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Dec 28, 2011

BLOOMBERG News, Dec 28, 2011

Canadian Dollar Declines as Stocks Depreciate on European Growth Concern
Bloomberg
The best performers during the past month among the 10 major currencies tracked by Bloomberg are commodity-linked. The loonie is up 1.6 percent, compared with gains of 2.6 percent for the Australian dollar and 2.5 percent for the New Zealand dollar. ...
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S&P 500 Snaps Five-Day Rally Amid Concern About Europe's Crisis
Bloomberg
Enlarge image US Stocks Decline on Europe Debt Concern After Five-Day US Stocks Decline on Europe Debt Concern After Five-Day Scott Eells/Bloomberg Traders work at the New York Stock Exchange on Dec. 27, 2011. Play Video US stocks declined, ...
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Bloomberg
U.S. Stocks Are Little Changed After Auction of Italian Debt
San Francisco Chronicle
28 (Bloomberg) -- US stocks were little changed, after the longest rally since September for the Standard & Poor's 500 Index, as Italy's borrowing costs fell at an auction. The S&P 500 fell 0.2 percent to 1263.44 as of 9:33 am New York time. ...
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Brazil Corn Surplus Limited by Meat Industry, Rabobank Says
Bloomberg
To contact the reporter on this story: Tony C. Dreibus in London at tdreibus@bloomberg.net. To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net. Tweet More Business Exchange Buzz up! Digg Print Email.
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Calgary Oil Transforms Canada to Energy Superpower of Immigrants
San Francisco Chronicle
28 (Bloomberg) -- Alberta Premier Alison Redford says oil is opening Canada's fastest-growing province to the world for the first time. The population of Canada's main oil-producing region has soared by 37 percent to about 3.7 million in the past...
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Dec. 28 (Bloomberg) -- Money managers added to net-long positions in cocoa ...
BusinessWeek
Prices for the sweetener were little changed in the period. Net-short positions in feed wheat came to 54 contracts. The grain rose 2.7 percent in the seven days. To contact the reporter on this story: Tony C. Dreibus in London at tdreibus@bloomberg.net.
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Canadian Natural Gas Falls as Mild Weather Adds to High Supplies
Bloomberg
Stockpiles of the fuel probably dropped 86 billion cubic feet last week, the median of four analyst estimates compiled by Bloomberg. The five-year average drop is 122 billion. “Average onshore gas production has been running 5 billion to 6 billion...
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Canadian Stocks Fall as Gold Drops for Fifth Day, Oil Declines
BusinessWeek
Oil-sands developer BlackPearl Resources Inc. decreased 5.7 percent to C$4.11. Base-metals and coal producers fell a day after an index of US home prices decreased more than most economists in a Bloomberg survey had forecast and the Federal Reserve ...
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Hong Kong Short Selling Turnover (Main Board) Recorded 12/28/201
Bloomberg
Hong Kong, 12/28/2011 (Bloomberg) - Short selling was recorded on the Main Board of the Hong Kong Stock Exchange for the following companies as of 00:00 today. Number Short Percent of shares selling Total of short Tkr sold short turnover turnover to ...
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Evraz North America Gets $610 Million Loan to Refinance Debt
Bloomberg
To contact the reporter on this story: Yuliya Fedorinova in Moscow at yfedorinova@bloomberg.net To contact the editor responsible for this story: Torrey Clark at tclark8@bloomberg.net Tweet More Business Exchange Buzz up! Digg Print Email.
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Moly Mines Says Spinifex Ridge Molybdenum Project 'Sub-Economic'
Bloomberg
Moly fell more than 10 percent to C$0.30 at 12:24 pm in Toronto. To contact the reporter on this story: Liezel Hill in Toronto at lhill30@bloomberg.net To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net Tweet More ...
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Morocco Extends Suspension of Wheat Import Duties, Reuters Says
Bloomberg
To contact the reporter on this story: Tony C. Dreibus in London at tdreibus@bloomberg.net. To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net. Tweet More Business Exchange Buzz up! Digg Print Email.
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India Telecom, Russia Jury Trials, Olympus Audit, LCD Deal: Compliance
Bloomberg
Calabria talked with Bloomberg's Ken Prewitt on Bloomberg Radio's “Bloomberg Surveillance.” They were joined by Josh Rosner, a banking analyst with New York-based Graham Fisher & Co. For the audio, click here. To contact the reporter on this story: ...
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Money Managers Were Net Long on White Sugar, Liffe Report Shows
Bloomberg
To contact the reporter on this story: Tony C. Dreibus in London at tdreibus@bloomberg.net. To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net Tweet More Business Exchange Buzz up! Digg Print Email.
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Good Times on Iowa Farms Make Economy Less of Caucus Concern
Bloomberg
During a Bloomberg News reporter's five-hour drive along rural roads only two yard signs for a candidate were spotted, both for Paul. “People may not like some of his positions, but they admire his consistency,” Iowa Governor Terry Branstad, ...
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Bloomberg
BofA, BP, Citigroup, Samsung Electronics, Goldman, Intel in Court News
Bloomberg
To contact the reporter on this story: Elizabeth Amon in New York at eamon2@bloomberg.net To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net Tweet More Business Exchange Buzz up! Digg Print Email.
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S&P 500 Snaps Five-Day Rally Amid Concern About Europe's Crisis
BusinessWeek
28 (Bloomberg) -- US stocks decline, halting a five- day advance in the Standard & Poor's 500 Index, as the European Central Bank's balance sheet increased to a record after a surge of bank lending to stem the region's debt crisis. ...
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Canadian Dollar Erases Gain, Trades at C$1.0189 per U.S. Dollar in Toronto
Bloomberg
The Canadian currency erased its gain, trading little changed at C$1.0189 per US dollar. To contact the editor responsible for this story: Dennis Fitzgerald at dfitzgerald5@bloomberg.net Tweet More Business Exchange Buzz up! Digg Print Email.
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Canadian Dollar Erases Gain as Stocks Decline on Europe Concern
BusinessWeek
28 (Bloomberg) -- The Canadian dollar erased its gain against its US counterpart as stocks dropped after the European Central Bank said lending to the region's banks hit a record, adding to concern fiscal turmoil will slow growth. ...
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Evraz North America Gets $610 Million Loan to Refinance Debt
BusinessWeek
28 (Bloomberg) -- Evraz Plc, Russia's largest steelmaker, said its North American division agreed to borrow as much as $610 million to refinance loans as it seeks to reduce debt costs. The five-year revolving credit facility will replace two loans of ...
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Study: Stress medicines in step with unemployment
San Francisco Chronicle
... including ACE inhibitors like Pfizer Inc.'s Accupril and AstraZeneca Plc's Zestril, or antidepressants such as Eli Lilly & Co.'s Cymbalta, have found ways to keep paying for them through economic doldrums, said Andrew Berens of BloombergIndustries ...
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SEC Wants Citigroup Suit Put on Hold During Appeal of Settlement Rejection
Bloomberg
To contact the reporter on this story: Thom Weidlich in Manhattan federal court at tweidlich@bloomberg.net. To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net. Tweet More Business Exchange Buzz up! Digg Print Email.
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Home prices fall more than expected
San Francisco Chronicle
"It's a picture of a market that's trying to get back to equilibrium," Karl Case, co-creator of the index, said Tuesday in an interview on Bloomberg Radio. "Different things are happening in different markets. It's very segmented. ...
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Media Digest (12/28/2011) Reuters, WSJ, FT, Bloomberg
24/7 Wall St.
(WSJ) The SEC may get a federal appeals court to consider its blocked settlement with Citigroup (NYSE: C) over fraud charges. (WSJ) Banks put 412 billion euros with the European Central Bank over Christmas. (FT) The Carlyle Group returns $15 billion to ...
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Meet the $16 Fast Food Burger
TIME
The company is rolling out a menu it's dubbing the Japan Premium, according toBloomberg, which reports that the Premium's Rossini burger is topped with foie gras and truffles rather than the more pedestrian bacon and cheese. (For sticklers, a photo of ...
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Apple, GoDaddy, Adidas, Joe Cool: Intellectual Property
BusinessWeek
27 (Bloomberg) -- Apple Inc., maker of the iPod and iPhone, is considering powering some portable devices with a hydrogen fuel cell, according an application published in the database of the US Patent and Trademark Office on Dec. 22. ...
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Presidential Poll: Iowa's On-Deck; Who Has Your Vote?
Patch.com
Ron Paul (R-TX) (C) speaks as former Massachusetts Gov. Mitt Romney (L) and former US Sen. Rick Santorum (R-PA) (R) look on during the Republican Presidential debate hosted by Bloomberg and the Washington Post on October 11, 2011 at Dartmouth College ...
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What's Your Biggest Accomplishment in 2011?
GreenBiz.com (blog)
Having launched a series of high profile energy efficiency retrofits in New York City, including collaborating with Bloomberg on a new property on Park Avenue, we presented an efficiency project at the Clinton Global Initiative, with the former ...
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GreenBiz.com (blog)
Obama to Nominate Two for Vacancies on Fed Board
New York Times
Mr. Powell described himself in a recent interview with Bloomberg Television as, “by any fair reckoning a fiscal conservative,” but he is known for taking independent positions on policy issues. He argued publicly earlier this year that the debt ...
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Hybrids December 27, 2011 2013 Toyota Prius C Compact Hybrid On Sale In...
Green Car Reports
According to Bloomberg, Toyota has high aspirations for the Prius C, hoping to sell as many as 12000 of the car a month in Japan alone. The hybrid hatchback should draw interest among Japanese buyers eager to see this new, smaller full hybrid from the ...
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Dudley Sees 'Extraordinarily High' Bar for Fed to ... - Bloomberg
Federal Reserve Bank of New York President William C. Dudley said he “cannot imagine” the U.S. central bank buying European sovereign debt to combat the ...
www.bloomberg.com/.../dudley-sees-extraordinarily-high-bar-...
Canada Dollar Reaches Strongest in Three Weeks on ... - Bloomberg
Canada's dollar had its biggest gain in three weeks as economic reports in the nation and the U.S., its largest trading partner, signaled a recovery may be ...
www.bloomberg.com/.../canada-dollar-gains-most-in-3-weeks...
Canada's Dollar Fluctuates as Crude Oil and Stocks ... - Bloomberg
Canada's dollar swung between gains and losses versus its U.S. counterpart as crude oil and stocks reversed earlier advances, muddying the outlook for ...
www.bloomberg.com/.../canada-s-dollar-rises-from-almost-de...
Twitter Wins $300 Million Alwaleed Investment - Bloomberg
Twitter Inc., the microblogging service with more than 100 million users, received a $300 million investment from Saudi Prince Alwaleed bin Talal as it pushes ...
www.bloomberg.com/.../prince-alwaleed-kingdom-pay-300-m...
Wall Street Trading Revenue to Decline as 'Year to ... - Bloomberg
Some of Wall Street's biggest firms signaled optimism in October after posting their worst trading and investment-banking period since the financial crisis. Now ...
www.bloomberg.com/.../wall-street-trading-revenue-to-decline...
Amy Thomson,Manuel Baigorri, Bloomberg News - SFGate
Bloomberg News SETTLEMENTS General Electric to pay in bid-rigging case General Electric Co. agreed to pay $70.4 million to settle a criminal probe and civil...
www.sfgate.com/cgi-bin/artlist.cgi?key=BU...=/c/a/...
Bloomberg News: S&P Cut Proves Absurd as Investors Prefer U.S. ...
Bloomberg News: S&P Cut Proves Absurd as Investors Prefer U.S.. S&P Cut Proves Absurd as Investors Prefer U.S.. By Zeke Faux and John Detrixhe - Dec 19,...
www.democraticunderground.com/10145693
Eldorado Drops Amid $2.4 Billion Bid for European Goldfields ...
Bloomberg.com · Business Exchange ... Europe, Global, Innovation, Finance, Lifestyle, Magazine, Management, Small Business, Technology, Top News. Author...
www.businessweek.com/.../eldorado-drops-amid-2-4-billion-b...
Cornell's $2 Billion Campus Fuels N.Y.C. Search for ... - Bloomberg
Broad sloping buildings roofed by solar panels and swaddled in plants that filter storm water will rise on an island in New York's East River.
www.bloomberg.com/.../cornell-s-2-billion-campus-fuels-n-y-...
Microsoft Shrinking Margins Loom as Cloud Push Lifts ... - Bloomberg
Microsoft Corp.'s push into cloud computing will help the company compete with Google Inc., Apple Inc. and Salesforce.com Inc. It also will hurt profit margins.
www.bloomberg.com/.../microsoft-shrinking-margins-loom-as...
Goldman Sachs Could Be Tops in M&A Deals - Bloomberg
Goldman Sachs Group Inc. is poised to win the top spot among advisers on both global takeovers and equity offerings for the first time in five years, a sign the ...
www.bloomberg.com/.../goldman-sachs-winning-ceos-as-glob...
U.S. Home Starts Probably Rose in November - Bloomberg
Builders probably began work on more homes in November, a sign the market may be stabilizing heading into 2012, economists said before a report today.
www.bloomberg.com/.../builders-probably-began-work-in-no...
Deutsche Telekom Buys Time for T-Mobile From ... - Bloomberg
Deutsche Telekom AG, whose proposed $39 billion sale of T-Mobile USA to AT&T Inc. collapsed yesterday, has about a year before it needs to start the search ...
www.bloomberg.com/.../deutsche-telekom-3-billion-breakup-f...
Teva Pursues First Type 1 Diabetes Treatment Since ... - Bloomberg
Teva Pharmaceutical Industries Ltd., the world's largest generic-drug maker, is seeking to transform a compound once rejected by Sanofi into the first treatment ...
www.bloomberg.com/.../teva-invests-in-potential-type-1-diabe...
US Stock Futures Maintain Gains on Jobs Report
U.S. stock futures maintained gains after jobless claims unexpectedly dropped last week while another report showed the economy grew less than previously ...
www.bloomberg.com/.../u-s-stock-futures-maintain-advance-o...
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