July 2009

Video: Earnings Watch – Chevron

July 31, 2009

Analysis and Discussion with Brian Youngberg of Edward Jones (Bloomberg News)

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KAMCO to step up bad asset purchases

July 31, 2009

State-run Korea Asset Management Corp. will start buying distressed assets from financial institutions and companies as early as next month, using 20 trillion won ($16 billion) of funds created to support corporate restructuring, it said yesterday. More

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Dave Johnson: Free-Market Conservatives Are Just Wrong

July 31, 2009

This post originally appeared at Blog for OurFuture as part of the Making It In America project.

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Video: Interview with NY Mets Hall of Famer Tom Seaver

July 31, 2009

Seaver Hosts BofA’s Military Family Movie Night; Also Talks Baseball and Winemaking (Bloomberg News)

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Video: Inside Look – UBS Tax Agreement

July 31, 2009

U.S. and Switzerland Reach Accord on UBS Tax Dispute – Featuring Interview with Claude Baumann, Author of “Swiss Banking: Past & Future” (Bloomberg News)

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Video: Dancing In The Lap Of Recession

July 31, 2009

Rick’s Cabaret profit tripled since March low.

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Video: In-Depth Look – Policy Priorities In Test

July 31, 2009

Interview and discussion with Tom Gallagher of the ISI Group Head of Policy Research. He says Obama lost support gained only after the election. (Bloomberg News)

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Video: In-Depth Look – Policy Priorities In Test

July 31, 2009

Interview and discussion with Tom Gallagher of the ISI Group Head of Policy Research. He says Obama lost support gained only after the election.

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Congressional Effect Fund gets no-confidence vote

July 31, 2009

Congressional Effect Fund gets no-confidence vote

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Is Sarah Palin the next Rush Limbaugh?

July 31, 2009

Is Sarah Palin the next Rush Limbaugh?

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Video: In-Depth Look – US Economy Shrink 1% in 2nd Quarter

July 31, 2009

Interview and discussion with Christine Romer of the Council of Economics Advisers. She says the economy would have been much worse without steps taken. (Bloomberg News)

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Video: Market Open 7.31

July 31, 2009

Suzanne O’Holloran is live in the New York Stock Exchange. Stocks are set to kick off lower

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Video: Inside Look – AutoNation Earnings

July 31, 2009

Interview and discussion with Mike Jackson of the AutoNation Inc. He says restructuring of Chrysler and General Motors is pivotal for auto industry.

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LLX Announces New CEO

July 31, 2009

Material Fact

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Fannie Mae, Freddie Mac Unlikely To Return Bailout Money

July 31, 2009

The regulator of Fannie Mae and Freddie Mac said it was unlikely that the federal government would ever be paid back the entire $85 billion spent so far on bailing out the firms — and added that the cost was going to rise as additional funds are drawn. “Their book is so large,” James Lockhart, director of the Federal Housing Finance Agency, said at the National Press Club. “It’s hard for me to see that they will be able to repay all of that.”

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Ambrilia demandera à être protégée de ses créanciers

July 31, 2009

Attention Directeurs des rubriques affaires/Finance/Santé

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Ambrilia to File for Creditor Protection

July 31, 2009

ATTENTION BUSINESS/FINANCIAL/HEALTH EDITORS

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U.S. House Approves Bill to Overhaul Food-Safety Laws in Wake of Recalls

July 31, 2009

By Brian Faler July 31 (Bloomberg) — The U.S. House approved the biggest overhaul of food-safety laws in decades in the wake of outbreaks of food-borne illnesses that sickened, killed and left industries fighting to woo back wary consumers. The chamber voted 283 to 142 yesterday to approve a $3.5 billion measure that would direct the Food and Drug Administration to write new regulations to safeguard the food supply, require more frequent inspections of processing plants and force companies to keep better records to help regulators trace outbreaks.

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Senate Faces Health-Overhaul Setback as Last Panel in U.S. House Wraps Up

July 31, 2009

By Laura Litvan and Kristin Jensen July 31 (Bloomberg) — Senate Finance Committee Chairman Max Baucus said his panel won’t be able to pass health-care legislation next week, dealing a setback to President Barack Obama and underscoring the rifts in Congress over the measure.

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Senate Faces Health-Overhaul Setback as Last Panel in U.S. House Wraps Up

July 31, 2009

By Laura Litvan and Kristin Jensen July 31 (Bloomberg) — Senate Finance Committee Chairman Max Baucus said his panel won’t be able to pass health-care legislation next week, dealing a setback to President Barack Obama and underscoring the rifts in Congress over the measure. “It’s clear there won’t be a markup next week,” Baucus told reporters after meeting with a group of lawmakers at the Capitol yesterday. “We are committed to finding a bipartisan solution as expeditiously as possible.” Baucus was facing pressure from fellow Democrats to schedule a committee vote before the Senate’s Aug

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Europe Consumer Prices Fall Most in 13 Years; Unemployment at Decade-High

July 31, 2009

By Emma Ross-Thomas July 31 (Bloomberg) — European consumer prices fell by the most in at least 13 years in July after energy costs declined and unemployment rose to the highest in a decade. Prices in the euro region dropped 0.6 percent from a year earlier, the most since the data were first compiled in 1996, the European Union statistics office in Luxembourg said today. That exceeded the 0.4 percent decrease forecast by economists, according to the median of 32 estimates in a Bloomberg survey

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Europe Consumer Prices Fall Most in 13 Years; Unemployment at Decade-High

July 31, 2009

By Emma Ross-Thomas July 31 (Bloomberg) — European consumer prices fell by the most in at least 13 years in July after energy costs declined and unemployment rose to the highest in a decade. Prices in the euro region dropped 0.6 percent from a year earlier, the most since the data were first compiled in 1996, the European Union statistics office in Luxembourg said today

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Heavy Rain, Flash Flooding Set to Disrupt Travel in New York, New England

July 31, 2009

By Patrick Donahue July 31 (Bloomberg) — Travelers and commuters in New York and throughout the mid-Atlantic states and New England will brace for flight delays and flash flooding as a storm sweeps across the region, bringing heavy rain, hail and wind. Heavy rain from the upper Ohio Valley will move through to northern New England late today, affecting journeys along Interstate 95 during the afternoon and evening hours, according to a bulletin posted on AccuWeather.com .

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Scottish Widows, Standard Life Forecast Further Gains in Corporate Bonds

July 31, 2009

By Rodney Jefferson July 31 (Bloomberg) — Fixed-income money managers at Edinburgh’s two biggest fund companies are forecasting further gains in corporate debt.

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British Airways Forecast More Bullish Than Air France-KLM’s After Losses

July 31, 2009

By Steve Rothwell July 31 (Bloomberg) — British Airways Plc rose in London trading after the carrier said passenger numbers and seat occupancy are showing signs of improvement, suggesting it may recover from the recession faster than Air France-KLM Group . British Airways had a 106 million-pound ($175 million) net loss in the three months through June, it said today

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Mitsubishi UFJ Returns to Profit as Japanese Banks Report Improved Results

July 31, 2009

By Finbarr Flynn July 31 (Bloomberg) — Mitsubishi UFJ Financial Group Inc. , Japan’s biggest bank by market value, posted its first profit in three quarters on earnings from loans and a share market rally that boosted the value of stock holdings. Net income rose to 75.9 billion yen ($797 million) for the three months ended June 30 from 51.2 billion yen a year earlier, the Tokyo-based bank said in a statement today. Mitsubishi UFJ benefited from a 23 percent gain in Japan’s Nikkei 225 Stock Average in the quarter after recording a 409 billion yen loss on its shareholdings last fiscal year.

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Mitsubishi UFJ Returns to Profit as Japanese Banks Report Improved Results

July 31, 2009

By Finbarr Flynn July 31 (Bloomberg) — Mitsubishi UFJ Financial Group Inc. , Japan’s biggest bank by market value, posted its first profit in three quarters on earnings from loans and a share market rally that boosted the value of stock holdings. Net income rose to 75.9 billion yen ($797 million) for the three months ended June 30 from 51.2 billion yen a year earlier, the Tokyo-based bank said in a statement today

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Bank Bonus Curbs Face Senate, Obama Skepticism as House Prepares to Vote

July 31, 2009

By Ian Katz and Jesse Westbrook July 31 (Bloomberg) — Restrictions on financial industry bonuses heading to a vote in the U.S. House may be rejected by the Senate and the Obama administration, which are reluctant to increase government’s role in deciding compensation. The House, emboldened by New York Attorney General Andrew Cuomo ’s report yesterday that showed nine banks getting U.S. aid paid $32.6 billion in bonuses last year, will probably pass a bill requiring regulators to ban pay practices that encourage “inappropriate risks.” A panel in the House, where Democrats hold a 256-178 advantage, approved it along party lines July 28.

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Bank Bonus Curbs Face Senate, Obama Skepticism as House Prepares to Vote

July 31, 2009

By Ian Katz and Jesse Westbrook July 31 (Bloomberg) — Restrictions on financial industry bonuses heading to a vote in the U.S. House may be rejected by the Senate and the Obama administration, which are reluctant to increase government’s role in deciding compensation. The House, emboldened by New York Attorney General Andrew Cuomo ’s report yesterday that showed nine banks getting U.S. aid paid $32.6 billion in bonuses last year, will probably pass a bill requiring regulators to ban pay practices that encourage “inappropriate risks.” A panel in the House, where Democrats hold a 256-178 advantage, approved it along party lines July 28.

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Video: In-Depth Look – 2Q GDP Report

July 31, 2009

Interview and discussion with Jim Paulsen of the Wells Capital Management. He says trade net exports may be biggest contributor to GDP growth. (Bloomberg News)

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Dominic Gallello Joins ThalesNano Inc. as Executive Co-Chairman

July 31, 2009

BUDAPEST, HUNGARY and LONDON and PRINCETON, NJ–(Marketwire – July 31, 2009) – ThalesNano, the world leader in bench top flow chemistry reactors, announced today that Dominic Gallello, with an extraordinary track record for growing companies, has joined the leadership team. “With rapid growth comes the need for additional senior leadership to guide ThalesNano and maintain our world leadership position. We are delighted to have Dominic on board and his skills have already had a significant impact on our direction and operations,” said Dr.

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Video: Pemex Lowers Production Forecast

July 31, 2009

Pemex needs to raise their production to reach 2009 objective. (Bloomberg News)

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Video: In-Depth Look – Capitalizing On The Dollar

July 31, 2009

Interview and discussion with Keith McCullough of the Research Edge.

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Video: Taiwan President On Improving Relations

July 31, 2009

Taiwan President Ma campaigned on improving relations with China. (Bloomberg News)

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Video: In-Depth Look – Signs Of Economic Stabilization

July 31, 2009

Interview and discussion with John Silva of the Wells Fargo Securities. He says the Fed needs to gradually exit for long-run balance of U.S.

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Video: Yanks Win Court Battle Over Stadium Tax Breaks

July 31, 2009

The Yankees win their court battle over stadium tax. (Bloomberg News)

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Video: MGM Overhauling Macau Operation

July 31, 2009

M.G.M. Mirage overhaul operations in Macau. (Bloomberg News)

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Video: Outrageous Or Well-Deserved?

July 31, 2009

Interview and discussion with Jeanne Branthover of the Boyden Global Executive Search.

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Bouncing Sushi Dressed With Mayonnaise Flunks Taste Test: Richard Vines

July 31, 2009
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Google Summons Android for Smart-Phone Industry Attack: Rich Jaroslovsky

July 31, 2009
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Study on Sperm Made From Stem Cells Retracted by Journal for Plagiarism

July 31, 2009
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Swine Flu Vaccine Plan in U.S. May Shortchange Other Nations, Lancet Says

July 31, 2009
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U.K. Consumer Confidence Holds at Highest Since April 2008 as Slump Eases

July 31, 2009

By Charlie Duxbury and Jennifer Ryan July 31 (Bloomberg) — U.K.

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U.K. Consumer Confidence Holds at Highest Since April 2008 as Slump Eases

July 31, 2009

By Charlie Duxbury and Jennifer Ryan July 31 (Bloomberg) — U.K. consumer confidence held at the highest level since April 2008 as evidence mounted that Britain is emerging from recession, GfK NOP said. An index of sentiment was unchanged in July at minus 25, the market researcher said in an e-mailed statement today in London. The reading is up from minus 39 a year earlier.

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European Consumer Prices Fall 0.6%; Jobless Rate Rises to Decade-High 9.4%

July 31, 2009

By Emma Ross-Thomas July 31 (Bloomberg) — European consumer prices fell by the most in at least 13 years in July after energy costs declined and unemployment rose to the highest in a decade. Prices in the euro region dropped 0.6 percent from a year earlier, the most since the data were first compiled in 1996, the European Union statistics office in Luxembourg said today.

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Alcoa Razes Rain Forest in Court Case Led by Brazil Prosecutors

July 31, 2009

By Michael Smith and Adriana Brasileiro July 31 (Bloomberg) — For four decades, Edimar Bentes and his family have survived by farming tiny clearings in the jungle near their dirt-floor shack in the state of Para in the Brazilian Amazon. On this April afternoon, Bentes, 56, squats in the driving rain and dips a glass into what just four years ago was a crystal-clear stream that provided drinking and bathing water.

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Alcoa Razes Rain Forest in Court Case Led by Brazil Prosecutors

July 31, 2009

By Michael Smith and Adriana Brasileiro July 31 (Bloomberg) — For four decades, Edimar Bentes and his family have survived by farming tiny clearings in the jungle near their dirt-floor shack in the state of Para in the Brazilian Amazon. On this April afternoon, Bentes, 56, squats in the driving rain and dips a glass into what just four years ago was a crystal-clear stream that provided drinking and bathing water. He frowns as the glass fills with brown silt. A thin man with short-cropped dark hair and a tanned, deeply wrinkled forehead, Bentes gazes around his land.

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Kentucky’s Land Give-Away Shows How States May Worsen Budgets for Stimulus

July 31, 2009

By Vivien Lou Chen

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Kentucky’s Land Give-Away Shows How States May Worsen Budgets for Stimulus

July 31, 2009

By Vivien Lou Chen

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Delmonico’s Reports the Green Shoots on Wall Street Are Not Just Asparagus

July 31, 2009

By Allison Abell Schwartz July 31 (Bloomberg) — Dennis Turcinovic, managing partner of Delmonico’s steakhouse, said he knew things were looking up when a table of Wall Streeters ordered a $4,000 bottle of Far Niente Cabernet Sauvignon last month. It was the first he had sold since January. “We’re seeing the old times coming back,” said Turcinovic

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