
Facebook Is Blacklisted at Nordea’s Sustainable Investment Unit
published Mar 21, 2018, 10:41:58 AM, by Kati Pohjanpalo and Frances Schwartzkopff (Bloomberg) — The biggest bank in the Nordic region will no longer let its sustainable investment unit buy more stock in Facebook Inc. Nordea Bank AB has decided to “quarantine” Facebook investments in the asset management unit, “given

Trump Replaces McMaster With Bolton as National Security Adviser
published Mar 22, 2018, 6:53:12 PM, by Nick Wadhams, Toluse Olorunnipa and Jennifer Jacobs (Bloomberg) — President Donald Trump is replacing White House National Security Adviser H.R. McMaster with John Bolton, a former U.S. Ambassador to the United Nations famed for his hawkish views, in the latest shakeup of his

Billionaire Pritzker to Face Incumbent Rauner in Illinois
published Mar 21, 2018, 2:34:19 AM, by John McCormick and Elizabeth Campbell (Bloomberg) — Billionaire J.B. Pritzker won the Democratic primary for Illinois governor Tuesday after investing at least $69.5 million of his fortune to try to secure a job that comes with some of the biggest fiscal challenges faced

As Commodities Roar, Africa Wants Bigger Slice of the Mining Pie
published Mar 21, 2018, 3:52:47 PM, by Thomas Biesheuvel and Tom Wilson (Bloomberg) — One by one, the biggest names in African mining are getting squeezed. The tactics might be blunt, but the message is clear: the countries where they operate want a bigger share of the proceeds. The collapse

Korea Plans Budget to Prevent Youth Unemployment Catastrophe
published Mar 15, 2018, 2:59:22 AM, by Jiyeun Lee (Bloomberg) — South Korea plans an extra budget to help young people start companies and to support firms that hire them as the government battles to arrest the nation’s rising youth jobless rate. The aim is to push youth unemployment below

Google Said to Sweeten Deals With Publishers as Tech Woos Media
published Mar 20, 2018, 5:57:41 PM, by Gerry Smith and Mark Bergen (Bloomberg) — Google is offering publishers sweeter terms as part of a new subscriber tool announced Tuesday, currying favor with the news industry at a time when Facebook Inc. is sending mixed signals to newspapers and magazines. Publishers

Why Money Managers Are Paid So Much Is a Mystery: Noah Smith
published Mar 19, 2018, 4:00:29 AM, by Noah Smith (Bloomberg View) — Why do workers in the financial industry get paid so much? There are many possible explanations, none of them completely satisfying. The financial industry commands a much larger share of the U.S. economy than in the past, causing

Matt Levine’s Money Stuff: Warren Buffett Is an Average Employee
published Mar 19, 2018, 9:14:51 AM, by Matt Levine (Bloomberg View) — Pay ratios. Ahahaha sure: Berkshire Hathaway Inc.’s Warren Buffett is scoring particularly well on a new rule requiring companies to disclose the ratio of a chief executive officer’s pay to that of the median employee. His annual compensation

States Open Probes Into Election Firm’s Facebook Data Use
published Mar 19, 2018, 4:48:31 PM, by Erik Larson (Bloomberg) — Connecticut opened an inquiry into how the personal information of millions of Facebook Inc. users came into the possession of U.K.-based Cambridge Analytica, the sophisticated data analytics firm that helped President Donald Trump win the 2016 election. Reports that

Corporate America Warns Trump Against Broad-Based China Tariffs
published Mar 19, 2018, 5:24:53 PM, by Andrew Mayeda (Bloomberg) — U.S. companies from Walmart Inc. to Amazon.com Inc. are warning President Donald Trump that any sweeping trade action against China could raise consumer prices, increase costs for businesses and hurt stock prices. Broad-based tariffs on Chinese goods would “trigger