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bloomberg business

Business Headlines

©2015 Bloomberg View William Pesek (Bloomberg View) — On the way to remaking China’s economy, President Xi Jinping has hit many roadblocks: vested interests, a change-averse Communist Party, local officials accustomed to the status quo. Who knew the real barrier would be foreign investors? For years, the world has called

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Business Headlines

©2015 Bloomberg View NTNS866KLVR9 (Bloomberg View) — Last Friday, the closing price of a share of Netflix was $103.96. Today, it was $101.52. That makes it sound like it’s been a pretty uneventful couple of days for everybody’s favorite purveyor of animated- talking-horse humor, Washington drama and prison humor/drama. It

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Business Headlines

©2015 Bloomberg News NTM8GW6VDKHW (Bloomberg) — A Las Vegas man pleaded guilty to sending more than 27 million unsolicited messages through Facebook Inc. servers after gaining access to about 500,000 accounts on the social network, according to prosecutors. Sanford Wallace, 47, known as the “Spam King,” admitted to his mass

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Business Headlines

©2015 Bloomberg View NTGB576KLVS6 (Bloomberg View) — Investors around the world will be looking to next week with some anxiety as they lick their wounds. A brutal week of losses was accentuated by an unpleasant close for the U.S. stock markets that saw the Dow Jones Industrial Average plunge more than 500 points (3 percent)

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Business Headlines

©2015 Bloomberg News NTK9ZU6JTSE9 (Bloomberg) — Index futures signaled a deepening slump in the world’s biggest stock market after U.S. equities ended last week down the most in almost four years. Contracts on the Standard & Poor’s 500 Index slid 0.5 percent to 1,961.50 as of 10:42 a.m. in Sydney

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Business Headlines

©2015 Bloomberg News NTJZCF6KLVR5 (Bloomberg) — U.S. gasoline prices at the pump will extend a decline after crude oil tumbled to a six-year low, said Trilby Lundberg, the president of Lundberg Survey Inc. “Retail price cuts are in the cards” for gasoline, Lundberg said Sunday in a telephone interview. “It

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Business Headlines

©2015 Bloomberg View NT1DAI6JTSEA (Bloomberg View) — Should the Jews have a pope? For most of the last 2,000 years, the answer has been “no.” Rabbinic authority has been decentralized, with each community choosing its own religious leaders to follow. But now Israel’s Chief Rabbinate is seeking to monopolize and

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Business Headlines

©2015 Bloomberg View NSKF316JTSEI (Bloomberg View) — A goodly portion of the Washington legal establishment has filed a friend of the court brief asking the U.S. Supreme Court to reverse the conviction of a securities fraudster. But the court shouldn’t take the bait, or the case. The court doesn’t, and

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Business Headlines

©2015 Bloomberg News NSKV5Q6S9728 (Bloomberg) — A bipartisan U.S. Senate bill that would revive and extend dozens of lapsed tax breaks would spur economic growth and cover about 11 percent of its own costs, according to Congress’s nonpartisan scorekeeper. The analysis released Tuesday is an early test of Republicans’ focus

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Business Headlines

©2015 Bloomberg News NSJ9G0SYF01U (Bloomberg) — Venture capitalists and entrepreneurs will gather at the White House Tuesday as part of President Barack Obama’s bid to increase gender and racial diversity among funders and startups. With 3 percent of startups backed by venture capital led by women and 1 percent by

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