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Jul 11, 2012

BLOOMBERG News, Jul 11, 2012


Corn Jumps to 10-Month High as U.S. Crop Outlook Cut on DroughtBloomberg
Corn surged to the highest price since September and soybeans reached a four-year high after the U.S. cut its production forecasts because of the worst drought since 1988. Wheat extended this year's rally.
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Mayor Bloomberg launches contest to stir development of tiny 300-square-foot ...
New York Daily News
Mayor Bloomberg launched a contest Monday to stir development of teeny-tiny apartments — called micro units — for young singles willing to cram themselves into shoebox-sized digs.
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New York Daily News
First Solar Bonds Financing $4.6 Billion U.S. Panel Boom
Bloomberg
Underwriters from Bank of America Corp. to Credit Suisse AG and Citigroup Inc. for the first time are close to converting sunlight into cash to pay bond investors.
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Tervita Said to Raise C$1 Billion in IPO on Toronto Bourse
Bloomberg
Tervita Corp., a Calgary-based provider of waste management services, plans to raise as much asC$1 billion ($980 million) in the biggest initial public offering in Canada in more than two years, according to two people familiar with the sale.
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Boeing Sees Exports Extending Life of C-17 Jet Factory
Bloomberg
Boeing Co. expects that export sales will help extend the life of the California assembly line that builds the C-17 military transport, a program that had been targeted for termination.
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Bloomberg View: Something's Rotten in Banking, and It's Not Just Barclays
Businessweek
You might have missed the latest bank scandal, the one involving Barclays, in the hubbub of the U.S. health-care ruling and the euro salvage plan. If so, here's what you need to know: On June 27, Barclays, the U.K.'s second-largest bank by assets ...
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Palo Alto Networks Seeks as Much as $229 Million in IPO
Bloomberg
Palo Alto Networks Inc. and Kayak Software Corp. led companies that announced plans today to raise more than half a billion in initial public offerings, a sign the market is recovering from a monthlong drought following Facebook Inc.'s disappointing debut.
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Hospital Bills Unpaid as S.C. Shuns Medicaid Expansion
Bloomberg
Shirley Johnson gets her medical care at Palmetto Health Baptist hospital's emergency room in Columbia, South Carolina. She goes when her back gives out or when a benign tumor near her ribcage swells and throbs. She goes for headaches, heartburn, ...
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Top Won Forecaster Sees 5% Loss as Europe Crisis Damps Exports
Bloomberg
South Korea's won will post its worst quarter in a year as Europe's financial crisis saps demand for exports, according to Credit Suisse Group AG, the top forecaster.
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Apartment Rents in U.S. Rise Most Since 2007 as Vacancy Falls
Bloomberg
Apartment rents in the U.S. climbed the most in almost five years in the second quarter as shrinking vacancies allowed landlords to charge more, Reis Inc. said.
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Chinese Vitamin C Makers' Price-Fixing Trial Set for Nov. 5
Bloomberg
China Pharmaceutical Group Ltd. and several other Chinese makers of vitamin C will face a Nov. 5 trial in the U.S. for alleged price-fixing, a federal judge said.
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Dodging Bubble Means Canada Economy Loses Edge: Mortgages
Bloomberg
Canadian Finance Minister Jim Flaherty's efforts to avert a housing bubble are hastening the end of a six-year streak of outperforming the U.S. economy.
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JPMorgan Rises to Challenge HSBC as Asia's Top Bond Underwriter
Bloomberg
JPMorgan Chase & Co., the largest underwriter of corporate bonds worldwide, jumped eight spots to number two in Asia as Li Ka-shing's Hutchison Whampoa Ltd. picked the bank to manage its return to the market.
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Canada Dollar Falls Against Greenback Before Employment Reports
Bloomberg
The Canadian dollar weakened against its U.S. counterpart before reports that are forecast to show the countries' unemployment rates were little changed.
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TMX Hunt for CBOE Seen After Maple Approval: Corporate Canada
Bloomberg
TMX Group Inc., owner of the Toronto Stock Exchange, should seek takeovers of global competitors such as CBOE Holdings Inc. after its C$3.73 billion ($3.68 billion) sale to a Canadian investor group cleared its biggest regulatory hurdles, investor ...
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Halkbank Plans First Non-Junk Bond Sale as Costs Decline
Bloomberg
Turkey's largest publicly traded state bank is seeking to lock in record-low costs in its first dollar bond sale after Moody's Investors Service upgraded lenders' foreign-currency debt to investment grade last week.
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BlackRock Prepares for New Chapter as Acquisitions End
Bloomberg
Laurence D. Fink used at least half a dozen acquisitions to expand BlackRock Inc. from a boutique bond shop to the world's biggest money manager. Now the firm, which invests $3.7 trillion for clients around the world, faces a new challenge: Growing on ...
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Senate Committee to Question Geithner, Bernanke on Libor
Bloomberg
The Senate Banking Committee will question U.S. Treasury Secretary Timothy F. Geithner and Federal Reserve Chairman Ben S. Bernanke on the scandal surrounding the London interbank offered rate.
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Canada Dollar Gains Versus Most Peers on Central Banks' Stimulus
Bloomberg
Canada's dollar rose against most of its 16 major counterparts after global central banks added monetary stimulus to boost economic growth.
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Linklaters, Davis Polk, Sheppard Mullin, Loeb: Business of Law
Bloomberg
WellPoint Inc., the second-biggest U.S. health insurer, agreed to buy Amerigroup Corp. for $4.9 billion in cash to expand the number of Medicaid patients it serves as the U.S. health plan for the poor undergoes broad changes in how it is managed.
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U.S. Stock Futures Climb Before Release of Fed Minutes
Bloomberg
U.S. stocks fluctuated, after a four-day loss for the Standard & Poor's 500 Index, amid concern over earnings and as investors awaited minutes of last month's Federal Reserve meeting for signs of further stimulus measures.
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NFL Players' Union Sues to Overturn Bounty-Related Suspensions
Bloomberg
The National Football League Players Association sued the league on behalf of three members who were suspended for allegedly participating in a bounty program that paid players for violent hits on opponents.
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Canadian Dollar Drops on Oil Drop, Concern Earnings Will Weaken
Bloomberg
Canada's dollar dropped as investors sought the safety of its U.S. counterpart on concern corporate earnings will trail median forecasts, hampering risk appetite.
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Canada Dollar Extends Losses as U.S. Jobs Growth Trails Forecast
Bloomberg
The Canadian dollar weakened against its U.S. counterpart even as a report showed employment increased faster than forecast in the world's 10th-largest economy.
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World Wheat Production, Stockpiles Seen Lower on Dry Weather
Bloomberg
Global wheat production in the year that started June 1 will be lower than forecast last month as dry weather threatens crops in Russia and Ukraine, the U.S. Department of Agriculture said.
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Telefonica Said to Weigh Latin American Share Sale
Bloomberg
Telefonica SA, Spain's biggest phone operator, is considering ways to sell shares in its entire Latin America business to raise money and cut debt, people familiar with the matter said.
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U.S. May Job Openings and Labor Turnover Report (Text)
Bloomberg
Following is the text of the May job openings and labor turnover rates.
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Citigroup Recommends European Stocks With Russia 'Savior'
Bloomberg
Investors should buy European stocks with sales in Russia as the oil-producing nation's economic growth will outperform the debt-stricken euro region's, according to Citigroup Inc.
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Passport's Burbank Hedges Slow Home Recovery: Mortgages
Bloomberg
John Burbank, the hedge-fund manager who's betting on a global recession, plans to follow rivals in buying U.S. mortgage securities without government backing amid increasing signs the housing market is recovering.
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Viacom Says Impasse Means DirecTV Users Will Lose 26 Channels
Bloomberg
Viacom Inc. said an impasse in contract talks with DirecTV may mean almost 20 million subscribers will lose access to 26 channels, including MTV, Nickelodeon and Comedy Central.
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Boston-Area Man to Plead Guilty to Pentagon Attack Plan
Bloomberg
A Massachusetts man agreed to plead guilty to charges that he planned to blow up the Pentagon and the U.S. Capitol and provided support to terrorists.
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Swaps, CFTC, Peregrine, Vitamin Price-Fixing: Compliance
Bloomberg
The U.S. Commodity Futures Trading Commission voted to define when trades are considered swaps under the Dodd-Frank Act, a step that triggers more than a dozen rules under the 2010 financial-regulation overhaul.
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Canada Dollar Reaches 2-Year High Versus Euro After ECB Rate Cut
Bloomberg
The Canadian dollar strengthened to a two-year high against the euro after the European Central Bank cut interest rates to stimulate the bloc's economies.
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Gibson Dunn, Skadden Arps, Fried Frank: Business of Law
Bloomberg
DuPont Co., the most valuable U.S. chemical company, didn't tell investors for years that efforts to develop its own herbicide-tolerant soybean seeds had failed, Monsanto Co. told a jury at the start of a patent trial.
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New York Fed Says It Knew of Barclays Libor 'Problems'
Bloomberg
The Federal Reserve Bank of New York was aware of potential issues involving Barclays Plc and the London interbank offered rate after the financial crisis began in 2007, according to a statement from the district bank.
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Bloomberg
Chelsea's Terry Says He's the Victim as He Denies Racial Insult
Bloomberg
Chelsea captain John Terry told a court yesterday that he isn't a racist and has become a victim after being accused of racially abusing a rival Premier League soccer player.
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Payrolls in U.S. Rose 80000 in June; Jobless Rate at 8.2%
Bloomberg
American employers added fewer workers to payrolls than forecast in June and the jobless rate stayed at 8.2 percent as the economic outlook dimmed.
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Bloomberg
Canada Unemployment Rate Falls to 7.2% on Public Jobs
Bloomberg
Canada's unemployment rate unexpectedly fell in June as employers added jobs for a fourth consecutive month and increased wages at the fastest pace in almost three years.
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SCOTUSblog examines how CNN and Fox News got the health care ...
By Jim
Meanwhile, Bloomberg was the first with an alert — “OBAMA'S HEALTH-CARE OVERHAUL UPHELD BY U.S.SUPREME COURT” — and gets it right. ... Bloomberg News says it was first with the health care ruling (JimRomenesko.com) ...
JIMROMENESKO.COM
Bloomberg Wants The Minimum NYC Apartment To Be Smaller ...
By Michael Musto
Welcome to blogs.villagevoice.com. Blogs. Entire Site; Articles & Blogs; Restaurants; Places; Events; Music; Images; Ads; Bars; Best Of; Movies. NEWS · CALENDAR · MUSIC · RESTAURANTS · ARTS · FILM · BEST OF · PROMOTIONS ...
La Daily Musto
Morning Media Newsfeed 07.10.12 - Media News - mediabistro.com
TVNewser Perceptive Pixel produced the "Magic Wall" that started the whole cable news touchscreen craze on CNN back in 2008. ABC, Bloomberg, ESPN, Fox News, Univision and The WeatherChannel also use displays from the company.
mediabistro.com: Media News
Opening Bell: 07.10.12 « Dealbreaker: Wall Street Insider ...
By Dealbreaker
The losses were led by a 7.9 percent drop in his Advantage Plus Fund, according to an update to investors obtained by Bloomberg News. That leaves the fund, which seeks to profit from corporate events such as takeovers and bankruptcies ...
Dealbreaker
Canada Studying Private Firms for Prisons as Budgets - Bloomberg
... obtained by Bloomberg News under Canada's freedom-of-information law. ... Toews said April 19 the government would save C$120 million per year by ...
sfgate.bloomberg.com/SFChronicle/Story?docId=1376...
Patriot Coal Bankruptcy Filing Is Said to Come - adr.com | Markets ...
Citigroup Inc . (C), Barclays PLC (BCS) and Bank of America Corp . ... Full story athttp://www.bloomberg.com/news/2012-07-09/patriot-said-to-get-funding- ...
https://www.adr.com/Markets/GlobalNewsStory?docID=1...
Canada Dollar Rises as Crude Oil Climbs Amid Rate ... - Bloomberg
The loonie, as the currency is nicknamed, rallied versus most of its 16 major peers as the European Central Bank is forecast to cut interest rates this week.
mobile.bloomberg.com/.../canada-dollar-rises-as-crude-oil-cli...
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