Today: BLOOMBERG News, Aug 14, 2011

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Aug 14, 2011

BLOOMBERG News, Aug 14, 2011


Tammerlin Drummond: Could New York hold lessons for Oakland?
San Jose Mercury News
Mayor Michael Bloomberg's administration is planning far-reaching measures to help young black and Latino men, and the mayor himself will finance a quarter of it. (Tina Fineberg/The New York Times) New York City has more than 8 million people. ...
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Texas Governor Perry Announces He Will Run for 2012 Republican Nomination
Bloomberg
9 (Bloomberg) -- Al Hunt, executive editor at Bloomberg News, talks about President Barack Obama's response to the US debt rating downgrade and its potential implications for the 2012 presidential election. Hunt, speaking on Bloomberg Television's ...
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Canadian Dollar Declines for a Third Week on Signs Global Economy Slowing
Bloomberg
11 to 2.29 percent, the lowest in Bloomberg records beginning in 1989. The two-year yield fell 14 basis points to 0.93 percent after touching a record low 0.783 percent on Aug. 9. Canada sold C$3 billion ($3 billion) of three-year debt on Aug. ...
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Obama Confers with Abdullah, Cameron on Syria; Dozens Killed in Past Week
Bloomberg
The revolt against Assad's rule began in March after the leaders of Tunisia and Egypt were toppled in uprisings and unrest spread to Bahrain and Yemen. To contact the reporter on this story: Roxana Tiron in Washington at rtiron@bloomberg.net.
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Commonwealth's Norris Says 'Substantial' Rate Cuts Unlikely in Australia
Bloomberg
... to counter a global credit freeze that followed the collapse of Lehman Brothers Holdings Inc. He then raised rates seven times beginning October 2009. To contact the reporter on this story: Sarah McDonald in Sydney at smcdonald23@bloomberg.net.
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SNB, Government in Talks Over Franc Target, SonntagsZeitung Says
BusinessWeek
14 (Bloomberg) -- The Swiss National Bank and the government are in “intense” talks over a possible target for the Swiss franc, SonntagsZeitung newspaper reported, citing unidentified people close to the situation. The plans are “ready,” and the SNB ...
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State Bank of India Net Drops 46%, More Than Expected, on Loan Provisions
Bloomberg
That compared with the 20.2 billion rupee median of 26 estimates compiled by Bloomberg. The lender reported a 99 percent plunge in profit in the quarter ended March after it increased provisions. “The increase in bad loans is an indication of the ...
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Libyan Rebels' Claims That Town of Al-Zawiya Was Taken Disputed by Regime
Bloomberg
... in February and were met by a crackdown by Qaddafi. A month later, the North Atlantic Treaty Organization began an air campaign aimed at protecting civilians. To contact the reporter on this story: Roxana Tiron in Washington at rtiron@bloomberg.net.
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Huawei unveils UK smartphone launch plans
FierceWireless
Mark Mitchinson, the company's UK executive vice president, said that he is targeting a market share of 4 per cent to 5 per cent within 12 months, but admitted in an interview with Bloomberg, "We're trying to establish the brand, almost from scratch. ...
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Saudi Shares Rally to One-Week Intraday High After U.S Retail Sales Data
Bloomberg
A US report yesterday showed retail sales climbed 0.5 percent in July, matching the median forecast of 81 economists surveyed by Bloomberg News. The S&P 500 rallied 5.2 percent in the final two days of the week, its biggest back-to-back gain since ...
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Drake & Scull, Union Properties: Persian Gulf Equity Preview
Bloomberg
... tumbled 9.9 percent to 0.308 dinar when they last traded on Aug. 7. -- With assistance from Zahra Hankir in Dubai. Editors: Claudia Maedler, Shaji Mathew To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net.
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SF sushi among most expensive
San Francisco Chronicle
That's where San Francisco ranks among the cities with the most expensive sushi, according toBloomberg's sushinomics cost-of-living index. The measure, which uses 100 points as its average, tracks the cost of spicy tuna and California rolls at ...
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Rash of new US insider stock buying
BusinessLIVE
As US stocks plummeted 25% below their 50-year average, Bloomberg reported that at least 66 executives at companies that form part of the Standard & Poor's 500 index had bought their companies' shares. This is the most since March 2009 when the S&P 500 ...
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BusinessLIVE
US political duopoly is failing
Philadelphia Inquirer
David Petraeus-Michael Bloomberg ticket. (Bloomberg's name has been floated for higher office every year since 2006, often by Bloomberg.) But for now, that scenario seems as solid as skywriting. All we know for sure in these dolorous dog days is that ...
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Plax on HBO: Didn't know who Bloomberg was
Newsday (subscription)
Click here Plax on HBO: Didn't know who Bloomberg was Originally published: August 13, 2011 3:10 PM Updated: August 13, 2011 8:04 PM By NEIL BEST neil.best@newsday.com If the Jets fulfill Rex Ryan's annual prediction and win the Super Bowl, ...
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Newsday (subscription)
No (expletive) -- it appears Burress didn't learn from mistakes
CBSSports.com
When told of Mayor Michael Bloomberg's hardened stance against him, Burress responded, 'Who is Mayor Bloomberg?' (US Presswire) "I don't take (expletive) from anyone either, unless my dumb ass went to prison for shooting myself in a crowded nightclub. ...
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CBSSports.com
Gillibrand Urges Feds To Support NYC s Formal Challenge To 2010 Census Figures
PoliticalNews.me (press release)
New York, NY – After Mayor Michael R. Bloomberg submitted New York City's initial submission to the US Census Bureau formally challenging new 2010 figures released earlier this year that appear to significantly undercount New York City communities, ...
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Maltese Ship Freed Six Months After Hijacking by Somali Pirates
Bloomberg
... miles from the island of Masirah while en route to Singapore from Fujairah in the United Arab Emirates. The statement didn't say whether a ransom was paid. To contact the reporter on this story: Sarah Shannon in London at sshannon4@bloomberg.net.
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Mwana Zimbabwe Gold Mine Beats Quarterly Target, Daily News Says
Bloomberg
To contact the reporter on this story: Brian Latham in Johannesburg at blatham@bloomberg.net. To contact the editor responsible for this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net.
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Perry Joins Republican Presidential Race as Iowa Straw Poll Held
San Francisco Chronicle
13 (Bloomberg) -- Texas Governor Rick Perry officially entered the race for the Republican presidential nomination as a closely watched straw poll today in Ames, Iowa, tests the popularity and organizational ability of his rivals. ...
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Issue of radiation-tainted food in Japan escalates
Vancouver Sun
By Naoko Fujimura and Chris Cooper, Bloomberg August 13, 2011 11:17 PM Tokyo Electric Power Co.'s Fukushima Daiichi Nuclear Power Plan's No.1 (C) and No.2 (L) reactors are seen in Fukushima Prefecture, northeastern Japan, in this photo taken March 31 ...
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Will Bank of Mom and Dad cover college?
Tbo.com
By RYAN MAC | Bloomberg News About half of Americans with assets of more than $250000 say they won't pay the entire tab for their children's college education, according to Bank of America. About 47 percent of those surveyed in the Merrill Lynch ...
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Italy Approves $64 Billion Plan to Balance Budget by 2013
BusinessWeek
13 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi's Cabinet approved 45.5 billion euros ($64 billion) in deficit cuts to balance the budget and try to convince investors the country can tame the region's second-biggest debt. ...
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Bradley, Dufner, Senden Tied at PGA Golf; Mickelson Is 3 Back
San Francisco Chronicle
13 (Bloomberg) -- Keegan Bradley, Jason Dufner and John Senden are tied for the lead in the third round of the US PGA Championship, where Luke Donald, Phil Mickelson and David Toms have all moved within at least three shots of the lead. ...
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Foreclosure reforms may be coming to a head
Los Angeles Times
(Joshua Lott, Bloomberg / June 29, 2011) By Michael Hiltzik We are now in the fifth year of a housing crisis in which more than 3 million Americans have lost their homes to foreclosure, with millions more still at risk. Every initiative — government ...
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Los Angeles Times
Washington sets out to slay its debt monster
Telegraph.co.uk
Photo: Bloomberg News By Richard Blackden, US Business Editor 'It's a fantastic auction," exclaimed Bill O'Donnell from his desk on Royal Bank of Scotland's vast trading floor in Stamford, Connecticut. It was early Wednesday afternoon and there was ...
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South Korea, China considering free trade agreement
Chicago Daily Herald
By Bloomberg News South Korea and China are considering starting negotiations for a free trade agreement to increase the export of goods and services between the two countries, South Korean Trade Minister Kim Jong Hoon said. ...
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Strasburg's Minor-League Rehab Has Teams Counting Windfall
San Francisco Chronicle
12 (Bloomberg) -- Stephen Strasburg's pitching appearance with one of the Washington Nationals' minor-league teams tonight will light up the bottom line almost as much as Fourth of July fireworks. A sellout crowd of 9000 is paying $8 to $14 for tickets ...
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Woods Ends PGA 2nd Round 10 Over Par, Misses Cut by 6 Shots
San Francisco Chronicle
12 (Bloomberg) -- Tiger Woods finished his second round of the US PGA Championship at 10 over par and missed the cut by six strokes at the season's final major tournament. Only the top 70 players, plus ties, moved on to weekend play at Atlanta Athletic ...
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Plax says he didn't know who Bloomberg was
Newsday (subscription)
Click here Plax says he didn't know who Bloomberg was Published: August 13, 2011 3:10 PM By NEIL BEST neil.best@newsday.com If the Jets fulfill Rex Ryan's annual prediction and win the Super Bowl this season, introductions might be in order at the ...
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Newsday (subscription)
Our view: Political unity would aid country
Post-Tribune
That very thought was repeated last week by New York City Mayor Michael Bloomberg, an Independent. “For better or worse, no matter what your political persuasion is, the president is our president. We have to get behind the president,” Bloomberg said ...
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Citroen revival of DS seen winning German drivers
Chicago Daily Herald
By Bloomberg News PSA Peugeot Citroen is expanding the DS line of upscale cars to challenge Bayerische Motoren Werke AG and Volkswagen AG's Audi with lower-priced French alternatives. Peugeot Citroen, Europe's second-biggest carmaker after VW, ...
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The World's Money Is Draining Away ... Where's It Going?
The Market Oracle
Bloomberg's Jonathan Weil hints at the answer in a post entitled "Is There Enough Money on Earth to Save the Banks?" Two years ago the central planners convinced investors that the biggest surviving financial institutions would be able to earn their ...
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Sunday Breakfast Menu, August 14
New York Times (blog)
Mrs. Bachmann will be featured on ABC's “This Week,” Bloomberg's “Political Capital,” CBS's “Face the Nation,” CNN's “State of the Union,” “Fox News Sunday” and NBC's “Meet the Press.” Former Minnesota Governor Tim Pawlenty will also drop by ABC, ...
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Review: Hot red mystery car Is Kia Optima
Chicago Daily Herald
By Jason H. Harper, Bloomberg News With a 200-mile, one-day round trip ahead of me, I was in the mood for a fast, luxurious ride. I looked at my schedule to see which car I was testing that day. When I arrived at my underground garage, ...
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Rise in palm oil price reflects high demand
gulfnews.com
India, the world's largest palm oil buyer, may boost imports to a record, gaining 10 per cent to about 7 million tonnes in the year ending October 31 from a year ago, as rising incomes boost demand for processed food, according to a Bloomberg News ...
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US workers are the victims of a speedup
Los Angeles Times
(Scott Eells / Bloomberg) By Monika Bauerlein and Clara Jeffery Mind racing at 4 am? Guiltily realizing you've been only half-listening to your child for the past hour? Checking work email at a stoplight, at the dinner table, in bed? ...
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Los Angeles Times
Rumor: Angry Birds may be worth $1.2 billion in entertainment explosion deal
Joystiq
by Jessica Conditt on Aug 13th 2011 8:30PM Angry Birds developer Rovio is out to prove money really can't buy happiness, with a deal to receive funding that would make the company worth $1.2 billion, Bloomberg rumors. Rovio wants to expand the ...
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Would you climb any mountain to get into MBA program of your dreams?
Washington Post
Attending a top-ranked MBA program, such as one in the top 15 of Bloomberg Businessweek's survey, can pay off handsomely over a career. “It's the promise of the golden ticket,” says Shawn Berry, president of PerfectGMAT, a test-prep company. ...
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Ostrow: The news swings along with the stock market
Denver Post
On Bloomberg, the analysts can't see any bottom yet. The debate is whether we're in a recession already, or merely sliding that way. And guess who comes out smelling like a rose in a quarterly revenue report? News Corp.! The Murdochs shrugged off the ...
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City envisions stunning St. Georg
SILive.com
Mayor Michael Bloomberg and other city officials yesterday issued a Request for Expressions of Interest (RFEI) for the city-owned parcels on the waterfront near the St. George Ferry Terminal, currently being used as parking for the ferry and the ...
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SILive.com
High-Frequency Firms Triple Trades in Rout - Fullermoney
Proactive Investors UK
High-Frequency Firms Triple Trades in Rout - I mentioned high-frequency trading in my introduction yesterday and was interested to see this article from Bloomberg this morning. Here is a section: The stock market's fastest electronic firms boosted ...
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Tax breaks for tracks back on table?
SunHerald.com
Short-line railroads, American Samoa and owners of NASCAR tracks are among a diverse group that may encounter added resistance in a drive to protect billions of dollars in US tax breaks,Bloomberg.com reports. More racing news, blogs, photos and more ...
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Inflation Probably Stabilized in July: U.S. Economy Preview ...
By admin
Consumer prices excluding volatile food and fuel costs climbed 0.2 percent, the smallest gain in three months, according to the median forecast in a Bloomberg News survey of economists before Labor Department data on Aug. 18. ...
InvestRealBig.com
SEC Reviews S&P Downgrade Analysis Method - Business News - ABC ...
By Rebecca Fenton
Bloomberg News reports that the SEC is investigating the S&P's means of reaching their calculated downgrade—that U.S. officials allege is a flawed analysis—that is being held accountable for wiping nearly $6.8 trillion from global stock ...
Business News - ABC News Radio
China's stocks advance for third day on easing economic concerns ...
By CBN
Stocks on the index trade at 11.9 times estimated earnings, the lowest since January 2006, according to weekly data compiled by Bloomberg. The CSI 300 Index increased 0.29 percent to 2875.36. “The stock market has almost priced in ...
China business news
Bloomberg TV Peeks Inside the TechStars Incubator - BusinessWeek
... insurance for entrepreneurs, and get updates on small biz news & trends. ... Our colleagues atBloomberg TV follow the teams at TechStars NYC this year. ...
www.businessweek.com/.../watch_techstars_on_bloomberg_tv...
Bloomberg Takes a Stand, Christian News
Mayor Michael Bloomberg on Friday defended the display of religious symbols, including the World Trade Center cross, at the 9/11 Memorial and Museum. ...
www.christianpost.com/news/bloomberg-takes-a-stand-53197/
Free bloomberg news shortcut Download - Bloomberg news shortcut ...
Free download bloomberg news shortcut Files at Software Informer - RiverGate RSS Reader 2.4 is a client program for retrieving latest news feeds from RSS ...
softwaretopic.informer.com/bloomberg-news-shortcut/
Bloomberg gives $30 million to men's program - US news - Giving ...
Billionaire Mayor Michael Bloomberg will kick in $30 million from his ... to a news release, while $24 million will go to a school program called the ...
www.msnbc.msn.com/.../bloomberg-gives-million-nyc-mens-...

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