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Monday, August 24, 2009

Swine Flu Bolsters Glove Demand

Top Glove is the world's largest rubber glove maker which produces 40 billion gloves a year and the demand grows by at least 10% over the past two months due to swine flu. (The Bloomberg Edge)

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China Power Producers Are A Turnaround Story

Nomura says China power producers are proxy plays to economic growth. (The Bloomberg Edge)

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Inflation Anticipation

As bond yields rise, bond prices and inflation fall. (The Bloomberg Edge)

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Record Lending At Chinese Banks

China Construction Bank says a flood of cash in the banking system swells asset prices at a time when there are uncertainties in the economy. (The Bloomberg Edge)

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Ashes Post-Mortem Blame Game

There are calls to fire the captain, fire the coach and set the selectors. (The Trade)

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Caning Reprieve

One-month reprieve for Malaysian woman sentenced to caning for drinking beer. (The Trade)

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China's Aluminum And Copper Prices

Aluminum Corporation of China posts a bigger than expected loss and Jiangxi Copper falls 61% on the first quarter because of the lower prices of metal. (The Trade)

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China Beer Production

By volume sales, China's production of beer is larger than the U.S and Germany. (The Trade)

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Dollar And Yen Rise

DPJ Leader Hatoyama says domestic demand priority and Dollar and Yen rise as stock losses to revive demand for safety. (The Trade)

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Nasdaq Recovers By 50%

Fibonnaci method shows the Nasdaq breaks through 50% line of resistance. (The Trade)

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Philippine Stocks Jump

Philippine stocks rise most in seven months on economic outlook. (The Trade)

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Japanese Exporters Drop

Exports drop after SunTrust says property values may fall in the state and credit defaults rise. (The Trade)

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Evening News Online, 08.24.09

Monday: A criminal investigation opens concerning the alleged CIA torture techniques while interrogating suspected terrorists; Also, pop icon Michael Jackson's death ruled a homicide.

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Talk of the Town- Jackson killed by lethal dose

The latest celebrity and entertainment headlines including Michael Jackson's death attributed to a lethal dose and "Inglourious Basters" rocks the foreign box office.

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Fighting the H1N1 Flu

A group of presidential advisers said the H1N1 flu virus poses a serious health threat. Dr. Jennifer Ashton has more on the efforts to fight the flu quickly and safely.

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A Slave's Story

One hundred ninety five years ago, British troops set fire to the White House. A slave by the name of Paul Jennings was there and published the only known memoir at the time. Bill Plante has more.

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Jackson Death Ruled Homicide

An official says that the L.A. County coroner has ruled Michael Jackson's death a homicide. Meanwhile an affidavit reveals new details about the actions of the singer's doctor. Sandra Hughes reports.

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CIA Tactics Called 'Inhumane'

The government is launching a criminal investigation into what a new report describes as "unauthorized"' and "inhumane" practices by the CIA in dealing with terror suspects. Bob Orr reports.

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Hazardous Hurricane Waves

As Hurricane Bill passed by the Maine coast, it kicked up big waves. As Jim Axelrod reports, one of them hit Acadia National Park, where thousands of people were watching - ignoring storm warnings.

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CIA Interrogation Techniques

Katie Couric speaks with James Bamford, an author and CIA intelligence expert, about the latest reports alleging torture by CIA officials during the interrogations of alleged terror suspects.

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Bus crash in Peru kills 22

Twenty-two die in Peruvian bus accident, including a 27-year-old Australian tourist

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Critics' Picks- 'Gattaca'

A. O. Scott looks at Gattaca and examines the fate of the individual in a highly regulated social order.

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Optimism the only driver?

Optimism overshadows skeptic's concerns as the US stock market rises to 10 month highs.

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Probe ordered into prisoner abuse

U.S. Attorney General Eric Holder has decided to appoint a special prosecutor to investigate allegations of prisoner abuse in Iraq and Afghanistan.

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Inside Look - Reverse Stock Splits

Analysis and Discussion with Jason Frankl of FTI Consulting (Taking Stock)

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Should Berkshire Hathaway Slim Down Its Portfolio?

Big "Legacy" Companies Operate from Disadvantages - Analysis and Discussion with Charles Nortel of Newport Value Partners (Taking Stock)

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All New 48 Hours

Get ready for a brand new season of the hit CBS News series, "48 Hours Mystery," featuring the latest and most provocative crime headlines.

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In-Depth Look - Bank of America Ducks Subprime Label

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

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In-Depth Look - Harvard Endowment Increases Cash

Harvard Endowment Value Fell an Estimated 30% About $25.8 Billion in the Year Ended June 30th (Bloomberg News)

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Notebook- 'Wee Wee Up'

Katie Couric comments on neology, the invention of new words. President Obama used one when speaking about Washington being 'wee wee'd up'. Time will tell if this phrase makes it into popular culture.

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Commodities Outlook - China Shuns Coal Imports

China Imported Record 48 Million Tons of Coal - Analysis and Discussion with Bart Melek of BMO Capital Markets (Bloomberg News)

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Market Close 8.24

S&P and Dow Both Remain Virtually Flat, Nasdaq Falls Less Than 1%; Regional Banks Fall Over 3%; ExxonMobil Shares Rise Nearly 2%, Chevron Up 1.5%; Morgan Stanley Energy Call Brings Shares of Group Generally Higher; Boeing Shares Rise Nearly 3% After Getting Pentagon Order (Bloomberg News)

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In-Depth Look - Shape of the Economic Recovery

Analysis and Discussion with University of Maryland Business Professor Peter Morici: Recovery Will Be an "X" (Bloomberg News)

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Sugarland Reenactment

Bart Whitaker, shot in the arm the night a gunman killed his parents, reenacts the event as he remembers it with police officers.

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Claudette Hits Florida

The storm season is starting to rev up. Hurricane Bill is heading toward Bermuda while Claudette made landfall in Florida overnight as a tropical storm then quickly lost steam. Karen Brown reports.

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McScorpion

CBS News RAW: An Arizona teacher got an unwanted side dish with his McDonald's breakfast. Inside the bag, along with his Egg McMuffin, Teacher Jeff Tallman said he found a venomous scorpion.

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Business Update- Wall Street smiles

U.S. stocks joined global counterparts in setting new highs for the year amid signs the world is emerging from recession.

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Fed Focus - Changing the Role from Villain to Hero

Fixing the Financial System - Interview with Henry Kaufman, Author of "On the Road to Financial Reformation" (Bloomberg News)

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In-Depth Look - GM May Decide to Keep Opel

Germany's Chancellor Merkel Wants Quick Resolution, GM Held Two Board Meetings in August With No Clear Decision (Bloomberg News)

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Early Backstage- Wardrobe Dept.

Adam "The Audience Guy" toured "The Early Show" wardrobe department.

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Appreciating Hewitt

Don Hewitt, creator of 60 Minutes, and tv pioneer died at the age of 86. Hewitt not only shaped 60 minutes, but helped define all of broadcast news. Sunday Morning shows their appreciation to Hewitt.

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Jasmine Fiore Sexy Videos

Police believe Ryan Jenkins murdered his bikini model ex-wife Jasmine Fiore then took his own life a week later. Before the tragedy, the couple made sexy videos posted on Jenkins' MySpace page.

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Inside Look - China Property Sales Boom

China's Economic Outlook - Interview with Brookings Institution Senior Fellow Eswar Prasad (Bloomberg News)

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Big Bamb??

The making of the T for the Fall Women's Fashion issue.

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Special Report - Apple Defies Recession

Apple Plans to Open 25 Retail Locations This Year (Bloomberg News)

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Unplugged- Uncovering CIA Interrogations

The Justice Department has released a report detailing interrogation techniques used during the Bush administration, including mock executions. John Dickerson spoke with CBS News Nation Security Analyst Juan Zarate and Former CIA case officer and author Bob Baer.

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Poland power plant plans CO2 capture

Poland's Belchatow power plant, Europe's largest polluter, is planning to curb its emissions with the help of millions of euros of EU investment.

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Joan Cusack talks about Acceptance

Actress Joan Cusack talks about her role in the film 'Acceptance', and says parents often pressure their kids when the time comes to apply to college.

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Economic Expectations - Money Supply Will Lead to Inflation

A Pension Fund Perspective - Interview with William Atwood, Executive Director of Illinois State Board of Investments (Bloomberg News)

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First Vacation For The First Family

CBS News White House Producer Rob Hendin takes a "behind the scenes" look at the Obamas week-long vacation in Martha's Vineyard.

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Sector to Watch - Financials

Financials Lead U.S. Rally; SunTrust CEO Says Credit Losses Will Continue; Deutsche Bank Raises Hartford's Price Range, Insurance Stocks Rally; Deposits Jump at Banks - BBVA Buying Guaranty Seemed Threatening; Colonial Bank's Failure Involving More Than $10 Billion in Assets (Bloomberg News)

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Market Outlook - Is The Worst Behind Us?

Analysis and Discussion with Mark Vitner of Wells Fargo Securities (Bloomberg News)

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Facebook to Boost Staff by 50%

No Else Has Been Hiring - CEO Mark Zuckerberg Focusing on Cost and Calls New HQ a Garage-Like "Bunker" (Bloomberg News)

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England jubilant after Ashes win

England captain Strauss says guts, determination and character won back the Ashes but Australia rues selection decision.

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In-Depth Look - "Inglourious Basterds" Opens at #1

Basterds Wins Big at the Box Office, Beating Early Projections of $25-$30 Million (Bloomberg News)

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Investment Strategies - Dynamic Financial Investing

Tracking Financials - Analysis and Discussion with Peter Kovalski of Alpine Mutual Funds (Bloomberg News)

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In-Depth Look - Scottish Justice Defends Decision

Furor Over Release of Lockerbie Bomber Al-Megrahi Last Week on Compassionate Grounds; Trade Deal Between Libya and UK? (Bloomberg News)

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'Clunkers' Mad Dash

The government's "Cash for Clunkers" program was an overall success as with almost half a million cars sold through the program. Terrell Brown reports.

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Inside Look - End of Bull Market in Bonds?

Interview with Loomis Sayles & Co. Vice Chairman Daniel Fuss (Bloomberg News)

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Germany urges GM to name Opel buyer

The German government calls on GM to choose a buyer for carmaker Opel quickly, and labour unions threaten industrial action if the decision doesn't come soon.

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Golfer Admits Breaking Rules

Pro golfer J.P. Hayes turned himself in after he unwittingly used a non-regulation prototype ball for two shots in the PGA tournament. Mark Strassmann reports.

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911- Death Of A Dream

An aspiring Broadway dancer is murdered. Did her secrets contribute to her death?

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Media Monday - Future of Newspaper Reorganization

Buyout Plan Proposed for Philadelphia Newspapers - Interview with Philadelphia Media Holdings CEO Brian Tierney (Bloomberg News)

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The Currency Report - Mexican Peso

Mexican Peso Touches Highest Level Since November; Mexican Central Bank Kept Rate Unchanged at 4.5%, First Time Ever (Bloomberg News)

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Minister defends al-Megrahi release

Scottish Justice Secretary Kenny MacAskill defends his decision to release the Lockerbie bomber on compassionate grounds.

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Garnishing with Garden Greens

Chris Wragge spoke to chefs Clark Frasier and Mark Gaier, who demonstrated how to fresh herbs in the kitchen in salads, sauces, and vinaigrettes.

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Fragrances and Mood

Beauty expert Jenn Falik spoke with Maggie Rodriguez about how fragrance can affect your mood and confidence.

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Vampires in Pop Culture

The Early Show correspondents discuss the recent popularity of vampires in pop culture, and the history of popular vampire books, movies and television shows. Michelle Miller reports

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Healthy Food Awards

Chris Wragge spoke to nutrition and diet editor Erin Hobday from Self Magazine about the winners of their healthy food awards, and tips on how to make healthy choices in the supermarket.

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Teen ADHD Drug Abuse

Dr. Alanna Levine spoke with Chris Wragge about the prevalence of ADHD drug abuse in teens and what parents can do to educate their children.

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Fatal Attraction

Maggie Rodriguez spoke to forensic psychiatrist Michael Welner about the probable murder of swimsuit model Jasmine Fiore and subsequent suicide of reality star Ryan Jenkins.

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Planes battle Greece wildfires

Large fires re-ignite north of Athens, sweeping through residential neighbourhoods, as Greek and foreign planes join the battle to bring them under control.

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Edwards Wife Ignores Tabloids

Elizabeth Edwards, wife of former North Carolina senator John Edwards, has a new perspective on life and tries to ignore what the supermarket tabloids say. Michelle Gielan reports.

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Scottish Justice Defends Decision

Scottish minister says values, law of Scotland mean to show mercy. (Bloomberg News)

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In-Depth Look - Mexico Decriminalizes Drug Possesion

Interview and discussion with Julie Myers Wood of the Immigration and Customs Solution. She says Mexico's new rules put more drugs in hands of more people. (Bloomberg News)

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Nokia Jumps Into Smartphone Arena

Nokia plans to chip away at the iPhone market share. (Bloomberg News)

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'My Husband is Annoying'

Maggie Rodriguez and Chris Wragge spoke with blogger Tiffanie Wong and her husband about her popular blog Myhubandisannoying.com.

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In-Depth Look - News Corp Dumps The Dow?

Interview and discussion with Benjamin Stretch of the Macquarie Capital. He talks about the possible move of News Corp. in dumping its Dow stocks. (Bloomberg News)

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Market Open 8.24

Suzanne O'Halloran is live in the New York Stock Exchange with the latest in the market. (Bloomberg News)

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Business Update- UK sentiment up

A survey shows optimism among business professionals in the third quarter hit its highest level since the start of the financial crisis two years ago.

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Green attitude at high altitude

CORPORATES AND CARBON: Paul Fabrications is gearing up on greener mechanisms in efforts to reduce its carbon footprint.

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In-Depth Look - Betting On Becton

Interview and discussion with Jim Tierney of the W.P. Stewart & Co. He talks about Warren Buffett's bet on Becton Dickinson stocks. (Bloomberg News)

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Future of Sanford's Marriage

S.C. Gov. Mark Sanford is in trouble again after not disclosing who paid for his travel expenses to see his mistress. Maggie Rodriguez spoke with close friends of Sanford's wife.

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Couple die in waterplane crash

A married couple have been killed after a waterplane they were on plunged into Germany's river Elbe.

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CDC Preps for H1N1 Vaccine

The Center for Disease Control is holding a conference for vaccinating against the H1N1 virus this school season. Dr. Jennifer Ashton reports.

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Maine Waves Turn Deadly

A group of swimmers were swept to sea after massive waves struck the Maine shore, one girl was killed, Randall Pinkston reports. Julie Chen spoke with rescuers at the scene.

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Pandas with the Mao factor

A store in Beijing offers cuddly panda bears in unique red guard suits, bikinis or nun's habits.

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Daredevils defy gravity on skates

Hundreds compete in the England leg of the IGAS World Cup, skating down a steep slope at speeds of up to nearly 100 kilometres per hour (62mph).

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In-Depth Look - Corporate Earnings

Interview and discussion with J.P.Morgan China Equities Chair, Jing Ulrich. She says domestic consumption is most attractive sector in China. (Bloomberg News)

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Manhunt Ends in Suicide

The former reality TV star suspected in the murder of his wife was found dead in an apparent suicide, Zulekha Nathoo reports. Hattie Kauffman reports on online videos posted by the suspect.

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Bill Gets A Downgrade

Hurricane Bill heads out to sea after sending waves into Acadia national park in Maine. (Bloomberg News)

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President Gets Down Time On The Vineyard

President Obama and his family arrive in Vineyard for there week-long vacation. (Bloomberg News)

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Afghanistan Security Situation Gets Worse

Afghanistan's security situation gets worse. John McCain says there are not enough troops deployed in the country. (Bloomberg News)

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Social Media Connotations

In a preview for "The Tomorrow Show," MC Hammer joins Mo Rocca to discuss social media in today's society. Is it just chit chatting or is it a reliable source of information?

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In-Depth Look - Birinyi And The Market

Interview and discussion with Laszlo Birinyi, President of Birinyi Associates. He shares his insights about the market. He says Market's strong rally since March came as a surprise. (Bloomberg News)

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England celebrates Ashes triumph

England's cricketers are warmly welcomed to their hotel, following a 2-1 Ashes series win over Australia.

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In-Depth Look - Systemic Risk Rankings

Interview and discussion with Viral Acharya of the NYU Stern School of Business. He talks about the viability of the systemic risk plan. (Bloomberg News)

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EX UBS Banker Sentenced

U.B.S. ex banker is sentenced to 4o months is prison. (Bloomberg News)

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Parents Positive About Quality of U.S. Education System

While less than half (45%) of all Americans are satisfied with the quality of the U.S. education system in general, 76% of parents of school-aged youth say they are either somewhat or completely satisfied with the education their child is receiving.

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Business Update- Asian shares surge

Asian stocks jump on upbeat U.S. housing data, lifting world shares to 10-month-high.

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Paramount Can't Afford Release

Paramount delays new Scorsese film, can't afford release. (Bloomberg News)

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Accidental Media Company?

J.P.Morgan Chase has interests in magazine properties with combined revenues of over $5 billion. (Bloomberg News)

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Bolt Goes For The Green

Jamaican sprinter Bolt finishes the race with three gold medals and two world record. He makes a lot of money from Puma, Gatorade. (Bloomberg News)

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Empire State Building Goes Green

Empire State building says to be more energy-efficient than 90% of all office buildings after the work is complete. (Bloomberg News)

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Giving Up On Compromise?

Senator Chuck Schumer says they will decide to push a bill on its own if it cannot get republican support. (Bloomberg News)

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Cerberus Investors May Withdraw

Cerberus investors could withdraw as much as four billion dollars in investments. (Bloomberg News)

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Harvard Endowment Sets Aside Cash

Harvard C.E.O. sets aside cash at the school prepares for a drop in fund returns. (Bloomberg News)

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Battle Over High-Frequency Trades

Senator Kaufman ask the SEC to look over high frequency trading. (Bloomberg News)

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Birinyi Still Bullish On Stocks

Roubini stays bullish on stocks and the big reasons are market breath. (Bloomberg News)

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Apple Defies Recession

Apple sales increase by 2.5%. (Bloomberg News)

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P&G Sells Prescription Drug Unit

Procter and Gamble's prescription drug unit goes to an Irish company for three billion dollars. (Bloomberg News)

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Facebook To Boost Hiring

Facebook plans to expand its staff for up to 50% this year. (Bloomberg News)

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Final Sales Surge - Cash For Clunkers

Many dealers end cash for clunkers, offers early to process paper works. (Bloomberg News)

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GM Close To Hummer Sale

General Motors is close to sell its Hummer unit to a Chinese machinery company. (Bloomberg News)

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Merkel Vs. GM

Angela Merkel calls G.M. to decide the future of the carmaker this week. She says a decision is "to urgently necessary, and that every day council workers and for the economic situation. (Bloomberg News) 3916 Bloomberg

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Madoff Has Cancer - NYPost

Bernie Madoff tells his inmates that he has cancer and doesn't have much longer to live. (Bloomberg News)

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Roubini Warns Of Double-Dip Slump

Roubini thinks that the global economy will bottom out later this year. (Bloomberg News)

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News Corp. May Sell Dow Jones Indexes

News Corp. considers the sale of its Dow Jones indexes. MSCI Inc, NYSE Euronext, Bloomberg LP are the said bidders. (Bloomberg News)

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European Market Check

Volatility in Europe drops after a strong economic data from last week. (Bloomberg News)

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Asian Market Check

Asian markets rallies. An analyst says "the fundamentals of the global economy and corporate earnings are improving." (Bloomberg News)

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Yemen govt says it killed 100 rebels

More than 100 rebels have been killed in battles, according to Yemen's government, as fighting in Saada intensifies.

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Toyota recalls China-made sedans

Toyota recalls its biggest number of cars in China to fix a faulty window switch.

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A Personal Lesson in Geriatric Care

Kristen Murphy, a medical student attending the University of New England, learns first hand what it feels like to be dependent on nursing home care.

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Fit-looking Castro appears on TV

Former Cuban President Fidel Castro appears on Cuban TV for the first time since June 2008 in what appears to be a signal that his once-failing health has improved.

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Health- A Personal Lesson in Geriatric Care

Kristen Murphy, a medical student attending the University of New England, learns first hand what it feels like to be dependent on nursing home care.

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Arts- Critics Picks- Gattaca

A. O. Scott looks at Gattaca and examines the fate of the individual in a highly regulated social order.

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T Magazine- Big Bamb250 T

The making of the T for the Fall Women's Fashion issue.

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