published Apr 7th 2016, 7:04 am, by Eric Balchunas (Bloomberg) — Has the music stopped for the financial industry? Just as record companies in the early 2000s had to deal painfully with the digitization of music courtesy of Napster and Apple Inc.’s iTunes, many asset managers are now facing a

published Apr 7th 2016, 7:44 pm, by Pavel Alpeyev (Bloomberg) — Yahoo Japan Corp. shares rose on news that Verizon Communications Inc. is willing to buy Yahoo Inc.’s stake in the Japanese Web company as part of a bid for the business. Verizon made the offer to include Yahoo Japan

published Apr 7th 2016, 6:15 pm, by James Paton (Bloomberg) — Oil reversed losses amid speculation about whether an accord can be reached at a meeting between OPEC members and Russia on freezing oil production. Futures rose as much as 1.2 percent in New York after slipping 1.3 percent Thursday.

published Apr 6th 2016, 8:24 am, by Matt Levine (Bloomberg View) — Inversions. The consensus seems to be that the anti-inversion rules that Treasury released later Monday were aimed directly at one deal: the Allergan/Pfizer merger. In particular, the inversion rules have for a long time prevented transactions in which

published Apr 6th 2016, 4:00 pm, by Terrence Dopp (Bloomberg) — Fresh off a double-digit victory in Wisconsin, Ted Cruz landed in in Donald Trump’s home state Wednesday to declare that the tide in the Republican primary had turned and that the billionaire front-runner knows it. “He gets very angry

published Apr 6th 2016, 5:15 pm, by Elise Young and Romy Varghese (Bloomberg) — New Jersey Governor Chris Christie said he won’t step in to help Atlantic City avert a default on its May bond payment as the distressed gambling hub runs out of money and a takeover bill remains

  published Apr 5th 2016, 6:58 pm, by Christopher Palmeri and Lucas Shaw (Bloomberg) — Billionaire Sumner Redstone has designated his daughter Shari as his new health-care agent, replacing longtime confidant and Viacom Inc. Chairman Philippe Dauman, people with knowledge of the matter said. The decision coincides with settlement talks

published Apr 5th 2016, 7:58 pm, by Ben Sharples (Bloomberg) — Oil extended gains for a second day after Kuwait said a deal to freeze output can be reached without Iran and U.S. industry data showed crude stockpiles declined. Futures rose as much as 2.7 percent in New York after

published Apr 5th 2016, 8:29 pm, by Mark Niquette (Bloomberg) — Bernie Sanders defeated Hillary Clinton in Wisconsin’s Democratic presidential primary, bolstering his bid to slow the front-runner’s march toward the party nomination and extending a string of victories. Sanders, a Vermont Senator, was declared the winner of the primary

published Apr 4th 2016, 6:01 pm, by Benjamin D Katz (Bloomberg) — Global military spending has begun rising in real terms for the first time since the U.S. began its withdrawal of troops from wars in Iraq and Afghanistan, according to the Stockholm International Peace Research Institute. Defense budgets rose