Tsipras Faces Fight as Greek Opposition Won’t Back New Measures
published Mar 9th 2017, 5:00 pm, by Marcus Bensasson and Caroline Connan (Bloomberg) — Greece’s main opposition party has a clear message for Prime Minister Alexis Tsipras: Don’t count on us to bail out your government. The country needs new elections, and the New Democracy party will vote against the
SPORTS: Yes, You Can Learn How to Ski in Just Three Days
published Dec 12th 2016, 5:38 am, by Drake Bennett (Bloomberg Pursuits) — “Do you smoke?” Ali MacGrain asks in his Scottish brogue. We’re standing on skis, I somewhat unsteadily, in bright morning sunlight on a lower flank of Northstar California Resort. MacGrain teaches skiing here, and though his accent doesn’t
AOL Chief Says Firm Shopped Buyout Deals to Google, Facebook
published Mar 8th 2017, 6:03 pm, by Jef Feeley (Bloomberg) — AOL Inc. sought to cut a deal with online rivals Google Inc. and Facebook Inc. before agreeing to a $4.4 billion buyout by Verizon Communications Inc., the company’s top executive told a Delaware judge. The New York-based company was
Trump Meets With Democrats at White House on Drug Prices
published Mar 8th 2017, 5:38 pm, by Jared S. Hopkins (Bloomberg) — President Donald Trump told Democrats at the White House Wednesday that he wants to do something about U.S. drug prices, according to a lawmaker at the meeting, an area of potential bipartisan agreement as the two parties wrangle
Starbucks Loses Market Share as Rivals Roll Out Drink Deals
published Mar 8th 2017, 1:25 pm, by Leslie Patton (Bloomberg) — Starbucks Corp., facing heavy competition, mobile-ordering hiccups and even boycott threats, has been losing U.S. customers to rivals this winter. In February, the company ceded market share to other chains, according to data from xAd Inc., a research firm
Court Victory in Hand, Dakota Access Line Readies for Oil
published Mar 7th 2017, 1:06 pm, by Andrew Harris (Bloomberg) — Energy Transfer Partners LP will soon be filling its controversial Dakota Access pipeline with oil after defeating a Native American tribe’s challenge to stall the project on religious grounds. A ruling Tuesday by U.S. District Judge James Boasberg in
Matt Levine’s Money Stuff: Snap’s Pop and Hedge-Fund Charisma
published Mar 3rd 2017, 8:03 am, by Matt Levine (Bloomberg View) — Snap. The main worry about tech unicorns is a pretty simple one: Will public stock market investors pay more for tech companies than Silicon Valley venture capitalists? Traditionally the answer has been yes, which is why venture capital
Kim Jong Un Lights Fires Across Asia, Raising Dilemma for Trump
published Mar 7th 2017, 6:00 pm, by David Tweed (Bloomberg) — Murder in Malaysia. Protests in China. And missiles flying toward Japan. All can be traced back to North Korea and show how Kim Jong Un is managing to stir up tensions in the region while trying to provoke a
Surprise Oil Price Cut Shows Saudis Fending Off Sweet U.S. Flood
published Mar 6th 2017, 4:51 pm, by Serene Cheong and Sharon Cho (Bloomberg) — The oil is light, sweet and tempting, with a lot of it made in the U.S. Saudi Arabia’s trying to keep it away from the biggest crude buyers. The Middle East producer cut the pricing for
How Expensive Are Stocks? There’s No Fast Answer: Barry Ritholtz
published Mar 3rd 2017, 1:19 pm, by Barry Ritholtz (Bloomberg View) — Here’s an interesting analysis that should not be overlooked. Charles Lieberman here at Bloomberg View looks at whether the stock market is overvalued. He concludes it is not, but it’s his analysis, based upon a dividend discount model,