Bloomberg

Video: Carret Zane's Betz Discusses Berkshire-Burlington Deal: Video

Wed, 04 Nov 2009 00:33:31 +0000

Nov. 3 (Bloomberg) -- Frank Betz, a partner at Carret Zane Capital Management LLC, talks with Bloomberg Television about Warren Buffett’s Berkshire Hathaway Inc.'s agreement to buy railroad Burlington Northern Santa Fe Corp. for $26 billion or $100 a share in cash and stock. (This report is an excerpt. Source: Bloomberg)

Video: John Lynch Sees October U.S, Job Losses at 200,000: Video

Wed, 04 Nov 2009 00:18:18 +0000

Nov. 3 (Bloomberg) -- John Lynch, chief market strategist at Evergreen Investments LLC, talks with Bloomberg's Matt Miller and Carol Massar about the outlook for U.S. stocks and the October U.S. employment report. George Tkaczuk of RMB Group also speaks. (Source: Bloomberg)

Video: Froehlich Doubts Fed Rate Hike Before November 2010 Vote: Video

Wed, 04 Nov 2009 00:09:11 +0000

Nov. 3 (Bloomberg) -- Robert Froehlich, senior managing director at Hartford Financial Services, talks with Bloomberg's Pimm Fox about the outlook for Federal Reserve monetary policy.¶ Froehlich also discusses Warren Buffett's Berkshire Hathaway Inc.'s agreement to buy railroad Burlington Northern Santa Fe Corp. (Source: Bloomberg)

Video: Newport Value's Ortel Discusses U.S. Economy, Berkshire: Video

Wed, 04 Nov 2009 00:03:08 +0000

Nov. 3 (Bloomberg) -- Charles Ortel, managing director of Newport Value Partners, talks with Bloomberg Television about the U.S. economy and Berkshire Hathaway Inc.’s plan to purchase Burlington Northern Santa Fe Corp. (Source: Bloomberg)

Video: Hartford's Froehlich Says Fed Won't Raise Rates in 2010: Video

Tue, 03 Nov 2009 23:50:53 +0000

Nov. 3 (Bloomberg) -- Robert Froehlich, senior managing director at Hartford Financial Services, talks with Bloomberg's Pimm Fox about the outlook for Federal Reserve monetary policy. Froehlich also discusses Warren Buffet's Berkshire Hathaway Inc.'s agreement to buy railroad Burlington Northern Santa Fe Corp. (Source: Bloomberg)

Video: Debes Says Lawson's `Next Step' is 20% Operating Margin: Video

Tue, 03 Nov 2009 23:35:38 +0000

Nov. 3 (Bloomberg) -- Harry Debes, chief executive officer of Lawson Software Inc., talks with Bloomberg's Pimm Fox about his company's growth strategy. Lawson Software will host a financial analyst day tomorrow at 10:30 a.m. (Source: Bloomberg)

Video: Scaramucci Says Fed Policy Driving Rise in U.S. Stocks: Video

Tue, 03 Nov 2009 23:26:26 +0000

Nov. 3 (Bloomberg) -- Anthony Scaramucci, managing partner at Skybride Capital LLC, talks with Bloomberg's Pimm Fox about the performance of U.S. stocks. Scaramucci also discusses Warren Buffett's Berkshire Hathaway Inc.'s agreement to buy railroad Burlington Northern Santa Fe Corp. and Federal Reserve monetary policy. (Source: Bloomberg)

Video: Most U.S. Stocks Rise as M&A Spurs Rally in Industrials: Video

Tue, 03 Nov 2009 22:55:46 +0000

Nov. 3 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. Most stocks rose after Warren Buffett agreed to buy Burlington Northern Santa Fe Corp. and Stanley Works said it will take over Black & Decker Corp., while technology shares fell on an analyst downgrade of chipmakers. (Source: Bloomberg)

Video: Snow Says Medco May Use Cash to Make Acquisitions: Video

Tue, 03 Nov 2009 22:55:43 +0000

Nov. 3 (Bloomberg) -- David Snow, chief executive officer of Medco Health Solutions Inc., talks with Bloomberg's Matt Miller and Carol Massar about the company's acquisition strategy. Medco, the largest U.S. pharmacy benefits manager, said third-quarter earnings rose 13 percent with the help of new clients and increased prescriptions for generic drugs. The company had a cash balance of $2.02 billion. (Source: Bloomberg)

Video: Docherty Says October Sales Show GM Is `Making Progress': Video

Tue, 03 Nov 2009 22:37:08 +0000

Nov. 3 (Bloomberg) -- Susan Docherty, vice president of U.S. sales at General Motors Co., talks with Bloomberg's Carol Massar and Matt Miller about the automaker's October sales. GM's vehicle sales climbed 4.1 percent from a year earlier, the first monthly gain since January 2008. (Source: Bloomberg)

Video: UN's Treki Says Palestinian Economy Depends on Peace: Video

Tue, 03 Nov 2009 22:09:23 +0000

Nov. 2 (Bloomberg) -- Ali Treki, president of the United Nations General Assembly, talks with Bloomberg's Mark Crumpton and Lori Rothman about the outlook for the Palestinian economy. Treki also discusses U.S. Secretary of State Hillary Clinton's trip to the Middle East and Israeli Prime Minister Benjamin Netanyahu. (Source: Bloomberg)

Video: Delphi's Black Recommends Aeropostale, China's Zhongpin: Video

Tue, 03 Nov 2009 21:22:05 +0000

Nov. 3 (Bloomberg) -- Scott Black, president of Delphi Management Inc., talks with Bloomberg's Carol Massar and Matt Miller about his investment strategy. Black also discusses the U.S. labor market and economy. (Source: Bloomberg)

Video: Brusuelas Doubts Fed Rate Increases Until Late 2010: Video

Tue, 03 Nov 2009 20:05:23 +0000

Nov. 3 (Bloomberg) -- Joseph Brusuelas, a director at Moody's Economy.com, talks with Bloomberg's Julie Hyman and Mark Crumpton about the outlook for Federal Reserve monetary policy. Brusuelas also discusses the performance of Treasuries, Fed independence and the outlook for the U.S. economy. (Source: Bloomberg)

Video: Citigroup's Rhodes Urges G-20 to Make `Plan for Growth': Video

Tue, 03 Nov 2009 19:53:14 +0000

Nov. 3 (Bloomberg) -- William Rhodes, senior vice chairman of Citigroup Inc., talks with Bloomberg's Kathleen Hays about the outlook for the U.S. economy. Rhodes also discusses his expectations for the commercial real estate market and global trade policy. (Source: Bloomberg)

Video: Bergman Says Burlington Makes Sense in Buffett Portfolio: Video

Tue, 03 Nov 2009 19:41:10 +0000

Nov. 3 (Bloomberg) -- Bill Bergman, an analyst at Morningstar Inc., talks with Bloomberg's Lori Rothman about Warren Buffett's Berkshire Hathaway Inc.'s agreement to buy Burlington Northern Santa Fe Corp. The purchase of the railroad, the largest ever for Berkshire, will cost the company $26 billion, or $100 a share in cash and stock. (Source: Bloomberg)

Video: Matthews Says Berkshire Betting on Economy, Rail Growth: Video

Tue, 03 Nov 2009 19:10:38 +0000

Nov. 3 (Bloomberg) -- Jeffrey Matthews, founder of hedge fund Ram Partners LP and author of "Pilgrimage to Warren Buffett's Omaha," talks with Bloomberg's Margaret Brennan about Berkshire Hathaway Inc.'s agreement to buy railroad Burlington Northern Santa Fe Corp. for $26 billion, or $100 a share in cash and stock. Berkshire already owns a 22.6 percent stake in the railroad. (Source: Bloomberg)

Video: Fetter Says Cost Control Boosted Tenet in Third Quarter: Video

Tue, 03 Nov 2009 18:55:19 +0000

Nov. 3 (Bloomberg) -- Trevor Fetter, chief executive officer of Tenet Healthcare Corp., talks with Bloomberg's Lori Rothman and Mark Crumpton about Tenet's third-quarter earnings reported today. Tenet had an adjusted profit of 3 cents a share, beating the average analyst estimate of a loss of 2 cents a share. Fetter also discusses the company's bad-debt expense and the government's health-care overhaul plans. (Source: Bloomberg)

Video: Edmunds.com's Krebs Sees Further `Strong' Sales at Ford: Video

Tue, 03 Nov 2009 18:36:55 +0000

Nov. 3 (Bloomberg) -- Michelle Krebs, a senior analyst at Edmunds.com, talks with Bloomberg's Mark Crumpton and Lori Rothman about Ford Motor Co.'s October sales. Ford says vehicle sales rose 3.1 percent from a year earlier, for the third gain in the past four months. (Source: Bloomberg)

Video: Betz Says Berkshire-Burlington Positive Sign for Economy: Video

Tue, 03 Nov 2009 17:54:15 +0000

Nov. 3 (Bloomberg) -- Frank Betz, a partner at Carret Zane Capital Management LLC, talks with Bloomberg's Margaret Brennan about Warren Buffett’s Berkshire Hathaway Inc.'s agreement to buy railroad Burlington Northern Santa Fe Corp. for $26 billion, or $100 a share in cash and stock. Berkshire already owns a 22.6 percent stake in the railroad. (Source: Bloomberg)

Video: Russo Discusses Berkshire's Burlington Acquisition: Video

Tue, 03 Nov 2009 17:48:05 +0000

Nov. 3 (Bloomberg) -- Thomas Russo, a partner at Gardner Russo & Gardner, talks with Bloomberg's Erik Schatzker about Berkshire Hathaway Inc.'s agreement to buy Burlington Northern Santa Fe Corp. The purchase, the largest ever for Warren Buffett's Berkshire, will cost the company $26 billion, or $100 a share in cash and stock, for the 77.4 percent of the railroad it doesn't already own. (This is an excerpt of the full interview. Source: Bloomberg)

Video: Analyst Brendler Discusses MasterCard, Visa Outlook: Video

Tue, 03 Nov 2009 17:41:58 +0000

Nov. 3 (Bloomberg) -- Christopher Brendler, an analyst at Stifel Nicolaus & Co., comments on the outlook for MasterCard Inc. and Visa Inc. MasterCard, the world's second-biggest payments network, posted a third-quarter net income of $452.2 million, or $3.45 a diluted share, compared with a year-earlier loss of $193.6 million, or $1.48, that stemmed from the settlement of an antitrust lawsuit. (This is an excerpt of the full interview. Source: Bloomberg)

Video: Pearce Sees Rise of Corporate Governance in Middle East: Video

Tue, 03 Nov 2009 17:41:55 +0000

Nov. 3 (Bloomberg) -- Stuart Pearce, chief executive officer and director of the Qatar Financial Centre Authority, talks with Bloomberg's Margaret Brennan about increased corporate-governance awareness in the Middle East. Pearce also discusses the appeal of investing in Qatar. (Source: Bloomberg)

Video: Jindel Discusses Berkshire's Bid for Rest of Burlington: Video

Tue, 03 Nov 2009 16:27:44 +0000

Nov. 3 (Bloomberg) -- Satish Jindel, president of SJ Consulting Group, discusses Berkshire Hathaway Inc.'s bid to acquire the 77.4 percent of Burlington Northern Santa Fe Corp. that it doesn't already own. The acquisition by Warren Buffett's Berkshire, the biggest in the company’s history, is valued at about $44 billion, including $10 billion in outstanding debt. (This is an excerpt of the full interview. Source: Bloomberg)

Video: Jindel Discusses Berkshire's Bid for Rest of Burlington: Video

Tue, 03 Nov 2009 15:44:51 +0000

Video: Rose Calls Berkshire's Offer for Burlington `Fair Deal': Video

Tue, 03 Nov 2009 14:49:41 +0000

Nov. 3 (Bloomberg) -- Matt Rose, chief executive officer of Burlington Northern Santa Fe Corp., talks with Bloomberg's Erik Schatzker and Francine Lacqua about Warren Buffett's Berkshire Hathaway Inc.'s decision to buy the 77.4 percent of the railroad it doesn't already own for $100 a share or about $44 billion, including $10 billion in outstanding debt. (Source: Bloomberg)

Video: Charles Ortel Discusses Berkshire's Burlington Takeover: Video

Tue, 03 Nov 2009 14:31:07 +0000

Nov. 3 (Bloomberg) -- Charles Ortel, managing director of Newport Value Partners, discusses Berkshire Hathaway Inc.’s purchase of Burlington Northern Santa Fe Corp. The takeover by Warren Buffett's Berkshire, the biggest in the company’s history, values the transaction at about $44 billion, including $10 billion in outstanding debt. (This is an excerpt of the full interview. Source: Bloomberg)

Video: Helfstein Says `Paranormal' Could Boost Viacom Profit 4%: Video

Tue, 03 Nov 2009 14:15:50 +0000

Nov. 3 (Bloomberg) -- Jason Helfstein, a media analyst at Oppenheimer & Co., talks with Bloomberg's Erik Schatzker, Jon Erlichman and Deirdre Bolton about Viacom Inc.'s third-quarter profit reported today. The owner of MTV Networks and the Paramount Pictures film studio said net income rose 15 percent to $463 million, or 76 cents a share, beating analysts' estimates. (Source: Bloomberg)

Video: Miami, Seattle, San Francisco May See Home-Price Growth: Video

Tue, 03 Nov 2009 14:06:36 +0000

Nov. 3 (Bloomberg) -- U.S. home prices in the last four years have been the most volatile on record, swinging from a gain of 12 percent in 2005 to an estimated 13 percent loss this year, according to the National Association of Realtors. But in some cities the situation could be improving. Bloomberg's Monica Bertran reports. (Source: Bloomberg)

Video: Stanley to Buy Black & Decker; Best Buy to Start Online Store for Movies and TV Shows

Tue, 03 Nov 2009 13:11:40 +0000

Nov. 3 -- Bloomberg's Jane King summarizes the day's top stories on the Bloomberg Business Report.

Video: Locke Was ‘Imprecise’ in Comments on Second Stimulus: Video

Tue, 03 Nov 2009 12:53:15 +0000

Nov. 3 (Bloomberg) -- U.S. Commerce Secretary Gary Locke was “imprecise” when he said President Barack Obama’s advisers are considering a second stimulus measure, his spokesman said. Locke made the comments during an interview with Bloomberg Television yesterday. Bloomberg's Scarlet Fu reports. (Source: Bloomberg)

Video: New Jersey, Virginia Governor Races Seen as Key Contests: Video

Tue, 03 Nov 2009 12:44:04 +0000

Nov. 3 (Bloomberg) -- Governor’s races today in Virginia and New Jersey have been anticipated as barometers of next year’s midterm congressional elections. A U.S. House race in upstate New York may prove more meaningful. Bloomberg's Scarlet Fu reports. (Source: Bloomberg)

Video: Katzenberg `Optimistic' for DreamWorks on 3-D Innovation: Video

Tue, 03 Nov 2009 12:37:55 +0000

Nov. 3 (Bloomberg) -- Jeffrey Katzenberg, chief executive officer of DreamWorks Animation SKG Inc., talks with Bloomberg's Cris Valerio about the outlook for the movie industry. Katzenberg sees a very "bumpy" road ahead for the movie industry but remains "optimistic" for DreamWorks due to its 3-D innovation. Bloomberg's Erik Schatzker also speaks. (This report is an excerpt of the full interview. Source: Bloomberg)

Video: EU Raises 2010 Euro-Zone GDP Forecast as Deficits Rise: Video

Tue, 03 Nov 2009 12:31:43 +0000

Nov. 3 (Bloomberg) -- Bloomberg's David Tweed reports on the European Commission's release of its semi-annual economic forecasts and its outlook for the 16 countries sharing the euro. (Source: Bloomberg)

Video: Humana’s Profit Criticized; Best Buy Vies With ITunes: Video

Tue, 03 Nov 2009 12:04:00 +0000

Nov. 2 (Bloomberg) -- Bloomberg's Scarlet Fu reports on the latest breaking business news and top stories in today's Business Briefs. (Source: Bloomberg)

Video: Dolan Expects a Dollar Rebound Into End of 2009: Video

Tue, 03 Nov 2009 01:12:22 +0000

Nov. 3 (Bloomberg) -- Brian Dolan, chief currency strategist at Gain Capital's Forex.com, talks with Bloomberg's Bernard Lo about the outlook for the U.S. dollar. He also discusses Federal Reserve monetary policy and the economy. (Source: Bloomberg)

Video: Locke Says Obama's Advisers Considering Second Stimulus: Video

Mon, 02 Nov 2009 23:40:12 +0000

Nov. 2 (Bloomberg) -- U.S. Commerce Secretary Gary Locke talks with Bloomberg's Pimm Fox about the possibility of a second economic stimulus package. Locke said President Barack Obama’s advisers are “seriously” considering proposing a second stimulus measure to boost the economy. He added that another stimulus would be “very targeted and specific and we need to be mindful of the deficit as well.” Locke also discusses the 2010 "Census in Schools" program. (Source: Bloomberg)

Video: Watkins Says Benlysta Could Be Available by End of 2010: Video

Mon, 02 Nov 2009 23:37:04 +0000

Nov. 2 (Bloomberg) -- Thomas Watkins, chief executive officer of Human Genome Sciences Inc., talks with Bloomberg's Carol Massar and Matt Miller about the outlook for U.S. regulators' approval of the company's experimental lupus drug Benlysta. Human Genome, based in Rockville, Maryland, said Benlysta worked in a higher dose to reduce symptoms in a study. The company also said it will seek permission to sell the drug, marketed with London-based GlaxoSmithKline Plc, in the first half of next year. (Source: Bloomberg)

Video: AMB's Moghadam Sees Industrial Property Demand Rising: Video

Mon, 02 Nov 2009 23:21:54 +0000

Nov. 2 (Bloomberg) -- Hamid Moghadam, chief executive officer of AMB Property Corp., talks with Bloomberg's Pimm Fox about the outlook for the industrial property market. Moghadam also discusses AMB's strategy, leases and capital raising by real estate investment trusts. (Source: Bloomberg)

Video: Federated's Tice Discusses U.S. Stock Market Outlook: Video

Mon, 02 Nov 2009 22:51:11 +0000

Nov. 2 (Bloomberg) -- David Tice, chief portfolio strategist for bear markets at Federated Investors Inc., talks with Bloomberg Television about the outlook for the S&P 500 Index. (This report is an excerpt. Source: Bloomberg)

Video: Bobrinskoy Says Banks Holding Cash to Make Acquisitions: Video

Mon, 02 Nov 2009 22:51:07 +0000

Nov. 2 (Bloomberg) -- Charles Bobrinskoy, director of research at Ariel Investments, and Dan Alpert, managing director at Westwood Capital LLC, talk with Bloomberg's Matt Miller and Carol Massar about cash holdings by U.S. banks. Citigroup Inc. has almost doubled its cash to $244.2 billion in the year since Lehman Brothers Holdings Inc. filed for bankruptcy, the biggest such stockpile of any U.S. bank. (Source: Bloomberg)

Video: U.S. Stocks Rise on Ford Profit and Economic Data: Video

Mon, 02 Nov 2009 22:32:39 +0000

Nov. 2 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks rose, with the Standard & Poor’s 500 Index rebounding from its biggest weekly drop since May, as Ford Motor Co.’s profit and gauges of manufacturing, home sales and construction spending topped projections. (Source: Bloomberg)

Video: Charles Expects U.S. Taxpayer Losses on CIT Bankruptcy: Video

Mon, 02 Nov 2009 22:01:52 +0000

Nov. 2 (Bloomberg) -- Brian Charles, an analyst at RW Pressprich & Co., talks with Bloomberg's Matt Miller and Carol Massar about CIT Group Inc.'s bankruptcy filing. CIT failed to win a second government bailout in July or persuade bondholders to swap $30 billion in debt to prevent a bankruptcy filing this month. The New York-based lender posted more than $5 billion in losses in the last nine quarters. The filing is the fifth-largest U.S. bankruptcy by assets. (Source: Bloomberg)

Video: Greenhaus Says Executive Pay Rules May Hurt U.S. Banks: Video

Mon, 02 Nov 2009 21:15:40 +0000

Nov. 2 (Bloomberg) -- Dan Greenhaus, chief economic strategist at Miller Tabak & Co., talks with Bloomberg's Carol Massar and Matt Miller about regulation of executive compensation at financial firms. Greenhaus also discusses President Obama's statment that the U.S. economy has pulled "back from the brink" and the government must now "get serious" about reducing debt. (Source: Bloomberg)

Video: UN's Treki Says Palestinian Economy Depends on Peace: Video

Mon, 02 Nov 2009 21:12:34 +0000

Video: Aviva's Abberley Discusses `Sustainable' Stock Exchanges: Video

Mon, 02 Nov 2009 20:35:32 +0000

Nov. 2 (Bloomberg) -- Paul Abberley, chief executive officer of Aviva Investors, talks with Bloomberg's Julie Hyman and Mark Crumpton about "sustainable" stock exchanges. (Source: Bloomberg)

Video: Goolsebee Says U.S. Needs Growth Through Innovation: Video

Mon, 02 Nov 2009 20:26:17 +0000

Nov. 2 (Bloomberg) -- Austan Goolsbee, a senior White House economic adviser, talks with Bloomberg's Julie Hyman and Mark Crumpton about the administration's strategy to promote U.S. economic growth. President Barack Obama, addressing a panel of business, labor leaders and economists, said it will require “bold, innovative action” on the part of the government and private industry to bring the unemployment rate down and lay the foundation for future growth. (Source: Bloomberg)

Video: Egan Says CIT Bankrupcty Filing May Help Bondholders: Video

Mon, 02 Nov 2009 19:52:36 +0000

Nov. 2 (Bloomberg) -- Sean Egan, president Egan-Jones Ratings Co., talks with Bloomberg's Lori Rothman about the outlook for holders of CIT Group Inc.'s bonds. The 101-year-old lender filed for bankruptcy in an effort to cut $10 billion in debt following a failed debt exchange and U.S. taxpayer bailout. (Source: Bloomberg)

Video: Branthover Worried Non-Tarp Firms Will Woo Top Talent: Video

Mon, 02 Nov 2009 19:40:08 +0000

Nov. 2 (Bloomberg) -- Jeanne Branthover, managing director at Boyden Global Executive Search Ltd., talks with Bloomberg's Lori Rothman about the outlook for executive jobs in the financial industry. Branthover also discusses Ken Feinberg's rulings on executive pay. (Source: Bloomberg)

Video: Ford's Mulally Discusses Profit Outlook and Economy: Video

Mon, 02 Nov 2009 19:27:51 +0000

Nov. 2 (Bloomberg) -- Ford Motor Co. Chief Executive Officer Alan Mulally talks with Bloomberg's Greg Miles about the company's outlook for sustained profitability and the U.S. economy. Ford, the only major U.S. automaker to avoid bankruptcy, posted third-quarter net income of $997 million and its first operating profit since early 2008 on smaller discounts and higher sales. Bloomberg's Lori Rothman also speaks. (This report is an excerpt of the full interview. Source: Bloomberg)

Video: 2020's Lu Sees Opportunties in China on Domestic Growth: Video

Mon, 02 Nov 2009 18:38:27 +0000

Nov. 2 (Bloomberg) -- George Lu, chairman of 2020 Limited and a special adviser to the chairman of Exceed Company Ltd., talks with Bloomberg’s Margaret Brennan about consumer demand in China. Lu also discusses opportunities for overseas companies in China and 2020's acquisition of U.S. consumer brands. (Source: Bloomberg)