
Asian Stocks Retreat Amid Earnings as Technology Shares Decline
published May 12th 2016, 7:10 pm, by Jonathan Burgos (Bloomberg) —Asian stocks dropped as crude oil retreated and technology shares declined after Apple Inc. sank to the lowest since June 2014. The MSCI Asia Pacific Index slipped 0.2 percent to 127.26 as of 9:06 a.m. in Tokyo. The gauge pared

Matt Levine’s Money Stuff: Merger Advice and Retail Trading
published May 11th 2016, 8:04 am, by Matt Levine (Bloomberg View) — Merger advice. Well: In 2015, the buyers in public-company deals valued at more than $1 billion didn’t use financial advisers in 70 instances, or 26% of the time, according to Dealogic. That is the second-highest total on record

Macy’s Dimmer Outlook Sends Retail, Apparel Stocks Tumbling
published May 11th 2016, 4:33 pm, by Lindsey Rupp (Bloomberg) — A glum outlook from Macy’s Inc. renewed concerns about the broader retail industry, contributing to a stock rout for consumer companies such as Wal-Mart Stores Inc., Michael Kors Holdings Ltd., Ralph Lauren Corp. and Ross Stores Inc. on Wednesday.

Donald Trump Is Considering Newt Gingrich for Vice Presidential Role
published May 11th 2016, 8:49 pm, by Kevin Cirilli and Jennifer Jacobs (Bloomberg) —Donald Trump has discussed in recent days the possibility of selecting former House Speaker Newt Gingrich as his vice presidential running mate, according to multiple people familiar with the discussions. Trump, the presumptive Republican presidential nominee, has been

Cruz, Senate Face Choices as `Lucifer in the Flesh’ Returns
published May 10th 2016, 3:51 pm, by Steven T. Dennis (Bloomberg) —Texas Senator Ted Cruz returned to the Senate Tuesday, where he shouldn’t expect a warm embrace from one of the world’s most exclusive clubs. But to get much of anything done, they’re going to need him. The freshman Texas

Japanese Stocks Rise for Third Day Following Global Equity Rally
published May 10th 2016, 7:12 pm, by Yuko Takeo and Toshiro Hasegawa (Bloomberg) —Japanese shares rallied for a third day, tracking a global equity rebound following a recovery in commodity prices. The yen held declines against the dollar, sending exporters higher. The Topix index climbed 1.1 percent to 1,348.97 at

Big Oil Unexpectedly Backs the Newest Non-Fossil Fuels
published May 10th 2016, 6:55 pm, by Joe Ryan (Bloomberg) — Big oil is dipping a few more toes into clean energy. Exxon Mobil Corp. is partnering with a company to capture carbon-dioxide emissions from power plants. Total SA, the French oil supermajor, announced a $1.1 billion deal Monday to

Parents Tell Kids to Borrow More for College
published May 9th 2016, 8:00 am, by Polly Mosendz (Bloomberg) — Parents coo and cheer as kids take their first steps, speak their first words, and eventually gambol through those schoolhouse doors. Lurking in the background though is a slowly building dread that culminates with another first: the college application,

CEOs Are Making Their Junk Food and Eating It, Too: Justin Fox
published May 9th 2016, 11:28 am, by Justin Fox (Bloomberg View) — The current issue of Bloomberg Businessweek has a cover story on Nestle’s big effort to transform itself from a maker of often-junky foods to a “nutrition, health, and wellness company.” Early on, a reader encounters this passage about

*Pro-Clinton Super-PAC to Start Anti-Trump Ad Barrage Before June 8
published May 9th 2016, 6:30 pm, by Kendall Breitman (Bloomberg) — Hillary Clinton’s allies have already begun to prepare for the coming general election war with Donald Trump even though Democrats haven’t officially selected a candidate yet. Guy Cecil, the head of a pro-Clinton super-political action committee, said Monday that