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Business Headlines

Curated news from Bloomberg Business

Business Headlines

published Aug 14, 2017 9:43:31 AM, by Selina Wang and Julie Verhage (Bloomberg) — Social Finance Inc., a startup that specializes in refinancing student loans, is being sued by an employee who claims that he was fired for reporting sexual harassment and fraudulent actions by managers. Brandon Charles, a senior

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Business Headlines

published Aug 14, 2017 4:25:02 PM, by Justin Sink, Margaret Talev and Arit John (Bloomberg) — President Donald Trump called out white supremacists for their role in the deadly violence over the weekend in Virginia as the administration sought to counter a backlash against his initial failure to directly hold

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Business Headlines

published Aug 13, 2017 11:33:51 AM, by Heejin Kim, Alan Levin and Ben Brody (Bloomberg) —Two top U.S. national security officials sought to tamp down fears of imminent nuclear war with North Korea following days of heightened rhetoric by President Donald Trump, as America’s top general prepares to meet with

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Business Headlines

published Aug 13, 2017 11:00:01 AM, by Heejin Kim (Bloomberg) — Seoul stocks may still be finding favor with investors seeking bargains globally, even as U.S. President Donald Trump and North Korea’s Kim Jong-un’s aggressive rhetoric drives the benchmark gauge down. Eight of top 10 gainers on the Kospi 200

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Business Headlines

The Illinois Senate overrode Governor Bruce Rauner’s partial veto that would have cut millions of dollars for Chicago’s  cash-strapped school district, bringing the state closer to ending an impasse that has prevented aid from flowing to elementary and high schools. Rauner, a Republican, had issued an amendatory veto of a

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Business Headlines

published Aug 10, 2017, 8:23:07 PM, by Divya Balji and Heejin Kim (Bloomberg) —South Korea’s stocks and currency fell after President Donald Trump warned North Korea that if it “does anything” to the U.S. or its allies “things will happen to them like they never thought possible.” The Kospi index

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Business Headlines

published Aug 10, 2017, 3:58:59 PM, by Tim Loh (Bloomberg) —Contura Energy Inc., which inherited some of Alpha Natural Resources Inc.’s best coal mines during that company’s bankruptcy, has withdrawn a plan for an initial public offering amid lackluster demand from potential investors. Contura’s principal selling stockholders decided that the

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Business Headlines

published Aug 10, 2017, 4:09:09 PM, by Sahil Kapur and Laura Litvan (Bloomberg) — President Donald Trump said Thursday he’s unhappy with Senate Majority Leader Mitch McConnell over Congress’s failure to eliminate Obamacare, escalating a war of words with a fellow Republican who is key to advancing the president’s agenda.

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Business Headlines

published Aug 9, 2017 4:33:43 PM, by Tim Loh (Bloomberg) —West Virginia Governor Jim Justice said Donald Trump is really interested in his plan to prop up Appalachian mining by giving federal money to power plants that burn the region’s coal. Justice, a coal and real estate mogul elected governor

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Business Headlines

(Bloomberg) —Elon Musk calls Tesla’s mammoth battery factory in Nevada an alien mothership.  For the carmaker’s newest lenders, the plant might as well be in outer space. The billionaire coined that moniker for Tesla Inc.’s Gigafactory 1 as he waxed poetic about his company’s future on an Aug. 7 call

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