Bloomberg Business: House Passes Homeland Security Funds to Avoid Closure
Copyright 2015 Bloomberg. NKO0TM6JTSEE (Bloomberg) — Congress ended a showdown linking Homeland Security Department spending and immigration policy as House Speaker John Boehner defied hard-line Republicans and let the chamber vote to fund the agency through September. The House passed the measure 257-167 after the Ohio Republican capitulated to Democratic
Bloomberg Business: Rice Says U.S. Will Block Iran, Won’t Back Away From Israel
Copyright 2015 Bloomberg. NKM3S56K50Z0 (Bloomberg) — President Barack Obama’s national security adviser said the U.S. won’t waver in assuring Israel’s security and that negotiations under way with Iran are the best way to make sure the Islamic Republic doesn’t get a nuclear weapon. Susan Rice, speaking to a pro-Israel group in
Bloomberg Business: Apple-Google $415 Million No-Poaching Accord Wins Approval
Copyright 2015 Bloomberg. NKM31I6JIJVH (Bloomberg) — Apple Inc. and Google Inc. won preliminary court approval of a $415 million antitrust settlement that would end a four-year battle over claims that they and other companies conspired to avoid hiring from each other. The ruling brings to a quiet end a case
Bloomberg Business: L-Shaped Oil Recovery Flattens V-Shaped Market Optimists: Energy
Copyright 2015 Bloomberg. NKLW2R6TTDSS (Bloomberg) — Get ready for an L-shaped oil recovery. A growing consensus is emerging from the likes of BP Plc, the International Energy Agency, shale wildcatters and even the Saudis that a near-term recovery to $100-a-barrel crude isn’t in the cards. Instead, expect a range of
Bloomberg Business: The 2016 Presidential Hopefuls Literary Guide
Copyright 2015 Bloomberg. NKJ8056KLVR5 (Bloomberg Politics) — Judging from the plethora of titles now crowding bookstore shelves, it would appear that publishing a memoir has become something of a requirement for politicians hoping to become president. The urge to make the leap from politician to author makes sense on a number of levels. Releasing
Bloomberg Business: Berkshire Profit Falls 17% to $4.16 Billion on Investments
Copyright 2015 Bloomberg. NKI50T6TTDSK (Bloomberg) — Berkshire Hathaway Inc. said fourth-quarter profit slipped 17 percent as investment gains narrowed and underwriting results deteriorated at insurance units. Net income fell to $4.16 billion, or $2,529 per share, from $4.99 billion, or $3,035, a year earlier, Omaha, Nebraska-based Berkshire said Saturday in
Bloomberg Business: Drivers for Apple, Yahoo, EBay Vote to Join Teamsters Union
Copyright 2015 Bloomberg. NKHMYN6JIJUO (Bloomberg) — Drivers for a service that shuttles technology workers from San Francisco to Silicon Valley voted to join the Teamsters union, seeking to boost wages in a region that is becoming increasingly costly. Employees of Compass Transportation voted 104 to 38 in favor of representation by
A Well Thought Out Scream By James Riordan: New Jet Reaches Anywhere in Just 4 Hours
So say your boss calls you at 10 a.m. and says he needs you in Hong Kong for a five o’clock meeting? Soon you will have to agree to be there because a new jet powered by the Reaction Engines SABRE system could easily get you there
Bloomberg Business: Dollar Jumps Versus Emerging Peers; Japan Stocks Fuel Asia Gains
Copyright 2015 Bloomberg. NKEO5Y6K50Z1 (Bloomberg) — The dollar climbed against Asian emerging- market currencies and maintained gains versus major peers, while Australian bonds fell. Japanese shares drove the regional index toward its biggest monthly gain since 2013. The greenback rose at least 0.2 percent by 10 a.m. in Tokyo against
Bloomberg Business: Obama Says Keystone Pipeline Would Do Little for U.S. Jobs
Copyright 2015 Bloomberg. NKEN0Q6K5122 (Bloomberg) — President Barack Obama criticized the Keystone XL pipeline as a boon to Canadian oil producers that gives short-shrift to American workers, saying the U.S. should focus on backing domestic energy projects. In his first comments on the pipeline since vetoing a bill meant to force