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Thursday, July 23, 2009

The Art To Open Oysters

Precious tools are required to open the oysters and use a glove to protect your hands. (Asia Confidential)

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Economic Impact On US-North Korea Tensions

Analysis and discussion with the EIU Senior Economist Jan Friederich. He says there is no economic repercussion from the current slightly higher tensions between the North and everybody else. (Asia Confidential)

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Worst Of The Global Contraction Is Over

Economist Intelligence Unit says worst of the global contraction is over and the financial sector is stable. (Asia Confidential)

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Farewell To Cronkite

Family members, friends, and colleagues gathered to pay tribute to legendary CBS journalist Walter Cronkite. Katie Couric presents some of the most memorable moments from the funeral service.

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U.S. Racial Divide

The case involving the arrest of a prominent black scholar has reignited the debate over police racial profiling. Bill Whitaker reports.

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Nationwide Debate Over Gates

Many Americans, including the president himself, are voicing their opinions over the controversial arrest of an African-American Harvard professor inside his own home.

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Australia's Vaccine Against Swine Flu

Investors rush to take up positions in companies that can see a profit from the spread of the virus. (The Bloomberg Edge)

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Japan And Nippon Airlines To Resume Surcharges

Japan and Nippon airlines may resume fuel surcharges as jet kerosene prices rise. (The Bloomberg Edge)

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Underage Prostitution In Vegas

Known as the city of sin, Las Vegas now stands as a major epicenter for underage prostitution. As Katie Couric reports, many prostitutes are as young as 12 years old throughout the city.

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New Jersey Corruption Arrests

FBI agents have arrested several prominent high-profile political and religious leaders throughout the state of New Jersey over an alleged corruption ring. Kelly Wallace reports from Newark.

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Indian Profits Beat Analyst Estimates

Halbis Capital's Duggal says Singh's win to boost seductive India. (The Bloomberg Edge)

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Net Loss In Singapore's Chartered Semiconductor

Chartered semiconductor posts smaller than expected net loss in 2nd quarter. (The Bloomberg Edge)

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China's Largest IPO

Home prices in Chinese cities rise to 6.3% last month and nationwide sales jumps to 53%. (The Bloomberg Edge)

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Obama's Health Care Bill Delay

President Obama finally conceded that Congress will not meet his demand of passing a health care reform bill before the August recess. But, Chip Reid reports, Obama vows to keep the pressure on.

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Saying Goodbye To Cronkite

The world of journalism said "goodbye" to legendary anchor Walter Cronkite at a private funeral service in New York City. Karen Brown reports.

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Chip Cronkite on His Father

Walter Cronkite's son, Chip Cronkite, speaks at his father's funeral in New York City.

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Toy Sales In Japan

The rules of the game change which force toy makers to rethink their strategies. (The Trade)

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State Secrets Allegations

Australia urges China to deal with Stern Hu case expeditiously. (The Trade)

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Harbach Reads 'Sea Fever'

Bill Harbach, a close friend of Walter Cronkite, reads from John Masefield's "Sea Fever" at Cronkite's funeral.

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Dow Jones Jumps By 2.12%

Dow is above 9000 for the first time since January on earnings results. (The Trade)

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Japanese Stock Market

Nikkei is up for eight straight days and more companies raise forecast that lift the market. (The Trade)

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Notebook- Cane Fu

More than 3,500 senior citizens are studying cane fu, where canes are used as weapons for self-defense. Michelle Miller comments.

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CNN- Candy Crowley On Obama's Comment on Gates Arrest



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Sailing With Walter Cronkite

Mike Ashford, a former Air Force fighter pilot and well known resident and restaurateur in Annapolis, Md., shares a passion for sailing with Mr. Cronkite.

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Inside Look - How to Take Chinese Companies Public?

Value-Shopping in China - Analysis and Discussion with Belmont Partners President Joseph Meuse (Taking Stock)

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Inside Look - High Frequency Trading

The Battle Between High Frequency Traders and Institutional Investors - Interview with Former NASDAQ Chairman Alfred Berkeley (Taking Stock)

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Sector Focus - Telecom

Analysis and Discussion with William Power of Robert W. Baird & Co. (Taking Stock)

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Arnold's Twitter Video

Gov. Schwarzenegger Under Fire for "Poor Taste" in Recent Video (Bloomberg News)

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Earnings Watch - Microsoft, American Express, Amazon.com

An In-Depth Look - Microsoft Reports 4Q EPS: Act. Ex-Charges $0.38 vs. Est. $0.37; American Express Reports 2Q EPS: Act. Ex-Repurchase $0.27 vs. Est. $0.22; Amazon.com Reports 2Q EPS: Act. $0.32 vs. Est. 0.32 (Bloomberg News)

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Market Close 7.23

S&P Rises 2.3%; Dow Rises 2.1%; Nasdaq Rises 2.4%; Technology and Materials Best Performers of the Day (Bloomberg News)

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Market Outlook- Pricing Stocks Towards "Consumer Depression"

Analysis and Discussion with Jim Paulsen of Wells Capital Management (Bloomberg News)

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Inside Look - Executive Compensation

Interview with Rep. Barney Frank (D) of Massachusetts, Chairman of House Financial Services Committee (Bloomberg News)

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In-Depth Look - Accounting Board Gaining Courage?

FASB Takes on Banking Industry (Bloomberg News)

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Earnings Watch - McDonald's

Reaction with Thomas Forte of Telsey Advisory Group (Bloomberg News)

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Elegant Summer Desserts

Katie Lee showed Harry Smith and Maggie Rodriguez how to create elegant and refreshing summer desserts that will impress your guests.

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Emerging Market Spotlight - Brazil

Brazil a Bright Spot for U.S. Tourism; Further Analysis and Discussion with Citigroup Latin America Equity Strategist Geoffrey Dennis (Bloomberg News)

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Hotel Room Peeping

Insite Security's Chris Falkenberg showed Maggie Rodriguez how easy it is to set up hidden cameras in a hotel room and how to protect against them.

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Adult Acne Solutions

Dermatologist Dr. Jeannette Graf spoke to Maggie Rodriguez about various solutions for chronic adult acne.

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Fighting Summer Stains

Author Mrs. Meyer showed Maggie Rodriguez how to get rid of common summer stains like food and sweat stains.

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How to Lower Insurance Costs

Ray Martin spoke with Harry Smith about how to lower your insurance costs and decline unnecessary insurance.

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In-Depth Look - Buffet's Goldman Investment

Warren Buffett Profits $2 Billion from Investing in Goldman Sachs, a Return of 40%(Bloomberg News)

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Spotlight - Ford Motor Co.

Interview with CEO Alan Mulally (Bloomberg News)

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ESPN's Andrews Fights Back

ESPN reporter Erin Andrews says she will press criminal charges against whoever shot and posted a voyeuristic video of her nude in a hotel room. Kelly Wallace reports.

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The Economics Of Health Care

Dr. Jon LaPook speaks to two industry insiders about rising premiums in light of insurance company profits.

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Business News Briefs - NJ Corruption Probe, De Beers Woes

Mayors and Rabbis Arrested in Secaucus and Hoboken NJ, 30 Arrests Altogether in Corruption Probe; De Beers Seeks to Renew $3.5 Billion Loan (Bloomberg News)

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Housing Outlook - No Recovery if Credit Still Tightens

Existing Home Sales Rise for Third Straight Month - Analysis and Discussion with Chris Mayer of Columbia Business School (Bloomberg News)

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Debating Healthcare Reform

Republican Gov. Bobby Jindal criticized President Obama's healthcare reform plan's efficiency, while White House advisor David Axelrod defended the plan.

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Currency Outlook - Risk Trade Rules Currencies

Winners & Losers - Analysis and Discussion with Jessica Hoversen of MF Global (Bloomberg News)

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Cronkite Funeral Arrangements

Funeral services will be held today in New York City for CBS anchorman Walter Cronkite. Jeff Glor reports.

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H1N1 Pregnancy Risks

Dr. Jennifer Ashton spoke with Harry Smith about the heightened flu danger for pregnant women.

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Inside Look - Obama's Healthcare Push

Interview with Harvard University School of Public Health Professor Katherine Baker (Bloomberg News)

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Police Raid Jackson's Doc

Longtime Jackson family friend Leonard Rowe spoke with Maggie Rodriguez about the recent police raid of Michael Jackson's former doctor's office.

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Spotlight - Union Pacific

Interview with CEO Jim Young (Bloomberg News)

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New Mom Battles H1N1

A pregnant Wash. woman was stricken by Swine flu and labor had to be induced. The baby is stable but the new mom fell into a coma. Maggie Rodriguez spoke with the father.

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China State Construction Raises $7.3B

Chinese stocks hits a 13-month high. (Bloomberg News)

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Gates' Daughter Speaks Out

Harvard professor Henry Louis Gates Jr.'s arrest continues to cause controversy after President Obama criticized police action, Michelle Gielan reports. Gates' daughter spoke out.

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Obama Defends Healthcare Reform

President Obama held a primetime press conference to explain and defend his healthcare reform plan to the American public. Bill Plante reports.

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Epstein No Longer Behind Bars

Epstein reportedly lost $67 million in Bear Stearns funds. (Bloomberg News)

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In-Depth Look - Opportunities In Stabilizing Market

Interview and discussion with the Chairman and C.I.O. of T. Rowe Price. He says funds are betting on economic recovery, cyclical stocks. (Bloomberg News)

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Arrest Of Henry Louis Gates

President Obama talks about the arrest of Henry Louis Gates, an esteemed Harvard professor who was arrested outside his home on suspicion of robbery.

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In-Depth Look - Ford Loss Beat Estimates

Interview and discussion with john Wolkonowicz of the IHS Global Insight. He talks about the outlook for Ford. (Bloomberg News)

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McDonald's Sales Miss Estimates

McDonald's revenue shortfall is getting attention from investors. (Bloomberg News)

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Market Open 7.23

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

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In-Depth Look - Health Care Purchasing Habit

Interview and discussion with Tom Daschle of the Alston & Bird LLP. He says payment reform, prevention are critical issue. (Bloomberg News)

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In-Depth Look - Continuing Unemployment Claims

Interview and discussion with Bill King of The King Report. He talks about the growing number of unemployment in the economy. (Bloomberg News)

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In-Depth Look - Mario On The Markets

Interview and discussion with the Chairman and C.E.O. of GAMCO Investors, Mario Gabelli. He talks about health-care, auto market and retail gains. (Bloomberg News)

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In-Depth Look - The Danger Of Heeding Bernanke

Interview and discussion with Keith McCullough of the Research Edge. He says inflation will accelerate in the fourth quarter. (Bloomberg News)

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New Rules For Mortgage Brokers

Fed announce propose rules for mortgage lenders. (Bloomberg News)

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In-Depth Look - Reducing Health-Care Costs

Interview and discussion with Rep. Jim Cooper of Tennessee. He says he strongly believe health-care has to be deficit neutral. (Bloomberg News)

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Evening News Online, 07.22..09

Wednesday: Pres. Obama provides a primetime TV network news conference in order to address the nation over concerns regarding healthcare reform.

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Containing Systemic Risk

Shiela Bair says she the government should impose assessments on large or complex institutions that recognize their potential risk. (Bloomberg News)

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Telecom New Sales Channel For PCs

AT&T announces an expansion of its netbooks line. (Bloomberg News)

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Big Robots, Big Business

In Japan as well as the rest of the world, robots are proven to be big money makers. (Bloomberg News)

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UK Retail Sales Rise More Than Expected

Retail sales figures comes in at 1.2% gains of the month of June. (Bloomberg News)

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Small Businesses Struggle

Small businesses having a tough time getting financing. (Bloomberg News)

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Pang Accused In Currency Case

California says Pang concealed a $300,000 from the government by having friends and relatives cash checks. (Bloomberg News)

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Asian Market Check

Asian market trading is up a bit. (Bloomberg News)

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FDA Warning Over HIV Drug Kaletra

F.D.A. warns the maker of H.I.V. treatment drug about a video featuring Magic Johnson. (Bloomberg News)

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Contador Leads Tour, Armstrong In 4th

Alberto Contador leads the tour while Armstrong drops in the fourth place. (Bloomberg News)

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Vick Scrambles To Restart Career

N.F.L. commissioner meets with Michael Vick to allow him to attend a training camp. (Bloomberg News)

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Stanford Receiver Wants To Sell Hotel Stake

Stanford business receiver wants to sell a hotel stake for 2.7 million dollars. (Bloomberg News)

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Disney By Subscription?

Walt Disney develops a web based prescription service. (Bloomberg News)

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Buffett Reduces Stake In Mood's Cues

Buffett's Berkshire is still the largest shareholder of Moody. (Bloomberg News)

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Qualcomm Fined For Antitrust

South Korea says it will fine Qualcomm $200 million for anti-competitive practices. (Bloomberg News)

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SEC Looks To Stem Pension Industry Abuse

Securities and Exchange Commission prevent investment advisers from giving politicians money in order to win pension business. (Bloomberg News)

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Credit Suisse And UBS Face Off

U.B.S. continues to struggle while Credit Suisse emerge as a winner. (Bloomberg News)

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European Market Check

European market is in mixed today. (Bloomberg News)

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Bristol-Myers Buy Medarex For $2.4B

Bristol-Myers buys Medarex for $2.4 billion to gain ownership of a skin cancer drug that is nearing F.D.A approval. (Bloomberg News)

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Porsche CEO Wiedeking Quits

Porsche C.E.O., Wendelin Wiedeking quits his job. (Bloomberg News)

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Ford To Post 2Q Loss

Ford expects to report another loss of 50 cents. (Bloomberg News)

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$1 Billion In Bonds Maturing August 17th

Bondholder advisers urge a prepackaged bankruptcy for C.I.T. (Bloomberg News)

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Obama Open To Health Surtax

President Obamas says he will raise the taxes on those earning more than a million dollars a year. (Bloomberg News)

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Art takes new heights in Brazil !

Tiago and Gabriel Primo, Brazilian artists and brothers, have taken their work to new heights, literally. They've taken up residence on the side of a building in Rio, where they sleep, eat and work... 10 meters from the ground.

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Technology- The I-Hate-My-Cellphone Film Festival

Cellphone users rant about the wireless service, plans and phone options offered by their carriers.

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Film megastar Jolie visits Iraq refugees

Hollywood megastar and UN goodwill ambassador Angelina Jolie on Thursday visited a refugee camp in Baghdad for Iraqis displaced by the war.

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Acupuncture now for your pet

For some pet owners, no expense is spared when it comes to taking care of man's best friends. From designer duds to elaborate meals, Americans outspend all other nations on their pets. The latest service to have made the crossover from two- to four-legged customers -- acupuncture.

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Iconic London landmark -- the black cab -- under threat

The black cab -- icon of London's streets and famous for their knowledgeable and witty drivers -- is under threat. Licensed minicabs now outnumber them by more than two-to-one and, with the help of modern satellite navigation technology, are beginning to challenge for the title of king of the capital's roads.

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France ramps up swine flu protective measures

Pharmacies in France begin distributing face masks on Thursday for patients with flu symptoms as the French government ramps up its fight against the A(H1N1) influenza virus. The country has so far been spared the worst of the pandemic fallout, but health officials are bracing for an influx of contagion as tourists flood in to Paris.

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Obama mounts defense of embattled health care overhaul

President Barack Obama fiercely defended his embattled campaign to overhaul US health care Wednesday, calling it vital to nursing the economy to long-term vigor after a "full-blown crisis. 167 AFP

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Wildfire outside southern French city of Marseille

One of the worst wildfires to hit France in recent years was brought under control on Thursday after threatening hundreds of homes near the southern city of Marseille. The blaze broke out on Wednesday during practice shelling by the military. It comes amid rising summer temperatures that have already helped to fuel massive wildfires in Spain and Canada.

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Secretive African sect finds promised land in Kenya

For many, the Biblical "Promised Land" is thought be somewhere in the Middle East. But for one of Africa's smallest and most mysterious religious groups, the Land of Milk and Honey is actually located in the vicinity of Kenya's capital, Nairobi. The Gospel of God Church was founded by a small group of Zimbabweans in the 1930s, who made the pilgrimage to Kenya as a religious quest. Their descendants still live and worship there today -- with no official status in Kenya, but driven by a closely-guarded religious mission.

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Morocco's king marks 10 years on throne

King Mohammed VI of Morocco celebrates on Thursday 10 years of a reign that has seen major reforms, as well as setbacks in human rights and justice. A natural sound version of an AFPTV report.

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Kurdish soldiers vote early for regional leaders

More than 100,000 Kurdish members of Iraq's armed forces have begun voting two days ahead of the official election Saturday to name a president and parliament for their autonomous northern region. The vote -- the first time universal suffrage is being applied in the Kurdish region -- takes place amid growing tensions with the Iraqi central government, primarily due to rival territorial claims, in particular over oil-rich Kirkuk and several Kurdish-majority provinces.

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Wildfire outside southern French city of Marseille

A Foreign Legion drill instructor was suspended Thursday after what was branded an "imbecilic" shooting exercise triggered a huge wildfire that threatened the outskirts of Marseille. Visiting the fire-ravaged area Thursday, Prime Minister Francois Fillon promised tough punishment for those responsible, as well as a review of French military rules on shooting exercises. Fillon told reporters that the use of tracer rounds was forbidden year-round in wildfire-prone southern France, except with special permission, and called the firing "a blatant and unforgiveable professional error."

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Plane makes emergency landing to kick off passenger

A Ryanair flight from Marseille to Marrakech made an emergency landing at Malaga so that a "disruptive" passenger could be made to leave the plane. The passenger denies disturbing the flight and said Thursday he plans to lodge a complaint against the airline. Malaga air authorities confirmed the emergency landing to AFP. Amateur images filmed by the passenger.

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