Washington area homes not immune to losses
Homeowners looking to sell face steep losses despite a rebound in home values throughout the Washington area. In many cases the recent uptick in value doesn't offset the declines from the previous four years. In the third quarter of last year, 54 percent of sellers accepted less than they had paid for their properties, according to a Washington Post analysis of sales records.
Lighting switch requires a change in mind-set
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Alpha Natural reaches $7.1B deal for Massey Energy
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Europe's financial contagion
Interactive graphic
Greece sneezed, and now most of Europe has a cold. The European debt crisis has already spread like a virus from Greece to Ireland, and other countries are now at risk. Economists call this the "contagion effect."
What's Your Take?
What do you think of the tax cut deal President Obama struck with the GOP?
Compromise has never been at the core of truly Presidential leadership-and that was what was needed from Obama in this time of critical mass in America. Thirteen months of unemployment benefits is a pittance compared to the infrastructure jobs programs we could have created with $1.4T over two years. Some deal!
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Business Video from Bloomberg
Axelrod on Egypt Protests: Political Capital With Al Hunt
Jan. 28 (Bloomberg) -- White House adviser David Axelrod talks with Bloomberg's Al Hunt about Egypt's political unrest and the need for democratic "reforms" in the country. Bloomberg's Hans Nichols and Lisa Lerer discuss President Barack Obama's State of the Union address and Egypt's government. Bloomberg's John McCormick reports on Rahm Emanuel's bid to succeed Richard M. Daley as mayor of Chicago. Commentators Margaret Carlson and Kate O'Beirne discuss Obama's speech and the Republican Party's response. (Source: Bloomberg)
Rutherford Doubts Mubarak Speech Will Calm Protestors
Jan. 28 (Bloomberg) -- Bruce Rutherford, a professor at Colgate University, talks about Egyptian President Hosni Mubarak's call for the country's government to resign. In a televised address to the nation, Mubarak says the new government would fight poverty, speed economic and social changes, and promote civil liberties and democracy. Rutherford speaks with Pimm Fox on Bloomberg Television's "Taking Stock." (This is an excerpt of the full interview. Source: Bloomberg)
Gerges Says Egypt Protests Signal Beginning of New Era
Jan. 28 (Bloomberg) -- Fawaz Gerges, a professor at the London School of Economics, talks about protests against Egyptian President Hosni Mubarak's government. He speaks with Matt Miller and Carol Massar on Bloomberg Television's "Street Smart." (Source: Bloomberg)
U.S. Stocks Plunge on Egyptian Protests, Oil Rises
Jan. 28 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. Stocks worldwide plunged the most since November, crude oil posted the biggest jump since 2009 and the dollar rose versus the euro after protesters posed the biggest challenge to Egyptian President Hosni Mubarak's 30-year rule. Bloomberg's Pimm Fox also speaks. (Source: Bloomberg)
Gnehm Says `Years of Frustration' Driving Egypt Protests
Jan. 28 (Bloomberg) -- Edward Gnehm, former U.S. ambassador to Jordan, and John Brynjolfsson, chief investment officer at Armored Wolf LLC, talk about the protests in Egypt. Egyptian protesters clashed with police throughout the country and into the night, defying a curfew and setting fire to some buildings, in the biggest challenge to President Hosni Mubarak's 30-year rule. Gnehm and Brynjolfsson speak with Matt Miller on Bloomberg Television's "Street Smart." (This is an excerpt from the full interview. Source: Bloomberg)
Greiner Says Egypt Unrest Creating Volatility in Markets
Jan. 28 (Bloomberg) -- William Greiner, chief investment officer of Scout Investment Advisors, and Tres Knippa of Lotus Brokerage Services, talk about the impact of the anti-government protests in Egypt on U.S. financial and commodity markets. They speak with Matt Miller, Carol Massar, Dominic Chu and Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)
Marcel Smits Says Sara Lee Split `Good' for Shareholders
Jan. 28 (Bloomberg) -- Sara Lee Corp. Chief Executive Officer Marcel Smits talks about splitting the company in two after the maker of Ball Park hot dogs failed to agree to takeover offers from other suitors. Smits talks with Jon Erlichman on Bloomberg Television's "Bottom Line." (Source: Bloomberg)
CF's Wilson Says N. American Investment More Attractive
Jan. 28 (Bloomberg) -- Stephen Wilson, chairman and chief executive officer of CF Industries Holdings Inc., talks about food inflation, grain and natural-gas prices, and his company's growth strategy. CF Industries is North America's largest maker of nitrogen fertilizer. Wilson speaks with Julie Hyman on Bloomberg Television's "Bottom Line." (Source: Bloomberg)
Whalen Expects `Another Peak' in Foreclosures in 2011
Jan. 28 (Bloomberg) -- Christopher Whalen, managing director of Institutional Risk Analytics, talks about the outlook for the U.S. housing and mortgage markets. Whalen speaks with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg)
Schanzer Says Educated Classes Driving Egypt Protests
Jan. 28 (Bloomberg) -- Jonathan Schanzer, vice president of research at the Foundation for Defense of Democracies, talks about protests in Egypt and the Middle East. Egyptian protesters clashed with police throughout the country and into the night, defying a curfew and setting fire to some buildings, in the biggest challenge to President Hosni Mubarak's 30-year rule. Schanzer talks with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg)
Kerry Urges Egypt to Respect the Democratic Process
Jan. 28 (Bloomberg) -- U.S. Senator John Kerry, a Massachusetts Democrat, talks with Bloomberg's Olivia Sterns at the World Economic Forum in Davos, Switzerland, about the unrest in Egypt. Protesters demonstrated throughout Egypt with clashes erupting in central Cairo, in the biggest challenge to President Hosni Mubarak's 30-year rule. (Source: Bloomberg)
Edward Djerejian Hopes for a Political Opening in Egypt
Jan. 28 (Bloomberg) -- Edward Djerejian, former U.S. ambassador to Israel and Syria, talks about the anti-government protests in Egypt and the outlook for a political solution to the unrest. Djerejian speaks with Lisa Murphy on Bloomberg Television's "Fast Forward." (Source: Bloomberg)
Porter Says Companies Missing Chance to Create Value
Jan. 28 (Bloomberg) -- Michael Porter, a professor at Harvard Business School, talks about corporate strategy and the need for companies to address social issues. Porter talks with Tom Keene at the World Economic Forum in Davos, Switzerland, on Bloomberg Television's "Surveillance Midday." (Source: Bloomberg)
IMF's Lipsky Says Ireland Must `Deliver' Fiscal Changes
Jan. 28 (Bloomberg) -- International Monetary Fund First Deputy Managing Director John Lipsky talks about global policy coordination, fiscal challenges and economic outlook. He speaks with Tom Keene on Bloomberg Television's "Surveillance Midday" at the World Economic Forum in Davos, Switzerland. (Source: Bloomberg)
Mulally Says Ford Profitability, Hiring to Rise in 2011
Jan. 28 (Bloomberg) -- Alan Mulally, chief executive officer of Ford Motor Co., discusses the company's fourth-quarter profit, forecasts and spending. The second-largest U.S. automaker, said fourth-quarter profit fell 79 percent as its European unit had an unexpected loss and new models drove upcosts. Mulally talks with Tom Keene on Bloomberg Television's "Surveillance Midday." (Source: Bloomberg)
Kanas Says BankUnited Plans to Acquire in Florida, NYC
Jan. 28 (Bloomberg) -- John Kanas, president and chief executive officer of BankUnited Inc., discusses the outlook for the company following its initial public offering. The bank, acquired by buyout firms including Blackstone Group LP, Carlyle Group and WL Ross & Co. after it was shut by regulators in 2009, raised $783 million in an IPO, or 19 percent more than sought. Kanas talks with Margaret Brennan and Jon Erlichman on Bloomberg Television's "InBusiness." (Source: Bloomberg)
ElBaradei, Annan, Obama's Own Words on Egyptian Protests
Jan. 28 (Bloomberg) -- President Barack Obama, former U.S. president Bill Clinton and Egyptian government opponent Mohamed ElBaradei talk about the clashes on the streets of Cairo demanding the end of President Hosni Mubarak's regime. This report also includes comment from former United Nations Secretary General Kofi Annan, Organization of Economic Cooperation and Development Secretary General Angel Gurria, International Monetary Fund Middle East Adviser Masood Ahmed and Bahraini banker Khalid Abdulla-Janahi. This report contains some video provided by APTN.
Rubin Says U.S. Having `Tough Time' on Response to Egypt
Jan. 28 (Bloomberg) -- James Rubin, co-executive editor of Bloomberg View and a former assistant secretary of state under President Bill Clinton, talks about the unrest in Egypt and the U.S. response to the situation. Clashes erupted as Egyptian authorities tried to prevent demonstrations in Cairo, where protesters chanting "liberty" and "change" assembled to demand the end of President Hosni Mubarak's 30-year rule. Rubin speaks with Margaret Brennan on Bloomberg Television's "InBusiness." (Source: Bloomberg)
Dimon Says Regulation Needs to Be More Intelligent
Jan. 28 (Bloomberg) -- Jamie Dimon, chief executive officer of JPMorgan Chase & Co., discusses financial regulation and the need for fiscal discipline in the U.S. Dimon speaks with Erik Schatzker on Bloomberg Television's "InBusiness" at the World Economic Forum in Davos, Switzerland. (Source: Bloomberg)
Carney Says Canadian Dollar `Strength' Threatens Growth
Jan. 28 (Bloomberg) -- Bank of Canada Governor Mark Carney talks about the risk to growth from his country's currency and the impact of rising food prices. Carney also discusses Canadian monetary and fiscal policy. He speaks with Bloomberg Television's Erik Schatzker at the World Economic Forum meeting in Davos, Switzerland.