UPDATE 1-Bloomberg says will not run for US president

(Updates with more details, quotes)

WASHINGTON, Dec 12 (BestGrowthStock) – New York Mayor Michael
Bloomberg said on Sunday, “no way, no how” will he run for the
U.S. presidency.

Appearing on NBC’s “Meet the Press,” Bloomberg said he
intends to remain focused on being mayor, and that those urging
him to seek the presidency “should cease and desist.”

“The bottom line is that I’ve great job,” Bloomberg said.
“I want to go out being, having a reputation, as a very good,
maybe the greatest mayor ever.”

“I’m not going to run for president,” Bloomberg said.

But he said he will continue to speak out on national
issues that impact New York, such as immigration, federal
regulation and U.S. trade.

A multibillionaire and founder of the Bloomberg news media
empire, Bloomberg is a former Democrat turned Republican turned
independent. He is in his third term as mayor of New York.

While some of Bloomberg’s backers have urged him to run,
Bloomberg attributed talk of a White House bid to the news
media.

“Most of this is just because the press wants something to
write about,” Bloomberg said.

(Reporting by Thomas Ferraro; editing Doina Chiacu)

UPDATE 1-Bloomberg says will not run for US president