Good afternoon, I’m Courtney Woodworth and you’re watching Smartrend News. Today is Thursday February 2nd, 2012 and this is your market close wrap up. US equity indices closed mixed Thursday as 367000 jobless claims were reported, versus the expected 317000.
“The major US equity indices closed mixed Wednesday as the Dow broke though into positive territory and the other averages came off their worst levels. The market opened lower and fought to get to positive territory by the end of the session. There had been little in the way of help, as little economic data had been reported in the US In Europe, the news had been fairly quiet as well, as everyone awaits the upcoming EU summit. In corporate news, Citigroup (NYSE:C) CEO Vikram Pandit announced that the bank plans to cut 4500 jobs, or about 1.5% of its global workforce of 267000, over the next few quarters. And, JC Penney Company (NYSE:JCP) and Martha Stewart Living Omnimedia (NYSE:MSO) announced they have entered into a strategic alliance to create a unique and comprehensive retail experience.
Oct. 14 (Bloomberg) — Shawn Carolan, a managing director at Menlo Ventures, talks about his investment in Siri Inc., a voice-recognition software company Apple Inc. acquired. Apple integrated the technology into its iPhone 4S. He speaks with Cory Johnson on Bloomberg Television’s “Bloomberg West.” Jon Erlichman also speaks.
Oct. 3 (Bloomberg) — Mark Hurd, co-president of Oracle Corp., talks about the company’s products, acquisitions and growth strategy. He speaks with Cory Johnson on Bloomberg Television’s “Bloomberg West.” (Source: Bloomberg)
Sept. 30 (Bloomberg) — Daniel Wiener, chairman of Adviser Investment Management, David Blanchflower, a professor at Dartmouth College and Bloomberg Television contributing editor, and Jonathan Weil, a columnist for Bloomberg View, talk about the outlook for the US economy and investment strategy. They speak with Pimm Fox on Bloomberg Television’s “Taking Stock.” (Weil is a Bloomberg View columnist.
Sept. 28 (Bloomberg) — Peter Tchir, managing director at TF Market Advisors, Troy Gayeski, senior portfolio manager at SkyBridge Capital LLC, and Peter Coy, economics editor for Bloomberg Businessweek, talk about the European sovereign-debt crisis and investment strategy to take advantage of distress in the region’s credit markets. They speak with Pimm Fox on Bloomberg Television’s “Taking Stock.” (Source: Bloomberg)
Sept. 27 (Bloomberg) — Olivier Sarkozy, managing director of global financial services at Carlyle Group, talks about Europe’s sovereign debt crisis and the possible impact on the region’s banks. He speaks with Cristina Alesci at the Bloomberg Dealmakers Summit in New York on Bloomberg Television’s “Fast Forward.” (Source: Bloomberg)
Sept. 16 (Bloomberg) — Joseph Stiglitz, a Nobel-prize winning economist and a professor at Columbia University, discusses the risk of a recession in the US and Europe. He spoke yesterday with Bloomberg HT’s Cuneyt Basaran in Istanbul. (Source: Bloomberg)
Aug. 22 (Bloomberg) — Jon Merriman, chief executive officer of Merriman Holdings Inc., talks about the technology industry, initial public offering market, and Hewlett-Packard Co.’s decision to spin off its personal computer business and buy software maker Autonomy Corp. Merriman speaks with Emily Chang and Cory Johnson on Bloomberg Television’s “Bloomberg West.” (Source: Bloomberg)
Aug. 7 (Bloomberg) — Nouriel Roubini, co-founder of Roubini Global Economics LLC, and Christina Romer, a Bloomberg contributing editor and a former White House economic adviser, speak with Bloomberg’s Tom Keene about Standard and Poor’s downgrade of the US credit rating and its implications. Bloomberg’s Adam Johnson, Elliott Gotkine, Al Hunt and Sara Eisen also speak.