Posts Tagged

bloomberg business

Business Headlines

Copyright 2015 Bloomberg. NJH9PA6JTSEP (Bloomberg) — Oil extended gains after capping the biggest weekly advance in almost four years amid signs drilling is slowing in the U.S., the world’s biggest consumer. Futures climbed as much as 3.3 percent in New York after a second weekly increase through Feb. 6. Drillers

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Business Headlines

Copyright 2015 Bloomberg. NJBRTP6JTSEE (Bloomberg) — Rio Tinto Group is preparing to restart work on developing the world’s largest untapped iron-ore resource after West Africa’s Ebola crisis curbed progress on the $20 billion project. “There are people considering returning to site, they are not quite there yet,” Alan Davies, the chief

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Business Headlines

Copyright 2015 Bloomberg. NJBS5F6KLVR8 (Corrects first and second paragraphs to remove reference to Vivendi sale plans. Lowers reference to registration statement and corrects its description.) (Bloomberg) — Activision Blizzard Inc. fell in extended trading after saying the strong U.S. dollar will hurt profit. The shares fell as much as 9.5

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Business Headlines

Copyright 2015 Bloomberg. NJ9XG96K50Y9 (Bloomberg) — Walt Disney Co. surged to an all-time high after posting quarterly sales and earnings that beat analysts’ estimates, driven by “Frozen” gifts over the holidays. The shares jumped 7.6 percent to close at a record $101.28 in New York. It was the biggest gain

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Business Headlines

Copyright 2015 Bloomberg. NJ9UPQ6JTSEI (Bloomberg Business) — The world economy is still built on debt. That’s the warning today from McKinsey & Co.’s research division which estimates that since 2007, the IOUs of governments, companies, households and financial firms in 47 countries has grown by $57 trillion to $199 trillion, a

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