published Mar 29, 2018, 11:33:20 AM, by Elise Young (Bloomberg) — New Jersey’s pension fund has sold its stake in Vista Outdoor Inc., a manufacturer of semi-automatic rifles, as lawmakers around the U.S. consider banning such investments. The state’s investment division sold shares worth $1.9 million on March 20, according

published Mar 28, 2018, 4:00:00 PM, by Michelle Jamrisko (Bloomberg) — Advertising spending’s almost-perfect record in tracking global growth could be shattered as big ad agencies are challenged by a changing industry landscape, according to global marketing firm Dentsu Aegis Network Ltd. Global ad spending has been a strong coincident

published Mar 28, 2018, 5:07:20 PM, by Lu Wang and Jeran Wittenstein (Bloomberg) — Tom Ognar isn’t used to having to explain his big bet on tech stocks like this. After all, the portfolio manager of the $4.5 billion Wells Fargo Growth Fund beat 93 percent of peers over the

published Mar 28, 2018, 5:29:52 PM, by Todd Shields (Bloomberg) — President Donald Trump said he will replace Veterans Affairs Secretary David Shulkin with Rear Admiral Ronny Jackson, the presidential physician, in the latest administration shakeup. Shulkin’s ouster comes amid a wave of resignations and dismissals in the Trump team’s

published Mar 27, 2018, 4:46:19 PM, by Matthew Boyle (Bloomberg) — Walmart Inc. is pulling Cosmopolitan magazine from its checkout counters, bowing to pressure from an activist group that sees the publication’s racy covers as “sexploitation.” The world’s largest retailer will now sell the Hearst Corp. publication just in its

published Mar 27, 2018, 4:00:12 PM, by Daniel Moss (Bloomberg View) — It may be one of the most opportune flubs in economics. A slip of the tongue by the U.S. Treasury’s top international official offers one way out of the trade skirmish between the U.S. and China. Few serious

published Mar 26, 2018, 3:07:05 PM, by Tatiana Darie (Bloomberg) — Investors may be rotating out of hospital stocks after a flu-fueled rally and moving back into insurers. Facilities were the lone underperformers among health-care stocks on Monday, with a Bloomberg gauge of hospitals shares falling as much as 2.2

published Mar 26, 2018, 3:43:58 PM, by Polly Mosendz (Bloomberg) — As U.S. equities surged more than 2.7 percent Monday, shares in publicly traded firearms companies dropped in the wake of fresh bankruptcy news for Remington Outdoor Co. and weekend rallies in favor of gun control that drew hundreds of

published Mar 26, 2018, 2:47:23 PM, by Danielle Moran (Bloomberg) — Puerto Rico and its creditors finally caught a break, at least for one day. Bonds of the bankrupt U.S. territory soared more than 20 percent Monday after the government surprised investors by projecting that a flood of disaster-relief funds

published Mar 25, 2018, 6:01:11 PM, by Marc Champion (Bloomberg) — Donald Trump’s combative new foreign policy team should look at two precedents as the U.S. president pursues summits with the leaders of Russia and North Korea, according to former diplomats and historians. One is now considered an historic success,