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Video: Meyers Says Henderson's Exit May Lead to Instability: Video
from Bloomberg on December 02, 2009
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Dec. 2 (Bloomberg) -- Gerald Meyers, professor at the University of Michigan and former chief executive officer of American Motors Corp., talks with Bloomberg's Deirdre Bolton and Erik Schatzker about Fritz Henderson's resignation yesterday as chief executive officer of General Motors Co. Henderson resigned after the company's board, at a 100-day review, concluded he hadn't done enough to fix the biggest U.S. automaker since the company emerged from bankruptcy, people familiar said. Chairman Ed Whitacre has assumed the CEO post on an interim basis. (Source: Bloomberg)
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Video: Cost of Funding Afghanistan War May Result in a New Tax: Video
from Bloomberg on November 16, 2009
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Nov. 16 (Bloomberg) -- The debate over the cost of sending additional troops to Afghanistan has led congress to seek alternate funding ideas, which may include a new tax. Bloomberg's Lizzie O'Leary reports. (Source: Bloomberg)
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Video: Cost of Funding Afghanistan War May Result in a New Tax: Video
from Bloomberg on November 16, 2009
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Nov. 16 (Bloomberg) -- The debate over the cost of sending additional troops to Afghanistan has led congress to seek alternate funding ideas, which may include a new tax. Bloomberg's Lizzie O'Leary reports. (Source: Bloomberg)
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Video: Cost of Funding Afghanistan War May Result in a New Tax: Video
from Bloomberg on November 16, 2009
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Nov. 16 (Bloomberg) -- The debate over the cost of sending additional troops to Afghanistan has led congress to seek alternate funding ideas, which may include a new tax. Bloomberg's Lizzie O'Leary reports. (Source: Bloomberg)
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Video: Retail Sales in the U.S. Increase More Than Forecast: Video
from Bloomberg on November 16, 2009
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Nov. 16 (Bloomberg) -- October retail sales in the U.S. rebounded more than anticipated as demand for autos climbed, easing concern households will curtail spending after government incentives ended. The 1.4 percent increase followed a 2.3 percent drop in the prior month that was much larger than previously estimated, making last month’s gain less impressive, Commerce Department figures showed today in Washington. Purchases excluding autos rose less than forecast. Bloomberg's Michael McKee reports. (Source: Bloomberg)
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Video: Zhu Zhu Robotic Hamsters Sell Out at Walmart, Target: Video
from Bloomberg on November 13, 2009
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Nov. 14 (Bloomberg) -- Bloomberg's Margaret Brennan reports on demand for Cepia LLC's robotic hamster called Zhu Zhu Pets. U.S. and U.K. retailers, such as Wal-Mart Stores Inc., Target Corp., Toys “R” Us Inc. and Tesco Plc, can’t keep Zhu Zhus in stock. Target is limiting the toy to four per customer. Some parents are resorting to Amazon.com, where the critters sell for at least twice the $8-to-$10 price. (Source: Bloomberg)
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Video: Madoffs' Rolexes, Furs, Hermes Handbags Set for Auction: Video
from Bloomberg on November 13, 2009
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Nov. 13 (Bloomberg) -- Seventeen Rolexes, including an Oyster chronograph watch, fur coats and designer handbags are among the 150 to 200 lots up for auction that once belonged to Bernard and Ruth Madoff. The items will be auctioned tomorrow at the Sheraton New York Hotel & Towers to benefit victims of his $65 billion Ponzi scheme. Bloomberg's Gigi Stone reports. (Source: Bloomberg)
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Video: Electric-Car Era Spurs Need for New Fuel Ratings: Video
from Bloomberg on November 13, 2009
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Nov. 13 (Bloomberg) -- U.S. fuel-economy ratings, a staple of new-car window stickers since 1975, need a makeover because the arrival of electric autos makes the miles-per-gallon standard obsolete, researcher Edmunds.com said. Bloomberg's Monica Bertran reports. (Source: Bloomberg)
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Video: Ex-Bear Fund Managers Cioffi, Tannin Not Guilty of Fraud: Video
from Bloomberg on November 10, 2009
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Nov. 10 (Bloomberg) -- Bloomberg's Carol Massar, Su Keenan and Matt Miller report on the acquittal of former Bear Stearns Cos. hedge-fund managers Ralph Cioffi and Matthew Tannin. A jury of eight women and four men deliberated less than a day before reaching the verdict. Cioffi and Tannin were accused of misleading investors who lost $1.6 billion. The trial was the first stemming from a federal probe into the collapse of the subprime mortgage-market, which cost investors as much as $396 billion and helped trigger a worldwide recession. Dennis Gartman, economist and editor of the Gartman Letter and Bloomberg contributor William Cohan also speak. (Source: Bloomberg)
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Video: AIG Sales Decline at Property-Casualty, Life Units: Video
from Bloomberg on November 06, 2009
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Nov. 6 (Bloomberg) -- American International Group Inc., the insurer bailed out by the U.S., fell the most in two months in New York trading after posting sales declines at its property-casualty and life insurance divisions. AIG today reported third-quarter net income of $455 million, or 68 cents a share. Bloomberg's Zahra Burton reports. (Source: Bloomberg)
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Video: Fannie Seeks Extra $15Bln From Emergency Treasury Fund: Video
from Bloomberg on November 06, 2009
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Nov. 6 (Bloomberg) -- Fannie Mae, the mortgage buyer seized by regulators, plans to tap emergency U.S. capital for a fourth time this year, bringing its draws of taxpayer money to $60 billion as the company sees no immediate end to its losses. Bloomberg's Peter Cook reports. (Source: Bloomberg)
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Video: Johnson Says Stadium-Name Rights Harder to Sell in Slump: Video
from Bloomberg on November 05, 2009
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Nov. 5 (Bloomberg) -- New York Jets owner Woody Johnson talks with Bloomberg's Deirdre Bolton and Erik Schatzker about the new football stadium for the Jets and New York Giants. The stadium, which has yet to secure a naming-rights partner, is scheduled to open for the 2010 season. PepsiCo Inc., MetLife, Inc., Anheuser-Busch InBev NV and Verizon Communications Inc. have bought sponsorship rights in the new venue. Johnson also discusses the USS New York, a Navy ship made with steel from the World Trade Center. (Source: Bloomberg)
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Video: New Jersey, Virginia Governor Races Seen as Key Contests: Video
from Bloomberg on November 03, 2009
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Nov. 3 (Bloomberg) -- Governor’s races today in Virginia and New Jersey have been anticipated as barometers of next year’s midterm congressional elections. A U.S. House race in upstate New York may prove more meaningful. Bloomberg's Scarlet Fu reports. (Source: Bloomberg)
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Video: U.S. Bancorp Assumes Nine Banks; Bogle Backs Investors: Video
from Bloomberg on November 02, 2009
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Nov. 2 (Bloomberg) -- Bloomberg's Scarlet Fu reports on the latest breaking business news and top stories in today's Business Briefs. (Source: Bloomberg)
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Video: Buffett Most Trusted in Poll, Obama Losing Ground: Video
from Bloomberg on October 29, 2009
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Oct. 29 (Bloomberg) -- Billionaire investor Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., is regarded as the best assessor of financial markets by a plurality of almost one-fourth of respondents to a quarterly poll of investors, traders and analysts who subscribe to the Bloomberg terminal. Investors' confidence in President Barack Obama and his economic team dropped sharply during the past three months. Bloomberg's Lizzie O'Leary reports. (Source: Bloomberg)
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