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Apr 25, 2012

BLOOMBERG News, Apr 25, 2012

Lloyd Live: Blankfein Takes to the Airwaves
New York Times (blog)
By KEVIN ROOSE Bloomberg NewsLloyd C. Blankfein, chief of Goldman Sachs, shied away from making news in his television appearances. But on Wednesday, Mr. Blankfein took to the airwaves twice, appearing on both CNBC and BloombergTelevision to promote ...
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New York Times (blog)
Goldman's Blankfein Says Markets May Show 'Things Go Right'
San Francisco Chronicle
April 25 (Bloomberg) -- Goldman Sachs Group Inc. Chairman and Chief Executive Officer Lloyd C. Blankfein said he's more optimistic about markets than some economists and investors. "I tend to be a little more positive than what I'm hearing from other ...
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Goldman's Blankfein Says He's More Optimistic
Bloomberg
“I tend to be a little more positive than what I'm hearing from other people,” Blankfein, 57, told Bloomberg Television today in an interview at the investment bank's New York headquarters. “One of the big risks that people have to contemplate is that ...
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Bloomberg
Boeing Jumps as Profit Beats Estimates, Outlook Raised
Bloomberg
You need to enable Javascript to play media on Bloomberg.comPlay Boeing and Caterpillar Beat the Street Boeing Co. (BA) climbed the most in almost five months after the world's largest aerospace company posted a first-quarter profit that beat ...
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Bloomberg
Bo Xilai's Brother Resigns as Vice Chairman of China Everbright
Bloomberg
Bloomberg News reported April 14 that Gu's sisters controlled an international web of businesses worth at least $126 million. On April 23, Bloombergreported that family members of Bo Xilai have held positions at Citigroup Inc. (C) and ...
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Nasdaq-100 Has Biggest Advance in 2012 as Apple Jumps
Bloomberg
Earnings Growth Earnings rose 12 percent on average, exceeding the 0.6 percent increase analysts projected when reporting began, according to data compiled by Bloomberg. All 10 industry groups in the S&P 500 delivered better-than-forecast results, ...
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Bloomberg
Credit Suisse Chief Says April Market Conditions Less Favorable
Bloomberg
“So far in April market conditions haven't been as favorable as they were in the first quarter,” Dougan said in an interview withBloomberg Television in Zurich today. “We're pretty constructive about what we hope we'll see for the rest of the year.
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Bloomberg
Federal Open Market Committee April 25 Statement: Full Text
San Francisco Chronicle
April 25 (Bloomberg) -- The following is a reformatted version of the full text of the statement released today by the Federal Reserve in Washington: Information received since the Federal Open Market Committee met in March suggests that the economy ...
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AstraZeneca Amarin-to-Forest Deal Seen on Lost Patents: Real M&A
Bloomberg
... lowest multiple for any large pharmaceutical company, data compiled by Bloomberg show. Buying Amarin would give AstraZeneca potential revenue from a new heart medication that's close to gaining US approval, according to Sanford C. Bernstein & Co.
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Bloomberg
Nexen First-Quarter Profit Drops 15% on Production Fall
Bloomberg
Net income fell to C$171 million ($174 million), or 32 cents a share, fromC$202 million, or 38 cents, a year earlier, according to a statement today. Per-share profit was 22 cents less than the average of four analysts' estimates compiled by Bloomberg ...
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Glaxo Quarterly Profit Misses Estimates on Europe Sales
Bloomberg
That missed the average estimate of 29 pence from 11 analysts surveyed by Bloomberg. Sales increased 1 percent to 6.64 billion pounds ($10.7 billion), missing the average analyst estimate of 6.83 billion pounds. The introduction of new treatments for ...
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Bloomberg
Credit Suisse Posts First Loss in Three Years on Revamp
Bloomberg
Gianluca Colla/Bloomberg Credit Suisse Group AG Chief Executive Officer Brady Dougan, left, said the bank benefitted from an “improved environment” in the quarter and cut risk-weighted assets at the investment bank by more than previously targeted.
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Bloomberg
Canadian Dollar Reaches 7-Month High on Global Stocks
Bloomberg
Currency Forecast The loonie will strengthen to 98 cents per US dollar by yearend, according to the median of 40 forecasts compiled by Bloomberg. Canada has the second-fastest gross domestic product growth after Germany among Group of Seven nations and ...
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Goldman Will Survive Changes to Market, Hintz Says
Washington Post
Apr. 25, 2012 - Brad Hintz, an analyst at Sanford C. Bernstein & Co., talks about the outlook for Goldman Sachs Group Inc. and US financials He speaks with Tom Keene on Bloomberg Television's "Surveillance Midday." (Source:Bloomberg) (/Bloomberg) ...
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Encana Not Considering Sale of Company, CEO Eresman Says
Bloomberg
Shares rose 2.1 percent to C$18 at 2:19 pm in Toronto after earlier rising as much as 3.4 percent, the most in more than two months. To contact the reporter on this story: Jeremy van Loon in Calgary at jvanloon@bloomberg.net To contact the editor ...
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General Dynamics Says Profit Fell 8.7% on Combat Unit Sales
Bloomberg
After adjusting for a non-cash charge of 13 cents a share, profit was $1.70 compared with the average estimate of $1.69 a share by 20 analysts surveyed by Bloomberg. Sales declined 2.8 percent to $7.58 billion. Jay Johnson, the company's chairman and...
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Bloomberg
Northrop Raises 2012 Forecast After Profit Gains 2 Percent
Bloomberg
The average estimate of 19 analysts compiled by Bloomberg was $1.59 a share. Sales declined 8 percent to $6.2 billion. Northrop faces challenges from proposed cuts in the Pentagon's fiscal 2013 budget that would affect the company's top-selling ...
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Bloomberg
Cenovus First-Quarter Profit Surges on Higher Crude Oil Prices
Bloomberg
... or 56 cents a share, from C$47 million, or 6 cents, a year earlier, the Calgary-based company said in a statement on Business Wire today. Adjusted per-share profit was less than the 54-cent average of 18 analysts' estimates compiled by Bloomberg.
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Barclays Betting on Investment Bank Profit to Quell Pay Revolt
Bloomberg
The UK's second-largest bank by assets may say tomorrow first-quarter net income rose 18 percent to 1.19 billion pounds ($1.9 billion) from the year-earlier period, according to the median estimate of six analysts surveyed by Bloomberg.
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Bloomberg
Encana Reports Quarterly Profit on Gains From Commodity Hedging
Bloomberg
Encana rose 0.1 percent to C$17.65 in Toronto yesterday. The stock has six buy, four sell and 16 hold ratings from analysts. To contact the reporter on this story: Jeremy van Loon in Calgary at jvanloon@bloomberg.net To contact the editor responsible ...
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Hong Kong Short Selling Turnover (Main Board) Recorded 04/25/201
Bloomberg
Hong Kong, 04/25/2012 (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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China Auto Postpones IPO After Struggling to Attract Investors
Bloomberg
Lentuo International Inc., the Chinese car retailer that completed a US IPO in December 2010, trades at 0.6 times revenue after losing half its value since the sale, data compiled by Bloomberg show. China Auto, whose customers include General Motors ...
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Morning Take-Out
New York Times
NEW YORK TIMES Protesters Occupy Wells Fargo Meeting | Wells Fargo's chief executive, John G. Stumpf, was interrupted at least four times by shouting as he spoke at the bank's annual shareholder meeting, Bloomberg News reports.
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Bankers 'On a Different Planet' Face Bonuses Backlash From EU
Bloomberg
His move follows a decision by Citigroup Inc. (C) shareholders to reject that bank's executive pay plan. Lenders have struggled to find winning counter arguments to the EU parliament's plans, with lawmakers insisting that the tougher requirements are a ...
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Bloomberg
Mining Companies in Global Talent War
Bloomberg
(NEM), based in Greenwood Village, Colorado, and the world's second-largest gold miner by revenue, expects about 500 mine engineers will retire in the next five to 10 years, Chief Executive Officer Richard O'Brien said in a Bloomberg Television ...
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Bloomberg
Hungary May Take 'Major Step' on Bailout, Citigroup Says
Bloomberg
The commission “may deliver a major step towards starting talks,” Eszter Gargyan, a Budapest-based economist at Citigroup Inc. (C), said in an e-mailed report today. Yesterday's comments suggest that “both parties have become more flexible, ...
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Human Genome Most Lucrative on Record Biotech Premiums: Real M&A
San Francisco Chronicle
April 24 (Bloomberg) -- Drug companies are in such need of the latest experimental therapies to replace medicines losing patent protection that even a 68 percent takeover premium for Human Genome Sciences Inc. isn't enough. Acquirers have been willing ...
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Two Hepatitis C Treatments Win UK Health-Cost Agency Backing
Bloomberg
(MRK)'s Victrelis and Johnson & Johnson (JNJ)'s Incivo won the backing of the UK's health-cost adviser in final guidance on the treatment of hepatitis C, a virus that causes illness in 85 percent of infected people. Each of the two drugs offers a ...
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Dewey, Cozen O'Connor, Mayer Brown, Fried Frank: Business of Law
Bloomberg
Dewey & LeBoeuf has struggled since the beginning of the year with partner departures that are reported to top 70, according to the online publication legalweek.com. The firm said last month it would set up a new chairman's office with five equal ...
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Comcast: Bloomberg Lied About Channel Placement - TVNewser
By Alex Weprin
To back up: Bloomberg TV argues that the deal Comcast made with the FCC in order to acquire NBCUniversal requires the cable company to includeBloomberg TV in any news “channel neighborhoods.” Comcast argues that it only applies to ...
TVNewser
Comcast in latest complaint says Bloomberg lied to FCC - latimes.com
By Joe Flint
In Crescent City, Fla., Comcast said not only did it not create a newsneighborhood, but that some of the channel's Bloomberg said were held bynews networks were actually held by other entertainment channels. "Bloomberg's continued ...
Company Town
Military Brass Serve TAPS; Folger's Quiz: Scene in D.C. - Bloomberg
Anyone who “aspires to leadership” should read Shakespeare's “Henry V,” according to Representative Rush Holt, the New Jersey Democrat.
www.bloomberg.com/.../military-brass-serve-taps-folger-s-qui...
Canada Pension to Pay C$1.14 Billion for Chile Toll ... - Bloomberg
Canada Pension Plan Investment Board, the country's second-biggest retirement fund, agreed to spend C$1.14 billion ($1.15 billion) on Chilean toll roads to ...
www.bloomberg.com/.../canada-pension-to-pay-c-1-14-billion...
Raymond C. Forbes, NYSE Member Who Fostered ... - Bloomberg
Raymond C. Forbes, a white, Roman Catholic broker who helped establish the first black-owned member firm of the New York Stock Exchange and a ...
www.bloomberg.com/.../raymond-c-forbes-nyse-member-who...
Gilead Bets on Hepatitis C Data to Back Pharmasset Deal - Bloomberg
Gilead Sciences Inc., after paying $10.8 billion for the developer of an experimental hepatitis C drug, will soon give investors a better sense of whether its ...
www.bloomberg.com/.../gilead-bets-on-hepatitis-c-data-to-bac...
Gilead's Experimental Hepatitis C Drug Cured 88 ... - Bloomberg
Gilead Sciences Inc.'s experimental hepatitis C drug cleared the virus in 88 percent of patients four weeks after treatment ended in a study, the company said ...
www.bloomberg.com/.../gilead-s-experimental-hepatitis-c-dru...
Boehringer Ingelheim Hepatitis C Drugs Cured 82% in ... - Bloomberg
Boehringer Ingelheim GmbH said its experimental hepatitis C oral treatment cleared the virus in as many as 82 percent of patients in a study.
www.bloomberg.com/.../boehringer-ingelheim-hepatitis-c-dru...
Rona's Lowest Value Making Firm Takeover Bait ... - Bloomberg
Rona Inc., the home-improvement retailer with the lowest market valuation in North America, would give potential suitors the chance to profit as Canada's ...
www.bloomberg.com/.../rona-s-lowest-value-making-firm-tak...
Vodafone Left as Sole C&W Bidder After Tata Drops ... - Bloomberg
Vodafone Group Plc is left as the only potential bidder for Cable & Wireless Worldwide Plc after Tata Communications Ltd. failed to agree on a price and decided ...
www.bloomberg.com/.../tata-won-t-make-offer-for-c-w-as-tal...
WP-Bloomberg Budget for April 24 | nola.com
(c) 2012, The Washington Post. The Washington Post-Bloomberg NewsService budget for morning papers of Tuesday, April 24, 2012. The editors are Patricia ...
www.nola.com/.../b6547adc4fb87c81bc866f5e0851bc11
Canadian Mining Companies Decline on Demand ... - Bloomberg
Canadian stocks fell as declines in mining and metal shares outweighed an advance in financial shares after a stronger-than-forecast increase in U.S. retail...
www.bloomberg.com/.../canadian-mining-companies-decline-...
Lloyd Live: Blankfein Takes to the Airwaves
Lloyd C. Blankfein, chief of Goldman Sachs, shied away from making news inBloomberg NewsLloyd C. Blankfein, chief of Goldman Sachs, shied away from ...
dealbook.nytimes.com/.../lloyd-live-blankfein-takes-to-the-tub...
Cable & Wireless Owner Refuses Support for Vodafone Deal ...
News From Bloomberg ... Simon Dawson/Bloomberg ... Group Plc (BT/A), to whom it pays 200 million pounds a year, according to Sanford C. Bernstein analysts.
www.businessweek.com/.../cable-and-wireless-owner-refuses-s...
Canadian Stocks Fall as Materials, Energy Producers ... - Bloomberg
Canadian stocks fell the most in over a week as materials and energy shares declined after manufacturing shrank in the euro-area and China and the French...
www.bloomberg.com/.../canadian-stocks-fall-as-materials-ener...
Bloomberg Calls for Residential Smoking Rules
Mr. Bloomberg said at a news conference on Wednesday that he was ...Christine C. Quinn, the City Council speaker, said Wednesday that she had not yet seen ...
www.nytimes.com/.../michael-r-bloomberg-calls-for-smoking-...
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