Wal-Mart and Amazon Are Buying Their Way to the Top: Conor Sen
published Apr 18th 2017, 9:18 am, by Conor Sen (Bloomberg View) — Amazon and Wal-Mart might once have existed in parallel universes, but these days they’re in a price war. Both giants are now seeking to make acquisitions to compete on the other’s turf. Amazon.com Inc. is going to have
Trump Promises U.S. Farmers Relief in Dairy Dispute With Canada
published Apr 18th 2017, 3:46 pm, by Margaret Talev (Bloomberg) — President Donald Trump dove straight into a trade fight with Canada, promising U.S. dairy farmers his administration would intervene to restore exports of American milk. Trump on Tuesday responded to appeals for help from the dairy industry during an
Russia Still a Migrant Magnet Even as Wages Stay Below China’s
published Apr 18th 2017, 4:00 pm, by Olga Tanas (Bloomberg) —The vast pool of labor across Russia’s porous borders is relieving strains in the labor market, helping drain the economy of inflationary pressure as it accelerates after almost two years of recession. A steady flow of arrivals has continued even
Japan Needs More People (and a Cultural Change): Editorial
published Apr 17th 2017, 4:00 pm, by The Editors (Bloomberg View) —Japan’s Prime Minister Shinzo Abe has been trying hard to combat his nation’s alarming demographic decline: promoting robots and other productivity-enhancing technology, bringing more women into the workforce, even opening the door a bit wider to foreigners. It’s plain,
What Not to Do After Your Customer Is Battered: Kara Alaimo
published Apr 17th 2017, 5:17 pm, by Kara Alaimo (Bloomberg View) —On Monday, one of the top stories on Twitter (and nearly everywhere else) was about a doctor who was violently removed from an overbooked United Airlines flight to make room for a company staffer. Other passengers filmed the screaming
Asian Stocks to Gain After Yen Slips as Risks Fade: Markets Wrap
published Apr 17th 2017, 5:53 pm, by Garfield Reynolds (Bloomberg) —Asian equity futures indicated most regional bourses would gain after U.S. stocks rose the most in six weeks. The yen weakened against most peers as geopolitical threats eased and a fresh set of American economic data damped the odds for a
The Future of Taxes Is Mobile and Painless, TurboTax Says
published Apr 13th 2017, 5:00 am, by Ben Steverman (Bloomberg) — TurboTax, the reigning king of online tax preparation, is facing some particularly strong competition this year. Arch rival H&R Block started the 2017 tax season aggressively, touting a collaboration with IBM’s supercomputer Watson and free online returns. Credit Karma,
North Korea Missile Launches, Nuclear Detonations: Timeline
published Apr 15th 2017, 7:26 pm, by Sam Kim (Bloomberg) — The North Korean weapons program now testing U.S. President Donald Trump stretches back decades, when the regime began reverse-engineering Scud missiles acquired from Egypt. International efforts to curb North Korea’s nuclear threat were dealt a setback in 2006 with
BP Races to Shut Alaska North Slope Well After Finding a Leak
published Apr 16th 2017, 4:43 pm, by Jessica Summers (Bloomberg) — BP Exploration Alaska Inc. is trying to close off a well on Alaska’s frigid North Slope after a leak was discovered Friday morning. The well, located in the Greater Prudhoe Bay area, is venting gas, which caused a spray
Your Fridge May Get Washington’s Next Regulatory-Rollback
published Apr 12th 2017, 5:43 pm, by Ari Natter (Bloomberg) — Appliance makers want Congress to ease energy efficiency standards that they say are unrealistic and costly for air conditioners, refrigerators and other equipment — even allowing for future rollbacks. The industry is lobbying to amend a decades old conservation