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Business Headlines

Curated news from Bloomberg Business

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published Aug 9, 2017 5:00:07 AM, by Alex Sherman, Scott Moritz and Gerry Smith (Bloomberg) — As The Bachelorette wraps up another season, a mating dance is developing in the telecommunications world. SoftBank is desperate to find a match for Sprint, the fourth-largest U.S. wireless company, of which it owns

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Business Headlines

published Aug 8th 2017, 7:43 pm, by Bob Van Voris (Bloomberg) —The U.S. moved to drop fraud charges against Benjamin Wey, the founder of the private equity firm New York Global Group, after a judge threw out thousands of pages of documents she said were illegally seized by the FBI

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published Aug 8th 2017, 7:20 pm, by Justin Sink, Nafeesa Syeed and Kambiz Foroohar (Bloomberg) —President Donald Trump ratcheted up his rhetoric against North Korea to an unprecedented level Tuesday, warning Kim Jong Un’s regime will face a devastating military strike if it continues threatening the U.S. North Korea best

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published Aug 7th 2017, 12:18 pm, by Jessica Summers and Nico Grant (Bloomberg) —Oil fell as investors sought reassurance that the world’s largest oil producing countries are complying with their supply-cut deal. Futures slid as much as 2.1 percent in New York. Russia and Kuwait were said to meet producers

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published Aug 7th 2017, 2:04 pm, by John Lippert and Claire Ballentine (Bloomberg) —As Toyota Motor Corp. and Mazda Motor Corp. begin to scour the U.S. for where to put the first auto assembly plant announced under President Donald Trump, one state looks like a frontrunner: Mississippi. The Magnolia State

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published Aug 3rd 2017, 3:00 am, by Suzanne Woolley (Bloomberg) —It’s happened again: Retirement savings account balances have hit all-time highs. A string of record 401(k) and IRA account totals now stretches across three consecutive quarters, according to second-quarter data from Fidelity Investments. The data covers 22,155 companies and 15.1

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published Aug 6th 2017, 3:47 pm, by Megan Durisin and Neil Weinberg (Bloomberg) —Illustrating how Silicon Valley is grappling with the role of women in technology, Google’s new diversity chief forcefully pushed back against a male worker’s argument that a “politically correct monoculture” ignores differences in capabilities between the sexes.

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published Aug 4th 2017, 9:42 am, by Suzanne Woolley (Bloomberg) —Perhaps the most despised bank fee among consumers is the overdraft fee, an ugly $30 (or so) insult to your wallet. Many consumers have been hit with it at one time or another, usually when it’s the absolute last thing they need.

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published Aug 6th 2017, 4:00 pm, by Michael Schuman (Bloomberg View) —The fall from grace of China’s Anbang Insurance Group Co. Ltd. continues to get steeper. Not long ago, the mysterious firm was chasing one foreign deal after another, becoming a symbol of China’s global economic ambitions. Now it appears

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published Aug 3rd 2017, 6:01 pm, by Alex Morales (Bloomberg) —Britain should stay in the European Union past Brexit Day. That is what one of the country’s biggest business associations proposes to Prime Minister Theresa May as calls for a fleshed-out transition period gather momentum. The Institute of Directors has

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