published Jul 26, 2018 8:09:39 PM, by David Stringer and Kevin Crowley (Bloomberg) — BP Plc agreed to pay $10.5 billion, its biggest acquisition in almost two decades, for most of BHP Billiton Ltd.’s onshore U.S. oil and natural gas assets, including in the prized Permian Basin. The deal gives

published Jul 25, 2018, 5:43:44 PM, by Alyza Sebenius (Bloomberg) — Cyberattacks and security lapses in federal computer systems rose 4.9 percent last year, as a third of 3,000 cybersecurity recommendations made by the U.S. Government Accountability Office remain unheeded, the watchdog agency reported. The GAO reported 35,277 security incidents

published Jul 25, 2018, 7:25:43 PM, by Jeran Wittenstein (Bloomberg) — A record selloff in Facebook Inc. shares spread to other technology stocks after the social media giant missed revenue estimates and warned that sales growth would continue to slow. An exchange-traded fund tied to the Nasdaq 100 fell as

published Jul 25, 2018, 7:35:08 PM, by Sid Verma and Luke Kawa (Bloomberg) — The Beijing “put” is back. China’s bid to boost policy stimulus to barricade its domestic economy from the brewing trade war is breathing life into risk assets battered by liquidity and geopolitical angst. Among the winners:

published Jul 23, 2018 11:00:18 AM, by Barry Ritholtz (Bloomberg Opinion) — There are a lot of misconceptions about so-called corporate qualified plans, the best known of which are 401(k)s. Much of the misunderstanding stems from several articles about a Fidelity Investments report on how many of its clients had

published Jul 24, 2018 3:49:45 PM, by Kim Bhasin, Matthew Boyle and Hema Parmar (Bloomberg) — Ivanka Trump, the president’s daughter, is pulling the plug on Ivanka Trump, the purveyor of womens’ fashion. After a year and a half of sporadic controversy over potential conflicts of interest, Trump, a White

published Jul 24, 2018 5:45:59 PM, by Joel Rosenblatt (Bloomberg) — Facebook Inc. can no longer block minorities or other groups from seeing advertisements, according to an agreement with Washington state. Facebook signed a binding agreement to modify its advertising platform so that third parties can’t discriminate based on ethnicity,

published Jul 23, 2018, 3:00:00 AM, by Ben Steverman and Simone Foxman (Bloomberg) — Among the wealthy tri-state-area set, there’s more buzz than ever about fleeing south to Florida, land of mild winters and, more importantly after last year’s federal tax overhaul, zero state personal income tax. Actual action? Pretty

published Jul 23, 2018, 6:00:00 PM, by Luzi Ann Javier (Bloomberg) — Investors will probably like most of what they see when energy, mining and farm-products companies report earnings for the most recent quarter. It’s the rest of the year they’re worried about. Commodity bellwethers including Exxon Mobil Corp., Freeport-McMoRan

published Jul 23, 2018, 6:01:11 PM, by Irene Garcia Perez, Prejula Prem and Alex Longley (Bloomberg) — Being an emerging-market economy can be tough when oil prices surge and your currency crumbles. While Brent crude, the global benchmark, has advanced 11 percent this year in dollar terms, it’s gone up