Bloomberg Business: Activision Slumps as Profit Outlook Misses Forecasts
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
Bloomberg Business: Disney Shares Surge to All-Time High on ‘Frozen’ Earnings
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
Bloomberg Business: A World Overflowing With Debt
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
Bloomberg Business: RadioShack Said to Be Filing for Bankruptcy as Soon as Tonight
Copyright 2015 Bloomberg. NJ9SES6KLVRO (Bloomberg) — RadioShack Corp. is closing in on an agreement with creditors and other parties that would put the retailer in bankruptcy as soon as Wednesday night or Thursday morning, people with knowledge of the discussions said. As part of the deal being completed, RadioShack would
Bloomberg Business: Oil Drops After Biggest 4-Day Gain Since 2009 Before Supply Data
Copyright 2015 Bloomberg. NJ8B9V6K50YF (Bloomberg) — Oil fell after the biggest four-day rally since January 2009 before government data forecast to show crude inventories expanded in the U.S., the world’s largest oil consumer. Futures dropped as much as 2.6 percent in New York. Crude stockpiles probably rose by 3.25 million
Bloomberg Business: Standard & Poor’s Is Sorry About That Credit Crisis: Matt Levine
Copyright 2015 Bloomberg. NJ80906KLVRQ (Bloomberg View) — Here’s how much money Standard & Poor’s has made rating bonds for the last few years: What does that chart tell you? Not much, right? S&P made a lot of money rating stuff before the credit crisis. Then a credit crisis happened, and it
Bloomberg Business: Russia Gets Golden Gain as Ruble Drags Costs Down: Commodities
Copyright 2015 Bloomberg. NJ7TJP6KLVRT (Bloomberg) — The ruble is crashing. Oil is at a five-year low, and economic sanctions have slammed the brakes on the economy. It’s a good time to mine gold in Russia. With gold typically priced in dollars, and labor and other expenses paid in rubles, Russian
Bloomberg Business: Apple’s Bond Sales Wave Red Flag on U.S. Interest-Rate Outlook
Copyright 2015 Bloomberg. NJ6DN86S972M (Bloomberg) — Apple Inc.’s mega bond sale is fueling speculation U.S. interest rates are poised to increase. The iPhone maker sold $6.5 billion of debt as it locked in borrowing costs for as long as 30 years. Yields may not stay this low if forecasts for
Bloomberg Business: Shell Meets With U.S. Oil Workers Union as Strike Shuts Refinery
Copyright 2015 Bloomberg. NJ6DFA6S9729 (Bloomberg) — Royal Dutch Shell Plc met with the United Steelworkers on Monday about a new, three-year labor contract for U.S. oil workers, less than two days after the union started the biggest refinery strike since 1980. Shell, negotiating the contract on behalf of oil companies,
Bloomberg Business: Netanyahu Rift With Obama Fires Up Super Bowl Party in Tel Aviv
02 Feb 2015 16:00 Copyright 2015 Bloomberg. Jonathan Ferziger (Bloomberg) — Prime Minister Benjamin Netanyahu’s protocol-bending invitation to address Congress took Israel’s election campaign deep onto the American political field. This week it reached the Super Bowl. Yair Lapid, the finance minister Netanyahu fired for “subversion,” threw a Super Bowl