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Apr 11, 2012

BLOOMBERG News, Apr 11, 2012

Gas Producers' Credit Lines Shrink With Price: Corporate Canada
Bloomberg
The producer agreed to pay 100 basis points more than inter-bank lending rates for its C$500 million credit facility, according to data compiled byBloomberg. Bank of Montreal (BMO) and Toronto-Dominion Bank (TD) helped arrange the loan for Lone Pine, ...
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Fed Says Economy Growing at 'Modest to Moderate' Pace in March
Bloomberg
Growth Outlook The US economy, which grew at a 3 percent annual rate in the final three months of last year, will probably expand 2.2 percent in 2012 and 2.4 percent in 2013, according to aBloomberg News survey of 72 economists.
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Bloomberg
Profit Drop at U.S. Banks Imperils Rally
Bloomberg
The banks will post $15.3 billion in net income when adjusted for one-time items, down from $17.3 billion in last year's first quarter, according to a Bloomberg survey of analysts. Trading revenue at the biggest lenders is projected to fall 23 percent ...
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Bloomberg
Canadian Dollar Rises From 10-Week Low on Growth Optimism
Bloomberg
Canada's currency appreciated 0.2 percent to C$1.0023 per US dollar at 9:31 am in Toronto, after falling to C$1.0053, the weakest level since Jan. 31. One Canadian dollar buys 99.77 US cents. Housing starts rose in March to 215600 at a seasonally ...
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Wells Fargo Gets Medical Development Restructuring Officer
Bloomberg
Delaware Chancery Court Judge Sam Glasscock approved the appointment of Mark C. Healy of Michael Moecker & Associates of Jacksonville, Florida, in an order made public today in Wilmington, Delaware. “The financial condition of defendants has ...
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U.S. Swap Regulators Said to Weigh Dealer Line Above $3 Billion
Bloomberg
(BAC), Citigroup Inc. (C), Morgan Stanley (MS) and Goldman Sachs Group Inc. (GS) control 95 percent of cash and derivatives trading for US bank holding companies as of Dec. 31, according to the Office of the Comptroller of the Currency.
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'Fortune 500' of 1812 Shows US Banks' Early Influence
Bloomberg
5), founded in 1812, is today's Citigroup Inc. (C), observing its 200th anniversary this year. And the Manhattan Co. (No. 8), more recently known as Chase Manhattan, survives as part of JPMorgan Chase & Co. (JPM) Bank of New York (No.
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Bloomberg
Hong Kong Short Selling Turnover (Main Board) Recorded 04/11/201
Bloomberg
Hong Kong, 04/11/2012 (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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Wheat Rises as Cold U.S. Weather May Slow Crop Development
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: Patrick McKiernan at pmckiernan@bloomberg.net LinkedIn Google +1 COMMENTS Print QUEUE Related News: ...
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Canadian Currency Pares Gain, Trades at C$1.0026 per US Dollar
Bloomberg
The Canadian currency pared its advance, trading at C$1.0026 per US dollar at 11:25 am Toronto time. To contact the reporter on this story: Dennis Fitzgerald in New York at dfitzgerald5@bloomberg.net To contact the editor responsible for this story: ...
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Jaguar Mining Surges as Shandong Halted on News: Toronto Mover
Bloomberg
Jaguar, the Concord, New Hampshire-based company that operates mines in Brazil, surged 15 percent to close at C$4.65 in Toronto. The increase was the biggest since Nov. 16, the day that Shandong's interest was first reported.
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DOJ Could Sue Apple Today Over E-Books: Reports
Wired News (blog)
By John C Abell The Justice Department could sue Apple as early as Wednesday over e-book price fixing, Reuters reports, citing “two people familiar with the matter.” No final decision has been made, Reuters reports, and it said Apple declined comment.
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Wired News (blog)
Wireless carriers cooperate to thwart smartphone thieves
Kansas.com
Illustrates SMARTPHONES (category f), by Hugo Miller (c) 2012, BloombergNews. Moved Monday, Feb. 6, 2012. (MUST CREDIT: Bloomberg News photo by David Paul Morris). Amy Stewart had much of her life nestled in her smartphone. It gave her instant access ...
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AOL, Mitek, Nike, Stein Mart, Printex: Intellectual Property
Bloomberg
“The announced sale of the patents does little to address our serious concerns with the company's poor operating performance and substantial losses in the display business,” Jeffrey C. Smith, Starboard's co-founder and chief executive officer, ...
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B.C. Corporate Taxes Won't Increase, Minister Falcon Says
Bloomberg
British Columbia anticipates a C$968 million ($964 million) budget shortfall in the year that began April 1, according to budget documents. The government's blueprint projects a C$154 million surplus in the 2013-14 fiscal year and aC$250 million ...
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Crane Operators and New York Spar Over Licensing Rules
New York Times
The union and its supporters have submitted their own bill to the City Council, setting up a potential showdown with Mayor Michael R. Bloomberg. But the squabbling over new licensing requirements has as much to do with labor-management strife as it ...
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Canada Natural Gas Drops on Mild Weather Forecast for U.S. East
Bloomberg
Alberta gas for May delivery dropped 3.75 cents to C$1.615 a gigajoule ($1.52 per million British thermal units) as of 6 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 priced ...
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Kenyans Almost Dead on Worst Roads Getting New Highways: Freight
Bloomberg
Kenya also is securing a $600 million loan, arranged by Citigroup Inc. (C), South Africa's Standard Bank Group Ltd. (SBK) and London-based Standard Chartered Plc (STAN), to finance roadway, energy and irrigation projects in the fiscal year through June ...
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Bloomberg
Big Bank Analysts Grow More Bearish Ahead of Earnings
TheStreet.com
Bloomberg data show analyst sentiment on a particular stock using a numeric system from one to five. A stock that has a rating of five has a "buy" recommendation from every analyst that follows it, while a stock with a rating of one has a unanimous ...
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TheStreet.com
Hunger Games director Gary Ross signs off sequel
Vancouver Sun
By Anthony Palazzo April 11 (Bloomberg) — Gary Ross, director of Lions Gate Entertainment Corp.'s “The Hunger Games,” dropped out of the sequel, clouding the future of a film franchise that has amassed $464 million in ticket sales in its first ...
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Peru Stocks: Atacocha, Austral, Candente, Brocal, Pomalca
Bloomberg
Empresa Agroindustrial Pomalca SA (POM\C) (POMALCC1 PE), a sugar producer, fell 3.4 percent to 56 centimos after sugar futures declined in New York. Austral Group SA (AUSTRAC1 PE), a unit of Austevoll Seafood ASA, dropped 3.3 percent to 29 centimos ...
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JPMorgan's London Whale A Loch Ness Monster for Our Times
TheStreet.com
JPMorgan's Iksil is a French-born London-based trader who "has amassed positions so large" that he's "said to distort credit indexes," according to a Bloomberg report on Friday that cites unnamed traders outside JPMorgan. Certainly Bloomberg is one of ...
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TheStreet.com
Loonie Climbs On Fastest Pace In Housing Starts In March Since October 2008
TheStreet.com
The consensus call of 18 economists surveyed by Bloomberg News had called for a slowdown to 200000 housing starts in March. New starts climbed 17.2 percent in March from a year ago, compared with February's year-on-year rate of 14.1 percent.
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Washington prepares for its annual edition of dining with the stars
The Hill
C-SPAN airs the event live. Bloomberg and Vanity Fair host an after-party at the French ambassador's residence. MSNBC is hosting an after-party at the Italian Embassy. Capitol File magazine hosts its seventh annual after-party at the Newseum.
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Wheat Rises as Cold US Weather May Slow Crop Development
BusinessWeek
By Tony C. Dreibus on April 11, 2012 Wheat rose on speculation that cold weather in US growing areas may slow development of plants that have begun to emerge from the ground. Cold weather in the US northern Plains where some spring wheat was planted ...
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Why Gasoline Isn't $4 Per Gallon Nationally
BusinessWeek
A Bloomberg survey of energy analysts indicates that US crude supplies climbed to 364.4 million barrels last week, their highest level for early April since 1990. Supplies in Cushing, Okla., where the price of West Texas Intermediate is set, ...
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Wells, JP Morgan, other big US banks may see lower profits in 1Q
Philadelphia Business Journal
The six largest banks in the nation may post a drop in first-quarter profit,Bloomberg News is reporting. According to a survey of Bloomberg analysts, the banks will post $15.3 billion in net income, compared to $17.3 billion during last year's first ...
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Gas Glut Rejiggers Industry
Wall Street Journal
Photo: Bloomberg The natural-gas surplus has implications for a variety of industries. Energy companies that produce gas are seeing revenue shrink and are searching for more lucrative oil. Cheap gas is stealing power-generation markets from coal, ...
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Housing starts up more than expected in March
Calgary Herald
That beat the median estimate of 200000 from economists polled byBloomberg. "The upward movement in March was largely due to an increase in multiple starts, particularly in Ontario and the Prairies," CMHC deputy chief economist Mathieu Laberge said in ...
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Morning Media Newsfeed 04.11.12 - Media News
NYT / Media Decoder The complaint said that in two markets, Florida and Georgia, Comcast had created cable news channel "neighborhoods" that did not include Bloomberg Television; the Bloomberg channel has a fraction of the viewers of ...
mediabistro.com: Media News
Bloomberg takes another FCC shot at Comcast - latimes.com
By Joe Flint
At issue is where Bloomberg's business news channel is located on Comcast-owned cable systems in relation to Comcast's own channels CNBC and MSNBC. Bloomberg has claimed that a condition of the merger requires Comcast to move ...
Company Town
Canadian Oil Boom Reverberates in Offices as Returns ... - Bloomberg
Bank of Nova Scotia may have found the perfect time to sell Scotia Plaza, a Toronto office complex that's expected to fetch as much as C$1.5 billion ($1.5 billion), ...
www.bloomberg.com/.../canadian-oil-boom-reverberates-in-of...
Toyota Sets Prius Sales Record on Bigger Lineup, Gas ... - Bloomberg
Toyota Motor Corp.'s U.S. sales of Prius hybrids reached a record in March and in the first quarter, propelled by higher gasoline prices and two new models.
www.bloomberg.com/.../toyota-sets-prius-sales-record-on-exp...
Abbott Hepatitis C Therapy Works After Other Drugs Fail - Bloomberg
Abbott Laboratories' experimental hepatitis C treatment cured almost half of patients who couldn't eliminate the virus with therapies now on the market, ...
www.bloomberg.com/.../abbott-hepatitis-c-therapy-cures-patie...
Petronas Plans Canadian Acquisition Topping $5 Billion - Bloomberg
Petroliam Nasional Bhd., the Malaysian state-owned oil company, is studying a Canadian acquisition exceeding $5 billion as part of the company's drive to ...
www.bloomberg.com/.../petronas-plans-canadian-acquisition-t...
Canada Dollar Strengthens for 2nd Quarter on U.S. ... - Bloomberg
Canada's dollar rose for a second quarter versus its U.S. counterpart as the outlook for the American economy improved and speculation the euro-zone debt ...
www.bloomberg.com/.../canada-dollar-strengthens-for-2nd-qu...
Scene in D.C.: Bob Schieffer, CBS 'Hangouts' With ... - Bloomberg
Guests entering Fathom art gallery last night encountered purple socks hanging on a makeshift laundry line.
www.bloomberg.com/.../scene-in-d-c-bob-schieffer-cbs-hango...
J.C. Penney to Cut About 300 Jobs at Pittsburgh Center - Bloomberg
J.C. Penney Co., the fourth-largest U.S. department-store company, is eliminating about 300 jobs in Pittsburgh, in addition to cuts at the company's headquarters ...
www.bloomberg.com/.../j-c-penney-to-eliminate-400-jobs-at-...
WJ: Timothy Homan (Bloomberg News) on the Economy - C-SPAN ...
A digital archive of C-SPAN video ... C-SPAN VIDEO LIBRARY Created by Cable. Offered as a Public ... WJ: Timothy Homan (Bloomberg News) on the Economy ...
www.c-spanvideo.org/program/JTim
Bloomberg and Reuters: The Future of News | Adweek
There's no mistaking where Andy Lack feels Bloomberg LP is positioned versus its competitors. “We may be the last man standing,” says Lack, who oversees the ...
www.adweek.com/.../bloomberg-and-reuters-future-news-139...
First Quantum Takeover Turns on Anglo-Rio Talk - Bloomberg
For mining companies seeking a deal in copper, no producer in the industrialized world is offering faster earnings growth than First Quantum Minerals Ltd.
www.bloomberg.com/.../first-quantum-takeover-turns-on-angl...
Trayvon Martin shooting puts focus on FL gun laws
Article:Trayvon Martin shooting puts focus on FL gun laws:/c/a/2012/03/29/ MNBN1NS224.DTL. Article:Trayvon Martin ... More Crime News. Oikos shooting: ...
www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/03/29/...
Royal Bank of Canada to Buy Dexia Stake for C$1.1 ... - Bloomberg
Royal Bank of Canada, the country's largest bank, agreed to buy the 50 percent of RBC Dexia Investor Services Ltd. it doesn't already own from Banque ...
www.bloomberg.com/.../royal-bank-of-canada-to-buy-dexia-s...
Bloomberg: Bud and Miller merging? — the330.com
c.2012 Bloomberg News. By Clementine Fletcher. April 5 (Bloomberg) — The Brazilian investors who plan to list Burger King Worldwide Holdings Inc. may use ...
the330.com/uncategorized/bloomberg-bud-and-miller-merging/
Canada Grocer Under Wal-Mart Pressure Seeks Growth in NY ...
Go To Businessweek.com. Bloomberg Businessweek · News FromBloomberg ... year Loblaw earned C$769 million ($771 million) on C$31.3 billion in sales.
www.businessweek.com/.../canada-grocer-under-wal-mart-pre..
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