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May 16, 2012

BLOOMBERG News, May 16, 2012

Canada Dollar Touches 3-Month Low on Greece Concern
Bloomberg
Canada's currency, nicknamed the loonie for the image of the aquatic bird on the C$1 coin, declined 0.3 percent to C$1.0100 per US dollar at 1:17 pm in Toronto. It weakened earlier to C$1.0130, the lowest since Jan. 25, and gained as much as 0.2 ...
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GM Defection From Facebook Seen Stunting Ad Sales, Analyst Says
San Francisco Chronicle
May 16 (Bloomberg) -- Facebook Inc.'s loss of paid advertising from General Motors Co., the world's biggest automaker, may spur other marketers to reconsider ads on the site and hamper sales growth just as the social-network debuts as a publicly traded ...
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Whitworth Holds $610 Million PepsiCo Stake, Meets Executives
San Francisco Chronicle
May 16 (Bloomberg) -- Activist shareholder Ralph Whitworth has built a stake worth about $610 million in PepsiCo Inc. and held meetings with the soft-drink maker's executives. Whitworth's Relational Investors LLC held almost 9 million shares as of ...
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Noonan Says Ireland Alone Can Pass EU Treaty in Region
Bloomberg
“I am confident that we will win, but not complacent; we'll keep campaigning till the end,” Noonan said at Bloomberg Link's Ireland Economic Summit in Dublin today. “There isn'ta country of the 17 euro countries at present who could carry this in a ...
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GE Climbs as Finance Unit Resumes Payout Halted During Crisis
San Francisco Chronicle
May 16 (Bloomberg) -- General Electric Co. climbed the most in seven weeks after announcing its finance unit will resume payouts to the parent company that were suspended in 2009 during a freeze in credit markets. GE Capital Corp. will pay a special ...
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Hungary's Stimulus Crashing Corners Orban Before Bailout Talks
Bloomberg
Credit-default swaps, measuring the cost to insure government debt against default, rose to 566.024 basis points from 559.167 yesterday, according to data compiled by Bloomberg. Gross domestic product plunged 1.3 percent in the three months to March ...
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AIG Wagers on Subprime Betting Second Time Different: Mortgages
San Francisco Chronicle
May 16 (Bloomberg) -- American International Group Inc., the insurer that needed a $182.3 billion bailout from the US government in 2008 after failed mortgage investments, is betting this time it's different. Chief Executive Officer Robert Benmosche ...
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GE Finance Unit to Resume Dividend to Parent Halted in 2009
San Francisco Chronicle
May 16 (Bloomberg) -- General Electric Co.'s finance unit will pay a special dividend of $4.5 billion to the parent company this year after suspending the payouts in 2009 during a freeze in credit markets. GE plans to use the money to accelerate share ...
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Wheat Rises to Two-Week High as Dry Weather Curbs Kansas Crop
Bloomberg
To contact the reporter on this story: Tony C. Dreibus in Chicago at tdreibus@bloomberg.net. To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net. More News: Commodities Facebook Share LinkedIn Google +1 COMMENTS ...
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Wheat Yields Falling on Kansas Weather to Boost Prices
Bloomberg
To contact the reporter on this story: Tony C. Dreibus in Chicago at tdreibus@bloomberg.net. To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net More News: Canada · Latin America · Commodities Facebook Share LinkedIn ...
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New Look Said to Hire Banks for Debt Maturity Extension Plan
Bloomberg
The company may seek lender approval to extend the maturity of its term loan B and term loan C by about 15 to 18 months and the second-lien loans by three months to April 2015, said the people, who declined to be identified because the talks are ...
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Mets to host 2013 All-Star Game at Citi Field
MLB.com
With Commissioner Bud Selig, New York City Mayor Michael Bloomberg and team owner Fred Wilpon in attendance, MLB announced Wednesday that the Mets will host the 2013 All-Star Game on July 16, 2013, becoming the city's ninth Midsummer Classic, ...
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Commodities Sink Canadian Stocks as Jobs, Housing Boom
Bloomberg
The unit oversees about C$15 billion ($14.9 billion) of assets. “Those factors are taking a back seat to a lot of the global market events we're seeing develop around the world.” Market Movers Gauges of materials and energy producers in the S&P/TSX ...
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Ford to Replace US Models Fastest, BofA Says in Report
Bloomberg
Ford's Prospects Bank of America sees Ford's US market share rising to more than 16 percent from 15.3 percent so far in 2012, driven by new products such as the C-Max and Escape crossovers and Lincoln MKZ and Ford Fusion sedans in the 2013 model year, ...
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Hong Kong Short Selling Turnover (Main Board) Recorded 05/16/201
Bloomberg
Hong Kong, 05/16/2012 (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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Lloyds Banking Said to Suspend Two Traders Amid Libor Probe
Bloomberg
Lloyds joins Royal Bank of Scotland Group Plc, Citigroup Inc. (C), UBS AG, Deutsche Bank AG (DBK) and ICAP Plc in suspending, dismissing or putting on leave traders as part of the investigations into interest-rate manipulation.
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Bloomberg
Amylin Said to Attract Interest From Pfizer, AstraZeneca
Bloomberg
The case is C-457/10 P AstraZeneca v Commission. Novartis, Pfizer's Wyeth Seek Delay in Hemophilia Patents Case The diagnostics unit of Novartis AG (NOVN) and Pfizer Inc. (PFE)'s Wyeth filed a joint motion on May 14 to stay the deadlines in a drug- ...
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S. Africa's Cell C Cuts Prepaid Mobile-Phone Rates More Than 34%
Bloomberg
Cell C (Pty) Ltd., South Africa's third mobile-phone operator, said it will cut prepaid tariffs by more than 34 percent to 99 cents a minute from May 20. The new price applies to all calls at any time to any local network, the Johannesburg-based ...
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Verizon in $63 Billion Faceoff With AT&T Over Family Plans: Tech
Bloomberg
Today a consumer may pay for 2 gigabytes of data a month but only use 500 megabytes, said Craig Moffett, an analyst at SanfordC. Bernstein & Co. in New York. With more devices tied to the same data plan, the unused portion would shrink.
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Bloomberg
Xstrata $60 Billion Philippine Mine May Stumble at Church's Door
Bloomberg
10, 2009, according to data from exchanges tracked by Bloomberg. Shares in Xstrata fell for a fifth day, losing 3.5 percent to 964.9 pence at 9:57 am London time, set for the lowest close since Dec. 28. Indophil Resources NL, a partner in the ...
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Hana Plunges as Botswana Study Disappoints: Vancouver Mover
Bloomberg
Lampard lowered his recommendation to sell, from speculative buy and cut his price target to 60 cents from C$3.70. To contact the reporter on this story: Liezel Hill in Toronto at lhill30@bloomberg.net To contact the editor responsible for this story: ...
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Oil, Gold Fall, Natural Gas, Wheat Rise: Commodities at Close
Bloomberg
The UBS Bloomberg CMCI index of 26 raw materials was up 3.2 percent to 1495.82. CRUDE OIL Oil fell near a five-month low after a second Greek election was called for as attempts to form a government failed, sending the euro tumbling.
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Whitworth Takes PepsiCo Stake; Held Meetings With Executives
San Francisco Chronicle
May 15 (Bloomberg) -- PepsiCo Inc. said activist shareholder Ralph Whitworth has taken a stake in the company and has held "constructive" meetings with executives. The holding by Whitworth's Relational Investors LLC as March 31 will be disclosed in a ...
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GM Says It No Longer Plans to Advertise on Facebook
Bloomberg
... fail on Facebook, then major advertisers including AT&T Inc., Procter & Gamble Co. and American Express Co. may follow GM's lead and curb spending on the site, said Carlos Kirjner, an analyst at Sanford C. Bernstein & Co. in New York.
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Bloomberg
Dangdang Gains as Yanzhou Coal Discount Widens: China Overnight
Bloomberg
That would make Facebook worth more than Citigroup Inc. (C) and McDonald's Corp. Beijing-based Renren reported yesterday a first-quarter loss of 3 cents a share, below the median forecast for 4 cents a share by eight analysts surveyed by Bloomberg.
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Bloomberg
Dimon as New York Fed Director Renews Conflicts Concern
San Francisco Chronicle
May 15 (Bloomberg) -- The $2 billion trading loss at JPMorgan Chase & Co. has revived concern that its regulator, the Federal Reserve Bank of New York, is too cozy with Wall Street. JPMorgan Chief Executive Officer Jamie Dimon is one of three bankers ...
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Canada Dollar Erases Loss Against Greenback to C$1.0067
Bloomberg
The Canadian dollar erased a loss against its US counterpart to trade atC$1.0067 in Toronto. To contact the editor responsible for this story: Paul Cox at pcox16@bloomberg.net More News: Canada · Currencies Facebook Share LinkedIn Google +1 COMMENTS ...
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Titanic Tourists Offered Trinkets as Belfast Rivals Vegas
Bloomberg
While the 650000 square-feet (60387 square-meter) dockside development was marketed as a financial hub, Citigroup Inc. (C) is the only banking tenant so far. The number of tourists to Northern Ireland has fallen 15 percent since 2008.
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Bloomberg
New York Mets Awarded the 2013 All-Star Game
MLB.com
Commissioner Selig was joined by the Mayor of New York, the Honorable Michael R. Bloomberg, and New York Mets Chairman & Chief Executive Officer Fred Wilpon. The 2013 All-Star Game will mark the second time that the Mets, who are commemorating their 50 ...
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House Panel Proposes Adding $874 Million for Weapons
Bloomberg
(LMT) C-130J transport planes, according to the defense panel's report obtained today. The subcommittee also added $300 million for procurement of Pac-3 Patriot missile interceptors from Lockheed Martin and Raytheon Co. (RTN) and $199 million to buy 10 ...
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With spotlight on NYC tech jobs, Staten Island sits in ... - SILive.com
By Ken Paulsen/Staten Island Advance
tech-bloomberg.jpg View full sizePhoto courtesy of Edward ReedMayor MichaelBloomberg unveils a digital map showing the city's hot technology job centers. The Manhattan map indicates hundreds of such firms. Unshown is Staten Island, where not a single dot was placed. STATEN ISLAND, N.Y. -- It's Internet Week in New York, and Mayor Michael ... More stories in Staten Island Real-Time News. Previous story. Staten Island Obituaries. Next story SILive.com'Comment of the Day ' ...
Staten Island Real-Time News
Canada Dollar Beats Most Peers Amid Job Gains, Rate ... - Bloomberg
Canada's dollar rose against all of its 16 most-traded peers except the yen and the U.S. dollar after employment climbed, fueling bets the central bank will be the ...
www.bloomberg.com/.../canada-dollar-beats-most-peers-amid-...
Kids Draw the News | Pharaoh Bloomberg - NYTimes.com
In the second installment of Kids Draw the News, children depicted the "Pharaoh Bloomberg" incident. Next assignment: the manhole cover mystery.
cityroom.blogs.nytimes.com/.../kids-draw-the-news-pharaoh-b...
Trayvon Martin's mother in Bloomberg gun control ... - Yahoo! News
From Yahoo! News: (Reuters) - The mother of Florida shooting victim Trayvon Martin appears in a Mother's Day gun control video produced by an advocacy ...
news.yahoo.com/trayvon-martins-mother-bloomberg-gun-con...
Mayor Bloomberg gives commencement ... - New York Daily News
Delivering the commencement address Sunday at the University of North Carolina, Mayor Bloomberg spoke about two subjects that go together like hand and ...
www.nydailynews.com/.../mayor-bloomberg-commencement-...
ThyssenKrupp may sell Alabama steel facility (Bloomberg News) | al ...
German steelmaker says Brazilian operation may also go to selling block, report says.
blog.al.com/.../2012/05/thyssenkrupp_may_sell_alabama.html
T-Mobile, MetroPCS in Merger Talks: Bloomberg - Mobile and ...
The news follows T-Mobile's May 9 announcement of its first-quarter performance , during which ... Still, Deutsche Telekom, Bloomberg reports, "wants to bolster [T- Mobile's] ability to gain size and ... 03:08Buy It Your Way: Cross-Channel Sales ...
www.eweek.com/.../TMobile-MetroPCS-in-Merger-Talks-Bloo...
Canada Is World's Biggest Oil Loser With Price Spread ...
Go To Businessweek.com. Bloomberg Businessweek · News FromBloomberg ... Bank of Montreal economists say the oil- price gap costs aboutC$19 billion.
www.businessweek.com/.../canada-is-world-s-biggest-oil-loser...
Infosys Seen Needing French Deal to Lift Value: Real M&A
Infosys Ltd., India's second-largest software-services exporter, is seeking European acquisitions as it trades at its lowest valuation since the financial crisis.
www.bloomberg.com/.../infosys-seen-needing-french-deal-to-l...
Canada Dollar Touches 3-Month Low on Greece Concern
Canada's dollar weakened after a report that the European Central Bank halted monetary policy actions with some Greek banks increased speculation the ...
www.bloomberg.com/.../canada-dollar-touches-3-month-low-...
Bullish Wagers Plunge Most in 2012 on Greek Impasse: Commodities
Speculators cut bets on a rally in commodities by the most since November as Greece's struggle to form a new government and weaker-than-expected industrial ...
www.bloomberg.com/.../bullish-wagers-plunge-most-in-2012-...
At UNC graduation, Bloomberg blasts N.C. ... - JournalNow.com
New York Mayor and financial media mogul Michael Bloomberg told nearly 5700 UNC Chapel Hill graduates Sunday they could glean some of the most useful ...
www2.journalnow.com/.../wsmain02-at-unc-graduation-bloo...
Twitter / Bloomberg News: Ina Drew built a 30-year c ...
Ina Drew built a 30-year career at JP Morgan by embracing risk before this week's $2 billion trading loss | http://t.co/eTRrtVJ3.
twitter.com/#!/BloombergNews/statuses/...
Bloomberg to Double Frequency of 'Pursuits' | Adweek
Bloomberg L.P. may have conquered the financial world, but in the fashion world, it's pretty much a nobody. It's trying to change that, though.
www.adweek.com/.../bloomberg-double-frequency-pursuits-1...
Bloomberg: NC marriage vote sets back civil rights - Yahoo! News
From Yahoo! News: New York City Mayor Michael Bloomberg has told University of North Carolina graduates that last week's gay marriage vote shows there is ...
news.yahoo.com/bloomberg-nc-marriage-vote-sets-back-civil-...
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