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Business Headlines

Curated news from Bloomberg Business

Business Headlines

published Apr 4th 2017, 4:01 pm, by Bloomberg News (Bloomberg) — It took more than a decade for Yang Kai to amass one of China’s most celebrated dairy fortunes. He may have lost it in less than 90 minutes. The chairman of China Huishan Dairy Holdings Co., who turned a

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published Apr 5th 2017, 5:00 am, by Mya Frazier (Bloomberg) — For two days, the crowd sits in darkness in plush theater seats, watching the church stage. There are smoke machines and LED screens, harnessed climbers scaling a scaffold “mountain” and raising their arms in symbolic victory over the startup

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Business Headlines

published Apr 5th 2017, 4:35 pm, by Leslie Patton (Bloomberg) — Starbucks Corp. has been struggling for years to pull off its ambitious plan of selling more food. That task just got tougher. JAB Holding Co.’s $7.2 billion acquisition of bakery-cafe chain Panera Bread Co. on Wednesday vaults the investment

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published Apr 5th 2017, 3:03 pm, by Rebecca Greenfield (Bloomberg) — It looked pretty good for young women’s earnings in 2011. The pay gap separating women and men aged 25 to 34 was the smallest ever recorded by the Pew Research Center, with young women earning 97 cents for every

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Business Headlines

published Apr 5th 2017, 4:41 pm, by Chris Strohm (Bloomberg) — The U.S. deported a former New York banker to Russia who allegedly tried to recruit an ex-adviser to President Donald Trump and was convicted and imprisoned in 2016 for being a spy for Moscow. Evgeny Buryakov, 42, worked as

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Business Headlines

published Apr 4th 2017, 4:30 pm, by Alex Morales (Bloomberg) — U.K. Prime Minister Theresa May plans to help Saudi Arabia lower its dependency on oil exports and increase the participation of women in the workforce as the Gulf kingdom seeks to modernize its economy. Britain will help reform the

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Business Headlines

published Apr 4th 2017, 7:00 pm, by Mihir Sharma (Bloomberg View) — Over the past year, Russia’s Vladimir Putin has emerged as the ideological patron of a certain brand of conservatism worldwide. Politicians from France’s Marine Le Pen, to Recep Tayyip Erdogan of Turkey, to Donald Trump appear drawn to

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Business Headlines

published Apr 4th 2017, 7:18 pm, by Kanga Kong (Bloomberg) — North Korea conducted another ballistic missile test, shortly before the first meeting between Chinese President Xi Jinping and U.S. President Donald Trump. The projectile was fired into the East Sea early Wednesday and flew about 60 kilometers (37 miles),

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published Mar 31st 2017, 12:30 pm, by Stephen L. Carter (Bloomberg View) — President Donald Trump is poised to sign legislation to overturn Federal Communications Commission rules forbidding internet service providers from selling data they have vacuumed up about the online habits of their customers. Privacy groups are understandably perturbed.

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Business Headlines

published Mar 31st 2017, 4:00 am, by Henry Goldman (Bloomberg) — Mayor Bill de Blasio is scaling back his economy-remaking ambitions merely to the size of New York. In 2013, he captured City Hall vowing to reverse a decades-long national trend of increasing income inequality. For this year’s re-election bid,

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