Bloomberg, on Radio, Raises Specter of Riots by Jobless
New York Times
By KATE TAYLOR Mayor Michael R. Bloomberg takes every opportunity these days to mention what he says are two major problems facing the country's economy: enormous public debt and high unemployment. But on the radio show he appears on with John Gambling ...
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United Technologies Said to Be Exploring Goodrich Offer as Funding Sought
Bloomberg
Photographer: Simon Dawson/Bloomberg United Technologies Corp. (UTX) is in talks to buy aerospace equipment maker Goodrich Corp. as it looks to expand through a major acquisition, according to three people with knowledge of the matter. ...
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Doradla Says Chips Are Stacked Against RIM for 6 Months
Washington Post
16 (Bloomberg) -- Anil Doradla, analyst at William Blair & Co., and Paul Kedrosky, author of the Infectious Greed blog and a Bloomberg contributing editor, talk about Research In Motion Ltd.'s performance and challenges in the smartphone and tablet ...
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Treasury 10-Year Yields Rise Most Since July on European Outlook
BusinessWeek
17 (Bloomberg) -- Treasuries dropped, pushing 10-year note yields up the most in more than two months, after the European Central Bank coordinated with the Federal Reserve and other central banks to maintain liquidity for the euro area's financial ...
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Asia Stocks Pare Weekly Drop as Europe Crash Looks Less Likely
BusinessWeek
17 (Bloomberg) -- Asian stocks trimmed a weekly decline as joint action by central banks to tackle Europe's debt problems boosted confidence the region will avoid a financial crisis like the one that followed the collapse of Lehman Brothers Holdings ...
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S&P 500 Posts Third-Biggest Gain Since 2009 Amid Europe Optimism
BusinessWeek
17 (Bloomberg) -- US stocks advanced, driving the Standard & Poor's 500 Index to the third-biggest weekly gain since 2009, as government officials and central bankers took steps to ease the European debt crisis. Dell Inc. climbed 8.8 percent after ...
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California Sells 18% of $2.5 Billion of Bonds to Individuals
BusinessWeek
16 (Bloomberg) -- California took orders from individual investors for 18 percent of its $2.5 billion debt issue on the first day of sales, according to Tom Dresslar, a spokesman for Treasurer Bill Lockyer. The state's first general-obligation issue in ...
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Bloomberg poll sparks more useless pining for 'President Hillary'
Washington Post (blog)
This week's if-only-thon is courtesy of a Bloomberg poll showing 34 percent of those surveyed believe things would be better in the United States if she were president instead of Barack Obama. What more must the current secretary of state do to ...
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BNP Says China Stocks May Gain 15% Over Year
Bloomberg
16 (Bloomberg) -- Timothy Moe, a Hong-Kong based strategist at Goldman Sachs Group Inc., talks about the outlook for Asian stocks and investor sentiment. He speaks from Singapore to Susan Li onBloomberg Television's "First Up." (Source: Bloomberg) ...
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Bloomberg and BNA Announce Early Termination of Waiting Period under Hart ...
MarketWatch (press release)
Together, Bloomberg and BNA will form a unique combination of premium content, deep subject matter expertise, proprietary data and world class technological capabilities to provide distinctive products and solutions for professionals and decision ...
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UK Stocks Rise for Fourth Day as Ministers Hold Euro Meeting
BusinessWeek
16 (Bloomberg) -- UK stocks gained for a fourth day as European officials met in Poland to discuss how they can expand the new bailout fund for the euro area. Barclays Plc climbed 3.4 percent, extending its biggest weekly advance since February 2010. ...
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China Boosted Holdings of Treasuries to Highest Since October
Bloomberg
16 (Bloomberg) -- Trevor Williams, chief economist at Lloyds Bank Corporate Markets, discusses the outcomes from today's European finance ministers meeting in Poland and the outlook for the euro. He speaks from London with Andrea Catherwood on ...
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Wall Street Protesters Plan to Occupy Lower Manhattan With Tents
San Francisco Chronicle
17 (Bloomberg) -- Wall Street firms will be the target of a nonviolent demonstration in which organizers say they want 20000 people to participate with tents, kitchens and "peaceful barricades" in lower Manhattan. Dubbed "#OccupyWallStreet," the goal ...
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Bloomberg Predicts NYC Riots; How Do People Defend Themselves, CCRKBA Asks
MarketWatch (press release)
16, 2011 /PRNewswire via COMTEX/ -- New York Mayor Michael Bloomberg's Friday warning that there could be riots in the streets if something isn't done quickly to produce jobs and get the economy moving leaves an important question: How do people defend ...
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BP Wins US Dismissal of Some Investors' Derivative Suits
BusinessWeek
16 (Bloomberg) -- BP Plc convinced a federal judge that it shouldn't have to face some lawsuits in the US brought by institutional investors on behalf of the company over last year's Gulf of Mexico drilling-rig explosion and oil spill. ...
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Mortgage Debacle Costs Banks $66 Billion as Suits Sap Profit
BusinessWeek
16 (Bloomberg) -- Faulty mortgages and foreclosure abuses have cost the nation's five biggest home lenders at least $65.7 billion, according to a tally by Bloomberg News, and new claims may push the industrywide total to twice that amount. ...
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Volcker Rule May Extend to Foreign Banks Operating in U.S.
San Francisco Chronicle
17 (Bloomberg) -- A rule limiting proprietary trading by US banks may be extended to overseas firms with operations in the country, according to four people familiar with the matter. Regulators next month will issue a proposal to carry out provisions ...
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NYSE's Owners Become Biggest Losers on German Embrace: Real M&A
San Francisco Chronicle
16 (Bloomberg) -- Duncan Niederauer's embrace of Deutsche Boerse AG is transforming NYSE Euronext's "merger of equals" into the worst takeover in America. Since the owner of the New York Stock Exchange agreed in February to sell itself in return for ...
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Fix on Banks' Dollar Funding Costs Brings Next-Day Cost Rise
San Francisco Chronicle
16 (Bloomberg) -- The cost for European banks to fund in dollars rose, signaling that investors view policy makers' offer of unlimited loans in the currency as a short-term fix that doesn't address the euro region's underlying problems. ...
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Spanish Regions' Debt Surges to a Record, Bank of Spain Says
BusinessWeek
16 (Bloomberg) -- Spanish regions' debt burden surged to a record in the second quarter, adding to pressure on the central government to rein in spending or risk missing the nation's deficit goal. The 17 semi-autonomous regions' outstanding debt burden ...
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Berkshire Mortgage Venture to Acquire Tavernier Assets
BusinessWeek
16 (Bloomberg) -- Berkadia Commercial Mortgage LLC, the lender and servicer backed by Warren Buffett's Berkshire Hathaway Inc., agreed to buy banking assets from Tavernier Capital Partners LLC to expand in Florida. The deal will add about $2 billion in ...
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Huntsman Doubts Perry or Romney Can Win U.S. Presidential Race
San Francisco Chronicle
17 (Bloomberg) -- Republican presidential contender Jon Huntsman Jr. questioned the electability of the two front- runners for his party's nomination, saying some of Rick Perry's views are out of the mainstream and Mitt Romney lacks foreign policy ...
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UBS Tells Clients It 'Remains Strong'
Bloomberg
Photographer: Chris Ratcliffe/Bloomberg Sept. 16 (Bloomberg) -- Kweku Adoboli, the trader arrested yesterday after UBS AG said it discovered unauthorized trades that caused a $2 billion loss, was charged with fraud and false accounting by London police ...
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Cutting Gundlach 'Cancer' at TCW Followed Decade of Tensions
San Francisco Chronicle
17 (Bloomberg) -- TCW Group Inc. decided to oust Jeffrey Gundlach despite being warned that firing the fund manager could trigger redemptions of as much as 70 percent, according to testimony during the six-week trial of the bond- fund manager and his ...
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European Banks Are 'Grossly Under-Capitalized,' Brown Says
BusinessWeek
16 (Bloomberg) -- European banks are “grossly under- capitalized” and the debt crisis is more serious for the region than the 2008 meltdown as governments are constrained by fiscal pressures, former UK Prime Minister Gordon Brown said. ...
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Sugar Futures Fall Most Since March; Coffee Falls; Cocoa Steady
BusinessWeek
16 (Bloomberg) -- Sugar futures plunged the most in six months in New York and London on signs of increased supply from Brazil, the world's largest producer and exporter. Coffee fell, while cocoa was little changed. Brazilian ports were listed as the ...
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Bernanke Did Very Bad Job, 'QE2 1/2' Won't Work, Stiglitz Says
Bloomberg
16 (Bloomberg) -- Joseph Stiglitz, a Nobel-prize winning economist and a professor at Columbia University, discusses the risk of a recession in the US and Europe. He spoke yesterday withBloomberg HT's Cuneyt Basaran in Istanbul. ...
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Dish Said to Unveil Blockbuster Streaming Prices Next Week
BusinessWeek
16 (Bloomberg) -- Dish Network Corp. will announce pricing next week for its Blockbuster streaming-movie service, which will compete with Netflix Inc., a person with knowledge of the plan said. The second-largest US satellite-TV company will hold a ...
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Dallas Stars Hockey Team Files Bankruptcy With Plan for Sale
San Francisco Chronicle
16 (Bloomberg) -- The Dallas Stars hockey team, the last professional sports club owned by former billionaire Thomas Hicks, filed for bankruptcy with a plan to sell the franchise through a court-approved auction. Vancouver-based businessman Tom ...
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