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Monday, July 20, 2009

The Origins Of Horse-Racing

Origins in central Asian nomadic tribes around 4,500 B.C. and horse-racing is a professional sport in 12th century in U.K. (Asia Confidential)

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Japanese Investors Expect For Possible Inflation

Bank of Tokyo says that federal reserves needs to ensure to investors that their asset to unfreeze the system of Lehman Brother's failure. (The Bloomberg Edge)

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In-Depth-Look- Australian Commodity Stock

Gold climbs to five-week high and cotton rises to 10-month high on Chinese demand on weak dollar. (The Bloomberg Edge)

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The Attack Of 10-Gunmen Hurt 120 People

Gunman's Mumbai attack confession surprises the prosecutors and if found guilty, the 21-year old gunman could face the death penalty. (The Bloomberg Edge)

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Approval On Diet Dissolution

Japan's Cabinet approves diet dissolution today before the election. (The Bloomberg Edge)

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Bondholders Throw CIT Lifeline

The century old lender with bond holders throws an emergency loan and it has $3 billion in losses in the last eight quarters. (The Bloomberg Edge)

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Hard Times In Flint, Mich.

Unemployment nationwide is at 9.5 percent. But in Michigan it's more than 15 percent. Jim Axelrod reports that for the kids of Flint, Michigan the streets have become scary places to play.

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Cronkite Anchors First Moonwalk

On the 40th anniversary of the world's first moonwalk, watch how legendary CBS anchor Walter Cronkite anchored the special broadcast.

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Hurdles For Healthcare Reform

While President Obama tries to stop support from slipping for his healthcare reform plan, Republicans fight back with an oppositional ad campaign. Chip Reid reports.

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China Car Sales Rise Up To 48% In June

Analysis and discussion with the Citigroup Head of Asian Transport Research Gerwin Ho. He talks about China's automotive industry and economic stimulus. (The Bloomberg Edge)

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What's New In Space Travel?

Achievements in space have not matched the excitement of Apollo 11's mission 40 years ago. Although President Obama has called for a return to the moon by 2020, funding is being cut. Bob Orr reports.

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U.S. Warns Taliban Captors

More information is being learned about kidnapped Private Bowe Bergdahl while a massive search continues. Defense Secretary Robert Gates has a message for his captors. Mandy Clark reports.

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Bursa Malaysia Profit Rises For The Second Quarter

Burma Malaysia's gain rises to $9.8 million in second quarter up from $8 million. (The Trade)

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A Greater Risk

Rep. Darrell Issa (R-Calif.) spoke with CBS News' Jill Jackson about reports that the federal government has potentially nearly $24 trillion to help the financial sector.

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Gain On Chinese Initial Public Offering

China State Construction Engineering plans the world's biggest Initial Public Offering since March 2008. (The Trade)

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Inside Look On Indonesian Stock

Indonesian Stock Market resumes and it will not derail after the bomb blast that killed nine people last Friday. (The Trade)

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Hedge Funds Goes Retail

Most effective strategies executed by the white college of finance world are now available to retailers. (The Trade)

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Goldman S&P 500 Price Target Raises To 1060

S&P 500 EPS rises 15% in 2nd half and expects 12% gain by year's end. (The Trade)

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Magnificent Desolation

Bob Schieffer spoke with Apollo 11's Buzz Aldrin about the historic anniversary of his mission's lunar landing as well as his new book, "Magnificent Desolation."

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Japan's Stocks Rise

Toymakers lead the gains and Panasonic is up 3.4%, Sony is up at 1.3% and Honda is on the rise. (The Trade)

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Notebook- Walter Cronkite

Katie Couric pays tribute to Walter Cronkite, who was known as "the most trusted man in America." Cronkite died July 17 at the age of 92.

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He Just Can't Help It

RNC Chairman Michael Steele says that President Obama is conducting "risky experiments" with Americans health care and "just can't help" massive spending.

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The Time To Act Is Now

President Obama urged passage of his health care reform after a meeting at the Children's National Medical Center in Washington.

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Honoring Apollo 11

Alongside Apollo 11's Buzz Aldrin, Neil Armstrong, and Michael Collins, President Obama commended their historic mission.

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Inside Look - Credit Availability or Lack Thereof?

Credit: Where's the Money? - Interview with First CapitaI President Mark Sunshine (Taking Stock)

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Earnings Watch - Texas Instruments

Texas Instruments Reports 2Q EPS: Act. Ex-Items $0.25 vs. Est. $0.22; An In-Depth Look, Featuring Reaction with Adam Benjamin of Jefferies & Co. (Bloomberg News)

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Washington Unplugged, 07.20.09

The legend may have passed, but his legacy lives on. Bob Schieffer, Washington Post's Howard Kurtz and Former CBS News Correspondent Marvin Kalb remember Walter Cronkite.

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Economic Expectations - We Are Not in Freefall Anymore

Exclusive Interview with National Economic Council Director Lawrence Summers (Bloomberg News)

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Market Close 7.20

S&P Rises 1.1%; Dow Rises 1.17%; Nasdaq Rises 1.2%; S&P Closing at Highest Level Since November; Red Hat to Replace CIT on S&P Starting Friday; Hasbro and Eaton Beat Estimates (Bloomberg News)

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Governors Discuss State Economies in Biloxi, MS

Analysis and Discussion with Matt Fabian of Municipal Market Advisors (Bloomberg News)

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In-Depth Look - Bernanke & The Exit Strategy

A Preview - Fed Chairman Ben Bernanke Meets with Congress Tomorrow (Bloomberg News)

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More Perspective - The Future of CIT

Analysis and Discussion with Patricia Edwards of Storehouse Partners (Bloomberg News)

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Students Struggle to Afford College Due to Recession

Private Colleges Expect Freshman Enrollment to Decline in 2009-2010 School Year - Interview with NAICU Chairman Jay McGowan (Bloomberg News)

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Inside Look - Healthcare Progress?

Live! From White House: Interview with Nancy-Ann DeParle, Head of White House Office of Health Reform (Bloomberg News)

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Currency Outlook - What's Driving the Trade?

Analysis and Discussion with Meg Browne of Brown Brothers Harriman (Bloomberg News)

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Sector to Watch - Energy

Analysts Pointing at Cheap Valuations for Oil Shares (Bloomberg News)

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Obama Makes Statement on Healthcare

Live! From Washington D.C. - President Barack Obama Holds News Conference (Bloomberg News)

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Cronkite's Final Broadcasts

CBS takes a look back at Walter Cronkite's final broadcasts at 91 years of age. "Face the Nation" host Bob Schieffer spoke on his experience working with Cronkite.

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Tomatoes In Season

Chef Seamus Mullen showed Maggie Rodriguez and Harry Smith how to take Gazpacho to the next level.

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CBS on Cronkite's Legacy

CBS colleagues spoke to the Early Show correspondents about their personal memories of working with the late Walter Cronkite and his legacy as the most trusted man in America.

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Sector to Watch - Financials

Is Commercial Lending a Problem Area for Banks? (Bloomberg News)

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American Moonwalkers

Maggie Rodriguez spoke with former astronauts Edwin "Buzz" Aldrin, Alan Bean and Charles Duke about stepping foot on the moon's surface.

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Market Outlook - Recovery Will Be Less Dependent on Consumer

A Bullish Market Perspective - Analysis and Discussion with Thomas Lee of JPMorgan Chase & Co. (Bloomberg News)

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Walter Cronkite's Reporting

CBS anchorman Walter Cronkite was well known for his accurate reporting of the news. As Randall Pinkston reports, funeral arrangement will be held in Manhattan, New York.

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Memories of Apollo 11

Neil Armstrong became the first person to walk on the moon 40 years ago today making him an instant American hero. Harry Smith spoke to Armstrong's wife and two sons about their memories of Apollo 11.

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Spotlight - Human Genome Sciences

Human Genome Surges on Lupus Drug Study - Interview with CEO Thomas Watkins (Bloomberg News)

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Teen Sex Increasing in U.S.

Maggie Rodriguez spoke to Dr. Jennifer Ashton about the sudden increase of teen pregnancies, STDs and sexual assaults in the U.S., often due to a lack of education on contraception and birth control.

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In-Depth Look - Larry Summers in Line for Fed Chairman?

Analysis and Discussion with Louisiana State University Finance Professor Joseph Mason (Bloomberg News)

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The Currency Report - U.S. Dollar

Risk On, Risk Off - Risk Aversion is Bullish for Dollar, Risk Appetite is Bullish for Stocks; According to Adam Boyton of Deutsche Bank, Next Drivers for FX Interest Rates, Commodities, Capital Flows

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International Perspective - Stock Gains Stoke Risk Appetite

Pound Climbs Against Yen on Speculation of CIT Skirting Bankruptcy - Analysis and Discussion with Daragh Maher of Calyon (Bloomberg News)

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Taliban's Message To U.S.

Maggie Rodriguez spoke with CBS News terrorism analyst Jere Van Dyk about the message the Taliban is sending to the U.S. by releasing video of a captive U.S. soldier.

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Couric On Cronkite's Legacy

CBS Evening News anchor Katie Couric spoke with Harry Smith about Walter Cronkite's influence on her career.

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Sector Focus - Airlines

State of the Airline Industry - Analysis and Discussion with Helane Becker of Jesup & Lamont Securities (Bloomberg News)

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U.S. Soldier Captured

The Taliban in Afghanistan released video of a kidnapped U.S. soldier which shows him asking to be rescued. Mandy Clark reports.

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In-Depth Look - Prince Of The Box Office - Harry Potter

Interview and discussion with Gitesh Pandya of the BoxOfficeGuru.com. He discusses the Harry Potter mania and its earning from the first movie. (Bloomberg News)

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In-Depth Look - States In Crisis

Interview and discussion with the President & C.E.O. of the Lebenthal & Co., Alexandra Lebenthal. She says there is still very significant concern over states deficits. (Bloomberg News)

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Apollo 11- Behind The Scenes

While the astronauts of Apollo 11 received the bulk of the attention for landing on the moon 40 years ago, 400-thousand people worked behind the scenes to make it happen. Randall Pinkston reports.

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Turkey Bans Smoking

Turkey government bans smoking in private areas and other closed spaces. (Bloomberg News)

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Yellowstone Club Sold

The Yellowstone club in Montana is sold for a bargain basement price. (Bloomberg News)

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In-Depth Look - CIT Gets Temporary Lifeline

Interview and discussion with Fred Joseph of the Morgan Joseph. He talks about C.I.T.'s bridge financing to its bondholders which may allow them to avoid bankruptcy. (Bloomberg News)

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Human Genome Soars 200% - Eye-Popping Rally

The market potential for Lupus drugs can be $2.9 billion. (Bloomberg News)

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Market Open 7.20

Lydia Thew is live in the New York Stock Exchange. Stocks are set to kick off higher. (Bloomberg News)

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In-Depth Look - CIT's Latest News

Interview and discussion with Martin Bienenstock of the Dewy & Leboeuf. He says C.I.T. would be walking wounded with temporary bridge funding. (Bloomberg News)

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M&T Earning Beat Estimates

M&T Banks earnings beats estimates. Analysts say this is better shape than some of its peers. (Bloomberg News)

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In-Depth Look - Analysts Say Oil May Drop 48%

Interview and discussion with Michael Aronstein in the Oscar Gruss & Son. He says crude oil market is tough to predict. (Bloomberg News)

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Going To Space?

NASA retires is shuttle next year. Theres no replacement plans until 2015. (Bloomberg News)

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In-Depth Look - CIT To Strike Deal With Bondholders

Interview and discussion with Scott Peltz of the R.S.M. McGladrey. He talks about C.I.T.'s three billion dollars financing money from its bondholders. (Bloomberg News)

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Transformers, G.I. Joe Help Hasbro

Hasbro profit boost from sales of Transformers and G.I. Joe stuffs. (Bloomberg News)

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Porsche CEO's Status Unclear

Volkswagen and Porsche assemble a meeting on whether Porsche' C.E.O. will stay or not. (Bloomberg News)

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Harry Potter's $160 Mln Open

Harry Potter generates $160 million in sales in its first five days in America. (Bloomberg News)

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Own A Piece Of Lehman's History

Lehman Brothers team up with Ebay to sell thousands of items originally produce as corporate freebies

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AOL To Boost Advertising, More Local Sites

A.O.L. plans to advertise and develop more local sites to attract visitors. (Bloomberg News)

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Private College Enrollment Drops

14% of schools predict a graduate enrollment will fall more than 5%. (Bloomberg News)

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Back To School Saving?

Back-to-school shoppers saves their money and spend less. (Bloomberg News)

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Cronkite '81 Ratings Equal Big Three

Walter Cronkite funeral services will be held on Thursday. He dies at the age of 92. (Bloomberg News)

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Wall Street Eyes Jackson Assets

Wall Street firms takes a close look at the assets of Michael Jackson. (Bloomberg News)

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Yahoo, Microsoft Near Deal

Yahoo is near to close a deal with Microsoft to collaborate on internet search technology to compete with Google. (Bloomberg News)

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Hillary In India

Hillary Clinton's trip to India is to discuss the climate change. (Bloomberg News)

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Indonesia Investigate Bombings

Indonesia held a religion prayer meeting for those who died last Friday bombing. (Bloomberg News)

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Asian Market Check

Asian stocks rallies in for fifth straight session. (Bloomberg News)

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Hedge Funds Going Retail

Some hedge funds are now available to retail investors. (Bloomberg News)

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Las Vegas Sands Plans Hong Kong IPO

Las Vegas casino operator seeks permission to sell as much as $1.5 billion in new debt. (Bloomberg News)

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Fortress Names Mudd CEO

Fortress choose Mudd to run the buyout and hedge fund. (Bloomberg News)

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California To Resume Budget Talks

Gov. Schwarzenegger say they may be one step from fixing the state's $26 billion deficit. (Bloomberg News)

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Positive Signs For Economy

N.A.B.E. survey shows, 45% of businesses say the first six months mark low. 41% says sales will bottom by the end of the year. (Bloomberg News)

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Obama Push Senate On Health Care

President Obama wraps up the pressure on senate finance committee members over health- care reform. (Bloomberg News)

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Final Day For Opel Bids

General Motors says this is the last day for Opel bidders to submit their offers. (Bloomberg News)

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Contador Takes Tour Lead

Armstrong teammate Contador takes the lead in the Tour De France. (Bloomberg News)

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Bookies Save On Woods, Watson

Gamblers lose millions of dollars for betting on Tiger Woods. (Bloomberg News)

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Cink Beat Watson In Playoff

Watson miss the 18th hole which made Cink the winner. (Bloomberg News)

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Morgan Stanley To Earn Tens Of Millions From The Fed

Morgan Stanley may receive tens of millions of dollars for advising the federal reserve bank of New York on a dismantling of A.I.G. (Bloomberg News)

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European Market Check

European stocks rise. Earning season is playing a role. (Bloomberg News)

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More Oversight For TARP Funds

Tim Geithner asks banks for more information on how they're using billions of dollars in government bailout money. (Bloomberg News)

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Gross Cuts Mortgage Holdings

Bill Gross reduce his holdings of mortgage debts. (Bloomberg News)

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CIT To Strike Deal With Bondholders?

C.I.T. Group announce as that it has an agreement for $3 billion in financing from bondholders. (Bloomberg News)

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Movies / Critics' Picks- Critics' Picks- 'Mad Max'

A. O. Scott reviews George Miller's high-octane road movie starring a very young Mel Gibson.

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America honors its heroes, the first men on the moon

The United States marked monday the 40th anniversary of the historic first moon walk Monday, with Apollo missions Astronauts issuing a clarion call for Americans to set their sights on Mars and President Barack Obama meeting at the White House with the crew of the Apollo 11 mission.

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Obama honors Apollo 11 Astronauts

Monday President Obama honored the three astronauts who completed the first manned mission to the moon. The White House ceremony marked the 40th anniversary of the day Neil Armstrong and Buzz Aldrin�s took their first steps onto the lunar surface. Obama recalled scenes from his childhood in Hawaii, watching astronauts from Apollo missions return ashore after landing in the Pacific Ocean.

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Paris gets its own beach for summer

For Parisians who cannot make it to the beach, the city is bringing the beach to them. For the eighth year in a row, "Paris Plage" has imported sandy shores, chaise longues and a decidedly more relaxed feel to the banks of the Seine river.

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Sandstorms strafe Iraq

Since the start of summer, hardly a day goes by in Iraq without a sandstorm whipping up choking dust. The storms are increasing in intensity, mainly due to desertification and war.

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