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Nov 16, 2011

BLOOMBERG News, Nov 16, 2011


US Stocks Pare Drop on Economic Reports
Bloomberg
16 (Bloomberg) -- Mark Luschini, chief investment strategist at Janney Montgomery Scott LLC, discusses US stocks and investment strategy. Luschini speaks with Betty Liu and Dominic Chu on BloombergTelevision's “In the Loop.” (Source: Bloomberg) Nov. ...
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Bloomberg
Follow Occupy Wall Street
Salon
... undisciplined drumming (reportedly by a few drummers who, even after the General Assembly voted restrictions, insisted on their absolute right to drum whenever and wherever they liked—an unwitting echo of Michael Bloomberg's la ville, c'est moi). ...
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Euro Weakens as Italy's Biggest Bank to Seek Broader ECB Rules
San Francisco Chronicle
16 (Bloomberg) -- The euro fell to the weakest level in a month against the dollar as Italy's largest bank, UniCredit SpA, prepared to ask central-bank officials to broaden the types of assets accepted as collateral, while sovereign debt yields traded ...
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Temasek in Talks With BofA to Buy CCB Shares
Bloomberg
Photographer: Qilai Shen/Bloomberg Oct. 17 (Bloomberg) -- Mike Werner, a bank analyst at Sanford C. Bernstein & Co. in Hong Kong, talks about the Chinese banking industry. China's state-run Central Huijin Investment started buying shares in the ...
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Bloomberg
Sino-Forest Bonds Signal Timber Inflated by 100%: Canada Credit
San Francisco Chronicle
16 (Bloomberg) -- Sino-Forest Corp. bonds suggest investors assume the company inflated the value of timber holdings by about 100 percent even after the plantation operator said an independent committee refuted allegations of fraud, according to ...
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JPMorgan, Goldman Keep Italy Debt Risk in Dark
Bloomberg
16 (Bloomberg) -- Laurent Fransolet, head of European fixed-income strategy at Barclays Capital, talks about the outlook for Italian bond yields and the role of the European Central Bank in supporting indebted nations. He speaks from London with Maryam ...
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Bloomberg
Canada's Dollar Rises as Signs of U.S. Economic Recovery Buoy Confidence
Bloomberg
The price of the 3.25 percent securities maturing in June 2021 fell 5 cents to C$109.71. The loonie has gained 0.9 percent in the past month, according to BloombergCorrelation-Weighted Currency Indexes, a gauge of 10 developed-nation currencies. ...
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Otkritie, UBS, Olympus, News Corp., BP, Boeing in Court News
Bloomberg
“The court's ruling vindicates our position that First Amendment rights do not include the right to endanger the public or infringe on the rights of others by taking over a public space,” Mayor Michael R. Bloomberg said yesterday in an e- mailed ...
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Tokyo Stock Exchange Said to Forgo IPO Plan on Path to 2012 Bid for Osaka
Bloomberg
Photographers: Tomohiro Ohsumi and Tetsuya Yamada/Bloomberg Nov. 7 (Bloomberg) -- Jesper Koll, head of equity research at JPMorgan Chase & Co. in Tokyo, talks about the potential merger of Tokyo Stock Exchange and Osaka Securities Exchange Co. ...
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Bloomberg
World Grain Stocks to Stay Low Through 2012-13, AgResource Says
BusinessWeek
By Tony C. Dreibus Nov. 16 (Bloomberg) -- Global grain stockpiles will remain low through the coming marketing year on increased demand for crops to make fuels and foods, according to Dan Basse, president of researcher AgResource Co. ...
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Olympus May Face Class-Action Lawsuit in US Over Alleged Fraud, Losses
Bloomberg
14 (Bloomberg) -- Jamie Allen, secretary general of the Hong Kong-based Asian Corporate Governance Association, talks about the accounting scandal at Olympus Corp. and corporate governance in Japan. He speaks with Rishaad Salamat on Bloomberg ...
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Bloomberg
U.S. Stock-Index Futures Decline on Concern Over Europe's Crisis Response
Bloomberg
A trader works in the JPMorgan Chase & Co. booth on the floor of the New York Stock Exchange in New York. Photographer: Andrew Harrer/Bloomberg Nov. 15 (Bloomberg) -- Jeffrey Palma, global equity strategist at UBS Securities LLC, talks about the ...
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Bloomberg
The End Of Utopia In Zuccotti Park
BusinessWeek
Likewise good to know that mayor bloomberg is above such restraints like the constitution and the courts. To my last comment just wanted to add one thing on "tax fairness". Died in 2010 worth about $9 billion. Hadn't paid taxes on that fortune b/c it ...
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BusinessWeek
Canadian Stocks Rise as Copper Gains: Financial Companies Drop
BusinessWeek
Auto-parts maker Martinrea International Inc. surged 8.1 percent to C$7.57 after forecasting higher profit for the year than analysts in a Bloomberg survey had estimated. The company also said it will buy back as many as 4.16 million shares. ...
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Wal-Mart Profit Trails Estimates on Commitment to Low Prices
San Francisco Chronicle
15 (Bloomberg) -- Wal-Mart Stores Inc., the world's largest retailer, reported third-quarter profit that trailed analysts' estimates as it kept prices low to prop up sales at US stores. Net income for the quarter ended Oct. 31 declined 2.9 percent to ...
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Funds Risk Losing Entrepreneurial Drive as Managed Assets Grow, Hands Says
Bloomberg
... by Bloomberg. Hands is targeting clean energy and agricultural assets after betting and losing almost a third of his London-based firm's latest 5.4 billion-euro ($7.3 billion) fund on British record label EMI Group Ltd., which Citigroup Inc. (C), ...
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Bloomberg
Newt Gingrich Faces Questions About His Past (The Note)
ABC News (blog)
By MICHAEL FALCONE (@michaelpfalcone) and AMY WALTER (@amyewalter) Newt Gingrich spent much of Monday and Tuesday touting his surge in the Republican presidential primary race, but thanks to a Bloomberg News report that broke overnight, he's going to ...
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Fed's Evans Calls for More Stimulus to Address Joblessness
San Francisco Chronicle
15 (Bloomberg) -- Federal Reserve Bank of Chicago President Charles Evans said he is calling for "increasing amounts of policy accommodation" to reduce a 9 percent unemployment rate that's far above the Fed's objectives. "We ought to be behaving as if...
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Tokyo Stock Exchange Said to Forgo IPO on Path to Osaka Bid
BusinessWeek
16 (Bloomberg) -- Tokyo Stock Exchange Group Inc. dropped plans to sell shares to the public while it is in talks to buy a controlling stake in Osaka Securities ExchangeCo., a person with direct knowledge of the matter said. ...
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Morning Take-Out
New York Times
... the Goldman Sachs chief executive, Lloyd C. Blankfein, expressed a bullish view on the economy. “The world will snap back and it will be a surprise and it will be faster than people think,” Mr. Blankfein said, according to Bloomberg News. ...
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Wheat Declines as Harvests May Boost Supply, Weather Aids Crops
BusinessWeek
16 (Bloomberg) -- Wheat fell in Chicago as harvests in Australia and Argentina may add to global supply and as rains boost yield prospects in parts of the US, the world's largest exporter of the grain. March-delivery wheat declined 0.9 percent to $6.42 ...
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Goldman Sachs's Blankfein Says World Growth Will 'Snap Back'
San Francisco Chronicle
15 (Bloomberg) -- Goldman Sachs Group Inc., the fifth- biggest US bank, is preparing for a faster global economic rebound than most forecasters expect, Chairman and Chief Executive Officer Lloyd C. Blankfein said. "I don't think that we can conclude ...
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U.S. Economy: Sales Rise More Than Forecast, Driving Growth
San Francisco Chronicle
15 (Bloomberg) -- Retail sales rose more than projected in October as American shoppers gave the economy a boost at the start of the fourth quarter. The 0.5 percent gain, helped by the biggest jump in electronics purchases in two years, followed a 1.1...
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Philippine Stocks: International Container, Universal Robina
Bloomberg
2. Philippine Bank of Communications said a group led by ISM obtained central bank approval to buy a controlling interest in the lender. To contact the reporter on this story: Ian C. Sayson in Manila at isayson@bloomberg.net.
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Vivendi Said to Raise $427 Million Cutting Activision Stake
BusinessWeek
... C. Bernstein analyst Claudio Aspesi said in a note to clients. Activision is also the publisher of the games “Guitar Hero” and “World of Warcraft.” Deutsche Bank AG managed the stock sale, according to a termsheet obtained by Bloomberg News. ...
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5 Things You Need to Know Before the Stock Market Opens
TheStreet.com
[Bloomberg Businessweek] More woes on Wall Street: Citigroup(C) is weighing 3000 job cuts. [Bloomberg] "You know how screwed up Europe is when you have a German pope and an Italian central banker," hedge fund manager Kyle Bass said of the eurozone ...
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TheStreet.com
Illinois Doubles Underwriters, Uses Lottery to Decide Rotation
Bloomberg
Combined, the three have a market capitalization of more than $172 billion, Bloombergdata show. Between Sept. 9 and Sept. 23, Illinois asked for five volunteers to move down to the co-senior level, Sinsheimer said. The companies that willingly ...
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Philippine Stocks: International Container, Universal Robina
BusinessWeek
By Ian C. Sayson Nov. 16 (Bloomberg) -- Shares of the following companies may have unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of 12:05 pm. in Manila. The Philippine Stock Exchange Index decreased 0.5 percent...
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Allied Home Mortgage's FHA Privileges Reinstated by Judge
BusinessWeek
15 (Bloomberg) -- Allied Home Mortgage Corp. can originate and underwrite Federal Housing Authority-insured home loans, a judge said, reversing a US agency's suspension of those privileges. The US sued Houston-based Allied Home Mortgage and Chief ...
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US Senate Defense Panel Cuts $27 Billion From Pentagon Budget
BusinessWeek
16 (Bloomberg) -- The US Senate Armed Services Committee is recommending cutting $27 billion from the Pentagon's budget request for the fiscal year that started Oct. 1. The Senate panel yesterday approved the 2012 defense authorization bill, ...
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Olympus Faces US Group Lawsuit Over Alleged Fraud, Losses
BusinessWeek
16 (Bloomberg) -- Olympus Corp., the camera maker being investigated by Japanese, US and UK authorities for alleged accounting irregularities, was sued by an investor in its American depositary receipts seeking class-action status. ...
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Breakfast Meeting, Nov. 16
New York Times (blog)
An editorial published Tuesday morning, before its reporter was arrested, was titled, rather lengthily, “Bravo to Bloomberg's Occupy Wall Street eviction from Zuccotti Park finally reclaiming public space from unsanitary shantytown. ...
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Dead heat in latest Iowa GOP caucuses poll | Iowa Caucus 2012
By contentservice
By John McCormick (c) 2011, Bloomberg News. Herman Cain, Ron Paul, Mitt Romney and Newt Gingrich are in a dead heat as the top choices for Iowans likely to attend the Jan. 3 Republican presidential caucuses. A Bloomberg News poll ...
Iowa Caucus 2012
Poll: Ron Paul claims frontrunner status, soaring past Gingrich ...
By Stephen C. Webster
A surprising new poll out of Bloomberg News on Tuesday morning found that former House Speaker Newt Gingrich (R-GA) is not the only Republican to benefit from the seeming demise of other prior frontrunners. Beating all the odds and the pundits' ...leading the pack at 28 percent. Earlier polling by Selzer & Co., which conducted Tuesday's Bloomberg poll, found that Paul had solidly claimed third place by mid-Oct. with 12 percent support, trailing Romney at 22 and Cain at 23. ...
The Raw Story
NH-2012 Primary: 40% Romney, 17% Paul, 11% Gingrich, 8% Cain ...
By The Huffington Post News Editors
Bloomberg / Selzer & Company11/10-12/11; 504 likely Republican primary voters, 4.4% margin of errorMode: Live telephone interviewsBloomberg release New Hampshire.
The Huffington Post | Full News Feed
China Counterfeit Parts in U.S. Military Aircraft - Bloomberg
Dozens of suspected counterfeit parts have been installed on U.S. defense equipment from Raytheon Co., L-3 Communications Holdings Inc. and Boeing Co., ...
www.bloomberg.com/.../counterfeit-parts-from-china-found-o...
Bloomberg News Poll: Four-Way Republican Dead Heat in Iowa ...
A Bloomberg News poll shows Cain at 20 percent, Paul at 19 percent, Romney at 18 percent and Gingrich at 17 percent among the likely attendees with the ...
www.dailypaul.com/.../bloomberg-news-poll-iowa-cain-20-pa...
Citigroup Holdings Pared by Paulson, Lansdowne Funds as Bank's ...
Inc. Photographer: Rick Maiman/Bloomberg Paulson & Co., Lansdowne Partners LP and Lone Pine Capital LLC were among investment firms that cut stakes in ...
www.bloomberg.com/.../hedge-funds-ejected-citigroup-as-sha...
Facebook, FTC in talks over privacy settings
Article:Facebook, FTC in talks over privacy settings:/c/a/2011/11/11/ BU0J1LTRDB.DTL. Article:Facebook ... over privacy settings. Sara Forden, Bloomberg News ...
www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/11/11/...
Fed's Evans Calls For More Economic Stimulus Steps to Address ...
Photographer: Tim Boyle/Bloomberg Federal Reserve Bank of Chicago President ...San Francisco Fed President John C. Williams said today the central bank may ...
www.bloomberg.com/.../fed-s-evans-calls-for-more-economic...
Goldman Sachs's Asia Co-President Yusuf Alireza Leaves Company ...
Yusuf Alireza, who was promoted to co-president of Goldman Sachs Group Inc.'s operations in the Asia-Pacific region outside Japan in January, is leaving after ...
www.bloomberg.com/.../goldman-s-asia-co-president-alireza-d...
Clinton to Make 'Positive Announcement' on U.S. AIDS Program c ...
Clinton to Make 'Positive Announcement' on U.S. AIDS Program c.2011 Bloomberg News. Article; Comments (0). text size: AAA. By Bloomberg News. Nov. ...
www.dailyherald.com/article/20111107/business/711079876/
China to allow foreign companies to list: Bloomberg|Economy ...
China is close to giving foreign companies the green light to sell shares on its stock markets, allowing companies to earn higher valuations and gain access to ...
www.wantchinatimes.com/news-subclass-cnt.aspx?id...cid...
Wall St. Pay Expected to Fall 20% to 30% - NYTimes.com
Lloyd C. Blankfein, chief of Goldman Sachs. Jay Mallin/Bloomberg NewsLloyd C. Blankfein, chief of Goldman Sachs. Wall Street bonuses are set to fall by an ...
dealbook.nytimes.com/.../wall-st-pay-is-expected-to-drop-20-t...
Ohio Repeals Union Law in Vote That Sets Stage for 2012 Election ...
Bloomberg.com · Business Exchange ... Europe, Global, Innovation, Finance, Lifestyle, Magazine, Management, Small Business, Technology, Top News. Author ...
www.businessweek.com/.../ohio-repeals-union-law-in-vote-tha...
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