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Jan 11, 2012

BLOOMBERG News, Jan 11, 2012


Rail Traffic Surge Shows Canada Economy May Beat Growth Forecasts: Freight
Bloomberg
Enlarge image Rail Traffic Boom Shows Canada May Beat Growth Outlook Rail Traffic Boom Shows Canada May Beat Growth Outlook Brent Lewin/Bloomberg Canadian National Railway Co. trains pass through the Macmillan Yard in Toronto, Ontario. ...
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Bloomberg
Woodford Sues Olympus Over Dismissal, Giving Up Proxy Battle for Control
Bloomberg
Enlarge image Former Olympus CEO Michael C. Woodford Former Olympus CEO Michael C. Woodford Junko Kimura/Bloomberg Michael C. Woodford, former president and chief executive officer of Olympus Corp. Play Video Olympus Corp. ...
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Bloomberg
Hintz Recommends CME on Prospects for US Recovery
Washington Post
9 (Bloomberg) -- Brad Hintz, an analyst at Sanford C. Bernstein & Co., talks about his investment strategy for financial shares. Hintz also discusses his decision to cut his fourth-quarter earnings estimates for Goldman Sachs Group Inc. and Morgan ...
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Fed's Dudley Calls for Action to Revive Housing
Bloomberg
Enlarge image William C. Dudley William C. Dudley Andrew Harrer/Bloomberg WilliamC. Dudley, president and chief executive officer of the Federal Reserve Bank of New York, testifies during a House Oversight and Government Reform Subcommittee hearing in ...
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Bloomberg
Olympus Sues Executives Over $1.7B Cover-Up
Bloomberg
President and CEO Michael C. Woodford Former Olympus Corp. President and CEO Michael C. Woodford Akio Kon/Bloomberg Michael C. Woodford, former president and chief executive officer of Olympus Corp., is suing the company for wrongful dismissal. ...
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Bloomberg
Bloomberg Says He Will Fight for Fingerprinting Rule
New York Times (blog)
The City Council speaker, Christine C. Quinn, who has been allied with Mr. Bloomberg on many issues, sided with Mr. Cuomo on this one. Ms. Quinn has been a strong critic of the fingerprinting requirement, and in an interview on Wednesday she praised ...
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Cohan: How Wall Street Turned a Crisis Into a Cartel
Bloomberg
Read more online opinion from Bloomberg View. To contact the writer of this article: William D. Cohan at wdcohan@yahoo.com. To contact the editor responsible for this article: Tobin Harshaw at tharshaw@bloomberg.net. Tweet More Business Exchange Buzz ...
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Bloomberg
Fed Nears Adoption of Price Goal as Bernanke Pushes Openness
Bloomberg
Enlarge image Federal Reserve Bank of St. Louis James Bullard Federal Reserve Bank of St. Louis James Bullard Scott Eells/Bloomberg Federal Reserve Bank of St. Louis James Bullard. Audio Download: Fed's Bullard Says Inflation Targeting `Close', Jan. ...
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Bloomberg
Scene Last Night: Rohatyn, John Whitehead, Martin Lipton, Vernon Jordan
Bloomberg
Enlarge image Museum of American Finance Museum of American Finance Amanda Gordon/Bloomberg Felix Rohatyn, recipient of the Museum of American Finance's John C. Whitehead Award. Enlarge image Museum of American Finance Museum of American Finance Amanda ...
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Bloomberg
Credit Suisse Bankers Said Betting on Firm's Assets
Bloomberg
Enlarge image Credit Suisse Bankers Bet $450 Million on Firm's Assets Credit Suisse Bankers Bet $450 Million on Firm's Assets Gianluca Colla/Bloomberg A sign sits on the window of a Credit Suisse Group AG bank in Zurich. Play Video Credit Suisse Group ...
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Bloomberg
Teck Resources to Buy Oil-Sands Explorer SilverBirch for $423 Million
Bloomberg
Teck fell 1.8 percent to C$37.65. The cash portion of the bid is 32 percent more than the 20- day volume-weighted average price of SilverBirch's shares, according to data compiled by Bloomberg. The average premium paid in pending and completed ...
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Ford Electrifies Two Fusion Sedans, Pulls Plug on Hybrid SUV
San Francisco Chronicle
9 (Bloomberg) -- Ford Motor Co. is driving in different directions on its hybrid strategy by pulling the plug on its 7-year-old gasoline-electric Escape sport-utility vehicle while rolling out two hybrid versions of its Fusion family car. ...
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Hybrids in US Lose Appeal to Gas-Efficiency
Bloomberg
Play Video Enlarge image Cadillac ATS Cadillac ATS Scott Eells/Bloomberg Visitors look at a 2013 General Motors Co. (GM) Cadillac ATS at the car's unveiling prior to the 2012 North American International Auto Show (NAIAS) in Detroit on Jan 8, 2012. ...
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Bloomberg
Bristol-Myers to Acquire Inhibitex for $2.5 Billion
Bloomberg
Enlarge image Bristol-Myers Squibb's Plavix Bristol-Myers Squibb's Plavix JB Reed/Bloomberg Bristol-Myers Squibb's Plavix, seen here, faces generic competition in 2012. Bristol-Myers Squibb Co. (BMY) agreed to pay about $2.5 billion in cash to buy...
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Bloomberg
Apple Acquires Flash Part Maker Anobit
Bloomberg
To contact the reporter on this story: Adam Satariano in San Francisco at asatariano1@bloomberg.net Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net Tweet ...
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European Stocks Little Changed Before German Debt Auction
Bloomberg
... Auction European Stocks Little Changed Before German Debt Auction Scott Eells/Bloomberg Michelin & Cie., the world's second-biggest tire maker, dropped 1.5 percent after Goodyear Tire & Rubber Co. said it's experiencing weakness in global demand. ...
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Bloomberg
Bloomberg is done pushing for nonpartisan elections, which have been a 'non ...
Capital New York
She had a C-section. She gave birth to twins. She is sore. Nobody needs this.” "Keep in mind, lots of private hospitals have executive wings where they will rent the whole thing," said Bloomberg. "That's an enormous revenue source for hospitals that ...
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Capital New York
U.S. Gold CEO McEwen Says Metal Prices Will Drive Acquisitions
Bloomberg
“There's a lot of opportunity out there,” McEwen said in an interview yesterday at Bloomberg'sToronto bureau. Gold miners are seeking to replace resources and increase production of the commodity, which posted its 11th straight annual increase in 2011 ...
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US Economy Brightens as Data Belie Gloomy Investors
Bloomberg
... euro area begins to take a bigger toll on the US “The tide is beginning to come back in,” James Glassman, senior economist at JP Morgan Chase & Co. in New York, said in a radio interview on “Bloomberg Surveillance” with Tom Keene and Ken Prewitt. ...
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Bloomberg
UniCredit Gains After Slide Leads Analysts to Raise Ratings
Bloomberg
Enlarge image UniCredit Gains, Stock Slide Prompts Analysts Raise Ratings UniCredit Gains, Stock Slide Prompts Analysts Raise Ratings Alessia Pierdomenico/BloombergA sign sits above the entrance to a branch of the UniCredit SpA bank in Rom. ...
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Bloomberg
Conviction of Former Refco Lawyer Is Overturned
New York Times (blog)
By PETER LATTMAN NYSE, via Bloomberg NewsSanto C. Maggio, a key government witness in the case, died last week. A federal appeals court on Monday reversed the conviction of Joseph P. Collins, a former outside lawyer to Refco, the collapsed brokerage ...
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New York Times (blog)
Insurers Lifting Rates as Storms Defy Models
Bloomberg
Enlarge image Allstate Among Insurers Lifting Rates as Storms Defy Models Allstate Among Insurers Lifting Rates as Storms Defy Models John McCorry/Bloomberg Near-record-low interest rates cut insurers' investment income, and tornadoes, wildfires and ...
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Bloomberg
Gas Boom Has Youngstown Making Steel Again
Bloomberg
Enlarge image Construction Continues on the Vallourec Mill Construction Continues on the Vallourec Mill Vallourec SA via Bloomberg Construction continues on the Vallourec seamless pipe mill in Youngstown, Ohio in August 2011. ...
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Bloomberg
Mike vows probe of loophole in eatery grading
New York Daily News
... of getting a business-killing C grade — by exploiting the loophole in the state registration process. Mayor Bloomberg said he was once a patron of one of the restaurants outed by The News — Amnon's Kosher Pizza in Borough Park, Brooklyn. ...
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New York Daily News
Romney Wins New Hampshire Primary, Followed by Ron Paul, Networks Project
Bloomberg
... and chief executive officer of Hewlett-Packard Co. and the unsuccessful 2010 Republican gubernatorial candidate in California. To contact the reporters on this story: Julie Hirschfeld Davis in Manchester, New Hampshire at jdavis159@bloomberg.net; ...
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Bloomberg
Mercedes Exchanges Barbs With BMW Over U.S. Sales Announcements
Bloomberg
Enlarge image Mercedes Exchanges Barbs With BMW Mercedes Exchanges Barbs With BMW Andrew Harrer/Bloomberg BMW outsold Mercedes by 2715 vehicles in 2011 in the US, ending Lexus's 11-year run as the annual luxury sales leader. ...
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Bloomberg
US Stocks Drop, Treasuries Advance After Jobs Report
Bloomberg
Enlarge image US Stocks Drop as Treasuries Advance US Stocks Drop as Treasuries Advance Jin Lee/Bloomberg Traders work on the floor of the New York Stock Exchange. Play Video Play Video Play Video Play Video Play Video Stocks fell, trimming a weekly ...
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Bloomberg
Goldman Sachs, Citigroup Planning First 2012 Commercial Mortgage-Bond Deal
Bloomberg
... Citigroup Planning First Commercial Mortgage Deal Daniel Acker/Bloomberg A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York. Goldman Sachs Group Inc. (GS) and Citigroup Inc. (C) are planning to market...
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Bloomberg
Lacker 'Nervous' About Fed's Independence With Fiscal Forays
Bloomberg
Enlarge image Richmond Fed President Jeffrey Lacker Richmond Fed President Jeffrey Lacker Jay Paul/Bloomberg Federal Reserve Bank of Richmond President Jeffrey Lacker. Federal Reserve Bank of Richmond President Jeffrey Lacker said he is concerned how ...
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Bloomberg
Nissan, Daimler to Make Mercedes Engines in U.S. in '14
Bloomberg
Enlarge image The Nissan Plant in Decherd, Tennessee The Nissan Plant in Decherd, Tennessee Harrison McClary/Bloomberg The Nissan Motor Co. plant in Decherd, Tennessee. Nissan Motor Co. and Daimler AG (DAI) will build four-cylinder Mercedes-Benz ...
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Bloomberg
Cadillac Takes on BMW Amid GM Rebound
Bloomberg
Enlarge image Cadillac Taming BMW 3-Series Cadillac Taming BMW 3-Series Gary Malerba/Bloomberg A person passes a Cadillac SRX on display outside the headquarters building of General Motors Co. in Detroit. Play Video General Motors Co....
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Bloomberg
Pharmalot… Pharmalittle… Good Morning // Pharmalot
By Ed Silverman
Merck Vows To Be A Leader In Hepatitis C Treatments (Bloomberg News). Regeneron Eye Drug Exceeds Sales Forecasts In First Month (Bloomberg News). Lilly CEO Sees Threats From European Debt, Japan Price Cuts (Dow Jones) ...
Pharmalot
Queenbee's Inside the Hive: Canada Jobless Rate Rose for Third ...
By Queenbee
Prime Minister Stephen Harper said “the news isn't all good” in today's report, speaking to reporters inEdmonton, Alberta. ... http://www.bloomberg.com/news/2012-01-06/canada-s-jobless-rate-rose-for-third-month-in-december-to-7-5-.html ...
Queenbee's Inside the Hive
Rising Republican Star Arrested For Harassing Woman Who ...
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. 91 comments 51 people listening. Sign in. Livefyre logo ...
TPMMuckraker
Packers Asst. Philbin's Son Found Dead | The Associated Press ...
By The Associated Press
(c) 2012, Bloomberg News The 21-year-old son of Green Bay Packers offensive coordinator Joe Philbin was found dead in a frozen river in Oshkosh, Wisconsin.
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