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CCTV Script 14/05/13

This is the script of CNBC's news report for China's CCTV on May 14, Tuesday.

Welcome to the CNBC Business Daily.

Bloomberg is trying to do damage control for what it calls "inexcusable behaviour" as it grapples with more dirt coming out of the woodwork.

Bertha Coombs has more.

[Sound on tape: The Bloomberg terminal is ubiquitous on trading desks around the world, and as Bloomberg LLP looks to assure clients that their private data is secure. New concerns have been raised here in the US as the Financial Times reports that thousands of private messages sent between users were leaked online accidentally as a result of data testing for a client.

The messages appear to have been placed accidentally on a publicly accessible site.

This comes after the financial data and news organization admitted its reporters had been given access to information on clients' Bloomberg terminal usage for years - when customers had last logged on, how often they used messaging or looked up data on broad categories.

The issue came to light when Goldman Sachs complained last month.

Company founder Michael Bloomberg, who relinquished oversight of his namesake firm nearly 12 years ago when he became mayor of New York city.

When asked his reaction at a press conference, he tried to deflect questions about the privacy breach.

Here's what he had to say when I followed up:

Mayor Bloomberg, do you think it was a violation of users' trust for reporters to have access to proprietary information at Bloomberg News?

Bloomberg: Miss, I don't know what you're talking about. You'll have to talk to the company. I can't discuss it.

But it was under your watch that it began.

Bloomberg: Miss, thank you very much for your generous question. Thank you all.

On a Bloomberg view editorial on Monday, Editor-in-Chief Matt Winkler acknowledged the reporter access and that it had happened for years, but called it inexcusable.

"Our reporters should not have access to any data considered proprietary. I am sorry they did. The error is inexcusable."

He goes on to say the policy was changed last month so that reporters now have no greater access to information than our customers have, and that will have no effect on Bloomberg news-gathering."

And it's not just Wall Street that's concerned. The ECB says it is now in close contact with Bloomberg about possible breaches. The Federal Reserve is also investigating as is reportedly, Treasury. ]

Meantime, the Associated Press says that the U.S. government has secretly seized some of its telephone records. The data was from April and May of last year and involved several bureaus including those in New York, Hartford and Washington. The news agency says that it was not sure why the records were seized.

But added that authorities were conducting a criminal investigation into an AP story about a CIA operation in Yemen. The White House says that it was not involved in the move initiated by the U.S. Justice Department.

Li Sixuan, from CNBC's Asia headquarters.

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