Bloomberg

Video: Diener Says Getaroom.com Offers `Unpublished Rate': Video

Sat, 07 Nov 2009 00:38:23 +0000

Nov. 6 (Bloomberg) -- Robert Diener, founder and former president of Hotels.com, talks with Bloomberg's Pimm Fox about getaroom.com's hotel booking system and the Las Vegas and Orlando markets. Diener is co-founder of getaroom.com, a new booking site that specializes in hotel deals in 20 cities in North America and Europe. (Source: Bloomberg)

Video: BornFree's Vigdor Discusses Non-BPA Plastic Baby Bottles: Video

Sat, 07 Nov 2009 00:23:18 +0000

Nov. 6 (Bloomberg) -- Ron Vigdor, president of BornFree, talks with Bloomberg's Pimm Fox about the company's products that don't contain bisphenol-A, a chemical used to stiffen plastics. BPA, which can leach into food and liquids, has been linked to heart and fertility disorders. BornFree baby bottles and accessories are distributed by Whole Foods Market Inc.'s stores and other retailers. (Source: Bloomberg)

Video: Jindel Says China Demand to Help Burlington, Berkshire: Video

Sat, 07 Nov 2009 00:23:14 +0000

Nov. 6 (Bloomberg) -- Satish Jindel, president of SJ Consulting Group, talks with Bloomberg's Matt Miller and Carol Massar about Berkshire Hathaway Inc.'s planned takeover of Burlington Northern Santa Fe Corp. Jindel says that Burlington will benefit from Chinese demand for soybeans and cotton. (Source: Bloomberg)

Video: YCMNet's Yoshikami Likes General Electric, Activision: Video

Fri, 06 Nov 2009 23:03:38 +0000

Nov. 6 (Bloomberg) -- Michael Yoshikami, chief investment strategist at YCMNet Advisors, and Dan Brady, an options trader at Entropy Capital, talk with Bloomberg's Carol Massar and Matt Miller about the U.S. economy, stock market and their investment advice. Yoshikami says he expects growth at General Electric Co. and Activision Blizzard Inc. (Source: Bloomberg)

Video: Rendell Says Unemployment Might Rise in Pennsylvania: Video

Fri, 06 Nov 2009 22:51:17 +0000

Nov. 6 (Bloomberg) -- Pennsylvania Governor Ed Rendell, a Democrat, talks with Bloomberg's Matt Miller and Carol Massar about the outlook for unemployment. Rendell says unemployment might "tick a little bit higher" in Pennsylvania. The unemployment rate in the U.S. jumped to 10.2 percent in October, the highest level since 1983, casting a pall over the prospects for a sustained recovery and risking further erosion of President Barack Obama’s popularity. (Source: Bloomberg)

Video: Stocks Gain as GE Helps Market Overcome Jobless Rate: Video

Fri, 06 Nov 2009 22:42:06 +0000

Nov. 6 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks gained, overcoming the first unemployment rate exceeding 10 percent since 1983, as analyst upgrades of General Electric Co. and Macy’s Inc. helped spur optimism that the economy is recovering. (Source: Bloomberg)

Video: Wesbury Says U.S. May See Job Growth by December: Video

Fri, 06 Nov 2009 22:05:01 +0000

Nov. 6 (Bloomberg) -- Brian Wesbury, chief economist at First Trust Advisors LP, talks with Bloomberg's Carol Massar and Matt Miller about the U.S. labor market and economy. The unemployment rate in the U.S. jumped to 10.2 percent in October, the highest level since 1983, casting a pall over the prospects for a sustained recovery. (Source: Bloomberg)

Video: Baily Says Unemployment Likely to Stay High Most of 2010: Video

Fri, 06 Nov 2009 21:40:18 +0000

Nov. 5 (Bloomberg) -- Martin Baily, a senior fellow at the Brookings Institution and former chairman of the Council of Economic Advisers during the Clinton Administration, talks with Bloomberg's Matt Miller, Carol Massar and Michael McKee about the outlook for the U.S. labor market. Payrolls fell by 190,000 last month, more than forecast by economists, a Labor Department report showed today in Washington. (Source: Bloomberg)

Video: Heinz Says Hedge Funds Had `Narrow' Decline in October: Video

Fri, 06 Nov 2009 21:18:35 +0000

Nov. 6 (Bloomberg) -- Kenneth Heinz, president of Hedge Fund Research Inc., talks with Bloomberg's Julie Hyman and Mark Crumpton about the performance of hedge funds in October. Heinz also discusses investment strategy and the performance of relative value funds. (Source: Bloomberg)

Video: Aquila Sees Rise in Global Mergers & Acquisitions Market: Video

Fri, 06 Nov 2009 20:38:17 +0000

Nov. 6 (Bloomberg) -- Frank Aquila, a partner at Sullivan & Cromwell LLP, talks with Bloomberg's Lori Rothman about the outlook for mergers and acquisitions. Aquila and Steve Krouskos, America's market leader at Ernst & Young Transaction Advisory, also discuss the U.S. labor market. (Source: Bloomberg)

Video: Cenedella Says Demand for `High-End' Workers Is Rising: Video

Fri, 06 Nov 2009 19:25:10 +0000

Nov. 6 (Bloomberg) -- Marc Cenedella, chief executive officer of TheLadders.com, talks with Bloomberg's Lori Rothman about the white-collar labor market and the U.S. unemployment rate. October's employment report showed the country's jobless rate soared to a 26-year high of 10.2 percent. TheLadders.com is an online job search service that focuses on positions paying $100,000 or more a year. (Source: Bloomberg)

Video: Brynjolfsson Discusses Fed Policy, Unemployment Rate: Video

Fri, 06 Nov 2009 19:21:20 +0000

Nov. 6 (Bloomberg) -- John Brynjolfsson, chief investment officer of Armored Wolf LLC, talks with Bloomberg Television about the outlook for Federal Reserve monetary policy after the U.S. unemployment rate soared to a 26-year high of 10.2 percent. (This report is an excerpt. Source: Bloomberg)

Video: Coleman Says Univ. of Michigan in Good Financial Shape: Video

Fri, 06 Nov 2009 19:21:16 +0000

Nov. 6 (Bloomberg) -- University of Michigan President Mary Sue Coleman talks with Bloomberg's Lori Rothman and Mark Crumpton about the university's finances and partnership with Google Inc. to digitize books. Coleman says the university is in "very good financial shape." (Source: Bloomberg)

Video: Bernstein Says Half of `Stimulus Punch' Still to Come: Video

Fri, 06 Nov 2009 19:17:24 +0000

Nov. 6 (Bloomberg) -- White House economic adviser Jared Bernstein talks with Bloomberg's Lori Rothman about the outlook for spending the remaining funds in the government's economic stimulus package. The unemployment rate in the U.S. jumped to 10.2 percent in October, the highest level since 1983, a Labor Department report showed today. Payrolls fell by 190,000. (Source: Bloomberg)

Video: Ulanoff Discusses Verizon Droid, Smart Phone Competition: Video

Fri, 06 Nov 2009 18:46:25 +0000

Nov. 6 (Bloomberg) -- Lance Ulanoff, editor-in-chief of PCMag.com, talks with Bloomberg Television about Motorola Inc.'s Droid smart phone, which is powered by Google Inc.'s Android operating system and serviced through Verizon Wireless. (This is an excerpt from the full interview. Source: Bloomberg)

Video: Egypt's Boutros-Ghali Says Global Economy Past the Worst: Video

Fri, 06 Nov 2009 18:30:50 +0000

Nov. 6 (Bloomberg) -- Egyptian Finance Minister Youssef Boutros-Ghali talks with Bloomberg's Francine Lacqua about the outlook for the global economy. Boutros-Ghali, speaking in St. Andrews, Scotland, where finance ministers from the Group of 20 nations are meeting, also discusses emerging market investment trends and efforts to prevent asset bubbles. (Source: Bloomberg)

Video: Exlservice's Kapoor Sees Growth in Outsourcing Demand: Video

Fri, 06 Nov 2009 18:30:46 +0000

Nov. 6 (Bloomberg) -- Rohit Kapoor, chief executive officer of Exlservice Holdings Inc., talks with Bloomberg's Margaret Brennan about the company's third-quarter earnings and acquisition strategy. New York-Based Exlservice, which provides offshore services for banking and insurance companies, raised its 2010 sales forecast. (Source: Bloomberg)

Video: AIG Sales Decline at Property-Casualty, Life Units: Video

Fri, 06 Nov 2009 18:26:59 +0000

Nov. 6 (Bloomberg) -- American International Group Inc., the insurer bailed out by the U.S., fell the most in two months in New York trading after posting sales declines at its property-casualty and life insurance divisions. AIG today reported third-quarter net income of $455 million, or 68 cents a share. Bloomberg's Zahra Burton reports. (Source: Bloomberg)

Video: Anders Borg Says G-20 Must Retain Expansionary Policies: Video

Fri, 06 Nov 2009 17:33:38 +0000

Nov. 6 (Bloomberg) -- Swedish Finance Minister Anders Borg talks with Bloomberg's Francine Lacqua from the G-20 summit in St. Andrews, Scotland, about the outlook for the global economy. Borg said leaders need to send a "very clear message" that they will sustain expansionary policies as long as necessary even as the global economy has made "substantial" headway coming out of the crisis. (Source: Bloomberg)

Video: Davis Says U.S. Policies May Hinder Labor Market Growth: Video

Fri, 06 Nov 2009 16:59:21 +0000

Nov. 6 (Bloomberg) -- Steven Davis, a professor at the University of Chicago, talks with Bloomberg's Margaret Brennan about the impact government programs may have on jobs growth and economic sentiment. Davis also discusses the "disincentive" effect created by extending unemployment insurance and the hiring enviromment. Payrolls fell by 190,000 workers last month and the jobless rate soared to a 26-year high of 10.2 percent, according to figures released from the Labor Department today. (Source: Bloomberg)

Video: Dollar Volatile as U.S. Payrolls Fall More Than Forecast: Video

Fri, 06 Nov 2009 16:47:53 +0000

Nov. 6 (Bloomberg) -- Bloomberg's Sara Eisen reports on currency market activity amid the release today of the U.S. jobs report, which showed payrolls falling more than forecast and the unemployment rate jumping to 10.2 percent in October. (Source: Bloomberg)

Video: Elizabeth Warren Says TARP Will Probably Make a Profit: Video

Fri, 06 Nov 2009 16:04:01 +0000

Nov. 6 (Bloomberg) -- Elizabeth Warren, chairman of the Congressional Oversight Panel for the Troubled Asset Relief Program, talks with Bloomberg's Carol Massar, Adam Johnson and Jon Erlichman about the outlook for TARP. Warren, speaking from Washington, also discusses the transparency of assets backed by government funds and systemic risk created by banks that are perceived as too big to fail. (Source: Bloomberg)

Video: Sargen Doesn't See U.S. Job Market Improving This Year: Video

Fri, 06 Nov 2009 15:55:37 +0000

Nov. 6 (Bloomberg) -- Nick Sargen, chief investment officer at Fort Washington Investment, talks with Bloomberg's Carol Massar and Jon Erlichman about the October U.S. employment report, which showed the jobless rate soaring to a 26-year high of 10.2 percent. Sargen also discusses the possible impact of the report on investor sentiment and economic outlook. (Source: Bloomberg)

Video: Bandholz Says Job Market Worse Than What's Shown in Data: Video

Fri, 06 Nov 2009 15:39:39 +0000

Nov. 6 (Bloomberg) -- Harm Bandholz, an economist at UniCredit Global Research, talks with Bloomberg's Carol Massar and Adam Johnson about data showing that the U.S. unemployment rate soared to a 26-year high of 10.2 percent in October. Payrolls fell by 190,000 workers last month, compared with a 175,000 drop anticipated by the median forecast of economists surveyed by Bloomberg News, figures from the Labor Department showed today in Washington. (Source: Bloomberg)

Video: Brynjolfsson Discusses Outlook for Fed Monetary Policy: Video

Fri, 06 Nov 2009 15:00:36 +0000

Nov. 6 (Bloomberg) -- John Brynjolfsson, chief investment officer of Armored Wolf LLC, talks with Bloomberg's Erik Schatzker and Carol Massar about the outlook for Federal Reserve monetary policy after the U.S. unemployment rate soared to a 26-year high of 10.2 percent. Brynjolfsson also discusses his recommendation of intermediate Treasury bonds and Treasury Inflation Protected Securities (TIPS). (Source: Bloomberg)

Video: Harris Calls Jobs Data `Backward Step' for U.S. Economy: Video

Fri, 06 Nov 2009 14:41:25 +0000

Nov. 6 (Bloomberg) -- Ethan Harris, head of North America economics at Bank of America Merrill Lynch, talks with Bloomberg's Carol Massar and Erik Schatzker about the economic implication of the October U.S. employment report. Payrolls fell by 190,000 workers last month, compared with a 175,000 drop anticipated by the median forecast of economists surveyed by Bloomberg News, figures from the Labor Department showed today in Washington. The jobless rate soared to a 26-year high of 10.2 percent. (Source: Bloomberg)

Video: Blodget Calls Droid a `Credible Alternative' to IPhone: Video

Fri, 06 Nov 2009 14:41:21 +0000

Nov. 6 (Bloomberg) -- Henry Blodget, chief executive officer of The Business Insider, talks with Bloomberg's Carol Massar and Erik Schatzker about the outlook for Motorola Inc.'s new Droid smart phone, which is powered by Google Inc.'s Android 2.0 operating system and uses Verizon Wireless's network. Blodget also discusses the outlook for competition between Droid and Apple Inc.'s iPhone. (Source: Bloomberg)

Video: Hatzius Says Fed Will Hold Interest Rate Through 2010: Video

Fri, 06 Nov 2009 14:03:05 +0000

Nov. 6 (Bloomberg) -- Jan Hatzius, chief U.S. economist at Goldman Sachs Group Inc., talks with Bloomberg's Deidre Bolton and Erik Schatzker about his outlook for the economy, labor market and Federal Reserve monetary policy. (Source: Bloomberg)

Video: Unemployment in U.S. Jumps to 10.2% as Payrolls Fall: Video

Fri, 06 Nov 2009 14:03:02 +0000

Nov. 6 (Bloomberg) -- The unemployment rate in the U.S. soared to a 26-year high of 10.2 percent in October and employers cut more jobs than forecast. Payrolls fell by 190,000 workers last month, compared with a 175,000 drop anticipated by the median forecast of economists surveyed by Bloomberg News, figures from the Labor Department showed today in Washington. Bloomberg's Lizzie O'Leary reports. (Source: Bloomberg)

Video: RBS's O'Donnell Sees Treasury Market in `Nervous Stasis': Video

Fri, 06 Nov 2009 13:43:50 +0000

Nov. 6 (Bloomberg) -- William O'Donnell, U.S. government bond strategist at RBS Securities Inc., talks with Bloomberg's Erik Schatzker about the outlook for the fixed-income market. O'Donnell also discusses today's jobs data and the impact on investment strategy. (Source: Bloomberg)

Video: Fannie Seeks Extra $15Bln From Emergency Treasury Fund: Video

Fri, 06 Nov 2009 13:43:47 +0000

Nov. 6 (Bloomberg) -- Fannie Mae, the mortgage buyer seized by regulators, plans to tap emergency U.S. capital for a fourth time this year, bringing its draws of taxpayer money to $60 billion as the company sees no immediate end to its losses. Bloomberg's Peter Cook reports. (Source: Bloomberg)

Video: Phelps Discusses U.S. Economy, Labor Market Outlook: Video

Fri, 06 Nov 2009 13:36:03 +0000

Nov. 6 (Bloomberg) -- Edmund Phelps, professor of economics at Columbia University and winner of the 2006 Nobel Prize in economics, talks with Bloomberg's Erik Schatzker and Deirdre Bolton about the outlook for the U.S. economy. Phelps says an economic "upturn is coming pretty quick" but that the recovery will "run out of gas" with unemployment at 6 percent to 7.5 percent. (This is an excerpt of the full interview. Source: Bloomberg)

Video: Shugg Says U.S. Jobs Weakness to Persist for Some Time: Video

Fri, 06 Nov 2009 13:16:58 +0000

Nov. 6 (Bloomberg) -- James Shugg, senior economist at Westpac Banking Corp., talks with Bloomberg's Scarlet Fu about the outlook for U.S. jobs. Economists predict October payrolls fell by 175,000 last month, the smallest drop since August 2008, according to a Bloomberg News survey. Shugg speaks from London. (Source: Bloomberg)

Video: Fannie Mae Asks for Add'l $15 Billion from Government; McDonald's Looks to Speed Drive-Thru Transactions

Fri, 06 Nov 2009 13:05:17 +0000

Nov. 6 -- Bloomberg's Jane King summarizes the day's top stories in the Bloomberg Business Report.

Video: Trabi Safari Tracks Down What's Left of the Berlin Wall: Video

Fri, 06 Nov 2009 12:46:22 +0000

Nov. 6 (Bloomberg) -- Bloomberg's Chris Burns gets behind the wheel of a Trabant, the iconic East German car, to discover what remains of the Berlin Wall, 20 years after its collapse. Rishaad Salamat also speaks. (Source: Bloomberg)

Video: Kramer Supports Obama's Policies, Financial Overhaul: Video

Fri, 06 Nov 2009 12:15:22 +0000

Nov. 6 (Bloomberg) -- Orin Kramer, general partner of the hedge fund Boston Provident Partners LP and chairman of New Jersey’s Investment Council, talks with Bloomberg's Peter Cook about the outlook for an overhaul of U.S. financial regulation, the performance of President Obama and the likely career path of New Jersey Governor Jon Corzine after he leaves office early next year. (Source: Bloomberg)

Video: Motorola's Droid Launches at Verizon, Targets IPhone: Video

Fri, 06 Nov 2009 12:15:19 +0000

Nov. 6 (Bloomberg) -- Bloomberg's Michele Steele reports on today's release of the Motorola Inc.'s Droid smart phone, which is powered by Google Inc.'s Android operating system and serviced through Verizon Wireless. (Source: Bloomberg)

Video: Hedge Fund Managers, Traders Charged in Galleon Probe: Video

Fri, 06 Nov 2009 11:56:30 +0000

Nov. 6 (Bloomberg) -- U.S. prosecutors charged 14 people, including hedge fund managers, lawyers and an ex-Galleon Group employee, for using the methods of “drug dealers” and “common criminals” to profit on insider data from deals involving firms such as 3Com Corp. and Alliance Data Systems Corp. Bloomberg's Monica Bertran reports. (Source: Bloomberg)

Video: Kraft Faces Deadline to Submit Formal Bid for Cadbury: Video

Fri, 06 Nov 2009 11:48:56 +0000

Nov. 6 (Bloomberg) -- Kraft Foods Inc., which faces a Nov. 9 deadline to come up with a fully financed proposal for Cadbury Plc, reportedly plans to submit a formal bid for U.K. chocolate maker this weekend. Last month, some analysts said Cadbury could sell for as much as 850 pence per share, more than 20 percent above Kraft’s unsolicited offer. Bloomberg's Jennifer Joan Lee reports. (Source: Bloomberg)

Video: Kia Aims U.S. Sales Growth; Citi to Relaunch Hedge Fund: Video

Fri, 06 Nov 2009 11:33:37 +0000

Nov. 6 (Bloomberg) -- Bloomberg's Scarlet Fu reports on the latest breaking business news and top stories in today's Business Briefs. (Source: Bloomberg)

Video: Nelson Says NetSuite Customers Starting to Spend Again: Video

Fri, 06 Nov 2009 00:40:02 +0000

Nov. 5 (Bloomberg) -- Zach Nelson, chief executive officer of NetSuite Inc., talks with Bloomberg's Pimm Fox about the outlook for company growth. Nelson also discusses cloud computing, which lets companies store and access data over the Internet. (Source: Bloomberg)

Video: Rohatyn Sees Allstate Muni Sale as Sign of `Big Problem': Video

Fri, 06 Nov 2009 00:33:28 +0000

Nov. 5 (Bloomberg) -- Felix Rohatyn, president of Rohatyn Associates, talks with Bloomberg's Pimm Fox about Allstate Corp.'s decision to reduce its municipal bond holdings and prospects for the U.S. dollar. He also discusses state finances and the economy. Allstate, the largest publicly traded U.S. home and auto insurer, is paring its municipal-bond holdings because state and local governments are “not in great shape,” Chief Executive Officer Thomas Wilson said. (Source: Bloomberg)

Video: Burninson Sees Boards More Involved in Executive Pay: Video

Thu, 05 Nov 2009 23:49:30 +0000

Nov. 5 (Bloomberg) -- Gary Burnison, chief executive officer of Korn/Ferry International, talks with Bloomberg's Pimm Fox about executive compensation. Burnison also discusses the role of boards of directors in determining pay and bonus clawbacks. (Source: Bloomberg)

Video: U.S. Stocks Surge on Jobless Claims Data, Cisco Sales: Video

Thu, 05 Nov 2009 23:49:26 +0000

Nov. 5 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks surged, sending the Dow Jones Industrial Average to its biggest gain since July, as jobless claims and worker productivity beat estimates and Cisco Systems Inc. said an improving economy spurred a rebound in sales. The dollar advanced, triggering declines in commodities. (Source: Bloomberg)

Video: Herrmann Expects `Bigger Jump' in U.S. Unemployment Rate: Video

Thu, 05 Nov 2009 22:44:37 +0000

Nov. 5 (Bloomberg) -- John Herrmann, president of Herrmann Forecasting, and Ronald Blackwell, chief economist at the AFL-CIO labor union talk with Bloomberg's Carol Massar and Matt Miller about the outlook for the U.S. labor market. (Source: Bloomberg)

Video: JPMorgan's Lee Says Payroll Growth Key for U.S. Recovery: Video

Thu, 05 Nov 2009 22:41:35 +0000

Nov. 5 (Bloomberg) -- Thomas Lee, chief U.S. equity strategist at JPMorgan Chase & Co., talks with Bloomberg's Carol Massar and Matt Miller about the outlook for U.S. economic recovery. Lee also discusses unemployment and the October jobs report. (Source: Bloomberg)

Video: Perkins Sees Few `Discretionary Dollars' for Teen Retail: Video

Thu, 05 Nov 2009 22:41:31 +0000

Nov. 5 (Bloomberg) -- Ken Perkins, president of research firm Retail Metrics, talks with Bloomberg's Julie Hyman and Mark Crumpton about sales at U.S. teen retailers and other stores. Aeropostale Inc., American Eagle Outfitters Inc. and Limited Brands Inc. reported October sales that missed analysts’ estimates before the start of the holiday shopping season. (Source: Bloomberg)

Video: Potrock Discusses Disney-ESPN Sports Complex Partnership: Video

Thu, 05 Nov 2009 21:49:14 +0000

Nov. 5 (Bloomberg) -- Kenneth Potrock, senior vice president at Walt Disney Co.'s Disney Sports Enterprises, talks with Bloomberg's Julie Hyman about Disney's plans to broadcast events from its sports complex in Florida on ESPN's networks. (Source: Bloomberg)

Video: Razzano Expects More Arrests on Galleon Insider Trading: Video

Thu, 05 Nov 2009 21:36:28 +0000

Nov. 5 (Bloomberg) -- Frank Razzano, a partner at Pepper Hamilton LLC, talks with Bloomberg's Matt Miller and Carol Massar about charges against 14 people in an alleged insider trading scheme tied to Galleon Group. Zvi Goffer, a former Galleon employee, and Craig Drimal, who worked at the Manhattan firm's offices, were arrested today, the FBI said. Goffer, the alleged ringleader of the scheme and founder of Incremental Capital LLC, paid his tipsters for information on mergers and acquisitions, and gave them pre-paid mobile phones to avoid detection, the government said. (Source: Bloomberg)

Video: Tecce Expects More Antitrust Cases Brought Against Intel: Video

Thu, 05 Nov 2009 20:43:21 +0000

Nov. 5 (Bloomberg) -- Former assistant U.S. attorney Fred Tecce talks with Bloomberg's Julie Hyman about the case brought against Intel Corp. by New York Attorney General Andrew Cuomo. Intel was accused by Cuome of threatening computer manufacturers and making billions of dollars in illegal payments to pressure them to use its chips. (This report is an excerpt of the full interview. Source: Bloomberg)