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Most Talked About Bloomberg News Stories

Facebook's IPO Flop Is Decade's Worst

bloomberg.com — May 25 (Bloomberg) -- Sheila Dharmarajan reports on facebook's IPO and how it is the biggest flop in a decade based on the first 5 days of trading. She speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)
Rodrigo Orihuela Oil Correspondent, Bloomberg News @RoddyOr
RT @BloombergNews: Facebook is officially the worst-performing IPO of the decade | http://t.co/hdECQBRI (corrected link)
Anthony De Rosa Social Media Editor and Columnist, Reuters @AntDeRosa
BloombergTV: Facebook's first week of trading is the worst large IPO performance in a decade http://t.co/ZgW5OQXI
Jim Roberts Associate Managing Editor, New York Times @nytjim
RT @AntDeRosa: BloombergTV: Facebook's 1st week of trading is the worst large IPO performance in a decade http://t.co/zrGnPHZf
David Firn Weekend News Editor, Financial Times @davidfirn
RT @BloombergNews: Facebook is officially the worst-performing IPO of the decade | http://t.co/hdECQBRI (corrected link)
Ryan Chittum Staff Writer, Columbia Journalism Review @ryanchittum
RT @myurow: Congrats, Zuck! Facebook is officially the worst-performing IPO of the decade | http://t.co/m6bECOiW
Show 7 more tweets from Gregory Zuckerman, Mike Hayes, Greg Giroux, Mike Hayes, Carli Brosseau, Mathew Yurow, Paul Vieira

JPMorgan Gave Risk Oversight to Museum Head Who Sat on AIG Board

bloomberg.com — The three directors who oversee risk at JPMorgan Chase & Co. include a museum head who sat on American International Group Inc.'s governance committee in 2008, the grandson of a billionaire and the chief executive officer of a company that makes flight controls and work boots.
Pedro Nicolaci da Costa Reporter, Reuters @pdacosta
Can't make this stuff up: JPMorgan handed oversight reins to museum head who sat on AIG board http://t.co/VMI347YI h/t @anatadmati
Jeffrey Young Health Care Reporter, Huffington Post @JeffreyYoung_HC
I'm no captain of industry or job creator or whatever but this seems... bad. http://t.co/FsPRjvDr
Josh Benson Co-Editor, Capital New York @jwbens
RT @maxabelson: Please meet JPMorgan's risk committee: A museum head/AIG alum, a billionaire heir, a Honeywell exec http://t.co/Qq2FNFO1
Maxwell Strachan Business Editor, Huffington Post @maxwellstrachan
RT @pareene: this is the best story, thank god we saved the finance industry http://t.co/BcZhksET
Jesse Drucker Investigations Team Reporter, Bloomberg News @JesseDrucker
RT @maxabelson: Please meet JPMorgan's risk committee: A museum head/AIG alum, a billionaire heir, a Honeywell exec http://t.co/Qq2FNFO1
Show 19 more tweets from Marcus Baram, Francis Lam, Alex Pareene, Jesse Drucker, Ray Locker, Nancy Cook, Joshua Green, Matthew Boyle, Bob Ivry, Christine Harper and others...

Hoboken Homes Gone in 60 Minutes Signal U.S. Recovery: Mortgages

bloomberg.com — For the latest sign of a U.S. housing rebound, Toll Brothers Inc. Chief Executive Officer Douglas Yearley points to Hoboken, New Jersey: A couple torn between two condos last month at the sales office for its Hudson Tea complex decided to think about it over lunch.
Tom Petruno Freelance Journalist @tpetruno
US housing rebound is a blip by historical standards, but it's big vs where we were. Why builder stocks have surged ytd http://t.co/icB8tBns
Prashant Gopal Real Estate Writer, Bloomberg BusinessWeek @mrgopal
Buying a condo in Hoboken? Pack lunch. They're going fast. http://t.co/JsELXTek
Megan Hughes Reporter, Bloomberg TV, Bloomberg News @HughesNews
MT @morsea: Gone in 60 Minutes: Couple loses two pads in an hour. Is the housing market stirring from its coma? http://t.co/VsOEtk1Q
Andrew Morse Head, Bloomberg TV, Bloomberg News @morsea
Gone in 60 Minutes: Couple loses two pads in an hour. A sign the housing market is stirring from its coma? http://t.co/77JSr0Oc
Suzanne Woolley Senior Editor, Bloomberg BusinessWeek @WealthWatch
Real estate recovery? I will never be able to afford a home if places in Hoboken are going in an hour! http://t.co/CpioeEtb
Show 1 more tweet from David Levitt

Corzine’s Hoboken Penthouse Sells at a 14% Loss for $2.8 Million

bloomberg.com — A Hoboken, New Jersey, penthouse belonging to Jon Corzine, the former chairman of bankrupt MF Global Holdings Ltd., sold for $2.8 million, 14 percent less than what he paid for it in 2008.
Prashant Gopal Real Estate Writer, Bloomberg BusinessWeek @mrgopal
Corzine sells his Hoboken penthouse for $2.8 million in cash. http://t.co/cBNPhrRr
David Levitt Commercial Real Estate Reporter, Bloomberg News @dmlevitt
#Corzine loses more money: takes 14% hit on $2.8M sale of #Hoboken penthouse at #MaxwellPlace #realestate http://t.co/OubPqoYc
Elise Young Reporter, Bloomberg News @EliseOnDeadline
Corzine’s Hoboken Penthouse Sells at a 14% Loss for $2.8 Million http://t.co/zj6IHDUd via @BloombergNews

Facebook's IPO Flop Is Decades Worst

bloomberg.com — May 25 (Bloomberg) -- Sheila Dharmarajan reports on Facebook's IPO and how it is the biggest flop in a decade based on the first 5 days of trading. She speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)
Peter Hoskins Producer, Jeff Randall Live, Sky News @PeterHoskinsSky
Another zinger for Mark Zuckerberg RT @BloombergNews #Facebook is officially the worst-performing IPO of the decade | http://t.co/Ku4nN0BJ
Scott Simpson Business Innovation Writer, Vancouver Sun @ScottSimpsun
RT @BloombergNews: Facebook is officially the worst-performing IPO of the decade | http://t.co/HgryMRd9
Sarah Frier Technology Reporter, Bloomberg News @sarahfrier
RT @BloombergTV: #Facebook is officially the worst-performing IPO of the decade http://t.co/yVFHBVV2 $FB
Jay Yarow Editor, Business Insider @jyarow
RT @BloombergTV: #Facebook is officially the worst-performing IPO of the decade http://t.co/0V0SolF8 $FB

Single Women Voters Focus of Democrats’ Equal-Pay Appeal

bloomberg.com — Unmarried women were among Barack Obama's most loyal supporters in 2008, turning out in droves and delivering 70 percent of their votes to him. When many of them stayed home in the 2010 midterm election, Democrats lost the House and had their Senate majority trimmed.
Megan Hughes Reporter, Bloomberg TV, Bloomberg News @HughesNews
RT @greggiroux: RT @tackettdc: All the single ladies...all the single ladies @LauraLitvan on Dems focus on... http://t.co/DgSZnLck #2012
Greg Giroux Analyst and Reporter, Bloomberg News @greggiroux
RT @tackettdc: All the single ladies...all the single ladies @LauraLitvan on Democrats focus on single women http://t.co/XHjwT4kn #2012
Lauren Vicary Political Editor, Bloomberg.com, Bloomberg News @LVicary
One of Obama's most devoted blocks in 2008? Single women. Now senate Dems are fighting to get them back @LauraLitvan http://t.co/h3KuewQ1
Michael Tackett Managing Editor, Washington, Bloomberg News @tackettdc
All the single ladies...all the single ladies @lauralitvan on Democrats focus on single women http://t.co/EI4UnIfY #2012

SEC Staff Said to End Lehman Probe Without Recommending Action

bloomberg.com — U.S. Securities and Exchange Commission investigators have concluded their probe of possible financial fraud at Lehman Brothers Holdings Inc. and determined that they will probably not recommend any enforcement action against the firm or its former executives, according to an excerpt of an internal agency memo.
Glenn Greenwald Blogger, Salon @ggreenwald
Now that Lehman execs are cleared, let's get back to imprisoning Real Criminals: petty thieves & corner drug sellers http://t.co/OaIBYP6w
Glenn Greenwald Blogger, Salon @ggreenwald
Congrats to Lehman Brothers execs on the SEC recommendation to do nothing for their causing the 2008 global crisis http://t.co/OaIBYP6w
Daniel Fitzsimmons Editor, Straus News @DanFitzsimmons
Well here's a nice precedent for big banks: #SEC electing not to prosecute #Lehman Bros. http://t.co/I0Yki5aU
Dave Mosher Correspondent, Wired.com, Wired @DaveMosher
Corruption in its finest hour: http://t.co/B4j2ixV5
Michael W. Hudson Staff Writer, iWatch News, Center for Public Integrity @michaelwhudson
SEC Staff Said to End Lehman Probe Without Enforcement Action http://t.co/iGtXzZPE via @BloombergNews
Show 15 more tweets from Mark S. Getzfred, Jonathan O'Connell, David Joachim, Zach Fox, John Carney, Lucy P. Marcus, Susan Antilla, Marcus Baram, Devin Banerjee, Greg Giroux and others...

Lacrosse Party-Boy Image Worries Coaches Who See Slower Growth

bloomberg.com — Duke University men's lacrosse coach John Danowski still talks to recruits' parents about the stripper party that led to false rape allegations six years ago. University of Virginia coach Dom Starsia won't grant interview requests about a former player who beat his girlfriend to death two years ago.
Roben Farzad Senior Writer, Bloomberg BusinessWeek @robenfarzad
Lacrosse = still good for nothing http://t.co/TCOZ63js
Suzanne Woolley Senior Editor, Bloomberg BusinessWeek @WealthWatch
New song version: Mamas, don't let your babies grow up to be lacrosse players! Lacrosse Party-Boy Image Worries Coaches http://t.co/euqPtU6R
Nick Turner Technology Editor, Bloomberg News @SFNick
Interesting look at how lacrosse is trying to get past its party-boy image problems. http://t.co/UVCwLk9Z
Zachary Tracer Reporter, Bloomberg News @ZTracer
Duke's lacrosse coach Danowski says it's time for the sport to grow up: http://t.co/HPOnZNlS

GM Reports CFO’s Wife in 2011 Related-Party Transaction

bloomberg.com — General Motors Co. (GM) said Pernilla Ammann, the wife of Chief Financial Officer Dan Ammann, is an officer and a partner in anadvertising agency that received about $600,000 for services last year to a GM subsidiary. The transaction was "properly ratified" under the Detroit-based company's policy covering related-party transactions, GM said today in a regulatory filing.
Alan Ohnsman Transportation Reporter, Bloomberg News @alanohnsman
GM Reports CFO’s Wife in 2011 Related-Party Transaction http://t.co/hpm6H0HB via @BloombergNews
Jeff Green Detroit Bureau Chief and Reporter, Bloomberg News @JeffAGreen
Tim Higgins explains what GM is saying in a filing about the CFO’s Wife's $600K related party transaction. http://t.co/YcuwPAZ2

Frozen Europe Means ECB Must Resort to ELA

bloomberg.com — The first rule of ELA is you don't talk about ELA. The European Central Bank is trying to limit the flow of information about so-called Emergency Liquidity Assistance, which is increasingly being tapped by distressed euro-region financial institutions as the debt crisis worsens.
Yalman Onaran Senior Finance Writer, Bloomberg News @Yalman_BN
Are EU leaders slowly pushing the euro to extinction? #Zombie #banks' burden shifting to local central banks signal so http://t.co/A0oraKvE
Christine Harper Chief Financial Correspondent, Bloomberg News @cr_harper
Frozen Europe Means ECB Must Resort to ELA for Banks http://t.co/dZd56C3f via @BloombergNews
Joseph Cotterill Alphaville Reporter, Financial Times @jsphctrl
That @LorcanRK character shows up in this Bloomie story on ELA: http://t.co/HGIypVwx
Francine Lacqua Anchor, Bloomberg TV, Bloomberg News @flacqua
Frozen Europe means ECB must resort to ELA for banks. 'First rule of ELA is you don't talk about ELA' http://t.co/ipLilcsx
David Enrich European Banking Editor, Wall Street Journal @davidenrich
The first rule of ELA is you don’t talk about ELA http://t.co/4uwOEey6
Show 2 more tweets from Owen Thomas, Jeff Black

Benchmark Joins Twitter in San Francisco's Startup Zone

bloomberg.com — Twitter Inc. will be joined by one of its biggest investors soon after the company moves to San Francisco's gritty Mid-Market neighborhood next month. Benchmark Capital, which bought a stake in the micro- blogging service three years ago, signed a lease this week for more than 10,000 square feet of space on Market Street, a half mile from Twitter's new headquarters.
Doug MacMillan Technology Writer, Bloomberg BusinessWeek @dmac1
Benchmark Capital moves to Warfield Theater building in SF, home to 2/3 of the VC's deals in last 3 yrs http://t.co/agmkWR4X by @levynews
Joseph Galante Ecommerce, VC Reporter, Bloomberg News @jgalante
RT @levynews: Benchmark Joins Twitter in San Francisco's Startup Zone - Bloomberg via @BloombergNow http://t.co/nXxA4k6M
Ari Levy Technology Reporter, Bloomberg News @levynews
Benchmark Joins Twitter in San Francisco's Startup Zone - Bloomberg via @BloombergNow http://t.co/nXxA4k6M

Rubio Criticizes Cooperation With Bin Laden Filmmaker

bloomberg.com — U.S. Senator Marco Rubio criticized the Obama administration for cooperating with a Hollywood moviemaker on a film about the top-secret Navy unit that killed Osama bin Laden, warning such actions could "impact the ability to carry out similar operations in the future."
Michael C. Bender Florida Government and Politics Reporter, Bloomberg News @MichaelCBender
RT @tackettdc: Rubio criticizes cooperation w/ Bin Laden filmmaker http://t.co/25IzRq7L #2012
Jim Acosta CNN National Political Correspondent, CNN @jimacostacnn
RT @jonward11: Rubio hits Obama: "He goes straight for the argument that his opponents are bad human beings." http://t.co/DfMHkntt
Jon Ward White House Reporter, Daily Caller @jonward11
Rubio hits Obama: "He goes straight for the argument that his opponents are bad human beings." http://t.co/9SBDmRLy

Consumer Sentiment in U.S. Climbs to Highest Since 2007

bloomberg.com — Consumer confidence rose in May to the highest level since October 2007 as prices at the gas pump became less of a drag on household budgets. The Thomson Reuters/University of Michigan final index of consumer sentiment climbed to 79.3 from 76.4 the prior month.
Suzanne Woolley Senior Editor, Bloomberg BusinessWeek @WealthWatch
Partly cause price of a gallon of gas fell to $3.67 from $3.94 in April: Consumer sentiment is highest since 07 http://t.co/0WbItn9c
Mike Dorning White House Correspondent, Bloomberg News @MikeDorning
Consumer Confidence in U.S. Highest Since October 2007, Before Start of Recession. http://t.co/3uGoEcqP #2012
Linda Yueh Economics Editor, Bloomberg TV, Bloomberg News @lindayueh
U.S. Consumer Sentiment Climbs to Highest Since 2007: Univ of Michigan index rose to 79.3 vs prelim 77.8 http://t.co/idWwZaAz @BloombergNews

Dallara Says Greek Euro Exit May Exceeed 1 Trillion Euros

bloomberg.com — The cost of Greece exiting the euro would be unmanageable and probably exceed the 1 trillion euros ($1.25 trillion) previously estimated by theInstitute of International Finance, the group's managing director said. The Washington-based IIF's projection from earlier this year is "a bit dated now" and "probably on the low side," Charles Dallara said in an interview in Rome today.
Linda Yueh Economics Editor, Bloomberg TV, Bloomberg News @lindayueh
IIF MD Dallara Says Greek Euro Exit May Exceed 1 Trillion Euros http://t.co/Z78rb4rS via @BloombergNews @BloombergTVWrld
Omar Waraich Pakistan Correspondent, Time Magazine @OmarWaraich
RT @BloombergNews: The cost of Greece exiting the euro would probably exceed the 1 trillion euros | http://t.co/XP9ZkU06

In Defense of the Faculty Lounge

bloomberg.com — More about Stephen L Carter I rise to defend the faculty lounge, that magical idea factory that has become, in the current presidential campaign, an object of unexpected derision. Mitt Romney and his supporters have developed the unfortunate strategy of referring to PresidentBarack Obama as a product of "the faculty lounge."
Bora Zivkovic Blog Editor, Scientific American @BoraZ
RT @hangingnoodles: how much lounging is too much lounging? RT @ezraklein: "I rise to defend the faculty lounge" http://t.co/JzsSbmMS
Ezra Klein Blogger and Columnist, Washington Post @ezraklein
"I rise to defend the faculty lounge" http://t.co/vbVdXasU
Oliver Staley Higher Education Reporter, Bloomberg News @Ostaley
Bloomberg View columnist Stephen Carter defends the maligned Ivy League faculty lounge: http://t.co/parsZRKv

Facebook IPO Seen Deepening Investor Distrust of Stocks

bloomberg.com — Facebook Inc. (FB)'s initial public offering, plagued by trading errors and a 16 percent drop in the share price, will push more individual investors out of a stock market they already distrust after the financial crisis.
Suzanne Woolley Senior Editor, Bloomberg BusinessWeek @WealthWatch
Facebook IPO debacle just deepens investor distrust of stocks (editorial comment: with good reason!) http://t.co/0l4zh2nj
John Vass Web Editor, Chattanooga Times Free Press @newsman787
RT @BloombergNews: Facebook IPO is deepening investors' distrust of stocks | http://t.co/BL65DCeo

Facebook Epic Fail Is Decade’s Worst Large IPO: Chart of the Day

bloomberg.com — Facebook Inc. (FB)'s initial public offering, which set a record for technology companies by raising more than $16 billion, also has the distinction of producing the worst return among the largest U.S. deals of the past decade. The CHART OF THE DAY compares the first five days of trading for the 10 largest U.S.
Deborah Gage Reporter, Dow Jones VentureWire, Wall Street Journal @deborahgage
Facebook Epic Fail Is Decade’s Worst Large IPO: Chart of the Day http://t.co/pRBZoxcw via @BloombergNews
David Wilson Columnist, Bloomberg News @TheOneDave
Facebook's first five days of trading produced a dubious distinction. See this Chart of the Day: http://t.co/i66fR8Jl via @BloombergNews

SpaceX Becomes First Company to Dock Ship at Space Station

bloomberg.com — Space Exploration Technologies Corp. docked a supply ship at the International Space Station in a breakthrough for commercial space travel. Closely held SpaceX, controlled by billionaire Elon Musk, connected its unmanned Dragon capsule to the station at 12:02 p.m. New York time, according to Kyle Herring, a spokesman for the National Aeronautics and Space Administration.
Alan Ohnsman Transportation Reporter, Bloomberg News @alanohnsman
SpaceX Becomes First Company to Dock Ship at Space Station http://t.co/cIaMkXkc via @BloombergNews
Nikhil Hutheesing Deputy Managing Editor, Personal Finance, Bloomberg News @Nikhil212
SpaceX becomes the first company to dock at a space station. http://t.co/CR7VP2On

SpaceX Becomes First Company to Dock Craft at Space Station

bloomberg.com — Space Exploration Technologies Corp. docked a supply ship with the International Space Station in a breakthrough for commercial space travel. Closely held SpaceX, controlled by billionaire Elon Musk, connected its unmanned Dragon capsule to the station at 12:02 p.m. New York time, according to Kyle Herring, a spokesman for the National Aeronautics and Space Administration.
Stan Yee Asia Editor and Producer, Bloomberg.com, Bloomberg News @stanyee
Hurray :) RT @myurow: BREAKING: SpaceX becomes first company to dock craft at space station | http://t.co/rbLt8m3Y
Mathew Yurow Social Media Editor, Bloomberg News @myurow
BREAKING: SpaceX becomes first company to dock craft at space station | http://t.co/mTO6DwVK

The Top Ten Stocks for May 25

bloomberg.com — May 25 (Bloomberg) -- Bloomberg's Trish Regan, Adam Johnson and Matt Miller report on today's ten most important stocks including Groupon, Chesapeake Energy and Facebook. (Source: Bloomberg)
Adam Johnson Markets Reporter, Bloomberg News @AJInsight
RT @BloombergTV: What were today's top ten stocks? @Trish_Regan @AJInsight and @MattMiller1973 break it down http://t.co/LdQlPMPB

Fist Fight in Ukraine's Parliament

bloomberg.com — May 25 (Bloomberg) -- A fist fight broke out between lawmakers during a debate in Ukraine's parliament over the use of the Russian language in courts and hospitals. (Source: Bloomberg)
Terence Corcoran Editor, Financial Post, National Post @terencecorcoran
But wood panelling gives it classy air. RT @BloombergTV Fist fights in Ukraine parliament. WATCH the video: http://t.co/3LsdOzpT

California Credit Unions' Super-PAC Aids Democrat Aguilar

go.bloomberg.com — A trade association for California's credit unions is funding a super-PAC to aid Democrat Pete Aguilar, a mayor who's seeking a politically competitive congressional district in the state's Inland Empire. The California Credit Union League's political action committee donated $250,000 on April 27 to the super-PAC, Restoring Our Community, according to a filing yesterday with the Federal Election Commission.
Greg Giroux Analyst and Reporter, Bloomberg News @greggiroux
CA credit union trade group funding super-PAC to aid @aguilarpete (D) #ca31 (Inland Empire) http://t.co/dlouQ5l2 #capolitics

Wen Call for Growth, Not Loan Push, Echoed by Cabinet

bloomberg.com — Premier Wen Jiabao's call to focus more ongrowth was endorsed by China's State Council this week with the exception of his push to expand credit, in what economists said shows tension over how to reverse the slowdown.
Linda Yueh Economics Editor, Bloomberg TV, Bloomberg News @lindayueh
Premier Wen’s call to focus more on econ growth was endorsed by #China State Council but not his push to expand credit http://t.co/DtiwYT0y

Brent Crude Oil Options Trading Volumes Rise to Record, ICE Says

bloomberg.com — Daily trading volumes of Brent oil options rose to a record 78,508 contracts yesterday, according to ICE Futures Europe, a unit of Intercontinental Exchange Inc. The volume surpassed a previous peak of 63,494 lots set on May 2, ICE said today in an e-mailed statement.
Linda Yueh Economics Editor, Bloomberg TV, Bloomberg News @lindayueh
Brent Crude #Oil Options Trading Volumes Rise to Record: ICE http://t.co/9m0NsOwx Option allow, w/out obligation, to buy/sell at a set price

Benchmark Joins Twitter in San Francisco’s Startup Zone- Bloomberg

bloomberg.com — Twitter Inc. will be joined by one of its biggest investors soon after the company moves to San Francisco's gritty Mid-Market neighborhood next month. Benchmark Capital, which bought a stake in the micro- blogging service three years ago, signed a lease this week for more than 10,000 square feet of space on Market Street, a half mile from Twitter's new headquarters.
Richard Florida Writer, The Atlantic @Richard_Florida
Urban Tech: Benchmark Capital to San Fran Edition - http://t.co/66BVfKCR

Iran Nuclear Talks Make Little Progress, Head to Moscow

bloomberg.com — Iran and world powers agreed to hold a new round of talks about the Persian Gulf nation's nuclear program next month after failing to bridge differences during two days of negotiations in Baghdad. Negotiators from the U.S., the U.K., France, Germany, China andRussia plan to meet their Iranian counterparts June 18 and 19 in Moscow.
Scott Peterson Istanbul Bureau Chief, Christian Science Monitor @peterson__scott
RT @rezamarashi Wise words,wise man: Bijan Khajehpour "I always urge negotiators to study Iranian mentality &culture” http://t.co/9KOTnMJd
Flavia Jackson U.N. Corresponent, Bloomberg News @flaviajackson
Iran Nuclear Talks Make Little Progress, Head to Moscow http://t.co/y3fZQLvr via @BloombergNews

JPMorgan CIO Office Invested in Ebony, Technicolor

bloomberg.com — The JPMorgan Chase & Co. (JPM) office that lost $2 billion on flawed derivatives trades also owns stakes in the publisher of Ebony, the magazine for black Americans led by a former White House social secretary, andTechnicolor SA (TCH), the money-losing French maker of film technologies.
Christine Harper Chief Financial Correspondent, Bloomberg News @cr_harper
JPMorgan CIO Office Invested in Ebony, Technicolor http://t.co/ZoZQ79Ka via @BloombergNews

Dell Said to Weigh Buying Quest to Add Computer-Management Tools

bloomberg.com — Dell Inc. (DELL) is in discussions to acquireQuest Software Inc. (QSFT), a maker of tools that help companies manage their computer systems, according to people with knowledge of the matter.
Dominic Chu Markets Reporter, Bloomberg TV, Bloomberg News @The_Domino
RT @Real_MNA: Dell Said To Weigh Buying Quest: http://t.co/kx1fdcG5 <-- Bloomberg scoop by @serenasaitto & @ricadela1 $DELL $QSFT ...
Zachary Tracer Reporter, Bloomberg News @ZTracer
RT @serenasaitto: Scoop:,Dell Weights Buying Quest to Add Computer-Management Tools http://t.co/VzLDZrkk

SAIC Board Approved Transfer of 1% Venture Equity to GM

bloomberg.com — Shanghai Automotive Industry Corp. said it has approved selling back to General Motors Co. (GM) 1 percent ownership in their joint venture for $91.4 million. SAIC disclosed terms of the deal, which included yearly interest of 4.86 percent, today on the Shanghai Stock Exchange website.
Jeff Green Detroit Bureau Chief and Reporter, Bloomberg News @JeffAGreen
SAIC Board Approved Transfer of 1% Venture Equity to GM, ending a three year majority. http://t.co/KYI8UR0T

Curt Schilling’s 38 Studios Strikes Out in Rhode Island

bloomberg.com — Former Boston Red Sox pitching star Curt Schilling's 38 Studios LLC game-making company won't get more financial help from Rhode Island, according to Governor Lincoln Chafee. Providence television station WPRI-TV reported yesterday that the game maker started by Schilling has dismissed its employees, citing an internal memo it had obtained.
Scott Soshnick Sports Reporter, Bloomberg News @soshnick
Curt Schilling strikes out: http://t.co/jZYDPZLr

Bank of China Plans to Apply to Open Branch in Canada

bloomberg.com — Bank of China Ltd., the Asian country's third-biggest lender by assets, plans to open a branch inCanada. The Beijing-based company will do business in Canada under the name Bank of China, Toronto Branch and its principal office will be in Markham, Ontario, according to a notice in the Canada Gazette, the government's official regulatory publication.
Greg Quinn Canada Government and Economy Reporter, Bloomberg News @quinngreg
Bank of China Plans to Apply to Open Branch in Canada http://t.co/ZhT0usis via @BloombergNews

Trending: Inside Story on the Facebook IPO

bloomberg.com — May 25 (Bloomberg) -- Deirdre Bolton talks with Daniel Roth, executive editor at LinkedIn Corp., about this week's top shared stories on the professional networking site. They speak on Bloomberg Television's "InBusiness." (Source: Bloomberg)
Daniel Roth Executive Editor, LinkedIn Today @danroth
Fun hit with @deirdrebolton on BloombergTV about LinkedIn'ers most shared stories, doggy day care, and @hblodget. http://t.co/KHfssHZy

Medtronic Hypertension Burning Seen as Spurring Industry

bloomberg.com — For three decades Gael Lander fought for her life against the same high blood pressure that contributed to her father's fatal heart attack and caused a series of debilitating strokes in her mother. Now Lander's hard-to-treat hypertension is under control, the result of an experimental 20-minute procedure that cauterized nerves near her kidneys that control blood pressure.
Reg Gale Deputy Managing Editor for Health and Science, Bloomberg News @HealthSciReg
High-Blood Pressure a Burning Issue at Medtronic. New hope evolving for struggling device industry? By @FayCortez via http://t.co/4GqEt0a4
Michelle Fay Cortez Health Science Reporter, Bloomberg News @FayCortez
Procedure to reverse hypertension - moving from pills to devices? A big pie with a lot of slices. http://t.co/P9Z1YS2q $MDT $STJ $COV
Kristen Hallam Health Editor, Bloomberg News @kristen_hallam
Medtronic Hypertension Burning Seen as Spurring Industry http://t.co/JS6MQhSX via @BloombergNews by@faycortez

Calpers Must Offer Same-Sex Couples Long-Term Care: Court

bloomberg.com — The California Public Employees' Retirement System, the largest U.S. pension fund, must offer long-term care insurance to same-sex couples and domestic partners, a federal judge ruled. U.S. District Judge Claudia Wilken in Oakland, California, ruling in a state workers' lawsuit, said a federal statute outlawing gay marriage is unconstitutional to the extent that it bars same-sex spouses and domestic partners from enrolling in Calpers's plan.
Esme E. Deprez State and Local Government Reporter, Bloomberg BusinessWeek @esmedeprez
federal judge rules CALPERS, largest U.S. pension fund, must offer LT care insurance to same-sex couples: http://t.co/pdmENdZ5 #ssm #lgbt

Dell Said Close to Buying Quest for Computer-Management

bloomberg.com — Dell Inc. (DELL) is in advanced discussions to acquireQuest Software Inc. (QSFT), a maker of tools that help companies manage their computer systems, according to a person with knowledge of the matter. An agreement could be announced as soon as this weekend, said the person, who declined to be named because the talks are private.
Sarah Rabil Mergers and Acquisitions Editor, Bloomberg News @srabil
Here's link to her scoop http://t.co/dWcj6VTX RT @serenasaitto $DELL could buy $QSFT as early as this weekend, one of my sources tells me

Junk-Fund Outflows Reach Highest Since August Amid Europe Unease

bloomberg.com — Investors pulled $3.05 billion from junk-bond funds globally in the week ended May 23, the most since August, as a worsening political crisis in Greece roiled credit markets. U.S. funds recorded the most outflows, with $1.97 billion pulled from funds that buy speculative-grade debt, according to Cambridge, Massachusetts-based EPFR Global.
Zachary Tracer Reporter, Bloomberg News @ZTracer
Junk bond fund outflows reach highest level since August amid Europe unease http://t.co/MbfJEFa7 via @BloombergNews

Half of Detroit’s Streetlights May Go Out as City Shrinks

bloomberg.com — Detroit, whose 139 square miles contain 60 percent fewer residents than in 1950, will try to nudge them into a smaller living space by eliminating nearly half its streetlights. As it is, 40 percent of the 88,000 streetlights are broken and the city, whose finances are to be overseen by an appointed board, can't afford to fix them.
Will Kennedy Energy Policy Editor, Bloomberg News @kennedy_will
Detroit, America's disappearing city, plans to put out half its street lights http://t.co/GNxUcMhG
Kate Mackenzie Asia Correspondent, Financial Times @kmac
Creepy racist comments on this story about Detroit street lighting even more depressing than the story itself http://t.co/LL6gwQ2o
Robert MacMillan Editor, Global Editions, Reuters.com, Reuters @bobbymacReports
RT @dseetharaman: Half of Detroit’s Streetlights May Go Out as City Shrinks http://t.co/m2FM3t6p
David Shepardson Washington Bureau Chief, Detroit News @davidshepardson
Detroit may eliminate nearly half of its streetlights http://t.co/OKWHxuxO
Rob Urban Managing Editor, Bloomberg News @roburban
Half of Detroit’s Streetlights May Go Out as City Shrinks http://t.co/k6yEjIfT via @BloombergNews
Show 8 more tweets from Mark W. Smith, Julie Bykowicz, Justin Fenton, Lori Ann LaRocco, Jesse Rodriguez, Ryan McCarthy, Bill Mitchell, Jeff Green

Economic Edge: Greece and The Euro

bloomberg.com — May 25 (Bloomberg) -- Linda Yueh hosts Economic Edge with Terry Smith, CEO of Tullett Prebon, Anatole Kaletsky, Founder of Gavekal, Megan Greene, Senior Economist at Roubini Global Economics LLC and James Nixon, Chief Economist at Societe Generale. (Source: Bloomberg)
Linda Yueh Economics Editor, Bloomberg TV, Bloomberg News @lindayueh
For those of you kindly asking: Economic Edge @BloombergTV can be watched here: http://t.co/i3oXW7Af Tune in next Fri for #EconEdge 16:30BST

Cameron Defends Hunt Over News Corp. as Aide Blamed Over Links

bloomberg.com — Prime Minister David Cameron defended his December 2010 decision to put Culture Secretary Jeremy Hunt in charge of reviewingNews Corp. (NWSA)'s bid for British Sky Broadcasting Group Plc (BSY), rejecting accusations of partiality. The U.K.'s media-ethics inquiry heard in London yesterday that Hunt had written Cameron a memo a month earlier arguing that if the deal was blocked, "our media sector will suffer for years."
Robert Hutton Parliament Reporter, Bloomberg News @RobDotHutton
Leveson wrap-up: Craig Oliver's dinner in the wake of the Dowler story, Jeremy Hunt's Gmail account: http://t.co/yBiWtniS via @BloombergNews

Teenagers Watch Family Explode After Parents Botch Heist: Books

bloomberg.com — Richard Ford opens "Canada" with a spoiler: "First, I'll tell about the robbery our parents committed. Then about the murders, which happened later." Those sentences immediately signal that, whatever its subject, this isn't going to be a suspense novel. The first section of "Canada" unfolds in Great Falls, Montana, in the late spring and summer of 1960.
Laurie Muchnick Book Review Editor, Bloomberg News @lauriemuchnick
Richard Ford opens "Canada" with a spoiler. Craig Seligman makes me want to read it anyway. http://t.co/iI4kslOD via @BloombergMuse

What I Learned on My Junket to China

bloomberg.com — China Daily, the largest English- language newspaper in China, carried a front-page headline last week: "Village Gratitude Shows Integrity of Task." Not clear what that's about, and the opening sentence isn't much help: "On a hot afternoon, Zhou Yi picked up a bag of freshly boiled eggs that had been left on the doorstep of the committee office in Chaqulak village in the Xinjiang Uygur autonomous region."
David Wilson Columnist, Bloomberg News @TheOneDave
Find out what Michael Kinsley learned on an eight-day junket to China: http://t.co/UwXhQBV1 via @BloombergView
Roben Farzad Senior Writer, Bloomberg BusinessWeek @robenfarzad
"Chinese," writes Kinsley, "still ruled by regime that killed millions in defense of philosophy it no longer believes" http://t.co/FQW9tM6A
Blake Hounshell Managing Editor, Foreign Policy Magazine @blakehounshell
RT @davidjshipley: Mike Kinsley goes to China, learns all http://t.co/QoKJaBrn via @BloombergView
Kathleen McLaughlin Freelance Journalist @kemc
Michael Kinsley spends four paragraphs trying to decipher a China Daily item. And still doesn't quite get it http://t.co/WFbzTgAj
Stan Yee Asia Editor and Producer, Bloomberg.com, Bloomberg News @stanyee
What I Learned on My Junket to China by @michaelkinsley http://t.co/LMRh6ohG via @BloombergView

Thomas H. Lee’s Schoen Leaves Buyout Firm After 26 Years

bloomberg.com — Scott Schoen, who helped lead private-equity firm Thomas H. Lee Partners LP from 2003 to 2009 as co-president and has since served as vice chairman, stepped down from the firm earlier this month. Schoen, who joined Boston-based Thomas H. Lee in 1986, will remain an adviser to the firm and a board member of portfolio companies Acosta Inc.
Devin Banerjee Deals Reporter, Bloomberg News @devinbanerjee
Scott #Schoen, former Thomas H. Lee Partners co-president, leaves the firm after 26 years - http://t.co/xru6RKux

Groupon Said to Test Card Reader Challenging EBay’s PayPal

bloomberg.com — Groupon Inc., the largest daily coupon website, is testing a credit card-reader for merchants that could vie with similar devices offered by Square Inc. and EBay's PayPal Inc., a person with knowledge of the matter said.
Doug MacMillan Technology Writer, Bloomberg BusinessWeek @dmac1
New on @BloombergNews: Groupon said to test credit card reader to compete with Square & PayPal http://t.co/ckfbOIuH

Chesapeake Conflict of Interest Seen in Thunder Playoffs

bloomberg.com — Chesapeake Energy Corp. (CHK), whose top executive invested in the Oklahoma City Thunder, almost doubled its spending on the professional basketball team during the past four years buying tickets, luxury box seats and naming rights for the home arena.
Eric Roston Sustainability Editor, Bloomberg News @eroston
RT @BNSustain: Chesapeake Conflict Of Interest Seen In Relationship to Oklahoma City Thunder http://t.co/6Tb9n3bB

Dimon Adds Talent to New York Fed Board, Allstate’s Wilson Says

bloomberg.com — JPMorgan Chase & Co. (JPM) Chief Executive OfficerJamie Dimon adds insight to the Federal Reserve Bank ofNew York board, said Tom Wilson, the Allstate Corp. CEO who previously was a director at the Chicago district bank.
Becky Yerak Financial Services Reporter, Chicago Tribune @beckyyerak
.@Allstate CEO Wilson (a former Fed director) said Chase's Dimon should stay on New York Fed board: http://t.co/wwIXm3tq via @bloomberg

South Africa, Australia Host Alien-Seeking Telescope Complex

bloomberg.com — South Africa and Australia will share theSquare Kilometer Array, a project that that will see the construction of the world's biggest radio telescope complex and may reveal whether there is life beyond earth. The member countries of the group organizing the project unanimously decided that both of the shortlisted candidate nations should host the project.
Flavia Jackson U.N. Corresponent, Bloomberg News @flaviajackson
South Africa, Australia Host Alien-Seeking Telescope Complex http://t.co/FtlKaE0E via @BloombergNews

Tempur-Pedic Shares Jump as Mattress Sales Rise: Atlanta Mover

bloomberg.com — Tempur-Pedic International Inc. (TPX) shares rose as much as 7.9 percent after a survey by the International Sleep Products Association reported U.S. sales for mattresses surged in April. Lexington, Kentucky based Tempur-Pedic International, which got two thirds of its sales from mattresses in 2011, advanced $2.75, or 5.8 percent, to $49.85 at 11:33 a.m.
Steve Matthews U.S. Economy and Federal Reserve Reporter, Bloomberg News @SteveMatthews12
Economy putting you to sleep? Mattress sales are booming http://t.co/ZwOrwA4w $TPX $SCSS $ZZ #Sleep

New York Thruway Bonds Suffer With New Toll Bridge Cost

bloomberg.com — New York Thruway Authority bonds are slumping the most in at least a year as the operator of the longest U.S. toll road faces a potential downgrade and prepares to finance the biggest project in its 62-year history.
Erik Wemple Editor, Washington City Paper @ErikWemple
RT @FKlopott: NY Thruway Authority risks a downgrade if it doesn't raise tolls http://t.co/7UJPO5zV

NetApp Investigated by U.S. on Syria Surveillance System Sale

bloomberg.com — U.S. regulators are investigating how a multi-million-dollar storage system from NetApp Inc. (NTAP) came to underpin a sweeping Internet-surveillance system being built last year for the Syrian regime of President Bashar al-Assad. The U.S. Department of Commerce's Bureau of Industry and Security is conducting the probe, according to department spokesman Eugene Cottilli.
Flavia Jackson U.N. Corresponent, Bloomberg News @flaviajackson
NetApp Investigated by U.S. on Syria Surveillance System Sale http://t.co/ttvJ5eYG via @BloombergNews

How Super-PACs Will Keep the Campaign Clean

bloomberg.com — More about Jonathan Alter Strangely enough, the 2012 presidential campaign, expected to be the dirtiest in modern memory, may end up being relatively clean. That's because both sides agree that the economy is the central issue and that sideshows like the Reverend Jeremiah Wright aren't persuasive for voters.
Paul Blumenthal Fundrace Editor, Huffington Post @PaulBlu
This is pretty naive and ignores some important history about Larry McCarthy and others: http://t.co/BAGpZZPG

Obama, Romney Engaged 'Forward'

go.bloomberg.com — At the traditional, if not the solar, start of summer, it's getting hot on the trail. President Barack Obama, who was campaigning for reelection last night at the Iowa State Fairgrounds, is attempting to brand his opponent as a bad investment. The State Fair is where Republican rival Mitt Romney asserted last summer that "corporations are people."
Lauren Vicary Political Editor, Bloomberg.com, Bloomberg News @LVicary
Obama vs. Romney: Let the battle of the brands begin @newsmansilva http://t.co/TVqPTKD6

Glaxo Diabetes Drug Data Revealed Amid Hostile Takeover

bloomberg.com — GlaxoSmithKline Plc (GSK) will reveal detailed results today on an experimental treatment for diabetes that's part of the reason for a $2.6 billion hostile takeover bid forHuman Genome Sciences Inc. (HGSI), its partner on the drug.
Lucy P. Marcus Columnist, Reuters @lucymarcus
Glaxo Diabetes Drug Data Revealed Amid Hostile Takeover, Bloomberg http://t.co/Vlpdg6w4 #pharma
Kristen Hallam Health Editor, Bloomberg News @kristen_hallam
Glaxo Diabetes Drug Data Revealed Amid Hostile Takeover http://t.co/pZZUD77j via @BloombergNews $GSK $HGSI

Deutsche Bank’s Fitschen Says Failed Greek State Lacks Leaders

bloomberg.com — Greece is a "failed state" and the population and business community don't see a path out of the crisis, said Juergen Fitschen, Deutsche Bank AG (DBK)'s designated co- chief executive officer.
Rupert Neate Business Reporter, Guardian @RupertNeate
RT @RichardBlackden The incoming co-head of Deutsche Bank calls Greece a 'failed state.' Ouch http://t.co/pbwXYmU2

Bloomberg

Adam Johnson Markets Reporter, Bloomberg News @AJInsight
Gas prices around the world... eye opening http://t.co/z7RVk5XX

Air France Slims European Business Into Three Units to Cut Costs

bloomberg.com — Air France (AF) plans to slim down its European business into three units in a push to slash costs at the perennially unprofitable short-haul operation. Brit Air, Regional and Airlinair, which serve smaller cities, will become a single division, while a leisure arm will be established around discount unit Transavia and Air France's own short-haul brand will introduce a new no-frills class.
Alex Webb European Transport Reporter, Bloomberg News @atbwebb
Yesterday's scoop from @mrosemain Air France Slims European Business Into Three Units to Cut Costs http://t.co/ug21BFaD

Airbus Pitches Wider Seats for Overweight Passengers in the U.S.

bloomberg.com — Airbus SAS, seeking an edge over Boeing Co. (BA) in the contest to supply single-aisle planes to U.S. carriers, has begun pitching a version of its A320s with wider aisle seats that airlines can market for additional revenue. The planemaker has begun talking to several U.S.
Andrea Rothman Aerospace Reporter, Bloomberg News @AEROisme
Airbus Pitches Wider Seats for Overweight Passengers in the U.S. http://t.co/TyVuUzSv via @BloombergNews

$300,000 Is the Price of Admission to This Club: Scott Soshnick

bloomberg.com — June 12 (Bloomberg) -- So you think you're a die-hard sports fan? A real insider. Well, just because you're a regular on the sports-talk radio scene, capable of reciting statistics from memory, doesn't make you a member of the club.
Scott Soshnick Sports Reporter, Bloomberg News @soshnick
GQ following Jim Goldstein, who I wrote about years ago: http://t.co/5CeIOvIc

Malaysian Airline Fits A380s With Widest Seats in the Sky

bloomberg.com — Malaysian Airline System Bhd. (MAS) has taken a 5-inch lead over Singapore Airlines Ltd. That's how much wider the carrier's first-class seats will be than Singapore Air's when it starts flying the Airbus SAS A380 in July. In total, passengers will have more space than on a single-bed mattress, with seats measuring 40 inches by 87 inches.
Andrea Rothman Aerospace Reporter, Bloomberg News @AEROisme
Malaysian Airline Fits A380s With Widest Seats in the Sky http://t.co/ES2qXIzz via @BloombergNews

AirAsia’s Fernandes to Move to Jakarta as Airline Expands

bloomberg.com — AirAsia (AIRA) Bhd. Chief Executive OfficerTony Fernandes, one of Malaysia's most successful businessmen, said he's moving to live in Jakarta to help accelerate the regional expansion of Asia's biggest budget carrier. Fernandes has steered AirAsia's growth from a two-plane operation to 110 aircraft in just over a decade, overtaking Malaysian Airline Systems Bhd.
Andrea Rothman Aerospace Reporter, Bloomberg News @AEROisme
AirAsia’s Fernandes to Move to Jakarta as Airline Expands http://t.co/kuSMGBjA via @BloombergNews

Bloomberg Blog

inside.bloomberg.com — Bloomberg.com has a redesigned "breaking news" module, complete with a Tweet button. Now, the second a story breaks, you have the ability to share it with your network. It's a given: Social media has changed the way the world gets its news. Chances are, by the time you've read a...
Prashant Rao Baghdad Bureau Chief, AFP @prashantrao
RT @ptaillandier: On Bloomberg, the second a story breaks, you can now share it on Twitter http://t.co/s2NsT41f #newsagencies (HT @EricS ...

Egypt Islamist, Mubarak Aide Lead Vote Count for Presidency

bloomberg.com — Egypt's Muslim Brotherhood said its candidate Mohamed Mursi is ahead in Egypt's first presidential election since the overthrow of Hosni Mubarak last year. Mursi won 31 percent of 10 million votes counted at just over half the country's 13,100 polling stations, the group said on its website.
Flavia Jackson U.N. Corresponent, Bloomberg News @flaviajackson
Egypt Islamist, Mubarak Aide Lead Vote Count for Presidency http://t.co/Qx0pQqnb via @BloombergNews

Obama Rallies Base in Iowa With Attack on Romney Record

bloomberg.com — President Barack Obama accused Mitt Romney of trying to return to policies that crippled the U.S. economy as he renewed an appeal from his 2008 campaign for the nation to "come together around a common purpose."
Michael Tackett Managing Editor, Washington, Bloomberg News @tackettdc
From the dept. of barnyard epithets. Obama tosses "cow pie" comment at Romney http://t.co/NkRRWlj8 #2012

Romney Struggles to Steal Bush’s Education Playbook

bloomberg.com — Mitt Romney is adapting a hallmark of former PresidentGeorge W. Bush's general election strategy, focusing on education as a civil rights issue to broaden his appeal for a wider audience. A day after releasing new education initiatives, the presumptive Republican presidential nominee took his campaign bus into the heart of urban Philadelphia to tour a charter school in the city's economically impoverished western side.
Michael Tackett Managing Editor, Washington, Bloomberg News @tackettdc
No candidate left behind. @llerer on Romney struggle to steal Bush’s education playbook http://t.co/7alWdu4K #2012

Lehman to Pay Banks $1.6 Billion for Rest of Archstone

bloomberg.com — Lehman Brothers Holdings Inc. reached a deal to buy the rest of apartment owner Archstone for almost $1.6 billion from Bank of America Corp. and Barclays Plc (BARC), ending a dispute with the banks over the price, a person familiar with the matter said.
David Levitt Commercial Real Estate Reporter, Bloomberg News @dmlevitt
#Lehman (yeah theyre still around) locks down #Archstone, thwarting #SamZell's #EQR Apt profits 2 go 2 creditors #CRE http://t.co/KHt3WitX

China Complains at WTO Over U.S. Over Anti-Subsidy Measures

bloomberg.com — China said it lodged a complaint at theWorld Trade Organization over U.S. anti-subsidy duties affecting $7.3 billion of Chinese products such as solar panels, thermal paper and steel sinks. During probes to determine whether Chinese companies received illegal government aid, the U.S.
Jennifer Freedman Reporter and Editor, Bloomberg News @americlogs
TRADE WAR HEATING UP? China Complains at WTO Over U.S. Over Anti-Subsidy Measures http://t.co/Q3a4TNOx via @BloombergNews

European Union Challenges Argentina’s Import Curbs at WTO

bloomberg.com — The European Union challenged Argentine import restrictions at the World Trade Organization, highlighting EU anger over the separate issue ofArgentina's takeover of a unit of Spanish oil companyRepsol YPF SA.
Jennifer Freedman Reporter and Editor, Bloomberg News @americlogs
European Union Challenges Argentina’s Import Curbs at WTO http://t.co/f62Ti7Sn via @BloombergNews

Dell Said to Mull Buying Quest for Computer-Management Tools- Bloomberg

Jon Erlichman TV Reporter, Bloomberg News @JonErlichman
Quest Software up 4.5% after @BloombergNews reports Dell may buy the maker of computer mgmt tools http://t.co/2mMUMOF1 $QSFT $DELL

For Sale: Million-Dollar Summer Homes

bloomberg.com — May 25 (Bloomberg) -- Bloomberg's Gigi Stone reports on the luxury real estate market. (Source: Bloomberg)
Alyssa Zahler Associate Producer, Bloomberg TV, Bloomberg News @AZahler
If you're in the market for a million-dollar summer pad or if you are like me and just like to gawk... @BloombergTV http://t.co/mpwXqejo

Vanguard Closes High-Yield Bond Fund to New Investors

bloomberg.com — Vanguard Group Inc. has closed a $16.9 billion high-yield bond fund to most new investors as a surge in deposits threaten the ability of the world's biggest mutual-fund provider to effectively invest in the debt.
Shannon Harrington Corporate Finance Editor, Bloomberg News @sharrington_
Rather than buying junkier bonds amid declining issuance, two managers shut the doors to their funds http://t.co/6KqOFZYG

Kidman Seduces Jailed Killer in Erotic ‘Paperboy’

bloomberg.com — Life spectacularly overtook art at the Cannes Film Festival yesterday, as the director of an erotic thriller starringNicole Kidman confessed that the movie was, in some ways, his own story. "The Paperboy" -- by Lee Daniels, the Oscar-nominated director of "Precious" -- shows a death-row inmate (John Cusack) getting sudden attention from a blond bombshell (Kidman) and a diligent reporter (Matthew McConaughey) in a small Florida town in 1969.
Farah Nayeri Arts and Culture Reporter, Bloomberg News @fnayeri
RT @BloombergMuse: Kidman seduces jailed killer in erotic ‘Paperboy’ | http://t.co/9loZTue9 (by @fnayeri)
Farah Nayeri Arts and Culture Reporter, Bloomberg News @fnayeri
Kidman Seduces Jailed Killer in Erotic ‘Paperboy’ http://t.co/1KXW7GZA via @BloombergNews

Fox, NBC, CBS Sue Dish Network Over Ad-Skipping Auto Hop

bloomberg.com — News Corp. (NWSA)'s Fox Broadcasting Co.,Comcast Corp. (CMCSA)'s NBCUniversal and CBS Corp. (CBS) sued Dish Network Corp. (DISH), alleging that their copyrights are infringed by Dish's PrimeTime Anytime video-on-demand service that allows viewers to watch network programs commercial-free.
Francine Lacqua Anchor, Bloomberg TV, Bloomberg News @flacqua
Fox, NBC, CBS sue dish network over ad-skipping auto hop http://t.co/kO2Xs3rp

Hey, Germany: You Got a Bailout, Too

bloomberg.com — In the millions of words written about Europe's debt crisis, Germany is typically cast as the responsible adult and Greece as the profligate child. Prudent Germany, the narrative goes, is loath to bail out freeloading Greece, which borrowed more than it could afford and now must suffer the consequences.
Will Kennedy Energy Policy Editor, Bloomberg News @kennedy_will
RT @BloombergView: Hey, Germany: You got a bailout, too | http://t.co/PuRynbUp
Terence Corcoran Editor, Financial Post, National Post @terencecorcoran
Here's something to mull over. Equivalence? RT @BloombergView Hey, Germany: You got a bailout, too | http://t.co/QFa9g7Io
Faisal Islam Economics Editor, Channel 4 News @faisalislam
isn't the fall in govt funding costs the more relevant metric? “@BloombergView: Hey, Germany: You got a bailout, too http://t.co/cSE6xOpP
Stacey Shick Samuels Bloomberg View Editor, Bloomberg News @staceyssamuels
.@BloombergView is still all over the European debt crisis. The history: http://t.co/dgv5q9et | A new perspective: http://t.co/C6FmMrC6
Justin Lahart Economics Reporter, Wall Street Journal @jdlahart
A great column: Hey, Germany: You Got a Bailout, Too http://t.co/PBJjyI4h
Show 4 more tweets from Paula Dwyer, Deborah Solomon, Theo Francis, Bob Ivry

Canada Bank Earnings May Be ‘as Good as it Gets’

bloomberg.com — For Canadian banks, ranked the world's soundest, it may not get any better than this. Domestic banking profit growth will slow in the second half of the year as household debt rises and concerns about a crisis inEurope curb demand for loans, even as some of the lenders report better-than-expected second-quarter earnings.
Sean B. Pasternak Financial Services Reporter, Bloomberg News @seanbpasternak
Canada Bank Earnings May Be ‘as Good as it Gets’ - Bloomberg via @BloombergNow http://t.co/hPs0Pz47

DBS-Danamon Deal Seen Imperiled by Ownership Rules: Real M&A

bloomberg.com — Southeast Asia's largest banking takeover is turning into the emerging-market deal that traders bet is the most likely to unravel, asIndonesia considers restricting foreign ownership of its lenders. Shares of Jakarta-based PT Bank Danamon Indonesia (BDMN) closed yesterday 21 percent below a 7,000 rupiah per share offer fromSingapore's DBS Group Holdings Ltd.
Tara Lachapelle Mergers and Acquisitions Columnist, Bloomberg News @taralach
RT @Real_MNA: Today's Real M&A out of Asia--> DBS-Danamon Deal Seen Imperiled By Ownership Rules: http://t.co/rA7v1Lhc #mna #sing ...

Delphi Negotiating to Buy Unit From Bain for $957 Million

bloomberg.com — Delphi Automotive Plc (DLPH), the former parts unit of General Motors Co., said today it is in "exclusive talks" to acquire a unit of FCI Group fromBain Capital for about 764 million euro ($958 million). Delphi said the acquisition of the unit, which makes electrical connectors, should add 24 cents per share to 2013 earnings, excluding acquisition-related costs.
Jeff Green Detroit Bureau Chief and Reporter, Bloomberg News @JeffAGreen
Mark Clother explains how Delphi's $957 Mln acquisition signals an interest in additional MNA. http://t.co/hZRNT7G4

FIFA Establishes $75 Million Insurance Fund for Soccer Players

bloomberg.com — Soccer's governing body set up an insurance policy to pay clubs a maximum annual payout of $9.7 million per player injured while on national team duty. FIFA has committed $75 million for the policy, which can pay as much as $91 million. It begins in September and expires at the end of 2014.
Tariq Panja Soccer Writer, Bloomberg News @tariqpanja
FIFA Establishes $75 Million Insurance Fund for Soccer Players http://t.co/U0Ekkhsl via @BloombergNews

Bloomberg Television Europe: Live TV from Europe

bloomberg.com — Watch Bloomberg TV Europe online, the free 24-hour business & financial live television network. Get charts, news and stock quotes in real time from Europe.
Linda Yueh Economics Editor, Bloomberg TV, Bloomberg News @lindayueh
RT @BloombergTVWrld: Watch @lindayueh on the first #EconEdge live 1630BST @BloombergTVWrld or http://t.co/AxeycUY7
Linda Yueh Economics Editor, Bloomberg TV, Bloomberg News @lindayueh
Thank you @DGWilkinson & please note that you can watch #EconEdge online live at http://t.co/TwpNRbGF @BloombergTVWrld

Merkel May Be Persuaded on Euro Debt-Sharing Compromise

bloomberg.com — Chancellor Angela Merkel left open a potential compromise on debt sharing in the euro area as Italian Prime MinisterMario Monti said he can help bring Germany round to acting in Europe's "common good." Merkel's veto on allowing Germany to underwrite joint debt issuance in the 17-nation euro region is under fire from her international partners as well as the domestic opposition.
Yalman Onaran Senior Finance Writer, Bloomberg News @Yalman_BN
Is #Germany softening on opposition to joint euro-zone bonds? http://t.co/cvbcAnR8 That would mean Germany paying for some cost of euro mess

Facebook Investor Spending Month’s Salary Exposes Hype

bloomberg.com — Ryan Cefalu, who lives with his wife and two kids in Baton Rouge, Louisiana, saw in Facebook Inc. (FB)'s much-anticipated initial public offering a chance to buffer his retirement fund. His expectations fizzled along with the stock within the first minutes oftrading.
Ryan Chittum Staff Writer, Columbia Journalism Review @ryanchittum
almost painful to read about retail investors who got suckered into the Facebook hype on Friday: http://t.co/zdJAZR3V nice Bloomberg piece
Chrystia Freeland Global Editor-at-Large, Reuters @cafreeland
RT @counterparties: Reminder: spending a month's salary on an IPO is always a bad idea http://t.co/rmLa6wgE
Lucy P. Marcus Columnist, Reuters @lucymarcus
Facebook Investor Spending Month’s Salary Exposes Hype: "Oh god, should I bail or is it going to come back?" Bloomberg http://t.co/Y8SyhBth
Ted Fine Executive Producer, Bloomberg TV, Bloomberg News @tedfinetv
Regular guys lament buying Facebook. Some lessons for the rest of us. Investor Spending Month’s Salary Exposes Hype http://t.co/kgw2dE4F
Mike Dorning White House Correspondent, Bloomberg News @MikeDorning
A month's salary spent on Facebook Investment...Tales of the IPO Hype, per Bloomberg http://t.co/yuagk1KG
Show 5 more tweets from Zachary Tracer, Julie Bykowicz, Sarah Frier, Joe Giannone, Suzanne Woolley

India’s Growth De-Rated as Rupee Constrains Subbarao: Economy

bloomberg.com — The Reserve Bank of India will take the required steps to curb swings in the rupee'sexchange rate, Governor Duvvuri Subbarao said. The currency extended a recovery from a record low. "We will do whatever is necessary, consistent with our policy," Subbarao said in response to questions from reporters yesterday in Mussoorie in the northern Indian state of Uttarakhand.
Stan Yee Asia Editor and Producer, Bloomberg.com, Bloomberg News @stanyee
India’s Growth De-Rated as Rupee Constrains Subbarao http://t.co/qCUqszBp via @BloombergNews

Buffett Says Free News Is Unsustainable, May Buy More Papers

bloomberg.com — Warren Buffett, whose Berkshire Hathaway Inc. (BRK/A) struck a deal this month to acquire 63 newspapers, said he may buy more publications as the industry rethinks whether to offer free content on the Internet.
Steve Matthews U.S. Economy and Federal Reserve Reporter, Bloomberg News @SteveMatthews12
Warren Buffett says free news is unsustainable, may buy more #newspapers http://t.co/rk6v8hHo $MNI $GCI $NYT $MEG $WPO
Stephanie Ditta Social Media Editor, Reuters @stephditta
Buffett Says Free News Unsustainable, May Add More Papers http://t.co/rkLPW09E
Zachary Tracer Reporter, Bloomberg News @ZTracer
Warren Buffett likes community newspapers, may buy more: http://t.co/zqwIZO5G
Stephen Foley Associate Business Editor, Independent @stephenfoley
Buffett shows faith in business of newspapers. But he's leaving it to others to work out how to make money http://t.co/N47KQ1KR
Zachary Tracer Reporter, Bloomberg News @ZTracer
Warren Buffett wants to buy more newspapers: http://t.co/zqwIZO5G
Show 1 more tweet from Stacey Shick Samuels

JPMorgan Makes Groupon’s Disclosures Look Good

bloomberg.com — More about Jonathan Weil Who are you going to believe? Jamie Dimon? Or your own eyes? With the benefit of hindsight, anyone can see there must have been something amiss with the way JPMorgan Chase & Co. (JPM) put together some of the disclosures for its first-quarterearnings release on April 13.
Herb Greenberg Senior Stocks Commentator, CNBC @herbgreenberg
RT @footnoted: Great Jon Weil story on $JPM's disclosures in their recent Q http://t.co/LgMZOw49
Jonathan Weil Financial Columnist, Bloomberg View, Bloomberg News @JonathanWeil
Who are you going to believe? Jamie Dimon? Or your own eyes? Check out my latest BView column here: http://t.co/LBImueYE via @BloombergView
Jonathan Weil Financial Columnist, Bloomberg View, Bloomberg News @JonathanWeil
JPMorgan's says its disclosure controls were "effective." Really??? Read more here: http://t.co/LBImueYE via @BloombergView
Jonathan Weil Financial Columnist, Bloomberg View, Bloomberg News @JonathanWeil
JPMorgan Makes Even Groupon’s Disclosures Look Good by Comparison ...... Read my latest column here: http://t.co/LBImueYE via @BloombergView

Hollande Gets A-Minus on Promise to Women on Egalite in Power

bloomberg.com — French President Francois Hollande promised gender parity in his government and better access to power for women. He kept his word, sort of. Europe's second-largest economy now has an equal number of men and women in its cabinet of ministers for the first time.
Francine Lacqua Anchor, Bloomberg TV, Bloomberg News @flacqua
Hollande gets A-Minus on promise to women on Egalite in power http://t.co/KbYc0pus

Fiat Open to More Product Sharing With Mazda, CEO Says

bloomberg.com — Fiat SpA (F) is willing to team up withMazda Motor Corp. (7261) on models and engines beyond a roadster that the automakers plan to build together, Chief Executive OfficerSergio Marchionne said.
Jeff Green Detroit Bureau Chief and Reporter, Bloomberg News @JeffAGreen
Craig Trudell shows how a Fiat-Mazda plan to develop a sports car may spread to cooperation on other models. http://t.co/ujk7Li1d

Bubble in Austerity Shows Europe Is Ignoring 1997

bloomberg.com — As Greece burns, European officials fiddle and Asia braces for another global crisis, my thoughts are on Thailand. This summer marks the 15th anniversary of the baht devaluation that ignited one of history's worst meltdowns. Thailand's plunge ricocheted from Indonesia to South Korea to Malaysia before heading west.
Stan Yee Asia Editor and Producer, Bloomberg.com, Bloomberg News @stanyee
Europe should remember the baht collapse of '97 says @WilliamPesek | Bubble in Austerity Shows Europe Ignoring 1997 http://t.co/QCGTzXZx
William Pesek Columnist, Bloomberg News @WilliamPesek
Bubble in Austerity Shows Europe Is Ignoring 1997: William Pesek http://t.co/hd42PrKm

EDF Chief Proglio Rejects Suggestions Hollande May Seek Ouster

bloomberg.com — Electricite de France SA Chief Executive OfficerHenri Proglio dismissed suggestions that his future at the world's biggest nuclear operator is in doubt, saying he sees his position as "eternal." "I don't get the impression EDF is a company in difficulty or that its management is being questioned," Proglio, 62, said yesterday after the state-controlled company's annual general meeting in Paris.
Will Kennedy Energy Policy Editor, Bloomberg News @kennedy_will
EDF chief Proglio says he's going nowhere after Hollande victory | http://t.co/4R80rfZa via

Don’t Let Polio, Nearly Dead and Gone, Come Back to Life

bloomberg.com — Nothing demonstrates human interconnectedness like the spread of infectious disease. Polio is now endemic to just three countries: Afghanistan, Nigeria and Pakistan. In recent years, visitors have carried it back to 39 previously polio-free states. Thus people everywhere have a stake in eradicating polio, as we have stamped out smallpox.
Kristen Hallam Health Editor, Bloomberg News @kristen_hallam
Don’t Let Polio, Nearly Dead and Gone, Come Back to Life http://t.co/JapVgBwC via @BloombergView

Economy Watch: Italian Retail, Michigan Confidence

bloomberg.com — May 25 (Bloomberg) -- Linda Yueh on the most important economic data for today including Italian retail sales and Chinese industrial profits. (Source: Bloomberg)
Linda Yueh Economics Editor, Bloomberg TV, Bloomberg News @lindayueh
#EconWatch Friday My take on the key econ data: Italy retail sales, US Univ of Michigan confidence http://t.co/JUHeHZNX @BloombergTVWrld

India Plays Catch-Up on Myanmar as China, South Korea Rush In

bloomberg.com — Prime Minister Manmohan Singh seeks to make up lost ground in the charge to secure resources and business ties in Myanmar when he next week becomes India's first leader to visit its eastern neighbor in a quarter of a century.
Flavia Jackson U.N. Corresponent, Bloomberg News @flaviajackson
India Plays Catch-Up on Myanmar as China, South Korea Rush In http://t.co/aETKfH1V via @BloombergNews
Stan Yee Asia Editor and Producer, Bloomberg.com, Bloomberg News @stanyee
India being "left behind" on "gold rush" of Myanmar investments as China, SKorea have already pledged $3B http://t.co/VDMpd0m1

Eurovision Could Prompt Azerbaijan to Change Tune

bloomberg.com — The thousands of Europeans who descended on Azerbaijan this week for tomorrow's finals of theEurovision Song Contest are likely to suffer from one of two common caricatures of the host country. Those who know Azerbaijan mainly from elegant commercials on CNN will see in the capital, Baku, a city booming on the fruits of oil wealth and graced with a stunning promenade along a turquoise sea.
Owen Thomas Anchor, Bloomberg TV, Bloomberg News @OwenThomasTV
As #Spain #eurovision entrant worries how the country wd pay to stage it next yr, why #azerbaijan cd change its tune. http://t.co/me342pZl

Grandfather’s Millions Make Paul Fan a Political Player

bloomberg.com — John Ramsey became old enough to buy a Carlsberg nine months ago. The 21-year-old college student from east Texas isn't old enough to serve in Congress. His intellectual role model, U.S. Texas Representative Ron Paul, has been in Congress 22 years -- longer than Ramsey has been alive.
Michael Tackett Managing Editor, Washington, Bloomberg News @tackettdc
ICYMI: Great read by @greggirous on another one-man SuperPac. They grow 'em young now. http://t.co/OQXfPhos #2012
Greg Giroux Analyst and Reporter, Bloomberg News @greggiroux
John Ramsey, 21, told me in KY that $1.3mln+ he's given to his Super PAC is "investment in humanity" http://t.co/yuB3tVsj
Mike Dorning White House Correspondent, Bloomberg News @MikeDorning
The youngest SuperPAC: Now old enough to drink, college student-heir brankrolls campaigns, by @greggiroux http://t.co/z5vJkdLs #2012
Julie Davis Congressional Reporter, Bloomberg News @juliehdavis
Great profile by @greggiroux of 21-yr-old banking heir whose Ron Paul-inspired superpac just backed 1st winner http://t.co/sIheDohO #2012
Kate Andersen Brower White House Reporter, Bloomberg News @katebrower
You won't see this story anywhere else: Grandfather’s Millions Make Paul Fan a Political Player http://t.co/YTg0yLj2 via @BloombergNews
Show 3 more tweets from Greg Giroux, Julie Bykowicz, Suzanne Woolley

Singapore Production Unexpectedly Declines on Electronics, Drugs

bloomberg.com — Singapore's industrial production unexpectedly fell for the third time in four months in April as manufacturers cut output of electronics and pharmaceuticals. Manufacturing dropped 0.3 percent from a year earlier after a revised 3.1 percent decline in March, the Economic Development Board said today.
Linda Yueh Economics Editor, Bloomberg TV, Bloomberg News @lindayueh
#Singapore Production Unexpectedly Declines -0.3% for 3rd time in 4 months on Electronics, Drugs http://t.co/4qEPL5iu via @BloombergNews

Vietnam 2012 GDP Growth May Be 5.6% to 5.8%, Premier Dung Says

bloomberg.com — Vietnam's economy may expand 5.6 percent to 5.8 percent this year, Prime Minister Nguyen Tan Dung said at a meeting with the World Bank yesterday, according to a posting on the government website. In December Dung said that growth for 2012 was targeted at about 6 percent.
Linda Yueh Economics Editor, Bloomberg TV, Bloomberg News @lindayueh
#Vietnam 2012 GDP Growth May Be 5.6-5.8%, Premier Dung Says; inflation 8.34% slowed from 23.02% in Aug http://t.co/zGdhls3q @BloombergNews

Greek Paradox May Bolster Lithuania’s Euro-Adoption Aspirations

bloomberg.com — Greece's debt crisis and slower global growth may buoy Lithuania's bid to adopt the euro in 2014 as falling commodity prices make it easier to meet inflation limits, Finance MinisterIngrida Simonyte said.
Balazs Penz Eastern Europe Economy and Government News Team Leader, Bloomberg News @BalazsPenz
Who benefits from #Greece's troubles? http://t.co/P3Ma6TIb via @BloombergNews #eurocrisis #Lithuania #Baltic

Germany Writing Six-Point Plan for Europe Growth, Spiegel Says

bloomberg.com — The German government is developing a six-point plan to stimulate economic growth in the euro-area's crisis-hit states, Der Spiegel reported, without citing anyone. The plan includes setting up special economic zones with lower tax rates and fewer regulations in peripheral states, creating agencies to sell state assets, and easing labor market restrictions, the magazine said.
Linda Yueh Economics Editor, Bloomberg TV, Bloomberg News @lindayueh
Germany Writing Six-Point Plan for Europe Growth, Spiegel Says http://t.co/VElS6ies via @BloombergNews

Ukraine Soccer Costs Soar as Graft Increases: Chart of the Day

bloomberg.com — New stadiums for the Euro 2012 soccer tournament in Ukraine cost double those in co-host Poland as the former Soviet republic overtook Togo, Uganda and Tajikistan in a ranking of corruption. The CHART OF THE DAY compares Transparency International's gauge of perceived corruption with the cost per seat of building and renovating venues for the June competition in the two countries.
Balazs Penz Eastern Europe Economy and Government News Team Leader, Bloomberg News @BalazsPenz
#Stadium costs and #corruption. Is there a correlation? http://t.co/iKXb0lc3 via @BloombergNews #Ukraine #Poland #euro2012 #soccer #football

Djokovic Must Overcome Nadal to Fulfill Dream of Matching Laver

bloomberg.com — In his dreams, Novak Djokovic has already lifted the French Open trophy to make it four major tennis titles in a row. In reality, the No. 1-ranked player in the world has to overcome six-time champion Rafael Nadal on his favorite clay courts.
Danielle Rossingh Sports Reporter, Bloomberg News @DRossingh
In case u missed it:Djokovic has already won @Rolandgarros in his dreams, says will carry Serbian flag at #London2012 http://t.co/3J8OWwqg
Danielle Rossingh Sports Reporter, Bloomberg News @DRossingh
Exclusive:In his dreams, Novak Djokovic says he's has already won Roland Garros. Will carry Serbian flag at #London2012 http://t.co/3J8OWwqg

How Insurers May Be Impacted by the Health Care Law

bloomberg.com — May 24 (Bloomberg) -- Meghan Hughes reports on a health care ruling coming in June and its impact on health care insurers. She speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)
Greg Giroux Analyst and Reporter, Bloomberg News @greggiroux
Which health insurers have most $ at stake in SCOTUS ruling? @HughesNews on @mbb1966 @BloombergGov analysis http://t.co/RSrX9bdP
Megan Hughes Reporter, Bloomberg TV, Bloomberg News @HughesNews
Which insurers could lose the most based on SCOTUS decision? And how much? New @BloombergGov analysis by @mbb1966. $UNH http://t.co/iRDbbttg

Blind Chinese Activist Says He Won’t Be Silenced After U.S. Move

bloomberg.com — Blind Chinese legal activist Chen Guangcheng said won't be silenced from speaking out and has no regrets after he fled extrajudicial house arrest and traveled to New York to study, according to an interview withCNN. Chen, who escaped a cordon erected around his home in China's Shandong province and fled to the U.S.
Stan Yee Asia Editor and Producer, Bloomberg.com, Bloomberg News @stanyee
Chen Guangcheng says he won't be silenced, has no regrets about move to US http://t.co/Q6pm84Vr

Icahn May Hold More Than 4% of Chesapeake Energy Shares

bloomberg.com — Billionaire investor Carl Icahn, known for pushing for change at the companies in which he invests, has become one ofChesapeake Energy Corp.'s (CHK) largestshareholders, said a person with knowledge of the matter. Icahn's stake in the company may amount to more than 4 percent, said the person, who declined to be identified because the holding hasn't officially been disclosed.
Jeff Green Detroit Bureau Chief and Reporter, Bloomberg News @JeffAGreen
Interesting twist in CHK scrutiny: Icahn Buys Stake in Chesapeake, Seeks Board Replacements http://t.co/wNxzkcbf via @BloombergNews
Dominic Chu Markets Reporter, Bloomberg TV, Bloomberg News @The_Domino
RT @BloombergNews: Icahn said to hold more than 4% of Chesapeake Energy shares | http://t.co/LS1F6VWl

Facebook IPO Scrutiny Forcing It to Grow Up Inside Washington

bloomberg.com — Congressional questions about Facebook Inc. (FB)'s initial public offering are forcing its nascent lobbying operation to play defense before it builds the political support companies need before coming under scrutiny. "They have not made the connections and personal relationships they would like to have made," former Senator Byron Dorgan of North Dakota, a senior policy adviser at law firm Arent Fox LLP, said in an interview.
Lucy P. Marcus Columnist, Reuters @lucymarcus
Facebook IPO Scrutiny Forcing It to Grow Up Inside Washington, Bloomberg http://t.co/IISgVfpX #ipo #politics
Greg Giroux Analyst and Reporter, Bloomberg News @greggiroux
Facebook IPO Scrutiny Forcing It To Grow Up Inside Washington http://t.co/ovO8xZSX @JDSalant
Jonathan D. Salant Money and Politics Reporter, Bloomberg News @JDSalant
IPO controversy doesn't give Facebook time to build relationships before facing scrutiny.http://bloom.bg/MqGtRD via @BloombergNews