Koreas to March Under One Flag at Olympics Opening Ceremony
published Jan 17, 2018, 5:41:33 PM, by Kanga Kong (Bloomberg) — North and South Korea will march jointly under one unified flag during the opening ceremony of the Winter Olympics, the biggest sign yet of a detente after months of tensions over Kim Jong Un’s nuclear program. The statement, made
Apple Is Giving Employees $2,500 Bonuses After New Tax Law
published Jan 17, 2018, 5:12:50 PM, by Mark Gurman (Bloomberg) — Apple Inc. told employees Wednesday that it’s issuing a bonus of $2,500 worth of restricted stock units, following the introduction of the new U.S. tax law, according to people familiar with the matter. The iPhone maker will begin issuing
Asian Stocks Mixed as Rally Pauses; Dollar Steady: Markets Wrap
published Jan 15, 2018, 6:32:31 PM, by Adam Haigh (Bloomberg) — Asian equities’ best start to a year since 2006 took a breather Tuesday in the absence of fresh catalysts to spur the rally on. The dollar halted its slide and Treasuries inched lower as the U.S. bond market reopened
Ford Profit to Drop as Electric Car Catch-Up Will Be Costly
published Jan 16, 2018, 4:36:13 PM, by Keith Naughton (Bloomberg) — Ford Motor Co. warned profit will fall this year as Chief Executive Officer Jim Hackett spends heavily to catch up with rivals bringing electrified vehicles to market. The U.S. automaker forecast adjusted earnings of $1.45 to $1.70 a share
Wal-Mart Said to Elevate U.S. Executive to Key Overseas Role
published Jan 16, 2018, 3:57:24 PM, by Matthew Boyle (Bloomberg) — Wal-Mart Stores Inc. will tap Judith McKenna to run its international unit, elevating one of its highest-ranking female executives to a critical role, according to people familiar with the matter. McKenna, currently chief operating officer of the retailer’s domestic
Great Iron Ore Wave Set to Peter Out as Shippers Hold Steady
published Jan 15, 2018, 6:29:15 PM, by David Stringer (Bloomberg) — Rio Tinto Group forecasts its iron ore shipments will remain flat this year or rise by 3 percent at most, reinforcing market sentiment that a wave of new supply is turning into a trickle. The world’s second-largest exporter expects
Sorry, No One Wants Your Used Clothes Anymore: Adam Minter
published Jan 15, 2018, 3:00:09 PM, by Adam Minter (Bloomberg View) — For decades, the donation bin has offered consumers in rich countries a guilt-free way to unload their old clothing. In a virtuous and profitable cycle, a global network of traders would collect these garments, grade them, and transport
Shunning FAANG Isn’t a Losing Bet for $7 Billion Stock Manager
published Jan 15, 2018, 6:00:00 PM, by Jonas Cho Walsgard (Bloomberg) — Small tech is better than big tech. That view has paid off for Storebrand’s Global Multifactor fund, which also sees small size as perhaps the thing to bet on in 2018 after momentum delivered gains last year. “There
London Housing Woe Endures as Prices Drop to 2 1/2-Year Low
published Jan 14, 2018 6:01:00 PM, by David Goodman (Bloomberg) — The new year brought little cheer for London’s housing market with asking prices dropping to the lowest since August 2015. New sellers cut prices 1.4 percent in January to an average of 600,926 pounds ($821,500), according to a report
Palestinians to ‘Slap Back’ for Trump Jerusalem Move, Abbas Says
published Jan 14, 2018 3:32:45 PM, by Fadwa Hodali, Jonathan Ferziger and Nick Wadhams (Bloomberg) — Palestinians will “slap back” for the humiliation they’ve suffered from the Trump administration and seek to replace the U.S. with other international players in future peace negotiations with Israel, Palestinian Authority President Mahmoud Abbas