Nike Wins $1 Billion Contract With NBA as Adidas Walks Away
©2015 Bloomberg News NPST2J6JIJUW (Bloomberg) — Nike Inc. won an eight-year deal to make uniforms for the National Basketball Association, taking over for Adidas AG after that company’s contract runs out in 2017. Nike will become the first apparel partner to have its logo appear on all on-court uniform designs,
Google Unveils Sidewalk Labs Initiative to Improve Cities
©2015 Bloomberg News NPR76B6KLVRF (Bloomberg) — Google Inc. is backing a new business with the goal of bringing innovation and new technology into cities, aiming to improve urban life for residents, businesses and governments. The initiative, called Sidewalk Labs, will be headed up by Dan Doctoroff, a former deputy mayor
GE Wooed by Texas After Home State Connecticut Increases Taxes
©2015 Bloomberg News NPR76T6JTSEA (Bloomberg) — Texas Governor Greg Abbott knows a good opportunity when he sees it. Abbott, a Republican, penned notes to executives at Connecticut-based General Electric Co., Aetna Inc. and Travelers Cos Inc. imploring them to pack up and move after lawmakers there raised taxes by more
How to Go Broke Buying Low, Selling High on Chinese Markets
©2015 Bloomberg News NPRCNT6TTDS8 (Bloomberg) — Betting that identical stocks will trade at similar prices in China and Hong Kong is proving a great way to lose money. The mainland premium on dual-listed shares has surged to an average 113 percent from 30 percent a year ago, burning anyone who
Obama Calls Obamacare Foes ‘Cynical’ Ahead of Court Ruling
©2015 Bloomberg News NPP5EC6JTSEA (Bloomberg) — Facing a pivotal Supreme Court decision on the future of his signature health-care law, President Barack Obama said Tuesday that attacks on Obamacare should end now that millions of Americans depend on it for insurance coverage. “There’s something, I have to say, that’s just
White House Briefing Room Clear After Bomb Threat Phoned In
©2015 Bloomberg News NPPBTB6JTSEH (Bloomberg) — Secret Service officials declared the White House briefing room safe after interrupting the daily news conference Tuesday and evacuating administration staff and reporters because of a bomb threat. Officers brought dogs to check inside the room, in the West Wing of the White House,
Tesla’s Musk Says Model X Deliveries to Start in 3-4 Months
©2015 Bloomberg News NPPA1Q6K50Y7 (Bloomberg) — Tesla Motors Inc. will begin deliveries of the Model X sport utility vehicle in three to four months, keeping close to the timeline the electric-car maker laid out earlier this year, Chief Executive Officer Elon Musk said. “The Model X will be a better
A Well Thought-Out Scream by James Riordan: Reporter Survives Time Spent with Islamic State Fighters
*****Jim regrets the delay in getting this out due to an unforeseen illness******* Jourgen Todenhofer, the first Western reporter to embed with Islamic State fighters and not be killed in the process, did an interview with Al Jazeera about his time with the terror group. Todenhofer lived side by side with the jihadist
Dollar Diving on Obama Report Signals Currency-Strength Concern
©2015 Bloomberg News NPNPZS6TTDS3 (Bloomberg) — The dollar has lost gains made after better- than-expected jobs data amid concern the U.S. government will take steps to limit an advance underpinned by the prospect of the Federal Reserve raising interest rates. A gauge of the U.S. currency retreated to lower than
Hong Kong to Issue Red Travel Warning on South Korea Over MERS
©2015 Bloomberg News NPNOR36K50Y2 (Bloomberg) — Hong Kong will issue a red travel warning, its second-highest alert, on South Korea over the spread of Middle East respiratory syndrome. The warning, which advises travelers to adjust their plans and makes it easier for them to obtain trip refunds or make insurance