AP - An oil platform exploded and burned off the Louisiana coast Thursday, the second such disaster in the Gulf of Mexico in less than five months. This time, the Coast Guard said there was no leak, and no one was killed.
AP - ArcSight Inc. said Thursday its fiscal first-quarter profit tripled as the cybersecurity software and services company's sales jumped 39 percent. Read more...
9/2/10,
GM's new boss woos autoworkers in first staff memo
(Reuters) »»
Reuters - General Motors' new boss Dan Akerson sent his first letter to staff on Thursday, saying he valued the role of organized labor in the company's success as GM heads into negotiations with its union-represented U.S. workers next year.
9/2/10,
Bernanke takes blame for muddled message on Lehman
(Reuters) »»
Reuters - U.S. Federal Reserve Chairman Ben Bernanke said he was partly to blame for leaving the wrong impression that the central bank could have saved Lehman Brothers from failure in 2008.
9/2/10,
Con man could get life under Calif. 3-strikes law
(AP) »»
AP - A man accused of bilking elderly South Los Angeles residents out of their homes in a foreclosure scam is facing a potential life sentence in a rare use of California's three-strikes law for a white-collar crime. Read more...
9/2/10,
More Dems buck plan to let taxes increase for rich
(AP) »»
AP - Congress seems increasingly reluctant to let taxes go up, even on wealthier Americans.
9/2/10,
Stocks rise on economic hopes ahead of payrolls
(Reuters) »»
Reuters - Stocks rose on low volume on Thursday as data showed improvement in housing and the job market a day ahead of the critical monthly payrolls figures.
9/2/10,
Burger King agrees to $3.3 billion sale to 3G Capital
(Reuters) »»
Reuters - Burger King Holdings Inc agreed to sell itself to investment firm 3G Capital for $3.26 billion, giving the No. 2 U.S. fast-food chain breathing room to fix its business and close the gap with leader McDonald's Corp.
9/2/10,
Video: Auerback Urges Job Guarantees Over Jobless Benefits: Video »»
Sept. 2 (Bloomberg) -- Marshall Auerback, a senior fellow at the Roosevelt Institute and a consulting strategist at Pacific Investment Management Co., talks about the limits of Federal Reserve policy in terms of influence on the U.S. economy and his suggestion for government-guaranteed jobs in place of unemployment benefits. Auerback talks with Carol Massar on Bloomberg Television's "Street Smart." (Source: Bloomberg)
9/2/10,
Video: Carl Larry Discusses Mariner Energy Platform Explosion: Video »»
Sept. 2 (Bloomberg) -- Carl Larry, president of Oil Outlooks and Opinions LLC, talks with Bloomberg's Melissa Long about an explosion on a Mariner Energy Inc. platform in the Gulf of Mexico, 80 miles off the Louisiana coast, and the outlook for Apache Corp.'s acquisition of Mariner. (Source: Bloomberg)
9/2/10,
Video: Deutsche Bank's Waugh Says M&A Is Starting to `Heat Up': Video »»
Sept. 2 (Bloomberg) -- Seth Waugh, chief executive officer of Deutsche Bank AG's Americas division, talks with Bloomberg's Melissa Long about investor confidence and merger and acquisition activity. Waugh speaks at Deutsche Bank's Labor Day golf championship in Norton, Massachusetts, which is co-sponsored by the Tiger Woods Foundation. (Source: Bloomberg)
9/2/10,
Video: Franklin Sees Earl Brushing Outer Banks Overnight: Video »»
Sept. 2 (Bloomberg) -- James Franklin, chief hurricane forecaster at the National Hurricane Center, talks with Bloomberg's Melissa Long about Hurricane Earl's movement toward the U.S. East Coast. Earl, a Category 3 storm, is expected to brush the Outer Banks of North Carolina overnight and pass within 30 miles of Massachusetts' Nantucket Island this weekend. (Source: Bloomberg)
9/2/10,
Video: Stone & McCarthy's Stone Discusses U.S. Jobless Rate: Video »»
Sept. 2 (Bloomberg) -- Raymond Stone, chief economist at Stone & McCarthy Research Associates, discusses the outlook for the U.S. labor market and jobless claims. (This is an excerpt of the full interview. Source: Bloomberg)
9/2/10,
Video: Bloomberg's Zumbrun Discusses Bernanke's Performance: Video »»
Sept. 2 (Bloomberg) -- Bloomberg's Joshua Zumbrun talks with Julie Hyman and Mark Crumpton about Ben S. Bernanke, who has emerged as the most powerful Federal Reserve chairman after President Barack Obama signed into law a bill overhauling financial regulation that gave the central bank new regulatory heft. (Source: Bloomberg)
9/2/10,
Video: Bats' Ratterman Discusses Expansion Strategy: Video »»
Sept. 2 (Bloomberg) -- Joe Ratterman, chief executive officer and president of Bats Global Markets, says the third-largest U.S. exchange operator is seeking to expand to new products and markets. Bloomberg's Suzanne O'Halloran reports. (This is an excerpt. Source: Bloomberg)
9/2/10,
Video: Elliott Sees Fed Gaining `Significantly More' Power: Video »»
Sept. 2 (Bloomberg) -- Douglas Elliott, a fellow at the Brookings Institution, talks about the financial crisis, the Federal Reserve and the performance of Fed Chairman Ben S. Bernanke. Elliott speaks with Pimm Fox on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)
9/2/10,
Video: Blue Says Coast Guard Rescued Platform Workers in Gulf: Video »»
Sept. 2 (Bloomberg) -- Coast Guard Chief Petty Officer Thomas Blue talks with Bloomberg's Mark Crumpton about the rescue of workers from a platform owned by Mariner Energy Inc. in the Gulf of Mexico that exploded and caught fire. Thirteen workers were on the platform at the time of the blast and they evacuated into the water, according to the Coast Guard. (Source: Bloomberg)
9/2/10,
Video: Coast Guard Reports Blast on Gulf of Mexico Platform: Video »»
Sept. 2 (Bloomberg) -- An oil and gas platform in the Gulf of Mexico off the Louisiana coast was struck by an explosion today. Bloomberg's Pimm Fox and Michael McKee report the rig is owned by Mariner Energy Inc. (Source: Bloomberg)
9/2/10,
Video: Dell Walks Away From 3Par After HP’s $33-a-Share Offer: Video »»
Sept. 2 (Bloomberg) -- Dell Inc. declined to match Hewlett-Packard Co.’s $33-a-share offer for 3Par, ending a bidding war for the data-storage supplier that stretched into 18 days. Bloomberg's Suzanne o'Halloran reports. (Source: Bloomberg)
9/2/10,
Video: CCS's Wood Says Apple 'Have Nailed It' With Ipad Product »»
Sept. 2 (Bloomberg) -- Ben Wood, an analyst at CCS Insight, talks about the consumer technology market and assesses the success of Apple Inc.'s new products. He speaks with Maryam Nemazee on Bloomberg Television's "The Pulse."
9/2/10,
Video: William Fleckenstein Discusses U.S. Stocks, Strategy: Video »»
Sept. 2 (Bloomberg) -- William Fleckenstein, president of Fleckenstein Capital Inc., discusses equities and his investment strategy. Fleckenstein talks with Betty Liu and Jon Erlichman on Bloomberg Television’s “In the Loop.” (This is an excerpt of the full interview. Source: Bloomberg)
9/2/10,
Video: McKelvey Sees U.S. Jobless Rate Reaching 10% in 2011: Video »»
Sept. 2 (Bloomberg) -- Edward McKelvey, senior U.S. economist at Goldman Sachs Group Inc., talks about the prospects for tomorrow's August U.S. jobs report and Federal Reserve actions to stimulate economic growth. McKelvey speaks with Betty Liu on Bloomberg Television’s “In the Loop." (Source: Bloomberg)
9/2/10,
Video: Bill Ackman Discusses Stuyvesant Town Project Hearing: Video »»
Sept. 2 (Bloomberg) -- Pershing Square Capital Management LP’s Bill Ackman said he was confident a judge “will come to the right answer” regarding a court hearing today for a planned foreclosure auction involving the Stuyvesant Town-Peter Cooper Village apartment complex. Bloomberg's Monica Bertran reports. (Source: Bloomberg)
9/2/10,
Video: Haverty Says Apple Has Retail Advantage Over Rivals: Video »»
Sept. 2 (Bloomberg) -- Lawrence Haverty, portfolio manager at Gamco Investors Inc., talks about Apple Inc.'s revamped Apple TV set-top box and outlook for the company. Apple TV features programming from Netflix inc. and Google Inc.'s YouTube, as well as a rental service that includes shows from News Corp.'s Fox. Haverty speaks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)
9/2/10,
Video: Grano Discusses Fuld Testimony at FCIC Hearings: Video »»
Sept. 2 (Bloomberg) -- Joseph Grano, chief executive officer of Centurion Holdings LLC, discusses yesterday’s testimony by Richard Fuld, former chief executive officer of Lehman Brothers Holdings Inc., at the Financial Crisis Inquiry Commission hearings. Grano talks with Betty Liu on Bloomberg Television's "In the Loop." (This is an excerpt of the full interview. Source: Bloomberg)
9/2/10,
Video: Jobless Claims in U.S. Decreased to 472,000 Last Week: Video »»
Sept. 2 (Bloomberg) -- The number of Americans seeking jobless benefits fell by 6,000 to 472,000 in the week ended Aug. 28, in line with the median forecast of economists surveyed by Bloomberg News, Labor Department figures showed today in Washington. Bloomberg's Betty Liu and Michael McKee report. (Source: Bloomberg)
9/2/10,
Video: FCIC's Georgiou Says Fed Had `Options' With Lehman: Video »»
Sept. 2 (Bloomberg) -- Byron Georgiou, a member of the Financial Crisis Inquiry Commission, discusses the panel’s inquiry into events during the financial crisis. Federal Reserve Chairman Ben S. Bernanke and Federal Deposit Insurance Corporation Chairman Sheila Bair are scheduled to testify today. Georgiou talks with Peter Cook on Bloomberg Television’s “InsideTrack.” (Source: Bloomberg)
9/2/10,
Video: Stanford Says Samsung Aims to Lead Tablet Market by 2011: Video »»
Sept. 2 (Bloomberg) -- Simon Stanford, head of U.K. mobile business for Samsung Electronics Co., talks about the company's new Galaxy Tab tablet computer, the competitive challenge from Apple Inc.'s iPad and market strategy. Stanford speaks with Deirdre Bolton on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
9/2/10,
Video: Simpfendorfer Sees Demand Side Details Lacking for China: Video »»
Sept. 2 (Bloomberg) -- Ben Simpendorfer, chief China economist at Royal Bank of Scotland Group, talks about the challenges facing investors in trying to understand the economic growth of China. Simpendorfer speaks with Deirdre Bolton on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
9/2/10,
Video: Munster Sees Apple's `Grip' on Market Getting Stronger: Video »»
Sept. 2 (Bloomberg) -- Gene Munster, an analyst at Piper Jaffray Cos., talks about the outlook for Apple Inc. after the company unveiled new iPod media players and a lower-priced Apple TV set-top box yesterday. Munster speaks with Deirdre Bolton on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
9/2/10,
Video: Horrow on Roddick Losing Temper, Popularity of Tennis: Video »»
Sept. 2 (Bloomberg) -- Rick Horrow, founder of Horrow Sports Ventures Inc. and a Bloomberg Television contributing editor, discusses Andy Roddick's reaction after being called for a foot fault at last night's second-round match at the U.S. Open at the National Tennis Center in New York. Horrow also discusses the popularity of tennis in the U.S. He talks with Deirdre Bolton on Bloomberg Television's "Inside Track." (Source: Bloomberg)
9/2/10,
Video: BNP's Wattret Sees ECB Raising European Growth Forecast »»
Sept. 2 (Bloomberg) -- Ken Wattret, chief euro-area economist at BNP Paribas SA, talks about the prospects for the European Central Bank to raise the region's growth forecast and wind down the stimulus program. He speaks with Maryam Nemazee on Bloomberg Television's "The Pulse."
9/2/10,
Video: Irish Question Costs as Bank Rescue Trumps Austerity: Video »»
Sept. 2 (Bloomberg) -- Irish taxpayers are questioning the wisdom of bailing out the nation's banks as costs keep mounting. Anglo Irish Bank Corp. said Aug. 31 it needs about 25 billion euros ($32.1 billion) in state funding, equivalent to about two-thirds of this year’s tax revenue. Standard & Poor’s, which last week cut the country’s credit rating to AA-, said the state may have to inject as much as 35 billion euros. Bloomberg's Sara Eisen reports. (Source: Bloomberg)
9/2/10,
Video: Hays's Venables Says Few U.K. Employers Are Adding Jobs »»
Sept. 2 (Bloomberg) -- Paul Venables, chief financial officer of Hays Plc, talks about full-year earnings at the U.K.'s biggest recruitment firm and the outlook for employment in the countries in which it operates. Hays said full-year profit dropped 91 percent as permanent hiring slumped and the company took one-time charges, including a reserve to cover a U.K. Office of Fair Trading fine. Venables speaks with Mark Barton on Bloomberg Television's "Countdown."
9/2/10,
Video: Deutsche Bank's Brebner Sees Gold at 2011 High of $1,550 »»
Sept. 2 (Bloomberg) -- Daniel Brebner, head of metals research at Deutsche Bank AG, talks about his forecast for gold prices next year. He speaks with Maryam Nemazee on Bloomberg Television's "The Pulse."
9/2/10,
Video: Nikko's Vail Says Japan Auto, Bank Stocks `Inexpensive' »»
Sept. 2 (Bloomberg) -- John Vail, chief global strategist at Nikko Asset Management, talks about equity investment opportunities in Japan and the impact of the strengthening yen on strategy. He speaks with Mark Barton on Bloomberg Television's "Countdown."
9/2/10,
Video: ING's Van Nieuwenhuijzen Says ECB Won't Unveil 2011 Plan »»
Sept. 2 (Bloomberg) -- Valentijn van Nieuwenhuijzen, head of fixed income and economics at ING Investment Management, talks about today's policy meeting of the European Central Bank and the outlook for government debt. (Source: Bloomberg) He speaks with Mark Barton on Bloomberg Television's "Countdown."
9/2/10,
Video: Informa's Cottle Says Apple TV Still Lacks Wide Content »»
Sept. 2 (Bloomberg) -- Giles Cottle, a senior analyst at U.K. data provider and publisher Informa Plc, talks about Apple Inc.'s upgrade for its TV product that lets users rent shows and movies. Apple unveiled a lower-priced Apple TV set-top box yesterday that can offer high-definition TV-program rentals for 99 cents. Cottle speaks with Mark Barton on Bloomberg Television's "Countdown." (Source: Bloomberg)
Sept. 2 (Bloomberg) -- Bloomberg's William Pesek talks about Japan's efforts to stem the yen's gains and spur economic growth. The yen reached 83.60 per dollar on Aug. 24, the strongest since June 1995. The Bank of Japan boosted a bank-loan program by 10 trillion yen ($118 billion) to a total of 30 trillion yen on Aug. 30, while the government unveiled a 920 billion yen stimulus package. Pesek talks with Linzie Janis on Bloomberg Television's "Global Connection." (William Pesek is a Bloomberg News columnist. The opinions expressed are his own. Source: Bloomberg)
9/2/10,
Video: Spain Struggles to Cut Unemployment Among Jobless Youth: Video »»
Sept. 2 (Bloomberg) -- Bloomberg's Elliott Gotkine reports on efforts by Spain's Prime Minister Jose Luis Rodriguez Zapatero to cut youth unemployment. (Source: Bloomberg)
9/2/10,
Video: Donovan Says U.S. Nowhere Near a `Double-Dip' Recession: Video »»
Sept. 2 (Bloomberg) -- Paul Donovan, deputy head of global economics at UBS AG, talks about the outlook for the U.S. economy and Federal Reserve monetary policy. Donovan also discusses the European Central Bank meeting today. ECB President Jean-Claude Trichet may signal that the bank will stay in crisis mode into next year as the risk of a renewed U.S. recession threatens the euro region’s economic rebound. Donovan speaks with Linzie Janis on Bloomberg Television's "Global Connection." (Source: Bloomberg)
9/1/10,
Video: Morse Says Primus Considering Appeal for AIG Taiwan Unit: Video »»
Sept. 2 (Bloomberg) -- Robert Morse, co-chief executive officer and chairman of Primus Financial Holdings Ltd., talks about the regulatory rejection of its bid for American International Group Inc.'s Taiwan unit, Nan Shan Life Insurance Co. A group comprised of Primus Financial and China Strategic Holdings Ltd. failed to convince Taiwan's Financial Supervisory Commission they had the financial capability and long-term commitment to operate the business, Wu Tang-chieh, vice chairman of the regulator, said at a briefing in Taipei on Aug. 31. China Strategic CEO Raymond Or has also said the company will consider appealing the decision. Morse talks with Rishaad Salamat on Bloomberg Television. (Source: Bloomberg)
9/1/10,
Video: Tay Says Obama Must Keep Constant Engagement With Asia: Video »»
Sept. 2 (Bloomberg) -- Simon Tay, chairman of the Singapore Institute of International Affairs and author of "Asia Alone: The Dangerous Post-Crisis Divide from America," talks about U.S.-Asia relations. Tay speaks in Hong Kong with Rishaad Salamat on Bloomberg Television. (Source: Bloomberg)
9/1/10,
Video: Tay Says Obama Must Keep Constant Engagement With Asia: Video »»
Sept. 2 (Bloomberg) -- Simon Tay, chairman of the Singapore Institute of International Affairs and author of "Asia Alone: The Dangerous Post-Crisis Divide from America," talks about U.S.-Asia relations. Tay speaks in Hong Kong with Rishaad Salamat on Bloomberg Television. (Source: Bloomberg)
9/1/10,
Video: TrueCar.com's Painter Says U.S. Auto Market Has Bottomed: Video »»
Sept. 2 (Bloomberg) -- Scott Painter, chief executive officer of TrueCar.com, an automotive-sales data-marketing company, talks about the outlook for the U.S. auto industry. Toyota Motor Corp., General Motors Co. and Ford Motor Co., the three largest sellers of autos in the U.S., reported bigger sales declines than analysts projected as the industry posted its worst August in 28 years. Painter speaks with Rishaad Salamat on Bloomberg Television. (Source: Bloomberg)
9/1/10,
Video: IMF's Lall Says Korea Economy Recovering `Very Strongly': Video »»
Sept. 2 (Bloomberg) -- Subir Lall, mission chief to South Korea at the International Monetary Fund, talks about the outlook for the country's economy. Lall also discusses the rise of the Korean won and its impact on the nation's exports. Lall speaks with Rishaad Salamat on Bloomberg Television. (Source: Bloomberg)
9/1/10,
Video: Zebra's Gustafsson Discusses Outlook for Bar-Code Market: Video »»
Sept. 1 (Bloomberg) -- Anders Gustafsson, chief executive officer of Zebra Technologies Corp., talks about the outlook for the bar-code market. Zebra is a maker of bar-code printers and tracking labels. Gustafsson speaks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)
9/1/10,
Video: Rochdale's Bove Discusses Lehman Brothers Collapse: Video »»
Sept. 1 (Bloomberg) -- Richard Bove, an analyst at Rochdale Securities LLC, talks about the collapse of Lehman Brothers Holdings Inc. Former Chief Executive Officer Richard Fuld today said regulators relied on "flawed information" in denying his company aid that was extended to competitors. Bove talks with Pimm Fox on Bloomberg Television's "Taking Stock." (This is an excerpt of the full interview. Source: Bloomberg)
9/1/10,
Video: Altimeter's Gartenberg Discusses Outlook for Apple TV: Video »»
Sept. 1 (Bloomberg) -- Michael Gartenberg, an analyst with Altimeter Group, talks about Apple Inc.'s revamp of its Apple TV set-top box. He talks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)
9/1/10,
Video: Ellis Sees State, Local Budget Shortfalls Slowing Growth: Video »»
Sept. 1 (Bloomberg) -- Lincoln Ellis, managing director of Linn Group Inc. and chief investment officer at Strategic Financial Group, talks about the potential impact of state and local budget shortfalls on economic growth and the labor market. Ellis also discusses U.S. stocks and economic policies. He talks with Carol Massar, Matt Miller, Dominic Chu and Julie Hyman on Bloomberg Television's "Taking Stock." Doug Prskalo of Blue Capital Group also speaks. (Source: Bloomberg)
9/1/10,
Video: Ellis Sees State, Local Budget Shortfalls Slowing Growth: Video »»
Sept. 1 (Bloomberg) -- Lincoln Ellis, managing director of Linn Group Inc. and chief investment officer at Strategic Financial Group, talks about the potential impact of state and local budget shortfalls on economic growth and the labor market. Ellis also discusses U.S. stocks and economic policies. He talks with Carol Massar, Matt Miller, Dominic Chu and Julie Hyman on Bloomberg Television's "Taking Stock." Doug Prskalo of Blue Capital Group also speaks. (Source: Bloomberg)
9/1/10,
Video: U.S. Stocks Advance Most Since July on Manufacturing: Video »»
Sept. 1 (Bloomberg) -- Bloomberg's Elizabeth Faublas reports on the performance of the U.S. equity market today. U.S. stocks rallied the most in almost two months as better-than-estimated growth in American and Chinese manufacturing bolstered confidence in the global economic recovery. Bloomberg's Pimm Fox also speaks. (Source: Bloomberg)
9/1/10,
Video: TrimTabs's Biderman Says U.S. Economy Is `Slipping': Video »»
Sept. 1 (Bloomberg) -- Charles Biderman, chief executive officer of TrimTabs Investment Research, talks about the outlook for the U.S. economy. Biderman, speaking with Carol Massar and Matt Miller on Bloomberg Television's "Street Smart," also discusses investment trends by asset class and the U.S. labor market. (Source: Bloomberg)
9/1/10,
Video: Magliano Says August U.S. Auto Sales Are Disappointing: Video »»
Sept. 1 (Bloomberg) -- George Magliano, director of North American research for IHS Automotive, talks with Bloomberg's Melissa Long about U.S. automobile sales for August and the outlook for Dan Akerson's tenure as chief executive officer of General Motors Co. Toyota Motor Corp., GM and Ford Motor Co., the world’s three largest automakers, reported sales declines that exceeded analysts’ projections as the industry headed for its worst August in 28 years. Akerson replaces Ed Whitacre as GM's CEO today. (Source: Bloomberg)
9/1/10,
Video: Hurricane Earl Threatens U.S. Coast, Followed by Fiona: Video »»
Sept. 1 (Bloomberg) -- Hurricane Earl churned closer to the U.S. East Coast, threatening an area from North Carolina to Massachusetts with high winds and rain. Bloomberg's Melissa Long reports. (Source: Bloomberg)
9/1/10,
Video: Maki Says U.S. Double-Dip Recession Is `Quite Unlikely': Video »»
Sept. 1 (Bloomberg) -- Dean Maki, chief U.S. economist at Barclays Capital, talks with Bloomberg's Melissa Long and Michael McKee about market reaction to the latest U.S. economic data and the outlook for the economy. (Source: Bloomberg)
9/1/10,
Video: Apple Unveils New TV Set-Top Box, ITunes Social Features: Video »»
Sept. 1 (Bloomberg) -- Apple Inc. introduced a new version of its Apple TV set-top box and updated versions of its market-leading iPod media players and iTunes software, including more social-networking features that let users see what their friends are downloading. Bloomberg's Cris Valerio reports. (Source: Bloomberg)
It was a big week for economic data, and the technology and restaurant chain sectors were abuzz with merger and acquistion news. On Monday, the Commerce Department said consumer spending increased 0. Read more...
9/2/10,
Verizon Shakes Out A Few More Bucks For Investors »»
