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Nov 23, 2011

BLOOMBERG News, Nov 23, 2011

Ex-CEO Woodford Leaves for Japan to Face Olympus Board
Washington Post
23 (Bloomberg) -- Olympus Corp. former President Michael C. Woodford left London last night and returns to Japan today for the first time since he was ousted last month, setting up a showdown with the fellow board members who fired him. ...
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Woodford Lands in Tokyo to Face Olympus Board That Fired Him
San Francisco Chronicle
23 (Bloomberg) -- Olympus Corp. former President Michael C. Woodford landed in Japan for the first time since he was ousted last month, setting up a showdown with the fellow board members who fired him. The Briton walked into Narita airport's arrival ...
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Tokyo Exchange Enters $30B Merger Wave
Bloomberg
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. Koll also discusses Japanese stocks and the nation's economy. ...
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Bloomberg
Alcoa, Bank of America, Pandora Media: U.S. Equity Movers
San Francisco Chronicle
23 (Bloomberg) -- Shares of the following companies are having unusual moves in US trading. Stock symbols are in parentheses and prices are as of 11 am in New York. Financial shares retreated as the cost of insuring European government debt against ...
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Joy Global Set to Return 50% More With Komatsu After Quadrupling: Real M&A
Bloomberg
Volvo, which said this week it wants to sell its aero-engine unit to focus on heavy trucks and construction machinery, could get a business that is more than twice as profitable as its own, according to data compiled by Bloomberg. ...
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Euro Gains Versus Yen as IMF Revamps Credit Line; Dollar Falls
San Francisco Chronicle
22 (Bloomberg) -- The euro rose versus the yen to the strongest level in almost a week as demand for safety eased after the International Monetary Fund revamped its credit-line program to help countries facing outside shocks. ...
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Chavez Activates Price Law to End Capitalist Speculation
Bloomberg
Venezuela's inflation rate, which at 26.9 percent is the highest among 78 economies tracked by Bloomberg, rose to a seven-month high in October as the government adjusted price caps on food products to avoid shortages. ...
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Bloomberg
Citigroup May Need to Pay More to Keep SEC Deal, Lawyers Say
Bloomberg
By Bob Van Voris - Wed Nov 23 05:00:00 GMT 2011 The Citigroup Inc. logo is seen at a Citibank branch in Washington, DC Photographer: Andrew Harrer/Bloomberg Citigroup Inc. (C), whose $285 million settlement with US regulators over a collapsed ...
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Bloomberg
DuPont Faces Squeeze as Titanium Ore Costs Advance: Commodities
BusinessWeek
22 (Bloomberg) -- DuPont Co., the world's biggest maker of titanium dioxide, may struggle to maintain profits from the white pigment because mining companies supplying the industry with raw materials haven't kept pace with demand. ...
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Suntech Leads Gains as Focus Media Climbs After 39% Drop: China Overnight
Bloomberg
21 third-quarter net income was 2.86 yuan per ADR, missing the 3.66 yuan average estimate of seven analysts surveyed by Bloomberg. C. Ming Chun, an analyst at Susquehanna International Group LLC, yesterday cut a 12-month price target for the company to ...
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Corzine Is Summoned by House Panel to Testify About Collapse of MF Global
Bloomberg
By Zeke Faux and Phil Mattingly - Tue Nov 22 23:45:30 GMT 2011 Jon Corzine, former chairman and chief executive officer of MF Global Holdings Ltd. Photographer: Chris Ratcliffe/Bloomberg Nov. 21 (Bloomberg) -- MF Global Inc.'s shortfall in US ...
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Bloomberg
Ending Charity Tax Break Will Hurt Poor Most: Stephen L. Carter
Bloomberg
(Stephen L. Carter , a novelist, professor of law at Yale University and the author of “The Violence of Peace: America's Wars in the Age of Obama,” is a Bloomberg View columnist. The opinions expressed are his own.) To contact the writer of this ...
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Soybeans Reach 13-Month Low as Debt Crises May Be Sapping Demand
BusinessWeek
By Tony C. Dreibus and Luzi Ann Javier Nov. 23 (Bloomberg) -- Soybeans fell to a 13-month low in Chicago amid concern the debt crises in the US and Europe may be eroding crop demand. Corn and wheat dropped. US soybean exports in the marketing year ...
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Cnooc Appoints Executive Director Li as Chief Executive as Growth Slows
Bloomberg
“The days when we can easily acquire good oil assets are over,” Yang said in aBloomberg interview on Nov. 15 when he was in Hong Kong. Li, born in 1963, worked as a petroleum engineer and offshore platform supervisor in his first years with the ...
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Royal Canadian Mint Said to Raise C$600 Million From Gold IPO
BusinessWeek
23 (Bloomberg) -- The Royal Canadian Mint raised C$600 million ($573 million) in an initial public offering of securities tied to its gold reserves, more than double its IPO target, according to two people familiar with the sale. ...
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Hong Kong Stocks Decline, Headed for Six-Week Low, on Slower U.S. Growth
Bloomberg
31, according to Bloomberg data. The Standard & Poor's 500 Index (SPXL1) trades at 12 times. Li & Fung slid 2.9 percent to HK$14.30, while Techtronic Industries Co. (669), a maker of power tools that counts North America as its largest market, ...
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Netflix Raises $400 Million to Boost Cash as Film Costs Rise
San Francisco Chronicle
22 (Bloomberg) -- Netflix Inc., the video-streaming and DVD subscription service, agreed to sell $400 million in stock and convertible notes to bolster cash as it increases spending for online rights to films and TV shows. Technology Crossover Ventures ...
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Alberta Says Farm Revenue Jumps on Higher Prices for Crops, Beef
Bloomberg
By Jeremy van Loon - Wed Nov 23 17:28:41 GMT 2011 Farmers in the Canadian province of Alberta boosted agricultural revenue during the first half of the year to C$5.2 billion ($4.96 billion) as crop, livestock and meat prices rose, the provincial ...
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Canada's Dollar Drops to Seven-Week Low as Risk Aversion Rises
BusinessWeek
23 (Bloomberg) -- Canada's dollar slid to the lowest level in seven weeks versus its US counterpart after Germany's failure to get the full amount of bids in a debt auction sparked a selloff in higher-yielding assets. The currency has fallen 4.6 ...
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'Meow'trage at Algonquin
New York Post
Prodded by Nanny Bloomberg, the DOH has been socking restaurants with steep fines for minor violations — and slapping dreaded “C” ratings on places where no one was known to get sick. Some places are taking no chances, eliminating popular features ...
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New York Post
Merck, Debit Card Fees, MF Global, Hewlett-Packard in Court News
Bloomberg
At the same time, Columbus, Ohio-based Nationwide agreed to pay $60 a share to minority shareholders of Harleysville Group, more than twice the price before BloombergNews reported the takeover talks in September. The total cash payout is about $840 ...
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Bangkok Bank, DeNA, JFE Holdings, Olympus: Asia Stocks Preview
BusinessWeek
23 (Bloomberg) -- The following companies may have unusual price changes in Asian trading tomorrow. Japanese markets were closed today for a national holiday. Stock symbols are in parentheses, and share prices are as of the latest close. ...
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Kocherlakota Says Targeting Unemployment May Be 'Dangerous'
San Francisco Chronicle
22 (Bloomberg) -- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said while US unemployment is too high at 9 percent, central bank policies to target a level of joblessness could lead to a jump in inflation. ...
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A Bond Bull Sees More Deflation Ahead
Gold Seek
Bloomberg recently reported that long-term Treasury bonds have provided a greater total return than stocks for the last 30 years. The bond benchmark cited in the Bloomberg article appears to be Barclays US Treasury Long Bond Index, which captures the ...
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Gold Seek
Medtronic to Cut $1.2 Billion in Product Costs in 5 Years
Bloomberg
Profit excluding one-time items in the three months ended Oct. 28 was 84 cents a share, exceeding the average estimate of 82 cents of 29 analysts surveyed by Bloomberg. Revenue increased 5.9 percent to $4.13 billion, the company said in a statement. ...
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Canadian Budget for Nov. 23, 2011
BusinessWeek
By Bloomberg (Bloomberg News moves a Canadian budget every weekday. Additions follow throughout the day as needed. All times are Eastern unless otherwise noted. Please check your queues for possible updates.) CANADA-CREDIT -- Alberta Finance Minister ...
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Rio Gets Canadian Bureau Clearance for Hathor Takeover Bid
Bloomberg
26. The premium would also be the biggest for any takeover worth at least $250 million in the non-ferrous metals industry, data compiled by Bloomberg show. Hathor's board unanimously recommends investors accept its offer, Rio said today.
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Justice Debit-Fee Review, 'Swipe' Suit, MF Global: Compliance
Bloomberg
(BAC) and Goldman Sachs Group Inc. (GS) had “buy” ratings before the report,Bloomberg data show. Chinese stocks trading in the US have faced investor scrutiny this year after companies disclosed financial irregularities or auditor resignations. ...
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NY1 ItCH: A Thanksgiving ItCH
NY1
paid a collective $16.5 billion in federal income taxes in 2008, the latest year figures were available, the analysis by Bloomberg Government found.” Bruce Golding notes: “Several prosecution witnesses testified yesterday at the trial of City ...
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NY1
The Political Environment: Headline Writer Flubs Wisconsin Job ...
By James Rowen
... Political Environment. Progressive news and opinion from Wisconsin and across The Great Lakes; A Current Focus, The Scott Walker Recall. ... On top of a Bloomberg NewsService account? C'mon: Where's the juice, the political analysis? ...
The Political Environment
Rick Perry: Hamas And Hezbollah Working In Mexico | TPM2012
By Ryan J. Reilly
Prior to joining TPM, he worked for a news website covering the Justice Department and was a researcher for Bloomberg News. His email address is ryan(at)talkingpointsmemo.com. 68 comments 32 people listening. Sign in. Livefyre logo...
Cafe Talk Aggregator
Canada Banks Seen Closing TMX Deal Even as ... - Bloomberg
Canada's banks are closer than ever in their attempt to buy TMX Group Inc., even after almost every deal in the biggest wave of exchange takeovers failed.
www.bloomberg.com/.../canada-banks-seen-closing-tmx.html
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...
Airport security complaints near all-time low
Article:Airport security complaints near all-time low:/c/a/2011/11/20/ BUGL1M16GB.DTL. Article:Airport ... near all-time low. Julie Bykowicz, Bloomberg News ...
www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/11/20/...
Ex-CEO Woodford Leaves for Japan to Face Olympus Board
23 (Bloomberg) -- Olympus Corp. former President Michael C. Woodford left London last night and returns to Japan today for the first time since he was ...
www.washingtonpost.com/.../gIQAplaYnN_video.html
Blackstone's GSO Doubles Lending to Debt Crisis Victims, Co ...
GSO Capital Partners LP, the credit unit of Blackstone Group LP, has doubled rescue lending since August as Europe's debt crisis pushes more companies to ...
www.bloomberg.com/.../blackstone-s-gso-doubles-lending-to-...
Volcker Rule May Cut Ranks of Managing Directors, Hintz Says: Tom ...
21 (Bloomberg) -- David Pearl, co-chief investment officer at Epoch Investment Partners Inc., and Brad Hintz, an analyst at Sanford C. Bernstein & Co., ...
www.bloomberg.com/.../volcker-rule-may-cut-ranks-of-mana...
Occupy Wall Street: judge backs mayor Michael Bloomberg's move ...
Occupy Wall Street, the New York protest camp that inspired anti-capitalist demonstrations across the world, has been demolished after protesters were evicted ...
www.telegraph.co.uk/.../Occupy-Wall-Street-judge-backs-may...
Facebook, John Edwards, Dynegy, BP, MF Global in Court News (1 ...
Facebook, John Edwards, Dynegy, BP, MF Global in Court News (1) c.2011Bloomberg News (Adds Royal Bank of Scotland in Lawsuits News.) ...
www.dailyherald.com/article/20111114/news/711149865/
U.S. Country-of-Origin Food Labeling Rules Illegal, WTO Says ...
Bloomberg.com · Business Exchange ... Europe, Global, Innovation, Finance, Lifestyle, Magazine, Management, Small Business, Technology, Top News. Author ...
www.businessweek.com/.../u-s-country-of-origin-food-labelin...
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...
Dow Jones: Shareholders Consider Replacing Carrefour Chief ...
Dow Jones: Shareholders Consider Replacing Carrefour Chief: Sources Bloomberg News,Read most current stock market news, Get stock, fund, etf analyst ...
news.morningstar.com/.../shareholders-consider-replacing-carr...
Ron Paul Surges in Iowa: How Far Can He Go? - International ...
A recent Bloomberg News poll showed a four-way statistical tie for first place ... 8- 15 average on RealClearPolitics.com, which aggregates data from various ...
www.ibtimes.com/.../ron-paul-surges-iowa-nomination.htm
Software Engineer (C/C++; C#/.NET; Web/Mobile)
Bloomberg has several opportunities for Software Engineers (C/C++; C#/. ...Bloomberg, the global business and financial information and news leader, gives ...
msn.careerbuilder.com/JobSeeker/Jobs/JobDetails.aspx?job...
Theflyonthewall.com equity news: C;BAC;MS SP may downgrade ...
News For C;BAC;MS From The Last 14 Days. Check below ... theflyonthewall. com: Time running out for super-committee deal, Bloomberg reports. Subscribe for ...
www.theflyonthewall.com/permalinks/entry.php/C

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