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Apple Tops Sales Estimates on Services Surge, IPhone Gains
published May 1, 2018 4:23:58 PM, by Mark Gurman (Bloomberg) — Apple Inc. reported revenue and profit that beat analysts’ estimates and projected continued sales momentum, calming concern about demand for the iPhone, its most-important product. The Cupertino, California-based company also raised its dividend, unveiled a new $100 billion share
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Trump Lauds Southwest Airlines Crew for Engine Failure Response
published May 1, 2018 3:00:28 PM, by Jennifer Epstein (Bloomberg) — President Donald Trump praised crew members and passengers of a Southwest Airlines flight for their handling of an emergency landing two weeks ago after an engine exploded. Trump met in the Oval Office with five crew members and five
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Israel Claims Proof of Secret Iran Plans for Nuclear Weapons
published Apr 30, 2018, 8:27:10 PM, by Amy Teibel, David Wainer and Michael S. Arnold (Bloomberg) — Israeli Prime Minister Benjamin Netanyahu said his country has half a ton of Iranian documents that prove Tehran had a secret program to build nuclear bombs, potentially giving President Donald Trump ammunition to
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Matt Levine’s Money Stuff: WeWork Accounts for Consciousness
published Apr 27, 2018, 10:03:35 AM, by Matt Levine (Bloomberg View) — WeWork. The business model of real-estate companies is pretty much, you borrow a lot of money, you use it to buy buildings, and you rent out space in the buildings to tenants. If the tenants pay more in
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Trump to Extend Relief From Steel Tariffs Amid Negotiations
published Apr 30, 2018, 8:29:44 PM, by Justin Sink and Andrew Mayeda (Bloomberg) — President Donald Trump will delay imposing steel and aluminum tariffs on the European Union, Mexico and Canada until June 1 as he finalizes deals with them, the White House said in a statement. The administration has
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Dollars and Optimism in Short Supply as Iran Awaits Trump Move
published Apr 29, 2018, 5:31:47 AM, by Golnar Motevalli and Ladane Nasseri (Bloomberg) — For half a century, Payam’s family hardware firm near Ferdowsi Square has supplied Tehran’s builders with tools — through revolution, war and more recently sanctions. But it has rarely seen times as bad as these. A
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Here Are the Stocks to Watch After Two Koreas Agree to End War
published Apr 29, 2018, 3:30:00 PM, by Divya Balji and Heejin Kim (Bloomberg) — If you’re trying to figure out how it’s all going to play out on the South Korean stock market on Monday after Kim Jong Un’s historic call for peace, don’t worry, we’ve got the list for
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In Asia, the Big #MeToo Dilemma Is Who You Gonna Call?: Gadfly
published Apr 29, 2018, 4:00:15 PM, by Nisha Gopalan (Bloomberg Gadfly) — While the #MeToo movement has toppled scores of executives in the U.S. and Europe, it’s been slower to take hold in Asia. Human resource departments may have something to do with it. It’s understandable that women are reluctant
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SPORTS: NHL’s Maple Leafs Defeat Means No Championship Win in 51 Years
published Apr 26, 2018, 4:14:23 AM, by Eric Lam (Bloomberg) — To the Toronto ice hockey fans out there, don’t worry, there’s always next year. The National Hockey League’s Toronto Maple Leafs pushed its Stanley Cup drought to 51 years after a 7-4 loss to the Boston Bruins Wednesday, for
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Starbucks Falls as Drink Promotions Fail to Invigorate Sales
published Apr 26, 2018, 4:12:01 PM, by Leslie Patton (Bloomberg) — Starbucks Corp.’s half-off drink deals and extra rewards offers helped it meet expectations in the latest quarter, but the shares dropped — a sign investors were expecting more. The coffee giant said adjusted profit met estimates, while comparable sales