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Mar 28, 2012

BLOOMBERG News, Mar 28, 2012

Amylin Said to Have Spurned $3.5 Billion Bristol Bid
Bloomberg
You need to enable Javascript to play media on Bloomberg.com Play Amylin Surges After Rejecting Bristol Myers Bid Amylin Pharmaceuticals Inc. (AMLN), the maker of the diabetes drug Bydureon, rejected a $3.5 billion unsolicited takeover bid from ...
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Goldman Saves Blankfein Dual Role With Lead Director
San Francisco Chronicle
March 27 (Bloomberg) -- Goldman Sachs Group Inc. won't face a union challenge to Lloyd C. Blankfein's dual role as chairman and chief executive officer after agreeing to appoint an independent board member as "lead director.
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Obama Power-Plant Rule Signals Demise of 'Old King Coal'
Bloomberg
Andrew Harrer/Bloomberg For critics, from mining companies and utilities to coal-country lawmakers, the Environmental Protection Agency regulations are meant to put coal out of business. President Barack Obama's proposed carbon-dioxide rules for power ...
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Bloomberg
Enbridge Pipelines to Ease Crude Logjam: Corporate Canada
Bloomberg
Western Canada Select oil, a Canadian benchmark, has sold for about $42 a barrel less than world prices this year, a record gap, according to data compiled by Bloomberg. The differential is more than four times greater than the same period two years ...
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Amylin Said to Have Rejected $3.5 Billion Bid From Bristol
San Francisco Chronicle
March 28 (Bloomberg) -- Amylin Pharmaceuticals Inc., the maker of the diabetes drug Bydureon, rejected a $3.5 billion unsolicited takeover bid from Bristol-Myers Squibb Co. earlier this year, according to two people with knowledge of the matter.
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Canadian Dollar Depreciates to Lowest This Month Against
Bloomberg
The currency has averaged about C$1.0050 over two years, data compiled byBloomberg show. The US dollar has breached the 50-day moving average at 99.70 cents, “however it remains near the center of a two-month range,” Eric Theoret, ...
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Bush's Despised Broccoli Gets 'Respect' in Health-Care Arguments
San Francisco Chronicle
March 28 (Bloomberg) -- Broccoli, the nutrient-rich vegetable derided by President George HW Bush two decades ago, found respect at the US Supreme Court during debate on the federal health-care law. The often-steamed cultivar, part of the cabbage ...
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Amylin rejected bid by Bristol-Myers Squibb
The Star-Ledger - NJ.com
By Bloomberg News The Star-LedgerBristol-Myers proposed an acquisition at $22 a share in a letter to Amylin, which the board turned down last month, according to a story published byBloomberg. Amylin Pharmaceuticals, the maker of the diabetes drug ...
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The Star-Ledger - NJ.com
Canadian Natural Gas Falls as US Stockpile Increase Forecast
Bloomberg
US stocks of the fuel probably rose 48 billion cubic feet last week, the median of 24 analyst estimates compiled by Bloomberg (DOENUSCH). The five-year average inventory change for the week is a decrease of 8 billion cubic feet, according to the Energy ...
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Transocean Biggest Winner From 28% Jump in Oil Rig Rates: Energy
San Francisco Chronicle
March 28 (Bloomberg) -- Transocean Ltd., the deep-water rig owner that's trailed competitors in the stock market since its equipment burned and sank in the 2010 Gulf of Mexico oil spill, is set to benefit the most this year from a surge in demand.
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Canadian Stocks Fall as Energy Shares Drop Along With Oil
Bloomberg
Canadian Natural Resources declined 1.4 percent to C$32.89. Suncor Energy Inc. (SU), Canada's largest oil and gas producer, decreased 1.4 percent toC$32.42. To contact the reporter on this story: Joseph Ciolli in New York at jciolli@bloomberg.net To ...
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Huntington Ingalls Rises After Profit Beats Analysts' Estimates
Bloomberg
31 was $59 million, or $1.19 a share, exceeding the average estimate of 94 cents a share by 11 analysts surveyed by Bloomberg. Before today, the shares declined 3.4 percent since the company was spun off by parent Northrop Grumman Corp.
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Morning Take-Out
New York Times
BLOOMBERG NEWS Goldman to Alter Board Structure | Goldman Sachs struck a deal with the American Federation of State, County and Municipal Employees, to appoint a “lead” director and to prevent shareholders from voting on whether to replace Lloyd C.
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New York Times
Huntington Ingalls Profit Falls 6% on Higher Interest Expense
Bloomberg
The average estimate of 11 analysts surveyed by Bloomberg was 94 cents a share. Sales declined less than 1 percent to $1.74 billion in the quarter ending Dec. 31. Huntington Ingalls Chief Executive Officer Mike Petters faces the challenge of containing ...
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Soybeans Gain on U.S. Acreage Speculation, South America Drought
Bloomberg
To contact the reporters on this story: Luzi Ann Javier in Singapore at ljavier@bloomberg.net; Tony C. Dreibus in London at tdreibus@bloomberg.net. To contact the editor responsible for this story: Claudia Carpenter at Ccarpenter2@bloomberg.net.
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Citigroup Names William Howle Head of U.S. Commercial Banking
Bloomberg
Citigroup Inc. (C) expanded William Howle's role in its commercial banking arm, making him the unit's US head, as retail bank boss Cecelia “CeCe” Stewart seeks to reverse a slide in profit. Howle remains chief operating officer of US consumer and ...
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Amylin Offers a "Win-Win"
Barron's
But when Bloomberg reported today that the company rejected a $3.5 billion unsolicited takeover offer from Bristol-Myers Squibb last month, shares skyrocketed. Up 45% to a recent $22.32, Amylin's stock (ticker: AMLN) jumped to levels not seen since ...
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U.K. Wheat Stockpiles to Exceed Forecast as Usage Declines
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. LinkedIn Google +1 Print QUEUE.
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Peru Stocks: Buenaventura, Cerro Verde, Panoro, Southern
Bloomberg
(PCU\C) (SCCO PE), dropped 4.6 percent to $30.72 after copper declined in New York, said Estefany Castillo, an analyst at Scotiabank Peru. Panoro Minerals Ltd. (PML) , a Canadian copper and gold exploration company, fell for the first time in four days ...
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Goldman Sachs Preserves Blankfein's Dual Role With Lead Director
Bloomberg
Goldman Sachs Group Inc. (GS) won't face a union challenge to Lloyd C. Blankfein's dual role as chairman and chief executive officer after agreeing to appoint an independent board member as “lead director.” “We think it's a step in the right direction ...
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Bloomberg
Hong Kong Short Selling Turnover (Main Board) Recorded 03/28/201
Bloomberg
Hong Kong, 03/28/2012 (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 ...
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Citigroup Study Shows Asian Rich Topping North American
Bloomberg
The number of Asians with at least $100 million in disposable assets overtook North America's tally for the first time as the world's “economic center of gravity” continued moving east, Citigroup Inc.'s (C) private bank said.
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Bloomberg
Ontario Freezes Wages, Scraps Tax Cuts to Balance Budget by 2017
Bloomberg
The deficit in Canada's most-populous province will fall to C$15.2 billion ($15.2 billion) in the fiscal year that begins April 1, down from C$15.3 billion in the current year, according to the budget released in Toronto today.
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Dear Al Sharpton: Leave Trayvon Martin Alone
Bloomberg
Sharpton joined two other black activists, Alton Maddox Jr. and C. Vernon Mason, in glomming onto 15-year-old Brawley, who'd disappeared for four days from her upstate New York home and was found lying unresponsive in a black garbage bag, smeared with ...
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Ackman CEO Pick's Policies Criticized by Canadian Pacific
San Francisco Chronicle
March 27 (Bloomberg) -- William Ackman's pick to lead Canadian Pacific Railway Ltd. would drive customers away if he employs the tactics he used to boost profitability at larger rival Canadian National Railway Co., the smaller carrier said.
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RBS, UBS, Goldman, Health-Care Law, J&J, JPMorgan in Court News
Bloomberg
Investigators have sought information from lenders including RBS, Citigroup Inc. (C) and Deutsche Bank AG. Paul White, RBS's principal rate setter for yen Libor, and Tan's team in London were “specifically seated together” in the London office to ...
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Amylin jumps on word of offer from Bristol-Myers
CNBC.com
Bloomberg reported that Bristol-Myers proposed to buy Amylin for $22 per share. It said there have been no talks between the companies since the initial offer earlier this year. Bristol-Myers Squibb and Amylin declined to comment on the story, ...
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Broccoli Banned by Bush Gets 'Respect' in Health-Care Arguments
Bloomberg
Eating more broccoli may lower medical costs because of its wealth of anti-oxidants, abundant Vitamin C and presence of cancer-fighting nutrients such as sulforaphane and diindolylmethane, Gilmer said. Broccoli has been part of the health-care debate ...
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Bloomberg
TriWest Fires at UnitedHealth in $20.5 Billion Award Fight
Bloomberg
The company's legal woes are “no more or less than any other insurer,” Ana Gupte, an analyst with Sanford C. Bernstein & Co. in New York, said in an e-mail yesterday. UnitedHealth is a “very strong, high-quality health benefits provider,” said Gupte, ...
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News Corp Said To Develop U.S. Sports Network To Challenge ...
News Corp Said To Develop U.S. Sports Network To Challenge Espn -Bloomberg. From: Rumors - 2:39pm - March 28, 2012. (c) 2011 Benzinga.com. All rights ... Continue reading this article » ...
eWallstreeter
The Latin Americanist: Pope Calls for Change During Havana Mass
By Erwin C.
Video Source – YouTube via RomeReports.com. Online Sources – Miami Herald, Catholic News Service, MSNBC, IOL, New York Daily News,Bloomberg, Times of India. Posted by Erwin C. at 1:30 PM. Labels: Catholic Church, Cuba, ...
The Latin Americanist
Express Scripts, BofA, JPMorgan, UBS, Lehman in Court News ...
Five states are considering whether they will sue to challenge Express Scripts Inc .'s bid for Medco Health Solutions Inc. if federal antitrust regulators approve the ...
www.bloomberg.com/.../bofa-jpmorgan-cardinal-health-ubs-b...
Mayor Bloomberg Visits Goldman Employees After Smith Op-Ed ...
New York City Mayor Michael Bloomberg visited Goldman Sachs Group Inc. (GS)' s headquarters in Manhattan in a show of support after a departing employee ...
www.businessweek.com/.../mayor-bloomberg-meets-with-gold...
Google customers sue company over privacy rules
... customers sue company over privacy rules:/c/a/2012/03/21/BUOK1NMS5Q. DTL .... according to an investor presentation obtained by Bloomberg News.
www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/03/21/...
Michael Bloomberg Strikes Again: New York City Bans Food ...
CBS New York cbs-2 wcbs-880 wfan 1010WINS-logo_header WLNY- placeholder .... http://cityroom.blogs.nytimes.com/2009/06/08/few-know- bloombergs-party- ...
newyork.cbslocal.com/.../bloomberg-strikes-again-nyc-bans-f...
Who Is Gaming Bloomberg.com to Keep Bullish Articles “Most ...
Bloomberg Feb 23, 2012 4:39 PM ET http://www.bloomberg.com/news/2012-02- 23/s-p-500-gets-9-cheaper-as-record-profit-restores-3-2-trillion-to-stocks.html ...
www.ritholtz.com/blog/2012/03/gaming-bloomberg/
Amylin Said to Have Spurned $3.5 Billion Bristol Bid
You need to enable Javascript to play media on Bloomberg.com Play Amylin... Reg Gale at rgale5@bloomberg.net LinkedIn Google +1 Print QUEUE Related News: ...
www.bloomberg.com/.../mylin-said-to-have-spurned-3-5-billi...
Bloomberg charity boosts global anti-smoking effort - Yahoo! News
From Yahoo! News: NEW YORK (Reuters) - Michael Bloomberg's charitable foundation will commit an additional $220 million over the next four years to fighting ...
news.yahoo.com/bloomberg-charity-boosts-global-anti-smoki...
China to Cut Back on Iranian Oil Imports; Sinopec
26, 2012 - March 26 (Bloomberg) -- Neil Beveridge, an analyst at Sanford C. Bernstein & Co., talks about Iranian oil exports and China Petroleum & Chemical ...
www.washingtonpost.com/.../gIQAizoPbS_video.html
Tebow isn't No. 1 with Bloomberg - NY Daily News
First, it was Peyton Manning — and now Mayor Bloomberg is gunning for Tim Tebow's job. Hizzoner, who has been jetting around the Pacific Rim on city ...
www.nydailynews.com/.../tebow-1-bloomberg-article-1.10501...
Fed's Plosser Sees No Need at Moment for Additional Stimulus
Philadelphia Federal Reserve Bank President Charles Plosser said he doesn't currently see any need for additional monetary stimulus as the economy ...
www.bloomberg.com/.../fed-s-plosser-sees-no-need-at-momen...
Bloomberg News talks about Amazon FBA - HonestOnlineSelling.com
Here The highlight for online sellers, if you take away just one point, is "[Amazon is] training the consumer to start and end their shopping process at Amazon".
honestonlineselling.blogspot.com/.../bloomberg-news-talks-ab...
Corzine Corzined - Congressional Panel Finds Former MF Global ...
Just released from Bloomberg:MF GLOBAL'S CORZINE ORDERED FUNDS MOVED ... drafted by congressional investigators and obtained by BloombergNews. ... http://news.yahoo.com/blogs/lookout/police-chief-trayvon-martin-case- step- ...
www.zerohedge.com/.../corzine-corzined-congressional-panel-...
MAYOR BLOOMBERG OPENS FIVE NEW SOUNDSTAGES AT ...
By Ray Pride Pride@moviecitynews.com. MAYOR BLOOMBERG OPENS FIVE NEW SOUNDSTAGES AT STEINER STUDIOS AND ANNOUNCES NEW...
moviecitynews.com/.../mayor-bloomberg-opens-five-new-sou...
TV Cameras Rejected in U.S. Supreme Court Health ... - Bloomberg
The court, in a statement citing the “extraordinary public interest” in the case, said it will post the audio on its website each afternoon of the three-day argument.
mobile.bloomberg.com/.../tv-cameras-rejected-in-u-s-supreme...
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