December 2009

Futureal Plans 250M Hungary Project

December 28, 2009

Certified-Courses.com: Leading e-learning classes on Real Estate , private Equity, Hedge Funds Global Financial Radio www.GlobalFinancialRadio.com: Industry news for commercial real estate , distressed debt, private equity firms, …

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Video: ‘Avatar’ Leads Highest-Grossing Box Office Weekend Ever: Video

December 28, 2009

Dec. 28 (Bloomberg) — Bloomberg’s Scarlet Fu reports on the weekend’s breaking media news in today’s edition of Media Monday. (Source: Bloomberg)

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Video: Evans Says Online Shopping Driving In-Store Purchases: Video

December 28, 2009

Dec. 28 (Bloomberg) — Patti Freeman Evans, an analyst at Forrester Research, talks with Bloomberg’s Betty Liu about holiday retail shopping. Evans also discusses consumer spending and the outlook for small retailers. (Source: Bloomberg)

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Electronic Control Security, Inc. Announces Appointment of Jerry Dropik as Director of Marketing, Sales and Corporate Accounts

December 28, 2009

CLIFTON, NJ–(Marketwire – December 28, 2009) – Electronic Control Security, Inc. ( OTCBB : EKCS ) (ECSI), a leading provider of electronic security system technologies to the government and private sectors, announced the appointment of Jerry Dropik as Director of Marketing, Sales and Corporate Accounts in the U.S. Mr. Dropik will also be responsible for managing ECSI’s international sales representatives and dealer/installers in the Middle East.

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Video: Davidowitz Says 70% of Retailers to See Negative Sales: Video

December 28, 2009

Dec. 28 (Bloomberg) — Howard Davidowitz, chairman of Davidowitz & Associates Inc., talks with Bloomberg’s Deirdre Bolton about the outlook for retail sales and consumer spending. Davidowitz also discusses the performance of online sales, the challenges facing retailers and market strategy. (Source: Bloomberg)

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Student Loans: Lending Tightens, College Costs Rise – And Educators Worry College Is Out Of Reach For Many

December 28, 2009

The upheaval in financial markets did not just eliminate generous lending for home buyers; it also ended an era of easy credit for students and their families facing the soaring cost of a college degree. To pay for higher education, most Americans had come to rely on a range of financial products born of the Wall Street boom. Nearly all of these shrank or disappeared in the storm that engulfed the stock and debt markets.

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Paul Volcker Engaged: Former Fed Chair To Wed Anke Dening, His Longtime Assistant

December 28, 2009

Volcker has just become engaged to his longtime assistant, Anke Dening. The former Federal Reserve boss proposed on Thanksgiving Day and the two then traveled to Germany to visit her relatives. And now they’re vacationing in the Turks and Caicos Islands.

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MGM Mirage Option Traders Betting Casino Operator Stock Doubles in a Year

December 28, 2009

By Jeff Kearns Dec. 28 (Bloomberg) — Options traders are doubling down on MGM Mirage , betting a new 67-acre (27 hectares) complex of gaming tables, hotels, condominiums and stores will restore the casino operator’s profits. Investors buying contracts to purchase MGM for twice its current stock price through January 2011 helped drive the number of bullish options on the shares to 1.5 times the level of bearish ones, the highest ratio since June 2008, according to data compiled by Bloomberg. Existing January 2011 $20 calls increased 12-fold last week as the shares fell to $9.50. “It’s an aggressive play,” said Frederic Ruffy , the senior options strategist at WhatsTrading.com, the New York- based provider of options-market analysis. “They’re looking for a substantial move higher.” MGM, the Las Vegas Strip’s largest casino owner, is counting on the $8.5 billion CityCenter resort, which opened to the public on Dec. 1, to reduce its $13 billion long-term debt load. MGM shares have dropped 31 percent this year, following an 84 percent drop in 2008 that ended a nine-year rally . The stock has lost 11 percent since Nov. 24, the day before Dubai World, the state-owned company that is MGM’s partner in CityCenter, roiled global markets by seeking to delay payments on its own debt. CityCenter is protected against default by its owners, MGM Chief Executive Officer Jim Murren said in a Nov. 27 interview. More Visitors Travel to Las Vegas will rise 7 percent to at least 38 million visitors in 2010, Murren said Nov. 18. CityCenter’s almost 6,000 rooms may steal guests from Last Vegas-based MGM’s other resorts in the city and hold down room rates at Las Vegas Sands Corp. , Wynn Resorts Ltd. and Harrah’s Entertainment Inc. as well as MGM, analysts say. MGM will trim its annual loss to 52 cents a share in 2010 from 72 cents this year, according to the average estimate of 23 analysts in a Bloomberg survey. While the company earned $1.04 a share in 2008, MGM said in March that it may not stay in compliance with financial covenants under its senior credit facility this year. Trading of bullish MGM options jumped to a seven-week high on Dec. 23. Investors created new contracts , lifting the number of existing calls at the end of last week to 324,566, compared with 211,881 puts giving the right to sell. Open interest for January 2011 $20 calls jumped 12-fold to 21,652 on Dec. 23 for last week’s biggest increase among the company’s options, according to data compiled by Bloomberg and Trade Alert LLC, a New York-based provider of market analytics. Open interest for January 2011 $15 calls jumped more than fivefold the previous day to 23,084 for last week’s second- biggest increase, the data show. “It’s a long shot,” Joshua Belanger , founder of OptionSizzle.com, a Stamford, Connecticut-based provider of options market data. “But given how much these casino names can move, it could really give them some bang for their buck.” To contact the reporter on this story: Jeff Kearns in New York at jkearns3@bloomberg.net .

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Video: Democrats Say Final Health Bill Will Look Like Senate’s: Video

December 28, 2009

Dec. 28 (Bloomberg) — Any health-care legislation that reaches President Barack Obama’s desk will be close to the version the Senate passed last week, top Democrats said yesterday. Bloomberg’s Peter Cook reports. (Source: Bloomberg)

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Glass-Steagall Revisited: Congress At ‘War With Wall Street’ Says Former Fed Governor

December 28, 2009

Dec. 28 (Bloomberg) — A one-page proposal gaining traction in Congress could turn back the clock on Wall Street 10 years, forcing the breakup of banks, including Citigroup Inc. Lawmakers in both parties, seeking to prevent future financial crises while soothing public anger over bailouts and bonuses, are turning to an approach that’s both simple and transformative: re-imposing sections of the 1933 Glass-Steagall Act that separated commercial and investment banking.

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In your view, which of the following business events had the biggest impact on South Florida’s economy in 2009?

December 28, 2009

Economic gloom picked up steam in 2009, then retreated a bit in the face of renewed confidence. The real estate market may have finished its race to a historic new low. But employers continued slashing jobs, undermining an already battered economy. A

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Video: Pepsi, UnitedHealth Lead Investor Stock Picks for 2010: Video

December 28, 2009

Dec. 28 (Bloomberg) — Bloomberg’s Sheila Dharmarajan reports on the outlook for the 2010 stock market. (Source: Bloomberg)

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Video: Marc Faber Discusses U.S. Dollar, Stocks, Inflation: Video

December 28, 2009

Dec. 28 (Bloomberg) — Marc Faber, publisher of the Gloom, Boom & Doom Report, talks with Bloomberg’s Deirdre Bolton and Jon Erlichman about the outlook for the U.S. dollar. Faber also discusses expectations for U.S. stocks, investment strategy and inflation. (This report is an excerpt. Source: Bloomberg)

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Czech Housing Gets Government Boost

December 28, 2009

Distressed Marketplace www.DistressedMarketplace.com: Distressed Loans, Distressed Funds, Distressed Real Estate, Distressed Companies: Distressed Distressed Asset Coalition (DAC) www.DistressedCoalition.com: Debt , Distressed Real …

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Video: Attempted Airline Bombing Raises New Security Concerns: Video

December 28, 2009

Dec. 28 (Bloomberg) — The ability of a suspected terrorist to bring explosives on board a U.S. plane exposes vulnerabilities in an aviation security system that had been overhauled and strengthened since the Sept. 11, 2001, attacks. Umar Farouk Abdulmutallab, a 23-year-old Nigerian, was able to pass through airport checkpoints and get on Northwest Airlines Flight 253 in Amsterdam. Bloomberg’s Hans Nichols reports. (Source: Bloomberg)

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Malaysia Airlines to raise $765m for expansion plans

December 28, 2009

Malaysia Airlines to raise $765m for expansion plans

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NBK: Global recovery underway but caution still required

December 28, 2009

NBK: Global recovery underway but caution still required

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Another scare alert aboard flight from Amsterdam to Detroit

December 28, 2009

Another scare alert aboard flight from Amsterdam to Detroit

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Singapore reports 8.4% rise in visitor arrivals

December 28, 2009

Singapore reports 8.4% rise in visitor arrivals

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Report: UK house prices to fall 1% in 2010

December 28, 2009

Report: UK house prices to fall 1% in 2010

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Cricket: India-Sri Lanka one-dayer abandoned over poor pitch

December 28, 2009

Cricket: India-Sri Lanka one-dayer abandoned over poor pitch

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Cricket: Pakistan struggles against Australia

December 28, 2009

Cricket: Pakistan struggles against Australia

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India- Telecom Sector: Too many tangled wires

December 28, 2009

India- Telecom Sector: Too many tangled wires

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PetroPero plans $840m pipe expansion

December 28, 2009

PetroPero plans $840m pipe expansion

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Japan’s retail sales fall 1% in November

December 28, 2009

Japan’s retail sales fall 1% in November

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KT to buy 25% stake in Omnitel China

December 28, 2009

KT to buy 25% stake in Omnitel China

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Money Market with IBQ: Markets see mixed dollar performance

December 28, 2009

Money Market with IBQ: Markets see mixed dollar performance

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Australia- Ponting worst behaved player according to ICC

December 28, 2009

Australia- Ponting worst behaved player according to ICC

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Cricket: CA plans to discourage youngsters from joining IPL

December 28, 2009

Cricket: CA plans to discourage youngsters from joining IPL

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Ukraine to test new an-158 aircraft

December 28, 2009

Ukraine to test new an-158 aircraft

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Bolivia to invest $117m in home gas connections

December 28, 2009

Bolivia to invest $117m in home gas connections

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Erdogan: Turkey targets 3.5% growth in GDP

December 28, 2009

Erdogan: Turkey targets 3.5% growth in GDP

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Glasgow Airport plans $40m expansion

December 28, 2009

Glasgow Airport plans $40m expansion

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LG Display to invest $30.5m in Taiwan’s Hydis

December 28, 2009

LG Display to invest $30.5m in Taiwan’s Hydis

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China poised to become world’s largest exporter

December 28, 2009

China poised to become world’s largest exporter

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Chavez warns carmakers of getting sacked

December 28, 2009

Chavez warns carmakers of getting sacked

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Forex daily technical analysis – Dec 28

December 28, 2009

Forex daily technical analysis – Dec 28

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Japan’s industrial output grows 2.6% in November

December 28, 2009

Japan’s industrial output grows 2.6% in November

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China’s industrial income surpasses pre-crisis levels

December 28, 2009

China’s industrial income surpasses pre-crisis levels

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Inventec to build $800m plant in China

December 28, 2009

Inventec to build $800m plant in China

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Putin inaugurates new oil export terminal

December 28, 2009

Putin inaugurates new oil export terminal

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Market views on global economic expectations during 2010

December 28, 2009

Market views on global economic expectations during 2010

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Australia is opening up to Islamic finance

December 28, 2009

Australia is opening up to Islamic finance

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Malaysia- WPA aims to assist deposit placements

December 28, 2009

Malaysia- WPA aims to assist deposit placements

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2010 may look much like 2009 in commercial real estate (Fort Worth Business Press)

December 28, 2009

Tarrant County’s commercial real estate market has morphed throughout 2009 into a near still sector and according to local commercial real estate experts, 2010 looks hold more of the same with the possibility of some scathing deals.

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Francesca Levy On Housing

December 28, 2009

Real estate will be an attractive bet for both sophisticated and novice investors in 2010. Wealthy individuals already are defiantly giving over more of their portfolios to real estate, according to

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Video: Airport Security Heightened; Holiday Retail Sales Rose

December 28, 2009

Dec. 28 (Bloomberg) — Jane King summarizes the top stories this morning on the Bloomberg Business Report. (Source: Bloomberg)

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Jets-Bengals Game for NFL Playoff Spot Is Moved to Prime Time Sunday Night

December 28, 2009

By Erik Matuszewski Dec. 28 (Bloomberg) — The New York Jets will play the final game of the National Football League’s regular season in prime time as they try to claim a playoff berth for the first time since 2006. The Jan. 3 game between the Jets and Cincinnati Bengals has been moved to 8:30 p.m. New York time and will be televised nationally on General Electric Co.’s NBC network. The matchup was originally scheduled to start at 1 p.m. at Giants Stadium in East Rutherford, New Jersey. The Jets (8-7) would earn a spot in the NFL’s postseason with a victory over the Bengals, who have already clinched a playoff berth as the American Football Conference North Division champions. Cincinnati has a 10-5 record and is competing with the New England Patriots for the No. 3 playoff seed in the AFC. The Sunday night matchup will be the final game of the NFL’s regular season. New York sent the Indianapolis Colts to their first loss of the season yesterday and is among five teams with 8-7 records competing for the AFC’s final two playoff spots. In another time change, the Dallas Cowboys and Philadelphia Eagles will start at 4:15 p.m. on Jan. 3 instead of 1 p.m. The game, televised by News Corp.’s Fox network, will determine the National Football Conference’s East Division winner. To contact the reporter on this story: Erik Matuszewski in New York at matuszewski@bloomberg.net

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Elusive Monbousquet Blanc Heads My List of White Bordeaux: John Mariani

December 28, 2009

Review by John Mariani Dec. 28 (Bloomberg) — Bordeaux, famous for its magnificent red wines, also makes a few good whites. Not many rank with their better counterparts from Burgundy, yet the prices for some white Bordeaux match all but the most illustrious Grand Crus. I exempt from this discussion Bordeaux’s enchanting dessert wines, Sauternes and Barsacs. Under the famous 1855 classification of the white wines of the Gironde, none were dry. Until the mid-1980s, Graves (where most of the better known whites come from), made such a wide variety of styles — light sauvignon blancs, herbaceous semillons, wines that were oaky or oxidized — that buyers had little consistency to base decisions on. Then, in 1987, the northern communes were given a higher classification of appellation, “Pessac-Leognan,” which challenged vintners to upgrade their facilities and products. Quality has improved overall. With such a short track record, it’s difficult to accept the argument that the better white Graves need a decade to mature. Few of even the great white burgundies get better over 10 years. And who has the patience to wait that long for a white Bordeaux? Recent tastings of several of the best-known Graves whites did little to change my mind. Fans celebrate their “flinty austerity,” which is another way of saying they have minimal fruit, lean body, and a short finish. Expensive Afterthought Chateau Lynch-Bages , owned by the AXA SA insurance group, makes a Fifth Growth red wine many believe should rank higher. But the 2006 Blanc de Lynch-Bages seems little more than an expensive afterthought, selling at between $40-$70. One on-line wine site finds “fruit, citrus, young, acidic, white, nutty, mineral, nuts, lemon, Mediterranean and subtropical fruits.” I’ll agree with it being white, but the only Mediterranean reference I buy is that it’s no better than a modest pinot grigio costing one-third the price. Carbonnieux Blanc 2006 ($30-$45) is indeed austere, like a performance of John Cage’s 4’ 33,” in which the pianist sits at the piano for 4 minutes and 33 seconds and plays nothing. There is only an aroma if you imagine it, only flavor if you squint your eyes, and were it not for its alcohol, you might mistake it for mineral water. Of those whites I enjoyed, Pavillon Blanc du Chateau Margaux 2005 ($75-$135) is 100 percent sauvignon blanc and made to express that varietal’s floral, citrus and vegetal character. The high 14 percent alcohol helps rather than hinders in this case. This is not a lush Loire Valley-style sauvignon blanc, but there are mineral nuances here that make it a stand-out for Bordeaux. I do not, however, think it is getting any better after four years of age, so drink up now. Bordeaux Upgrade Chateau Smith Haut Lafitte Blanc 2005 ($70-$90) — made from 90 percent sauvignon blanc, 5 percent sauvignon gris and 5 percent semillon — shows the kind of upgrade Bordeaux whites have gone through. It’s pleasingly plump and balanced with enough acid to be refreshing while still delivering richness. With a lovely finish of minerality, it is excellent with seafood. For me, one of the great white Bordeaux is not even from Graves. It is Chateau Monbousquet , a St.-Emilion whose Grand Cru red brother has built a high reputation all its own since Parisian hypermarket magnate Gerard Perse bought and completely renovated the vineyards in 1993. I tasted the Monbousquet blanc 2004 by chance recently when I asked Emilie Garvey, sommelier at New York’s SHO Shaun Hergatt restaurant, to choose a good white wine for our dinner. ‘Fat, Buttery’ “It is a wine that is extremely allocated and difficult to get,” Garvey said. “It’s certainly not typical of Bordeaux whites, which have a lean, crisp, flinty flavor from the shells in the soil. Monbousquet has a fat, creamy, buttery taste and texture I think is the richest style in the market right now.” She’s right. The wine, which SHO sells for $220 a bottle, was a revelation — a white Bordeaux not shy about its body. In the nose, in the first sip and in the finish, here was a wine that showed the fullness of sauvignon blanc without the grassiness that can cripple the fruit. And that’s only the beginning: the blend has 35 percent sauvignon gris, 5 percent muscadelle and 5 percent semillon, each bringing nuance and floral flavors. Only about 450 cases are made each year, so the 2006 and 2007 vintages are bargains at about $40 to $70 a bottle at retail stores. By the way, if you’re going to SHO Shaun Hergatt, Garvey was only able to obtain three bottles and I drank one. So hurry. ( John Mariani writes on wine for Bloomberg News. The opinions expressed are his own.) To contact the writer of this column: John Mariani at john@johnmariani.com .

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Most Profitable CEOs Get Smallest Gains in Biggest Stock Rally Since 1930

December 28, 2009

By Alexis Xydias

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