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Aug 18, 2011

BLOOMBERG News, Aug 18, 2011


Discrimination Suit Against Bloomberg LP Is Rejected
New York Times
By DAVID W. CHEN In a major victory for Bloomberg LP, the financial and media services giant founded by Mayor Michael R. Bloomberg, a federal judge has dismissed claims that the company engaged in a pattern of discrimination against pregnant women and ...
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Asia Stocks Decline on Yen, Growth Concerns
Bloomberg
Photographer: Qilai Shen/Bloomberg Aug. 18 (Bloomberg) -- Geoffrey Yu, a foreign-exchange strategist at UBS AG, discusses the outlook for the Swiss franc, Japanese yen and euro. He talks with Mark Barton on Bloomberg Television's "Countdown. ...
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Consumer Prices in U.S. Probably Stabilized as Economy Slowed
Bloomberg
17 (Bloomberg) -- Susan Wachter, a real estate professor at the University of Pennsylvania's Wharton School, talks about the outlook for the US housing market. Wachter speaks with Erik Schatzker on Bloomberg Television's "InsideTrack. ...
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Yoga Helps Portfolio Manager Sweat Away Market Stress
Washington Post
18 (Bloomberg) -- Michael Pintar, a fixed income and currency portfolio manager at Cura Capital Management LLC, talks about practicing Bikram Yoga and how it affects his life.¶ Pintar spoke withBloomberg's Lydia Winkler at Bikram Yoga NYC in New York. ...
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Asian Currencies Drop as Reports Signal Weaker Economic Outlook
Bloomberg
The Bloomberg-JPMorgan Asia Dollar Index fell the most in a week after reports showed Japan's exports shrank more than economists expected, Malaysia's economy grew at the slowest pace since 2009 and Singapore's overseas sales slumped for the first time ...
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Fed Dissenters, Euro Transaction Tax, Zynga, Apple, Melanoma: Compliance
Bloomberg
“It was inappropriate policy at an inappropriate time,” Plosser, 62, said yesterday in a radio interview on “Bloomberg Surveillance” with Tom Keene and Ken Prewitt. Plosser spoke in his first interview since he dissented from a Fed decision on Aug. ...
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AOL at 57 Cents on Dollar Gets Last, Best Hope in Private Equity: Real M&A
Bloomberg
By Joseph Ciolli and Rita Nazareth - Thu Aug 18 02:39:04 GMT 2011 An AOL Inc. employee works at the company's headquarters in New York, US Photographer: Jin Lee/Bloomberg AOL Inc. signage is displayed while pedestrians enter the company's headquarters ...
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Malaysia's Economic Expansion Slows
Bloomberg
Photographer: Goh Seng Chong/Bloomberg Construction workers labor on a site in Kuala Lumpur. Construction workers labor on a site in Kuala Lumpur. Photographer: Goh Seng Chong/BloombergThe monorail train travels along an elevated track as traffic ...
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Black Eyed Peas' Central Park Concert Is Back On
New York Times (blog)
By ADRIANE QUINLAN Michael Appleton for The New York TimesMayor Michael R.Bloomberg and will.i.am of the Black Eyed Peas on Wednesday announced a Sept. 30 concert in Central Park, along with the parks commissioner, Adrian Benepe. ...
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New York Times (blog)
Stocks in India Decline on U.S. Stimulus, Interest-Rate Increase Concerns
Bloomberg
The median of 22 estimates in a Bloomberg News survey was for a 9.2 percent increase. Reserve Bank Governor Duvvuri Subbarao has to weigh the risks to expansion posed by Europe's debt crisis and a faltering US recovery against tightening monetary ...
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Council Members Call for Change to Marijuana Possession Law
New York Times (blog)
Criticizing the Bloomberg administration's aggressive pursuit of marijuana possession arrests as “racially biased” and costly, a group of City Council members gathered in front of City Hall on Wednesday to introduce a resolution aimed at curbing the ...
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New York Times (blog)
Citadel Followed Paulson, Fairholme in Pre-Rout Wager on Regions Financial
Bloomberg
The firm, whose results improved in the first and fourth quarters, drew investors with a stock “inexpensive versus its normalized earnings power,” said Thomas Brown, chief executive officer of Second Curve Capital LLC and a Bloomberg Television ...
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New York City Mayor Michael Bloomberg (file / credit: Spencer T Tucker ...
CBS New York
NEW YORK (CBSNewYork) – Mayor Mike Bloomberg's popularity has hit a sinkhole. His job approval rating is the lowest it has been in six years. So why is it that many New Yorkers currently don't like Mike? Talk about taking the plunge. ...
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New Commissioner for City's Environmental Protection Agency
New York Times (blog)
By MATT FLEGENHEIMER Carter H. Strickland Jr., who has helped lead theBloomberg administration's efforts on environmental sustainability, has been named commissioner of the city's Department of Environmental Protection, Mayor Michael R.Bloomberg ...
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New York Times (blog)
Hong Kong Stocks Swing Between Gains, Losses on US Concern
Bloomberg
Of the 86 companies in the Hang Seng Composite Index that have released semi-annual net income since July 11, about 80 percent reported positive growth and 57 percent exceeded analyst estimates, according to data compiled by Bloomberg. ...
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European Stocks Fall From 2-Week High
Bloomberg
Federal Reserve Chairman Ben S. Bernanke's pledge last week to keep interest rates near zero until mid-2013 was “inappropriate policy at an inappropriate time,” Charles Plosser, president of the Fed Bank of Philadelphia, said yesterday in a Bloomberg ...
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Dollar Holds Drop Versus Franc Before Reports on Inflation, Jobless Claims
Bloomberg
13 to 400000, economists predicted in a Bloomberg poll before today's Labor Department data. The number of applications for unemployment insurance payments climbed 5000 in the week ended Aug. 13 to 400000, economists predicted in a Bloomberg poll ...
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China Stocks Hit By Economic Growth Concerns
Bloomberg
By Bloomberg News - Thu Aug 18 05:52:32 GMT 2011 Investors monitor and trade stocks at a securities exchange in Shanghai, China. Photographer: Qilai Shen/Bloomberg China's stocks fell for a third day after Morgan Stanley and Deutsche Bank AG cut their ...
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Copper Stockpiles Rebound in China's Bonded Warehouses as Imports Increase
Bloomberg
By Bloomberg News - Thu Aug 18 05:05:26 GMT 2011 Stockpiles of copper held in bonded warehouses in China, the world's biggest user of the metal, may have rebounded since June as imports increased amid a lull in manufacturing over the summer. ...
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Lenovo Net Income Beats Analyst Estimates on Office Computer, China Sales
Bloomberg
Photographer: Nelson Ching/Bloomberg Lenovo Group Ltd. (992), China's biggest maker of personal computers, reported first-quarter profit almost doubled, beating analysts' estimates, after it boosted sales in emerging markets and increased shipments to ...
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Brazil's Economy Contracted in June for First Time Since Crisis of 2008
Bloomberg
The contraction was greater than the -0.05 percent median forecast in a Bloomberg survey of 10 analysts. “This reinforces the thesis that the economy is slowing, as the central bank expected,” said Newton Rosa, chief economist at SulAmerica ...
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Disney sells $350 million in bonds to investers searching for security
Vancouver Sun
By Sapna Maheshwari, Bloomberg August 17, 2011 Walt Disney Co. is taking advantage of demand for the longest maturity debt with its first 30-year bond sale in almost a decade after the Federal Reserve pledged to hold interest rates at record lows ...
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Biden Meets China's Xi Jinping to Build 'Personal Relationship'
Bloomberg
By Bloomberg News - Thu Aug 18 06:58:03 GMT 2011 Xi Jinping, China's vice president, right, attends a welcoming ceremony with Joe Biden, US vice president, at the Great Hall of the People in Beijing, China, on Thursday, Aug. 18, 2011. ...
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Sina Second-Quarter Net Misses Estimates as Costs for Weibo Service Climb
Bloomberg
Profit missed the $14.5 million average of 10 analysts' estimates compiled by Bloomberg. Sales rose 20 percent to $119 million. Sina is increasing spending on China's most-popular microblogging service to add features such as a virtual currency and ...
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Most US Stocks Fall Amid Dell Drop
Bloomberg
Photographer: Jin Lee/Bloomberg Aug. 17 (Bloomberg) -- Federal Reserve Bank of Philadelphia President Charles Plosser speaks about the central bank's policy and the US economy. Plosser, speaking with Tom Keene on Bloomberg Television's "Surveillance ...
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Wall Street Sweats Stress With 106-Degree Yoga That Assuaged Richard Nixon
Bloomberg
Photographer: Guy Calaf/Bloomberg Aug. 18 (Bloomberg) -- Michael Pintar, a fixed income and currency portfolio manager at Cura Capital Management LLC, talks about practicing Bikram Yoga and how it affects his life. Pintar spoke with Bloomberg's Lydia ...
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Crude Oil Falls in New York on Signs Slowing Economy Will Curb Fuel Demand
Bloomberg
They were forecast to decline 1.18 million barrels, according to the Bloomberg News survey. Stockpiles typically shrink in summer amid the May-to-September peak driving season. Refinery use dropped to 89.1 percent of capacity from 90 percent. ...
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Financial Turmoil Increases Allure of Europe's Most Valuable Real Estate
Bloomberg
Photographer: Simon Dawson/Bloomberg Tribeca bought Cartier Ltd.'s store on Old Bond Street for 18.7 million-pounds. Tribeca bought Cartier Ltd.'s store on Old Bond Street for 18.7 million-pounds. Photographer: Simon Dawson/Bloomberg A road sign hangs ...
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Chile May Keep Rate for Second Month as Inflation, GDP Slow
Bloomberg
The five-member board, led by bank President Jose De Gregorio, will keep the overnight rate at 5.25 percent today, according to all 21 economists surveyed by Bloomberg. The bank paused last month after raising borrowing costs faster in 2011 than any ...
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Let Greece, Ireland, Portugal Default So That Others Don't, Kashkari Says
Bloomberg
17 (Bloomberg) -- Neel Kashkari, managing director at Pacific Investment Management Co., discusses the outlook for the US economy and the European sovereign debt crisis. Kashkari, speaking on Bloomberg Television's "InBusiness With Margaret Brennan," ...
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Selling Burns 401(k) Investors Who Dumped Stocks, Fidelity Says
BusinessWeek
By Bloomberg By Margaret Collins Aug. 18 (Bloomberg) -- US investors who sold equities in their retirement accounts during market volatility in 2008 and 2009 did worse than those who stayed in stocks, Fidelity Investments said. ...
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Carlyle seeks IPO valuation like Blackstone: report
Reuters
N), Bloomberg reported citing sources. The buyout firm, which hopes to file its IPO prospectus with the US Securities and Exchange Commission in the third quarter, is expected to pick JPMorgan Chase & Co (JPM.N) Citigroup Inc (CN) and Credit Suisse ...
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Gilt Yields Decline to Record as BOE Policy Makers Scrap Tightening Call
Bloomberg
Yields on 10-year government securities fell 13 basis points to 2.43 percent at 5:02 pm in London, the least since Bloomberg began compiling the data in 1989. Two-year yields dropped seven basis points to 0.6 percent. The pound advanced 0.8 percent to ...
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China July Home Prices Fell in 14 Cities From June Amid Government Cooling
Bloomberg
Photographer: Qilai Shen/Bloomberg Home prices in Beijing and Shanghai stopped rising for the first time this year, signaling measures to cool the property market are beginning to work. New home prices in the nation's capital and financial center were ...
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DTCC, Markit Start Instant Cash Transfer for Loan Trades
BusinessWeek
17 (Bloomberg) -- The Depository Trust & Clearing Corp., the US clearinghouse, and Markit Group Ltd. are offering a service where loan trades are cleared and settled simultaneously. The service ensures a loan seller is paid as soon as the buyer takes ...
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Judge rules for Bloomberg in bias case « Talking Biz News
By Chris Roush
David Chen of the New York Times writes, “Judge Loretta A. Preska of United States District Court in Manhattan ruled Wednesday that the plaintiffs had failed to present sufficient evidence that discrimination was Bloomberg L.P.'s ...
Talking Biz News
Asia Stocks Fall on High Yen – Bloomberg | Wall Street Financial News
By Google Inc.
Asia Stocks Fall on High Yen – Bloomberg. Share Reuters Asia Stocks Fall on High Yen BloombergJapanese 10000 yen notes are displayed for a photograph in Tokyo, Japan. Photographer: Tomohiro Ohsumi/Bloomberg Aug. 16 (Bloomberg) -- Ashok ...
Wall Street Financial News
U.S. Stocks Retreat as Dell Leads Technology Companies Lower ...
By admin
Eastman Kodak Co. surged 21 percent as analysts and investors told Bloomberg News its patents may make it a takeover target. The SP 500 rose less than 0.1 percent to 1193 at 3:16 p.m. in New York, after gaining as much as 1.3 percent ...
Popular Science
Kinetic Concepts merger: Bain Capital takes itself out of the ...
By MassDevice staff
Bain Capital LLC bows out of Kinetic Concepts pursuit, according to Bloomberg news service.
MassDevice - FDA and Medical...
Overman Hawaii Intl » Stockpiles at U.S. Companies Show Smallest ...
By Admin
since May 2010 and followed a revised 0.9 percent gain in May that was less than initially estimated, the Commerce Department said today in Washington. The median projection in a Bloomberg Newssurvey was for a 0.5 percent rise. ...
Overman Hawaii Intl
BofA weighs $1B sale of real estate assets, another foreclosure ...
... and settling on a foreclosure agreement that would still allow New York State Attorney General Eric Schneiderman to continue his ongoing probe into the bank's foreclosure practices, according to two separate Bloomberg News reports. ...
The Real Deal New York - Latest News
Judge Dismisses Bloomberg L.P. Discrimination Suit
By Noah Davis
Bloomberg L.P. is a financial software, news and data company founded by Michael Bloomberg in 1981, which now controls approximately a third of the global financial data market. The company generates a profit from providing. ...
Business Insider
Black Eyed Peas reschedule Central Park concert | U.S. News Las Vegas
By admin2
The Black Eyed Peas singer and New York Mayor Michael Bloomberg held a joint news conference to unveil the new date and tell the 54000 ticket holders to the benefit concert that they could now claim new tickets. ...
U.S. News Las Vegas
NY judge: Discrimination claim at Bloomberg failed - San Diego ...
San Diego, California News Station - KFMB Channel 8 - cbs8.comNY judge: Discrimination claim atBloomberg failed. Member Center: ...
www.cbs8.com/.../ny-judge-discrimination-claim-at-bloomber...
Bloomberg News | Accountancy for Business Owners
What TV shows or channels you watch or which websites you read the news magazine to read. Basically – I watch CNBC and Bloomberg business news photography, ...
accountancyforbusinessowners.com/tag/bloomberg-news/
NY judge: Discrimination claim at Bloomberg failed - News Talk 990 ...
990 AM is WNTP AM is Philadelphia's Conservative Talk Radio Station: Local and National News, Traffic, Dennis Miller, Mike Gallagher, Michael Medved, ...
www.wntp.com/article.aspx?id=98bc3e24-173e-4d22...
Bloomberg News » Lean HR
(Hat tip to Bloomberg News for the info.) This is more than a public declaration of feelings. This is a powerful person reaching out to other powerful ...
leanhrblog.com/tag/bloomberg-news/
NY judge: Discrimination claim at Bloomberg failed - News ...
A federal judge has ruled that there is insufficient evidence to show that the financial services newscompany founded by Mayor Michael Bloomberg ...
www.bnd.com/2011/08/.../ny-judge-discrimination-claim.html
Bloomberg challenges Bay Ridge and Bensonhurst Census miscounts ...
If the city's contested Census count is adjusted upwards, residents may have the neighborhoods of Bay Ridge and Bensonhurst to thank.
www.homereporternews.com/.../article_0bab923c-c514-11e0-...
Margaret Brennan - newsperson - Bloomberg News - Jul 21 2011 ...
hoagie100 Offline Established Member Registered: 09/13/05. Posts: 829. Loc: USA. Margaret Brennan - Bloomberg News - Jul 21 2011 ...
forums.superiorpics.com/.../Re_Margaret_Brennan_newsperso...

ASIA News, Aug 18, 2011


Asian forex trade looks for focus with SNB out the way
FX-MM
Net effect still shows that recent efforts to control the real estate sector are on-going with a definite slowdown yet to be detected. It was the CHF that grabbed the spotlight early in the European session yesterday as the SNB announced intensified ...
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Goodman Group sees good five years after profit beat expectations
The Australian
At noon, it was unchanged at 66.5c. The group's gearing fell to 23 per cent and it had liquidity and undrawn debt of $1.3bn on its balance sheet. Goodman declared a distribution per security of 3.5c, up 3 per cent on 2010. He has forecast another 3 per ...
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Shadow Warriors: Movin' On Up
Berkeley Daily Planet
Those higher numbers, according to Dennis C. Blair, retired admiral and director of national intelligence from 2009 to 2010, “are widely believed [in Pakistan] and, Blair points out, “our reliance on high-tech strikes that pose no risk to our soldiers ...
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JDSU Announces Fiscal 2011 Fourth Quarter and Year End Results
MarketWatch (press release)
EMEA and Asia-Pacific customers represented 26% and 25%, respectively, of total net revenue for the quarter. -- The Company held $728.7 million in total cash and investments and generated $56.0 million of cash from operations for the quarter ended July ...
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Latest Version of ClickSoftware's ServiceOptimization Suite Enables Ultimate ...
PR Newswire (press release)
"The clear ROI is difficult for C-level executives to ignore; we are seeing the move from a 'nice to have' technology, to a core enterprise solution that takes companies to the next level of competitiveness. These latest improvements are another firm ...
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Situation Brewing Between Abercrombie & Fitch and Reality TV Star
ABC News
(C. Flanigan/FilmMagic) Abercrombie & Fitch does not want Mike "The Situation" Sorrentino to wear their clothing. Yes, the same company that markets thong underwear to pre-teen girls and padded bikini tops to 7-year-olds would prefer if the rapscallion ...
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ABC News
MF Global Daily Energy Report – August 17th, 2011
Wisdom Financial (blog)
Crude oil futures were weak all day on Tuesday, as poor macro data out of Germany exacerbated the modest declines inherited from the Asian session. In this regard, it was reported that the German economy expanded only 0.1% in the second quarter, ...
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Second Circuit Joins Ninth: No First Sale Defense for Foreign-Made Copyright Works
The Bureau of National Affairs (BNA)
Judge Donald C. Pogue, sitting by designation from the US Court of International Trade, ruled that Kirtsaeng could not use the first sale doctrine, 17 USC §109(a), as a defense against a charge of infringement. 93 USPQ2d 1432 (SDNY 2009) (210 PTD, ...
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The violent story of Columbus' forgotten colony
Salon
By the time those babies had grandchildren, slaves from Africa mined silver in the Americas for sale to China; Spanish merchants waited impatiently for the latestshipments of Asian silk and porcelain from Mexico; and Dutch sailors traded cowry shells ...
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Salon
A Panic Low in Copper, FCX?
Forbes
Chinese imports started to increase in June and recent reports from the London Metals Exchange indicate that Chinese buying has caused the copper inventories to decline in Asian warehouses. So what's ahead for copper prices? ...
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16th International Film Festival of Kerala (IFFK) calls for entries
DearCinema
Films with a minimum length of 70 minutes and above, produced or co produced or had first theatrical screening after Sept 1st 2010 from a country in Asia, Africa or Latin America can be submitted for the International Competition. ...
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iSoftStone Reports Higher Revenues and Net Income for the Second Quarter 2011
MarketWatch (press release)
Our non-GAAP income from operations (note 1) increased $4.6 million or 124.1% to $8.2 million in the second quarter 2011 from $3.7 million in the second quarter 2010. In December 2009 and April2010, the company issued $38.0 million Series C ...
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Philippines counts on upstream revival
Petroleum Economist
The new government of President Benigno Aquino III offers more stable business environment, however, and has made progress by clarifying taxation issues, said Tom Grieder, IHS Energy's Asia-Pacific analyst. And these advances seem to be working....
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Petroleum Economist
Organizers seek physicians, volunteers for Asian-American Health Fair
Frederick News Post (subscription)
By Nicholas C. Stern AT A GLANCE WHAT: Asian-American Health Fair WHEN: 8 am to 2 pm Oct. 22 WHERE: Frederick Community College Language, particularly the ability to speak English, remains an important factor for minority communities seeking proper ...
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Abysymal ACT scores heighten urgency for educational reform
Business Clarksville
The study puts the average score for Hispanic students in 2010 at 18.6 and the average score for African American test takers at 16.9. Asian American/Pacific Islander score highest at 23.4, followed by White students with 22.3. ...
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Business Clarksville
Fever in Returned Traveler: Think Malaria First
Family Practice News Digital Network
Knowlesi is found mainly in Southeast Asia, especially in the border areas of Thailand. It is one of the fatal malarias. It looks benign and like [Plasmodium] malariae under the microscope, but it kills like P. falciparum. So if you see someone from ...
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Family Practice News Digital Network
New Climate Paper Suggests Climate Models Exaggerate CO2 Effects
Pajamas Media
Anthony Watts at Watts Up with That links a new paper by Linzen and Choi, upcoming in the Asia-Pacific Journal of Atmospheric Sciences. I haven't read the full paper yet, but based on the abstract and conclusions, what they're reporting is that, ...
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Pre Market Briefing, including UK unemployment rate rises to 7.9pct
Proactive Investors UK
Markets in Asia are trading lower this morning, after reports showed that Japans exports fell more than expected in July. In Japan, Minebea and TDK are trading 5.4% and 3.2% lower, respectively, after a broker lowered profit and share price estimates ...
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For low-cost airlines, innovations bolster profits
한겨레
But after being faced with redundant investment costs for servicing and parts, it decided to sell off all four of its Q400s. Jeju Air also increased its rate of aircraft operation by expanding its SoutheastAsia routes into nighttime hours when ...
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Adult movies back at multiplexes
Manila Standard Today
Mallgoers recently had the rare opportunity to view four of the award winning films of the first Asiandirector to win in the Cannes Film Festival, as well as interact with him during the Brillante Mendoza Film Festival at SM City Cebu. ...
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Cass Business School: Home-working vital to maximise participation of women in ...
Al-Bawaba
According to the Oxford Strategic Consulting (OSC) report prepared by UK and Gulf academics, including Professor Chris Rowley, Director of the Centre for Research on Asian Management, Cass Business School, London, home-working initiatives are the ...
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Santa Clara council names 16 people to review fairness of elections
San Jose Mercury News
... Eric Stroker, Sameena Usman, Peter Yoon, Teresa O'Neill, David C. DeLozier, Gary Alver, Raj Chahal, Karen Hardy, Michael E. O'Halloran, James Rowen, Steven Silva and Ralph Sivilla. Nadeem and O'Neill both ran for council seats in 2010, but lost. ...
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Beijing blames Pakistan of inciting Muslim terror in its restive western ...
Organiser
In fact, in an article in July 2008 issue of CSIS (Centre for Strategic and International Studies) newsletter, South Asia experts Elizabeth GM Parker and Teresita C Schaffer wrote, “Until about 1990, Beijing clearly sought to build up Pakistan to keep ...
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Yes, Indians play football too
Trinidad Guardian
More recently, they defeated Qatar 2-1 in a friendly in July, and participated in the AFCAsian Cup where they qualified after 24 years. They were placed in strong Group Calong with South Korea, Australia and Bahrain, losing all three games. ...
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Trinidad Guardian
Nigerian man involved in collection scam targeting law firms
CBS 21
Upon his arrival in the United States, Ekhator was arraigned before United States Magistrate Judge Martin C. Carlson on charges of criminal conspiracy to commit mail fraud, wire fraud, and money laundering; mail fraud; and wire fraud. ...
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Happenings this week
Queens Courier
6 pm Corona Library: Andean Pipe Music with the Ethereal and Haunting Melodies of Grupo Wayno; an evening of Andean music from Peru with Grupo Wayno; they have appeared throughout the USA, Europe and Asia, and their music has been featured in movies ...
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