Boko Haram Civilian Attacks ’Overwhelming’ Government: Buhari
©2015 Bloomberg News O06XT76JTSEB (Bloomberg) — Nigerian President Muhammadu Buhari said the scale of bombings targeting civilians by Boko Haram is overwhelming and the intelligence service has no information about the condition or location of more than 200 schoolgirls kidnapped by the insurgents last year. Boko Haram’s “capacity to conventionally
Microsoft to Warn E-Mail Users About Government Hacking Attempts
©2015 Bloomberg News O078VN6JTSE9 (Bloomberg) — Microsoft Corp. said it will tell users of its e-mail and cloud storage services when government-backed hackers may have targeted them. The policy expands on existing procedures where Microsoft tells users if they believe an account has been targeted or compromised by a third
Gold Loses Luster for Third Straight Year as Investors Sell
©2015 Bloomberg News O07ABB6JIJUQ (Bloomberg) — Gold’s image as a haven asset has taken a battering with the metal heading for its third-straight annual loss amid the sale of gold-backed funds by investors. Bullion for immediate delivery was little changed at $1,061.65 an ounce at 8:05 a.m. in Singapore after declining
Dollar Rises as Hedge Funds Position for Further Gains in 2016
©2015 Bloomberg News O054756KLVR8 (Bloomberg) — The dollar climbed the most in nearly two weeks versus the euro after a report showed hedge funds boosted bets on a strong greenback for the first time in a month. The U.S. currency advanced after Commodity Futures Trading Commission data for the week
Mississippi River Area Closed by Floods; Grain Prices Rally
©2015 Bloomberg News O055KX6JTSED (Bloomberg) — Floods after heavy rain shut 5 miles of the Mississippi River, the biggest U.S. inland shipping channel, and waters were forecast to climb to record levels in parts of Missouri and Illinois later this week. The river between mile markers 179 and 184 near
Oil Advances as U.S. Crude Stockpiles Seen Falling, Easing Glut
©2015 Bloomberg News O054ID6JIJUU (Bloomberg) — Crude climbed as traders counted on another week of declines in U.S. crude inventories to help ease the glut that’s pushed prices below $40 a barrel. Futures rose 2.9 percent in New York, paring Monday’s 3.4 percent slide. U.S. crude stockpiles probably fell a
Who’s the Year’s Top Stock Picker? Guess Again.: Matthew Winkler
©2015 Bloomberg View O046G36KLVR8 (Bloomberg View) — The No. 1 stock picker in America in 2015 is no alpha-male. She’s Deena Friedman, manager of the Fidelity Select Retailing Portfolio, which is giving investors a bonanza using an old-fashioned strategy that’s a bit of a rebuke to a lot of her
Shanghai Warns Children to Stay Indoors as Smog Reaches ‘Heavy’
©2015 Bloomberg News NZONO56JTSEF (Bloomberg) — Shanghai issued a warning for children and the elderly to stay indoors as air pollution levels in the city rose to “heavy,” mirroring a red alert for smog issued by Beijing that’s prompted school closures. The concentration of PM2.5 — particles considered the must
Euro Set for Best Month Since April as Mersch Fails to Stem Gain
©2015 Bloomberg News O03FSN6K5110 (Bloomberg) — The euro held gains versus most of its major peers after comments by European Central Bank’s Yves Mersch on the scope for further monetary stimulus failed to stem its biggest monthly advance since April. The common currency advanced as Mersch, a member of the
S&P 500 Futures Steady as Oil Holds Gains; Yen Rises Fifth Day
©2015 Bloomberg News O01JBZ6K50XS (Bloomberg) — U.S. equity-index futures were little changed after the biggest weekly surge in oil prices since August helped the Standard & Poor’s 500 Index erase its losses for the year. The yen was stronger for a fifth day, while Japanese stock-index futures gained after the Topix index