BLOOMBERG News, Mar 14, 2012

Pandit: Citi Aims for 'Meaningful' Shareholder Payout Bloomberg You need to enable Javascript to play media on Bloomberg.comPlay Citigroup Plans `Meaningful' Shareholder Payout Citigroup Inc. (C) Chief Executive Officer Vikram Pandit said the bank still has capacity to return more capital to shareholders and will ... See all stories on this topic » Bloomberg

Fed Says 15 of 19 Banks Have Adequate Capital in Stress Scenario Bloomberg You need to enable Javascript to play media on Bloomberg.comPlay Which Banks Are Under Stress? The resilience of the largest US financial firms when tested against a recession more severe than the last one shows regulators have succeeded in pushing ... See all stories on this topic » Bloomberg

GE Climbs as Fed Stress Tests Boost Confidence in Finance Payout Bloomberg You need to enable Javascript to play media on Bloomberg.comPlay Options Update: GE Grinds Higher on Own Fed Review General Electric Co. (GE) climbed to the highest price in more than nine months after the Federal Reserve's bank stress tests boosted... See all stories on this topic » Bloomberg

RIM Shorts at Eight-Year High in Bet Against CEO's Revival Plan Bloomberg Short interest in RIM climbed to 59.2 million shares at the end of February, the highest since January 2004, according to data compiled by Bloomberg and stock exchanges. Investors taking short positions borrow and sell a stock, aiming to profit by ... See all stories on this topic » Bloomberg

Wall Street Fees Dwindle on AIG Offerings as Insurer Buys Stock Bloomberg Banks made 0.75 percent on the $18.1 billion sale of General Motors Co. (GM) shares and 0.4 percent on a $10.5 billion offering of Citigroup shares in 2010, according to data compiled byBloomberg. The Treasury holds about a third of GM's common shares ... See all stories on this topic » Bloomberg

GOLDMAN SACHS MEMO: RESPONSE TO TODAY'S NEW YORK TIMES OP-ED Bloomberg (The following is an internal memo to Goldman Sachs Group Inc. (GS) employees from Chief Executive Officer Lloyd C. Blankfein and Chief Operating Officer Gary D. Cohn. A copy of the memo was obtained by Bloomberg News. Its contents were confirmed by ... See all stories on this topic » Bloomberg

Apple, Citigroup, MetLife, Zhongpin: US Equity Movers Bloomberg Citigroup Inc. (C) fell 4.1 percent to $34.96. The Fed said the bank failed to meet minimum capital requirements in a stress test. Banks that announced plans to repay a taxpayer bailout advanced. Zions Bancorporation (ZION) rose the most in the S&P 500 ... See all stories on this topic »

Fortress Gains in Servicing Market as BofA Retreats: Mortgages Bloomberg (BAC) and JPMorgan Chase & Co. (JPM) last year reduced by about half the value of their mortgage servicing rights, or MSRs, that estimate future cash flows against costs. For Wells Fargo & Co. (WFC) in San Francisco, the drop was 13 percent. See all stories on this topic »

Pandit Repeats Moynihan Misstep as Fed Rebuffs Citigroup Bloomberg Citigroup Inc. (C) Chief Executive Officer Vikram Pandit missed the lesson that Bank of America Corp. (BAC) CEO Brian T. Moynihan learned when it comes to the Federal Reserve's stress tests. Citigroup fell 3.8 percent in New York trading today after ... See all stories on this topic » Bloomberg

Goldman Employee Criticizes Firm for Ripping Off Clients San Francisco Chronicle March 14 (Bloomberg) -- A departing Goldman Sachs Group Inc. employee mounted an unprecedented public attack on its "toxic and destructive" culture in a New York Times opinion piece, becoming the first serving insider to openly criticize the firm. See all stories on this topic »

S&P 500 Falls After Rising to the Highest Since June 2008 Bloomberg Citigroup Inc. (C) and MetLife Inc. (MET) lost more than 3.8 percent. Bank of America Corp. (BAC) and Zions Bancorporation rose at least 2.6 percent. The Dow Jones Transportation Average fell 1.6 percent as the Fed's improved economic assessment caused ... See all stories on this topic » Bloomberg

European Stocks Rise to Eight-Month High; EON, Bank Shares Gain San Francisco Chronicle March 14 (Bloomberg) -- European stocks advanced to the highest level since July as the Federal Reserve raised its economic assessment of the world's largest economy. EON AG, Germany's biggest utility, gained 7 percent after it reported 2011 earnings ... See all stories on this topic »

RIM Shorts at Eight-Year High in Bet Against Revival Plan San Francisco Chronicle March 14 (Bloomberg) -- Research In Motion Ltd. shares have lost more than 90 percent of their value since mid-2008. That hasn't stopped a surge in bets that the stock will sink further as the BlackBerry maker prepares to report earnings. See all stories on this topic »

European Stock-Index Futures Climb; EON, Wacker May Move Bloomberg The number of shares changing hands on the Euro Stoxx 50 Index was 31 percent higher than the 30-day average, according to data compiled by Bloomberg. The Stoxx 600 rallied 1.8 percent yesterday after reports showed German investor confidence in March ... See all stories on this topic » Bloomberg

Ameristar Casinos, Apple, FXCM, LSI, MetLife: U.S. Equity Movers San Francisco Chronicle March 14 (Bloomberg) -- Shares of the following companies are having unusual moves in US trading. Stock symbols are in parentheses and prices are as of 11:05 am in New York. Insurers declined amid speculation the industry's biggest companies may face ... See all stories on this topic »

Former Merck Unit Works on First Vaccine for Hepatitis C Bloomberg Okairos AG, a biotechnology business that Merck & Co. (MRK) sold to venture capital funds in 2007, is seeking to produce the first preventive vaccine for hepatitis C, challenging makers of treatments for the disease. Okairos has begun a mid-stage study ... See all stories on this topic »

Anadarko, Apple, Citigroup, MetLife, Zynga: U.S. Equity Preview San Francisco Chronicle March 14 (Bloomberg) -- Shares of the following companies may have unusual moves in US trading. Stock symbols are in parentheses and prices are as of 8:45 am in New York. Anadarko Petroleum Corp. (APC US) increased 0.9 percent to $84.40. See all stories on this topic »

Goldman Sachs Employee Criticizes Firm for Ripping Off Clients Bloomberg Greg Smith, identified by the newspaper as an executive director and head of the bank's US equity derivatives business in Europe, will leave the firm after 12 years, blaming Chief Executive Officer Lloyd C. Blankfein and President Gary D. Cohn for ... See all stories on this topic » Bloomberg

Manulife Rises on Fed Outlook, Interest Rates: Toronto Mover Bloomberg Manulife jumped 5.6 percent to C$13.36 at 11:15 am in trading on the Toronto Stock Exchange and earlier touched C$13.40. It was the biggest one-day gain for the Toronto-based company since Dec. 5. The owner of Boston-based John Hancock Financial has ... See all stories on this topic »

Canadian Natural Gas Advances on Signs Producers Trimming Output Bloomberg Alberta gas for April delivery rose 4.25 cents to C$1.79 a gigajoule ($1.71 per million British thermal units) as of 1:25 pm New York time on NGX, a Canadian Internet market. Gas traded on the exchange is shipped to users in Canada and the US and ... See all stories on this topic »

Carlyle Seeks IPO for Allison Transmission at Triple 2007 Value Bloomberg Delphi, the car-parts maker formerly owned by GM that went public last year, has an enterprise value-to-Ebitda multiple of about 5.5, data compiled byBloomberg show. Remy, the former GM unit that exited bankruptcy in 2007, has an enterprise value of ... See all stories on this topic »

Rare-Earth Complaint May Backfire for U.S., Lifton Says Bloomberg If the WTO compels China to raise exports, it will “create a monster competitor” to Molycorp Inc. (MCP), the sole US rare- earth producer, Lifton, co-founder of Technology Metals Research, said in a telephone interview yesterday. See all stories on this topic » Bloomberg

Citigroup, SunTrust Banks Capital Plans Fail Fed Stress Tests Bloomberg Citigroup Inc. (C), the lender that took the most government aid during the financial crisis, will try again to win approval for its capital plan after failing to meet minimum standards in US stress tests. The Federal Reserve objected yesterday to ... See all stories on this topic » Bloomberg

Hong Kong Short Selling Turnover (Main Board) Recorded 03/14/201 Bloomberg Hong Kong, 03/14/2012 (Bloomberg) - Short selling was recorded on the Main Board of the Hong Kong Stock Exchange for the following companies as of 00:45 today. Number Short Percent of shares selling Total of short Tkr sold short turnover turnover to ... See all stories on this topic »

Fraport May Lose Bid for 17 Frankfurt Night Flights, Court Says Bloomberg The cases are BVerwG, 4 C 8/09 et al. To contact the reporters on this story: Karin Matussek in Leipzig via kmatussek@bloomberg.net To contact the editor responsible for this story: Anthony Aarons in London at aaarons@Bloomberg.net LinkedIn Google +1 ... See all stories on this topic »

JPMorgan Joins Wells Fargo in Boosting Dividend Bloomberg JPMorgan Chase & Co. (JPM) and Wells Fargo & Co. joined US banks raising dividends and authorizing share repurchases after passing the Federal Reserve's test of how lenders would fare in an economic decline. JPMorgan, the largest US bank, will increase ... See all stories on this topic » Bloomberg

JPMorgan Among Banks Agreeing to $25 Million MERS Deal With N.Y. Bloomberg Bank of America Corp., JPMorgan Chase & Co. (JPM) and three other banks that reached a $25 billion national settlement over foreclosure practices have agreed to pay $25 million to New York to resolve some monetary claims over the use of a mortgage ... See all stories on this topic » Bloomberg

Morning Take-Out New York Times Blankfein Spotted at Theater Benefit | Lloyd C. Blankfein and Gary D. Cohn, leaders of Goldman Sachs, attended a benefit event for the Roundabout Theater Company, Bloomberg News reports. BLOOMBERG NEWS The Tax Man Cometh for a Former Lehman Banker ... See all stories on this topic »

Coleman Cable, Cornerstone, MetLife, Midas: U.S. Equity Movers San Francisco Chronicle March 13 (Bloomberg) -- Shares of the following companies had unusual moves in US trading. Stock symbols are in parentheses and prices are as of 4 pm in New York. Banks advanced after JPMorgan Chase & Co. raised its dividend and said it would buy back ... See all stories on this topic »

Pharmalot… Pharmalittle… Good Morning // Pharmalot By Ed Silverman Former Merck Unit Develops First Hepatitis C Vaccine (Bloomberg News). Dozen Pa Docs Probed For Antipsychotic Prescribing (Philadelphia Inquirer). China Health Care Cost-Cutting Threatens Pharma Profits (Bloomberg News)... Pharmalot

US-Obama Approval: 48% Approve, 47% Disapprove (Bloomberg 3 ... By The Huffington Post News Team HotlineJosh Mendoza line RT @mmurraypolitics Average Obama's job approval in last 5 natl polls (WaPo/ABC, NYT/CBS, Reuters, Bloomberg, Pew), it's 47%. 53 minutes ago from web. latimesmuskal Among pollsters, no consensus on Obama approval rating http://t.co/G2joMCaz · 1 hour ago from dlvr.it .... President's Day | Rasmussen | The Daily Caller - Breaking News, Opinion, Research, and Entertainment · John McCain: Obama Has "Learned a Lot" - Face The Nation - CBS News ... Poll Update on Huffington Post

Rush prevails over Obama « Don Surber By Don Surber All other questions were of Adults – well, I'll just let Bloomberg say it: “March 14 (Bloomberg) — The Bloomberg National Poll, conducted Mar 8-11 forBloomberg News by Selzer & Co. of Des Moines, IA, is based on interviews with 1002 U.S. ... Don Surber

Royal Bank of Canada, Toronto-Dominion Tops ... - Bloomberg Royal Bank of Canada and Toronto- Dominion Bank, the country's two biggest banks, raised their dividends after reporting profits that topped analysts' estimates ... www.bloomberg.com/.../royal-bank-of-canada-raises-dividend...

Goldman Secret Greece Loan Shows Two Sinners as ... - Bloomberg Greece's secret loan from Goldman Sachs Group Inc. was a costly mistake from the start. www.bloomberg.com/.../goldman-secret-greece-loan-shows-t...

IPhone Fails to Gain China Share as Samsung Lead ... - Bloomberg Apple Inc. got a second partner in China to sell the iPhone in the world's biggest mobile-phone market. The deal may be too late to catch Samsung Electronics... www.bloomberg.com/.../iphone-fails-to-gain-china-share-as-sa...

Greek Credit Swaps Payouts to Be Expedited After ... - Bloomberg A committee of credit-default swaps traders will expedite an auction to settle about $3 billion of contracts tied to Greece after the nation took steps to force investors to ... www.bloomberg.com/.../greek-debt-deal-might-trigger-3-billi...

Toronto-Dominion First-Quarter Profit Falls on Litigation ... - Bloomberg Toronto-Dominion Bank, Canada's second-largest bank, said profit declined for the first time in more than a year after it recorded litigation costs related to a ... www.bloomberg.com/.../toronto-dominion-first-quarter-profit...

Japan Says in Talks to Start Importing LNG From ... - Bloomberg Japan, the world's biggest importer of liquefied natural gas, is in talks to start shipping the fuel from the continental U.S. after the Fukushima disaster last year ... www.bloomberg.com/.../japan-may-start-lng-imports-from-co...

Life as Libor Traders Knew It Seen as Abusive by ... - Bloomberg Regulators probing the alleged manipulation of global interest rates are focusing on what traders involved in setting the benchmark say were routine discussions ... www.bloomberg.com/.../life-as-libor-traders-knew-it-seen-as-a...

Cash Hoard Grows by $187 Billion in Untaxed ... - Bloomberg U.S. companies led by General Electric Co. and Pfizer Inc. stockpiled an additional $187 billion in untaxed overseas profits over the past year, boosting their ... www.bloomberg.com/.../cash-horde-expands-by-187-billion-i...

Fairfax's Once-Sprawling Racketeering Suit Shrinks as ... - Bloomberg Fairfax Financial Holdings Ltd., with seven of eight hedge funds it accused of spreading false rumors out of a lawsuit, may see the $24 billion case shrink again ... www.bloomberg.com/.../fairfax-s-once-sprawling-racketeering...

Wheat Drops for Second Day as U.S. Storms May ... - Bloomberg Wheat fell for a second day in Chicago on speculation storms in parts of the U.S., the world's biggest exporter, will boost soil moisture. Soybeans declined... www.bloomberg.com/.../wheat-declines-as-snow-may-help-eas...

At Lunch, Bloomberg and Obama Discuss Future In 2009, Mr. Obama endorsed former Comptroller William C. Thompson Jr., Mr.Bloomberg's Democratic challenger, in the mayor's race, albeit tepidly. www.nytimes.com/.../at-a-private-lunch-bloomberg-and-obam...

Pandit: Citi Aims for 'Meaningful' Shareholder Payout You need to enable Javascript to play media on Bloomberg.com Play Citigroup Plans ... Pandit wrote in an employee memo obtained by Bloomberg News. www.bloomberg.com/.../pandit-says-citigroup-aims-for-meani...

Citigroup Names Peter Tague Co-Head of Mergers Worldwide With Mark ... Citigroup Inc. (C), ranked seventh among mergers and acquisitions advisers last ... said in a memo distributed last week and obtained by Bloomberg News. www.bloomberg.com/.../citigroup-names-peter-tague-co-head...

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