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Thursday, July 30, 2009

Crowley Talks Beer Summit

Sgt. James Crowley answered questions, and spoke about his experience sitting for a beer with President Barack Obama, Vice President Joe Biden and Harvard Professor Henry Louis Gates.

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Dressing An Oyster

Cocktail sauce, ketchup, lemon juice, sugar syrup and oyster sauce and the black ground pepper are the main ingredients to prepare oysters. Put as much as you want depending on the number of oysters you want to have. (Asia Confidential)

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Bonuses And Bailouts In 2008

Banks pay $32.6 billion in bonuses amid U.S. bailout. (Asia Confidential)

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Evening News Online, 07.30.09

Thursday: Professor Henry Louis Gates and Sgt. James Crowley sat down for a beer with President Barack Obama; Also, Katie Couric spoke to the Secretary of Health and Human Services about the H1N1 vaccine.

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The Beer Summit

Harvard professor Henry Louis Gates and his arresting officer Sgt. James Crowley sat down for a beer with President Barack Obama and Vice President Joe Biden. Chip Reid reports on the so-called beer summit.

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Concern About H1N1 Vaccine

159 million Americans are being urged to get the H1N1 vaccine when it's ready, including 78 million children. But, as Dr. Jon LaPook reports, parents are concerned about the safety of the vaccine.

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Singapore Airline's Annual Loss

Singapore Airlines may post first annual loss since listing in 1985. (The Bloomberg Edge)

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Police Officers in Training

At the Connecticut police academy, thirty recruits are training to become police officers. Jim Axelrod reports on the months of instruction and training necessary to prepare these officers for the streets.

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Fighting The H1N1 Virus

Secretary of Health and Human Services Kathleen Sebelius talks with Katie Couric about the seriousness of the H1N1 virus and the vaccine. Katie Couric reports.

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H1N1 Vaccine and Safety

The preservative Thimerosal was taken out of childhood vaccines because of a fear of causing autism. Secretary of Health and Human Services Kathleen Sebelius responds to parents' concerns about its use in test batches of the H1N1 vaccine.

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Charter Bus Crashes

Over 220 charter bus companies were ordered out of service for safety violations. The GAO found at least 20 of the companies operating again under different names. Don Teague reports.

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Returning To Terrorism

A new report shows that nearly one out of every five prisoners released from Guantanamo has gone back to terrorism. David Martin reports.

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Invesco Asia's Top Holdings

Robeco says China may take action to slow stock market gains. (The Bloomberg Edge)

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Regular Guys Having A Beer

Pres. Obama, Professor Henry Gates, Sergeant Crowley, and Vice President Joe Biden enjoy a couple of cold ones at the White House rose garden.

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Hong Kong and China IPO

Analysis and discussion with CEO Pride Investments Group Lewis Wan. He says Hong Kong IPO market will continue to be hot and China Daily says Chinese regulator to plug IPO loopholes. (The Trade)

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Las Vegas Sands Posts Second Quarter Loss

Straits Times says Las Vegas Sands struggles to fill Singapore jobs. (The Trade)

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Nasdaq 100 Gains Momentum

Nasdag 100 is higher by 26% and gains about 33% which beats the Nasdaq Composite by 7% points.(The Trade)

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Taiwan Semi Beats Estimates

Taiwan semi set to rally today by nearly 7% and its sales may beat analyst forecast by 16%. (The trade)

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China Trades More

China stock trading value tops the amount in the U.S., United Kingdom and Japan. (The Trade)

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Australian Banking Is Up

The stocks rise after commodity prices rebound and Australia's fourth biggest bank may make a bid for Royal Bank of Scotland's Taiwan assets. (The Trade)

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Japan Stock Market Up

Sony leads the gains in consumer electronics by 2.5% but Nintendo is down by 5.25%. (The Trade)

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Wall Street Bonuses Outrage

NY AG Andrew Cuomo released a compensation study that showed how banks that received bailout funds gave out huge bonuses. CBS News' Kelly Wallace talks with CBSNews.com's Dan Farber.

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Notebook- Volunteering

Almost 62 million Americans volunteered in 2008 as charities and community groups struggled in the recession. Katie Couric suggests volunteers are the backbone of our community.

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Mr. Schock Goes To Washington

CBS' Kaylee Hartung visited Rep. Aaron Schock, the 28 year-old Republican congressman from Illinois.

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Spotlight - Red Mango

A Special Report on the Yogurt Wars, Featuring Exclusive Interview with Red Mango CEO Dan Kim (Taking Stock)

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Sector Focus - Vintage Autos

Roundtable Discussion with Jim Glickenhaus & RM Auctions Founder Rob Myers (Taking Stock)

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Beer Summit

What can we expect from the meeting between the Pres. Obama, Professor Gates, and Sergeant Crowley? CBS' Fernando Suarez takes a look.

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A Sip to Truly Savor

Fifty Year Old Bottle of Glenfiddich Priced at $16K (Bloomberg News)

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Unplugged- GOP Gaining Ground?

Are the GOP poised for a comeback? Bob Orr spoke with Republican Strategist Matt Mackowiac and Rothenberg Political Report's Stu Rothenberg. Plus, this Bud's for you with CBS's Fernando Suarez.

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Earnings Watch - The Walt Disney Co.

Disney Reports 3Q EPS - Act. $0.52 vs. Est. $0.51; An In-Depth Look, Featuring Reaction with Pete Kwiatkowski of Fifth Third Asset Management (Bloomberg News)

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In-Depth - Moving Into Municipals

Muni Bonds on Fire (Bloomberg News)

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Market Close 7.30

S&P Rises 1.15%, Dow and Nasdaq Each Rise Less Than 1%; MasterCard Profit Beats Estimates; Goldman Says Buys General Electric After Barney Frank Comments; Motorola Narrows Losses (Bloomberg News)

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Recap - Ken Lewis Speech

Live! Coverage from Chicago, IL: Bank of America CEO Ken Lewis Speaks at National Urban League Conference (Bloomberg News)

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Economic Expectations - Coming to Very Tail End of Recession

Interview with David Rosenberg of Gluskin Sheff & Associates (Bloomberg News)

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Commodity to Watch - Soybeans

Bean Complex Rally - Tight Supply, Growing Demand (Bloomberg News)

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More Perspective - Compromise Coming?

Interview with Rep. Mike Pence (R) of Indiana, Chairman of the House GOP Conference (Bloomberg News)

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Special Report - The Obama Effect

Obama Chooses Bud Light for "The Beer Summit"; Does the Obama Endorsements Help Businesses? (Bloomberg News)

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Inside Look - Repaying Government Aid

Interview with Federal Housing Finance Agency Director James Lockhart (Bloomberg News)

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Buffett's New Bet

BYD Nets Warren Buffett $1 Billion After Company Approves His 10% Stake (Bloomberg News)

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Foreclosures Threaten to Derail Housing Recovery

U.S. Foreclosures in First Half of 2009 Up 15% From Year Earlier (Bloomberg News)

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In-Depth Look -Splitting Up Cablevision

Turning Into Cablevision's Future - Analysis and Discussion with Thomas Eagan of Collins Stewart (Bloomberg News)

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Inside Look - FDIC Poised to Split Banks

FDIC Bank Buyout Proposal - Interview with Wilbur Ross (Bloomberg News)

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In-Depth Look - Business of Bashing Banker Bonuses

Executive Pay Bill Approved by House Committee, Pay Limits May Be Too Broad However (Bloomberg News)

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Fed Focus - Time May Be Ticking for Bernanke's Term

Breaking Up the Fed - Analysis and Discussion with Amar Bhide of Harvard University (Bloomberg News)

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Inside Look - A Democratic Compromise

Congress to Adjourn for Summer Recess Without Healthcare Vote - Interview with Rep. James Clyburn (D) of South Carolina (Bloomberg News)

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Beer At the White House

President Obama will play peacemaker when Henry Louis Gates Jr. and Sgt. James Crowley visit the White House, but he is not without critics, Chip Reid reports. Bob Schieffer discussed the meeting.

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Advice For Your 401k

With the stock market up, there may be adjustments to be made in your investment portfolio. Jill Schlessinger, Moneywatch editor-at-large, shares advice with Maggie Rodriguez.

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In-Depth Look - Microsoft Analyst Day

Microsoft and Yahoo! Form Search Engine Pact, Featuring Commentary from CEO Steve Ballmer; Further Reaction with Brad Reback of Oppenheimer (Bloomberg News)

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Earnings Check - ExxonMobil

ExxonMobil Reports 2Q EPS - Act. $0.84 vs. Est. $0.99 (Bloomberg News)

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Katherine Gets Full Custody

According to Katherine Jackson's attorney Londell McMillan, a custody agreement was reached between the Debbie Rowe and Jackson family with Rowe to receive visitation rights. Dave Price reports.

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The Currency Report - U.S. Dollar

Betting on the Buck Shows Demand for Safety (Bloomberg News)

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Plaintiff Lawyers On Madoff

Plaintiff's attorneys who spoke to Bernie Madoff in prison talked to Maggie Rodriguez about information that may help his victims, including criticism for the SEC for failing to catch him sooner.

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Spotlight - AstraZeneca

Interview with CEO David Brennan (Bloomberg News)

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Inside Look - Wyndham's Room For Profits

Interview and discussion with Wyndham Worldwide C.E.O., Stephen Homes. He talks about the hospitality industry and his company's profits. (Bloomberg News)

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Custody Agreement Reached

Katherine Jackson's attorney Londell McMillan spoke exclusively to Dave Price about the custody agreement reached over Michael Jackson's children and details of his estate.

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Inside Look - Alcatel-Lucent Posts Surprise 2Q Profit

Interview and discussion with Alcatel-Lucent C.E.O., Ben Verwaayen. He discusses their company's surprise profit and he says they have a very good improvement in top-line margins. (Bloomberg News)

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In-Depth Look - GDP Preview

Interview and discussion with Fritz Meyer of the Invesco Aim Advisors. He says many economists pick up GDP predictions for third quarter. (Bloomberg News)

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Market Open 7.30

Suzanne O'Holloran is live in the New York Stock Exchange. Stocks are set to kick off higher. (Bloomberg News)

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In-Depth Look - Dollar General IPO?

Interview and discussion with Steven Kaplan of the University of Chicago, Steven Kaplan. He says K.K.R. underwrites Dollar General I.P.O. to move into new sector. (Bloomberg News)

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In-Depth Look - Visa & Mastercard Are Similar

Interview and discussion with Bill Selby of the GAMCO Investors Inc. He says Mastercard successfully cut advertising budget. (Bloomberg News)

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In-Depth Look - Weekly Jobless Claims

Interview and discussion with Torsten Slok of the Deutsche Bank. He shares his insights about the worse than expected jobless claims. He says the economy is set up for what could be a significant rebound. (Bloomberg News)

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In-Depth Look - National Urban League Conference

Interview and discussion with Illinois State Treasurer, Alexi Giannoulias. He says Illinois is already ran into financial difficulties. (Bloomberg News)

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In-Depth Look - Health Care Compromise?

Interview and discussion with Majority Leader, Rep. Steny Hoyer. He says one of the problems we are facing is a lot of misinformation. (Bloomberg News)

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In-Depth Look - Fed's Exit Strategy

Interview and discussion with Jim Bianco of the Bianco Research. He gives his thoughts regarding whether Ben Bernanke will be reappointed. (Bloomberg News)

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Inside Look - International Paper Earnings Outlook

Interview and discussion with the C.E.O. of the International Paper, John Faraci. He talks about his company's second quarter profit. He says paper demand is double digit down but inventory is in good shape. (Bloomberg News)

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Exxon Mobil Reports 2Q Results

Investors closely watch Exxon Mobil stocks. Exxon suffers 16% slump a year ago. (Bloomberg News)

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NY Mets GM Omar Minaya Next To Go?

New York Mets General Manager may still lose his job. (Bloomberg News)

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Lawsuit Against Peter Madoff Settled

The law student who sues Bernie's brother, settle his case yesterday. (Bloomberg News)

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Temasek May Seek Outside Investors

Temasek holdings consider outside investors. (Bloomberg News)

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Make His A Bud

President Obama hosts Harvard Professor Gates and Officer James Crowley for a beer summit at the White House. (Bloomberg News)

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Bankruptcy Judge Overrules Delphi Objections

U.S. bankruptcy judge overrule Delphi objections. (Bloomberg News)

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Sanofi To Buy Mercks's Merial

Sanofi buy Merck's Muriel for $4 billion. (Bloomberg News)

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Asian Market Check

Asian market gets back to its winning ways after the declines yesterday. (Bloomberg News)

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Shell Earnings Slump

Shell reports 70% drop in profit. Oil production also falls. (Bloomberg News)

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US Clunker Cash May Run Out - WSJ

The cash for clunkers program money soon to run out. (Bloomberg News)

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Finalist For SEC Chief Accountant Job

Shapiro may appoint Coker as chief accountant. (Bloomberg News)

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Morgan Stanley And Wells Fargo May Stop ETF Sales

Morgan Stanley and Wells Fargo decides whether to continue sales of leveraged and inverse trading funds. (Bloomberg News)

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Murdoch Vs. Berlusconi

Berlusconi blames media over Sordid headlines. (Bloomberg News)

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Sony To Book Second Straight Annual Loss

Sony reports the second straight quarterly loss. (Bloomberg News)

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Cablevision Potentially Preparing Spinoff

Cablevision prepares to spinoff its assets. (Bloomberg News)

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Honeymoon Over For Carol Bartz

Yahoo shares slump 12% after the firm received no cash from its new partnership with Microsoft. (Bloomberg News)

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Merkel Vs. GM

Merkel favors Magna; G.M. wants R.H.J. (Bloomberg News)

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GM China Sees 70% Increase In July Sales

G.M.'s China division reports 70% increase in sales. (Bloomberg News)

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Citi Sees Rising Profit In Asia

Citigroup sees rising profits in Asia. (Bloomberg News)

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Health Care Roadblock Cleared

Some democrats who stand in the way of health-care legislation now climb onboard. (Bloomberg News)

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Obama Says Recession May Be Ending

President Obama says we are seeing the ending of the recession. (Bloomberg News)

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Senate Subpoenas Goldman, Deutsche & WaMu

The government issues subpoenas to several banks to know if fraud is partly to blame in mortgage crisis. (Bloomberg News)

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AAA-Rated CMBS Higher In '09

Top rated bonds backed by properties gain this year (Bloomberg News)

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Las Vegas Has Highest Foreclosure Rate

Las Vegas continues to have the highest foreclosure rate. (Bloomberg News)

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Bill Gross Favors "Strong" Company Debt, Equity

Gross says investors should favor debt and stocks of strong companies. (Bloomberg News)

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Oil To Reach $85 This Year - Goldman

Goldman Sachs says oil will reach $85 a barrel by the end of the year. (Bloomberg News)

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European Market Check

European stocks rise with more earnings news. (Bloomberg News)

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N.y./region- Woodstock Reflections

Harriet Fier, who attended the Woodstock Music and Art Fair 40 years ago, talks about her experience with her 17-year-old-son.

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With a few beers, Obama tries to patch up a race furor

Barack Obama had a beer with a white police officer and an eminent black scholar at the White House on Thursday, in a bid to quell a heated national furor over racial profiling. Obama welcomed distinguished Harvard University professor Henry Louis Gates and police sergeant Jim Crowley for beers on the White House Rose Garden, hoping to turn the page on a race row that erupted during a July 16 incident at the scholar's home.

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High-tech limb helps boy learns to walk

He�s only 4-years-old, but Harvey has already experienced more than many adults. This British kid survived meningitis but lost two legs. Today, he�s learning to walk and run, thanks to hi-tech artificial limbs tailor-made for him by a medical specialist in New York. This is a world first for a young child.

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Majorca lockdown after car bomb kills police

A car bomb outside a barracks on Majorca killed two police officers Thursday in an attack bearing the hallmarks of ETA, prompting authorities to order a lockdown of the Spanish resort island.

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Chinese dress up for manga championship

Teams of teenagers and men and women in their early 20s dress up as Asian popular culture manga characters and act out fantasy role playing games at China's annual Cosplay championship.

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Morocco's king pardons nearly 25,000 prisoners

To mark the 10th anniversary on the throne, Morocco's King Mohammed VI pardoned 24,865 prisoners and commuted 32 death sentences.

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Smugglers shepherd donkeys through Gaza's tunnels

For Palestinians living in the Gaza Strip, where vehicles are costly to buy and run, owning a donkey is priceless. However, getting a donkey past the Israeli blockade and into the territory is no mean feat. The animals are being smuggled through tunnels.

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Fugitive pieces- Paris street artists adorn city walls

Facades in Paris have never been the same since these street artists adorn them with their signature paintings, including men in black raincoats, white painted bodies or animal drawings. An exhibition in the capital pays hommage to the artists -- Nemo, Mosko and Mesnager -- whose paintings are well-known to Parisians, although their creators are not.

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Scotland claims Asian curry as its own

Chicken tikka masala -- that famous Asian curry. Or so we thought. One restaurant in Glasgow is claiming it invented the dish and now the city is going to the European Union to get it confirmed as a Scottish delicacy.

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A portrait of Myanmar's most famous political prisoner

Aung San Suu Kyi is no stranger to arrest or efforts by Myanmar's military regime to rein in her influence. The opposition leader has spent nearly 14 of the past 20 years in detention and -- should the court rule against her -- may spend another five in jail. A portrait of the Nobel peace prize winner.

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