SAC E-Mails Show Cohen Consulted on Dell Trade
Dec. 17 (Bloomberg) -- Two days before Dell was set to report second-quarter 2008 earnings, Jon Horvath, a technology analyst at SAC Capital Advisors, e-mailed his boss Michael S. Steinberg and another portfolio manager to warn that the computer maker would miss earnings estimates. Bloomberg's Su Keenan reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)
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Statoil Comfortable With Financial Situation, Says Saetre
24:49 - Statoil ASA, Norway’s biggest oil producer, reported its first adjusted loss following the plunge in crude prices that has roiled the industry for nearly two years. The company also deepened spending cuts. Adjusted earnings after tax, which excludes financial and other items, dropped to a loss of $28 million from a $929 million profit a year earlier, the Stavanger-based company said Wednesday. That missed the $294 million average estimate in a Bloomberg poll of 16 analysts. Statoil CEO Eldar Saetre tells Bloomberg's Anna Edwards and Manus Cranny on "Countdown" he's very comfortable with financial situation adding the oil price impact in line with expectations.