California markets

California markets - News

Stater Bros. Markets to sell Santee Dairies to Dean Foods - Los Angeles Times

Los Angeles Times, CA - Apr 14, 2009

Stater Bros. Markets to sell Santee Dairies to Dean FoodsDivesting the milk producer should allow it to win a bigger share of the milk business in Southern California, Stater Bros. CEO Jack Brown says. By Jerry Hirsch Stater Bros. Markets has ended a potential food fight, saying Monday that it would sell its Stater Bros. Markets to Sell Santee Dairies, Inc.

EBay Plans Skype IPO to End ‘Marriage Made in Hell’

Bloomberg - Apr 15, 2009

EBay, based in San Jose, California, dropped 4 cents to $14.34 at 9:39 am New York time in Nasdaq Stock Market trading. The shares had climbed 3 percent this year before today. Skype’s founders, Niklas Zennstrom and Janus Friis, had approached several

Schwarzenegger to Seek Obama Backing for Government Note Sales

Bloomberg - Apr 15, 2009

By William Selway and Michael B. Marois April 15 () -- California Governor Arnold Schwarzenegger and state finance officials plan to press the federal government to insure the short-term debt that local governments rely upon to pay their bills California wants federal government to insure local debt California Begs Washington To Insure Its Debt

S&P gives California Build America Bonds 'A' rating

Reuters - Apr 15, 2009

Issuers large and small plan to begin issuing the new type of debt, which aims to help raise funds for rebuilding infrastructure amid stressed municipal bond markets. California is planning to sell $3 billion to $4 billion in taxable general obligation NY's MTA, California join Build America bond wagon

Calpers Seeks to Buy TARP Holdings, Citigroup Assets

Bloomberg - Apr 15, 2009

CNBC“Credit is still tight in the markets, but we’re able to raise enough cash to still make good deals and position ourselves for an eventual market turnaround,” Jones added. The Sacramento, California-based fund invests 7.6 percent of its funds in cash, Calpers to buy troubled assets from Citi, TARP banks CalPERS assets down 6% in Q1

Calpers Seeks to Buy TARP Holdings, Citigroup Assets

15.04.09

By Saeromi Shin

April 15 (Bloomberg) -- The California Public Employees’ Retirement System said it’s seeking opportunities to buy assets of Citigroup Inc. and other financial companies tied to the U.S. government’s $700 billion Troubled Asset Relief Program.

Calpers, as the largest U.S. public pension manager is known, said today it’s setting aside “billions of dollars” amid the credit crunch and is ready to deploy capital. It added that there’s a “glimmer of hope” in the stock market.

The pension fund is seeking to buy “some of the assets of these financial companies such as Citi and the others, assets that they’re trying to get off their balance sheets,” Henry Jones, a Calpers board of administration member, said in an interview after a speech in Seoul.

Calpers’s cost of managing its investments declined to the lowest level since 2004 after the value of fund holdings fell 27 percent this fiscal year, and it projects its investment costs will fall to $817 million in the 12 months that begin July 1, down from $1.04 billion last year, according to a report that will be presented to the fund’s governing board. That is the lowest since the fund spent $523 million in the fiscal year that ended June 30, 2004.

Source: Bloomberg

The US dollar strengthened after disappointing US retail sales data

The US dollar strengthened after disappointing US retail sales data and caution ahead of a string of corporate earnings boosted safe-haven flows into the US dollar. The greenback, however, fell for a third day against the yen, the longest stretch of decline in two months as US retail sales decreased 1.1 percent last month after a revised 0.3 percent advance in February. The disappointing indicator further fueled worries about a shaky global economy and helped reverse some of the recent