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Aug 27, 2011

BLOOMBERG News, Aug 27, 2011


This Storm, Bloomberg Responds Differently
New York Times
By MICHAEL BARBARO Around 8 am on Friday, Mayor Michael R. Bloomberg received this startling piece of meteorological data: Instead of hitting New York at 3 am on Sunday, as forecasters had predicted, Hurricane Irene was expected to strike six hours ...
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German Stocks Fall, Paring Weekly Gain for Benchmark DAX Index
BusinessWeek
26 (Bloomberg) -- German stocks fell for a second day, paring a weekly gain, as disappointing data on US economic expansion overshadowed a prediction from Federal Reserve Chairman Ben S. Bernanke that growth will continue. Deutsche Bank AG, Commerzbank ...
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South Africa Must Be 'Vigilant' on Price Pressures, IMF Says
BusinessWeek
25 (Bloomberg) -- South Africa must be “vigilant” over rising price pressures in the economy that may warrant an interest rate increase earlier than expected, the International Monetary Fund said. A “pronounced” rise in wages and inflation expectations ...
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Treasuries Up on Bernanke, Europe; Record Low Yield at Note Sale
BusinessWeek
25 (Bloomberg) -- Treasuries rose as the US sold $29 billion in seven-year notes at a record low yield amid speculation Federal Reserve Chairman Ben S. Bernanke may disappoint investors betting on additional economic stimulus. ...
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Bloomberg Will Not Reconsider Decision to Exclude Clergy From 9/11 Anniversary
Fox News
AP By Judson Berger, Fox News New York City Mayor Michael Bloomberg will not reconsider his decision to exclude clergy from the ceremony marking 10 years since the Sept. 11 attacks, a spokesman said Friday. The statement comes despite increased ...
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Fox News
BNY Mellon Said to Plan Sale of Alcentra Unit Managing $17 Billion Assets
Bloomberg
Photographer: Jonathan Fickies/Bloomberg Bank of New York Mellon Corp. (BK) is seeking buyers for its Alcentra unit, which manages $17 billion of loans and high-yield bonds, according to four people with direct knowledge of the plan. ...
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NYC Mayor Orders Mandatory Evacuation From Low-Lying Areas
Bloomberg
Photographer: Seth Wenig/AP New York City Mayor Michael Bloomberg ordered residents of low-lying coastal areas to leave their homes in advance of Hurricane Irene's arrival Sunday, the first time a mandatory evacuation order has been imposed. ...
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U.S. Michigan Consumer Sentiment Index Dropped to 55.7 in August From 63.7
Bloomberg
Photographer: Scott Eells/Bloomberg Confidence among US consumers dropped in August to the lowest level since November 2008, pointing to little pickup the biggest part of the economy. The Thomson Reuters/University of Michigan final index of consumer ...
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NYC Starts MANDATORY EVACUATION Of All New Yorkers In Zone A
Gothamist
Mayor Bloomberg said the city would start a mandatory evacuation of residents in Zone A areas—this includes Brooklyn's Coney Island and Manhattan Beach, Far Rockaway and Broad Channel in Queens, South Beach, Midland Beach, and other low-lying areas on ...
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Gothamist
Bloomberg Case: Open Season to Discriminate Against Mothers?
Huffington Post
When Sekiko Garrison told former boss Michael Bloomberg she was pregnant, his answer, she alleges, was simple: "Kill it!" Allowing mothers flexible work arrangements, he reportedly commented, was like allowing a man time off to practice his golf swing. ...
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Son to Stay, Dad Leaving as Hurricane Irene Aims for North Carolina Coast
Bloomberg
Photographer: Ted Richardson/Bloomberg Aug. 26 (Bloomberg) -- Eric Wanenchak, a forecaster at AccuWeather Inc., talks about Hurricane Irene, which is projected to strike deeper into North Carolina before making landfalls on the Delmarva Peninsula and ...
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Bloomberg 13:30 Budget for U.S. Newspapers, Aug. 26
San Francisco Chronicle
Editors: Bloomberg News moves a combined business/general news budget at 13:30 New York time each business day. Graphics and photos can be found at www.bloomberg.com/photos or www.bloomberg.com/newsfeed. Stories identified with the prefix PUBLISH in ...
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VIX Snaps Four-Week Streak of Gains as Bernanke Takes No Action
San Francisco Chronicle
26 (Bloomberg) -- The benchmark index for US stock options posted its first drop in five weeks, halting the longest streak of increases since October 2008, after Reserve Chairman Ben S. Bernanke indicated the economy isn't deteriorating enough to ...
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NYSE Weighs Shutdown Options as Irene Risk Closes Subways
Bloomberg
“If we can open here but none of our customers can get to their desks, it really doesn't make a lot of sense to open the exchange,” Louis Pastina, senior vice president for NYSE Euronext (NYX), said in a Bloomberg Television interview. ...
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TCW CEO Stern Says Gundlach's Firing Had to Be 'Surprise'
BusinessWeek
25 (Bloomberg) -- TCW Group Inc. Chief Executive Officer Marc Stern testified that the firing of Jeffrey Gundlach, who was the asset management firm's chief investment officer, had to be done in a way that made it a surprise. ...
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Asian Currencies Decline, Led by Rupee and Baht, on Concern Growth Slowing
Bloomberg
The US economy grew at a 1 percent annual rate in the second quarter, compared with a previous estimate of 1.3 percent, according to the median forecast of economists in a Bloomberg survey. The Dollar Index traded on ICE Futures in New York fell this ...
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Swiss Stocks Decline for First Day in Four; Novartis Retreats
BusinessWeek
25 (Bloomberg) -- Swiss stocks declined for the first day in four after US jobless claims climbed more than expected and speculation mounted that regulators will impose further restrictions on equity markets. Health-care companies led losses, ...
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China Orders Banks to Lock Up More Cash, Bank of America Says
Bloomberg
By Bloomberg News - Sat Aug 27 00:49:52 GMT 2011 China's central bank broadened lenders' reserve requirements to cover margin deposits, a move that may drain 900 billion yuan ($140 billion) from the banking system over six months, Bank of America ...
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Diageo Kenyan Unit's Profit Rise 2%; Inflation Cuts Spending
BusinessWeek
26 (Bloomberg) -- Diageo Plc's Kenyan unit said full- year profit climbed 2 percent even as rising inflation in East Africa and drought cut consumer spending. Net income increased to 7.35 billion shillings ($79 million), or 9.3 shillings per share, ...
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Bloomberg adds BNA in $990M transaction
The Daily Deal
by Chris Nolter | Published August 25, 2011 at 5:19 PM Financial media companyBloomberg LP said Thursday that it will spend $990 million to expand its legal and regulatory presence through the acquisition of Bureau of National Affairs Inc. BNA, ...
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The Daily Deal
Amtrak Cancels Northeast Trains for Sunday as Irene Nears
Bloomberg
26 (Bloomberg) -- Angela Fritz, atmospheric scientist at Weather Underground, and Matt Rogers, meteorologist at Commodity Weather Group, talk about the outlook for damage that could be caused by Hurricane Irene. They speak with Pimm Fox on Bloomberg ...
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Feldstein Sees 'Better-Than-Even' Odds of Recession as Jobs, Output Slump
Bloomberg
26 (Bloomberg) -- Martin Feldstein, an economics professor at Harvard University, talks about the outlook for the US economy. He speaks with Michael McKee on Bloomberg Television's "Street Smart." (Source: Bloomberg) The US economy may slip back into a ...
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Bernanke Scholar Advises Bernanke Fed Chief to Be Bold on Monetary Policy
Bloomberg
26 (Bloomberg) -- James Shugg, a senior economist at Westpac Banking Corp., talks about Federal Reserve monetary policy and the European debt crisis. He speaks with Maryam Nemazee and Manus Cranny on Bloomberg Television's “The Pulse. ...
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Brazil's Unemployment Falls to 6%, Lowest Level This Year
BusinessWeek
25 (Bloomberg) -- Brazil's unemployment rate fell to its lowest level this year, undercutting bets that policy makers will reduce borrowing costs. Yields on interest rate futures jumped. Joblessness fell to 6 percent in July from 6.2 percent the month ...
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Hurricane Irene Generates Anxiety And Disbelief On Coney Island
Huffington Post
On Friday afternoon Mayor Michael Bloomberg updated New Yorkers from City Hall in Manhattan on Hurricane Irene's progress. "The sun is shining, but don't be misled. There is a very dangerous storm headed in our direction," Bloomberg said. ...
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Dollar Financial, Krispy Kreme, Micros: U.S. Equity Movers
San Francisco Chronicle
26 (Bloomberg) -- Shares of the following companies are having unusual moves in US trading. Stock symbols are in parentheses and prices are as of 1:50 pm in New York. Aruba Networks Inc. (ARUN US) climbed 21 percent to $20.77 for the biggest gain in ...
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Hurricane Irene: Country Worries, NYC Parties
AllMediaNY
While President Obama and Mayor Bloomberg are freaking out the rest of the country, New Yorkers are doing what they do best—getting their party on. Waiting for half an hour in what seems like mile-long grocery store check-out lines will be the norm...
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AllMediaNY
Brazilian Futures Yields Tumble Ahead of Central Bank Meeting
San Francisco Chronicle
26 (Bloomberg) -- Yields on Brazilian interest-rate futures contracts sank amid increased speculation that policy makers will move to cut interest rates for the first time in more than two years at next week's monetary policy meeting. ...
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Apple: Bloomberg Speculates Acquisitions Could Increase
Barron's (blog)
By Tiernan Ray Bloomberg's Danielle Kucera and Rita Nazareth this morning pen an interesting bit of speculation on whether newly appointed Apple (AAPL) CEO Tim Cook may use Apple's cash more freely than did Steve Jobs given that Apple spent less than a ...
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Judge: Bloomberg Did Not Discriminate Against Women
Blogcritics.org (blog)
The judge who ruled that Bloomberg LP did not illegally discriminate against women for taking pregnancy leave raised an important policy question in her written opinion. Judge Preska did not drop "an anvil…on the work-life balance scale," despite ...
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Blogcritics.org (blog)
Restructuring Could Be Coming For Clearwire
Forbes
Bloomberg said a debt restructuring is one of several options the company is looking at. CEO John Stanton had said earlier in the month that the company was looking at an array of strategic alternatives Bloomberg noted. A report on August 19 said that ...
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U.S. Economy: Recovery Sputters, Consumer Confidence Sinks
San Francisco Chronicle
26 (Bloomberg) -- The US economy expanded less than previously estimated in the second quarter, underscoring the weakness that has prompted the Federal Reserve to mark down its growth forecasts. Gross domestic product climbed at a 1 percent annual rate ...
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Boeing Board Weighs 737 Upgrade Next Week – Bloomberg | Wall ...
By Google Inc.
Bloomberg Boeing Co. (BA) has customers lined up for an upgrade of its best-selling 737 with more fuel-efficient engines as it awaits board approval for the project as soon as Aug. ... Boeing names Conner commercial sales chiefReuters. Boeing ... all 35 news articles ». Short URL: http://www.wallst.net/?p=242722. 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
Referendums, recalls loom larger in state politics - Politics in ...
By Bloomberg News
Trend is byproduct of polarization and discontent, observers say By Esme E. Deprez and William McQuillen Bloomberg News More than 14 months before the next general election, voters fed-up with state lawmakers are taking matters into ...
Politics in Minnesota
Boeing Board Weighs 737 Upgrade Next Week – Bloomberg ...
By topic:nasdaq - Google News
Financial Newsbusiness news. Stock Market, Forex, Commodities, Business news. Recent Posts. Finnish PM urges swift decision on ... Live Blog Stats. financial news finance news. Boeing Board Weighs 737 Upgrade Next Week – Bloomberg ...
Financial News
MonitorDaily - News – Bloomberg: Bernanke Doesn't Signal More ...
By lisagoetz
Bloomberg reports that Federal Reserve Chairman Ben Bernanke said in a speech to central bankers and economists at a forum in Jackson Hole, WY that the central bank still has tools to stimulate a recovery that has been weaker than ...
MonitorDaily
Bloomberg to Acquire BNA | Intuit ProLine News Central
By Intuit Staff
Professional financial accounting & tax accounting solutions from Intuit help you save time and money and serve your accounting, bookkeeping & tax clients better.
Intuit ProLine News Central
Bloomberg bans God at 9/11 memorial : USACTION NEWS
By Editor
Latest news, information, research resources, events, commentary, articles and videos from leading columnists sources world wide.
USACTION NEWS
UPDATE: Mayor Bloomberg Issues Mandatory ... - Fox News Insider
By Fox News Insider
In a press conference in New York City on Friday afternoon, Mayor Bloomberg informer New Yorkers that he has issues a mandatory evacuation on Friday all residents living in low-lying areas of the city. “The sun is shining but don't be misled,” ...
Fox News Insider
Mayor Bloomberg Orders Mass Evacuation in NYC Before Hurricane ...
New York City Mayor Michael Bloomberg has ordered a mandatory evacuation by 5 p.m. Saturday in the areas of NYC lost likely to be affected by Hurricane Irene, marking the first time the city has ever ordered a mass evacuation.
Christianpost.com > Homepage
Mike Bloomberg Says 'Stay Indoors' Sunday; Mandatory Evacuation ...
By Jen Doll
In a press conference happening now, Mike Bloomberg is addressing the city regarding Hurricane Irene. He says it's basically coming... ... Go to Runnin' Scared for all our latest news coverage. Write Comment · Email to Friend · Print Article ...
Runnin' Scared
Michael Bloomberg Orders Mandatory ... - Morrison World News
By admin
http://www.telegraph.co.uk/news/worldnews/northamerica/usa/8726377/Michael-Bloomberg-orders-mandatory-evacuation-as-New-Yorkers-prepare-for-Hurricane-Irene.html. You must be logged in to post a comment Login. Advertisement ...
Morrison World News
Education Leaders Spar Over Mayor Michael Bloomberg's New York ...
By Jon Lentz
Mayor Michael Bloomberg's leadership of the city's education system has been flawed in many ways, but mayoral control of the public schools has helped the city overall, a number of education advocates said at a panel discussion yesterday.
City Hall
In India, Drug Reps Get 20 Seconds With A Doc | Fresh Pharm News
By admin
“They often come pleading to me, asking me to prescribe their company's drugs,” Bombay Hospital cardiologist PL Tiwari tells Bloomberg News. “I only give them 20 seconds or a minute. You can't stop your consultation to entertain them… ...
Fresh Pharm News
New York Mayor Michael Bloomberg Calls for Evacuation of Over ...
Nearly 300000 people were ordered Friday to evacuate flood-prone areas and subways, buses and trains prepared to shut down a day later as Hurricane Irene steamed toward New York, the most powerful storm to target the city in decades.
BCNN1 - Black Christian News
Opening Bell: 08.26.11 « Dealbreaker: Wall Street Insider ...
By Dealbreaker
“When I read some of the press this weekend, I realized a rational person could read this stuff and wrongly conclude that we're in trouble,” Mason wrote in a memo sent to employees yesterday and obtained by Bloomberg News. “The irony is ...
Dealbreaker
Carson Block of Muddy Waters: Sino-Forest stock is a 'zero ...
By Daniel
InvestmentWatch – The best source of news, analysis, and intelligent discussion · By EmailPosts ...Carson Block of Muddy Waters Research spoke to Bloomberg Television's Julie Hyman this afternoon regarding Sino-Forest. **MANDATORY ...
InvestmentWatch - The best source...
Gohmert Sounds Off on Bloomberg Move
By News Staff
The Best News, Talk, Sports on the Web! ... Either Mayor Bloomberg and the memorial leaders are far smarter than the genius of Ben Franklin, or they too should be asked, 'Do we imagine that we no longer need God's assistance?' “When the ...
KTBB News, Talk, Sports » Local News
Harrisburg Gets No Bailout If Plan Is Rejected, Pennsylvania ...
By Pennsylvania News
PA Blog – Pennsylvania News Headlines, Commentary & More · Home · Advertising · Automotive · Bed and ... Harrisburg Gets No Bailout If Plan Is Rejected, Pennsylvania Governor Says –Bloomberg. August 26, 2011. By Pennsylvania News ...
PA Blog - Pennsylvania News Headlines...
Revise tax code, Chamber tells deficit panel | The Journal Gazette ...
Richard Rubin | Bloomberg News. WASHINGTON – The U.S. Chamber of Commerce is urging the new congressional deficit-reduction committee to overhaul ...
www.journalgazette.net/article/20110821/BIZ13/.../1031/BIZ

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