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18Oct/108:27 PM

Video: BGC's Purves Sees Gold Prices Rising for `Several Years': Video

Oct. 18 (Bloomberg) -- Michael Purves, head of derivatives research at BGC Partners Inc., talks about the outlook for gold prices. Purves also discusses U.S. stocks and his investment strategy. He talks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)
18Oct/108:21 PM

Video: BGC's Purves Sees Gold Prices Rising for `Several Years': Video

Oct. 18 (Bloomberg) -- Michael Purves, head of derivatives research at BGC Partners Inc., talks about the outlook for gold prices. Purves also discusses U.S. stocks and his investment strategy. He talks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)
18Oct/107:28 PM

Video: Gleacher's Marshall Sees Apple Shares Rising to $345: Video

Oct. 18 (Bloomberg) -- Brian Marshall, an analyst with Gleacher & Co., talks about Apple Inc.'s fourth-quarter performance and the outlook for the company's shares. Apple reported sales and profit that beat analysts' estimates, citing demand for iPhones and iPad tablet computers for students heading back to school. Marshall talks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)
18Oct/107:15 PM

Video: Turner Says Technology Industry in `New Wave of Growth': Video

Oct. 18 (Bloomberg) -- Robert Turner, chairman and chief investment officer of Turner Investment Partners, talks about Apple Inc.'s fourth-quarter performance and the outlook for the technology industry. Turner also discusses the outlook for Apple's shares, and prospects for Arm Holdings PLC, Qualcomm Inc. and Broadcom Corp. He talks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)
18Oct/106:11 PM

Video: JPMorgan's Lee Sees No S&P 500 Earnings Growth in 2011: Video

Oct. 18 (Bloomberg) -- Thomas Lee, chief U.S. equity strategist for JPMorgan Chase & Co., talks about his decision to raise his 2010 per-share profit estimate for Standard & Poor’s 500 Index companies to $84.50 from $84 and the outlook for earnings in 2011. Lee speaks with Matt Miller on Bloomberg Television's "Street Smart." (This is an excerpt from the full interview. Source: Bloomberg)
18Oct/105:51 PM

Video: Kaufman Brothers' Wu Says `Apple Continues to Deliver': Video

Oct. 18 (Bloomberg) -- Shaw Wu, an analyst at Kaufman Brothers, talks about Apple Inc.'s fourth-quarter results and product outlook. Apple reported sales and profit that beat analysts’ estimates, citing demand for iPhones and iPad tablet computers for students heading back to school. Net income rose to $4.31 billion or $4.64 a share. Wu speaks with Carol Massar, Matt Miller and Julie Hyman on Bloomberg Television's "Street Smart." (Source: Bloomberg)
18Oct/104:57 PM

Video: St. Jude Medical to Acquire AGA Medical Holdings

St. Jude Medical (STJ) said today it has agreed to acquire AGA Medical Holdings (AGAM) for $20.80 per share in cash.
18Oct/104:51 PM

Video: BHP, Rio Tinto End Iron Ore JV

BHP Billiton (BHP) and Rio Tinto (RIO) have put an end to their planned $116 billion iron ore joint venture. The 50:50 joint venture in Western Australia faced heavy opposition from regulators in Europe, Australian and Asia, and would likely not have been approved.
18Oct/104:43 PM

Video: Pharma: Pfizer, Allergan

Pfizer (PFE) and India-based biotech Biocon, said today they have entered into an agreement on the commercialization for four Biocon insulin products. Pfizer will have exclusive rights to commercialize Recombinant Human Insulin, Glargin, Aspart and Lispro globally, except in Germany, India and Malaysia.
18Oct/104:37 PM

Video: Northeast Utilities, NSTAR Agree to Merge

Northeast Utilities (NU) and NSTAR (NST) said today that they have agreed to merge, in a deal that will create one of the nations largest utilities, with an enterprise value of $17.5 billion. The combined company will continue to be called Northeast Utilities.
18Oct/104:30 PM

Video: Monday Sector Leaders: Education & Training Services, Biotechnology Stocks

In trading Monday, education & training services shares were relative leaders, up on the day by about 1.6%. Leading the group were shares of Devry (DV), up about 6.2% and shares of ATA (ATAI) up about 5.1% on the day.
18Oct/104:16 PM

Video: Whalen Calls U.S. Foreclosure Crisis a `Cancer': Video

Oct. 18 (Bloomberg) -- Christopher Whalen, managing director of Institutional Risk Analytics, talks with Bloomberg’s Mark Crumpton about the impact of U.S. mortgage foreclosures on banks and the housing market and the outlook for the economy. Whalen is author of the book “Inflated: How Money and Debt Built the American Dream.” (Source: Bloomberg)
18Oct/103:52 PM

Video: Monday Sector Laggards: Construction Materials & Machinery, Water Utilities

In trading on Monday, construction materials & machinery shares were relative laggards, down on the day by about 1.1%. Helping drag down the group were shares of Eagle Materials (EXP), off about 3.8% and shares of James Hardie Industries (JHX) off about 2.5% on the day.
18Oct/103:44 PM

Video: J.C. Penney Adopts Poison Pill Plan

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18Oct/103:26 PM

Video: NAHB's Crowe Sees `A Lot' of Pent-Up Demand for Houses: Video

Oct. 18 (Bloomberg) -- David Crowe, chief economist for the National Association of Home Builders, talks with Bloomberg's Lisa Murphy about the outlook for the U.S housing market Confidence among U.S. homebuilders rose in October to the highest level in four months, a sign residential construction is stabilizing at depressed levels. (Source: Bloomberg)
18Oct/102:59 PM

Video: Gengaro Sees `Very Good Opportunity' to Buy Halliburton: Video

Oct. 18 (Bloomberg) -- Stephen Gengaro, an analyst at Jefferies & Co., talks with Bloomberg's Lisa Murphy about Halliburton Co.'s third-quarter results and his investment strategy for the company. Halliburton, the world’s second-largest oilfield-services provider, declined after profit fell in all regions outside of North America, disappointing investors’ expectations of a bigger improvement in global business. (Source: Bloomberg)
18Oct/102:57 PM

Video: Citigroup Swings to a profit in Q3

Citigroup (C) said today it swung to a profit for its third quarter. The bank said it earned $2.2 billion, or $0.07 per share, compared to a loss of $3.2 billion, or $0.27 per share, tin the same quarter last year.
18Oct/102:44 PM

Video: Today's Big Losers: MMR, URRE, IDT

McMoRan Exploration (MMR) said that production is expected to average approximately 140 MMcfe/d in the fourth quarter of 2010 and 160 MMcfe/d for the year, therefore reducing their full year estimate. Shares of McMoRan are down 9.5%.
18Oct/102:36 PM

Video: Daily Dividend Report: SO, AOS, AT, EAD, RYN

This morning, Southern Company (SO) declared its quarterly dividend of 45.5 cents per share, maintaining the amount paid to shareholders last quarter. Based on the current stock price, investors can expect a yield of about 4.8% going forward.
18Oct/102:29 PM

Video: Bove Sees Citigroup Shares Doubling in `Couple of Years': Video

Oct. 18 (Bloomberg) -- Richard Bove, an analyst at Rochdale Securities, talks with Bloomberg's Lisa Murphy about Citigroup Inc.'s third-quarter results and the outlook for the bank, which is 12 percent-owned by U.S. taxpayers. Citi said said profit surged, beating analysts estimates as the company reduced loan-loss reserves by $1.99 billion. Net income was $2.17 billion or 7 cents a share. (Source: Bloomberg)