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Linda Yueh

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Most Talked About Bloomberg News Stories

Vodafone Sweeps All Spare Cash Out of Greece Into U.K. ‘Every Evening’

bloomberg.com — Vodafone Group Plc (VOD) is moving cash from Greece into the U.K. "every evening," mirroring efforts by others companies such as GlaxoSmithKline Plc (SAN) and WPP Plc (WPP) to hedge against the European debt crisis. Vodafone, the world's biggest mobile-phone company, is also looking at billing in a different currency "if the situation arises," Chief Financial Officer Andy Halford said on a conference call today.
V telling. RT @chakrabortty: Every night, Vodafone takes all spare cash out of Greece . http://t.co/DUAW8JQ4 (h/t @olafstorbeck)
When feet vote: Every night, Vodafone takes all spare cash out of Greece and stows it in Britain. http://t.co/GWIa7wpt (h/t @olafstorbeck)
#Vodafone is latest giant company to say it sweeps money out of some #euro banks every day http://t.co/TKBLTbpf
RT @simonthiel Vodafone Sweeps All Spare Cash Out of Greece Into U.K. ‘Every Evening’: http://t.co/icwHJZu8
Show 2 more tweets from Joseph Cotterill, Linda Yueh

Obama’s Changing His Tune for 2012 Campaign’s Mood Music

bloomberg.com — When President Barack Obama crooned the first line of Al Green's "Let's Stay Together" at a fundraiser last month, it turned out to be the prelude for the new soundtrack of his re-election campaign. The 1971 hit by Green, who performed at the Jan.
Fun story by my colleagues: Obama’s Changing His Tune With Mood Music for 2012 Re-Election Campaign: http://t.co/cATNIDMN #2012
“You gotta crash and burn, you gotta make some stances and take some chances.” RT @jamesgibney: Obama's 2012 playlist http://t.co/4jp18qqf
RT @katebrower: Obama’s Changing His Tune for 2012 Campaign’s Mood Music - Bloomberg http://t.co/h5jq43lE via @BloombergNews
Show 1 more tweet from Kate Andersen Brower

Obama Job Approval Hits Highest Level Since June in Gallup Poll

bloomberg.com — President Barack Obama's job approval climbed to its highest level since June following a series of reports showing that the economy is strengthening and employment prospects for Americans are improving. Gallup Inc.'s daily tracking poll results released today show Obama's job approval at 49 percent in polling conducted from Feb.
RT @simonowens: " Applications for jobless benefits decreased by 15,000 in the week ended Feb. 4 to 358,000." http://t.co/uUBAHIBN
#Obama Gallup Job Approval Hits High Since June as Economic Picture Brightens http://t.co/wseWCRUt #2012

Conservatives Rally Around Rising Santorum in Republican Contest

bloomberg.com — The Republican Party's socially conservative base, conflicted for months over which presidential candidate to back, is increasingly coalescing behind Rick Santorum in a shift that some observers say may energize his bid and slow Mitt Romney's momentum toward the nomination. Santorum, a former Pennsylvania senator, collected no delegates when he swept a trio of Republican contests Feb.

Buffett: Bonds Among Most Dangerous Assets on Inflation Risk

bloomberg.com — Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said low interest rates and inflation should dissuade investors from buying bonds and other holdings tied to currencies. "They are among the most dangerous of assets," Buffett said in an adaptation of his annual letter to shareholders that appeared today on Fortune magazine's website.

Dems to Propose Cuts in Some Jobless Benefits

bloomberg.com — Congressional Democrats offered a proposal to Republicans that would reduce maximum U.S. unemployment benefits by six weeks, according to a Democratic aide. The plan would end unemployment benefits after 93 weeks instead of the 99 weeks now available in states with the nation's highest jobless rates, said the aide, who spoke on condition of anonymity.
Congressional Democrats talking cuts in jobless benefits, though modest vs. what GOP wants. http://t.co/bFXrcReb

Prime Minister Enda Kenny on Ireland’s Recovery

bloomberg.com — Bloomberg’s Margaret Brennan talks with Irish Prime Minister Enda Kenny. (Source: Bloomberg)

Santorum Shakes Up Race With 3 State Sweep

bloomberg.com — Foster Friess, fund manager and founder of Friess Associates Inc., talks about his support of former Pennsylvania Senator Rick Santorum to become the Republican presidential nominee. He speaks on Bloomberg Television's
Who is Rick Santorum's OTHER $1 million donor? Gave it to Red White and Blue Fund... http://t.co/W164vrjk
Friess: "I love the fact that Sheldon put in about $10 mill with Gingrich and I put in a lot less with Rick" http://t.co/hZSSNUrb

Romney’s Returns Refute His Tax Argument: David M. Abromowitz

bloomberg.com — For all the attention devoted to Mitt Romney's tax returns last month, one element went largely unnoticed: They directly refute the Republican candidate's argument that higher tax rates deter capital investment. Simply put, all of the investments made by Bain Capital LLC, the private-equity company Romney cofounded in 1984 and ran until 1999, occurred when capital-gains rates were much higher than they are today.
Smart Bloomberg piece argues Romney's tax returns undercut his argument that higher cap gains rates deter investment. http://t.co/ROucTKNj
Brilliant and important piece: Romney's tax returns undermine GOP argument for lowering capital-gains tax rates. Read! http://t.co/UaGUtX32

Pepsi Will Cut 8,700 Jobs, Spend More on Marketing

bloomberg.com — PepsiCo Inc.’s Chief Executive Officer Indra Nooyi says there are no plans to split up the company. (Source: Bloomberg)

Obama Speeds Up Visas For Chinese Shoppers

bloomberg.com — For the past decade, Michael Gould says he's watched with envy as a "stupefying" number of Chinese tourists lined up outside the doors of high-end boutiques in Paris, Rome, and other European cities. "We find it frustrating to see business going elsewhere," says the chief executive officer of Macy's Inc.
If only they could have saved White Flint. RT @ylanmui Will Chinese shoppers save economy or at least Bloomingdale's? http://t.co/PUoNOYCc
Will Chinese shoppers save the economy, or at least Bloomingdale's? http://t.co/9vDfgUOf
Obama Speeds Up Visas For Chinese Shoppers http://t.co/I5Zsvxp7 via @BloombergNews Average Chinese tourist spends $6,000 while in the U.S.

Romney’s Returns Refute His Tax Argument: David M. Abromowitz

bloomberg.com — For all the attention devoted to Mitt Romney's tax returns last month, one element went largely unnoticed: They directly refute the Republican candidate's argument that higher tax rates deter capital investment. Simply put, all of the investments made by Bain Capital LLC, the private-equity company Romney cofounded in 1984 and ran until 1999, occurred when capital-gains rates were much higher than they are today.
Higher cap gains taxes don't hurt investing. Bain investors poured in the bucks in years when taxes were much higher http://t.co/CuTF61N6
Romney’s Returns Refute His Tax Argument: David M. Abromowitz - Bloomberg http://t.co/37NPn2RI via @BloombergView

Romney Still Best Equipped in Primary Even After Three Losses

bloomberg.com — Mitt Romney's trifecta of losses this week to Rick Santorum exposes lingering questions about his campaign strategy, his appeal to the Republican conservative base and his changing positions on such issues as abortion rights and immigration. That doesn't mean he won't win his party's presidential nomination.

State-by-State Decisions on Gay Marriage Produce Patchwork Quilt of Rights

bloomberg.com — The patchwork quilt of U.S. state laws on same-sex marriage, which Washington is now poised to legalize, leaves gay and lesbian Americans with different rights depending on geography. To opponents, that's just the way things work in a union of self-governing states.
latest: State-by-State Decisions on Gay Marriage Produce Patchwork Quilt of Rights: http://t.co/Rn7weP5E #ssm #lgbt

Google Plans First Retail Store at Dublin HQ

bloomberg.com — Google Inc. (GOOG) plans its first stand- alone retail store at its European headquarters in Dublin after a trial at a computer shop in London, according to a filing by the world's most popular search engine. The Google Store would be open to the public and sell unspecified Google merchandise, Google's Irish unit said in a local planning application.

Stimulating Brain’s ‘Golden Gate’ With Electrodes Enhances Memory in Study

bloomberg.com — Stimulating the brain with an electrical current can improve memory, according to a study that suggests a novel approach to treating Alzheimer's disease and dementia. Researchers at the University of California, Los Angeles studied seven volunteers with epilepsy who already had electrodes implanted in their brains to detect seizures, and found that memory improved when the electrodes were turned on during tasks.
+1 RT @abettel: Stimulating the brain with electric current enhances memory, study shows. Plug me in. http://t.co/2bogExCi @FayCortez
Stimulating Brain With Electrodes Enhances Memory in Study. A zap a day keeps the Alzheimer's away? See @faycortez at http://t.co/qST7J1RI

Apple Thriving in Spain Amid Austerity

bloomberg.com — As Spain enters its second recession in as many years, Apple Inc. (AAPL) is flourishing. Renovation on a 19th-century, seven-floor building with more than 6,000 square meters (64,600 square feet) of floor space on Madrid's central Puerta del Sol square is under way to house Apple's new Spanish flagship store, according to the city mayor's office.
"The Apple evangelists will buy these products, with or without an economic crisis" http://t.co/5Ai6mJnR

King May Add to Gilt Stash in Insurance Gambit

bloomberg.com — Bank of England Governor Mervyn King may pump another 50 billion pounds ($79 billion) into the U.K. economy today as he ramps up protection for a nascent recovery from the threat posed by Europe's debt crisis.
BOE decision coming at noon. Bloomberg survey shows 34 forecast £50b increase to QE, 15 going for £75b, one no change http://t.co/DBTjwBWI

Microsoft to Hand Out ARM Chip Test Machines in Windows 8 Push

bloomberg.com — Microsoft Corp. (MSFT) will begin handing out test versions of Windows 8 computers running chips with ARM Holdings Plc (ARM)'s technology, part of its push to release devices that can compete with Apple Inc. (AAPL)'s iPad tablet. Microsoft wants ARM-based devices to go on sale at the same time as computers sporting chips from Intel Corp.
Microsoft to Hand Out ARM Chip Test Machines in Windows 8 Push http://t.co/LgOj0jkc

Velvet Underground to Warhol Estate: Hands off the Banana

bloomberg.com — Pop artist Andy Warhol rendered this portrait of a banana in 1967 for The Velvet Underground’s debut record album. Almost half a century later, the rock & roll band is suing the artist’s estate for trademark infringement. The band knows something farmers are increasingly concerned about: bananas need protection.

BP Said to Seek Settlement of Spill Claims

bloomberg.com — BP Plc (BP/) is negotiating with U.S. officials to settle pollution claims over the 2010 Gulf of Mexico oil spill that may leave the company liable for as much as $17.6 billion in fines, a person familiar with the talks said.

Global Gambling Revenue Increases 5.6%, Led by Growth in Asia

bloomberg.com — Global gambling revenue climbed to a record $419 billion last year, led by growth in Asia, according to Global Betting & Gaming Consultants. Revenue rose 5.6 percent from $397 billion in 2010 and is forecast to reach $448 billion this year, according to Lorian Pilling, a director at Isle of Man, U.K.-based GBGC.
Global Gambling Revenue Increases 5.6%, Led by Growth in Asia - Bloomberg http://t.co/OJ1WAegA via @BloombergNews

Israel Suffers Straddle of Emerging-Developed Label

bloomberg.com — Israel's multilane Ayalon Highway runs parallel to the Mediterranean Sea, past Tel Aviv's skyscrapers, funneling traffic to its wealthy suburbs. The La Guardia exit leads to Google Inc. (GOOG)'s research and development center, which co-developed the auto complete function of the company's search engine. At the HaShalom interchange is Check Point Software Technologies Ltd.
Israel has more startups per capita than the U.S... Still think it's an Emerging Market? | http://t.co/Iqn2JLsP via @TalBarakHarif

Euro Finance Chiefs to Defer Decision on Greece

bloomberg.com — European finance chiefs are set to defer ratifying a 130 billion-euro ($173 billion) rescue for Greece, pressing the government in Athens to put a newly struck austerity plan into action.

U.S. Stocks Advance as Greek Leaders Agree

bloomberg.com — U.S. stocks were little changed, a day after the Standard & Poor's 500 Index rose to a seven-month high, as investors weighed an agreement by Greek political leaders on measures needed to secure international rescue funds. Cisco Systems Inc. (CSCO), the biggest maker of networking equipment, fell 1 percent on a revenue forecast.
Yep, the stock market is looking tired with S&P 500 +7.6% ytd. Shares barely higher despite Greek austerity deal. http://t.co/zY5CNIkB

Clint Eastwood’s Fictional Ad Makes Democrats’ Day: Amity Shlaes

bloomberg.com — Clint Eastwood has been busy fending off critics who posit that the Super Bowl commercial he made for Chrysler represents election-year propaganda for President Barack Obama. The long clip, "Halftime in America," features the Hollywood star walking around the automobile factory floor and talking about how recoveries like Chrysler's are a model for the rest of the country.
Clint Eastwood’s Super Bowl ad made Democrats’ day. Amity Shlaes explains: http://t.co/hkmXHtad via @BloombergView

Biggs Says Low Volume Means Bull Run May Last: Chart of the Day

bloomberg.com — Stock trading around the world fell to the lowest level since at least 2006 even as global equities entered a bull market, a sign to Barton Biggs that the rally has further to go.
Slower stock trading may mean more gains. See what Barton Biggs says and the Chart of the Day shows: http://t.co/F1ZJyDkO via @BloombergNews

El Paso Mayor Fighting Ouster on Gay Rights Vote Counts Rising Legal Bill

bloomberg.com — Mayor John Cook has amassed $250,000 in debt fighting for his job in El Paso (9122MF), the sixth-biggest Texas city, after casting a decisive vote to reject a ban on benefits for same-sex partners of municipal workers. The move sparked demands for his recall.

USPS Loses $3.3B, Warns of Cash Drain

bloomberg.com — The U.S. Postal Service, anticipating the 2012 fiscal year will be its worst, said it lost $3.3 billion in the quarter ended Dec. 31 -- typically its strongest -- as customers mailed less during the Christmas season.
What do we do if USPS goes bust? Snail mail's quaint but I kinda like the option. USPS Loses $3.3B http://t.co/SXLolQtg

Friess Says Money Is `Rolling In’ for Santorum

bloomberg.com — Foster Friess, fund manager and founder of Friess Associates Inc., talks about his support of former Pennsylvania Senator Rick Santorum to become the Republican presidential nominee. (Source: Bloomberg)

Soda and Smoke Stocks Pay Off for Investors

bloomberg.com — Tobacco stocks have outperformed in 2012, gaining about 30% last year. Bloomberg’s Scarlet Fu and Dominic Chu report. (Source: Bloomberg)
Oh, sin! Why are you so profitable?!?! Soda and Smoke Stocks Pay Off for Investors - Video http://t.co/3fj9CVqb

Steve Jobs FBI File Notes Drug Use

bloomberg.com — The Federal Bureau of Investigation released a decades-old file it kept on Steve Jobs, the deceased Apple Inc (APPLE). co-founder, after a background check and bomb threat against the executive. "Several individuals questioned Mr. Jobs' honesty stating that Mr. Jobs will twist the truth and distort reality in order to achieve his goals," according to the materials released today by the FBI.
"Several individuals questioned Mr. Jobs’ honesty..." Steve Jobs FBI File Notes Drug Use http://t.co/cL0GkH9a

Lance Armstrong Returns to Pro Triathlon to Compete in World Championship

bloomberg.com — Lance Armstrong, the seven-time winner of cycling's Tour de France, will compete in 70.3-mile triathlons and a full 140.6-mile one to try to qualify for the sport's world championship. The 40-year-old Armstrong, who retired from professional cycling in February 2011 to focus on his Livestrong cancer charity, will make his professional return to triathlon at the Ironman Panama 70.3 race on Feb.
RT @bnsports: Armstrong returning to #triathlon at half #Ironman race this weekend. Seeks world championship spot. http://t.co/brkucCTA
RT @bnsports: NHL heads to Big House. Wings to host Leafs in New Year's Winter Classic at 110k-seat Michigan Stadium. http://t.co/brkucCTA

Scene Last Night: Goldman Sachs Gives, Models, Stars at Amfar

bloomberg.com — Attendance at the Amfar benefit last night at Cipriani Wall Street showed the organization's base of support in the fashion, beauty and entertainment industries. Woody Allen, nominated for several Academy Awards for "Midnight in Paris," stuck close to Mathilde Krim, founding chairman of the American Foundation for AIDS Research.
Scene Last Night: Goldman Sachs Gives, Models, Stars at Amfar - Bloomberg http://t.co/CEZieccl via @BloombergNews

Stryker CEO Stephen MacMiller Resigns for Family Reasons; CFO Takes Duties

bloomberg.com — Stryker Corp. (SYK) Chief Executive Officer Stephen MacMillan led the company's expansion efforts and helped the maker of artificial hips and knees navigate an industrywide probe before his resignation yesterday for family reasons.
Stryker CEO Stephen MacMiller Resigns for Family Reasons; CFO Takes Duties. He diversified company; navigated probe. http://t.co/BP8vQnAP

Obama’s Changing His Tune for 2012 Campaign’s Mood Music

bloomberg.com — When President Barack Obama crooned the first line of Al Green's "Let's Stay Together" at a fundraiser last month, it turned out to be the prelude for the new soundtrack of his re-election campaign. The 1971 hit by Green, who performed at the Jan.
Former Sacto Journo @margarettalev, now Bloomberg WH correspondent, has this http://t.co/cXS99m3y fun story on Pres. Obama's music play list

BOE Should Not Raise Rates Now, Sentance Says

bloomberg.com — Andrew Sentance, former Bank of England policy maker, and John Longworth, director general of the British Chambers of Commerce, talk about U.K. monetary policy, inflation and the economy. They speak with Maryam Nemazee and Linda Yueh on Bloomberg Television's
Watch again our roundtable on QE & lending with former #BOE Andrew Sentance & #BCC Director John Longworth http://t.co/v4ZKSACc @BloombergTV

Draghi Softens Outlook on Risks as ECB Refuses to Show Its Hand on Greece

bloomberg.com — European Central Bank President Mario Draghi signaled the economic outlook has improved, suggesting policy makers may be less inclined to add to stimulus as Greece reached agreement on austerity measures to secure a bailout. "The economic outlook remains subject to high uncertainty and downside risks," Draghi said at a press conference in Frankfurt today.
Draghi Softens Outlook on Risks as ECB Refuses to Show Its Hand on Greece - Bloomberg http://t.co/o88PWWYf via @BloombergNews

China Won’t Force Technology Transfers, Commerce Minister Says

bloomberg.com — China won't force foreign companies to transfer technology to ventures with their local partners in order to gain access to markets in the world's second-largest economy, Commerce Minister Chen Deming said. "The Chinese government is committed to the policy of reform and opening up and welcomes and encourages, as always, foreign investment," Chen said in a written response to questions from Bloomberg News.
#China Won’t Force Technology Transfers: Commerce Minister http://t.co/AwIQj2ZV Ahead of Vice President Xi Jinping’s visit to U.S. next week

China January Exports Probably Fell: Minister

bloomberg.com — China's exports probably declined in January after a slowdown in foreign trade in the second half of last year, Commerce Minister Chen Deming said as he pledged to maintain "stability" in the yuan's exchange rate.
China's exports are out tonight. Economists expect a drop and so does Beijing: http://t.co/6Mq2TpSr

Greece’s November Unemployment Rate Increases to 20.9%

bloomberg.com — Greece's unemployment rate rose in November to a record high, while declining industrial production in December indicated a deepening economic contraction in the final quarter. The unemployment rate rose to 20.9 percent, from 18.2 percent the previous month, the Hellenic Statistical Authority said today in an e-mailed statement.
Greece's unemployemtn rate: 20.9%. For those under 24 years old: 48% http://t.co/Nnt5BNhU

KKR Profit Falls 68% as Market Volatility Erodes Income From Investments

bloomberg.com — KKR & Co., the private equity firm run by Henry Kravis and George Roberts, said fourth-quarter profit fell 68 percent as investment income declined. Economic net income after taxes, a measure of profit excluding some costs, dropped to $225.5 million, or 33 cents a share, from $697.2 million, or $1.02, a year earlier, New York- based KKR said in a statement today.
$KKR profit fell 68% in the fourth quarter as growth in its #PrivateEquity portfolio slowed - http://t.co/gqtWcyCA

Chrysler Says Eastwood Helped Shape Ad Message for Super Bowl

bloomberg.com — Chrysler Group LLC, following a two- minute Super Bowl ad that became the center of a political debate, said the idea to use Clint Eastwood came two months ago and that the actor helped shape the message. "We had to write it together with him," Olivier Francois, Chrysler's marketing chief, said in an interview at the Chicago Auto Show yesterday.

Nissan’s $98,000 ‘Godzilla’ GT-R Supercar Stomps Ferrari: Jason H. Harper

bloomberg.com — It's called "Godzilla," and the nickname is apt. The Nissan GT-R is fully capable of frightening children and terrorizing cities. With a starting price of less than $100,000, this Japanese sports coupe will go horse to raging horse with the Ferrari 458 Italia and Porsche 911 Turbo, cars vastly more expensive.

Ireland’s Kenny Says Country Won’t Impose Losses on Bondholders

bloomberg.com — Irish Prime Minister Enda Kenny, seeking to refinance bailout funds, reiterated that Ireland will not impose losses on holders of the country's sovereign debt, as Greece looks to strike a deal with private creditors. "It's very clear that Ireland has not sought and will not seek any writedown," Kenny, 60, said in an interview with Bloomberg Television yesterday in New York.
#Ireland Kenny Says Won’t Impose Losses on Holders of Sov debt but will seek advantage of any #ECB concession on Greece http://t.co/gQ2Pb3qL

Obama’s Changing His Tune for 2012 Campaign’s Mood Music

bloomberg.com — When President Barack Obama crooned the first line of Al Green's "Let's Stay Together" at a fundraiser last month, it turned out to be the prelude for the new soundtrack of his re-election campaign. The 1971 hit by Green, who performed at the Jan.
Obviously the most important political story today: Obama's campaign playlist. http://t.co/1AjSxfoP

U.S. Mortgage Servicers in $26B Settlement

bloomberg.com — Five banks will pay $26 billion to end a nationwide investigation of abusive foreclosure practices stemming from the collapse of the housing bubble, a senior administration official said. The U.S. Justice Department and Department of Housing and Urban Development will announce the resolution of the 16-month probe this morning. Citigroup Inc.
Principal redux mostly going to homeowners whose loans are owned by the banks, not bundled into securities. http://t.co/PQaEUDGi

Refinery Closing Threatens Virgin Islands’ Debt, Employment

bloomberg.com — The U.S. Virgin Islands will confront the threat of a debt downgrade when one of the region's largest oil refineries shuts down this month, doubling joblessness on St. Croix, the archipelago's poorest island. About 2,000 workers will lose their jobs when the 350,000- barrel-a-day Hovensa LLC refinery, a partnership of Hess Corp.

Ford’s Mulally Says No Plans to Retire Next Year as Two Executives Depart

bloomberg.com — Ford Motor Co. (F) Chief Executive Officer Alan Mulally, saying he has no plans to retire, said his top finance executive and product-development chief will depart. Chief Financial Officer Lewis Booth and Derrick Kuzak, group vice president of global product development, will retire April 1, Mulally said today on a conference call with reporters.
Ford’s Mulally Says No Plans to Retire Next Year as Two Executives Depart http://t.co/EoAkVGcV

It Takes a CEO to Save the U.S. Health-Care System: Darrell Moon

bloomberg.com — Forget Washington and the political debate over Obamacare. The real battle for the future of health care is being fought in the world of business, where tens of thousands of companies have seen their financial well-being undermined by skyrocketing employee health costs. Although few people realize it, employee health costs have now become the third-largest expenditure for U.S.
Take a look at this, from Bloomberg View. One of the things that may be making health care so expensive is --... http://t.co/00xMh6PO

Credit Suisse Posts First Loss in Three Years

bloomberg.com — Credit Suisse Group AG (CSGN), the second- biggest Swiss bank, said it had a loss in the fourth quarter for the first time since 2008, hurt by "adverse markets" and costs to reorganize the investment bank.
Trouble on the Paradeplatz: The "client-focused" banking model isn't working yet for Credit Suisse http://t.co/4iVhJ87i

Obama Weighed Politics Before Contraceptive Decision

bloomberg.com — President Barack Obama ended months of internal White House debate by siding with a group of mostly female advisers who urged him not to limit a health-care law mandate to provide contraceptives, even at the risk of alienating Catholic voters in November, people familiar with the discussions said.
Obama was led astray by sirens! Just like Libya. http://t.co/FNCXFDlx

Google May Open Retail Store at European Headquarters in Dublin

bloomberg.com — Google Inc. (GOOG) may open its first stand- alone retail store at its European headquarters in Dublin, according to a filing by the world's most popular search engine. The Google Store would be open to the public and sell unspecified "Google merchandise," Google's Irish unit said in a local planning application.
Google May Open Retail Store at European HQ in Dublin - @BloombergNews // Need 3 forms of ID + retina scan to shop? http://t.co/3Kg5bRfN

Manulife Has Fourth-Quarter Loss on Interest-Rate Declines

bloomberg.com — Manulife Financial Corp. (MFC), Canada's largest insurer, reported a second straight quarterly loss as low interest rates eroded investment returns. Chief Financial Officer Michael Bell, 48, plans to leave the company. The fourth-quarter net loss was C$69 million ($69.3 million), or 5 cents a share, compared with a year-earlier profit of C$1.8 billion, or 96 cents, Toronto-based Manulife said today in a statement.

Obama Campaign Chief Messina Seeks to Assure Wall Street Donors

bloomberg.com — Jim Messina, President Barack Obama's campaign manager, assured a group of Democratic donors from the financial services industry that Obama won't demonize Wall Street as he stresses populist appeals in his re-election campaign, according to two people at the meeting.
Obama Campaign Chief Messina Seeks to Assure Wall Street Donors | and ask them to donate to his SuperPAC >> http://t.co/V4JxBIDi

Canada’s Harper Reaches Pact With China on Uranium

bloomberg.com — (Corrects information from Harper's delegation in second paragraph. Joint statement was with Chinese Premier Wen Jiabao.) Canadian Prime Minister Stephen Harper reached agreements with China to facilitate uranium exports and air travel as part of efforts to deepen ties.

PORTUGUESE GOVERNMENT BONDS 2YR NOTE PORTUGAL PL (GSPT2YR:IND)

bloomberg.com — Unless indicated otherwise: intraday data is at least 15 minutes delayed; mutual fund NAVs are updated at the close of every market day; all prices are in the local currency; Time is ET. The rates are comprised of Generic Portuguese government bonds. The underlying benchmark bonds are located under {YCGT0084 DES } 2 for "Members".

Obama Economy Advisers See 2 Million More Jobs in Revised Outlook for Year

bloomberg.com — President Barack Obama's advisers have grown more confident of the U.S. economy's prospects this year, revising their outlook to project the creation of 2 million new jobs if administration policies are adopted, a White House official said. That may bring the unemployment rate closer to 8 percent by the November election.

Blindness-Busting Gene Therapy Works in Second Eye, U.S. Researchers Say

bloomberg.com — Four years ago, an experimental gene therapy improved vision in blind patients treated in one eye. Now sight has been restored to the second eye of the previously treated individuals, researchers reported today.
Blindness-Busting Gene Therapy Works in Second Eye, Study Finds. They can see the faces of their children. @megtirrell http://t.co/0ZFyY4nh

Amgen Fails to Win Advisory Panel Backing for Expanded Use of Cancer Drug

bloomberg.com — Amgen Inc. (AMGN), the world's biggest biotechnology company, failed to win the backing of a U.S. advisory panel for its drug to delay tumors spreading to bones in patients with advanced prostate cancer. The panel voted 12-1 that the risks outweighed the benefits of the drug, Xgeva.
Amgen Fails to Win Advisory Panel Backing for Expanded Use of Cancer Drug. $1B loss for the company. See @annaedney at http://t.co/yFYog0R4

Jeremy Gerard- Bloomberg

mobile.bloomberg.com — Fearless Neef Tortures Old Guard, Enchants Kids in Toronto: Jeremy Gerard By Jeremy Gerard February 09, 2012 12:01 AM EST Alexander Neef is emptying a packet of sugar into his daughter's open palm during the intermission of "Love From Afar." The show runs nearly three hours.
RT @alexanderncoc: Just published: Fearless Neef Tortures Old Guard, Enchants Kids in Toronto: Jeremy Gerard- Bloomberg http://t.co/ixHox4aH

Pimco to Start Global Stock Fund Amid Equity Push (Update1)

bloomberg.com — Dec. 30 (Bloomberg) -- Pacific Investment Management Co., the world's largest manager of bonds, filed with U.S. regulators to start a stock mutual fund that can also invest in bank loans, junk bonds and distressed securities.

World Food Prices Rose Most in 11 Months

bloomberg.com — Global food prices rose 1.9 percent in January, the biggest gain in 11 months as the cost of oilseeds, dairy and grains increased, the United Nations Food and Agriculture Organization said. An index of 55 food items climbed to 214.3 points from a restated 210.3 points in December, the Rome-based FAO said on its website today.

Obama Weighed Religious Politics Before Taking Decision on Contraceptives

bloomberg.com — President Barack Obama ended months of internal White House debate by siding with a group of mostly female advisers who urged him not to limit a health-care law mandate to provide contraceptives, even at the risk of alienating Catholic voters in November, people familiar with the discussions said.
compelling behind scenes account. Obama Weighed Politics Before Contraceptive Decision - Bloomberg http://t.co/ucQBRBfl via @BloombergNews
shoulda given u+Mike credit by name. Great reporting. “@margarettalev: Thx @morning_joe team 4 shout-out” MUST READ http://t.co/TGhbUJYg
Gender divide: Biden and Daley cautioned Obama on catholic reax to contraception rule. Female advisers urged him on. http://t.co/xnyr4INi
RT @margarettalev: How women v. Catholic men shaped inside-WH debate behind Obama's contraception stance http://t.co/zRUd7WQr via @Bloom ...
Bloomberg is reporting today that both Biden and Daley cautioned POTUS on contraception rule regarding Catholic reax http://t.co/oVwXtkIa
Show 3 more tweets from Margaret Talev, Julie Bykowicz, Bob Drummond

`Fairly High' Risk of Disorderly Greek Default

bloomberg.com — Myles Bradshaw, a money manager at Pacific Investment Management Co., discusses his government bonds strategy and the risk that a Greek debt default may trigger credit-default swaps. He speaks with Maryam Nemazee on Bloomberg Television's
Pimco's Bradshaw Says `Fairly High' Risk Greece May Trigger Credit Default Swaps - Video - Bloomberg http://t.co/3332PdeM via @BloombergNews

Capello’s Exit Puts Redknapp Within Reach of England Soccer Coaching Job

bloomberg.com — Fabio Capello quit as coach of the England soccer team last night, opening the way for the possible appointment of Tottenham coach Harry Redknapp four months before the start of Euro 2012. Capello's resignation was accepted late yesterday by executives from the Football Association hours after Redknapp, the bookmakers' favorite to replace him, was cleared of tax evasion in a trial in London.
Capello’s Exit Puts Redknapp Within Reach of England Soccer Coaching Job - Bloomberg via @BloombergNow http://t.co/VmOSElWN

American Bankers Prove Inferior to Canada Bankers Led by Toronto-Dominion

bloomberg.com — Toronto-Dominion Bank (TD) Chief Executive Officer Edmund Clark faced investor doubts when he announced in 2004 he was buying a U.S. consumer lender, challenging larger rivals such as Bank of America Corp. (BAC) in the world's largest financial market.
EXCLUSIVE: American Bankers Prove Inferior to Canada Bankers Led by Toronto-Dominion - http://t.co/kKIRpaRD via @BloombergNews $TD

BlackRock’s Fink Says Investors Should Be 100% in Equities, Take More Risk

bloomberg.com — Investors should have 100 percent of investments in equities because of valuations and higher returns than bonds, said Laurence D. Fink, chief executive officer of BlackRock Inc. (BLK), the world's largest money manager. Investors who seek the safety of treasury bonds will have minimal returns and will not be able to meet their needs with the U.S.
BlackRock's Larry Fink, CEO of world's largest money manager: Investors Should Be 100% in Equities http://t.co/Z8SiaGtY via @BloombergNews
Show 4 more tweets from Cris Valerio, Sara Eisen, Chris Ciaccia, Erik Schatzker

Nobel Biocare Drops Most in Four Months on Forecast for Unchanged Earnings

bloomberg.com — Nobel Biocare Holding AG (NOBN) fell the most in four months in Zurich after the world's second-biggest dental implant maker said 2012 earnings will be similar to last year as European markets become more challenging.

U.K. Needs TARP-Style Plan to Target Housing

bloomberg.com — Danny Gabbay, director at Fathom Financial Consulting, discusses the U.K. housing market and the Bank of England's quantitative easing program. He speaks with Owen Thomas and Linda Yueh on Bloomberg Television's
We talk to Fathom Consulting's Gabay who says U.K. Needs TARP-Style Plan to Target Housing http://t.co/SgiS0T8o @BloombergNews @BloombergTV

Singapore Seeks First Mover Status in Myanmar After Reforms

bloomberg.com — Singapore's government is sponsoring a business delegation to Myanmar next week in an effort to take advantage of opportunities as the former military dictatorship seeks to end its global economic isolation. International Enterprise Singapore, a government agency, will lead a visit by 115 delegates from 74 Singapore-based companies from Feb.
Bloomberg reports Singapore government is sponsoring a biz delegation to Myanmar next week: http://t.co/yG8ogR9d

Greece Draft Cuts Minimum Wage 20%

bloomberg.com — Greece will pledge permanent spending cuts, including lower pension payments and a 20 percent reduction in the minimum wage, as the economy contracts this year at a faster pace than originally estimated, according to the draft of a new financing deal with the European Union and International Monetary Fund.

Watson CEO Seeks ‘Transformational’ Deal in Brand-Name Drugs

bloomberg.com — Watson Pharmaceuticals Inc. (WPI) Chief Executive Officer Paul Bisaro is looking to acquire brand-name drug assets and make a future "‘transformational'' purchase as he reshapes the generic-drug maker. Bisaro, 51, said he wants to use an estimated $6 billion the company will have available for acquisitions to invest in brand-name medicines with the potential for greater growth and consistent returns.
Watson CEO Seeks ‘Transformational’ Deal in Brand-Name Drugs: http://t.co/x84f5Rhg #pharma $WPI

Prince Harry Completes Training to Be Combat-Helicopter Pilot

bloomberg.com — Prince Harry, the third in line to the British throne, completed 18 months of training to become an attack-helicopter pilot, opening up the possibility that he could be deployed in a combat role. The prince was awarded a prize at a dinner last night for being best co-pilot gunner on his course to fly Boeing Co.
Prince Harry Completes Training to Be Combat-Helicopter Pilot - Bloomberg http://t.co/SpjCoPMh via @BloombergNews

United Technologies Is Said to Weigh Sale of Pumps Unit for Goodrich Deal

bloomberg.com — United Technologies Corp. (UTX) is considering the sale of a division that makes pumps and compressors to raise cash for the planned purchase of Goodrich Corp., said people with knowledge of the matter.
United Technologies Is Said to Weigh Sale of Pumps Unit for Goodrich Deal - Bloomberg http://t.co/ERbcr1TT via @BloombergNews

Thai Airways Plans to Lease 8 Boeing 787 Aircraft, Boeing Says

bloomberg.com — Thai Airways International Pcl (THAI), the country's largest carrier, plans to lease eight Boeing Co. (BA) 787 Dreamliners from International Lease Finance Co., Boeing said in a statement distributed to media in Bangkok today. The companies didn't say when the planes will be delivered.
Thai Airways Plans to Lease 8 Boeing 787 Aircraft, Boeing Says - Bloomberg http://t.co/LHtBvgAr via @BloombergNews

Rolls Profit Rises on Demand for New Engines, Repair Work

bloomberg.com — Rolls-Royce Holdings Plc (RR/), the world's second-largest aircraft-engine maker, said profit rose in line with estimates, buoyed by a backlog of power plant orders for passenger jets at Boeing Co. and Airbus SAS. Pretax profit including matured hedging positions increased to 1.16 billion pounds ($1.8 billion) in 2011 from 955 million pounds, the London-based company said in a statement today.
Rolls Profit Rises on Demand for New Engines, Repair Work - Bloomberg http://t.co/HkcwPA4e via @BloombergNews

`Challenging' Year Ahead for Aviation Industry

bloomberg.com — Peter Harbison, executive chairman at Sydney-based CAPA Centre for Aviation, talks about the outlook for the global aviation industry. Airlines were ordered to inspect all operating Airbus SAS A380 aircraft, as Europe’s air safety regulator escalates required checks after the wings of the double-decker superjumbo developed cracks.
`Challenging' Year Ahead for Aviation Industry - Video - Bloomberg http://t.co/S3SMIywe via @BloombergNews

Feldman: Gay-Marriage Ruling May Backfire

bloomberg.com — What's in a name? In 2008, supporters of a state ballot measure convinced a majority of California voters that there was a meaningful difference between extending full domestic partnership rights to gay couples and calling their relationships marriage. The U.S. Court of Appeals for the Ninth Circuit agrees -- sort of.
RT @BloombergView: Gay-rights ruling isn't the major legal breakthrough that some hoped it would be | http://t.co/Ahb5lWaJ
California gay marriage ruling `not the major legal breakthrough' some had hoped, Harvard's Noah Feldman writes http://t.co/5wrJkCyo
Hey @chrisgeidner! From my employer: RT @bloombergview: Gay-rights ruling isn't major legal breakthrough some hoped | http://t.co/ExAfPrnD

Daimler Fourth-Quarter Profit Climbs 39% on Record Mercedes-Benz Sales

Daimler Fourth-Quarter Profit Climbs 39% on Record Mercedes-Benz Sales - Bloomberg http://t.co/3jfXFw85 via @BloombergNews

Chinese Official Met With U.S. Diplomats at Consulate Before Taking Leave

bloomberg.com — Wang Lijun, a deputy mayor of the southwestern Chinese city of Chongqing, was sent for a "vacation style" treatment after suffering from overwork and stress, the local government said on its official microblog. Richard Buangan, a spokesman at the U.S.
Li Cheng of Brookings says in here it is the end of the Chongqing Model. Bloomberg http://t.co/RuXTKpiB via @BloombergNews
Latest w/ Cui Tiankai comments. Chinese Official Met With U.S. Diplomats at Consulate Before Taking Leave - Bloomberg http://t.co/RuXTKpiB

Defensive Stocks Lose for First Time Since ’99

bloomberg.com — As global stocks return to a bull market, the losers in the U.S. are companies least tied to economic growth. For the first time since 1999, Standard & Poor's 500 Index utilities, phone companies and providers of consumer staples posted the only monthly losses, slumping at least 1.5 percent with dividends in January, and continued to lag behind this month.
Defensive Stocks Lose for First Time Since ’99 http://t.co/9FQAOaeg S&P500: utilities, phone companies & consumer staples -the only losses

Goldman Sachs’s Lucas van Praag to Leave Firm

bloomberg.com — Lucas van Praag, who became one of the public faces of the U.S. financial industry as Goldman Sachs Group Inc.'s global head of corporate communications, is leaving the firm after 12 years.
Or a part in Downton Abbey MT @mccarthyryanj: Someone give van Praag a talk show with brandy, armchairs, a fireplace http://t.co/0Nq6nGx3
Someone give Lucas van Praag a talk show. There needs to be brandy, armchairs, a fireplace, mahogany http://t.co/dEJQ8zrX
Trying to work out what to give Lucas as a leaving present http://t.co/CJHIvX9m
In the world of high-paid spokesmen: Lucas van Praag is leaving Goldman Sachs - http://t.co/nQm71ecT

China's Emerging Economy Can't Be `Fine Tuned'

bloomberg.com — Andy Xie, former Morgan Stanley chief Asia-Pacific economist, talks about the outlook for China's economy and central bank monetary policy. Xie also discusses Europe's debt crisis. He speaks in Hong Kong with Susan Li, John Dawson, Zeb Eckert and Mia Saini on Bloomberg Television's
China's Emerging Economy Can't be fine tuned...check out the Asia All in interview i took part in http://t.co/qwnESUlj

The Power of Santorum’s Sweater Vest

bloomberg.com — Bill Batchelder, president of Bemidji Woolen Mills, talks with Bloomberg’s Margaret brennan about the increase in orders for a Santorum sweater vest. (Source: Bloomberg)

Draghi’s 100 Days of Action Suggest ECB May Help to Avoid a Greek Default

bloomberg.com — In his first 100 days as European Central Bank President, Mario Draghi has taken unprecedented action to tackle the sovereign debt crisis. Greece may push him even further into unknown territory. Draghi will today face questions on the ECB's possible role in helping Greece reduce its debt as the threat of a disorderly default mounts.
Draghi’s 100 Days of Action Suggest ECB May Help to Avoid a Greek Default - Bloomberg http://t.co/ZAS3Yx7w via @BloombergNews

Foreclosure Deal to Offer $17B Mortgage Relief

bloomberg.com — A multi-state settlement with five large banks over foreclosure practices would include as much as $17 billion in mortgage debt forgiveness and loan modifications and take three years to complete, according to a letter describing the deal.

Jeremy Lin Scores Career-High 25 as New York Knicks Beat Nets 99-92

bloomberg.com — Former Harvard University point guard Jeremy Lin breathed life into a New York Knicks' team that had lost 11 of its last 13 games, scoring a career-high 25 points in a 99-92 win over the New Jersey Nets.
So proud of Harvard! Only player from @Harvard to reach NBA since '54 is Jeremy Lin. @BloombergNews article abt him: http://t.co/7h221gK6

Models Occupy Nasdaq, Ice Rink as New York Fashion Week Offers 328 Shows

bloomberg.com — There was a time when Ruth Finley could easily avoid conflicts while putting together the schedule for New York Fashion Week. This month, the publisher of the pink-paper Fashion Calendar, the trade's must-read, had to fit as many as eight different runway shows and presentations into one time slot.
Fashion Week preview: Models Occupy Nasdaq, Ice Rink as New York Fashion Week Offers 328 Shows - http://t.co/4y3LEZTj via @BloombergNews

LA’s Six-Figure Carpenters Show Clout of Utility Union

bloomberg.com — The Los Angeles Department of Water and Power had the highest-paid public employees in the city, earning on average 40 percent more than other municipal workers, even those with identical job titles. The utility's 10,782 employees earned an average of $96,805 annually in 2010, the most recent year for which data was available, according to compensation statistics provided by state Controller John Chiang.
Want to know the easiest way to make a $74,408 salary? Drop out of college, become a parking lot attendant at DWP. http://t.co/3vc4NiLW
L.A. DWP asks for rate hike even as it pays workers 40% more than other city workers. http://t.co/0hWxVBQn
RT @StatesAndCities: Los Angeles’s $100,000 Carpenters Show Influence of Water Department Union: http://t.co/fHWlkhrg via @BloombergNews ...

Man-Eating Lion, Mystery Trains Beguile Gerhard Richter: Catherine Hickley

bloomberg.com — Gerhard Richter begs to differ with the curators at Dresden's Lipsiusbau, who are exhibiting his "Atlas," an archive of his preparation work for paintings. On a panel in the exhibition, the museum proclaims "Atlas" as "an autonomous artwork in its own right." "Nah," Richter said at a news conference in the same room.
Man-Eating Lion, Mystery Trains Beguile Gerhard Richter: Catherine Hickley - Bloomberg http://t.co/Yrkouy60 via @BloombergNews

Obama May Find Some 2008 Words Fail Him in Re-Election Campaign

bloomberg.com — Candidate Barack Obama in 2008 bashed China as a currency manipulator and called the foreign purchase of an iconic American beer company a "shame." Now, Obama is bound by the rhetorical constraints of the presidency. As he prepares to meet next week with a top Chinese leader on a range of strategic and economic issues, similar statements could roil markets, disrupt alliances or trigger retaliation.
RT @RyanLizza: Smart RT @juliannagoldman: For Obama, pandering to 2012 could crash markets. Romney, not so much. http://t.co/aJ0apzw9
Smart piece RT @juliannagoldman: For Pres. Obama, pandering to 2012 voters could crash markets. Romney, not so much. http://t.co/4qlB57fc
For Pres. Obama, pandering to 2012 voters could crash markets. Romney, not so much. http://t.co/osbF83nl via @BloombergNews

Apple Supplier Conditions to Be Targeted by Protesters

bloomberg.com — Apple Inc. (AAPL), maker of the iPad and iPhone, will face protesters tomorrow who want the company to change its manufacturing practices to address criticism of worker conditions at manufacturing partners operating in China.
Kind of amazing this kind of outcry hasn't taken root before. Apple Supplier Conditions to Be Targeted by Protesters http://t.co/eiHFj8eC

Food Bubble Is Expanding U.S. Waistlines: Vikram Mansharamani

bloomberg.com — In the housing boom that lasted from 2001 to 2007, highly motivated investment bankers capitalized on historically low interest rates, abundant liquidity, government- sponsored housing finance, political encouragement to make housing accessible to all, and mortgage-interest tax policies to create a securitization party of unrivaled scale and scope.
The next market bubble has been found in the global food system: http://t.co/r6vACleL via @BloombergView
It really annoys me when the word "bubble" is used for something other than a speculative price bubble. http://t.co/plg3v8Ir

Bank of Korea Holds Rate for Eighth Month

bloomberg.com — The Bank of Korea held off raising borrowing costs for an eighth straight month as the economy slowed and exports declined due to the European debt crisis. Governor Kim Choong Soo and his board kept the benchmark seven-day repurchase rate unchanged at 3.25 percent, the central bank said in a statement in Seoul today.
Bank of #Korea Holds Rate for Eighth Month http://t.co/3kCCGOFR @BloombergNews Held at 3.25% as expected, unanimous decision

China Says Cooperation Still Possible With U.S. on Syria at United Nations

bloomberg.com — Aging Asia Population Shows Bonds Beating Stocks Papademos Meets EU Officials Over Stalled Bailout Updated 13 minutes ago U.S. Likely to Approve Google Bid for Motorola Updated 1 hour ago Jaroslovsky Reviews Sleep Tracking Gadgets
China Says Cooperation Still Possible With U.S. on #Syria at United Nations - Bloomberg http://t.co/0agFX1Yw via @BloombergNews

Papademos Meets EU Officials Over Stalled Bailout

bloomberg.com — Greek Prime Minister Lucas Papademos is meeting European and International Monetary Fund officials to resolve a dispute over pension cuts that threatens to scuttle a 130 billion-euro ($172 billion) rescue package.
#Greece Talks Stall over pensions; Venizelos Heads to Brussels http://t.co/X2J7sb6J Gov official: have 15 days to identify EUR300mln of cuts
#Greece Bailout Accord Stalls on Pension Dispute http://t.co/X2J7sb6J @BloombergNews Aim to resolve before euro finance ministers mtg today

China CPI Accelerating Limits Room for Easing

bloomberg.com — China's inflation unexpectedly rebounded in January as a weeklong holiday boosted spending and food-price gains accelerated. Consumer prices rose 4.5 percent from a year earlier, the National Bureau of Statistics said on its website today. That compares with the median 4 percent estimate in a Bloomberg News survey of 33 economists and 4.1 percent in December.
#China CPI Accelerating Limits Room for Easing http://t.co/a2Rq5jT6 Jan CPI 4.5% more than all estimates-quickening for 1st time in 6 months

New York’s Long Beach Declares Fiscal Crisis After Overtime Costs Surge

bloomberg.com — Long Beach, New York, the Long Island city whose credit rating was cut five levels in December, declared a fiscal crisis, giving its manager the authority to reappropriate a $60 million budget after a surge in overtime costs and a $500,000 payout to a retiring police official.

Thompson on Apple, Working Conditions in China

bloomberg.com — Nick Thompson, senior editor at New Yorker magazine and a Bloomberg contributing editor, talks about Apple Inc.'s performance and its competition with Research In Motion Ltd. in the mobile phone market. The maker of the iPad and iPhone will face protesters tomorrow who want the company to address criticism of worker conditions at manufacturing partners operating in China.
Apple now accounts for a whopping 10% of the NASDAQ - how long can it last? @jonerlichman & @nxthompson http://t.co/bhHajyyA

Thompson on Apple, Working Conditions in China

bloomberg.com — Nick Thompson, senior editor at New Yorker magazine and a Bloomberg contributing editor, talks about Apple Inc.'s performance and its competition with Research In Motion Ltd. in the mobile phone market. The maker of the iPad and iPhone will face protesters tomorrow who want the company to address criticism of worker conditions at manufacturing partners operating in China.
#Apple rapid fire w/ @nxthompson http://t.co/Ni0Y2goa - quick take on $444B market value, RIM effect, Foxconn & Sprint subsidies $AAPL