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Business Headlines

Curated news from Bloomberg Business

Business Headlines

©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

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Business Headlines

   ©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

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Business Headlines

©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

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Business Headlines

©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

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Business Headlines

©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

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Business Headlines

©2015 Bloomberg View O00XSN6S9728 (Bloomberg View) — Over the last 15 years, Americans have become accustomed to distinguishing domestic mass shootings from Islamic terrorism — the difference between Columbine and the Sept. 11 attacks, if you will. In 2015, that conceptual division broke down with the massacre in San Bernardino,

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Business Headlines

©2015 Bloomberg News NZVO156KLVR4 (Bloomberg) — In 2015, the fracking outfits that dot America’s oil-rich plains threw everything they had at $50-a- barrel crude. To cope with the 50 percent price plunge, they laid off thousands of roughnecks, focused their rigs on the biggest gushers only and used cutting-edge technology

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Business Headlines

©2015 Bloomberg News NZT9XL6KLVR9 (Bloomberg) — As 2015 draws to a close, Illinois marks half a year without a budget. No spending plan has driven up borrowing costs, sunk its credit rating, and perhaps worst of all, exacerbated the state’s biggest problem: its underfunded pensions. Home to the least-funded state

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Business Headlines

©2015 Bloomberg View NZTC906S972D (Bloomberg View) — SunEdison. If you haven’t been following the SunEdison story, let me commend it to you, because it is bonkers. The basic setup is that you’ve got SunEdison, a public company that develops renewable power projects, and you’ve got its two yieldcos, TerraForm Power and TerraForm Global.

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Business Headlines

©2015 Bloomberg View NZU1EW6JTSEA (Bloomberg View) — Here is a fascinating story by Katie Benner about a fallen unicorn with the puzzlingly generic name “Good Technology.” Good was formed in 2009 by the combination of a startup and a division of Motorola. It “raised about $300 million in equity and debt,” hitting a peak

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