Bloomberg Business: Oil Drops in New York as Saudi Arabia Resists Balancing Market
Copyright 2015 Bloomberg. Ben Sharples (For more on oil’s decline, click EXT5 <GO>) (Bloomberg) — Oil declined as Saudi Arabia signaled the world’s biggest exporter won’t balance the market and forecasts for rising crude stockpiles in the U.S. boosted speculation that a global glut will persist. Futures fell as much
Bloomberg Business: Hillary Clinton Willing to Testify, Again, on Benghazi
Copyright 2015 Bloomberg. NIV6NR6KLVR5 (Bloomberg Politics) — Here we go again? Former Secretary of State Hillary Clinton is prepared to testify again before Congress on the events surrounding the 2012 terrorist attack in Benghazi, Libya, that killed four Americans, including Ambassador Christopher Stephens, according to Representative Elijah Cummings, the ranking
Bloomberg Business: Get Ready for the Return of Risky-Mortgage Bonds: Credit Markets
Copyright 2015 Bloomberg. NIV5RI6VDKHT (For more credit-market news, click TOP CM. To be sent this column, click SALT CMW.) (Bloomberg) — The business of bundling riskier U.S. mortgages into bonds without government backing is gearing up for a comeback. Just don’t call it subprime. Hedge fund Seer Capital Management, money
Bloomberg Business: Microsoft’s Business License Sales Hit by China, Japan Slump
Copyright 2015 Bloomberg. NIT9HR6VDKHS (Bloomberg) — Satya Nadella, a year into his turnaround of Microsoft Corp., is being tripped up in overseas markets as a slump in China and Japan and a stronger U.S. dollar curbed sales of business-software licenses. Commercial-licensing revenue fell to $10.7 billion in the period that
Bloomberg Business: Japanese Hostage Shown Killed in Purported Islamic State Video
Copyright 2015 Bloomberg. NIOVX36JIJUQ (Updates with Japanese government official in third paragraph.) (Bloomberg) — A Japanese hostage was shown killed in a purported Islamic State video after a deadline passed for Japan to pay a $200 million ransom, according to the Japanese government and a terrorist-monitoring group. Haruna Yukawa, a
Bloomberg Business: Smartphones the Weak Spot in Hacker Fight, Deutsche Telekom Says
Copyright 2015 Bloomberg. NISVEH6KLVR7 (Bloomberg) — Smartphones and tablet devices are the new weak spot in the battle against cyber-criminals, according to the head of computer security at Europe’s biggest phone company. Businesses and governments have already been struggling with a record number of so-called distributed denial of service attacks,
Bloomberg Business: Obama Limits on Arctic Drilling Opens New Fault Line in Congress
Copyright 2015 Bloomberg. NIRF066JIJUR (Bloomberg) — President Barack Obama’s call to restrict oil exploration on 12 million acres of the Arctic National Wildlife Refuge probably won’t have much practical impact for an area already off-limits to drillers, though it’s created a new fault line with the Republican-led Congress. The White
Bloomberg Business: Steepest-Ever Drop in Oil Rigs Shows Shale Losing Fight to OPEC
Copyright 2015 Bloomberg. NIAO4Y6JTSEJ (Bloomberg) — U.S. drillers have taken a record number of oil rigs out of service in the past six weeks as OPEC sustains its production, sending prices below $50 a barrel. The oil rig count has fallen by 209 since Dec. 5, the steepest six-week decline
Bloomberg Business: Japan Using ‘Every Channel’ to Secure Release of Hostage
(Bloomberg) — Japan is using “every channel available” to secure the release of Kenji Goto, a war journalist captured and threatened with death by Islamic State militants. Chief Cabinet Secretary Yoshihide Suga told reporters in Tokyo on Monday that Japan would do its utmost to free Goto with the co-operation
A Well Thought-Out Scream: One third of Americans put off Medical Care in 2014 due to High Costs!
A Well Thought Out Scream: By James Riordan According to a recent Gallup Poll, 33% of Americans put off seeking medical treatment in 2014 due to high costs, the highest percentage since Gallup began asking the question in 2001. Besides the soaring costs, people just don’t trust doctors anymore. The