Finance and Investing
Fri, 17 Sep 2010 23:19:32
 | Sept. 17 (Bloomberg) -- Maryse Thomas, chief executive officer of Pokeware, talks about the company's software, partnerships, business model and growth outlook. Pokeware is an advertising solution that integrates video content and contextual advertising. Thomas speaks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg) |
Fri, 17 Sep 2010 23:19:27
 | Sept. 17 (Bloomberg) -- Bloomberg's Courtney Donohoe reports on the performance of the U.S. equity market today. Stocks rose, with the Standard & Poor’s 500 Index completing the longest weekly rally since April, as better-than-estimated earnings at technology companies overshadowed an unexpected drop in consumer confidence. (Source: Bloomberg) |
Fri, 17 Sep 2010 22:46:56
 | Sept. 17 (Bloomberg) -- Edward Dolman, chief executive officer of Christie’s International Plc, talks about the outlook for the auction market. Dolman speaks with Matt Miller and Carol Massar on Bloomberg Television's "Street Smart". (Source: Bloomberg) |
Fri, 17 Sep 2010 20:51:53
 | Sept. 17 (Bloomberg) -- Robert Barro, an economics professor at Harvard University, talks about the outlook for extending the tax cuts enacted under President George W. Bush. Unless Congress votes by November to extend the cuts, the Internal Revenue Service will advise employers to increase deductions from paychecks beginning Jan. 1, payroll experts said. Barro speaks with Matt Miller and Carol Massar on Bloomberg Television's "Street Smart." (Source: Bloomberg) |
Fri, 17 Sep 2010 20:37:33
 | Gold prices sets an new all-time record while equities continue to move higher in the month of September. Welcome to the Weekly Market Wrap for Friday, September 17, 2010. |
Fri, 17 Sep 2010 20:33:47
 | Sept. 17 (Bloomberg) -- David Resler, chief economist at Nomura Securities International Inc., talks with Bloomberg's Melissa Long and Michael McKee about the outlook for the U.S. economy. Resler says he sees increased unemployment and lower inflation. (Source: Bloomberg) |
Fri, 17 Sep 2010 20:08:43
 | Arena Pharmaceuticals (ARNA) said an FDA advisory committee voted against approval of its lorcaserin weight loss drug. The panel did not believe available data outweighed potential risk for the drug. |
Fri, 17 Sep 2010 20:07:31
 | Earlier this week China Cord Blood (CO) said they were authorizing a share repurchase program which will allow the company to buy up to $15 million worth of its ordinary shares before September 14, 2011. Today, shares of China Cord Blood are higher by over 15%. |
Fri, 17 Sep 2010 20:05:56
 | Sept. 17 (Bloomberg) -- Mark Johnson, manager of the USAA Precious Metals and Minerals Fund, talks with Bloomberg's Julie Hyman about his investment strategy for mining stocks. Johnson also discusses prospects for Northgate Minerals Corp. and Barrick Gold Corp. (Source: Bloomberg) |
Fri, 17 Sep 2010 20:05:37
 | The Student Loan Corporation (STU), a subsidiary of Citibank (C) said that The Student Loan Corporation and Discover Financial Services (DFS) have entered into a definitive agreement for Discover to acquire SLC, and thereby become the owner of its private student loan business as well as $4 billon of its private student loans. Separately and immediately prior to the transaction, SLM Corporation (SLM) will acquire from SLC $28 billion of securitized federal student loans and related assets and Citi will acquire from SLC certain federal and private student loans and other assets totaling $8.7 billion. |
Fri, 17 Sep 2010 20:03:48
 | This morning, Morgan Stanley lowered its EPS estimates on shares of FedEx (FDX) through 2012 as macroeconomic conditions could limit growth at the logistics company. In the report, Morgan Stanley maintained its equal weight rating. |
Fri, 17 Sep 2010 19:59:48
 | This morning, Goldman Sachs upgraded shares of CenturyLink (CTL) from hold to buy citing healthy cash flow from the business. With the buy rating, the firm set a price target of $42 per share. |
Fri, 17 Sep 2010 19:06:33
 | Yesterday afternoon, Harley Davidson (HOG) declared its quarterly dividend of 10 cents per share, maintaining the amount paid to shareholders last quarter. Based on the current stock price, investors can expect a yield of about 1.4% going forward. |
Fri, 17 Sep 2010 19:00:06
 | Yesterday afternoon, Boston Properties (BXP) declared its quarterly dividend of 50 cents per share, maintaining the amount paid to shareholders last quarter. Based on the current stock price, investors can expect a yield of about 2.3% going forward. |
Fri, 17 Sep 2010 18:50:56
 | In midday trading Friday, Foreign Banks shares were relative laggards, down on the day by about 1.8%. Helping drag down the group were shares of Allied Irish Banks (AIB), down about 8.2% and shares of Barclays (BCS) down about 3.6% on the day. |
Fri, 17 Sep 2010 18:48:05
 | In trading Friday, Education shares were relative leaders, up on the day by about 2.6%. Leading the group were shares of Grand Canyon Education (LOPE), up about 6.8% and shares of Career Education (CECO) up about 6.6% on the day. |
Fri, 17 Sep 2010 18:17:56
 | Sept. 17 (Bloomberg) -- Paul Atkins, a former member of the Securities and Exchange Commission, talks about the possible creation of rules to prevent the practice of so-called window dressing reporting by financial institutions. U.S. regulators voted to propose rules that may make it harder for companies to mask debt after Lehman Brothers Holdings Inc. was accused of misleading investors by temporarily moving assets off its books. Atkins speaks with Margaret Brennan and Peter Cook on Bloomberg Television's "InBusiness." (Source: Bloomberg) |
Fri, 17 Sep 2010 17:26:47
 | Sept. 17 (Bloomberg) -- Michael Jones, chief investment officer at Riverfront Investment Group, talks about the prospects for stock and bond markets and investment strategy. He speaks with Margaret Brennan on Bloomberg Television's "InBusiness". (Source: Bloomberg) |
Fri, 17 Sep 2010 17:13:25
 | Oracle (ORCL) said late yesterday that fiscal first quarter earnings totaled $1.35 billion, or $0.27 per share, compared to $1.12 billion, or $0.22 per share in the same quarter last year. Revenue rose 48% to $7.5 billion. |
Fri, 17 Sep 2010 16:49:31
 | Sept. 17 (Bloomberg) -- Al Hunt, Bloomberg News executive editor for Washington, discusses his interview with U.S. Representative Pete Sessions, a Republican from Texas and chairman of his party's House campaign committee, which will air tonight on "Political Capital With Al Hunt." Hunt, speaking with Margaret Brennan on Bloomberg Television's "InBusiness," also discusses the role of Tea Party activists in the Republican party and plans by TV personalities Jon Stewart and Stephen Colbert to hold opposing political rallies on the National Mall in Washington just before the November elections. (Source: Bloomberg) |
Fri, 17 Sep 2010 16:43:23
 | Blackberry-maker, Research In Motion (RIMM) said late yesterday second fiscal quarter earnings totaled $796.7 million, or $1.46 per share, compared to $475.6 million, or $0.83 per share in the same quarter last year. Revenue rose 31% to $4.62 billion. |
Fri, 17 Sep 2010 16:41:50
 | Alkermes (ALKS) said late yesterday that a FDA advisory committee voted 12 to 1 that its drug vivitrol should be approved to treat opioid dependence. The drug is currently approved to treat alcoholism. |
Fri, 17 Sep 2010 16:26:28
 | Sept. 17 (Bloomberg) -- The San Diego Chargers' home opener won't be shown on local television after the team failed to sell out a game for the first time since 2004. Bloomberg's Michele Steele reports. NFL rules require a game to be blacked out within a 75-mile radius of a team’s home market if all the tickets haven’t been sold 72 hours prior to kickoff. Steele speaks with Margaret Brennan on Bloomberg Television's "InBusiness." (Source: Bloomberg) |
Fri, 17 Sep 2010 16:20:54
 | Recreational vehicle, bus and ambulance producer Thor Industries (THO) said today it has acquired privately-held Heartland Recreational Vehicles for $100 million in cash and 4.3 million in stock. Thor said the acquisition is expected to be accretive to its earnings. |
Fri, 17 Sep 2010 16:19:36
 | Johnson & Johnson (JNJ) said today it is in advance negotiations to acquire the shares of Crucell (CRXL) that it does not already own. Currently J&J holds 17.9% of the common shares. |
Fri, 17 Sep 2010 16:17:50
 | Illinois Tool Works (ITW) said today it is forecasting EPS of $0.72-$0.84 cents for its fiscal third quarter. The projection is based on revenue growth expectations of 9-13%. |
Fri, 17 Sep 2010 16:12:01
 | Boeing signed a deal with Russian Technologies for 50 Boeing 737 Next Generation aircraft today. Russian Technologies reserves the option for another 35 planes in the future. |
Fri, 17 Sep 2010 15:35:28
 | Sept. 17 (Bloomberg) -- Bruce Rockowitz, president of Li & Fung Ltd., talks about the outlook for the cost of goods from China and the holiday retail season. Rockowitz speaks with Margaret Brennan on Bloomberg Television's "InBusiness." (This is an excerpt of the full interview. Source: Bloomberg) |
Fri, 17 Sep 2010 15:21:08
 | Sept. 17 (Bloomberg) -- Paul Miller, analyst at FBR Capital Markets, talks about the naming of Elizabeth Warren's as an adviser to help create the new Consumer Financial Protection Bureau. President Barack Obama will name Warren this afternoon as an assistant to the president and a special adviser to Treasury Secretary Timothy F. Geithner, according to a statement posted on the White House website. Miller speaks with Margaret Brennan on Bloomberg Television's "InBusiness." (Source: Bloomberg) |
Fri, 17 Sep 2010 14:43:54
 | Sept. 17 (Bloomberg) -- Ted Moore, portfolio manager at Fifth Third Asset Management, discusses Hewlett-Packard Co.'s search for a successor to Mark Hurd as chief executive officer. Moore, speaking with Betty Liu on Bloomberg Television's "In the Loop," also discusses Oracle Corp.'s first-quarter profit reported yesterday and the outlook for Research In Motion Ltd. (Source: Bloomberg) |
Fri, 17 Sep 2010 14:34:42
 | Sept. 17 (Bloomberg) -- Bloomberg's Shannon Pettypiece discusses Johnson & Johnson's plan to pay $2.3 billion to buy the stake of vaccine maker Crucell NV it doesn’t already own, expanding in flu shots to bolster sales after two former top-selling drugs lost patent protection. Pettypiece, talking with Betty Liu on Bloomberg Television's "In the Loop," also discusses the results of this week's meetings of outside advisers to the Food and Drug Administration on obesity treatments from Arena Pharmaceuticals Inc. and Abbott Laboratories. (Source: Bloomberg) |
Fri, 17 Sep 2010 14:16:07
 | Sept. 17 (Bloomberg) -- Gerald Guterman of Condo Recovery LLC talks about the company's plan to lead a co-op conversion of New York City's largest rental complex, Stuyvesant Town-Peter Cooper Village. Condo Recovery discussed the proposal with CWCapital Asset Management LLC, the senior debt holders on the property. Guterman speaks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg) |
Fri, 17 Sep 2010 13:43:48
 | Sept. 17 (Bloomberg) -- Michael Feroli, chief U.S. economist at JPMorgan Chase & Co., discusses the outlook for Federal Reserve monetary policy. Feroli, speaking with Betty Liu on Bloomberg Television's "In the Loop," says the Fed still has "some tools left" to help the economy and expects the central bank to expand its balance sheet by year end. He also discusses tax policy. (Source: Bloomberg) |
Fri, 17 Sep 2010 13:43:43
 | Sept. 17 (Bloomberg) -- Betsy Graseck, bank analyst at Morgan Stanley, discusses U.S. bank stocks, including her recommendation of Bank of America Corp. Graseck talks with Erik Schatzker on Bloomberg Television's "InsideTrack." (Source: Bloomberg) |
Fri, 17 Sep 2010 13:39:03
 | Sept. 17 (Bloomberg) -- Harold Tillman, chairman of the British Fashion Council, talks about the impact of the economic slowdown and cotton prices on the industry. Tillman, who owns the brands Jaeger and Aquascutum, speaks on Bloomberg Television's "On The Move" with Maryam Nemazee. |
Fri, 17 Sep 2010 13:20:35
 | Sept. 17 (Bloomberg) -- The cost of living in the U.S. climbed in August for a second month as energy and food prices increased, while other goods and services showed little change. The consumer-price index rose 0.3 percent, figures from the Labor Department showed today in Washington. Bloomberg's Betty Liu and Michael McKee report. (Source: Bloomberg) |
Fri, 17 Sep 2010 12:47:33
 | Sept. 17 (Bloomberg) -- Bloomberg's Anastasia Haydulina reports on sales growth and bespoke production methods at Rolls-Royce Motor Cars Ltd. |
Fri, 17 Sep 2010 12:29:04
 | Sept. 17 (Bloomberg) -- Buzzy Geduld, chief executive officer of Cougar Trading, talks about the firm's investment strategy in Research In Motion Ltd. The maker of the BlackBerry smartphone posted second-quarter profit that beat analyst estimates and also forecast third-quarter earnings that was higher than analyst projections. Geduld speaks with Erik Schatzker on Bloomberg Television's "InsideTrack." (Source: Bloomberg) |
Fri, 17 Sep 2010 11:52:16
 | Sept. 17 (Bloomberg) -- Robert Breza, an analyst with RBC Capital Markets Corp., discusses Oracle Corp.'s first-quarter results and effects of the company's acquisition of Sun Microsystems Inc. this year. Oracle, the second-largest software maker, said excluding acquisition costs and other expenses, earnings climbed to 42 cents a share last quarter, beating the 37-cent average of analysts' estimates compiled by Bloomberg. Breza talks with Deirdre Bolton on Bloomberg Television's "InsideTrack." (Source: Bloomberg) |
Fri, 17 Sep 2010 11:52:11
 | Sept. 17 (Bloomberg) -- Bloomberg's Monica Bertran reports on the entertainment business ventures of Lisa Falcone, wife of Philip Falcone, the founder of $9 billion hedge-fund firm Harbinger Capital. Lisa Falcone, with the encouragement of her husband, started a production company called Everest Entertainment, which produced its first movie in 2009 and has since made two more films, including "127 Hours," starring James Franco. (Source: Bloomberg) |
Fri, 17 Sep 2010 11:24:35
 | Sept. 17 (Bloomberg) -- Bloomberg's Deirdre Bolton reports on the latest breaking news and top stories in today's Business Briefs. (Source: Bloomberg) |
Fri, 17 Sep 2010 11:15:19
 | Sept. 17 (Bloomberg) -- Kulbinder Garcha, an analyst at Credit Suisse Group AG, discusses Research In Motion Ltd.'s profit forecast. The maker of the BlackBerry smartphone said revenue this quarter will be as much as $5.55 billion and earnings per share will be as much as $1.70, beating analyst estimates. Garcha, speaking from London, talks with Erik Schatzker on Bloomberg Television's "InsideTrack." (Source: Bloomberg) |
Fri, 17 Sep 2010 11:10:38
 | Sept. 17 (Bloomberg) -- Giovanni Bisignani, chief executive officer of the International Air Transport Association, talks about the outlook for airlines and initiatives to reduce the industry's carbon emissions. He speaks with Andrea Catherwood on Bloomberg Television's "The Pulse." |
Fri, 17 Sep 2010 11:01:34
 | Sept. 17 (Bloomberg) -- Bloomberg's Deirdre Bolton reports on major newsmakers in today's Movers & Shakers. (Source: Bloomberg) |
Fri, 17 Sep 2010 11:01:27
 | Sept. 17 (Bloomberg) -- Bloomberg's Richard Vines reports on the top restaurants listed in the 2011 Zagat guide for London eateries. Restaurant Gordon Ramsay was toppled as the city's finest for food in the guide after two years at the top. The winner, The Ledbury with Australian chef Brett Graham, jumped from 13th place last year. |
Fri, 17 Sep 2010 10:25:02
 | (Corrects name of guest in headline and first paragraph.) Sept. 17 (Bloomberg) -- Antonio Vazquez Romero, chairman of Iberia Lineas Aereas De Espana SA, speaks about the outlook for demand, the global economy and the proposed merger with British Airways Plc. He speaks from the Aviation and Environment conference in Geneva with Maryam Nemazee on Bloomberg Television's "On The Move." |
Fri, 17 Sep 2010 10:11:08
 | Sept. 17 (Bloomberg) -- Tony Tyler, chief executive officer of Cathay Pacific Airways Ltd., talks about growth in passenger and cargo transport in Asia and prospects for reducing emissions from air travel. He speaks with Andrea Catherwood on Bloomberg Television's "The Pulse." |
Fri, 17 Sep 2010 09:52:37
 | Sept. 17 (Bloomberg) -- Klaus Baader, chief European economist at Societe Generale SA, talks about the outlook for German economic growth. He speaks on Bloomberg Television's "The Pulse" with Andrea Catherwood. |
Fri, 17 Sep 2010 09:30:03
 | Sept. 17 (Bloomberg) -- Guy Hachey, president of Bombardier Inc.'s aerospace unit, speaks about the outlook for orders for its CSeries jet, aimed at the lucrative single-aisle market of Airbus SAS and Boeing Co. He talks from the Aviation and Environment conference in Geneva with Mark Barton on Bloomberg Television's "Countdown." |
Fri, 17 Sep 2010 09:21:06
 | Sept. 17 (Bloomberg) -- David Hess, president of United Technologies Corp.’s Pratt & Whitney unit, talks about the outlook for Bombardier Inc.'s CSeries planes, for which his company supplies the engines. He speaks with Andrea Catherwood on Bloomberg Television's "The Pulse." |