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Aug 13, 2011

BLOOMBERG News, Aug 13, 2011


Sex Education Ruling Elicits Praise, Scorn
Wall Street Journal
By MICHAEL HOWARD SAUL And LISA FLEISHER Mayor Michael Bloomberg defended the city's decision to reintroduce a sex-education class requirement into the nation's largest public school system, declaring on Friday that parents have failed to teach their ...
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Darda Prefers Utilities, Consumer Staples in Down Market
Washington Post
12 (Bloomberg) -- Michael Darda, chief economist at MKM Partners LP, talks about the outlook for the stock market, Treasury notes and the US economy. Darda speaks with Julie Hyman onBloomberg Television's "Bottom Line. ...
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Bachmann Says Entitlements Should Be Cut
Bloomberg
12 (Bloomberg) -- US Representative Michele Bachmann of Minnesota, who's seeking the Republican Party's presidential nomination in 2012, talks with Bloomberg's Al Hunt about her plans to cut the federal budget deficit. Bloomberg's John McCormick ...
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US 10-Year Yield Weekly Drop Is Most Since 2008 on Fed Slow-Growth View
Bloomberg
Ten-year yields declined nine basis points to 2.26 percent as of 5:02 pm in New York, according toBloomberg Bond Trader prices. The 2.125 percent note maturing in August 2021 rose 24/32, or $7.50 per $1000 face amount, to 98 27/32. ...
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Mayor Bloomberg on debt crisis: Don't just tax the rich, tax everyone!
New York Daily News
BY Erin Einhorn Mayor Michael Bloomberg doesn't think the rich should be singled out for tax hikes. Who should be taxed more to help ease budget shortfalls? If MayorBloomberg were president, he'd tax 'em all - not just the rich. ...
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New York Daily News
Canadian Stocks Climb After U.S. Reports Retail-Sales Increase
San Francisco Chronicle
12 (Bloomberg) -- Canadian stocks rose, completing their biggest weekly gain since July 2010, as medium-sized energy companies advanced after the US reported an increase in retail sales. Baytex Energy Corp., a western Canadian oil and gas producer, ...
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Bovespa Posts Weekly Advance on Steelmakers Rally, Rate Outlook
San Francisco Chronicle
12 (Bloomberg) -- The Bovespa stock index posted its first weekly gain in three as steelmakers rallied on speculation recent declines were excessive and traders cut bets for higher borrowing costs in Brazil. Usinas Siderurgicas de Minas Gerais SA, ...
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"Angry Birds" worth $1.2 billion?
CNN (blog)
Rovio Entertainment Oy, the company behind the “Angry Birds” mobile-phone game, is reportedly in discussions to receive funding that would value the company at around $1.2 billion, Bloombergreports. In the game, players help a group of ...
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Size matters, New York tells Census Bureau
Los Angeles Times
Mayor Michael Bloomberg and others say the number is about 8.4 million, and they base their estimate on housing statistics and other data collected by city officials. Unless the numbers are adjusted upward, they say, the city could miss out on hundreds ...
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Treasury Yields Plunge to Record Lows on Fed's Slow-Economic-Growth View
Bloomberg
5, according to Bloomberg Bond Trader prices, the biggest drop on an intraday basis since December 2008. The 2.125 percent securities maturing in August 2021 finished the week at 98 27/32. It sold at a yield of 2.14 percent at the Aug. 10 auction. ...
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Citadel Raises Evercore Stake as Griffin Disbands Own Bank
San Francisco Chronicle
12 (Bloomberg) -- Citadel LLC, the $11 billion hedge fund run by Ken Griffin, raised its stake in Evercore Partners Inc. to 5.2 percent as it ends a three-year effort to build its own investment bank. Citadel holds 1.38 million shares of Evercore, ...
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Bally Technologies, DeVry, MannKind, TiVo: U.S. Equity Movers
San Francisco Chronicle
12 (Bloomberg) -- Shares of the following companies had unusual moves in US trading. Stock symbols are in parentheses, and prices are as of 4 pm in New York. A123 Systems Inc. (AONE US) slid 9.8 percent to $4.15. The lithium-ion battery maker was cut ...
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High-Frequency Firms Triple Trades in Rout
Bloomberg
Photographer: Jin Lee/Bloomberg The stock market's fastest electronic firms boosted trading threefold during the rout that erased $2.2 trillion from US equity values, stepping up strategies that profit from volatility, according to one of their biggest ...
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Hong Kong Stocks Rise on U.S. Jobless Report; Li & Fung Surges
Bloomberg
12 (Bloomberg) -- Li & Fung Ltd. Chief Executive Officer Bruce Rockowitz speaks about the company's financial results and business strategy. Li & Fung, the world's biggest supplier of clothes and toys to retailers including Wal-Mart Stores Inc., ...
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SEC Reviews S&P Math, Possible Leak of Rating
Bloomberg
The yield declined nine basis points to 2.26 percent as of 5:02 pm yesterday in New York, according to Bloomberg Bond Trader prices. The downgrade followed an Aug. 2 agreement among US lawmakers to raise the nation's debt ceiling and put in place a ...
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Lundin Loses 42% Spurning Bids Needing 71% Premium: Real M&A
Bloomberg
Source: Lundin Mining Corp. via Bloomberg Work progresses in Lundin Mining Corp.'s Zinkgruvan zinc, lead and silver mine, in central Sweden. Work progresses in Lundin Mining Corp.'s Zinkgruvan zinc, lead and silver mine, in central Sweden. ...
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BofA's Moynihan Said to Press Geithner on Foreclosure Agreement
San Francisco Chronicle
12 (Bloomberg) -- Bank of America Corp. Chief Executive Officer Brian T. Moynihan met Treasury Secretary Timothy F. Geithner to press for a settlement of probes tied to the industry's shoddy foreclosure practices, said two people with direct knowledge ...
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Italian, Spanish Jump Most Since Euro Creation on ECB Buying
Bloomberg
Economists had forecast output to remain unchanged, the median of 30 estimates in a Bloomberg News survey showed. Investor confidence posted the steepest decline on record in August, the German research institute Sentix said on Aug. 8. ...
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Yen Approaches Postwar High on Demand for Safety; Australian Dollar Falls
Bloomberg
The Swiss franc rallied versus the dollar the next day by the most since at least 1971, whenBloomberg records begin, climbing as much as 6.3 percent as investors sought refuge. The franc plunged 6 percent versus the euro two days later in its biggest ...
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Mayor Bloomberg brags about undefeated City Hall softball team, jokes that ...
New York Daily News
BY Erin Einhorn Mayor Bloomberg says his undefeated City Hall softball team is so good that the woeful Mets might want some of his players. "There was a call, I'm told, from the Wilpons to see if we can go over to Citi Field and help them out," the ...
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New York Daily News
Debt Panel Outcome Is Clouded by Resistance From U.S. Lawmakers' Backers
Bloomberg
8 (Bloomberg) -- Alan Simpson, co-chairman of President Barack Obama's deficit reduction commission and a former Republican senator from Wyoming, talks about Standard & Poor's US credit rating downgrade. He speaks with Tom Keene on Bloomberg ...
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Growth Forecasts for U.S. Reduced Through 2013 on Limited Employment Gains
Bloomberg
Photographer: Matthew Staver/Bloomberg Aug. 11 (Bloomberg) -- Nouriel Roubini, a New York University professor and the co-founder of Nouriel Roubini Global Economics LLC, Mohamed El-Erian, chief executive officer at Pacific Investment Management Co., ...
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U.S. Consumer Sentiment Falls More Than Expected to 54.9 in Michigan Index
Bloomberg
12 (Bloomberg) -- Retail sales in the US climbed 0.5 percent in July, the most in four months, following a 0.3 percent increase June that was larger than previously estimated, the Commerce Department said today. Excluding auto sales, purchases rose ...
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Icahn eyes leaner drug research at Forest, Bloomberg reports
FierceBiotech
Alex Denner, a senior member of Icahn's organization, tells Bloomberg his boss wants Forest to focus on drugs for which primary-care docs write scripts. Denner's comments come less than a week before Forest shareholders determine the fate of the firm's ...
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Bank of America credit-default swaps lead surge in lender risk
Chicago Daily Herald
By Bloomberg News The cost to protect against a default by US banks rose and a benchmark gauge of corporate credit risk reached a 14-month high amid fear that Europe's debt crisis will infect the global financial system and sink the economy back into ...
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British Gilts Rise for Third Week; Yields Fall to Record Low
Bloomberg
11, the lowest since Bloomberg began collecting the data in January 1989. Yields on two-year notes rose 10 basis points in the week to 0.65 percent. Sterling fell 0.7 percent against the dollar this week to $1.6280. The pound declined 0.3 percent ...
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Tsingtao Brewery First-Half Net 989.9 Million Yuan Vs 813.9 Million Yuan
Bloomberg
By Bloomberg News - Fri Aug 12 16:28:05 GMT 2011 Tsingtao Brewery Co., China's second-largest brewer, said first-half profit rose 22 percent as it made more beer to cater to growing demand in the world's most populous nation. ...
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Health-Care Mandate Ruled Unconstitutional
Bloomberg
12 (Bloomberg) -- A federal appeals court struck down as unconstitutional the central provision of President Barack Obama's health-care law requiring most Americans get coverage, bringing the 2010 act ever-closer to the US Supreme Court. ...
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Ugandan Shilling Hits 18-Year Low, Has Fourth Weekly Drop on Dollar Demand
Bloomberg
... depreciated as much as 1.4 percent to 2817.5 per dollar, the weakest since June 1993, and traded 0.5 percent down at 2795 by 3:48 pm in the capital, Kampala, extending its drop this week to 4.5 percent, according to data compiled by Bloomberg. ...
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Bloomberg Daughter's Cyberstalker: "It's Ridiculous" I'm in Jail
NBC New York
CHICAGO - APRIL 16: Equestrian Georgina Bloomberg poses for a portrait during the 2008 US Olympic Team Media Summit at the Palmer House Hilton on April 16, 2008 in Chicago, Illinois. (Photo by Matthew Stockman/Getty Images) A 48-year-old Queens ...
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Fed's Dudley Reduces His Expectations for U.S. Economic Growth
Bloomberg
9 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, Alfred Broaddus, former president of the Federal Reserve Bank of Richmond, and Steven Rattner, former head of the US government's automotive task force, offer thier views on ...
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European Stocks Pare Declines, Euro Weakens – Bloomberg | Wall ...
By Google Inc.
European Stocks Pare Declines, Euro Weakens – Bloomberg. Share European Stocks Pare Declines, Euro Weakens Bloomberg A pedestrian walks past an electronic stock board outside a securities firm in Tokyo, Japan. A pedestrian walks past an ... all 51 news articles ». Short URL: http://www.wallst.net/?p=223381. Posted by Google Inc. . You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed....
Wall Street Financial News
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Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company's strength – delivering ...
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Bloomberg, Schwarzenegger: U.S. Must Modernize Its Infrastructure ...
With GDP languishing and job-creation rates well below what's needed to put the economy back on track, the key to recovery lies with American infrastructure.
Latest news from our site
USAGOLD News and Views » Blog Archive » U.S. Consumer Confidence ...
By News
The Thomson Reuters/University of Michigan preliminary index of consumer sentiment slumped to 54.9 from 63.7 the prior month. The gauge was projected to decline to 62, according to the median forecast in a Bloomberg News survey. ...
USAGOLD News and Views
More bad news Obama will try to blame on someone else | RedState
By bk (Profile)
The gauge was projected to decline to 62, according to the median forecast in a Bloomberg Newssurvey. This is the lowest figure since May 1980, the last time we had an ultraliberal President screwing up the country. ...
RedState
Some Question Mayor Bloomberg's Initiative to Help Young Black and ...
In an effort to close disparities which often prohibit any Black and Latino men from finding success, New York Mayor Michael Bloomberg rolled out a $127 million three-year assistance program which includes job placement, mentorships and ...
BCNN1 - Black Christian News
NYC Program For Young Black Men Draws Praise, Questions | News One
By Associated Press
Mayor Michael Bloomberg's announcement of a $127 million project to help young black and Latino men was met with praise, but also some criticism over its funding on Thursday.
News One
U.S. 10-Year Yield Weekly Drop Most Since 2008 on Fed's View ...
By admin
The 0.5 percent retail sales increase reported the Commerce Department in Washington today matched the median forecast of 81 economists surveyed Bloomberg News and followed a 0.3 percent increase in June that was larger than previously ...
InvestRealBig.com
Dow finishes wild week on an up note — Maine ... - Bangor Daily News
By UnBylined
By this week's standards, it was a sleeper. Friday ... Maine news, sports, politics and election results, and obituaries. The Bangor Daily News is your source for breaking news in Maine and up-to-the-second election results. ... Dow finishes wild week on an up note. By Rita Nazareth, Bloomberg News. Posted Aug. 12, 2011, at 9:18 p.m.. Last modified Aug. 12, 2011, at 9:54 p.m.. Print this · E-mail this · Facebook this · Tweet this ...
Bangor Daily News
Stocks rally as jobless claims fall | The Journal Gazette | Fort ...
By Rita Nazareth
Rita Nazareth | Bloomberg News. NEW YORK – Stocks rallied Thursday, reversing Wednesday's drop in the Standard & Poor's 500 Index, as a decline in jobless claims and better-than-estimated corporate earnings tempered concern Europe's ...
Business | Journal Gazette
Fuel Fix » Oil declines with mixed reports
By chron.com Energy
Natural gas for September delivery fell 4.8 cents to settle at $4.06 per million British thermal units. Prices climbed 3 percent this week, the first weekly gain in four. Bloomberg News contributed to this report. ...
Fuel Fix
Inside Gaming: Daily Video Gaming News Blog | Machinima.com ...
By Brian P Rubin
But today, Bloomberg reported some news that may show me to be a fool—and may show Rovio to be the BIRD-FLINGING GENIUS VISIONARIES they claim to be. According to the article onBloomberg, the Angry Birds auteurs are considering taking ...
Machinima.com Inside Gaming News
Kobe gets offer to play in China - PE.com - Sports Breaking News
By PE Sports
Lakers guard Kobe Bryant was offered $2 million per month to play basketball at a club in China, the Anatolia news agency reported. The proposed salary beat an offer from Turkish club Besiktas of $500000 per month, the state-run agency based in ... 8, where he made the offer to Bryant, Anatolia said. Demiroren said then that a final decision on the transfer would be clear within the week. —Bloomberg News. penews@PE.com. Categories: To Facebook Tags: Kobe Bryant, NBA ...
PE.com - Sports Breaking News
Social Media News: Skype for iPad, International Calling with ...
By Laura Christianson
Bloomberg: http://www.bloomberg.com/news/2011-07-08/linkedin-tops-myspace-to-become-second-largest-u-s-social-networking-site.html. As of June 2011, LinkedIn ranked as the #2 social network in the U.S. in terms of visitors. ...
Blogging Bistro
Scientists worry debt deal could hinder research - The Boston Globe
Scientists worry debt deal could hinder research. By Elizabeth Lopatto. Bloomberg News / August 7, 2011. E-mail this article. To: Invalid E-mail address ...
www.boston.com/.../scientists_worry_debt_deal_could_hinder...
Say Anything » Bloomberg News Still “Expecting” Miracles
Bloomberg News Still “Expecting” Miracles ... That is what I take away from yet another ridiculous one of Bloomberg News' claims of “unexpectedly” weak ...
sayanythingblog.com/.../bloomberg-news-still-expecting-mira...
Bank on It: A Food Bank Blog: Week in News: Bloomberg's Poverty ...
The blog for the Food Bank For New York City, the major hunger-relief organization for the five boroughs, Bank on It addresses topics related to hunger ...
www.foodbanknyc.org/.../Week-in-News-Bloombergs-Povert...
Misys, Fidelity Talks Collapse: Source - Bloomberg News
Misys, Fidelity Talks Collapse: Source - Bloomberg News.
www.nasdaq.com/aspx/company-news-story.aspx?...
Bloomberg News Wants British to Disclose Companies that Trade with ...
Bloomberg News is fighting a British government refusal to disclose the identities of companies that have traded with Iran, reports Roy Greenslade of The ...
www.benzinga.com/.../bloomberg-news-wants-british-to-discl...

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