bloomberg Viterra Inc. is offering potential acquirers the chance to capitalize on the end of a wheat and barley monopoly in western Canada at a discount of at least 42 ... www.bloomberg.com/.../viterra-soaring-on-takeover-talk-still-...

Canadian Dollar Fluctuates, Set for 10th Weekly Gain Canada's dollar dropped against most of its major counterparts as North American currencies slid after a U.S. inflation report supported speculation that the ... www.bloomberg.com/.../canadian-dollar-fluctuates-set-for-10t...

Schlumberger Is Said to Seek Buyer for Oilfield-Supply Business Schlumberger Ltd., the world's largest oil-services company, is seeking buyers for a unit that distributes oilfield supplies, a business that may fetch as much as ... www.bloomberg.com/.../schlumberger-is-said-to-seek-buyer-f...

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