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Feb 8, 2012

CNBC World News, Feb 08, 2012

Government Bailout Actually Hurt Housing Recovery: Zell
CNBC.com
"Rather than let the elements of the business world take care of the problems, we basically stopped the process of creating market clearing," Zell said in a CNBC interview. "Had we allowed the market to clear without trying to stop reality...we would ...
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Stocks Fall Amid Greek Talks; Caesars Surges
CNBC.com
Greek parties will try yet again to strike a reform deal in return for a newinternational rescue package to avoid a chaotic default, after a string of delays which have prompted some EU leaders to warn that the euro zone can live without Athens.
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What Might Happen If Congress Abolished the Federal Reserve
CNBC.com
But abolishing the Fed [cnbc explains] only raises the bigger issue: What would—or should—be in its place? The debate is hardly new. Efforts to set a cohesive national monetary policy through a central bank in the US have been many and turbulent.
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China Needs a Hard Landing to Cleanse System: Fund Manager
CNBC.com
... CEO and Chief Investment Officer at Smead Capital Management toldCNBC on Wednesday. "This cleansing is rotating its way around the world, and we're just getting the beginnings of the problems in China. Their equity index is down dramatically.
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'Greece Should Default Instantly': Economics Professor
CNBC.com
“This bailout is certainly not the answer for anyone, for Greece, for the euro zone, for the world,” Yanis Varoufakis, Professor of Economics at University of Athens, told CNBC. “Greece should default instantly, immediately, without any talk of leaving ...
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Stock Market's Three-Year Rally Has Fed to Thank
CNBC.com
Federal Reserve [cnbc explains] easing has helped fire up one of the strongest stock market rebounds ever, and the promise of more is keeping it going. The chart of the S&P 500's Yet, unlike some of those other periods, the economic recovery has been ...
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A Contrarian Bets Ireland and Hungary Will Rebound
CNBC.com
But the bets, which center on Irish and Hungarian government bonds, aren't the work of a hedge fund [cnbc explains] operating stealthily out of London or Geneva. Instead, the buyer is Franklin Templeton Investments, a mutual funds firm that caters to ...
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CNBC'S "HOW I MADE MY MILLIONS #14" WILL PREMIERE ON FEBRUARY 27TH
CNBC.com (blog)
(ALL TIMES ARE IN ET) Monday, 2/27/2012: 9:00 PM HOW I MADE MY MILLIONS #14 (30 Minutes) 12:00 AM HOW I MADE MY MILLIONS #14 (30 Minutes) "HOW I MADE MY MILLIONS" CNBC's "How I Made My Millions" goes behind the curtain to reveal how everyday people ...
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CNBC EXCLUSIVE: CNBC TRANSCRIPT: BOB IGER, THE WALT DISNEY COMPANY PRESIDENT ...
CNBC.com (blog)
WHEN: TODAY, TUESDAY, FEBRUARY 7, 2012 WHERE: CNBC'S“CLOSING BELL WITH MARIA BARTIROMO” Following is the unofficial transcript of a CNBC EXCLUSIVE interview with The Walt Disney Company President and CEO Bob Iger on CNBC's “Closing Bell with Maria...
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Greeks Burn German Flags: Do They Have a Point?
CNBC.com
Greek protesters burned German flags as thousands marched through the streets of Athens on Tuesday, according to CNBCstaff on the ground. This could be seen as straightforward biting the hand that feeds. As the euro zone's largest economy,...
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CNBC.com
UM's most infamous fan, Nevin Shapiro, to be featured on CNBC show Wednesday
MiamiHerald.com
CNBC will air a new American Greed episode on the imprisoned Miami Beach Ponzi schemer, who stole millions from wealthy investors and lavished gifts on UM football stars. The program, “Major League Fraud,” airs at 10 pm Shapiro, convicted of running a ...
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Hold On to 'Glenstrata' Stock: Equity Pro
CNBC.com
It is certainly not expensively valued,” Coffey told CNBC. Last week, European competition commissioner Joaquin Almunia successfully blocked the high-profile merger between the exchanges Deutsche Boerse and NYSE Euronext, citing monopoly concerns.
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Three Phases of the Rally to Watch Out For: Strategist
CNBC.com
There are three key periods of the current stock market rally, Graham Neilson, Chief Investment Strategist, Cairn Capital, told CNBC Wednesday. The rally since the start of the year has been driven by a return to risk assets, as markets absorbed the ...
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US Auto Industry Made Stronger by Increase in Exports
CNBC.com
Look at the numbers compiled by IHS Automotive for CNBC: Year Vehicles Exported Why the surge in exports? Overall, it's because the US auto industry is more competitive. Keep in mind, we're talking about all US auto plants.
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IRDA clashes with industry over single premium policies
Moneycontrol.com
There's a battle brewing between insurance regulator IRDA and life insurance companies, and this one is over single premium policies, reportsCNBC-TV18's Mitra Joshi and Payaswini Upadhyay. Insurance regulator IRDA is going slow when it comes to ...
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Morgan Stanley Bulls Look for More
CNBC.com
Long calls [cnbc explains] lock in how much investors must pay to buy a stock. That gives them major leverage to the share price, letting them double or triple their money from even a small move. One problem that doesn't exist with stock, however, ...
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Caesars' Wild Open
CNBC.com
The gaming giant was originally slated to price Monday; however, it was delayed a day after the SEC asked for more disclosure about the company's plan for additional stock sales by some investors. BookmarkCNBC Data Pages: ...
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Univision, ABC teaming for English-language news channel for Hispanics
Rapid tv news
In the field, subscribers can already choose from CNN and CNN Headline News, FOX News, MSNBC, CNBC, FOX Business, Bloomberg, the progressive liberal channel Current (often available only in a premium tier) and even CSPAN. International entrants are ...
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Indo-Mauritius talks stuck; govt eyeing alternate options
Moneycontrol.com
Government sources indicate that Mauritius is unwilling to allow taxation of capital gains as it feels the move will impact the country's economy, reportsCNBC-TV18's Akaansha Sethi. India was keen that investment from Mauritius be subject to capital ...
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Dylan Ratigan Thinks We're All Greedy Bastards
Forbes
He left CNBC's Fast Money after the 2008 financial crisis in protest and disgust, but now says, “I realized that a lot of the moral outrage I was channeling coming out of CNBC—while it was potentially good television—it wasn't particularly useful to...
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Forbes
Drug Pipeline Will Help Glaxo's 2012 Growth: CEO
CNBC.com
Still, Chief Executive Andrew Witty reiterated the company Witty told CNBC Tuesday there are 27 drug in late-stage development. He expects up to 10 filed for approval this year, another five or six in 2013 and another 30 drugs in full development in ...
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CNBC.com
'Wave of Risk Aversion' Coming: Strategist
CNBC.com
Investors should start scaling back risk in their portfolio in anticipation of more favorable buying opportunities in the coming weeks, Chris Watling, CEO and chief market strategist at Longview Economics, told CNBC on Tuesday. “Our models are flagging ...
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25 2G licenses won't get refund, Govt seeks order review
Moneycontrol.com
The licensee fee of those involved in the 2G scam will not be refunded to at least Loop Telecom for 21 circles while Allianz and Uninor for two circles each, reports CNBC-TV18's Malvika Jain quoting sources. According to sources, 25 of the 122 ...
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Bookings at Disney Cruise Line down, too, in wake of crash
USA TODAY
Disney CEO Bob Iger told CNBC's Maria Bartiromo and Julia Boorstin on Tuesday that the company saw a slowdown in calls to its reservation centers after the Jan. 13 event. "Overall, the entire cruise ship business was affected by the crash in Italy," ...
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USA TODAY
Morici: Curb Trade Deficit, Rev Up Oil to Engineer More Growth and Jobs
CNBC.com (blog)
Unemployment [cnbc explains] has fallen, largely because working aged adults are dropping out of the labor-they are neither employed, nor seeking work. Since October 2009, the jobless rate as fallen from 10 to 8.3 percent, despite the fact that the ...
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CRO O'Brien Leaves CNBC
Broadcasting & Cable
By Jon Lafayette -- Broadcasting & Cable, 2/7/2012 4:56:23 PM CNBC on Tuesday announced that Robert Foothorap has been promoted to senior VP for TV network advertising sales. The network said in a release that Foothorap reports to Marianne Gambelli, ...
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Stocks on the Move Now: Caesars Entertainment Soars
CNBC.com
... company made its IPO debut on the NASDAQ, giving the casino chain a market cap value of about $1.6 billion. To the downside, Higher One Here is a look at some of the companies showing unusual moves in Wednesday's trading session. bythenumbers.cnbc.com.
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Like this story, share it with millions of investors on M3
Moneycontrol.com
Post announcing its third quarter results, SP Tulsian of sptulsian.com tells CNBC-TV18 that ONGC will trade in a range of Rs 250-300. "I am not giving much meaning tot eh Q3 numbers, and looking forward to the fourth quarter because that is when the ...
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Moneycontrol.com
Uptrend in Gold to Continue; Next Target $1880: Charts
CNBC.com (blog)
The Exchange Traded Funds [cnbc explains] now account for a significant proportion of gold trading activity and their investors are not motivated by the same concern as professional traders or gold industry participants. Underpinning this investment ...
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Discover Yahoo! With Your Friends
Yahoo! Sports (blog)
[QMI] Using the shootout to make the playoffs is overrated. [Nucks Misconduct] • According to Steve Lepore, the Stanley Cup Playoffs are going to be featured on NBC, NBC Sports Network, CNBC and NHL Network. Yes, CNBC. Can Jim Cramer be our Don Cherry?
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Yahoo! Sports (blog)
Stanley Cup Playoffs On CNBC? Seems That Way
SB Nation
by Travis Hughes • Feb 7, 2012 2:53 PM EST Last year, when the NHL andNBC agreed on a 10-year American television contract that will keep hockey on the Peacock until 2021, one of the major improvements was the news that every single Stanley Cup ...
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Coke Is a 'Recession-Proof' Stock: Analyst
CNBC.com
... still has a lead in many markets," said Silver. PepsiCo Additional News: Coca-Cola Earnings Top Extimates; Shares Climb Additional Views: Coke, Pepsi Downgraded by UBS. CNBC Data Pages: Disclosures: Daniel Ernst personally owns KO shares. Disclaimer.
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EGoM decision will aid exports: Kohinoor Foods
Moneycontrol.com
In an interview to CNBC-TV18, Gurnam Arora, joint managing director of Kohinoor Foods says, EGoM decision will aid exports. "Reduction in MEP for basmati rice will boost exports. We will be pleased if the government abolishes MEP for basmati rice," he ...
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The Price of K-Cup Convenience
CNBC.com
They prove, for the most part, the average American consumer doesn't care about taste (I know — I use a K-Cup provided for free at CNBC every day!) I have this hunch that at some point, maybe years from now, a new generation will discover the taste of ...
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IT-BPO export revenue to grow by 11-14% in FY13: Nasscom
Moneycontrol.com
According to the report, software and BPO export is likely to grow at 11-14% in FY13, reports CNBC-TV18's Rituparna Bhuyan. On the domestic front, software and BPO growth is seen at 13-16% in FY13. However, the report also sends a warning signal that ...
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Greece Talks, Earnings Will Keep Markets on Edge
CNBC.com
Williams is viewed as dovish, and his comments could add to speculation that the Fed will carry out another round of quantitative easing [cnbcexplains] . The Treasury Wednesday auctions $24 billion in 10-year notes at 1 pm EST.
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Investing in silver better idea than gold now: PJ Commodity
Moneycontrol.com
In an interview to CNBC-TV18, Shreekant Jha, managing director of PJ Commodity Ventures shared outlook and strategies on various commodities like crude, gold and silver. Jha recommends selling crude. Crude has not gathered momentum as a trend on the ...
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'Fast Money' Recap: Disney Deserves to Go Higher
TheStreet.com
Despite the miss, Guy Adami said on CNBC's "Fast Money" TV show that Disney posted a big EPS beat and was a "screaming buy" if the broader market moves higher. Karen Finerman said Disney deserves a premier valuation because it's a premier company.
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NY AG To Make Statement On Mortgage Settlement At 6 PM EST -CNBC
NASDAQ
New York state Attorney General Eric Schneiderman will make a statement at 6 pm EST Tuesday regarding a multi-state settlement over "robo-signing" foreclosure practices, CNBC reported. More than 40 states signed on for the $25 billion agreement with ...
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The Real Cost of Overtime Is Higher Than You Think
CNBC.com
Post-recession [cnbc explains] cutbacks have put pressure on those working to stay that extra hour, or more. “Layoffs happened at my previous employer's office. Now, I get in early and send out emails so they know I'm there," said Ashley Dinsdale, ...
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Is IBM the Corporate Version of Apple?
CNBC.com
7, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Terranova is long VRTS; Terranova is long LQD; Terranova is long MUB; Terranova is long IBM; Terranova is ...
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Kudlow's Message to Mitt: A Rising Tide Lifts all Boats
TheStreet.com
By CNBC 02/07/12 - 02:00 PM EST By Larry Kudlow, CNBC Anchor NEW YORK (CNBC) --That great phrase was coined by the late Jack Kemp, who believed that growth and opportunity for all is the answer to poverty. In fact, Kemp believed it was the answer to ...
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The World, and Everything in it: Government Bailout Actually Hurt ...
By Shill
The World, and Everything in it. Daily news from around the Globe both financial & political. Wednesday, February 08, 2012. Government Bailout Actually Hurt Housing Recovery: Zell - US Business News - CNBC. Government Bailout Actually ...
The World, and Everything in it
China Overtakes Japan as World's Top Coal Importer - Asia - CNBC
China overtook Japan as the world's top coal importer for the first time in 2011, customs data from the countries ... Alternative Investing - A CNBCSpecial Report ...
www.cnbc.com/.../China_Overtakes_Japan_as_World_s_Top_...
NBC Spends Millions on the Buildup to 'Smash'
Some people in America may not know that a show named “Smash” is having its premiere on NBC Monday night. After all, there are still a few homes in the ...
www.nytimes.com/.../nbc-spends-millions-on-the-buildup-to-s...

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