No U.S. Deadlines for Iran's Nuclear Program
Sept. 10 (Bloomberg) -- In "Street News," Bloomberg's Scarlet Fu reports on today's top stories including Secretary of State Hillary Clinton states the U.S. has set no deadlines for Iran's nuclear program, Chicago teachers are set to strike for the first time in 25 years and JPMorgan Chase may reduce 2012 bonuses for top management including CEO Jamie Dimon. She speaks on Bloomberg Television's "Bloomberg Surveillance."
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Where Are Oil Prices Headed Next?
57:54 - The three-month rally in oil may not be enough to turn around the fortunes of the riskiest U.S. energy companies, but it has allowed them to remove an undesirable label: distressed. The average extra yield investors now demand to hold junk energy bonds rather than Treasuries has fallen below the 10 percent threshold at which bonds are considered distressed. For investors who’ve had the stomach to hold these securities, the rally has resulted in gains of more than 30 percent since oil bottomed in February. Goldman Sachs Senior Equity Strategist Sharon Bell discusses with Bloomberg's Francine Lacqua on "The Pulse."